INSURANCE NEWS
Facebook Fails in Bid to Get Cambridge Analytica Lawsuit Tossed
A judge ruled Facebook founder Mark Zuckerberg and other former directors of the social-media company must face claims they turned a blind eye to rampant privacy violations, including allowing a firm hired by Donald Trump’s 2016 presidential campaign to collect …
Minnesota on Verge of Banning Forever Chemicals
ST. PAUL, Minn. (AP) – Minnesota is on the verge of banning non-essential uses of “forever chemicals.” And lawmakers say they are naming the legislation after a woman who spent the last months of her life campaigning for restrictions that …
NCCI Names Fick New Board Chairman, Elects Other Board Members
The National Council on Compensation Insurance has elected Brandon Fick as its new board chairman, replacing Lisa Corless. Fick is chief underwriting officer for Liberty Mutual Global Risk Solutions, North America. He was elected at the NCCI annual meeting in …
J&J, Cancer Victims Ordered to Start Mediation in Bankruptcy
A federal judge ordered a new round of settlement talks between Johnson & Johnson and lawyers who spurned the company’s offer to pay $8.9 billion to end tens of thousands of cancer claims filed by people who used the company’s …
Altria Agrees to $235 Million Settlement to Resolve Juul-Related Cases
Altria Group Inc said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul Labs Inc. The deal ends nearly all …
East, Southern Europe Win as Firms Rethink Supply Chains
Low-cost economies in eastern and southern Europe are being increasingly favored for investment as companies around the world revamp supply chains to make them more resilient and cost-efficient, a study by professional services group EY found. The finding came as …
EU Lawmakers Warn of Hungary, Poland Spyware Abuses
European Union lawmakers investigating the use of Pegasus spyware against opposition politicians and journalists on May 9 raised deep concern about abuses in Hungary and Poland and lamented a lack of cooperation with their inquiry. The spyware developed by developed …
People Moves: Chubb Appoints Homan to Lead International P/C Division
Chubb Appoints Homan to Lead International Property and Casualty Division Chubb today announced that Mark Homan has been appointed division president, international property and casualty for overseas general insurance, the company’s international general insurance operations, effective June 1. Currently, he …
Carolina-based ECM Solutions Merges with IMA Financial Group
ECM Solutions, known as the largest privately owned independent agency in the Carolinas, has agreed to merge with IMA Financial Group, a major North American insurance brokerage. ECM, which has 80 associates and offices in Charlotte, North Carolina, and in …
People Moves: Powers Insurance & Risk Management Promotes Jaboor to IT Associate
Powers Insurance & Risk Management Promotes Jaboor Powers Insurance & Risk Management has promoted Drew Jaboor to IT associate. Jaboor will assist with onboarding new employees, perform ongoing system training for all employees, and maintain the organization’s technology systems. Jaboor …
Storm Tears Roofs Off Buildings in Northern Missouri
TRENTON, Mo. (AP) – Severe storms tore the roofs off several buildings in northern Missouri and pelted the region with softball-sized hail. Grundy County Emergency Manager Glen Briggs told KSHB television that several buildings in Trenton, about 100 miles (160 …
Alera Group Acquires Texas-Based Sheridan
Alera Group, a national insurance and wealth services firm, announced the acquisition of Austin, Texas-based Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and risk management needs of the healthcare community. The Sheridan Insurance …