Insurance
People: Farm Bureau Tenn. Names Pulley to Replace Retiring Pannell as CEO
Jeff Pannell, CEO of Farm Bureau Insurance of Tennessee, will retire at the end of the year after almost 40 years with the company. Pannell made the announcement at the company’s annual agents’ conference on Thursday, Farm Bureau said in …
Read More Michigan Suspends 2 Title Insurance Agents Over Escrow Fund Mismanagement
The Michigan Department of Insurance and Financial Services this week announced the suspension of two title insurance agents after an investigation found they allegedly mismanaged customers’ escrow funds. DIFS Director Anita Fox issued a summary suspension of insurance producer licenses …
Read More Pinnacle Financial Partners Shares Drop on Deal with Synovus
Pinnacle Financial Partners Inc. shares plunged the most in more than five years after the bank agreed to combine with Synovus Financial Corp. in an all-stock transaction valued at $8.6 billion. Some investors had expected both companies to draw acquisition …
Read More Trump’s AI Plan Urges Lighter Touch by FTC in Win for Microsoft
Microsoft Corp. stands to gain from new White House AI guidelines that call on the US Federal Trade Commission to show more restraint in probes involving artificial intelligence and stand down on cases that put “AI innovation” at risk. The …
Read More People Moves: Allianz Commercial Appoints Nguyen-Huu, Lascar and Head for Portfolio Solutions Team; Canopius Promotes Pinnington as Head of Marine & Energy Treaty
This edition of International People Moves details appointments at Allianz Commercial and Canopius Group. A summary of these new hires follows here. Allianz Commercial Names Nguyen-Huu, Lascar and Head for Portfolio Solutions Team Allianz Commercial announced appointments in its Portfolio …
Read More Ship Manager Pleads Guilty to Dumping Oily Water Off Coast of New Orleans
Eagle Ship Management LLC (ESM), based in Stamford, Connecticut, pleaded guilty to violating the Act to Prevent Pollution from Ships (APPS) by deliberately polluting U.S. waters off the coast of New Orleans from the M/V Gannet Bulker, a foreign-flagged bulk …
Read More Meta Clashes With Apple, Google Over Child Age Check Legislation
The biggest tech companies are warring over who’s responsible for children’s safety online, with billions of dollars in fines on the line as states rapidly pass conflicting laws requiring companies to verify users’ ages. The struggle has turned into a …
Read More 5 Years After Bribery Scandal, Critics Say FirstEnergy Hasn’t Faced Consequences
Five years after a $60 million bribery scheme funded by FirstEnergy Corp. came to light in Ohio, expert observers say the resulting prosecutions, lawsuits, penalties and legislation haven’t led to enough change and accountability to prevent politicians and corporate executives …
Read More Kentucky Tobacco Warehouse Manager Pleads Guilty in Insurance Fraud, to Pay Restitution
A Kentucky tobacco warehouse manager at the center of a long-running crop insurance fraud scheme has agreed to pay millions in restitution for his role in enabling the fraud. Thomas Kirkpatrick, of Danville, pleaded guilty last week to conspiracy to …
Read More Johnson & Johnson Acquires Minnesota’s Erickson-Larsen
Johnson & Johnson Inc. announced it is acquiring the assets of Erickson-Larsen, Inc (E&L). The parties expect to complete the transaction effective August 1, 2025. With offices in Maple Grove, MN, and Fargo, ND, Erickson-Larsen is a wholesale insurance firm …
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