INSURANCE NEWS
Alliant Insurance Foundation Announces Education Partnership With Louisiana’s Southern University
The Alliant Insurance Foundation, in partnership with Southern University, the Louisiana Department of Insurance, and the Spencer Educational Foundation, has launched its first initiative, funding a risk management and insurance degree program at Southern University. Working in conjunction with the …
Texas Dental Practice Provider to Pay $25K Over Sex-Based Retaliation Lawsuit
SAN ANTONIO, Texas –Dental Health Products, Inc. (DHP), a nationwide provider of supplies and equipment to dental practices, will pay $25,000 and furnish equitable relief to settle a federal sex-based retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission …
Officials Waiting for Insurance Adjusters at Site of Chemical Plant Explosion
Officials from pharmaceutical manufacturer Seqens and the city of Newburyport, Massachusetts are waiting on insurance adjusters to show before beginning demolition and cleanup at the Seqens facility where a worker was killed in an explosion last week. The city has …
ICW Group Launches Commercial Package Offering in Illinois
ICW Group Insurance Companies, a group of property and casualty carriers, announced the launch of its new commercial package insurance offering in Illinois with plans to expand throughout the U.S. The introduction of commercial package grows ICW Group’s available products …
G&G Acquires Missouri’s Robbins Insurance Group
G&G Independent Insurance announced the acquisition of Branson, Missouri-based Robbins Insurance Group. The transaction became effective on May 1, 2023. G&G Independent Insurance has been serving the insurance needs of clients in Missouri and surrounding states for over 9 years. …
Senate Committee to Vote on Bipartisan Rail Safety Bill
The U.S. Senate Commerce Committee on Wednesday will vote on sweeping bipartisan rail safety legislation prompted by a Norfolk Southern-operated train derailment on Feb. 3 in Ohio. Committee Chair Maria Cantwell, a Democrat, said the legislation will mandate the use …
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting
John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber, responsible for …
Goldman Sachs to Pay $215M to Settle Gender Discrimination Lawsuit
Goldman Sachs Group Inc has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said. The plaintiffs, former …
Worker in Alaska Dies After Triggering Avalanche
An employee in Alaska’s Denali National Park and Preserve died when he was caught in an avalanche in the backcountry, not far from the park’s entrance, officials said. Eric Walter, who provided radio-based safety support and dispatch services for National …
West Virginia Fumigation Facility May be Barred by Zoning Rules
A West Virginia logging company hoping to locate a log-fumigation facility in the picturesque Allegheny Mountains won’t be allowed to build in that particular spot due to a zoning issue, a local official said. Allegheny Wood Products wants to construct …
Confie Acquires Miami-based Estrella Insurance
Confie, one of the largest personal lines insurance distribution companies in the U.S., has acquired Miami-based Estrella Insurance, a firm that has 190 offices in five states. “Estrella has built a strong franchising model well-known among Hispanic consumers and business …
Accountant Charged With $10 Million in Construction Workers’ Compensation Fraud
Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation insurance premium payments. Accountant Steve Lyon Lyon was charged …