INSURANCE NEWS
Supreme Court Divided Over Coinbase Arbitration Dispute
U.S. Supreme Court justices on Tuesday appeared divided over a bid by cryptocurrency exchange Coinbase Global Inc. to halt customer lawsuits, including by a user who sued after a scammer stole money from his account, as it pursues an effort …
People Moves: WKFC Promotes Singhvi to President, Bauer to COO; AmTrust Adds Surian, White to Commercial Team
WKFC Promotes Singhvi to President and Bauer to COO WKFC Underwriting Managers, Ryan Specialty’s managing general underwriter headquartered in Melville, New York, has made two promotions in its senior leadership. Ravi Singhvi has been promoted to president of WKFC underwriting …
Female Gig Workers Face 32% Average Pay Gap
Female gig workers in the U.S. make less than males, wear more hats, and are more worried about their futures, according to Legal & General Group research. A study sponsored by the group found that across all categories of respondents …
With Sex Assault Cases on the Rise, Insurers Tighten Hospital Liability Exclusion Wording
South Floridians may remember the case of a patient at Westchester General Hospital in Miami, who said she was sexually assaulted by a hospital worker on New Year’s Eve in 2019 while she was sedated. The worker’s trial is set …
Teen Driver in Crash in New York That Killed 5 Children Had No License
The 16-year-old driver in a crash that killed five young people did not have a driver’s license or permit and may have fallen asleep or become distracted before the SUV veered off a New York highway, officials said Monday. The …
11 Injured in Southern California Apartment Complex Fire
At least 11 people were injured when a fire erupted in a large Los Angeles apartment complex, authorities said. Five of the approximately 200 units in the four-story building were burned, the Fire Department said in a statement on Monday. …
People Moves: AAdvantage Insurance Group Hires Berg; Alive Risk Adds Rutkin
AAdvantage Insurance Group Hires Berg as Personal Lines Account Executive AAdvantage Insurance Group, headquartered in Glen Carbon, Illinois, recently hired Sondra Berg as its personal lines account executive. Berg will focus on maintaining, expanding, and servicing the agency’s clients. Berg …
People Moves: McGill & Partners Hires Gallagher Re’s Turner for Treaty Reinsurance Team; Howden Names KPMG’s Cox as Head of Energy Transition
This edition of International People Moves details appointments at two London brokers: McGill and Partners and Howden Broking. A summary of these new hires follows here. McGill and Partners Hires Gallagher Re’s Turner for Treaty Reinsurance Team McGill and Partners, …
Erwin to Keystone VP; Jones to Tennessee PBM Compliance Role
Keystone Names Erwin VP for Kentucky, Ohio Keystone Insurers Group, one of the largest participant-owned agency networks in the United States, has named Brian Erwin as state vice president for Kentucky and Ohio. Erwin comes to Keystone from WestBend Mutual …
Rite Aid Faces Securities Suit Over Allegedly Filling Unlawful Opioid Prescriptions
A Rite Aid Corp. shareholder on March 20 filed a securities class action lawsuit against the company as well as former and current executives, alleging Rite Aid has given false or misleading statements regarding its alleged distribution of unlawful opioid …
NTSB: Strong Winds During Arkansas Plane Crash
LITTLE ROCK, Ark. (AP) – During last month’s deadly crash of a small plane near Little Rock, there were “changing/deteriorating weather conditions from the time of taxi, takeoff, and the accident,” according to a preliminary report Friday from the National …
People Moves: MEMIC Promotes Three Team Members to Key Director Roles
The MEMIC Group, headquartered in Portland, Maine, has promoted three veteran team members to key managerial roles. Janine Bard has been promoted to director of claims, Maine region. Bard started as a compensation specialist in 2002 before being promoted to …