INSURANCE NEWS
People Moves: Kerton Joins IOA’s P/C Division
Insurance Office of America has hired Kevin Kerton to its property and casualty division in Bonita Springs, Florida. As a commercial lines risk advisor, Kerton will focus primarily on construction and manufacturing. Kerton has more than 20 years of industry …
Washington Commissioner Fines Insurers, Producers
Washington Insurance Commissioner Mike Kreidler issued fines in December totaling $55,500 against insurance companies, producers, brokers, and individuals who violated state insurance laws and regulations. Following is a list of those fined, the amounts fined, and what the commissioner’s office …
Meta’s WhatsApp Fined 5.5M Euro by Lead EU Privacy Regulator
Meta’s WhatsApp subsidiary was fined 5.5 million euros ($5.95 million) on Thursday by Ireland’s Data Privacy Commissioner (DPC), its lead EU privacy regulator, for an additional breach of the bloc’s privacy laws. The DPC also told WhatsApp to reassess how …
People Moves: Church Mutual Names New President; UFG Appoints Stephenson as New COO
Church Mutual Names New President Church Mutual Insurance Company, S.I. 1, has promoted Alan S. Ogilvie to president of the company. Rich Poirier, current president and CEO, will retain his CEO responsibilities. Ogilvie also will join Church Mutual’s Board of …
TWIA to Pursue $2.9B in Reinsurance for 2023 Storm Season
The Texas Windstorm Insurance Associated (TWIA) board of directors voted Thursday to authorize broker Gallagher Re to pursue $2.92 billion in reinsurance for the 2023 storm season. The TWIA board also voted to establish $4.5 billion as the 1:100 probable …
New Mexico DA Charging Baldwin, Armorer in Movie Set Death
New Mexico First Judicial District Attorney Mary Carmack-Altwies announced on Thursday that her office will file criminal charges in the “Rust” film-set shooting against actor and producer Alec Baldwin and armorer Hannah Gutierrez-Reed. Each will be charged with two counts …
U.S. EPA Seeking to Focus on Climate Mitigation
The U.S. Environmental Protection Agency is proposing adding mitigating climate change to its national focus over the next four years. The EPA on Thursday announced it’s considering adding environmental justice, climate change, and PFAS (Per- and polyfluoroalkyl substances, human-made chemicals …
Cable Company Subcontractor Dies After Fall From Bucket Lift in Maine
RANGELEY, Maine (AP) — A cable company subcontractor died after falling from a bucket lift that encountered utility wires while the vehicle was traveling on a road, officials said. The man was in the bucket, which was extended, when it …
TWIA to Determine Probable Maximum Loss for 2023 Storm Funding
The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML) for the 2023 storm season. TWIA is statutorily required to purchase enough reinsurance to meet the 1:100 year PML. Last …
Deaf Student’s Lawsuit at Center of Supreme Court Case
The Supreme Court on Wednesday will hear a case that could make it more difficult for students with disabilities to resolve problems quickly when they’re not getting needed assistance in public schools. The question for the justices involves a federal …
Kansas Insurance Dept. Recovers $7.6M for Policyholders
The Kansas Insurance Department announced it has recovered more than $7.6 million for Kansans in 2022, the largest single-year recovery in department history. Funds considered “recovered” are calculated when department staff assists individuals in need of support during their insurance …
FDA Charges Florida Pharma Supplier with Re-Selling Suspect Drug Ingredients
The U.S. Food and Drug Administration is asking a federal court to bar a Florida drug company from making or shipping any more adulterated pharmaceutical ingredients and products that do not meet quality control standards. In a lawsuit filed in …