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News – Insurance Journal
It Took Coronavirus Pandemic to Settle Bayer’s Roundup Suits: Viewpoint
In late June, Bayer AG agreed to pay $9.5 billion to settle about 100,000 lawsuits that accused Roundup, the popular herbicide it acquired when it bought Monsanto in 2018, of causing non-Hodgkin lymphoma. The settlement came about even though Bayer …
POSTED JULY 10, 2020 1:02 PM |
Randall to Retire as Executive Chairman of Randall & Quilter Investment Holdings
The board of directors of Randall & Quilter Investment Holdings Ltd. announces that Ken Randall, executive chairman of the company and co-founder of R&Q, has notified the board of his intention to retire with effect from March 31, 2021. The …
POSTED JULY 10, 2020 11:05 AM |
Capsicum Re Names New Chairman as Chilton Takes on New Role Within Gallagher
Capsicum Re, the specialist reinsurance broker, has announced the appointment of Raja Balasuriya as its chairman. He succeeds fellow Capsicum Re founder Grahame Chilton in the role, who it was announced would re-join the wider Gallagher business – working alongside …
POSTED JULY 10, 2020 10:44 AM |
One Injured in Partial Collapse of Manhattan Building Facade
One person suffered minor injuries when the brick facade of a vacant parking garage in Manhattan partially collapsed on Wednesday, officials said. Part of the parapet of the five-story building on East 38th Street collapsed shortly before noon, Deputy Fire …
POSTED JULY 10, 2020 10:00 AM |
Everest Insurance Hires Manger as Head of Casualty Claims in New Jersey
Everest Insurance has hired Louis Manger as head of Casualty Claims. In this role, Manger will lead all facets of Casualty Claims, including all direct-handled and TPA-administered claims. He will be based in Liberty Corner, N.J. Manger joins Everest from …
POSTED JULY 10, 2020 10:00 AM |
New Jersey’s SageSure Appoints Bernstein as Chief Administrative Officer
SageSure, a Jersey City, N.J.-based insurance and services company specializing in underserved property markets, has appointed Lisa Bernstein as chief administrative officer. In this new role, Bernstein will spearhead SageSure’s ability to execute personnel investment programs and initiatives, leading the …
POSTED JULY 10, 2020 10:00 AM |
Lloyd’s to Exit U.S. Admitted Market, Focus on U.S. Surplus Lines, Reinsurance
Lloyd’s announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader. As part of this strategy …
POSTED JULY 10, 2020 9:45 AM |
South Africa Regulator Warns Insurers to Stop Broad Rejection of Virus Claims
A South African regulator warned insurers to stop broadly rejecting claims from businesses seeking to cover losses because of a lockdown to curb the coronavirus. “The Financial Sector Conduct Authority is concerned about the behavior of some insurers who are …
POSTED JULY 10, 2020 8:04 AM |
Insurers Are Creating Products for World Where Pandemics Could Become New Norm
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof policies might not be cheap, they offer businesses from …
POSTED JULY 10, 2020 7:42 AM |
Munich Re Specialty Releases MPL Policy for Non-Specialist Businesses
Munich Re Specialty Insurance (MRSI) has released a miscellaneous professional liability product for non-specialist, commercial businesses. Miscellaneous professional liability (MPL) coverage provides liability and defense costs from claims that allege errors or omissions in the rendering of professional services. MRSI …
POSTED JULY 10, 2020 6:42 AM |
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