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

Kansas City Police to Pay $325,000 to Teen After Violent Arrest

A Black Kansas City teenager will receive a $325,000 settlement after three white police officers hit him more than 10 times and used a stun gun on him, according to an excessive force lawsuit. It is the third settlement this …

Rhode Island Regulator Dwyer Named to Financial Stability Oversight Council

The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, superintendent of Banking and Insurance for Rhode Island, to serve as NAIC’s representative on the Financial Stability Oversight Council (FSOC). Dwyer will succeed recently retired …

Supreme Court Cast Doubt on Texas Immunity Claim in Vet’s Suit

The Supreme Court on Tuesday cast doubt on Texas’ claim that it can’t be sued by a former state trooper who says he was forced out of his job when he returned from Army service in Iraq. The justices heard …

HSBC’s New Insurance Chief Executive Eyes ‘Crucial’ New Deals in China

Greg Hingston, who took over as global chief executive of HSBC Holdings Plc’s insurance unit in January, has had a busy quarter, closing the group’s first acquisition in a decade, building out the China business and eyeing new deals to …

People Moves: AXIS Specialty Europe Names Mullarkey as CEO; SCOR Syndicate Appoints Arch’s Biggas as Active Underwriter

This edition of International People Moves details appointments at AXIS Specialty Europe and SCOR Syndicate. A summary of these new hires follows here. AXIS Specialty Europe Names Mullarkey as CEO AXIS Capital Holdings Ltd. announced the appointment of Fintan Mullarkey …

Young Agents: What Do You Think? Take This Survey.

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. Tell us what you …

Ford Recalls 737,000 U.S. Vehicles Over Software and Fire-Risk Issues

Ford Motor Co. is recalling 737,000 vehicles in the United States over a part that could develop an oil leak and a software error that could hinder braking, it said on Friday. The automaker is recalling 345,451 of its 2020-2022 …

Judge Invalidates Massachusetts Investment Advisor Rule in Win for Robinhood

A Massachusetts judge on Wednesday dealt state securities regulators a major setback in their enforcement action against online brokerage Robinhood by declaring the state’s new fiduciary duty rule that underlies parts of the case invalid. Suffolk County Superior Court Judge …

Howden’s Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge

KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency, a managing general agent (MGA) that focuses on specialist and higher-rated motor insurance. This acquisition, expected to complete in May, …

Ballplayer Files Defamation Suit Against The Athletic in California

Los Angeles Dodgers pitcher Trevor Bauer sued The Athletic and former reporter Molly Knight, accusing them of “creating and spreading the false narrative” that he had fractured a woman’s skull during a sexual encounter. The 26-page complaint, filed in U.S. …