INSURANCE NEWS
People Moves: New Hampshire Promotes Nyhan to Deputy Insurance Commissioner
The New Hampshire Insurance Department announced the promotion of Keith Nyhan as the deputy commissioner. Nyhan has served as director of the Consumer Services unit since 2007. Nyhan brings 28 years of experience in the financial services and insurance sectors …
UK Warns of Fake Ozempic Pens After Hospitalizations
Britain on Thursday cautioned the public about buying fake weight-loss pens claiming to contain Novo Nordisk’s diabetes drug Ozempic or weight-loss drug Saxenda after reports of a “very small number” of hospitalizations. The warning from the country’s medicines regulator comes …
Three Baltic Pipe and Cable Incidents ‘Are Related’: Estonia
The three incidents that resulted in damage to a gas pipeline and two telecom cables between Estonia, Finland and Sweden “are related,” Estonian Prime Minister Kaja Kallas said. Finnish police leading the pipeline investigation have named the Hong-Kong-flagged container carrier …
Markets/Coverages: Liberty Launches National Private Client Practice Group
The Liberty Company Insurance Brokers announced its National Private Client Practice Group, spearheaded by Liberty Partner Steve Rivera. With over two decades of experience in insurance, Rivera, a former executive at Momentous Insurance Brokerage, Inc., now a Marsh McLennan Agency, …
Crypto Firms Are Failing to Spell Out Risks to Consumers: UK Watchdog
Britain’s financial watchdog said on Wednesday that firms marketing cryptoassets are failing to highlight risks properly to consumers, such as by publishing warnings that are too hard to read. Britain’s Financial Conduct Authority had new powers from Oct. 8 to …
Ant-Backed Rural Lendera and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO
Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the …
IICF Celebrates Week of Giving
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the annual IICF Week of Giving, a celebration of the insurance industry’s year-round dedication to volunteerism, from October 14–21. According to a press …
Auto Claims Satisfaction Scores Are Up Despite Longer Repairs; Amica Tops List
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022 and more than double …
Appeals Court Upholds $12M Verdict in Fatal Keys Crash; Insurer Facing Bad-Faith Claim
A federal appeals court this week upheld a $12 million jury award against a gravel and waste-hauling company in a horrific highway accident that killed four Spanish women who were on vacation in the Florida Keys in 2018. But it’s …
People Moves: CRC Group Names Alaniz in California as Chief Digital Officer, Commercial Solutions
CRC Group named Angela Alaniz as chief digital officer of its commercial solutions division. Alaniz is based in San Francisco, Calif. Alaniz has been with CRC Group since 2010 and most recently served as senior vice president of digital solutions. …
New Jersey Man Admits Role in Interstate Luxury Car Theft Ring
A New Jersey man has admitted his role in a conspiracy to steal and transport across state lines luxury cars stolen from towns in New York, Connecticut, and New Jersey, reported U.S. Attorney Philip Sellinger. Malik Baker of Vauxhall pleaded …
Suit by Teacher Shot by 6-Year-Old Student Asks If Workers’ Compensation Is Enough
A heated debate has emerged about the once-unimaginable shooting of a teacher by her 6-year-old student: How should the school district take care of the teacher? Should she only get workers’ compensation for her serious physical injuries? Or does she …