INSURANCE NEWS
Georgia Insurance Agent Charged with Keeping Premium Refund Checks
A Georgia insurance agent is facing additional charges after she was arrested in July for allegedly keeping premium refund checks that were intended for policyholders. Kerri Monroe, 48, of Lyons, Georgia, in late July was charged with five counts of …
Amazon Keeps Growing, and So Does Its Cache of Data on You
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn’t want to halt its reach anytime soon. In recent weeks, Amazon has said it …
Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts
The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money that was intended for insurance claimants. The department on Aug. 18 revoked the public adjuster license issued to Kade …
Arthur J. Gallagher & Co. Acquires Louisiana-Based Watkins
Arthur J. Gallagher & Co. today announced the acquisition of Alexandria, Louisiana-based Watkins Insurance & Benefits, LLC, dba Watkins Group — Insurance & Benefits Specialists. Terms of the transaction were not disclosed. Founded in 2008, Watkins Group offers employee benefit …
People Moves: CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Mgmt Liability; Aon Strengthens Capital Advisory Unit to Drive Legacy Reinsurance Growth
CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Management Liability Team CNA Hardy has appointed Edward Crew as senior technical underwriter, and Oliver Devenish, as underwriter, to the London/Lloyd’s Management Liability team. Based in London and working across both Lloyd’s …
Record-Setting Wildfire in New Mexico Declared Contained
More than four grueling months and $300 million later, the federal government has declared the largest wildfire in New Mexico’s recorded history 100% contained, a notable milestone but just another step in what local residents and officials say will be …
Brink’s Driver Was Asleep During California Jewelry Heist, Lawsuit Says
One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote Southern California rest stop earlier this summer, when thieves broke a lock and stole millions of dollars worth of jewelry and gemstones, …
NCCI Recommends 8.4% Cut in Florida Workers’ Comp Rates for 2023
The National Council on Compensation Insurance is recommending an average 8.4% cut in workers’ compensation rates for the Florida voluntary market – the seventh straight reduction and double the size of the decrease for last year. The recommendation, which will …
Erie Insurance Launches Venture Capital Fund
Pennsylvania-based Erie Insurance has launched Erie Strategic Ventures to invest in innovations in risk avoidance, claims, underwriting, digital sales, agency productivity, and products and services for home, families and small businesses. Erie said the venture fund is stage and geography …
State Farm to Pay $100 Million to Federal Government for Hurricane Katrina Claims
State Farm Fire and Casualty Co. and two former claims-adjuster sisters, who more than 16 years ago filed a lawsuit claiming the insurer committed fraud against the government’s National Flood Insurance Program following Hurricane Katrina, have settled. According to documents …
Hub Acquires Winter Harbor Agency in Massachusetts
Global insurance broker Hub International reports it has acquired the assets of Winter Harbor Insurance Group. Located in Woburn, Massachusetts, Winter Harbor Insurance Group is an independent insurance agency providing commercial and personal insurance. Jimmy Aiken, president of Winter Harbor, …
Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case
Activists mounting one of the world’s first legal challenges over corporate greenwashing have expanded a case against gas producer Santos Ltd., raising fresh allegations about the company’s climate plans. A suit filed against the oil and gas producer is the …