INSURANCE NEWS
US Airport Websites Knocked Offline by Pro-Russia Hackers
A pro-Russian hacktivist group is claiming credit for a series of disruptions that temporarily knocked the websites of some US airports offline. The group, called Killnet, has engaged in a series of cyberattacks in recent months against Western targets, including …
People Moves: Duffey at RPS, Drumwright at Starke Agency
RPS Elevates Duffey as President of Signature Programs Risk Placement Services, a specialty insurance distributor, announced that Russell Duffey will be president of its program administration division, known as RPS Signature Programs. Duffey, based in Georgia, joined RPS in 2000 …
Virginia Healthcare Firm Ordered to Pay $703K for Overtime Pay, Retaliation, Damages
The U.S. Department of Labor reported that it has obtained a default judgment to recover $703,609 in back wages and liquidated damages for 38 employees denied overtime pay by a Chesapeake, Virginia home healthcare company and its owner who officials …
$2.5M in Underreported Payroll by California Business Owners
Karamjit Nijjar, 57, his wife Rajinder Kaur Nijjar, 55, and their daughter Mandip Nijjar, 31, were arraigned today on four felony counts each for their involvement in a workers’ compensation insurance fraud scheme after allegedly underreporting over $2.5 million in …
C3 Risk and B. Wood in California Merge Employee Benefits Practice
C3 Risk & Insurance Services and B. Wood Insurance in San Diego, California, have joined to expand employee benefits plan services. The merger went into effect on Oct. 1. The company will operate under the C3 Risk & Insurance Services …
Jensten Group Completes Purchase of Ravenhall Risk Solutions
The Jensten Group, the UK-headquartered independent insurance broking group. has completed the acquisition of Ravenhall Risk Solutions, following final regulatory approval, bringing an additional 2,500 clients and 25 staff to the group. Leeds-based Ravenhall Risk Solution serves commercial and personal …
EU’s Russia Oil Sanctions, Effective in December, Are Already Hitting Nation’s Trade
European Union sanctions on Russian oil might still be eight weeks away, but they’re hitting trade in the nation’s crude already. The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo …
How One Computer Forecast Model Botched Hurricane Ian
As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and right. Much of the forecasting variation seems …
Lloyd’s Re/Insurer MS Amlin Underwriting Ltd. Promotes Carrier to CEO
MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced the appointment of Andrew Carrier as chief executive officer. Carrier, currently MS AUL’s chief underwriting officer (CUO), will take up the role on Jan. 1, 2023, subject to regulatory approval. …
Uber Executive’s Conviction Puts Spotlight on Secrecy About Hacking
The conviction of Uber Technologies Inc.’s former security chief on Oct. 5 has raised the specter that a high-profile criminal charge and newly expanded federal rules may force companies to be more transparent when it comes to reporting cybersecurity breaches. …
People Moves: MS Amlin’s Slabbert Named CEO of MSIG Holdings
U.S. insurer and reinsurer MSIG Holdings reported that Johan Slabbert has been named chief executive officer of the Warren, New Jersey-based company. Slabbert, currently CEO at MS Amlin Underwriting Limited, will assume the role on January 1, 2023, according to …
Hawaii Volcano Unrest, But No Signs of Imminent Eruption
Mauna Loa, the largest active volcano on the planet, is in a “state of heightened unrest,” but is not erupting and there are no signs of an imminent eruption, the Hawaiian Volcano Observatory said in an update. Last week, Hawaii …