Monthly Archives: <span>May 2021</span>

Patra Expands Leadership Team to Advance Technology-Enabled Services for the Insurance Industry

Matt Hewitt joins the leading insurance services provider as Corporate Development Officer. EL DORADO HILLS, Calif., May 27, 2021 – Patra, a leading provider of technology-enabled services for the insurance industry, announced today that it had appointed Matt Hewitt as …

After Dutch Ruling Against Energy Company, Focus Turns to U.S. Climate Lawsuits

A landmark ruling on Wednesday by a Dutch court ordering Royal Dutch Shell to drastically cut its planned greenhouse gas emissions could impact the United States where most of the world’s climate cases are being litigated. About 1,375 lawsuits seeking …

People Moves: Island Insurance Names Kuioka COO, The Liberty Company Insurance Brokers Adds Newman in California

Island Insurance Co. has promoted Scott Kuioka to senior vice president and chief operating officer. Kuioka will continue to serve as chief investment officer and chief risk officer, and oversee the commercial lines-large accounts division, and the personal lines, reinsurance, …

Judge Rejects Bayer’s $2 Billion Proposal to End Roundup Litigation

A U.S. judge rejected Bayer’s $2 billion class action proposal aimed at resolving future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.” U.S. District Court Judge Vince Chhabria …

Northwestern Oklahoma Shaken by Preliminary Mag 4.5 Quake

A strong earthquake measured at a preliminary magnitude of 4.5 rattled a small northwestern Oklahoma town Tuesday but apparently caused no injuries or significant damage. The U.S. Geological Survey reported the quake struck about 1:25 p.m. near Shattuck, a town …

The Liberty Company Acquires Assets of Gray-Stone & Co. in California

The Liberty Company Insurance Brokers has acquired the assets of Thousand Oaks, Calif.-based Gray-Stone & Co. Terms of the deal were not disclosed. Gray-Stone has both a wholesale and retail component, and the firm specializes in lawyers professional liability. The …

Texas Seeking Insurer Data on Catastrophe Experience in 2020

The Texas Department of Insurance (TDI) has issued a data call for information from certain insurance companies writing property insurance in Texas during calendar year 2020. The information will be used by the Texas Windstorm Insurance Association to calculate participation …

Atlanta Insurance Agents Look to Expand Diversity, Equity, Inclusion Through Coalition

A group of Atlanta insurance professionals motivated by the racial justice movement in the wake of the murder of George Floyd exactly one year ago have formed a nonprofit with the mission of improving diversity, equity and inclusion efforts in …

Congress Studying Federal Reinsurance for Cyberterrorist Attacks

A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup provided by the federal Terrorism Risk Insurance Program (TRIP) is adequate for cyberterrorism events. The General Accountability Office (GAO) said …

People Moves: Ex-NewRe Executive Cussigh to Peak Re in Zurich; Key Changes at Euler Hermes; Daley Promoted at Sedgwick Australia

This wrap-up of international People Moves details recent appointments at Peak Re, the Hong Kong-based reinsurer; Euler Hermes, the Paris headquartered credit insurer, and Sedgwick, the provider of technology-enabled risk, benefits and integrated business solutions. A summary of these new …