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San Francisco Archdiocese Paying $395M to Settle Child Sex Abuse Lawsuits
The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, plaintiffs’ attorneys said Monday. San Francisco Archbishop Salvatore Cordileone will have to write an apology letter …
POSTED JULY 01, 2026 2:25 PM |
People Moves: AIG Hires Bewlay From AXA Group to Become Global CUO
Nancy Bewlay will become American International Group’s new global chief underwriting officer in the insurer’s latest development at top leadership. Bewlay, who was most recently group chief underwriting and pricing officer at AXA Group since 2023, will start her new …
POSTED JULY 01, 2026 1:29 PM |
The Fidelis Partnership Launches US SME Casualty Reinsurance MGA
Pine Walk, the specialist MGA platform of The Fidelis Partnership (TFP), announced the launch of Adroit Underwriting Ltd., a Bermuda-based managing general agent that is focused on US small-and-medium enterprise (SME) casualty reinsurance. Adroit aims to provide disciplined, data-driven reinsurance …
POSTED JULY 01, 2026 1:13 PM |
Iran Says Ship Ran Aground in ‘Unauthorized’ Hormuz Transit
Iran said a foreign container ship ran aground while sailing through the Strait of Hormuz via an “unauthorized” route, repeating its warning that vessels should only transit the waterway in coordination with the Islamic Republic. The state TV report didn’t …
POSTED JULY 01, 2026 12:46 PM |
Insurer CEO Shooting Suspect Mangione’s Federal Trial Delayed Until After State Trial
Luigi Mangione’s federal trial in the killing of UnitedHealthcare CEO Brian Thompson will now begin in January instead of the fall, a judge said Monday at a hearing that started late because Mangione got stuck in a courthouse elevator. U.S. …
POSTED JULY 01, 2026 11:43 AM |
People Moves: CRC Names Crotty to Lead Northeast Benefits Initiative
CRC Benefits, a division of CRC Group headquartered in Dallas, Texas, hired Karen Crotty as a benefits sales executive to lead a new Northeast-focused department serving brokers in New Jersey, New York, Pennsylvania, and Maryland markets. Hired specifically for this …
POSTED JULY 01, 2026 11:22 AM |
Passenger Jet Reported Hitting Drone. Helicopter Had Near Miss Hours Later.
A passenger jet reported striking a drone while approaching JFK International Airport on Monday, and just hours later, a helicopter pilot alerted a close call with a remote-control airplane near the same airport. The Federal Aviation Administration is investigating the …
POSTED JULY 01, 2026 11:18 AM |
UK Investors Sue Binance in London for £150 Million
Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorization. The claimants, some of whom said they had …
POSTED JULY 01, 2026 10:19 AM |
Climate Change Keeps Adding to List of Uninsurable Assets, Allianz Executive Says
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as …
POSTED JULY 01, 2026 9:47 AM |
People Moves: Gerger Named CEO of Big I Illinois
The board of directors of Big I Illinois named Brett Gerger CEO, effective July 1. Gerger, who has served as director of education and agency resources with Big I Illinois since 2019, succeeds Phil Lackman, who is retiring after 31 …
POSTED JULY 01, 2026 5:49 AM |
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