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Tag: insurance-journal

People Moves: Mosaic Promotes Duggan to Lead North American Claims; Hiscox Names Sinkus CUO in US; EPIC Appoints Jackson Managing Principal, Global Leader
Insurance Journal | April 30, 2025
People Moves: Mosaic Promotes Duggan to Lead North American Claims; Hiscox Names Sinkus CUO in US; EPIC Appoints Jackson Managing Principal, Global Leader
Mosaic Promotes Duggan to Lead North American Claims Mosaic, headquartered in Hamilton, Bermuda, named environmental and casualty risk specialist and former district attorney Thomas Duggan as the company’s claims head for North America. Based in New York, Duggan will oversee …
Three Workers Killed in Scaffold Collapse at LNG Plant in Texas
Insurance Journal | April 30, 2025
Three Workers Killed in Scaffold Collapse at LNG Plant in Texas
Three workers were killed and two were injured when a section of scaffolding collapsed early Tuesday at a liquefied natural gas plant that Sempra is building in Texas. The two survivors at the Port Arthur LNG project were rescued from …
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
Insurance Journal | April 30, 2025
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects
The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an improved stormwater drainage system and secured …
Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report
Insurance Journal | April 30, 2025
Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report
Six weeks after Tampa-based Heritage Property & Casualty Insurance Co. filed a libel suit against a whistleblower claims adjuster, the adjuster’s lawyer has pushed back, arguing that the suit is an attempt to silence those who question insurers’ damage estimates. …
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
Insurance Journal | April 30, 2025
Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses
Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those of peers W R Berkley and Chubb, which also reported …
Ransomware Hack Said to Be Cause of Marks & Spencer Outages
Insurance Journal | April 29, 2025
Ransomware Hack Said to Be Cause of Marks & Spencer Outages
A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British retailer’s systems and render them inaccessible, according to people familiar …
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
Insurance Journal | April 29, 2025
Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return
Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years. Stock …
People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Brown, Everest’s Cleair as Underwriters for International Property
Insurance Journal | April 29, 2025
People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Brown, Everest’s Cleair as Underwriters for International Property
This edition of International People Moves details appointments at the managing general underwriter Carbon Underwriting and specialty re/insurer Chaucer. A summary of these new hires follows here. CEO of Carbon Retires for Health Reasons, Succeeded by Co-Founder Ferrier Carbon Underwriting …
Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival
Insurance Journal | April 29, 2025
Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival
The driver of a boat that appeared to leave the scene after a fatal crash in Clearwater, Florida, was not intoxicated but could still face multiple charges in the tragedy, according to local news media and the Associated Press. Authorities …
Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push
Insurance Journal | April 18, 2025
Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push
Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesday as …