Monthly Archives: <span>January 2025</span>

People Moves: Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer; BHSI Taps SCOR’s Le Gall as Head of Casualty in France

This edition of International People Moves details appointments at Arch Insurance and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer Arch Insurance (EU) dac (AIEU) announced …

Winter Storm Gripped on Parts of the South, With Snowy Roads, Flight Cancellations

ATLANTA (AP) — Flight cancellations piled up and officials warned of continuing dangerous roads Saturday in the wake of a winter storm that brought biting cold and wet snow to the U.S. South, leading to school closures and disrupting travel. …

Moody’s to Acquire Geospatial AI Firm CAPE Analytics

Moody’s Corp. has agreed to acquire CAPE Analytics, which provides geospatial AI intelligence for residential and commercial properties. Moody’s said the deal will create a property database capable of delivering instant, address-specific risk insights as it brings together Moody’s Intelligent …

Kentucky AG Settles Opioid Suit vs. The Kroger Co. for $110 Million

Kentucky will receive $110 million to settle its lawsuit accusing one of the nation’s largest grocery chains of helping fuel the opioid epidemic, the state’s attorney general said Thursday. The state will use the money it is getting in its …

Canadian Insured Losses From Catastrophic Events Total C$8.5 Billion in 2024: CatIQ

The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ), Canada’s insured loss and exposure indices provider. In addition …

Mississippi Police Officer Suspended After Chase That Ended in Three Deaths

BYHALIA, Miss. (AP) — A north Mississippi police officer whose pursuit ended in a crash that killed three people has been suspended from duty without pay. Byhalia aldermen voted on Wednesday to suspend William Langham, WHBQ-TV reported, after he chased …

Judge Triples Jury Award in Nautilus Insurance Suit Against Murdaugh Accomplice

A federal judge last week tripled the damages that Alex Murdaugh’s co-conspirator must pay to Nautilus Insurance Co., bringing the total to $3.75 million – plus significant attorney fees incurred by the insurer. A jury last week found Cory Fleming, …

New York AG Seeks Recovery of $2.2 Million in Crypto Tied to Remote Job Scam

New York Attorney General Letitia James has filed a lawsuit to recover $2.2 million worth of cryptocurrency held in digital wallets and stolen from New Yorkers and victims across the country in a remote job scam. James said an investigation …

Pfizer Must Face Lawsuit Over Diversity Fellowship Program, Appeals Court Rules

A U.S. appeals court on Friday revived a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer fellowship program designed to boost the pipeline of Black, Latino and Native American people in leadership positions …

Broker Miller Launches Korean Unit to Aid Asia Expansion

Miller, the London-based specialist re/insurance broker, announced its further expansion into Asia with the launch of Miller Korea, led by David Kim as head of Korea. Miller Korea will focus on delivering global specialty expertise in the Korean market via …