People Moves: Liberty Specialty Promotes 2, Hires Political Risk U/W; HDI Global Names Röllecke Head of Cyber/Financial; Ex-Lloyd’s CEO Ward Becomes CFC’s Non-Exec. Chair February 4, 2022 This edition of International People Moves details appointments at Liberty Specialty Markets, HDI Global and CFC Underwriting. A summary of...
Illinois Supreme Court: Privacy Claims Not Barred by Workers’ Comp Act February 4, 2022 By Ezra Amacher The Illinois Workers’ Compensation Act (IWCA) does not bar claims for statutory damages under the state’s Biometric Information Privacy Act...
Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re February 4, 2022 Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116...
Texas Lumber Company Faces $389K in Penalties After Worker’s Fatal Fall February 4, 2022 An investigation by the U.S. Department of Labor’s Occupational Safety and Health Administration into fatal injuries suffered by an 86-year-old...
LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters February 4, 2022 The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the...
Giant Maersk Container Ship Towed Free After Running Aground in North Sea February 4, 2022 Tug boats have towed free one of the world’s biggest container ships, the Mumbai Maersk, which had run aground off...
KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent February 4, 2022 By Katharine Gemmell and Michael Kapoor KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over...
Health Provider to Pay $75,000 Fine in Texas Religious Discrimination Case February 4, 2022 Wellpath, LLC, a provider of health services in correctional facilities, will pay $75,000 and furnish significant equitable relief to settle...
Family of Unresponsive University of Missouri Student Sues Fraternity Over Hazing February 4, 2022 The parents of a Minnesota man allege in a lawsuit that he has been unresponsive and requires constant medical care...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics February 4, 2022 By Noor Zainab Hussain and Carolyn Cohn The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter...