INSURANCE NEWS
People Moves: Ryan Hired to Lead AGCS North America; Goosehead Leadership Promotions; New Private Equity Head at LSM
Tracy Ryan will join the Allianz Global Corporate & Specialty SE Board of Management as Chief Regions and Markets Officer for North America. She succeeds William (Bill) Scaldaferri who has decided to leave Allianz after 23 years, 11 of which …
1 Dead, 9 Hurt in Stampede at Rap Concert in New York
Apparently false fears of a shooting at a rap concert in Rochester, New York, sent a crowd surging toward the exits, killing one person and injuring nine others, police said. The injuries at Sunday night’s concert featuring rappers GloRilla and …
Oregon Getting $420K From Nexo Securities Settlement
Oregon is set to receive more than $420,000 from a settlement with Nexo securities. The North American Securities Administrators Association and the U.S. Securities and Exchange Commission recently announced that a settlement has been reached with Nexo Capital, Inc. as …
Washington Insurance Commissioner Issues $25K in Fines to Producers, Carriers
Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $25,500 against insurance companies, producers, brokers and individuals who reportedly violated state insurance laws and regulations. Following is a breakdown of who was fined, how much and the reported offense. …
California Therapy Provider Cited $9M for Misclassifying 1,280 Employees
The California Labor Commissioner’s Office cited Feld Care Therapy Inc. in Westlake Village. More than $9 million for misclassifying 1,280 speech, physical and occupational therapists as independent contractors. The part-time workers, who traveled to clients’ homes to provide care, were …
Texas DWC Accepting Public Comments on Changes to Medical Exam Form
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on proposed changes to DWC Form-022, Request for a required medical examination (RME); DWC Form-031, Request to change payment period or purchase an annuity for death …
People Moves: Goodwin to Lead Marine Underwriters of America’s new Marine Claims Department
Goodwin to Lead Marine Underwriters of America’s new Marine Claims Department Marine Underwriters of America, a DOXA Insurance company and premier underwriter of ocean marine, inland marine and related properties, has hired Dustin Goodwin as the head of the new …
Norfolk Southern Promises $7M for Pennsylvania Communities Affected by Ohio Train Derailment
Norfolk Southern has promised to pay $7 million in relief to Pennsylvania communities affected by last month’s train derailment over the border in East Palestine, Ohio. Pennsylvania Gov. Josh Shapiro called the commitment “a starting point” and said he will …
Latest Ohio Train Derailment Poses No Public Risk, Officials Say
SPRINGFIELD, Ohio (AP) – Authorities in Ohio say there is no indication of any risk to public health from the derailment of a Norfolk Southern cargo train between Dayton and Columbus, the second derailment of a company train in the …
Univ. of Iowa Football Race Bias Suit Nears Settlement With Tax Money
A proposed settlement for more than $4 million has been reached in the lawsuit brought by former Iowa football players who alleged racial discrimination in coach Kirk Ferentz’s program. The office of State Auditor Rob Sand disclosed the proposed settlement …
Insurance Leaders Gather for Discussions on Charitable Giving, Impact of Initiatives
The Insurance Industry Charitable Foundation (IICF) recently hosted its 2023 IICF Media Roundtable. The March 2 event gathered leaders from 24 leading insurance organizations for a series of presentations focused on the state of charitable giving in the insurance industry …
JetBlue’s $3.8 Billion Spirit Deal Challenged in DOJ Antitrust Suit
The US Justice Department challenged JetBlue Airways Corp.’s $3.8 billion acquisition of Spirit Airlines Inc. Tuesday, filing an antitrust lawsuit seeking to block the deal. In a complaint filed in federal court in Boston, the Justice Department said the combination …