INSURANCE NEWS

Cerebral Inc. to Pay $7M for Data Exposure, Non-Cancels on Counseling Subscriptions

Cerebral Inc., a major U.S. provider of telemedicine mental health services, will likely have to pay $7 million in penalties and refunds to clients as part of a settlement with the Federal Trade Commission. The firm exposed the personal information …
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People Moves: Woodruff Sawyer Promotes Erickson to Employee Benefits Practice Leader

Woodruff Sawyer promoted Dave Erickson to employee benefits practice leader. Most recently, he led Woodruff Sawyer’s employee benefits operations. Erickson has more than 15 years of experience in the employee benefits industry. Before joining Woodruff Sawyer in 2018, he was …
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The Auto Store in New Jersey Pays $868K to Settle 35 Safety Violations

One of the East Coast’s largest auto recyclers and used parts suppliers has agreed to pay $868,000 in penalties related to 35 workplace safety violations at its Camden, New Jersey facility. The agreement with The Auto Store, operating as My …
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People Moves: Reinke Joins Intact as Chief Underwriting Officer, Transactional Surety

Scott Reinke joined Intact Insurance Specialty Solutions, headquartered in Plymouth, Minnesota, as chief underwriting officer for its transactional surety team. Reinke oversees surety’s commercial transactional book of business and their online surety bond platform. Reinke has over 20 years of …
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Nebraska, Kansas Brace for Possibly More Tornados: Weather Watch

Wild weather is sweeping the central US on Tuesday with tornado watches posted across parts of Nebraska and Kansas and an enhanced risk of severe thunderstorms later in Iowa, Missouri and Illinois, the National Weather Service said. At least one …
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North Dakota Hospital to Pay $45K Over EEOC Retaliation Lawsuit

Jacobson Memorial Hospital Care Center, a critical access hospital in Elgin, North Dakota, will pay $45,000 and provide other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) retaliation lawsuit, the federal agency announced today. According to the lawsuit, …
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Several Texas Water Systems Exceed Federal Limits on ‘Forever Chemicals’

In Texas, 49 public water utility systems have reported surpassing the U.S. Environmental Protection Agency’s first-ever limits for five “forever chemicals” in drinking water, according to data submitted to the federal agency. Experts say there are likely more since not …
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Higginbotham Acquires Louisiana’s Eagan Insurance

Higginbotham has acquired Eagan Insurance of Metairie, Louisiana, in a move that extends Higginbotham’s presence to South Louisiana and the Mississippi Gulf Coast. “At Higginbotham, we just celebrated our 75th anniversary last year, so we understand the importance of connection …
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CRC Moves InsureTrust Cyber Broker to Wholesale Division

Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit, moving InsureTrust, a cyber coverage broker, from Starwind Specialty. Starwind was formed in 2021 with the combination of CRC Group’s …
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King Acquires Dave Alton Agency in North Carolina

King Insurance Partners, considered one of the fastest-growing U.S. brokerages, has added another producer to its lineup: The Dave Alton Agency, with offices in Greenville, Plymouth and Washington, North Carolina. The Alton agency, in business for two decades, offers homeowners, …
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Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023

The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings analysis. For standalone cyber coverage, the direct incurred …
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Former MLB Player, 3 Others Charged with Staging Auto Accident in Miami

Four people, including a Cuban-born former Major League Baseball player who earned more than $15 million in his playing career, have been charged with staging an auto accident and defrauding an insurance carrier. Yuniesky Betancourt, 42, who played nine seasons …
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