Daily Archives: <span>March 5, 2024</span>

Lloyd’s Hits 35% Female Leadership Target, Says it Has a ‘Way to Go’

Lloyd’s of London has hit a short-term target of filling 35% of leadership roles with women, although less than half of firms in the commercial insurance market had hit the mark, it said on Tuesday. Lloyd’s said it needed to …

SpaceX Bid to Keep Labor Suit in Texas Denied by 5th Circuit

SpaceX’s bid to keep its lawsuit against the US National Labor Relations Board in Texas was denied by a federal appeals court, a setback for Elon Musk’s aerospace company in its battle against the agency. The aerospace company sued the …

People Moves: AXIS Taps SCOR’s Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders in Global Underwriting

This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new hires follows here. AXIS appoints Dejung as Global Cyber & Technology CUO AXIS Capital Holdings Ltd. announced the appointment of …

Michigan Town to Pay $320K to Japanese Man Wrongly Accused of Drunken Driving

A Michigan village has agreed to a $320,000 settlement with a man from Japan who was wrongly accused of drunken driving after a police officer badly misread a breath test, court records show. Ryohei Akima blew a 0.02 on the …

Hub International Acquires Pair of Michigan Agencies

Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc. (Michigan Insurance Associates). Terms of the transaction were …

People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names Liberty Mutual’s Fink as Chief Marketing Officer

Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the Cyber Practice for North America and …

Markets/Coverages: Falvey Launches Commercial Output Insurance

Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s inland marine managing general agency (MGA), the …

Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation

Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking down the 2022 law. “This law, as Florida concedes, draws its distinctions based …

Many Texas Panhandle Homes Burned in Wildfires Weren’t Insured

FRITCH — Many Panhandle residents whose dwellings and possessions burned in the region’s ongoing wildfires may never financially recover for one simple reason: Their homes weren’t insured. “A lot of the people who have lost a home had no insurance,” …

Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash

Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft …