INSURANCE NEWS
Highstreet Partners Adds 2 Pennsylvania Agencies
Michigan-based independent insurance agency Highstreet Insurance Partners reports it has acquired two Pennsylvania insurance agencies: Lock Haven-based Davis Insurance Agency and Bensalem-based Michael Pigott Agency. Both firms will join Highstreet’s Northeast Region and will report to James Hutchinson, chief marketing …
Allstate’s Plan to Return to Profit in Auto
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company’s number one priority: improve margins. Allstate ended 2022 with an unprofitable 110.1 combined ratio in auto – 112.6 for the …
Massachusetts’ MKS Instruments Investigates Ransomware Attack
MKS Instruments Inc. said on Monday it was investigating a ransomware attack that occurred last week and affected the semiconductor equipment maker’s production-related systems. The company said it was in the early stages of investigating the attack that it identified …
U.S. Military Members Suing 3M Seek Dismissal of Subsidiary’s Bankruptcy
Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies‘ bankruptcy, accusing the company of using bankruptcy to shield itself from litigation, which has grown into …
Chicago Suburb Settles $12M Lawsuit Over Boy’s Shooting
CHICAGO (AP) – The family of a suburban Chicago boy who was 12 when an officer shot him in the knee during a 2019 police raid will receive $12 million under a settlement of the family’s lawsuit. The settlement, which …
Some Austin, Tx. Homes May Be Without Electricity For Another Week
Nearly 95% of Austin now has electricity after last week’s winter storm, but the city’s utility says some of the fewer than 30,000 homes and businesses still without power Sunday night might have to wait another week for it to …
Fatal New York Plane Crash Blamed on Damaged Engine
A small plane that crashed last month as it approached a suburban New York airport, killing two people on board, had a damaged engine that led the aircraft to bleed oil, according to an investigation by National Transportation Safety Board. …
Sinkhole Opens in California, Nearly Swallows Fire Engine
A water main burst under a Hollywood street in California, creating a sinkhole that almost swallowed a fire engine and showering a home with so much water the roof collapsed, the Los Angeles Fire Department said. Flooding was reported around …
Appeals Court Upholds Sanctions Against Florida Insurance Defense Attorney
A Florida appeals court has issued a sharp rebuke to an insurance defense attorney, upholding sanctions and charging that he has engaged in a pattern of conduct designed to trigger mistrials. Dale Gobel, of Orlando, made “intentionally misleading and deceptive …
People Moves: Connecticut Department Names Callanan as General Counsel; Hanover Appoints Williams E&S President
Connecticut Insurance Department Names Callanan as General Counsel Connecticut Insurance Commissioner Andrew N. Mais has named Jane Callanan, of Wallingford, his department’s new general counsel. Before taking on this newest role, Callanan was in private practice with Willkie Farr & …
NLRB Allows Union Vote at Nissan Plant in Tennessee
Fewer than 100 employees out of the thousands who work at Nissan’s auto assembly plant in Tennessee can hold a vote on whether to form a small union, the federal labor board has decided. The ruling last week by the …
Ascot Names Zaffino as Group President & CEO, Following Retirement of Brooks
Ascot Group announced the appointment of Jonathan Zaffino as group president & chief executive officer (CEO), following the retirement of Andrew Brooks, effective immediately. Zaffino will also join the Board of Directors, while Brooks will continue to serve as a …