People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance June 13, 2023 This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new...
Lloyd’s and Dubai Partner to Launch Insurtech Accelerator June 13, 2023 Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and...
Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers June 13, 2023 A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how...
Core Specialty Forms Medical Stop Loss Division With Acquisition of Texas’ American National Group June 13, 2023 Core Specialty Insurance Holdings, Inc., and its subsidiaries announced today that it will form a medical stop-loss division through the...
Missouri Man Pleads Guilty to $1.1M Insurance Fraud Scheme June 13, 2023 A Missouri man has pleaded guilty in federal court to his role in a $1.1 million insurance fraud conspiracy that...
Ohio Plastic Manufacturer to Pay $252K Over Sex Discrimination Lawsuit June 13, 2023 Pretium Packaging, LLC, a manufacturer of plastic bottles and containers, will pay $252,768 and furnish other relief to settle a...
Florida Sheriff Investigating After 7 Diners at Restaurant Fall Ill from Narcotics Poisoning June 13, 2023 Florida authorities are investigating a steakhouse after seven patrons were hospitalized with what may have been poisoning from narcotics. Santa...
New Mexico Reaches $500M Settlement with Walgreens in Opioid Case June 13, 2023 New Mexico has settled with Walgreens for $500 million over the pharmacy chain’s role in distributing highly addictive prescription painkillers....
Fitch: Hardening Commercial Lines Market to Continue Through 2023 June 13, 2023 This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest...
Maine Lawmakers Agree to Expand Equal Pay Law to Address Racial Bias June 13, 2023 Maine lawmakers have signed off on a proposal to expand the state’s equal pay law to prevent discrimination on the...