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Minnesota Medical Staff Company Ordered to Pay $336K in Back Wages

Insurance Journal

A Minnesota medical staffing company will pay $336,000 in back wages to nearly 1,000 employees after an investigation found the company charged its workers fees for missed or cancelled shifts. The Minnesota Department of Labor and Industry (DLI) has...

Posted: Jul 26, 2024

Painting Contractor Cited by OSHA After Worker Falls 80 Feet from Water Tower

Insurance Journal

A New Jersey contractor whose employee fell 80 feet to the bottom of a Bayville water tower has been cited by the federal Occupational Safety and Health Administration (OSHA) for allegedly failing to provide required safety equipment that could have...

Posted: Jul 26, 2024

California Indoor Worker Heat Protections OK’d and in Effect

Insurance Journal

California’s indoor heat protections were approved and went into effect this week. The rules apply to most indoor workplaces. Employers are required to adopt safety measures that go into effect in most cases when indoor temperatures reach 82°F...

Posted: Jul 26, 2024

PCF Acquires Texas’ Montalvo Insurance Agency

Insurance Journal

PCF Insurance Solutions announced it has acquired the insurance business of Weslaco, Texas-based Montalvo Insurance Agency. Montalvo offers personal and commercial insurance coverage including homeowners, auto, general and professional liability, wor...

Posted: Jul 25, 2024

US DOJ Sues Allstate’s Nation General, Alleging Force-Place Car Insurance ‘Scheme’

Insurance Journal

Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto...

Posted: Jul 25, 2024

Allstate’s Nation General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’

Insurance Journal

Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegation that National General and subsidiaries “engaged in a scheme to defraud customers” by putting its insurance product onto...

Posted: Jul 25, 2024

Senate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power

Carrier Management

Senate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power Democratic U.S. senators on Tu...

Posted: Jul 25, 2024

Cowbell Secures $60 million Series C Funding from Zurich Insurance Group

IIR

The company will scale up operations to advance global SME cyber adoption, using the capital to fuel growth with new products, geographies and resilience services.

Posted: Jul 25, 2024

Does a CGL Cover a Golf Cart Used on a University Campus?

IA Magazine

A nonprofit wants to use a golf cart, which is not required to be licensed in the state, to travel around a university campus. Is the golf cart considered an auto or mobile equipment?

Posted: Jul 25, 2024

Journey From Software to SaaS: Alec Miloslavsky, CEO, EIS

IIR

Miloslavsky discusses the current insurance technology market and its challenges, and how EIS’s journey to SaaS positions the company for continued success.

Posted: Jul 25, 2024

Kevin Bryant Appointed to Lead National Public Entity Industry Practice at Marsh

Risk & Insurance

The latest people news in the industry today. The post Kevin Bryant Appointed to Lead National Public En...

Posted: Jul 25, 2024

Liberty Mutual appoints Julie Haase to EVP and CFO

coverager

The company's current Executive Vice President and Chief Financial Officer Chris Peirce announced he will retire at the end of 2024.

Posted: Jul 25, 2024

New Appointments Announced for Tokio Marine HCC – Specialty Group

Risk & Insurance

The latest people news in the industry today. The post New Appointments Announced for Tokio Marine HCC – Specialty...

Posted: Jul 25, 2024

Study Finds Link Between Mass Layoffs and Data Breaches

Carrier Management

Study Finds Link Between Mass Layoffs and Data Breaches A new study suggests there may be a correlation...

Posted: Jul 25, 2024

Uber, Lyft, DoorDash Prevail in California Gig-Worker Ruling

Insurance Journal

Uber Technologies Inc. and Lyft Inc. can keep classifying California drivers as independent contractors, after the state’s top court said a company-backed law passed by voters doesn’t wrongly curtail the legislature’s power over wor...

Posted: Jul 25, 2024

New Mexico Woman Pleads Guilty to Armed Robbery of Gallup Insurance Agency

Insurance Journal

A New Mexico woman pleaded guilty in federal court for an armed robbery of a Gallup insurance agency. Amber Yazzie, 29, of Gamerco, pleaded guilty to robbery and federal firearms charges for her role in the armed robbery of C …

Posted: Jul 25, 2024

CrowdStrike Outage Insured Losses Could Reach $1.5B

Carrier Management

CrowdStrike Outage Insured Losses Could Reach $1.5B Global insured losse...

