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Tag: insurance-journal

What Would UK Labour Party’s Finance Sector Plan Mean for City of London?
Insurance Journal | February 1, 2024
What Would UK Labour Party’s Finance Sector Plan Mean for City of London?
Britain’s opposition Labour Party, tipped in the polls to win an election expected this year, set out its blueprint on Tuesday to “unashamedly champion” a financial sector worried about its global competitiveness following Brexit as top rival New York lures …
Boeing Is Sued by Shareholders Following MAX 9 Blowout
Insurance Journal | February 1, 2024
Boeing Is Sued by Shareholders Following MAX 9 Blowout
Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9. …
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
Insurance Journal | February 1, 2024
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and personal lines at 109.9, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman. …
Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
Insurance Journal | January 31, 2024
Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes
Aircraft leasing firms have secured settlements with Russia totaling more than $2.5 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors are handing ownership …
Louisiana Medical Group to Pay $480K Over Phishing Attack
Insurance Journal | January 31, 2024
Louisiana Medical Group to Pay $480K Over Phishing Attack
The U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR), last month announced that Lafourche Medical Group, a Louisiana medical group specializing in emergency medicine, occupational medicine, and laboratory testing, agreed to a settlement over a …
Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy
Insurance Journal | January 31, 2024
Bayer’s Billions in Roundup Verdicts Increase Pressure for New Legal Strategy
Bayer AG faces mounting pressure to come up with a new plan for handling its Roundup weedkiller litigation after getting hammered by US jury verdicts totaling almost $4 billion over the last three months. The German conglomerate’s latest courtroom loss …
Highway Repairs Underway in Ohio Following Tanker Truck Crash and Fuel Spill
Insurance Journal | January 31, 2024
Highway Repairs Underway in Ohio Following Tanker Truck Crash and Fuel Spill
MACEDONIA, Ohio (AP) — Authorities have identified the tanker truck driver killed in a crash in Ohio that spilled thousands of gallons (liters) of diesel fuel over the weekend as repairs to the highway continue. The Summit County medical examiner’s …
Oklahoma’s Mulready Re-Appointed Chair of American Indian and Alaska Native Liaison Committee
Insurance Journal | January 30, 2024
Oklahoma’s Mulready Re-Appointed Chair of American Indian and Alaska Native Liaison Committee
Oklahoma Insurance Commissioner Glen Mulready has been re-appointed by the National Association of Insurance Commissioners (NAIC) to serve as the Chair for the American Indian and Alaska Native Liaison Committee in 2024. He was also named Vice-Chair of the Health …
Arthur J. Gallagher & Co. Acquires Iowa’s Horak Insurance
Insurance Journal | January 30, 2024
Arthur J. Gallagher & Co. Acquires Iowa’s Horak Insurance
Arthur J. Gallagher & Co. announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the transaction were not disclosed. Horak Insurance is a retail property/casualty insurance agency serving commercial and personal lines clients as well as farms in …
People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
Insurance Journal | January 30, 2024
People Moves: Carbon Names Willetts Head of Specialty; Canopius Hires 4 in Credit & Political Risk Team; BHSI Taps Chaucer’s Merton to Lead UK Customer & Broker Engmt
This edition of International People Moves details appointments at Carbon Underwriting, Canopius Group and Berkshire Hathaway Specialty Insurance (BHSI) . A summary of these new hires follows here. Carbon Underwriting Appoints Head of Specialty Carbon Underwriting Ltd., the London-based, managing …