Insurance
Trump Sues CNN for Defamation, Seeks $475M in Punitive Damages
Former U.S. president Donald Trump sued CNN for defamation on Monday, seeking $475 million in punitive damages and claiming the network had carried out a “campaign of libel and slander” against him. Trump claims in his lawsuit, filed in U.S. …
Read More McDonald’s Defeats Black Franchisees’ $1B Bias Lawsuit, For Now
McDonald’s Corp. has temporarily beat back a lawsuit by 52 Black former franchise owners who claim the fast-food giant set them up for failure by steering them towards crime-ridden, low-income neighborhoods. A federal judge in Chicago dismissed the 2020 lawsuit …
Read More California Tells Auto Insurers to Disclose Pandemic Profits
California’s insurance commissioner ordered nearly 50 auto insurers to provide detailed information about their claim costs during the pandemic, his latest attempt to compensate consumers he says were overcharged as traffic virtually disappeared when the nation’s largest insurance market imposed …
Read More Alabama Congressional Aide Indicted on Insurance Fraud Charges
A congressional aide in Alabama has been indicted for insurance fraud and was placed on leave from her job. Alabama news outlets reported that Sherry McCormick, an aide to U.S. Rep Barry Moore, R-Enterprise, turned herself in to the Geneva …
Read More Hilb Group Acquires New York’s Abatelli Agency
The Hilb Group reports that it acquired New York-based Abatelli Insurance Agency on Sept. 1, further expanding its presence in the tri-state area. Based in Whitestone, New York, Abatelli Insurance Agency is a third-generation family-run business that has served the …
Read More In Ian’s wake, Dangers Worsen in Parts of Florida
People kayaking down streets that were passable just a day or two earlier. Hundreds of thousands without power. National Guard helicopters flying rescue missions to residents still stranded on Florida’s barrier islands. Days after Hurricane Ian carved a path of …
Read More People Moves: Miller Launches Dedicated Bloodstock and Livestock Team, Led by WTW’s Horne; CNA Hardy Expands Teams Across Lines in Continental Europe
This edition of International People Moves details appointments at broker Miller and CNA Hardy. A summary of these new hires follows here. Miller Launches Dedicated Bloodstock and Livestock Team, Led by WTW’s Horne Miller, the London-based independent specialist re/insurance broker, …
Read More Phone Alerts Responders After Car Hits Tree in Nebraska, Killing All 6
A passenger’s cellphone automatically alerted responders after a car hit a tree early Sunday in a Nebraska crash that killed all six of its young occupants, authorities said. Five men in the Honda Accord died at the scene of the …
Read More Ardonagh Europe Completes Acquisition of Dutch Broker Léons Group
Ardonagh Europe Ltd., a subsidiary of The Ardonagh Group, announced that it has completed the acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. Headquartered in Amsterdam and founded in 1951 by Max Léons, …
Read More NFP Unifies Irish Subsidiaries to Support European Expansion
NFP, the New York City-based property/casualty insurance broker and consultant, announced it will rebrand two acquired firms in Ireland: Aiken Insurances and ReSure Corporate Brokers. By combining the two firms’ commercial insurance expertise and capabilities, NFP said it is streamlining …
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