Citgo Wins $54M from Lloyd’s Insurers After Oil Seized by Venezuela Government December 21, 2023 (Bloomberg) — Citgo Petroleum Corp. was awarded an insurance payment of more than $54 million for almost 1 million barrels...
University of California Files Lawsuit Against Lloyd’s of London Over Refusal to Reimburse Cyber Insurance Costs June 30, 2023 By Joel Rosenblatt The Regents of the University of California sued Lloyd’s of London, arguing the company refused to reimburse the university system...
OSHA Says Fatal Florida Fireworks Fire Was Preventable, Fines Company $109,000 June 13, 2023 By Insurance Journal Staff Reports A December fire at a fireworks company warehouse, which killed four workers and gravely injured a fifth, was preventable, but...
Jury Should Say if Lack of Captain Raised Hazard for Yacht Lost in Dorian, Court Says January 12, 2023 By William Rabb For hurricanes with erratic paths that prove difficult to predict, property insurers could soon find it trickier to justify some...
Lloyd’s Owes $3M in Prejudgment Interest for Late Payment of D&O Claim August 23, 2022 By Jim Sams Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the...
Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments August 3, 2022 By Carolyn Cohn Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its...
Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor July 29, 2022 By Carolyn Cohn Lloyd’s of London insurer Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food...
People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office July 8, 2022 Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for...
People Moves: Postlewhite Departs QBE Re; Lloyd’s Reappoints Chairman Carnegie-Brown; Liberty Specialty Appoints Pavie in France June 17, 2022 QBE Re Reports Departure of Postlewhite QBE announced that Steve Postlewhite, managing director QBE Re, is leaving the company following...
Lloyd’s Ups Climate Pledge, Vows to Push Members on Net Zero: Reuters October 28, 2021 By Simon Jessop and Carolyn Cohn Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push...