INSURANCE NEWS
Michigan Joins Four Other States in Requiring 100% Carbon-Free Energy by 2040
LANSING, Mich. (AP) – Michigan is on the verge of implementing one of the nation’s most ambitious clean energy mandates, aiming to be carbon-free by 2040 in what is a pivotal test of the Democrats’ environmental goals in a state …
CFC Executives Walsh and Newman to Step Down After Lloyd’s Misconduct Probe
CFC, the London-based managing general agent, announced that its founder and group CEO, David Walsh, and Graeme Newman, CEO of CFC Underwriting, will be exiting the company following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct. …
Florida Injury Attorney Begins Prison Time for Defrauding Former Players in NFL Lawsuit
A Florida injury attorney who led a class-action lawsuit on behalf of former NFL players, then defrauded his clients out of millions of dollars, is in federal prison after he was sentenced to 14 years. Phillip Timothy Howard, 62, who …
Alleged Leader of Multi-State Auto Fraud Ring Arrested in Florida After 4 Years in Hiding
A Washington State man, on the lam for four years and wanted in connection with $6 million in auto insurance fraud schemes and staged accidents across the country, has been arrested in Florida. The U.S. Marshals Service reported that William …
Thick Fog Likely Caused 30-Vehicle Collision on Idaho Interstate, Police Say
A thick layer of fog is believed to have caused a roughly 30-vehicle collision on an Idaho interstate, state police said. The collision occurred Monday morning on eastbound Interstate 86, near milepost 56, west of Pocatello, near the Pocatello Regional …
Woman Sues Restaurant Claiming She Found Piece of Human Finger in Chopped Salad
When Alison Cozzi was eating the salad, she sensed something wasn’t right. It did not take long for her to realize that she was chewing on a portion of a human finger that had been mixed into the salad. It …
Okta Says Hackers Stole Data for All Customer Support Users
Okta Inc. has discovered that hackers who breached its network two months ago stole information on all users of its customer support system — a scope far greater than the 1% of customers the company had previously said were affected. …
Failed Wheel Bearing Caused Kentucky Derailment But Didn’t Trigger Alarms
LOUISVILLE, Ky. (AP) — A failed wheel bearing on a train car caused a derailment that sparked a chemical fire and forced residents of a small town in Kentucky out of their homes for just over a day, including most …
Alex Murdaugh Gets 27 Years Added to Prison Time for $12M Theft From Clients
For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. Then he stole most, if not all, of what he won …
Markel’s State National to Enter UK Market, Offering Program Services for MGAs
Markel, the insurance operations of Markel Group Inc., announced that its wholly owned subsidiary State National Companies is entering the UK market, effective Jan. 1, 2024. State National, the largest program services carrier in the U.S., is partnering with Markel …
People Moves: Falvey Group Names Nasso; Gibbons Joins Iroquois in New England; RCM&D Adds Dignan
Falvey Names Nasso as Chief Underwriting Officer Falvey Insurance Group, headquartered in North Kingstown, Rhode Island, hired Tom Nasso as chief underwriting officer. Before joining Falvey, Nasso most recently served as executive vice president, head of ocean marine at Ascot …
London’s Insurance, Finance Workers to See Biggest AI Impact: UK Report
Management consultants and City of London finance workers are among those most exposed to workplace changes ushered in by artificial intelligence, a new UK government report found, urging changes in schools and training programs to ease the impact. Jobs in …