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Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal finishes his term on …

Two teenage basketball players, a coach and a trainer from the Tulsa, Oklahoma, area who were on their way back from a tournament were among eight people killed in a fiery head-on highway crash in eastern Kansas. Authorities said the …

St. Louis has agreed to pay $4 million to settle a class action lawsuit alleging that inmates at a former medium-security jail were housed in “inhumane conditions” that included rodent feces in food, infestations of bugs and snakes, and unbearable …

Hub International Limited announced that it has acquired the assets of FGLP Equity Partners, LLC dba Demarie Insurance Agency (Demarie Insurance). Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Demarie Insurance is a full-service insurance agency …

UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed …

SK Group Chairman Chey Tae-won apologized on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial information. The …

The UK has named China as the dominant threat to national cybersecurity after a series of hacks and breaches involving British government departments and critical infrastructure. “China remains the pacing threat in the cyber realm,” Richard Horne, the chief of …

The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil tankers as it seek to crank up pressure on Russia over its war against Ukraine. The sanctions suggested by the …

The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for businesses amid expanding risks. The magnitude of the YoY growth peaked at 30% …

A mental healthcare facility was ordered to pay $40,460 after the California Labor Commissioner’s Office found the company unlawfully terminated a care facility worker for reporting workplace violations. The LCO cited Ali Baba Corp. for workplace retaliation and labor law …

Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational injuries and diseases in 2023, …

A barrier described as an “anti-climb fence” is in the works for the Pennsylvania governor’s official residence, the state police chief said Tuesday, less than a month after a late-night intruder jumped the existing fence, broke into the home and …

Willis, a WTW business headquartered in New York City, appointed David Lofstrom as deputy regional leader, New England within corporate risk and broking (CRB) in North America. Lofstrom’s new position includes working closely with the full New England team to …

A Long Island school district is accusing two insurers of ducking their responsibilities to defend and indemnify it against lawsuits by former students claiming they were sexually abused by an elementary school teacher decades ago. Bay Shore Union Free School …

Utah-based insurance brokerage Trucordia has acquired Huffman Insurance, a personal and commercial lines insurance agency with offices across Virginia, including locations in Lexington, Staunton, and Covington. Founded by Bolivar and Hazel Huffman in 1968, Huffman Insurance is now run by …

A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill 1302, which was pushed by Gov. Jared Polis and …

A deadly explosion that leveled one Missouri home and damaged two others happened after a subcontractor drilled into an unmarked underground gas main while installing fiber optic cable, the National Transportation Safety Board announced Monday. One person was killed and …

A proposed carbon-capture pipeline that would traverse through several Midwestern states could face more hurdles in Iowa as a dozen Republican state senators try to force the issue to a vote. Summit Carbon Solutions already will likely have to readjust …

American Airlines Group Inc. sued the city of Chicago in a fight with rival United Airlines Holding Inc. over valuable gate space at O’Hare International Airport. The airport is a hub for both airlines, making it the only dual-hub airport …

exas will need a lot more energy in the future. Driven largely by demand from businesses such as data centers and the oil and gas industry, the Electric Reliability Council of Texas, the state’s grid operator, predicts the state’s energy …