Insurance
Viewpoint: Rising False Advertising Claims Reveal Major Coverage Protection Gap
The steady rise in false advertising claims against consumer-facing companies has exposed a major insurance protection gap. The drivers of these legal actions are many and varied and include consumers’ growing – and regularly-shifting – health preoccupations; sustainability concerns; patriotic …
Read More People Moves: LP Insurance Services Names Rossi Executive Chairman, Cushard CEO and President
Rossi Named Executive Chairman, Cushard Named CEO and President at LP Insurance Services LLC LP Insurance Services LLC named Founder and CEO Nick Rossi as executive chairman. Rossi, who founded the company in 2010, will maintain a role supporting client …
Read More Impostor Uses AI to Impersonate Rubio, Contact Foreign and US Officials
The State Department is warning U.S. diplomats of attempts to impersonate Secretary of State Marco Rubio and possibly other officials using technology driven by artificial intelligence, according to two senior officials and a cable sent last week to all embassies …
Read More People Moves: Hull & Company-Texas Promotes Wilkins, Hires Gambino to Underwriter/Broker Roles
Hull & Company-Texas, headquartered in Dallas, Texas, promoted Brandt Wilkins to underwriter/broker. Wilkins has an extensive background in the commercial wholesale business. He has been with Hull Texas for the last three years managing a book with emphasis in the …
Read More People Moves: Leadership Transition at WorldTrips as Hsia Appointed CEO; Carney Assumes Role of Chairman
Tokio Marine HCC, based in Houston, Texas, announced a key leadership transition at its travel-focused subsidiary, WorldTrips, a leading provider of travel insurance located in Carmel, Indiana. Mark Carney will transition from his role as CEO of WorldTrips to become …
Read More Reliance Global Completes Sale of Ohio’s Fortman Insurance Services
Reliance Global Group announced it has completed an asset sale of Ottawa, Ohio-based Fortman Insurance Services, wholly owned subsidiary, for $5 million in cash. The transaction marks the successful execution of a strategic initiative to monetize a non-core asset and …
Read More People Moves: WTW Hires Kharkavets as North America Head of ICT Claims
WTW, with U.S. headquarters in Arlington, Virginia, appointed Alena Kharkavets as North American head of claims in its insurance consulting and technology (ICT) business. Kharkavets comes to WTW from Intact Financial Corporation, where she held progressively senior roles and spent …
Read More Intense Downpours are More Frequent, But Flooding Severity Remains Hard to Predict
It’s not just Texas and North Carolina. Intense rain is falling more frequently in many areas of the U.S. — though where it occurs and whether it causes catastrophic flooding is largely a matter of chance, according to experts. More …
Read More Car Manufacturer Sued for Refusing to Allow Jewish Employee to Observe the Sabbath
FCA US, LLC, an international automobile manufacturer of Chrysler, Dodge, Jeep, Ram and Fiat car brands, violated federal law by refusing to accommodate an employee’s request to observe the Sabbath and take unpaid leave for Passover, the U.S. Equal Employment …
Read More White Mountains Buys Majority Ownership of Distinguished Programs for $230M
White Mountains Insurance Group on Monday said it has a deal in place to acquire about 50% of Distinguished Programs for $230 million. With the buy of the outstanding equity shares, White Mountains will own 51% of Distinguished, an independent …
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