Posted: Jul 25, 2024

Executives on the Move at Liberty Mutual

Carrier Management

Executives on the Move at Liberty Mutual Liberty Mutual Insurance announced that Julie Haase has been named executive vice president and chief financial officer, effective Jan. 1, 2025, replacing Christopher Peirce, who will retire at the ...

Posted: Jul 25, 2024

AM Best Puts SCOR’s Credit Ratings Under Review After L&H Reserve Announcement

Insurance Journal

AM Best has placed the credit ratings of SCOR, the Paris-based reinsurer, under review with developing implications. The ratings were placed under review as a result of SCOR’s July 15 publication of an update on its second-quarter 2024 and full...

Posted: Jul 25, 2024

People Moves: Marsh Promotes McKay as UK Advisory Leader; BHSI Launches Surety in Spain, Led by Barb...

Insurance Journal

This edition of International People Moves details appointments at Marsh, Berkshire Hathaway Specialty Insurance (BHSI) and the re/insurer IQUW. A summary of these new hires follows here. Marsh Promotes McKay as UK Advisory Leader Marsh, the insuranc...

Posted: Jul 25, 2024

It’s an exciting time to be a reinsurer, says RenRe CEO O’Donnell

Reinsurance News

Bermuda-based reinsurer RenaissanceRe (RenRe) is “delighted” with the state of the market, and with demand for coverage on the rise in an increasingly stable market, it’s a good time to be a reinsurance company, according to the...

Posted: Jul 25, 2024

Cambridge Mobile Telematics Announces New Tokyo Office

coverager

Local CMT office brings global telematics expertise to Japan July 25, 2024, Tokyo, Japan — Cambridge Mobile Telematics, the world’s largest telematics service provider, today announced that it has opened...

Posted: Jul 25, 2024

Travelers introduces Quantum Boat 2.0

coverager

Quantum Boat 2.0 broadens customer eligibility.

Posted: Jul 25, 2024

SentinelOne introduces new insurance initiative

coverager

The company is launching a new program to help insurers secure their clients’ networks with "the world’s most advanced AI security platform."

Posted: Jul 25, 2024

ChoiceOne announces pricing of common stock offering

coverager

ChoiceOne expects to close the offering, subject to customary conditions, on or about July 26, 2024.

Posted: Jul 25, 2024

Twelve Capital and Securis announce merger

coverager

Financial terms are not disclosed.

Posted: Jul 25, 2024

Outlook Positive, AI Use on the Rise for Independent Agents, Says Nationwide

Insurance Journal

Despite challenges posed by inflation, market volatility and rapidly changing technologies, independent agents remain positive about their businesses and report more optimistic perceptions of national business conditions than in 2023. The recent Nati...

Posted: Jul 25, 2024

Explosion and Fire Hit Tequila Factory in Mexico, Killing at Least 5 Workers: Officials

Insurance Journal

An explosion and fire erupted inside a tequila factory Tuesday, killing at least five workers and injuring two others at the site in the liquor’s namesake town in Jalisco state, Mexican authorities said. The state Civil Protection agency announ...

Posted: Jul 25, 2024

Julie Haase to succeed Chris Peirce as Liberty Mutual EVP and CFO

Reinsurance News

Liberty Mutual Insurance has announced the appointment of Julie Haase as Executive Vice President and Chief Financial Officer, effective Jan 1, 2025. She will be taking over the role from Chris Peirce, the company’s current EVP and CFO, as he is t...

Posted: Jul 25, 2024

Boeing Completes Deal to Plead Guilty Over 737 Max Crashes

Insurance Journal

Boeing Co. has completed an agreement with the US government to plead guilty to criminal conspiracy in connection with two fatal crashes of its 737 Max jetliner, setting the stage for a possible courtroom confrontation with relatives of those who &#8...

Posted: Jul 25, 2024