Two years after a former University of California, Los Angeles, gynecologist was convicted of sex abuse and sentenced to 11 years in prison, an attorney working to prepare an appeal of the case stumbled across an astounding find for the defense counsel. A note by the jury’s foreperson, a designated spokesperson for the jury, had been sent to the judge expressing concern that one of the jurors did not have sufficient English to carry out his duties and deliberate. The juror was an alternate who was brought in after another juror had a medical issue and two days before the…
Author: Awais
Presumably, many insurers in the next couple of weeks will continue to announce very favorable quarterly and full-year earnings—the kind of numbers that could draw the attention of legislators and regulators. Asked his thoughts on the potential for the implementation of some states’ excess profit laws, Chubb CEO Evan G. Greenberg said he was “sympathetic about the issue of affordability in the United States.” “But I would be careful when politicians think about that issue of affordability, pointing to insurance as a culprit,” he told analysts during a recent conference call to discuss Chubb’s financial results for the fourth quarter…
Zurich Insurance’s bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, analysts, industry advisers and a broker said. London-listed Beazley said on Wednesday it was likely to recommend a sweetened 8 billion pound ($10.93 billion) approach from the Swiss insurer if it makes a formal offer at that price. It previously rejected multiple proposals from the company. Should the deal go through, Zurich will gain a substantial footprint in the historic Lloyd’s of London insurance market and widen its exposure to high-growth…
For global insurance and reinsurance group Everest, the Mt. Logan Re third-party capital vehicle is starting off the year strong, with its assets under management surpassing $2.5 billion as of January 1, 2026, and according to Everest’s President and CEO, Jim Williamson, the vehicle is expected to take on a more prominent role in the firm’s capital mix over time. Williamson, who spoke earlier today during the firm’s fourth-quarter earnings call, highlighted in his opening remarks how Everest’s third-party capital vehicle continues to perform well and gain traction across the market. “Our Mt. Logan third-party capital business is also performing…
California Gov. Gavin Newsom, who is eyeing a presidential bid, has incensed both Democrats and Republicans over immigrant health care in his home state, underscoring the delicate political path ahead. For a second year, the Democrat has asked state lawmakers to roll back coverage for some immigrants in the face of federal Medicaid spending cuts and a roughly $3 billion budget deficit that analysts warn could worsen if the artificial intelligence bubble bursts. Newsom has proposed that the state not step in when, starting in October, the federal government stops providing health coverage to an estimated 200,000 legal residents —…
The $4.3 million payment that Ohio-based FirstEnergy made to veteran lawyer and lobbyist Sam Randazzo in 2019, shortly before he was appointed as the state’s top utility regulator, is at the center of the latest criminal trial to get underway in a sweeping $60 million bribery scandal. Prosecutors allege that then-FirstEnergy Corp. CEO Chuck Jones and then-FirstEnergy Services Corp. Senior Vice President Michael Dowling played roles in orchestrating the hefty payout to Randazzo in exchange for regulatory and legislative favors he would later deliver to the company. Both men have pleaded not guilty to felony corruption charges, denying all wrongdoing…
How do you make E&S work no matter what the market conditions are? Transparency is the key. That’s according to Monarch E&S president Yiana Stavrakis, who also dives into how to talk to clients and break difficult news. In addition, she looks at AI’s role going forward.
Kyle Goedeke XPT Specialty, headquartered in Plano, Texas, hired Kyle Goedeke as an underwriter/broker. Goedeke has nearly a decade of experience across wholesale brokerage, underwriting, and excess and surplus (E&S) line placements. In his role at XPT Specialty, Goedeke will underwrite and place a wide range of commercial P&C binding business, with a focus on owners, landlords & tenants (OL&T), hospitality, and habitational risks. He will work closely with retail agents to structure and place coverage for complex property and liability exposures. Topics Agencies Excess Surplus Underwriting Was this article valuable? Yes No Here are more articles you may enjoy.…
Chief Executive Officer Damian Ely (pictured on the left) said the phased build began in 2024, with a 70-strong global aviation claims team operating across the UK, Asia, China, the Middle East, the US, and Latin America. The success of that model laid the groundwork for expansion into marine and energy, where Ely and Hagan joined Sedgwick in early 2025 to accelerate development.
A federal judge declared unconstitutional a 2021 law restricting state investments in companies seeking to rely less on fossil fuels or boycott that industry. In a decision made public on Wednesday, U.S. District Judge Alan Albright said the law violated First Amendment free speech protections because it punished businesses for speaking about fossil fuels and associating with organizations that oppose fossil fuels. The Austin, Texas-based judge also called the law known as Senate Bill 13 “facially overbroad” and “unconstitutionally vague,” saying it invites and has already led to discriminatory enforcement. “SB 13’s definition of ‘boycott energy companies’ permits the state…
Kristen Hanneman made a small decision in 2022 that would upend life for her entire town. State scientists were checking private drinking water wells across Wisconsin for a widely used family of harmful chemicals called PFAS. They mailed an offer to test the well outside her tidy farmhouse surrounded by potato farms cut out of dense forest. Without much thought, she accepted. Months later, Hanneman found herself on the phone with a state toxicologist who told her to stop drinking the water — now. The well her three kids grew up on had levels thousands of times higher than federal…
Six people aboard a private business jet registered to the same address as a prominent Houston law firm were killed on Jan. 25 when the jet crashed on takeoff in Bangor, Maine. Local officials on Tuesday named four victims. The plane, a 2020 Bombardier CL 600, was registered at the address of Arnold & Itkin law firm, a well-known personal injury firm co-founded by Kurt Arnold and Jason Itkin, both University of Texas School of Law graduates. Tara Arnold, an attorney for the firm and wife of Kurt Arnold, were among those killed, Bangor police officials said Tuesday. In total,…
Seventeen additional former N.C. State male athletes have joined a state lawsuit alleging sexual abuse under the guise of treatment and harassment by the Wolfpack’s former director of sports medicine, pushing the total number to 31 in a case that began with a federal lawsuit from a single athlete more than three years ago. The complaint filed in Wake County Superior Court late last week expands a case alleging years of misconduct by Robert L. Murphy Jr., including improper touching of the genitals during massages and intrusive observation while collecting urine samples during drug testing. All but two of the…
Ryan Specialty, the international specialty insurance intermediary, announced the appointment of Stephen Stewart as chief executive officer of Ryan Specialty Canada Ltd., the newly formed Canadian operating and holding entity for Ryan Specialty’s underwriting management businesses in Canada. Stewart will hold his new role as CEO of Toronto-based Ryan Specialty Canada in addition to his current position of president and CEO of Stewart Specialty Risk Underwriting, a Ryan Specialty managing general underwriter. With the formation of its Canadian holding entity, Ryan Specialty completes the amalgamation of its Canadian operations, including the Canadian operations of the following managing general underwriters: Alive…