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

Russian Court Orders $1.2B of Linde UK Assets Be Frozen

A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday. RusChemAlliance, which filed the …

Consumers’ Refusal to Keep Paying Higher Prices May Halt Inflation Spike

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking …

People Moves: Accredited Taps SCOR’s McMurdo to Lead UK, European Operations; Aon Promotes Barcock to Lead Aviation Reins., Admiral Stavridis Appointed to Board

This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operations Accredited Insurance …

Georgia Investment Manager Charged with Siphoning $6M from GEICO

A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for his own use. Dwayne Peterson Davis, 54, of Atlanta, was a business partner with GEICO in a multimillion-dollar commercial development …

What Latest Inflation Report Shows Overall and for Auto Insurance, Medical Costs

The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after declining 0.1 percent in June. Over the last 12 months, the all items index increased 2.9 percent. The core consumer …

Floods Threaten Europe as Searing Heat Gives Way to Storms

Extreme heat in parts of Spain and France is giving way to storms and flood warnings, while Greece is bracing for more blazes after the huge wildfire near Athens was brought under control. Orange alerts are in place for a …

An Estimated 290 Residences Damaged by Flooding From Lake Dammed by Alaska Glacier

Roughly 290 residences in Alaska’s capital city were damaged last week by flooding from a lake dammed by the Mendenhall Glacier, officials said. In addition to the homes and apartment and condo units, at least two businesses were damaged, Deputy …

People Moves: Chubb Appoints Ohsiek, Hagan and Le to Key Finance Posts

Chubb Appoints Ohsiek Chief Accounting Officer, Hagan CFO of Operations and Le as Chief Auditor Chubb made three executive appointments effective Sept. 4. Chubb appointed George Ohsiek as vice president and chief accounting officer of the Chubb Group. He currently …

Texas Sues GM for Allegedly Collecting Drivers’ Data, Then Selling it to Insurers

General Motors GM.N has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ …

Tropical Storm Ernesto Drenches Puerto Rico on Path Northward

Tropical Storm Ernesto pounded Puerto Rico with torrential rain and winds as it brushed by the island on a track that’s likely to see it become a hurricane later Wednesday. Ernesto was about 85 miles (135 kilometers) north-northwest of San …