Monthly Archives: <span>March 2024</span>

Drugmaker Endo Receives Court Approval for Bankruptcy Restructuring

Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022. The company said the transaction is expected to close by late April. …

Washington Lawsuit Says Seat Belt Saved Passenger’s Life on Alaska Air Flight

More passengers who were aboard an Alaska Airlines Boeing 737 jet when part of its fuselage blew out in January are suing — including one who says his life was saved by a seat belt. The latest lawsuit, representing seven …

Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’

The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments from Gov. Ron DeSantis that Citizens is “not solvent.” “We believe we fully …

Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports

A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed, public broadcaster NHK reported on Wednesday, citing the coastguard. The tanker, Keoyoung Sun, was anchored due to bad weather and …

RT Specialty’s Austenfeld Elected WSIA President

Brenda (Ballard) Austenfeld was elected to serve as 2024-2025 Wholesale & Specialty Insurance Association (WSIA) president Austenfeld, CEO and president of RT Specialty’s national property practice, was chosen by membership at the organization’s annual business meeting earlier this month. She …

Subpoenas on Maui Agencies and Officials Delay Release of Report Into Wildfire

Hawaii’s attorney general blamed a delay of the release of a key report into a deadly Maui wildfire on county agencies that forced investigators to issue subpoenas. The first phase of an independent investigation into the Aug. 8 fire that …

Internet Firms Must Face Defective Product Liability Suit Over Buffalo Mass Shooting

A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass killing at a Buffalo supermarket in 2022 to go forward on grounds of product liability. Erie County Supreme Court Judge …

Florida Jewish Center Burned by Arsonist But Police Say It’s Not a Hate Crime

FORT LAUDERDALE, Fla. (AP) — A South Florida Jewish center suffered severe damage in a weekend arson fire that police believe was set by a mentally ill homeless man who previously confronted the rabbi and others. Rabbi Chaim Slavaticki said …

People Moves: Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Easton; BMS Taps Howden’s Leahy as Cyber Practice Co-Leader

This edition of International People Moves details appointments at re/insurer Sompo and the re/insurance broker BMS. A summary of these new hires follows here. Sompo Promotes Allen as CUO of Global Markets Commercial P&C Insurance, Succeeding Easton Sompo, the provider …

UK’s Ardonagh to Acquire Independent Italian Insurance Broker Mediass

The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Mediass, an independent Italian insurance broker company. Financial details of the deal were not disclosed. Based in Pescara, in the Abruzzo region, Mediass serves more …