INSURANCE NEWS
Worst Storm in Century Floods Seoul, Killing at Least 9, With More Rain Expected
More rain is on tap for areas of South Korea as Seoul tried to drain flooded train stations and repair cut power lines after one of the worst storms in more than a century hit the capital, killing at least …
Ex-Workers at Malaysia Supplier Sue Kimberly-Clark, Ansell Over Alleged Forced Labor
KUALA LUMPUR – Former workers at Malaysian rubber glove maker Brightway Holdings filed a lawsuit in the United States against Kimberly-Clark Corp. and Ansell Ltd., accusing them of “knowingly profiting” from the alleged use of forced labor at the supplier, …
UK Financial Services Firms Suffer From Record Skills Shortage
UK finance firms are struggling with its worst job vacancy rates on record, underlining the skills shortage caused by digitization in banking, investing and insurance. The industry had more than five vacancies unfilled for every 100 jobs between April and …
Taylor Swift Says She Couldn’t Plagiarize a Song She Never Heard
Taylor Swift says she couldn’t have ripped off the lyrics to her hit “Shake It Off” from a song she’d never heard before. Swift defended herself as the sole songwriter of the 2014 song in a sworn declaration filed Monday, …
Majority of Young Homeowners Expect Their Homes to Be Damaged by Extreme Weather in Next 30 Years
Young homeowners are more concerned about the damage climate change-related extreme weather could do to their homes, according to a new survey from Policygenius. The survey found that 72 percent of young insured homeowners (age 18 to 34) believe it …
Tennessee Launches its Own Captive Insurance Company for Cyber, Property
Tennessee regulators, who for years have touted the state as a comfortable home for captive insurance companies, have announced that the state government has created its own captive. The state is self-insured for property and general liability, but the Tennessee …
People Moves: Michael Smith Joins Palomar Insurance
Michael Smith has joined the Palomar Insurance Corp. sales team as an account executive specializing in transportation risk management. Palomar Insurance is headquartered in Montgomery, Alabama, with offices in Georgia, Tennessee, and South Carolina. It offers programs for U.S. and …
Eastern Insurance Acquires Burns Agency in Massachusetts
Eastern Insurance Group announced it has acquired the John T. Burns Insurance Agency in Newton, Massachusetts. Family-owned since 1892, Burns Insurance offers personal auto and home insurance from carriers including Arbella, Safety, Plymouth Rock, Hanover, Quincy Mutual and Vermont Mutual. …
PCF Insurance Acquires A Insurance in Utah
PCF Insurance Services acquired A Insurance Agencies in Utah. A Insurance is a personal lines insurance provider specializing in life, home, auto, and business. The firm has offices in Syracuse, Kaysville, and Marriott-Slaterville. Lehi, Utah-based PCF is a consultant and …
Gabby Petito’s Family Plans to File Utah Lawsuit Alleging Police Failed Her
Gabby Petito’s family this week notified Utah officials of plans to file a wrongful death lawsuit alleging that police failed to recognize their daughter was in a life-threatening situation last year when officers investigated a fight between her and her …
Jeff Nelson Appointed as Texas Commissioner of Workers’ Compensation
Texas Governor Greg Abbott has appointed Jeff Nelson as the Commissioner of Workers’ Compensation at the Texas Department of Insurance (TDI) for a term set to expire on February 1, 2023. TDI’s Division of Workers’ Compensation regulates the workers’ compensation …
When Logging Insurance Got Tough in Pacific Northwest, Firm Got Going with Its Own Program
When the going gets tough, the tough get going. That might be the most apropos slogan for Axe Insurance Group. The logging industry may be about as tough of a business as one will find. Not only is it well-known …