Monthly Archives: <span>February 2023</span>

Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch

Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings. “The vast majority of insured losses will be covered by reinsurance, but the amount ceded is likely …

NFL Must Face Class Action Lawsuit Over ‘Sunday Ticket’ Prices

The National Football League (NFL) must face a $6 billion class action alleging it unlawfully limited televised games and drove up the cost of its “Sunday Ticket” package, a U.S. judge ruled on Tuesday. Sunday Ticket lets subscribers watch local …

Earthquake Update: More Than 20,000 Dead Across Turkey, Syria; Rescue Efforts Intensify

Thousands of foreign aid workers have arrived in Turkey and the first UN aid convoy has entered Syria after this week’s twin earthquakes. The World Bank announced a $1.78 billion relief package as well. The death toll surpassed 20,000 across …

Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk

A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. ClientEarth, an environmental law charity turned …

The Super Bowl Is Coming… Are Your Clients Planning Accordingly?

Hurts will try and put the hurt on Mahomes. The brothers Kelce will battle it out. The pregame show will last six hours. People will watch commercials they will actually remember. Rihanna at the half. Confetti and champagne at the …

Granada Financial Agrees to Acquire Controlling Interest in Topa Insurance Group

Granada Financial Group said it has entered into a definitive agreement to acquire the controlling interest in Topa Insurance Group from long-time owner, Anderson Holdings. The transaction is subject to customary closing conditions, including regulatory approvals. While Granada will assume …

People Moves: QBE North America Makes Key Executive Appointments

QBE North America Makes Key Executive Appointments QBE North America, based in New York, New York, has announced two key executive appointments. Rachel Pollack has been appointed chief people officer. Pollack joined QBE in 2008 and has held various roles …

Brothers in Fraud: Carolina Insurance Agents Plead Guilty to Ponzi Scheme Charges

Two brothers, longtime insurance agents in Whiteville, North Carolina, are on their way to several years in prison after pleading guilty to running a Ponzi scheme that defrauded friends, family and other members of the community. “The level of greed …

Swift Named VP at ATF Medical, a Workers’ Comp Rehab Equipment Supplier

Brendan Swift, recently with Elevance Health, has been named vice president for payer partnerships and marketing with ATF Medical, a national provider of rehabilitation equipment and housing solutions for the workers’ compensation industry. ATF, also known as After The Fall …

Baltimore Orioles CEO, Brother End Legal Fight Over Team

Baltimore Orioles CEO John Angelos and his brother Lou have agreed to end their fight over a lawsuit in which Lou accused John of seizing control of the team in defiance of their father Peter’s wishes. Lou Angelos sued John …