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INSURANCE NEWS
U.S. Agency Probes Tesla Crashes That Killed 2 Motorcyclists
Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles. The National Highway Traffic Safety Administration sent …
Bus in California Went off Highway, Injuring 24
A bus traveling from Los Angeles to Fresno crashed after it went off a highway, broke through a chain link fence and came to a rest on its side in a parking lot, injuring 24 people, authorities said. The driver …
Omaha, Nebraska to Host Insurtech on the Silicon Prairie in October
Nebraska Department of Insurance Director Eric Dunning announced that the Insurtech on the Silicon Prairie conference is back in-person and will be held on October 24 and 25. Omaha’s Holland Performing Arts Center will be the event venue. The night …
Sills Named CapSpecialty CEO as Sennott Steps Down
CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, said Jack Sennott is stepping down from his roles as CEO, president and chair, effective August 31. Alleghany has named Adam Sills, currently CapSpecialty’s head of specialty underwriting, as president and CEO. “Over …
Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment
Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining order against Alliant, accusing Gallagher of “rampant sexism, discrimination, and unfair treatment of women.” The request for a restraining …
Seattle Ending COVID Hazard Pay for Grocery Store Workers
The Seattle City Council has voted to end COVID-19 hazard pay for grocery store workers. The Seattle Times reports the council voted 5-2 on Tuesday, with Councilmembers Lisa Herbold and Teresa Mosqueda absent, to repeal a policy passed in early …
Surveillance, Posts Lead to Arrest of California Mechanic for Workers’ Comp Fraud
Richard James McGee, 47, of San Bernardino, California, was arraigned today on two felony counts of workers’ compensation insurance fraud after a California Department of Insurance investigation found he allegedly misrepresented injuries to his employer in order to receive more …
Alera Group Acquires Georgia Agency
Alera Group, an independent P/C and benefits firm, has acquired Jowers-Sklar Insurance, a Georgia-based independent agency specializing in property and casualty insurance in the Southeast. The agency serves Floyd County, Georgia, and the surrounding area, as well as clients in …
Hub Acquires Louisiana’s Bubrig
Hub International Limited announced that it has acquired the assets of Bubrig Insurance Agency, Ltd. Terms of the transaction were not disclosed. Located in Belle Chasse, Louisiana, Bubrig Insurance Agency is an independent agency providing personal insurance solutions, including home, …
PCF Acquires Professional Warranty Service of Virginia
Utah-based PCF Insurance Services (PCF) has acquired Professional Warranty Service Corp., a specialty insurance and home warranty company based in Chantilly, Virginia. Founded in 1995, PWSC provides risk management to the new home construction and property management industries. As a …
Union Mutual Invests in Vermont Solar Project
Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …
Twitter Rejects Musk’s Claims That He Was Hoodwinked
Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims …
