INSURANCE NEWS
Register: Risky Future AI Tools for Retail Agents ‘Demo Day’ on June 10
Insurance Journal’s Risky Future series is hosting the “AI Tools for Retail Agents” Demo Day, a series of free AI tool demonstrations designed exclusively for retail insurance agencies, agency principals, sales leaders, operational teams and more. This event spotlights AI …
ANV Group Adds Another Workers’ Compensation Agency to Its Roster
A London-based global intermediary launched last December by AmTrust Financial and Blackstone Credit & Insurance has acquired its second workers’ compensation specialist in the U.S. ANV Group Holdings Ltd. announced it has completed the acquisition of Associated Specialty Insurance Agency …
Banks Face Extra £6B Cost if Motor Finance Compensation Plan Is Thrown Out: UK’s FCA
Lenders that mis-sold car finance would risk spending £6 billion ($8 billion) more if they reject the official compensation program and try to deal instead with individual complaints, the UK’s Financial Conduct Authority warned. Without the compensation scheme that was …
MMA Alleges Broker Patriot Poached 11 Surety Team Members
Marsh & McLennan Agency has filed suit against brokerage Patriot Growth Insurance Services and eight former members of a surety team over an alleged poaching scheme. Filed early June in U.S. District Court for the Southern District of New York …
Supreme Court Bolsters SEC’s Power to Recoup Illegal Gains
The US Supreme Court reinforced the Securities and Exchange Commission’s power to recover illegal profits in a case that centered on one of the agency’s most potent enforcement tools. The justices ruled unanimously Thursday that SEC doesn’t have to show …
New UK Referendum Would Flip Brexit Result of a Decade Ago, Poll Finds
A UK poll shows that a new Brexit referendum would reverse the vote that led to Britain’s departure from the European Union a decade ago. Fifty-two percent of Britons think the UK should rejoin the EU, according to an Ipsos …
Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says
A new United Nations assessment of ocean health documents a “deepening crisis” as climate change, pollution, overfishing, and biodiversity loss threaten marine ecosystems crucial to human survival. The result is rising sea levels, acidifying seas, dying coral reefs and declining …
People Moves: Florida Lawyers Mutual Names Coady CEO
Carol Coady has been called out of retirement to be interim president and CEO of Florida Lawyers Mutual Insurance Co., starting next week. Coady served as the professional liability insurer’s operations manager for more than 20 years, before she retired …
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer
A federal judge won’t disturb a $256 million jury verdict in a long-running libel and RICO lawsuit against a plaintiffs’ lawyer who had charged an Alabama coal company with human rights abuses in Colombia. “Defendants’ claim that the jury was …
People Moves: Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division; UIB Names Burns and Wilcox’s Webb as Divisional Director – Binders
This edition of International People Moves details appointments at Specialty MGA and United Insurance Brokers (UIB). A summary of these new hires follows here. Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division Specialty MGA, a …
Markets/Coverages: Willis Expands Int’l Property Facility, With $60M Follow Capacity
Willis, a WTW business, announced the expansion of its international property facility, now able to offer up to US$60 million of follow capacity per placement. The facility’s expanded lead panel of Lloyd’s syndicates is able to quote competitively across a …
People Moves: CorVel Names Scott as CEO and President
CorVel announced that Sarah Scott will be appointed CEO and President, effective July 1, 2026, succeeding Michael G. Combs, who will transition to the role of Executive Chair. Mr. Combs has served as President since 2017 and CEO since 2019, …