Insurance
Holman Acquires Texas’ Park Wood Managers
Holman, a global automotive services organization, today announced the acquisition of Plan, Texas-based Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. The addition of Park Wood Managers and the company’s portfolio of business assets allows …
Read More Unfavorable Reserve Development of $330M in January: Progressive
Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month in 2022 as gains on securities were $245.6 million from a loss of $348 million in January 2022. January net …
Read More FAA Forms Safety Review Team After Near Miss Incidents
The acting head of the Federal Aviation Administration (FAA) is forming a team of experts to review airline safety after several recent near miss incidents raised questions about the U.S. aviation system. Acting FAA Administrator Billy Nolen in a “call …
Read More Alec Baldwin Calls Part of New Mexico Movie Set Shooting Charge Unconstitutional
Alec Baldwin asked a judge in New Mexico to dismiss a five-year firearm sentencing enhancement in the charges against him, saying it is unconstitutionally based on a law passed after the shooting on the set of the film “Rust.” “The …
Read More J&J Must Face Baby Powder Suit by 24-Year-Old Dying of Cancer
Johnson & Johnson can no longer use bankruptcy to block a trial in California over claims its baby powder caused the deadly cancer of a 24-year-old man, a federal judge ruled Tuesday. The ruling is the first of its kind …
Read More OSHA Cites Tree Services Firm Over Death of 17-Year Old Worker Pulled Into Woodchipper
On a Tuesday afternoon in the summer of August 2022, federal workplace safety inspectors responded to a police report that a 17-year-old worker had died after being pulled into a woodchipper at a work site near Allentown. An Occupational Safety …
Read More Georgia Bill Would Bar Public Camping But Allows Designated Areas for Homeless
Georgia cities and counties could be compelled to enforce bans on public camping or sleeping by homeless people under a bill moving forward in the state Senate. The measure would also create a structure for the state to designate camping …
Read More BriteCo Launches Independent Agent Program
BriteCo jewelry insurance today launched its new Agent Program, which will enable independent insurance agents in the United States to offer BriteCo jewelry insurance to their clients. Per a press release, agents in the program gain access to BriteCo’s cutting-edge …
Read More Doctor Headed to Prison After Extensive Hospice Fraud in Mississippi
A Mississippi physician has been sentenced to five years in prison for healthcare fraud connected to hospice operations in the state’s impoverished Delta region. Federal prosecutors said Dr. Scott E. Nelson, 58, of Cleveland, Mississippi, was medical director for several …
Read More In Cyber Insurance, Experts Say Employee Curiosity Can Kill the Catastrophe
One of the most important things insurance companies and employees alike can do to achieve success is stay curious, experts said on this episode of The Insuring Cyber Podcast. “Make curiosity a sought after quality when interviewing for any position,” …
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