Insurance Journal
This edition of People Moves details appointments at the broker Lockton and the managing general agent CFC Underwriting. A summary of these new hires follows here. Lockton Promotes 5 Key Leaders Into Global Roles Lockton, the independent, privately h...
Posted: May 03, 2023
Louisiana Insurance Commissioner James Donelon on Tuesday issued $2 million in fines against McClenny Moseley & Associates and three of its partners, the maximum amount allowed by law. “The illegal insurance scheme perpetrated by McClenny M...
Posted: May 03, 2023
Hunter Joins Lockton Re in New Stamford Location Jaimie Hunter has joined Lockton Re as a senior broker supporting client development with a focus on casualty business in North America. Hunter will be based in Lockton Re’s new Stamford, Connect...
Posted: May 03, 2023
Richmond National Group, Inc., a specialty excess and surplus lines insurance company, said it will invest $350,000 to expand its headquarters in Virginia’s Henrico County. The company said it will add 7,200 square feet of office space to its e...
Posted: May 03, 2023
Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio launches with an ambition to at...
Posted: May 03, 2023
Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s so-called “Don’t Say Gay” bill, Disney World’s governing board – made up of Gov. Ron De...
Posted: May 03, 2023
Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams. Since March, the soc...
Posted: May 03, 2023
A former Florida college administrator has been sentenced to one year and three months in federal prison for defrauding the school out of $155,000 during a website redesign project. Brian Carroll, 47, of New Market, Tennessee, was sentenced Monday in...
Posted: May 03, 2023
Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. A subsidiary of Robinhood Market...
Posted: May 03, 2023
A bride leaving her wedding reception was killed when a woman driving under the influence and well over twice the speed limit slammed into the back of a golf cart on a South Carolina beach road, authorities said. Data retrieved …
Posted: May 03, 2023
wefox, the Berlin-based insurtech, has launched a global affinity business, which increases its existing distribution channel and extends the ability of the company to deliver insurance solutions through partners. This core business vertical is part...
Posted: May 03, 2023
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG will pay AIG $240 million in c...
Posted: May 03, 2023
A Barclays banker, one of three men of Cameroonian background to sue the bank in a joint London claim, alleges he has felt pigeonholed as an “aggressive Black man” in a lawsuit seeking almost 15 million pounds ($19 million) in …
Posted: May 03, 2023
When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff from the scandal-prone former rival through what Chairman Colm Kelleher dubbed a “culture filter” to weed out potential bad apples...
Posted: May 03, 2023
ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed last week in …
Posted: May 03, 2023
The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort to crack down on fraud, which costs the country around £7 billion ($8.7 billion) a year. Announcing its new fraud …
Posted: May 03, 2023
The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in a new Aon report reveals. Aon’s Quarterly D&...
Posted: May 03, 2023
In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for cyber coverage, some buyers renewing those coverages this spring won’t see their insurance bills incr...
Posted: May 03, 2023
DIVERNON, Ill. (AP) – A windstorm in central Illinois kicked up dangerous clouds of blinding dust off farm fields Monday, causing numerous crashes that killed at least six people on Interstate 55, police said. The late morning crashes involved...
Posted: May 03, 2023
Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 billion, according to a new market segment report re...
Posted: May 03, 2023
OMAHA, Neb. (AP) – The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment like bone saws has continued to lose contracts with the major meat producers s...
Posted: May 03, 2023
OMAHA, Neb. (AP) – The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment like bone saws has continued to lose contracts with the major meat producers s...
Posted: May 03, 2023
Climate change-driven heat waves are impacting everything from nuclear reactors in France to glaciers in Pakistan. As millions of people around the world are forced to cope with more stifling temperatures, some are turning to hacks like air-condition...
Posted: May 03, 2023
Climate change-driven heat waves are impacting everything from nuclear reactors in France to glaciers in Pakistan. As millions of people around the world are forced to cope with more stifling temperatures, some are turning to hacks like air-condition...
Posted: May 03, 2023
More rich and more poor residents will qualify for home-hardening grants under an expanded My Safe Florida Home measure approved by lawmakers. House Bill 881, if signed into law, will raise the wind-mitigation grant level for low-income Florida homeo...
Posted: May 03, 2023