Insurance
Texas Division of Workers’ Compensation Names Posey as Deputy Commissioner of Operations and External Relations
Texas Workers’ Compensation Commissioner Jeff Nelson has announced the appointment of Matthew Posey as DWC’s new Deputy Commissioner of Operations and External Relations. Posey brings his significant legislative relations experience to this role, most recently as the Government Relations Manager …
Read More People Moves: Elevate Risk Solutions Names Ryan Ralston as CEO
Elevate Risk Solutions announced that CEO Jerry Messick is stepping down effective January 1, 2024, and will continue to serve the firm as a consultant. With the transition, Elevate’s Managing Director Ryan Ralston will be appointed President, and Serena Lintker …
Read More Here’s What’s Next for the EU’s Landmark Artificial Intelligence Act
European Union countries and lawmakers last week agreed a provisional deal for artificial intelligence rules aimed at establishing guardrails for the rapid development of AI and setting a global standard in technology regulation. The long road to the EU AI …
Read More UK at High Risk of ‘Catastrophic’ Cyberattack Affecting Critical Infrastructure: Report
The UK is at high risk of a “catastrophic” ransomware attack that could bring critical national infrastructure to a standstill and cost the country tens of billions of pounds, according to a parliamentary report. Departments responsible for national infrastructure across …
Read More Farmers Direct Asks for 20% Auto Rate Increase in West Virginia
The West Virginia Insurance Commissioner’s Office is accepting comments on a proposed 19.9% auto liability insurance rate increase for Farmers Direct Property and Casualty Insurance Co. The proposed increase is one of the latest in auto insurance price hikes across …
Read More Illinois Roofing Contractor Fined $275K for Failing to Provide Fall Protection
Federal workplace safety inspectors found a Palatine, Illinois contractor did not provide roofing employees with required fall protection, exposing them to the risk of falls from elevation, the construction industry’s leading cause of workplace deaths, the Occupational Safety and Health …
Read More Relation Insurance Acquires Kansas-Based Kane Insurance Agency
Relation Insurance Services acquired the assets of Kane Insurance Agency. The transaction went into effect on December 1, 2023 and terms of the transaction were not disclosed. Serving Illinois individuals and businesses for more than 60 years, Kane is located …
Read More Family of Chicago Woman Who Died in Hotel Freezer Accepts $10 Million Settlement
CHICAGO (AP) – The family of a Chicago woman who froze to death after she became locked in a hotel freezer has agreed to a $10 million legal settlement. Kenneka Jenkins` mother, Tereasa Martin, will receive about $3.7 million, according …
Read More Washington College Student Dies, Others Sickened in Apparent Carbon Monoxide Leak
Authorities brought in outside experts to find the source of carbon monoxide believed to have killed one student and sickened two others at a college in Washington. The experts, from a forensic engineering firm that specializes in carbon monoxide investigations, …
Read More Webster Bank to Buy Insurance Settlement Funds Administrator
Stamford, Connecticut-based Webster Bank has agreed to acquire Ametros Financial Corp., a Wilmington, Massachusetts-based custodian and administrator of medical funds from insurance claim settlements. The bank is acquiring the firm from funds managed by Long Ridge Equity Partners. Terms were …
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