INSURANCE NEWS
ALKEME Acquires Infinity Insurance Group in Idaho
ALKEME acquired the Infinity Insurance Group in Idaho. Infinity Insurance is an insurance agency with offices in Post Falls. Infinity Insurance broke away from its parent company in 2010 and has focused on providing auto, home, health, life and commercial …
U.S. Cites Another Poultry Producer in Compensation Sharing Conspiracy
The Department of Justice proposed an amended complaint and consent decree in the District of Maryland that would resolve claims that chicken producer George’s Inc. and George’s Foods conspired with other poultry processors for years to suppress workers’ wages by …
Davies Insurance Tech Group Names Morrissey COO
Nashville-based Davies Group, a rapidly growing professional services and technology firm serving the insurance industry, has named Jen Morrissey group chief operations officer. Morrissey was previously chief information officer with Unison Risk Advisors and was with Willis Towers Watson before …
AM Best: Current D&O Market Rates Could Prove Inadequate
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating agency AM Best said it remains to seen how long the reprieve can …
Risk Strategies Acquires Combined Underwriters of Miami
Risk Strategies, a specialty insurance brokerage with national reach, has acquired Combined Underwriters of Miami, an independent agency that offers commercial and personal insurance and benefits products in south Florida. Combined Underwriters has been around for 30 years, specializing in …
BP Unit to Pay Record $40M to Settle Air Pollution Civil Charges
A subsidiary of BP will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violated federal laws aimed at curbing emissions of cancer-causing benzene in wastewater and other harmful pollutants, the U.S. Justice …
Crypto Should Be Regulated as Gambling, UK Lawmakers Say
Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain, which wants to become a global hub for crypto and …
Stellantis Tells UK to Change Brexit Deal or See Car Plants Close
British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has warned, as Ford added its voice to the latest warning from the auto industry since Britain left the European …
New Hampshire Governor Sununu Urges State-Run Marijuana Shops
A day after New Hampshire legislators rejected the latest attempt to legalize recreational marijuana in the state, Gov. Chris Sununu – a potential Republican presidential candidate – proposed a path forward that is similar to how the state controls liquor …
Delaware Supreme Court Rules Franchise Law Does Not Ban Tesla Dealership
Delaware’s Supreme Court on Monday overturned a judge’s ruling upholding a decision by state officials to prohibit electric vehicle maker Tesla from selling its cars directly to customers. In a ruling last year, a Superior Court judge determined that Delaware’s …
Rudy Giuliani Denies Woman’s Claims of $2 Million in Unpaid Wages, Forced Sexual Acts
A woman who says she worked as an off-the-books employee for Rudy Giuliani during his stint as Donald Trump’s personal lawyer alleges in court papers that the former New York City mayor coerced her into sex and owes her nearly …
Mississippi Doctor Suspended and Charged with Sexual Battery
A Mississippi doctor has been arrested and had his medical license suspended over allegations that he fondled teenage patients. Dr. Mehul Dixit, 59, was charged with two counts of sexual battery in Hinds County, where sheriff’s deputies arrested him last …