INSURANCE NEWS
AGs: Lender Heaped Insurance Plans Onto Unwitting Borrowers
A Maryland-based lender deceived its loan customers by selling them insurance policies they didn’t ask for or know about in many cases, the attorneys general of a handful of states claimed in a lawsuit filed Tuesday in federal court in …
Transgender Workers’ Rights Widened in Court’s Disability Ruling
Transgender workers will gain broadened legal protections in the wake of a recent federal appeals court decision that gender dysphoria is covered by the Americans with Disabilities Act. Many transgender people suffer from gender dysphoria, which describes the distress caused …
Global M&A Hits 10-Year High, Says Clyde & Co.
The volume of global insurance industry mergers and acquisitions reached a 10-year high in the first half of 2022, up 9.5% from the same six months a year ago. According to Clyde & Co’s Insurance Growth Report mid-year update, the …
Judges Behind ‘Kids-for-Cash’ Ordered to Pay More Than $200M
Two Pennsylvania judges who orchestrated a scheme to send children to for-profit jails in exchange for kickbacks were ordered to pay more than $200 million to hundreds who fell victim to their crimes. U.S. District Judge Christopher Conner awarded $106 …
California Announces $1.9M Settlement with Health Insurer
California Insurance Commissioner Ricardo Lara announced a major settlement with National Health Insurance Co. The California Department of Insurance alleged that the company continuously violated California law since 2015 by failing to post a list online of covered prescription drugs …
MGA Euclid Transactional Opens Stockholm Office
Euclid Transactional, a New York City-based managing general agent that specializes in transactional insurance underwriting, announced the opening of a Stockholm office, which will be led by Vice President Willy Edholm Fjellstad. The new office will further strengthen the firm’s …
Florida Hospital Facing Hundreds of Lawsuits over Surgeon’s Allegedly Botched Operations
A Jacksonville hospital now faces hundreds of lawsuits alleging that a surgeon who reportedly had palsy caused serious injuries and corrective surgeries from 2016 to 2020. The Florida Times-Union newspaper and NBC News recently reported that at least 348 suits …
Viewpoint: The Connection Between Celebrations and a Strong Culture
What will draw employees to work and keep them engaged? If your organization is wrestling with that question, you’re not alone. Insurance employers – like those in many other industries – are struggling to retain employees and engender their loyalty, …
Killourhy to Take Helm at QBE Re, Succeeding Postlewhite; Liberty Mutual GRS Taps CRO From Aspen, CUO From Liberty Specialty
This edition of International People Moves details appointments at QBE Re and Liberty Mutual’s Global Risk Solutions. A summary of these new hires follows here. Killourhy to Take Helm at QBE Re, Succeeding Postlewhite QBE announced the appointment of Chris …
Georgia Boat Driver Indicted on Homicide Charges After Deadly Memorial Day Crash
A Georgia man was indicted on homicide charges Wednesday, after a Memorial Day weekend boat collision that killed five people. Mark Stegall was indicted on 10 counts of first-degree homicide by a vessel, USA Today reported. The man, age 45, …
SURE Expands Offerings in Storm-Prone North Carolina
SURE, a member-owned insurance company for coastal homeowners, has expanded to North Carolina, a market that continues to harden. The coverage will be underwritten by SageSure, the managing general underwriter for SURE, the company said in a news release. SURE …
Dollar General Fined Again for Safety at Georgia Stores
Dollar General faces nearly $1.3 million in penalties after government inspectors visited three of the chain’s stores in Georgia earlier this year and found worker-safety violations, federal regulators said Monday. The Occupational Safety and Health Administration said its inspectors found …