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Fire Forces Philadelphia Energy Solutions to File for Bankruptcy Again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on …

POSTED JULY 22, 2019 1:05 PM
AIG Names Ling Chief Human Resources Officer
American International Group has named Karen L. Ling as executive vice president, chief human resources officer. Ling will lead AIG’s global human resources department and be responsible for aligning AIG’s talent strategy with the company’s long-term strategic, operational and financial …

POSTED JULY 22, 2019 12:59 PM
Safety Rules Proposed After Child Dies in Grease Trap at New York Restaurant
The death of a 3-year-old boy in a restaurant’s underground grease collection tank has prompted two state lawmakers to draft new safety legislation. Police say the child fell through an unsecured plastic cover over a grease trap behind a Tim …

POSTED JULY 22, 2019 12:49 PM
Court Orders New Jury to Review $1.8M Award in New Jersey Transit Bus Attack
New Jersey Transit may not be solely responsible for a $1.8 million jury award to a woman injured when a fellow bus passenger hit her with a bottle, a court has ruled. A state appeals court ruled this week that …

POSTED JULY 22, 2019 12:47 PM
Paris Court Rejects Compensation Claim from 1994 Estonian Ferry Disaster
A Paris court rejected a compensation claim Friday related to the 1994 sinking of an Estonian ferry, which remains one of Europe’s deadliest maritime disasters. The court ruled on the claim from more than 1,000 survivors and relatives of victims …

POSTED JULY 22, 2019 12:17 PM
U.S. Criminally Charges Ohio Opioid Distributor with Profiting from Epidemic
An Ohio drug wholesale distributor and two former executives on Thursday were charged with profiting from the U.S. opioid epidemic by selling millions of pills despite signs the addictive drugs were being misused. Federal prosecutors in Cincinnati charged Miami-Luken Inc. …

POSTED JULY 22, 2019 12:15 PM
Equifax’s $700 Million Data Breach Settlement Includes $300 Million for Consumers
Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The largest-ever settlement for a data breach draws to a …

POSTED JULY 22, 2019 11:24 AM
RSA Taps AXA’s Rueegg as Middle East CEO; Other Executives Promoted in Region
RSA Insurance has appointed Martin Rueegg as the new chief executive of the Middle East and United Arab Emirates (UAE). Rueegg joins from AXA where he was general insurance managing director for Hong Kong. He replaces Lloyd East who moves …

POSTED JULY 22, 2019 11:06 AM
Liberty Specialty Forms Cyber Centre of Excellence; Rigby Named Chief Cyber Officer
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jon Rigby to the newly created role of chief cyber officer. He will report to Peter Smith, executive underwriting officer. Rigby will be based in London and takes …

POSTED JULY 22, 2019 10:07 AM
Legacy Acquisition Firm DARAG Buys UK Insurer, The Underwriter
DARAG Group Ltd., a Malta-based legacy acquirer, announced the acquisition of The Underwriter Insurance Co. Ltd., a UK-based insurer in run-off. The transaction will be completed through DARAG Deutsche Versicherungs-und Ruckversicherungs-AG, DARAG’s German carrier. The acquisition is subject to regulatory …

POSTED JULY 22, 2019 9:47 AM

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