(239) 334-7727

info@benfew.com

Tag: insurance-journal

Trump Posts $91.6M Bond From Chubb Subsidiary in Carroll Case
Insurance Journal | March 8, 2024
Trump Posts $91.6M Bond From Chubb Subsidiary in Carroll Case
Donald Trump secured a $91.6 million bond from insurer Chubb in order to allow the former president to appeal an $83.3 million verdict against him in the E. Jean Carroll defamation case. The surety bond contract with Chubb’s Federal Insurance …
Louisiana Commissioner Temple Seeks $20M for Fortify Homes Program
Insurance Journal | March 8, 2024
Louisiana Commissioner Temple Seeks $20M for Fortify Homes Program
Louisiana Insurance Commissioner Tim Temple expects lawmakers to allocate at least $20 million to the Lousiana Fortify Homes Program during the legislative session that begins on Monday. The funds would applied to the program for use in the next fiscal …
People Moves: Aspen UK Names Stanford CEO, Osman Become Active U/W, Lloyd’s Syndicate 4711; Howden Tiger Promotes Chattaraj as Chief Science Officer
Insurance Journal | March 8, 2024
People Moves: Aspen UK Names Stanford CEO, Osman Become Active U/W, Lloyd’s Syndicate 4711; Howden Tiger Promotes Chattaraj as Chief Science Officer
This edition of International People Moves details appointments at Aspen UK and Howden Tiger. A summary of these new hires follow here. Stanford Named CEO of Aspen UK, Osman Become Active U/W, Lloyd’s Syndicate 4711 Aspen Insurance Holdings Ltd. announced …
Wisconsin Court Limits Regulators’ Authority to Mandate PFAS Cleanup
Insurance Journal | March 8, 2024
Wisconsin Court Limits Regulators’ Authority to Mandate PFAS Cleanup
MADISON, Wis. (AP) — Environmental regulators can’t unilaterally force polluters to clean up contamination from so-called forever chemicals without going through the Legislature to establish specific limits on the compounds, a state appellate court ruled Wednesday. The 2nd District Court …
Kansas’ Conrade Insurance Group Discloses Data Breach
Insurance Journal | March 1, 2024
Kansas’ Conrade Insurance Group Discloses Data Breach
Conrade Insurance Group this week reported a data breach upon identifying unusual activity in its email system. The Newton, Kansas-based insurance agency posted a Notice of data Event on its website stating an investigation determined that one employee email account …
Ryan Specialty Q4 Net Income Up 28% on E&S Expansion
Insurance Journal | March 1, 2024
Ryan Specialty Q4 Net Income Up 28% on E&S Expansion
Ryan Specialty reported fourth quarter 2023 net income of $58.5 million and net income of $194.5 million for the full year. The Chicago-based specialty insurance firm grew Q4 net income by about 28% from the prior year, while full year …
Boat Rental Protection, Direct-Action Truck Bills Moving Forward in Georgia Assembly
Insurance Journal | March 1, 2024
Boat Rental Protection, Direct-Action Truck Bills Moving Forward in Georgia Assembly
Georgia legislation that could have a significant impact on insurance litigation and losses for transportation-related businesses are moving forward in the state General Assembly. The Georgia House of Representatives late last month approved House Bill 994, which would give some …
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause
Insurance Journal | March 1, 2024
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause
A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a decision recently—the first of its kind on marine insurance in about 70 years—to clarify federal maritime law and state insurance …
Texas Fires Trigger Drop for Xcel With Law Firm Alleging Link
Insurance Journal | March 1, 2024
Texas Fires Trigger Drop for Xcel With Law Firm Alleging Link
The worst-ever Texas wildfire sent shares of Xcel Energy Inc. plunging after a law firm said it might be linked to the disaster, the latest sign that potential ties between power companies and blazes are triggering volatility in once-sleepy utility …
Miami Beach Office Asking for Top Rent Signs First Tenant
Insurance Journal | March 1, 2024
Miami Beach Office Asking for Top Rent Signs First Tenant
New York-based hedge fund J. Goldman & Co. signed a lease at a new Miami Beach office building that’s seeking some of the highest rents ever seen in the market. J. Goldman agreed to take roughly 10,000 square feet (929 …