Industry News

Insurance Journal

Fairfax Announces Death of CFO Bonham; Varnell Named Interim CFO

May 22, 2019 Fairfax Financial Holdings Ltd. announced that, David Bonham, vice president and chief financial officer of Fairfax, died suddenly this past weekend....

Oil Tankers in the Persian Gulf Face Highest Risk Since 2005

May 22, 2019 Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s...

Armour Group Appoints Parry from Lloyd’s as Group Chief Financial Officer

May 22, 2019 Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in...

Wood-Panel Producer Norbord Halts Mill Production Following Alberta Wildfires

May 22, 2019 Norbord Inc said on Tuesday it suspended production at its oriented strand board (OSB) mill in High Level, Alberta, to comply with evacuation...

Claims Journal

McDonald’s Revamps Its Harassment Policy

May 22, 2019 McDonald’s Corp., in the face of criticism for its handling of harassment complaints, says it’s training workers to deal with the issue and is starting a hotline for victims....

Johnson & Johnson Loses $25 Million Talc Verdict in New York

May 22, 2019 Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J...

More Evidence Welding Fumes Raise Lung Cancer Risk

May 22, 2019 Workers exposed to welding fumes are more likely to develop lung cancer than those not exposed to the fumes, and a new study suggests this holds true regardless of other risk...

Oklahoma Reels, Missouri Declares State of Emergency from Storm

May 22, 2019 Dozens of people were rescued from rising floodwaters and felled trees that smashed homes and blocked roadways in Oklahoma, as severe storms unleashing tornadoes and...

Best's Reviews

Washington Governor Signs Surprise Medical Billing Legislation

May 21, 2019 Washington Gov. Jay Inslee has signed into law a bill to end surprise medical billing. The new law protects consumers from getting a surprise bill...

Fairfax Announces ‘Sudden Death’ of Chief Financial Officer

May 21, 2019 Fairfax Financial Holdings Ltd. said David Bonham, the group’s chief financial officer, has died. Bohnam, who was also a vice president of the company...

Investment Partners Acquire Additional Shares in Broker Ardonagh

May 21, 2019 U.K.-based insurance broker Ardonagh Group is getting further financial backing as investment funds managed by Madison Dearborn Partners LLC and...

Conning VP: Labor Shortages Drive Inland Marine Losses Along With Water, Fire

May 21, 2019 Jerry Theodorou, vice president, Conning Insurance Research, said inland marine has remained an attractive insurance sector, drawing...