INSURANCE NEWS
People Moves: Hunter Joins Lockton Re in Stamford; Risk Strategies Names Rosenzweig in New York
Hunter Joins Lockton Re in New Stamford Location Jaimie Hunter has joined Lockton Re as a senior broker supporting client development with a focus on casualty business in North America. Hunter will be based in Lockton Re’s new Stamford, Connecticut …
Richmond National to Expand Headquarters in Virginia
Richmond National Group, Inc., a specialty excess and surplus lines insurance company, said it will invest $350,000 to expand its headquarters in Virginia’s Henrico County. The company said it will add 7,200 square feet of office space to its existing …
Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions
Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio launches with an ambition to attain a leading …
DeSantis vs. Disney: New Governing Board Countersues Entertainment Giant
Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s so-called “Don’t Say Gay” bill, Disney World’s governing board – made up of Gov. Ron DeSantis appointees – filed a lawsuit …
ChatGPT-Related Malware Is on the Rise, Meta Says
Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams. Since March, the social media giant has found …
SE University VP Sentenced for Defrauding School in Website Design Project
A former Florida college administrator has been sentenced to one year and three months in federal prison for defrauding the school out of $155,000 during a website redesign project. Brian Carroll, 47, of New Market, Tennessee, was sentenced Monday in …
Securities Broker Robinhood’s Fight Against Fiduciary Rule Before Massachusetts Court
Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. A subsidiary of Robinhood Markets Inc. and Massachusetts Secretary of …
Just Married, Then Hit by Alleged Drunk Driver: SC Bride Dies After Car Slams Golf Cart
A bride leaving her wedding reception was killed when a woman driving under the influence and well over twice the speed limit slammed into the back of a golf cart on a South Carolina beach road, authorities said. Data retrieved …
German Insurtech wefox Launches Global Affinity Business
wefox, the Berlin-based insurtech, has launched a global affinity business, which increases its existing distribution channel and extends the ability of the company to deliver insurance solutions through partners. This core business vertical is part of the company’s overall tech …
American Financial Group to Acquire Crop Risk Services From AIG for $240M
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under the terms of the transaction, AFG will pay AIG $240 million in cash …
Barclays Banker Alleges He Was Pigeonholed as ‘Aggressive Black Man’ in Lawsuit
A Barclays banker, one of three men of Cameroonian background to sue the bank in a joint London claim, alleges he has felt pigeonholed as an “aggressive Black man” in a lawsuit seeking almost 15 million pounds ($19 million) in …
UBS Inherits Legacy of Legal Headaches From Credit Suisse
When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff from the scandal-prone former rival through what Chairman Colm Kelleher dubbed a “culture filter” to weed out potential bad apples. …