A judge has rejected an attempt by the state of Georgia and a local development agency to force people who unsuccessfully sued to block an electric vehicle plant to pay the government’s legal fees. State government and the development authority …
Category: Insurance Journal
West Virginia Approves More Mining in Area Residents Say Is Already Contaminated
In 2023, dirty mine water gushed out of the ground behind James Christian’s home, flooding his yard in Wyoming County, West Virginia. Sinkholes formed, a strong sulfur-like odor lingered in the air and oily sheens began coating the creek. Residents …
Rolling Stone, Billboard Owner Penske Sues Google Over AI Overviews
The owner of Rolling Stone, Billboard and Variety sued Google on Friday, alleging the technology giant’s AI summaries use its journalism without consent and reduce traffic to its websites. The lawsuit by Penske Media in federal court in Washington, D.C., …
Markets/Coverages: MGA Arrow Launches Tech E&O Practice With Bridgehaven Capacity
Arrow Risk Management, the London-based specialist MGA underwriting platform, announced a strategic partnership with Bridgehaven Specialty UK Ltd. to launch its tech E&O underwriting practice. The practice will be led by Graeme King, who is one of the most highly …
People Moves: AXA XL Promotes Smyth as Global Chief Underwriting Officer, Casualty; Liberty Specialty Markets Taps Zurich’s Weigel as Head of Multinational, Europe
This edition of International People Moves details appointments at AXA XL and Liberty Specialty Markets (LSM). A summary of these new hires follows here. AXA XL Promotes Smyth as Global Chief Underwriting Officer, Casualty AXA XL has appointed Donnacha Smyth …
North Korean Hackers Used ChatGPT to Help Forge Deepfake ID
A suspected North Korean state-sponsored hacking group used ChatGPT to create a deepfake of a military ID document to attack a target in South Korea, according to cybersecurity researchers. Attackers used the artificial intelligence tool to craft a fake draft …
People Moves: PIA New York Elects Officers; Bartow Elected President
Dix Hill, New York insurance agent Jason Bartow, AAI, CPIA, TRA, has been elected president of the Professional Insurance Agents of New York State (PIANY). Bartow is commercial lines executive vice president of Eugene A. Bartow Insurance Agency Inc. and …
AMP to Pay $80 Million to Settle Class Action Over Pension Fees
AMP Ltd. has agreed to pay A$120 million ($80 million) to settle a class action alleging the financial group charged excessive fees on some pension accounts for more than a decade. The in-principle agreement relates to fees charged to members …
Catastrophe Bonds Worth $17.5 Billion Land in EU Crosshairs
Asset managers with sizable holdings of catastrophe bonds are watching to see how a recent recommendation by Europe’s markets watchdog will disrupt the status quo, with some already warning of a potential selloff. At issue is the $17.5 billion of …
XPT Expands Growth and Broker Platform with Increased Investment from B.P. Marsh
Backing accelerates XPT Specialty’s mission to recruit and empower top producers across the United States September 15, 2025 — XPT Specialty, one of the fastest-growing specialty insurance distribution platforms in the U.S., today announced that B.P. Marsh & Partners Plc …