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News – Insurance Journal
AXIS Capital Decides to Stop Insuring Arctic Oil and Gas Projects
AXIS Capital Holdings Ltd. said it won’t insure oil and gas projects in the Arctic National Wildlife Refuge, becoming the first North American underwriter to make the commitment after pressure from native Alaskans and environmentalists. The move follows similar pledges …
POSTED JANUARY 15, 2021 5:37 PM |
Wisconsin Suspends License of Pharmacist Accused of Spoiling Vaccine
A state board has suspended the license of a Wisconsin pharmacist accused of ruining more than 500 doses of COVID-19 vaccine because he thought it was unsafe. Steven Brandenburg was working at Advocate Aurora Health in Grafton, about 20 miles …
POSTED JANUARY 15, 2021 5:36 PM |
Louisiana Bars Lose Appeal in Fight Against Forced COVID-19 Closures
Louisiana bar owners fighting coronavirus-related closures of their businesses lost an appeal at a federal appeals court. The 5th U.S. Circuit Court of Appeals on Jan. 13 upheld rulings from two lower court judges who last year refused to block …
POSTED JANUARY 15, 2021 5:30 PM |
Despite Pandemic, North Carolina Traffic Deaths Climb to 1,500 in 2020
Traffic deaths in North Carolina last year surpassed 1,500 for the first time in 13 years despite a pandemic during which motorists logged fewer miles statewide, statistics show. N.C. Department of Transportation data shows the number of miles driven dropped …
POSTED JANUARY 15, 2021 5:26 PM |
Sompo Int’l Hires Generali’s Brown to Lead New London & International Property Team
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected …
POSTED JANUARY 15, 2021 5:26 PM |
2 W. Virginia Bus Drivers Who Attended Trump Rally Sue Over Suspension
Two West Virginia school bus drivers who were suspended for attending a rally for President Donald Trump in the nation’s capital have been cleared of wrongdoing following hearings, an attorney said Wednesday. Attorney John Bryan, who is representing the employees …
POSTED JANUARY 15, 2021 5:24 PM |
AM Best Assigns ‘A’ Rating to Nebraska’s Summit Specialty Insurance
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Summit Specialty Insurance Co. (SSIC), based in Omaha, Neb. The outlook assigned to these ratings is stable. SSIC is a …
POSTED JANUARY 15, 2021 5:18 PM |
Tug Hits, Damages Louisiana Railroad Bridge
A railroad bridge in Louisiana is back in place after reportedly being hit early on Jan. 13 by a tugboat, officials said. The swing bridge over the Rigolets near Slidell was reportedly hit by the tug Robert Cenac about 1 …
POSTED JANUARY 15, 2021 5:14 PM |
Hub Acquires Assets of Texas’ Commercial Insurance Brokers
Global insurance broker Hub International Limited (Hub) has acquired the assets of Commercial Insurance Brokers Inc. (Commercial Insurance Brokers), based in El Paso, Texas. Terms of the transaction were not disclosed. Commercial Insurance Brokers is a locally owned, independent insurance …
POSTED JANUARY 15, 2021 5:12 PM |
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims
Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 lockdowns. The UK Supreme Court dismissed appeals by six insurers – Hiscox, …
POSTED JANUARY 15, 2021 5:07 PM |
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