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French cosmetics giant L'Oréal and its insurers have sued a logistics and facilities company after they paid out for a hoard of stolen beauty products, saying that lapsed warehouse security systems at the firm's site were to blame for the heist. ....
U.S. courts were deluged with maritime cases after the financial crisis there were a lot of debts to collect. A decade later, the docket is far less active, but even so, 2021 had its share of legal confrontations. Here’s a sample of this year’s court action: Container line gets phished Cybercrime is an ongoing . ....
A London judge ordered the arrest and two-year imprisonment of an underwriter in a dispute with an AXA XL unit, saying the absence of Paul Alan Corcoran from a hearing in civil litigation involving Britain's tax authority helped guide her contempt ruling. ....
ADVERTISEMENT UK XL Underwriter Found In Contempt, Gets 2-Year Sentence Law360 (May 28, 2021, 4:51 PM EDT) A U.K. judge ordered the arrest and two-year imprisonment of an underwriter for an AXA XL unit, saying the absence of Paul Alan Corcoran from a hearing in civil litigation involving Britain s tax authority helped guide her contempt ruling. Wednesday s decision by High Court Judge Sara Cockerill followed an April hearing at which a lawyer for the unit, XL Insurance Co. SE, urged the punishment for Corcoran. He is the director and sole shareholder of Ipors Underwriting Ltd., and both are defendants in the company s suit. ....
People Moves: Liberty Specialty Promotes Warren; GC FAC’s Smith to Miller; Everest’s Geddes to MS Amlin; Pro Global Hires; Generali Promotions April 21, 2021 A summary of these new hires follows here. Jane Warren Jane Warren as active underwriter for LSM. Warren reports to Phil Hobbs, deputy managing director and chief underwriting officer for LSM. Warren is based in London and takes up the new role with immediate effect. Warren takes over the role from Peter Smith, who recently moved to an expanded role with Liberty Mutual Re. As LSM’s active underwriter, she will be responsible for managing Lloyd’s Syndicate 4472, leveraging the future changes at Lloyds to benefit customers and clients. ....