Yearly Archives: <span>2023</span>

People Moves: Robinson Named CEO of Optio; Bogardus Becomes Chief Executive of Everest Re Singapore; Pen Underwriting Promotes Simmonds in Public Sector Division

This edition of International People Moves details appointments at Optio Group, Everest Re, and the MGA Pen Underwriting. A summary of these new hires follows here. Robinson Named CEO of Optio Group Optio Group, the London-based specialty MGA, announced the …

TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation

Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier’s massive Ponzi scheme. Canada’s Toronto-Dominion Bank will pay $1.205 billion, HSBC Holdings Plc will pay $40 …

Hurricanes Moving Farther North to Pummel Millions More Homes in US

Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now? The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says it …

Plastic Consumption on Track to Nearly Double by 2050: Research

Plastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive and legally binding global treaty to curb consumption is drawn up, according to research published on Monday. Existing programs to …

Officials Say Heavy Ice a Possible Factor in Deadly Alaska Gym Collapse

An Anchorage official says thick, heavy ice had accumulated on the roof of a gym that collapsed earlier this month, killing one person and trapping two others. Ross Noffsinger, acting building official for the city, said “tremendous” ice buildup on …

Family of Colorado Man Killed by Deputy Files Lawsuit

The family of a man who was fatally shot by a sheriff’s deputy outside a Colorado middle school while students were being picked up alleges in a wrongful death lawsuit that deputies unnecessarily escalated a situation that should have been …

5 Dead, Including Patient in Medical Flight Crash in Nevada

All five people aboard a medical transport flight, including a patient, were killed in a plane crash in northern Nevada, according to an air ambulance company. The Lyon County Sheriff’s office said authorities began receiving calls about the crash near …

French Bank BNP Paribas Sued by NGOs Over Amazon Rainforest Deforestation Link

Environmental and human rights activist groups said on Monday they had sued BNP Paribas, the eurozone’s biggest bank, for providing financial services to companies they allege contribute to the deforestation of the Amazon rainforest. Brazilian NGO Comissão Pastoral da Terra …

Florida Nursing Home Operator Acquitted of Causing Patient Deaths in Hurricane Irma

A judge on Friday acquitted a Florida nursing home administrator accused of causing the overheating deaths of nine patients after Hurricane Irma in 2017, saying that his employees had provided care and prosecutors had not proven he should have known …

Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks

The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford coverage. Cyber-insurance pricing increased 10% from a …