Insurance

SES Risk Solutions, headquartered in Irvine, Calif., named Shaun Shenouda president. Shenouda takes over the role from Bill Mecklenburg, who recently assumed leadership of Alliant Underwriting Solutions as senior managing director. Shenouda previously served as chief operating officer of SES. …

The U.S. Geological Survey (USGS) reported that a small 1.7 magnitude tremor occurred near the Astoria, Queens area of New York at about 5:45 a.m. on Tuesday January 2. The epicenter of the quake was about a half mile from …

Louisiana Insurance Commissioner Jim Donelon has approved a 9% reduction in workers’ compensation rates for 2024. The decrease will take effect in May 2024. Louisiana has seen workers’ compensation rates fall over the last two decades. Rates have had a …

The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss of US$5.8 billion, the largest ever cat loss for the Turkish insurance market, according to CRESTA, the Zurich …

ReSource Pro, an operations provider to insurance organizations, announced its acquisition of Texas-based Helix Agency Services LLC, a provider of managed technology services for insurance agencies and brokers in the property and casualty marketplace. Helix’s capabilities include system administration, data …

A divided Ohio Supreme Court on Thursday drew a bright line around the state’s statute of repose for medical malpractice claims, ruling in separate cases that an absolute four-year deadline to bring an action applies to both wrongful death claims …

DETROIT (AP) – A pair of former Detroit Tigers scouts sued the team, alleging age discrimination over their terminations after the 2020 season. Gary Pellant and Randall Johnson filed the suit Thursday in U.S. District Court in Detroit, claiming a …

MINNEAPOLIS (AP) – A Minnesota woman has sued her dentist after receiving four root canals, eight dental crowns and 20 fillings in a single visit that she says led to her disfigurement. Kathleen Wilson filed the lawsuit last week in …

Georgia authorities last week announced the arrest of a contractor charged with underreporting payroll and defrauding Liberty Mutual Insurance Co. of more than $9 million in premiums. Jose Martinez, 56, of Grayson, was charged with insurance fraud after an investigation …

AM Best has downgraded the financial strength rating of JRG Reinsurance Co. to “B++” (Good) from “A-” (Excellent) and its long-term issuer credit ratings to “bbb+” (Good) from “a-” (Excellent). Concurrently, AM Best has placed JRG Re’s credit ratings under …