A former peanut company executive serving a 28-year prison sentence won’t have to pay money to victims of a deadly salmonella outbreak linked to his Georgia plant, a federal judge ruled. Former Peanut Corporation of America owner Stewart Parnell and …
The Roman Catholic Archdiocese of Hartford has taken its dispute with an insurance company to trial, seeking reimbursement of more than $1 million in payments made to settle sexual misconduct cases involving priests and minors. Testimony began last Friday in …
Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to the U.S. Federal Bureau of Investigation. Losses from these scams, which are …
Aspen Insurance Holdings Ltd. announced that its reinsurance segment, Aspen Re, has opened a new hub for the Middle East and Africa in Dubai. The establishment of a reinsurance hub in Dubai is consistent with Aspen Re’s strategy of maximizing …
Google can’t duck an investigation by the Mississippi attorney general into objectionable search engine content that the company calls a threat to Internet freedom. A U.S. appeals court said Friday that a judge was wrong to block state Attorney General …
Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant Re. The new fund will complement Plenum’s current ILS offering and bring …
It started with a puff of smoke, seeping slowly into the clear and sunny St. Thomas air on a mid-March afternoon. “I went into a meeting, and when I came out, it was very on fire,” recalled Ryan Nichols, who …
Former California Gov. Arnold Schwarzenegger will headline an event next month at a Southern California university to benefit insurance students. Schwarzenegger will be joined by Robert Hartwig, an economist and president of the Insurance Information Institute, who could be making …
Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced today that Miles Osorio has been hired as head of Property Direct & Facultative (D&F). Reporting to Active Underwriter Trevor Carvey, …
Last summer the Academy of Insurance held a live, in person class discussing the work comp premium audit. The Academy assembled a team of knowledgeable work comp audit professionals to offer advice on how to use the work comp audit …
