INSURANCE NEWS
People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL France Taps Déal From Everest as Managing Director
This edition of International People Moves details appointments at Arch Reinsurance and DUAL France. A summary of these new hires follows here. Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun Arch Reinsurance Group announced the promotions of …
Brawner Acquires Missouri’s Armstrong
Brawner Insurance Agency recently acquired Armstrong Insurance, a four-year-old agency serving Northeast Missouri. Brawner Insurance owner Jared Brawner will continue to serve as president and hired Jake Bunker as Sales Advisor to assist with day-to-day operations. Bunker brings 12 years …
Iowa Woman Charged With Insurance Fraud
An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and one count of Theft in the 2nd Degree (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau. …
Russian Hackers Are Weaponizing Stolen Microsoft Passwords
A Russian state-sponsored hacking group that stole sensitive data from Microsoft Corp. executives is trying to leverage that information to compromise the company’s source code and other internal systems, according to the technology giant. The revelation makes clear that a …
Florida Jury Awards $32M Against Cleveland Clinic. Did ‘Changing Stories’ Play Role?
A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and later died. The jury found the …
PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources
Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The private equity firm …
Oil Sheen off California Possibly Caused by Natural Seepage From Ocean Floor
An oil sheen spotted off the Southern California coast last week was possibly caused by a natural seep from the ocean floor, but the exact source still isn’t known, U.S. Coast Guard officials said. Authorities detected the 2.5-mile-long oil sheen …
Kentucky House Passes Bill to Reduce Medically Trained Workers in Smaller Mines
FRANKFORT, Ky. (AP) — The Kentucky House voted Monday to allow the state’s smallest coal mining operations to reduce the number of miners with emergency medical training assigned for each underground shift. In a state once known as a coal …
Virginia Governor Faces Decision on Bad Faith Bill Opposed by Auto Insurers
Property/casualty insurers are urging Virginia Gov. Glenn Youngkin to veto a “bad faith” insurance claims measure that they contend will “open the floodgates of litigation against insurance companies” and raise auto insurance costs for consumers in the state from $220 …
Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023
TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit of $1.15 per …
Cancer Clinics Face Cash Crunch After Hack Rocks US Health Care
Doctors across the US are stretching to keep their practices afloat as a debilitating cyberattack on a once little-known company at the center of the health-care system continues to cause havoc. The Feb. 21 attack against Change Healthcare, a subsidiary …
Brown & Brown Acquires Assets of Northeast Dealer Services Firm, DealerMax
Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax. DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in Pennsylvania and throughout the Northeast offering finance …