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Global Shipping Firms Continue to Pause Red Sea Shipments After Weekend Attack

Denmark’s Maersk and German rival Hapag-Lloyd said on Tuesday their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk’s vessels. Both shipping giants have …

Japan Airlines Flight Was Cleared to Land Before Fiery Collision at Tokyo Airport

As Japan Airlines Co. Flight 516 approached Tokyo’s Haneda Airport late on Tuesday afternoon, all signs pointed to an uneventful conclusion to the routine one-and-a-half hour journey from Sapporo in northern Japan. At 5:43 p.m. local time, control-tower staff told …

P/C Insurers Responsible for Nearly 7,000 Layoffs in 2023

U.S. property/casualty insurance carriers led layoffs in the insurance industry last year, according to S&P Global Market Intelligence analysis. Nearly 20 companies reduced staff in 2023, cutting at least 6,800 jobs, said the authors of the report, Tyler Hammel and …

Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64

The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the government doubled the number of personnel dispatched to the affected areas to bolster rescue operations. The number of reported fatalities …

People Moves: Church Mutual Promotes Ogilvie to CEO; World Insurance Associates Hires Klien as EVP; Amwins Appoints Armijo President of Amwins Underwriting

Church Mutual Insurance Company, S.I. promoted Alan S. Ogilvie from president to president and chief executive officer, effective Jan. 1, 2024. Ogilvie assumed the role from Rich Poirier, who has retired after 12 years of service to the company. Ogilvie …

McKinsey to Pay $78 Million to Settle Opioid Claims by Insurers

McKinsey & Co. is poised to pay $78 million to health insurers and company benefit plans, in its latest settlement of lawsuits over its role advising opioid makers in their sales of the painkillers. The proposed accord, filed in federal …

Army Corps Approves Massive Beach Renourishment for Jacksonville Area

The U.S. Army Corps of Engineers has given approval to a $32 million plan to renourish much of the critically eroded beaches near Jacksonville, a project that could throw a lifeline to tourism and insured properties in the area. The …

Man Charged After 2 Killed in Alabama Police Chase

VALLEY, Ala. (AP) — A man faces murder charges after two people were killed in a head-on collision during a police chase, state law enforcement officials said Friday. The fatal crash occurred Thursday morning in Valley, a small city near …

New York City Parkway Crash Takes 5 Lives

Five people died when the car they were in crashed on a New York City parkway Monday morning, police said. The Mazda was heading north on the Cross Island Parkway in the borough of Queens when it collided with another …

People Moves: SES Risk Solutions in California Names Shenouda President

SES Risk Solutions, headquartered in Irvine, Calif., named Shaun Shenouda president. Shenouda takes over the role from Bill Mecklenburg, who recently assumed leadership of Alliant Underwriting Solutions as senior managing director. Shenouda previously served as chief operating officer of SES. …

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