INSURANCE NEWS
Alabama Congressional Aide Indicted on Insurance Fraud Charges
A congressional aide in Alabama has been indicted for insurance fraud and was placed on leave from her job. Alabama news outlets reported that Sherry McCormick, an aide to U.S. Rep Barry Moore, R-Enterprise, turned herself in to the Geneva …
Hilb Group Acquires New York’s Abatelli Agency
The Hilb Group reports that it acquired New York-based Abatelli Insurance Agency on Sept. 1, further expanding its presence in the tri-state area. Based in Whitestone, New York, Abatelli Insurance Agency is a third-generation family-run business that has served the …
In Ian’s wake, Dangers Worsen in Parts of Florida
People kayaking down streets that were passable just a day or two earlier. Hundreds of thousands without power. National Guard helicopters flying rescue missions to residents still stranded on Florida’s barrier islands. Days after Hurricane Ian carved a path of …
People Moves: Miller Launches Dedicated Bloodstock and Livestock Team, Led by WTW’s Horne; CNA Hardy Expands Teams Across Lines in Continental Europe
This edition of International People Moves details appointments at broker Miller and CNA Hardy. A summary of these new hires follows here. Miller Launches Dedicated Bloodstock and Livestock Team, Led by WTW’s Horne Miller, the London-based independent specialist re/insurance broker, …
Phone Alerts Responders After Car Hits Tree in Nebraska, Killing All 6
A passenger’s cellphone automatically alerted responders after a car hit a tree early Sunday in a Nebraska crash that killed all six of its young occupants, authorities said. Five men in the Honda Accord died at the scene of the …
Ardonagh Europe Completes Acquisition of Dutch Broker Léons Group
Ardonagh Europe Ltd., a subsidiary of The Ardonagh Group, announced that it has completed the acquisition of Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands. Headquartered in Amsterdam and founded in 1951 by Max Léons, …
NFP Unifies Irish Subsidiaries to Support European Expansion
NFP, the New York City-based property/casualty insurance broker and consultant, announced it will rebrand two acquired firms in Ireland: Aiken Insurances and ReSure Corporate Brokers. By combining the two firms’ commercial insurance expertise and capabilities, NFP said it is streamlining …
Norway Sends Soldiers to Guard Major Oil & Gas Plants After Nord Stream Leaks
Norway’s military said on Monday it had posted soldiers to help guard major onshore oil and gas processing plants, part of a wider effort to boost security amid suspicion that sabotage caused leaks in the Nord Stream gas pipelines last …
Tool to Measure Workplace Mental Health Backed by 40 Corporate Partners (Including AXA, Aon)
A coalition of corporate, academic and nonprofit partners including Bank of America Corp. and insurer AXA SA has developed a tool that employers can use to measure and improve the mental health of their workers. The assessment, known as the …
MGA Arcadian Risk Capital Gets Regulatory Approval for London, Dublin Companies
Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020” announced that it has received regulatory approvals for new London and Dublin companies. Arcadian UK standalone authorization was approved by the Financial Conduct …
UK Bond Market Crash Takes Shine Off Plans to ‘Unshackle’ City of London
Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off her “Big Bang” plan for financial services. Markets took fright last …
Michigan Supreme Court to Hear Car Insurance Case
The Michigan Supreme Court agreed last week to decide whether major changes in car insurance law apply to people who were catastrophically injured before summer 2019. The case is being closely watched by insurers, health-care providers and long-term victims of …