INSURANCE NEWS
Sarasota and Ocala Named Florida Housing Hot Spots — Ocala Due to Lower Insurance
Two areas in Florida have become hot spots for home buying and building, one of them due to higher insurance costs in the rest of the state, according to news and insurance agency reports. Ocala, in the central part of …
OSHA Fines Pennsylvania Candy Factory for Not Evacuating Before Fatal Explosion
A Pennsylvania chocolate factory was fined more than $44,000 by the federal workplace safety agency on Thursday for failing to evacuate before a natural gas explosion that killed seven people. R.M. Palmer Co. did not heed warnings from employees about …
Michigan’s Hastings Mutual Seeks Approval to Restructure into Mutual Holding Company Structure
Hastings Mutual Insurance Company has submitted a Plan of Reorganization with the Michigan Department of Insurance and Financial Services seeking approval to restructure into a mutual holding company structure. HMIC plans to complete the following stops: HMIC will form Hastings …
Families Blame Faulty Vehicle for Ship Fire That Killed Two New Jersey Firefighters
The families of two New Jersey firefighters who were killed battling a July blaze inside a cargo ship said Friday a malfunctioning vehicle being used to load cargo onto the ship caused the fire. Relatives of Newark firefighters Captains Augusto …
Lindberg’s Retrial, Set for Nov. 6, Could be Delayed Due to Co-Defendant’s Motion
The second trial for former insurance mogul Greg Lindberg, accused of attempting to bribe the North Carolina insurance commissioner, could be delayed, thanks to a co-defendant’s legal representation issues. Lindberg, who created a complex web of life insurance and other …
Atlanta to Pay $3.75M to Family of Man Who Died After Being Handcuffed and Held Down
ATLANTA (AP) — The city of Atlanta will pay $3.75 million to the family of a Nebraska man who died after police handcuffed him face down. The City Council approved the settlement Monday, The Atlanta Journal-Constitution reported, after the Fulton …
Tech Update: Re/Insurance Communications Platform ‘fuse’ Launches
A communications platform called “fuse” has been launched for the global commercial insurance and reinsurance industry. Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers a web-based platform to connect and speed re/insurance transactions to placement. Available 24/7, …
Tesla Engineer Defends ‘Full Self-Driving’ Name at Crash Trial
A Tesla engineer in court on Wednesday rejected a lawyer’s suggestion that the company named its driver-assistant feature “Full Self-Driving” because it wanted people to believe that its systems had more abilities than was really the case. The electric-vehicle maker …
People Moves: Aon Appoints Reinsurance Leaders in Brazil, Peru; Markel Names Styles Head of Cargo; Arch Global Mortgage Group Promotes Fearon to CEO, Int’l Mortgage
This edition of International People Moves details appointments at Aon plc, Markel and Arch Capital’s Global Mortgage Group. A summary of these new hires follows here. Aon Promotes Solano, Diaz as Brazil and Peru Reinsurance Leaders Insurance broker Aon plc …
People Moves: Jaipuriyar and Kotlyar Join MEMIC IT Team
Jaipuriyar and Kotlyar Join MEMIC IT Team MEMIC, headquartered in Portland, Maine, has named two new information technology leaders. The company appointed Ruchir Jaipuriyar as vice president of information technology. Jaipuriyar most recently served as director of data services at …
Aon Plc Acquires India’s Global Insurance Brokers
Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its acquisition by Aon plc. Financial details of the deal, which is subject to regulatory approval, were not disclosed. Aon and …
Brazilian Prosecutors Seek to Ban Popular Herbicide Atrazine
Brazilian labor prosecutors have requested a court order to ban the use of atrazine, which is present in 5% of pesticides sold in the country, the prosecutors said on Thursday. National health regulator Anvisa, which would be forced to cancel …