INSURANCE NEWS
Illinois’ Miller Mid-America Joins VIAA
Springfield, Illinois-based Miller Mid-America Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2022, the veteran-owned and operated Miller Mid-America Insurance Agency was created …
Boeing Arranged in Texas Court Over Max Jet Crashes
FORT WORTH — In an unusual proceeding for a corporation accused of a crime, Boeing officials were arraigned Thursday in a federal courtroom in Fort Worth for the company’s actions leading to two plane crashes in Indonesia and Ethiopia in …
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60% with loss-affected clients seeing even higher prices, according to John Doyle, president and chief executive officer of Marsh McLennan Cos. …
New York Prosecutors Allege Workers’ Comp Premium Fraud in Two Schemes Worth $10M
Manhattan District Attorney Alvin Bragg, Jr. within the past week announced two separate indictments alleging workers’ compensation fraud, one totaling $7 million in premiums and the other, $3 million. In one case, Juan Escobar, and his drywall and carpentry companies, …
Worker Falls to His Death on Ship at Port of Los Angeles
A worker fell to his death on a ship at the Port of Los Angeles, authorities said. He fell about 50 feet from an upper deck to a lower one shortly before 5 p.m. on Wednesday, the Los Angeles Fire …
Dollar General Cited Again for Safety Issues: $15M in OSHA Fines Since 2017
Dollar General Corp. is once again facing stiff penalties for workplace safety violations, this time in Florida and Alabama. The U.S. Department of Labor said that just weeks after the nationwide chain of discount stores was hit with citations for …
Kentucky Contractors Workers’ Comp Insurance Fund Moves Into First Physical Headquarters
One of the largest providers of workers’ compensation insurance in Kentucky has a new home. Or, rather, a home – its first physical headquarters. The Kentucky Associated General Contractors Self Insurers’ Fund has brought all operations in-house, added staff and …
People Moves: Insurtech Send Expands With Riley in Marketing; NFP Hires Smith for Employee Benefits
Insurtech Send Announces Senior Hire for North American Expansion Insurtech Send Technology Solutions Ltd. has appointed New York-based Charlie Riley as vice president of marketing, North America, following a $10 million Series A funding round in November 2022. This is …
$1.5B Dike Repair Finally Done at Florida’s Okeechobee, Protecting Thousands of Home
After 18 years, a $1.5 billion project was officially completed to repair the sprawling dike around Florida’s Lake Okeechobee that protects thousands of people from potentially catastrophic flooding during hurricanes. The Herbert Hoover Dike project overseen by the U.S. Army …
Report on Mass Shootings Urges Workplace Violence Prevention Plans
As the nation reels from a week of high-profile shootings, a new report on mass attacks calls for communities to intervene early when they see warning signs of violence, encourages businesses to consider workplace violence prevention plans and highlights the …
‘A Tale of Two Halves’ for 2022’s Insurance Mergers and Acquisitions
Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and acquisitions were announced in 2022 – down 8% from 2021. A significant rise in interest rates and economic uncertainty may …
CFOs Now Occupy Hottest Seat in Boardroom and Most Acute Labor Shortage
It’s not just truck drivers and nurses. The most acute labor shortage for many companies right now is the chief financial officer. Assignments for CFO appointments across Europe, the Middle East and Africa are up almost a third on this …