INSURANCE NEWS
When Policies Conflict, Insurers Must Split Costs, Appeals Court Finds in Georgia Case
When the wording of insurance policies conflict with each other and can’t be reconciled, insurers must share defense expenses, a federal appeals court said in a case that stemmed from lawsuits against school personnel. “The district court concluded that the …
Environmental Groups Urge Regulators to Shut Down California Reactor Over Safety Concerns
Environmental groups called on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant until tests can be conducted on critical machinery they believe could fail and cause a catastrophe. Friends of the Earth …
Everest Insurance Launches Dedicated Wholesale, Programs Market Division in US
Everest Insurance, the insurance division of Everest Group Ltd., has launched a dedicated U.S. Wholesale and Programs Division to serve the distinct and evolving needs of this market. “This dedicated offering reflects Everest’s decades of experience and exceptional support for …
Canada’s Intact Financial Kicks Off Sale of RSA’s Personal Insurance Business
Intact Financial Corp. has kicked off the sale of its personal insurance subsidiary in the UK, which could be valued at around £500 million ($620 million), people with knowledge of the matter said. The Canadian insurer is working with JPMorgan …
NY Attorney Changes Plea in Ponzi, Auto Insurance Fraud Scheme
A disbarred New York attorney has changed his plea to guilty in connection with an $19 million Ponzi scheme and a $30 million auto insurance fraud. Robert Wisnicki, 44, of Forest Hills, pleaded to guilty to conspiracy to commit wire …
People Moves: Dimura Named Director of Pharmacy for Alliant
Alliant Insurance Services has named Jennifer Dimura executive vice president and national director of pharmacy for its employee benefits group, based in Charlotte, North Carolina. Dimura, who was previously vice president and director of pharmacy solutions at a global insurance …
Mississippi Jury Finds Officers Justified in 2017 Wrong-House Shooting
OXFORD, Miss. (AP) — A Mississippi jury has rejected a civil lawsuit seeking money damages from two police officers who fatally shot a man while serving a warrant at the wrong house. A federal court jury in Oxford on Thursday …
Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes
Australian miner New Hope Group’sCEO Rob Bishop said on Tuesday plans are progressing to double output over the next three years to meet an expected surge in demand for coal-fired power, after reporting a nearly 11% rise in fiscal 2023 …
Inman Kircher McBride of New Jersey Joins World Insurance
Insurance brokerage WorldInsurance Associates reported that Inman Kircher McBride Agency, Inc. (IKM) of Harvey Cedars, New Jersey joined World on September 1. IKM provides personal insurance programs for auto, home, coastal homes, seasonal and vacation homes and rental homes. IKM …
Sandy Hook Families Who Won Suit Against Alex Jones Have Not Seen a Dime
Alex Jones` personal spending is frustrating families who are trying to collect on the $1.5 billion in judgments against him for calling the 2012 Sandy Hook elementary school shooting a hoax. The conspiracy theorist and Infowars host has been paying …
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that provides niche insurance products to the global maritime industry and …
TikTok Fined €345M Over Handling of Children’s Data in Europe
TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data in the European Union, its lead regulator in the bloc said on Friday. The Chinese-owned short-video platform, which has grown …