INSURANCE NEWS
Labour Meets With Banks, Insurers to Discuss Ways to Boost Infrastructure Investment
Britain’s opposition Labour Party met bank and insurance leaders on Monday to discuss ways to boost investment in infrastructure, as it continues a charm offensive with finance bosses ahead of an expected election next year that it is favored to …
Schools Look to Improve Cybersecurity, but Many Vulnerable to Ransomware
Some K-12 public schools are racing to improve protection against the threat of online attacks, but lax cybersecurity means thousands of others are vulnerable to ransomware gangs that can steal confidential data and disrupt operations. Since a White House conference …
US Is Seeking More than $4 Billion From Binance to End Case
The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange. Negotiations between the Justice Department and Binance include the possibility …
NHTSA Probes Hyundai, Kia Recall Into 6.4 million Vehicles Over Fire Risks
U.S. auto safety regulators on Monday said they had opened a probe into 16 separate recalls issued by Hyundai and Kia covering 6.4 million vehicles relating to brake fluid leaks that could result in fires. The affiliated Korean automakers have …
New York Law That Opened Window for 2,500 Sex Abuse Suits Is Expiring
For a year, a special New York law has cleared the way for a wave of headline-grabbing lawsuits against famous men accused of sexual misconduct, including former President Donald Trump, hip hop mogul Sean “Diddy” Combs and the comedian and …
Citigroup Managing Director Sues Over Sexual Harassment
Citigroup was sued on Monday by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats. Ardith Lindsey said the New York-based bank, her employer since 2007, downplayed her complaints …
Best Agency to Work For – Southeast Silver Winner: Ellis Insurance Agency
Growing the Business Is a Team Effort When Insurance Journal called Danielle Ellis, principal at Ellis Insurance Agency in Charleston, West Virginia, with the news that the agency had been named one of the Best Agencies to Work For in …
Florida Man Sentenced for Role In Workers’ Compensation Fraud Conspiracy
A federal judge has sentenced Ramon Paz of Lakeland, Florida to 33 months in federal prison for conspiracy to commit wire fraud to avoid paying for workers’ compensation insurance. According to the U.S. Attorney’s Office, Middle District of Florida, Paz …
Alabama Firms Settle Sexual Harassment and Retaliation Claims
Mueller Co., a nationwide manufacturer and seller of gas and water distribution products, and IH Services, Inc., which provides cleaning services in Mueller facilities, has agreed to pay $150,000 and provide other relief to settle allegations of sexual harassment and …
People Moves: Unison Risk Advisors Names Maisano SVP; Central Insurance Makes Changes to Leadership Team
Unison Risk Advisors Names Maisano SVP of Corporate Development Unison Risk Advisors, headquartered in Cleveland, Ohio, hired Andrew Maisano as senior vice president of corporate development. Unison Risk Advisors is the holding company for Oswald Companies of Cleveland, Ohio, Baltimore, …
People Moves: Alliant Insurance Services Hires Woods as VP
Alliant Insurance Services, headquartered in Irvine, Calif., named Richard Woods vice president within its Alliant Americas division. Woods is based in Dallas, Texas. Before joining Alliant, Woods was a risk management consultant at Lockton. He previously served as vice president …
People Moves: Hagerty to Head US Retail Property at Everest Insurance; AIG Hires Navagamuwa as Chief Information Officer
Roshan Navagamuwa joins American International Group, Inc. (AIG) in December as executive vice president and chief information officer, effective January 1, 2024. AIG is headquartered in New York, N.Y. Navagamuwa joins AIG from CVS Health, where he was executive vice …