INSURANCE NEWS
People Moves: Aspire General Insurance Names DelCorso Claims Vice President
Aspire General Insurance named Tom DelCorso vice president of claims. DelCorso has more than 20 years of claims leadership experience to the role, joining Aspire from Allstate Canada, where he was vice president of claims. Prior to that, he was …
Too Much Atlantic in Atlantic City: Beach Erosion Has Casinos Desperate for Sand
The ocean and beaches have always been a part of Atlantic City’s identity: from salt water taffy to Miss America bathing beauties to the name of the place itself, the city has been marketed as a place to have fun …
Feds Say University of Maryland Failed to Stop Harassment by Swim Coach
The University of Maryland, Baltimore County violated federal regulations by failing to protect students from sexual harassment and discrimination at the hands of the school’s former head swim coach, a U.S. Department of Justice investigation found. The results of the …
Utah Insurance Department Warns About Fake Shipping Coverage
The Utah Insurance Department issued a warning about unlicensed companies and individuals offering coverage for damaged packages or packages stolen from porches. The department noted that some companies are using technicalities and fine print to avoid paying consumers, while others …
State Farm Nonrenewing 30K California Homeowners, Renters
State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy applications for property/casualty insurance in California for reasons …
West Texas Ranchers Face Losses After Historic Wildfires
LUBBOCK — There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several months, small fires — ones that weren’t pushed by strong winds or grew out of control — scarred …
People Moves: Domino joins Farmers Alliance Board of Directors; Westfield Names Rosenberg as President, Standard Lines
Domino joins Farmers Alliance Board of Directors David Domino has been elected a director for the Farmers Alliance Companies, headquartered in McPherson, Kansas. Domino will provide guidance, direction and oversight for the companies’ property and casualty insurance operations. Domino previously …
Alkeme Acquires New Jersey’s Wharton Lyon & Lyon Agency
California-based insurance broker Alkeme reported the acquisition of Wharton Lyon & Lyon, a retail insurance agency headquartered in Livingston, New Jersey. Founded in 1912, Wharton Lyon & Lyon is a third-generation insurance agency providing risk management services along with property/casualty, …
Drugmaker Endo Receives Court Approval for Bankruptcy Restructuring
Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022. The company said the transaction is expected to close by late April. …
Washington Lawsuit Says Seat Belt Saved Passenger’s Life on Alaska Air Flight
More passengers who were aboard an Alaska Airlines Boeing 737 jet when part of its fuselage blew out in January are suing — including one who says his life was saved by a seat belt. The latest lawsuit, representing seven …
Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’
The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments from Gov. Ron DeSantis that Citizens is “not solvent.” “We believe we fully …
Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports
A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed, public broadcaster NHK reported on Wednesday, citing the coastguard. The tanker, Keoyoung Sun, was anchored due to bad weather and …