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INSURANCE NEWS
FAA Imposes Restrictions on Some Landings at San Francisco Airport
The Federal Aviation Administration said on Tuesday that it was imposing new safety restrictions at San Francisco International Airport that will limit some landings and lead to significant delays. The FAA said the airport will experience delays due to a …
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force
Farmers Insurance has announced a plan to grow its agency force over the next year, and expects to appoint nearly 1,700 new agency owners—one of the largest single-year expansions in Farmers’ history. The recruitment drive is aimed at fueling organic …
5 Killed in Train-Van Collision in Mississippi
Five people were killed when a train and van collided in rural Mississippi, near Wiggins, authorities said. All five killed were in the van, Stone County Coroner Wayne Flurry said. The lone surviving van passenger, a 23-year-old woman, was flown …
US Appeals Court Upholds Decision to Dismiss Boeing Criminal Case
A U.S. appeals court on Tuesday upheld a ruling by a lower court to approve the Justice Department decision to dismiss a criminal case against Boeing, which allowed the planemaker to avoid prosecution on a charge stemming from two fatal …
Axios Software Tool Used by Millions Compromised in Hack
Axios, a tool widely used to develop software applications, was compromised overnight, introducing a vulnerability in a key part of the internet’s plumbing. An unknown hacker was able to breach one of the few accounts that can release new versions …
Florida’s Hatcher Insurance Group Acquires Benefits Firm, Moves to New HQ
Orlando-based Hatcher Insurance Group, part of Unison Risk Advisors for almost a year, has expanded its employee benefits practice with the acquisition of Level 3 Benefit Advisors. The Level 3 firm, founded in 2021, is based in Winter Park. Founder …
People Moves: Galaviz Succeeds Patriot Growth Founder Gardner as CEO
Pennsylvania-based insurance brokerage Patriot Growth Insurance Services announced the appointment of John Galaviz as chief executive officer. Galaviz succeeds Matt Gardner, who founded Patriot Growth in 2019, as CEO. Gardner has left the company to pursue other opportunities, according to …
District of Columbia AG Wins $530K, Seeks $600K More From Bad Drivers From Maryland and Virginia
District of Columbia Attorney General Brian L. Schwalb announced that the District has won judgments in nine lawsuits that will cost 14 drivers from Maryland and Virginia a total of $531,192 in unpaid fines, penalties and fees for traffic citations. …
How California’s Ambitious Car Pollution Rules Made Everyone’s Air Cleaner
Cars on the road today are 99% cleaner than they were in 1970. Air quality in the United States is much, much better as a result. In Los Angeles, where I live, lead levels in the air were 50 times …
Moynihan Named CEO of Marsh Management Consulting and Oliver Wyman
Marsh announced Ted Moynihan will become president and CEO of Marsh Management Consulting and Oliver Wyman, effective April 1. He will succeed Nick Studer, who earlier this month was appointed president and CEO of Marsh Risk. Moynihan will serve on …
European Watchdogs Review How Insurers Value Private Credit
European insurance watchdogs are taking a closer look at how the industry values its investments in private credit amid widespread concerns about the asset class. Authorities in France and Germany are among those to recently step up their scrutiny, according …
Sole Proprietor Need Not Notify Insurer of Injury by Deadline for Workers’ Compensation
The Pennsylvania Supreme Court has concluded that an individual who is the sole owner and employee of a business is not required to provide his insurance carrier with notice of his work-related injury within 120 days to qualify for workers’ …
