INSURANCE NEWS
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty is headquartered in Boston, Massachusetts. Orloff most recently served …
Univ. of Texas System Pauses New DEI Policies
The University of Texas System’s board of regents said Wednesday it has put a pause on all new policies that promote diversity, equity and inclusion at its 13 university and health campuses and asked all school leaders to provide a …
Tx. Dental Practice to Pay Back Wages to Workers Fired for Raising COVID Concerns
Two workers at a North Texas dental practice will share $15,706 in back wages to be paid by the dentists who fired them for raising concerns about COVID-19 safety measures in Spring 2020, following a federal whistleblower investigation and litigation …
Insurers’ Digital Claims Tools Failing Customers: J.D. Power
Calling the trend “worrying,” J.D. Power’s new property claims satisfaction report indicated that insurers’ digital tools to speed the claims process are not pleasing homeowners insurance customers, especially for longer-tail claims tied to catastrophes. According to the J.D. Power 2023 …
Parts of Northern US Shut Down Ahead of Massive Winter Storm
MINNEAPOLIS (AP) – States in the northern plains are largely shutting down ahead of a massive winter storm that could dump up to 2 feet of snow in some areas, accompanied by strong winds and dangerously cold temperatures. The blizzard-like …
Norfolk Southern CEO Apologizes to Ohio Residents, Vows to ‘Do What’s Right’
Norfolk Southern NSC.N will take responsibility for cleaning up the environmental damage from this month’s train derailment and controlled detonation of hazardous materials in East Palestine, Ohio, its chief executive said on Wednesday. The comments by CEO Alan Shaw to …
Chubb Announces Name of New Global Climate Unit, Appoints 3 Execs
Chubb announced the name for its new global climate business unit, Chubb Climate+, while appointing three executives who have joined the business unit’s leadership team. Chubb Climate+, which was launched in January, will provide insurance products and services to businesses …
DOL Recovers OT Pay for NC Workers Misclassified as Independent Contractors
More than 180 workers at a North Carolina company will receive about $1,000 each in overtime pay after the U.S. Department of Labor found that the workers had been misclassified as independent contractors. “Employers who improperly misclassify employees as independent …
Bent Track a Factor in Deadly Montana Amtrak Crash
Investigators probing a fatal 2021 Amtrak derailment in Montana disclosed that the railroad track was bent along a curve near the accident site, and the problem got worse as freight trains traveled over the area before the crash. Details on …
Tanker Detained by Spain Did Not Cause Pollution, Turkish Manager Says
A tanker that was detained by Spain and accused of discharging fuel in open waters near the northeastern port city of Tarragona did not cause any pollution and followed regulations, its Turkish manager said on Wednesday. Spanish authorities said on …
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. “So long as these mismatched pockets persist, our growth will be more muted, …
Florida Art Dealer Pleads Guilty in Warhol Forgery Scheme
A South Florida art dealer pleaded guilty in federal court Tuesday in connection with a scheme involving the sale of fake Andy Warhol paintings. Daniel Elie Bouaziz, 69, pleaded to a single count of money laundering in Fort Pierce federal …