TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions; MGA Augmented Names Overall From Atrium as Head of Underwriting

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This edition of International People Moves details appointments at the specialty insurer Tokio Marine Kiln and the MGA Augmented UW. A summary of these new hires follows here. TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions Tokio Marine Kiln (TMK), a Lloyd’s specialist insurer, announced the appointment of Cesar Silvestre as head of … Read more

CVS Settles for $18.2M Over California False Claims Act Violations

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CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between 2010 and 2021, CVS submitted pharmacy claims to Medi-Cal using false electronic certifications that certified … Read more

Trump’s FEMA Chief Resigns After 6 Months, Washington Post Says

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The Trump administration’s top official at the Federal Emergency Management Agency is departing his post after about six months on the job, according to the Washington Post. David Richardson resigned on Monday as FEMA’s acting head, the newspaper reported, citing people familiar with the matter. Richardson has served as the senior official performing the duties … Read more

Arkansas-Based Restaurant Chain to Pay $300K to Settle Sexual Harassment Lawsuit

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Simply Slims, L.L.C., doing business as Slim Chickens, will pay $300,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Headquartered in Fayetteville, Arkansas, Slim Chickens is a fast-casual restaurant with more than 200 locations; franchisee operator Simply Slims, L.L.C. owns … Read more

Kansas County to Pay $3M and Apologize Over a Raid on a Small-Town Newspaper

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TOPEKA, Kan. (AP) — A rural Kansas county has agreed to pay a little more than $3 million and apologize over a law enforcement raid on a small-town weekly newspaper in August 2023 that sparked an outcry over press freedom. Marion County sheriff’s officers were involved in the raid on the Marion County Record and … Read more

BHP Liable for 2015 Brazil Dam Collapse, UK Court Rules, in Mammoth Lawsuit

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BHP is liable for the 2015 collapse of a dam in southeastern Brazil, London’s High Court ruled on Friday, in a lawsuit the claimants’ lawyers previously valued at up to 36 billion pounds ($48 billion). Hundreds of thousands of Brazilians, dozens of local governments and around 2,000 businesses sued BHP over the collapse of the … Read more

Insurers Paid Nearly £200 Million in Cyber Claims for UK Businesses in 2024

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Insurers paid £197 million (US$259.2 million) in cyber claims in 2024 for UK businesses – a 230% increase, or £138 million (US$181.6 million) more than in 2023, according to the Association of British Insurers (ABI). Malware and ransomware alone accounted for 51% of all claims, up from a total of 32% of all claims in … Read more

Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO

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John Neal’s tenure at American International Group (AIG) is over before it began. The former CEO of Lloyd’s of London and AIG reached a “mutual agreement” that he would not join the company due to “personal circumstances,” according to a brief filing with the U.S. Securities and Exchange Commission. John Neal Neal was slated to … Read more

Coal Miners’ Respirator Claims Barred by Statute of Limitations, WV Supreme Court Finds

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A group of coal miners with lung disease waited too late to sue 3M Corp. and other respirator manufacturers and suppliers, the Supreme Court of West Virginia said this month in upholding lower courts’ findings that the statute of limitation on product liability had long since passed. The court cited previous court rulings that have … Read more

All 14 Victims Identified in UPS Cargo Plane Crash in Louisville

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A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business. They were among the 14 people who died in the fiery crash of a UPS plane in Louisville last week. Their names were released Wednesday as Mayor Craig Greenberg lamented the lives that … Read more