Insurance
How Faulty Parts at Boeing’s 787 Jets Flew Below the Radar in Italy
On a Saturday morning in May, 2020, Italian police officers caught two men pouring chemical waste into the sewers in the southern port city of Brindisi, near a small plane components factory. Five years on, that routine pollution case has …
Read More Captain of Container Ship That Crashed Near UK Was Russian
The captain of the Solong container ship that crashed near the UK is a Russian national, the ship’s owner said. The rest of the crew are a mix of Russian and Filipino, shipping company Ernst Russ AG said in a …
Read More UK Corporate Distress at Level Last Seen Post-COVID, Report Says
Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the COVID-19 pandemic, according to a report by consulting firm Alvarez & Marsal. A&M found that 11.2% of UK firms suffered …
Read More Atlas Insurance Brings Benefits Business Under One Roof
Atlas Insurance Agency, based in Sarasota, Florida, announced it has acquired its sister company, Atlas Employee Benefits. The firms will now operate under a single brand name. “While Atlas Insurance and Atlas Employee Benefits have operated separately in the past, …
Read More Florida Bill Barring Citizens Coverage for Noncompliant Condos Passes Committee
A Florida House bill that would bar Citizens Property Insurance Corp. from writing condominium properties that haven’t complied with inspection deadlines passed its first hurdle this week. But the measure has been questioned by some as unnecessary and potentially detrimental …
Read More People Moves: NJM’s CEO Livingston to Retire; Voorhees Named Successor
NJM Insurance Group’s President and Chief Executive Officer Mitch Livingston, will retire on July 31, after 19 years at the company, including the past seven as its leader. The company’s board of directors has selected Carol Voorhees, NJM’s executive vice …
Read More Third Magellan Diagnostics Exec Pleads Guilty Over Lead-Test Device Defect
The former CEO of Magellan Diagnostics pleaded guilty on Monday to a criminal charge related to a malfunction in the company’s lead-testing devices that produced inaccurately low results for tens of thousands of patients. Amy Winslow was the last of …
Read More California Body Shop Owner Charged With Insurance Fraud on Bait Car
A San Jose, California, body shop owner was charged with insurance fraud following an undercover sting operation that reportedly revealed he jacked an insurance damage estimate on a bait car. The operation, led by investigators from the Santa Clara County …
Read More Insurer Payouts Now at $12B for LA Wildfires, Report Shows
Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes in January. California Insurance Commissioner Ricardo …
Read More People Moves: Arch Insurance Names 2 Senior Leaders for Casualty Team in Spain
Arch Insurance Names 2 Senior Leaders for Casualty Team in Spain Arch Insurance announced the appointments of Carmen Cobeta as head of Casualty, Spain, and Irene Fernandez Franic as senior casualty underwriter, effective immediately. Cobeta and Fernandez Franic join Arch …
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