INSURANCE NEWS
Truist Acquires Premium Finance Firm From Bank Holding Company
Truist Insurance Holdings Inc., one of the largest U.S. brokerages and a part of Truist Financial Corp., announced that it has agreed to acquire the national premium finance company BankDirect Capital Finance from Texas Capital Bancshares. BankDirect will now become …
Vermont Settles Neglect Charges With 4 Residential Care Homes
The Vermont attorney general’s office has reached a settlement with the operator of four residential care homes in the Rutland area over allegations it failed to properly train staff and adequately document and monitor the delivery of services. In its …
Hub Acquires Miniter Group, a Lending Risk Insurance Specialist in Massachusetts
Global insurance broker HUB International Ltd. has acquired the assets of James L. Miniter Insurance Agency, Inc. Located in Rockland, Massachusetts, Miniter Group is a provider of lending risk products and services in the banking space, including outsourced insurance tracking …
Last Chance to Nominate for Best Agencies to Work For 2022
Is your agency a Best Place to Work? Then it’s time to nominate your agency as a “Best Agency to Work For.” To nominate your agency, you must be a current employee of the agency you are nominating. A MINIMUM …
Juul Reaches $439 Million Settlement Over Marketing to Children
Juul Labs Inc. reached an agreement in principle to pay $438.5 million to 33 states to resolve a two-year bipartisan probe into the e-cigarette manufacturer’s marketing and sales practices, particularly claims that it marketed addictive nicotine products to children. The …
People Moves: Jenkins Joins OGA; NavSav Names Walters CEO
Summer Jenkins Joins OGA Summer Jenkins recently joined One General Agency (OGA) as the Executive Director of Cannabis Insurance Wholesalers (CIW). CIW is a specialty division of the Oklahoma City, Oklahoma, agency. Jenkins has worked for some of the country’s …
People Moves: BMS International Names Aon’s Gillett as CEO; Aon Taps WTW’s Bruce to Lead Climate Risk Consulting
This edition of International People Moves details appointments at brokers BMS and Aon. A summary of these new hires follows here. BMS Names Aon’s Gillett CEO of BMS International BMS, the independent specialty insurance and reinsurance broker, announced the appointment …
Alera Group Acquires Texas’ Greenhill
Alera Group, a top independent national insurance and wealth services firm, today announced the acquisition of Houston, Texas-based Greenhill Insurance Services, a managing general underwriter and program manager with binding authority to underwrite professional liability programs throughout the country for …
KeyBank Reports Hackers of Third-Party Provider Stole Customer Data
Hackers stole personal data including Social Security numbers, addresses and account numbers of home mortgage holders at KeyBank, the bank reports, in the breach of a third-party vendor that serves multiple corporate clients. The hackers obtained the information on July …
Typhoon Hinnamnor Rips Across South Korea’s Industrial Region, Killing at Least 2
A powerful typhoon tore through South Korea’s southern industrial hubs on Tuesday, leaving at least two people dead, 10 missing and thousands displaced, authorities said. Typhoon Hinnamnor left the Korean peninsula early on Tuesday after battering the southeastern industrial cities …
No Indictment for Ex-Oregon Doctor Accused of Abuse, Still Faces Civil Suits
A Clackamas County grand jury has declined to indict a former suburban Portland, Oregon, doctor on criminal charges of sexual misconduct and abuse of patients, finding there isn’t enough evidence to prove the claims, the county district attorney’s office announced. …
People Moves: MEMIC Names Coaker Senior Underwriter in Georgia
The MEMIC Group, specialists in workforce safety, has hired John Coaker as senior production underwriter in the Southeast. Coaker, based in Georgia, has worked in the industry for more than two decades. He will work with agents to help grow …