Monthly Archives: <span>August 2023</span>

Missouri’s Cameron Mutual Placed Into Rehabilitation

Cameron Mutual Insurance Company and its wholly owned subsidiary, Cameron National Insurance Company, were placed into rehabilitation this week by the Circuit Court of Cole County, Missouri. Missouri Department of Commerce and Insurance (DCI) Director Chlora Lindley-Myer was named rehabilitator …

Zurich American Off the Hook on Harvard’s Legal Costs in Affirmative Action Case

Even the smartest institutions in the land can miss deadlines – and can lose $15 million in insurance coverage because of it, a federal appeals court decided Wednesday. The U.S. 1st Circuit Court of Appeals upheld a lower court ruling …

Attorneys in MMA Case Argue Punishment Disproportionate, Seek Fair Treatment

Three former attorneys for the McClenny Moseley & Associates are urging a judge to lift a nine-month suspension that bars them from practicing in the federal Western District of Louisiana and pin blame for the law firm’s ethical issues on …

Fire at a Texas Apartment Complex Causes Hundreds of Evacuations

CEDAR PARK, Texas (AP) __ A fire with flames shooting up to 60 feet (18 meters) in the air damaged an apartment complex and condominiums near Austin, Texas, and forced hundreds of residents from their homes but caused no major …

Attorneys for Last-Known Survivors of 1921 Tulsa Race Massacre Appeal Dismissed Reparations Case

OKLAHOMA CITY (AP) – Attorneys seeking reparations for three living survivors of the 1921 Tulsa Race Massacre filed an appeal in the case with the Oklahoma Supreme Court and said a district court judge erred in dismissing the case last …

Hedge Fund Manager Loeb Agrees to Hold Off Attempts to Take SiriusPoint Private

Hedge Fund Manager Daniel S. Loeb has agreed he will not make further attempts to take SiriusPoint private for two more years. SiriusPoint and Loeb, who has about a 9.5% shareholding in the Bermuda-based specialty insurer and reinsurer, have entered …

Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes

Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind and hail events in Texas, Oklahoma, and …

Calling All Employees: Help Make Your Agency a ‘Best Place to Work’ – Nominate Today!

Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to Work For.” To nominate your agency, you must be a current employee of the agency you are nominating. A MINIMUM …

People Moves: DUAL North America Named Gosselink EVP Fine Art; Hennessy Now CEO McGill Global Risk Solutions

DUAL North America appointed of Peter Gosselink as executive vice president of its fine art program. Gosselink trained as a marine underwriter specializing in fine arts and collections before becoming versed in insuring various artwork and collectibles for commercial and …

At Least 36 Killed, Hundreds of Properties Destroyed in Hawaii Fires

Thousands of Hawaii residents raced to escape homes on Maui as blazes swept across the island, destroying parts of a centuries-old town and killing at least 36 people. The fire left behind burned-out cars on once busy streets and smoking …