INSURANCE NEWS
ICW Group Launches Commercial Package Offering in Illinois
ICW Group Insurance Companies, a group of property and casualty carriers, announced the launch of its new commercial package insurance offering in Illinois with plans to expand throughout the U.S. The introduction of commercial package grows ICW Group’s available products …
G&G Acquires Missouri’s Robbins Insurance Group
G&G Independent Insurance announced the acquisition of Branson, Missouri-based Robbins Insurance Group. The transaction became effective on May 1, 2023. G&G Independent Insurance has been serving the insurance needs of clients in Missouri and surrounding states for over 9 years. …
Senate Committee to Vote on Bipartisan Rail Safety Bill
The U.S. Senate Commerce Committee on Wednesday will vote on sweeping bipartisan rail safety legislation prompted by a Norfolk Southern-operated train derailment on Feb. 3 in Ohio. Committee Chair Maria Cantwell, a Democrat, said the legislation will mandate the use …
People Moves: Coalition Hires Coletti From Swiss Re to Be Head of Cyber Underwriting
John Coletti, an cyber insurance veteran who was formerly the head of cyber reinsurance at Swiss Re, has been hired by Coalition as it head of cyber underwriting. At Swiss Re, Coletti was the head of global cyber, responsible for …
Goldman Sachs to Pay $215M to Settle Gender Discrimination Lawsuit
Goldman Sachs Group Inc has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said. The plaintiffs, former …
Worker in Alaska Dies After Triggering Avalanche
An employee in Alaska’s Denali National Park and Preserve died when he was caught in an avalanche in the backcountry, not far from the park’s entrance, officials said. Eric Walter, who provided radio-based safety support and dispatch services for National …
West Virginia Fumigation Facility May be Barred by Zoning Rules
A West Virginia logging company hoping to locate a log-fumigation facility in the picturesque Allegheny Mountains won’t be allowed to build in that particular spot due to a zoning issue, a local official said. Allegheny Wood Products wants to construct …
Confie Acquires Miami-based Estrella Insurance
Confie, one of the largest personal lines insurance distribution companies in the U.S., has acquired Miami-based Estrella Insurance, a firm that has 190 offices in five states. “Estrella has built a strong franchising model well-known among Hispanic consumers and business …
Accountant Charged With $10 Million in Construction Workers’ Compensation Fraud
Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation insurance premium payments. Accountant Steve Lyon Lyon was charged …
NC Youth Again Need Lerner Permits for Just Six Months Under New Law
The mandatory supervised driving period in North Carolina for young people before they can drive by themselves will be scaled back permanently after Gov. Roy Cooper said on Friday he’ll let a bill become law without his signature. The General …
People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta Signa Europe. A summary of these new hires follows here. BHSI Promotes Browne, Holmes to Global Underwriting Posts Berkshire Hathaway …
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re
While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much calmer affair, according to Swiss Re. “Overall, client and reinsurer expectations were …