INSURANCE NEWS
Focus Acquires Ohio-Based Alpha Insurance Group
Focus Financial Partners, a partnership of independent, fiduciary wealth management firms, announced that it has entered into a definitive agreement under which Alpha Property & Casualty, Inc., a licensed insurance agency in Westlake, Ohio, will join Focus partner firm Ancora …
Ohio House Fire Injures 5 Firefighters
Five firefighters were injured while battling a house fire in Ohio over the weekend, authorities said. Officials said the blaze was reported in a home in Springfield at about 2 p.m. Tuesday. Assistant Chief Matt Smith said crews were on …
Strong Category 4 Hurricane Ian Poised to Become One of the Costliest
With maximum sustained winds of 155mph as of midday Sept. 28, Hurricane Ian is just shy of Category 5 status and is expected to make landfall on the Gulf coast of Florida between Sarasota and Naples. The National Hurricane Center …
QBE Sells Irish Casualty Renewal Rights to Ascot, as Part of Phased Withdrawal
QBE announced the sale of select Irish casualty commercial insurance portfolios to the Ascot Group via a renewal rights transaction. The sale follows QBE’s decision earlier this year to conduct a phased withdrawal from underwriting certain Republic of Ireland-domiciled direct …
Fast Company Shuts Website After Hack Sends ‘Obscene’ Apple News Notifications
U.S. business and media publication Fast Company said it shut down its website on Tuesday evening after the site was hacked and sent “obscene and racist” notifications to Apple users via the iPhone maker’s Apple News service. News publishers using …
Unlicensed Louisiana Agent Arrested for Insurance Fraud
In June 2021, Troopers from Louisiana State Police Insurance Fraud/Auto Theft Unit New Orleans Field Office (LSP-IFAT-NFO) began an investigation into a Marrero business providing fraudulent insurance policies. Troopers received information from the Louisiana Department of Insurance (LDI) that representatives …
Louisiana Furniture Retailer Sued for Race Discrimination
Affordable Rent-to-Own, LLC, doing business as Affordable Home Furnishings, a furniture retailer and lessor in Baton Rouge, Louisiana, violated federal law when it subjected an African American manager-in-training to a hostile work environment and then discharged him in retaliation when …
Acrisure Buys UK Broker CRK Commercial Insurance Services Ltd.
Acrisure, the fintech company that operates a top-10 global insurance broker, announced it had acquired CRK Commercial Insurance Services Ltd., the specialist commercial schemes provider. Financial details of the deal, which is expected to close in early October, were not …
New York Bus Driver Pleads Guilty to $30K Workers’ Compensation Fraud
A New York bus driver faces sentencing for fraudulently collecting more than $30,000 in workers’ compensation wage indemnity benefits by falsely claiming that she was unable to work as a result of a disability, officials announced. State Inspector General Lucy …
Employees Sickened by Substance at California Plastics Recycler
Authorities say nine people were taken to the hospital this week after being exposed to a caustic substance at a California plastics recycling company. Seven workers had breathing problems or other symptoms while two firefighters who entered the building were …
Alliance 360˚ Acquires M.I. Insurance Solutions in California
Alliance 360˚ Insurance Solutions acquired M.I. Insurance Solutions, located in Cypress, California. M.I. Insurance Solutions was founded in 2005 as a joint venture between The J. Morey Company and Miyuki Inouye to provide clients with life and health benefits for …
OSHA Seeks $1.2M Fine From Demolition Firm in Fatal Boston Garage Collapse
A heavy equipment operator doing demolition on the eighth floor of the Government Center garage in downtown Boston died on March 26, 2022, when the partially demolished floor collapsed, and the 11,000-pound excavator and its operator fell 80 feet. It …