Insurance
Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules
Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John …
Read More Trump Picks Atkins, Ex-SEC Commissioner, to Succeed Gensler
Paul Atkins is President-elect Donald Trump’s choice to lead the US Securities and Exchange Commission, suggesting four years of relaxed policy and enforcement for crypto firms to hedge funds. Trump selected Atkins to replace outgoing Chair Gary Gensler, whose ambitious …
Read More How Vermont Community Helped One Family Recover After Floods Took Everything
The last thing John and Jenny Mackenzie saw as they fled their Vermont home with their daughters, dog and two guinea pigs last summer was their cars upended and propelled away by rushing flood waters. Minutes earlier they had abandoned …
Read More Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows
Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …
Read More Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy
The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate boardrooms, especially as the global political environment grows more unstable. Brian …
Read More Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions
Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. Financial details of the deal were not disclosed. Verlingue said this …
Read More Texas-Based Upland Expands Into Product Recall
Upland Capital Group announced it is expanding into a new market with the introduction of a Product Recall product to its portfolio. The new product focuses on product defect coverage for component parts and consumer goods as well as food …
Read More JPMorgan Bolsters Florida Bet With 300 New Jobs in Orlando
(Bloomberg) — JPMorgan Chase & Co. plans to hire 300 people in the Orlando area over the next two years, part of the largest US bank’s expansion in the South. The firm will renovate its 250,000-square-foot (23,226-square-meter) campus in central …
Read More People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity
This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln — and the managing general agent Coalition. A summary of these new hires follows here. Karmilowicz to Resign as Chair …
Read More Judge Dismisses Suit Over Savannah Outlawing Guns Left in Unlocked Cars
SAVANNAH, Ga. (AP) — A judge has thrown out a lawsuit by a Georgia gun owner who sought to challenge a Savannah city ordinance that imposes fines and potential jail time for people who leave firearms inside unlocked cars. The …
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