Monthly Archives: <span>April 2022</span>

People Moves: Henderson Brothers Promotes 2; Resilience Adds Aon’s Thompson

Pittsburgh’s Henderson Brothers Promotes Two Veterans for New Roles Greater Pittsburg insurance agency Henderson Brothers announced two promotions to its professional staff. Thomas Philbin, director of Commercial Lines, has been named director of Mergers and Acquisitions and director of Strategic …

People Moves: Lockton Restructures Int’l Leadership; MGA Arcadian Promotes Barna for Transactional Liability; McGill and Partners Hires DARAG’s Hill for Structured Solutions

This edition of International People Moves details appointments at brokers Lockton and McGill and Partners as well as the Bermuda MGA Arcadian Risk Capital. A summary of these new hires follows here. Lockton Announces New International Leadership Structure Lockton, the …

81% of Flood Insurance Policyholders Will See Rate Increases, Report Says

When the Federal Emergency Management Agency rolled out a major overhaul to its beleaguered National Flood Insurance Program last April, it promised that bigger, richer homes would bear the brunt of premium increases, while almost 90 percent of policyholders would …

Lawsuit in California Says Warnings Were Ignored Before Children’s Slayings

The father of three children who were allegedly killed by their mother last year has filed a lawsuit against the city and county of Los Angeles, accusing police and social workers of failing to intervene to protect his young daughters …

Boy Scouts Bankruptcy Judge Approves Sale of BSA Warehouse

The judge presiding over the Boy Scouts of America bankruptcy has approved the organization’s request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the buyer. The BSA wants …

A Decade After Murder Conviction, Civil Trial Begins in Death of Virginia Lacrosse Player

A decade ago, University of Virginia lacrosse player George Huguely V was convicted of second-degree murder after a sensational criminal trial in the killing of his on-again, off-again girlfriend, Yeardley Love, a member of the UVA women’s lacrosse team. With …

London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best

Upward premium rate momentum is expected to continue support underlying performance for the London market, despite mounting challenges connected to climate modeling, claims inflation and the war in Ukraine, according to AM Best. “London market re/insurers have enjoyed several consecutive …

Rule Aims to Make Florida Electricity 100% Renewable by 2050

Florida utilities would gradually increase their electricity to 100% renewable by 2050 under a proposed rule unveiled Thursday by the state’s agriculture commissioner. The proposed rule is an outgrowth of a lengthy court battle involving dozens of young people who …

Two-Thirds of Employees Might Seek New Jobs if Forced Back to Office: Global Survey

Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP …

Ferrari to Recall 2,222 Cars in China Over Potential Braking Fault

Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday [March 22]. The recall covers the 458 Italia, 458 Speciale, 458 …