Insurance
Slave Descendants Facing County Vote on Development of Georgia Island
DARIEN, Ga. (AP) — Descendants of enslaved people living on a Georgia island are watching anxiously Monday evening as county commissioners consider doubling the maximum size of houses that can be built in their tiny community of modest homes and …
Read More People Moves: RT Specialty Promotes Mitchell to President of Workers’ Comp Practice; Wu Joins Axis as Head of N.A. Specialty Markets Distribution
RT Specialty Promotes Mitchell to President of Workers’ Compensation Practice RT Specialty promoted Jim Mitchell to national workers’ compensation practice president. Mitchell has been with RT Specialty since 2020, joining with the acquisition of All Risks, Ltd., where he was …
Read More Maine Lighthouse Closed After Walkway Collapse That Injured 11
A lighthouse that was the site of a walkway collapse that injured 11 people will remain closed for an undetermined amount of time, according to the group that maintains the structure. The wooden walkway at Doubling Point Lighthouse in Arrowsic …
Read More Insurer Mapfre Faces Class Actions Over Data Breach
Two proposed class actions have been filed in federal court in Massachusetts against Mapfre U.S.A. Corp. and its affiliate Commerce Insurance Co. over a recent data breach that one of the lawsuits contends may have exposed customer data for more …
Read More The SEC’s New Disclosure Rules and Cyber, D&O Coverage
The U.S. Securities and Exchange Commission in July adopted rules that require public companies to disclose certain information about their cyber risk. The rules, originally proposed in March 2022, not only require disclosure within four days of any cybersecurity incident …
Read More Global Companies to Increase Security Spending as Threats Rise: Survey
Almost half of security chiefs at the world’s biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, fraud and the leaking of sensitive information. A …
Read More Arthur J. Gallagher & Co. Buys Bermuda-Based Frontier Financial Services Ltd.
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based brokerage, risk management and consulting services firm, announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Ltd. Terms of the transaction were not …
Read More Pair of Iowa Men Face Felony Charges for Presenting False Information in Workers’ Comp Claim
A pair of Iowa men were charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Trey Wysocki, age 40, of New Virginia was charged with one count of Insurance Fraud – Presenting False Information (Class …
Read More Ex-Chairman of Top China Insurer Given Suspended Death Sentence
China sentenced the former head of the nation’s largest life insurer to death with a two-year reprieve, as President Xi Jinping’s crackdown on corruption in the financial industry continues. Wang Bin, ex-chairman of China Life Insurance Co., was found to …
Read More UK Insurer Aviva to Sell Singlife Joint Venture Stake for $1 Billion
Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected …
Read More