INSURANCE NEWS

Bank Plans to Auction Off Greenbriar Lots Owned by West Virginia Governor

CHARLESTON, W.Va. (AP) — A Virginia bank that is seeking to recover more than $300 million in longstanding unpaid business loans to the family of West Virginia Gov. Jim Justice is planning to auction off land at a sporting club …
Read More

Labor Official Rules Dartmouth College Basketball Players Are School Employees

A National Labor Relations Board regional official ruled on Monday that Dartmouth basketball players are employees of the school, clearing the way for an election that would create the first-ever labor union for NCAA athletes. All 15 members of the …
Read More

Inszone Acquires J.B. Martin Insurance Agencies in New Mexico

Inszone Insurance Services acquired J.B. Martin Insurance Agencies in Albuquerque, New Mexico. This acquisition bolsters Inszone’s presence in the Southwest. Since its establishment in 1981, John Bradley Martin and his team have built J.B. Martin Insurance Agencies to provide a …
Read More

Lubbock, Texas to Vote on Marijuana Despite Attorney General Lawsuit

LUBBOCK — An effort to decriminalize possession of small amounts of marijuana in Lubbock is moving forward, despite Texas Attorney General Ken Paxton suing five cities this week for doing the same. Lubbock Compact, the organization behind the proposed initiative, …
Read More

Chicago Children’s Hospital Forced to Take Networks Offline After Cyberattack

CHICAGO (AP) — A Chicago children’s hospital has been forced to take its networks offline after an unspecified cyberattack, limiting access to medical records and hampering communication by phone or email since the middle of last week. The situation at …
Read More

People Moves: Grange Insurance Names Welch VP, Commercial Lines Underwriting

Grange Insurance Company, headquartered in Columbus, Ohio, named Kyle Welch vice president of commercial lines underwriting for the East region covering Georgia, Indiana, Kentucky, Ohio, Pennsylvania, Tennessee and Virginia, effective Feb. 12. Welch has 17 years of experience in the …
Read More

People Moves: Gonzales joins Marsh as Houston Energy Hub and Office Leader

Marsh, a business of Marsh McLennan headquartered in New York, announced today that Susan Gonzales has joined the firm as its Houston energy hub and office leader. In this dual role, Gonzales will lead a team of more than 70 …
Read More

Muddy Waters Shorts Canada Insurer Fairfax Financial, Alleging Asset Value Manipulation

Short seller Muddy Waters has placed bets against the shares of Canadian insurer Fairfax Financial alleging manipulation in its asset values, sending the shares of the property and casualty insurer down 7%. Fairfax has struggled since 2017 when they recorded …
Read More

Supreme Court in UBS Case Makes it Easier for Whistleblowers to Win Suits

The U.S. Supreme Court on Thursday made it easier for financial sector whistleblowers to win lawsuits accusing companies of unlawfully firing them as retaliation for disclosing wrongdoing, rejecting a bid by Switzerland’s UBS Group to impose a higher bar. The …
Read More

NC Postal Worker Pleads Guilty to Comp Fraud After Photos Show Him Ziplining

A 73-year-old postal worker pleaded guilty this week to more than $100,000 in workers’ compensation fraud after social media postings showed him engaged in rigorous physical activity, including ziplining at Niagara Falls. Johnnie Franklin Sullivan Sr., of Mooresville, North Carolina, …
Read More

Markets/Coverages: Corvus Expands Tech E&O; K2 OCONUS Workers Comp for Government Contractors; Xceedance’s MGA Agility Suite

Corvus Insurance introduced a newly expanded Tech E&O product with an enhanced appetite backed by Travelers. Smart Tech E+O from Corvus provides creative risk solutions for technology businesses across the spectrum of size and complexity, including primary and excess policies. …
Read More

People Moves: WIND Network Names New Officers, Board Members

The Windstorm Insurance Network, known as WIND, a continuing education organization for adjusters, appraisers and other claims professionals, has installed new officers and board members after its annual conference in Orlando. Wayne Taylor, a plaintiffs’ attorney with Mozley, Finlayson & …
Read More