Insurance
People Moves: Society Insurance Promotes Haase and Saldana on Executive Team
Society Insurance, headquartered in Fond du Lac, Wis., named Ryan Haase as vice president – change management and marketing and Dennis Saldana as vice president – chief sales and underwriting officer on its executive team. Haase joined Society Insurance in …
Read More Higher Auto Claims, More Frequent Accidents Continue to Outpace Premium Hikes
As claim severity rises, US personal auto results are on the decline, according to AM Best’s latest Market Segment Report. The 112.2 net combined ratio in 2022 for personal auto was an almost 11-point deterioration from 101.5 in 2021, and …
Read More Insurance Council of Texas’ Tips for Prioritizing Holiday Safety and Security
With Christmas and New Year’s around the corner, the Insurance Council of Texas is providing Texas with tips to protect themselves, their homes and their vehicles this holiday season. ITC reminds Texans that with an increase in festive activities, shopping, …
Read More Iowa Bail Bondsman Pleads Guilty to Insurance Fraud
An Iowa bail bondsman has pled guilty to insurance fraud and identity theft. David Mark Ellis of Spring Hill, Iowa, pled guilty in Polk County District Court to two counts of Identity Theft (Aggravated Misdemeanors) and one count of Insurance …
Read More Florida Trial Lawyer State Rep Offers Condo ACV Bill as Solution to Costs
A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep. Hillary Cassel, D-Dania …
Read More People Moves: DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit; Chubb’s Overseas General Insurance Names Spagnoli as Head of Consumer Lines
This edition of International People Moves details appointments at DUAL France and Chubb’s Overseas General Insurance unit. A summary of these new hires follows here. DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit DUAL Europe, the specialist …
Read More GEICO Charges Queens Pharmacy, Medical Clinics With $3.7M in Prescription Fraud
Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault insurance system by submitting more than $3.7 million in fraudulent pharmaceutical …
Read More SEC Says Its Binance Case Should Advance Despite DOJ Settlement
The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange. Despite not being part of the agreement, the SEC …
Read More UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown
Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Authority (CMA) said it is seeking to …
Read More California Faces Record $68B Budget Deficit, Legislative Analyst Says
California is facing a record $68 billion budget deficit, state officials announced, forcing hard choices for Democratic Gov. Gavin Newsom in his final term as he works to build his national profile. The nation`s most populous state, with an economy …
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