INSURANCE NEWS
Alliant Response to Gallagher Poaching Suit: Female Employees Left Due to Poor Treatment
Alliant Insurance Services fired back at rival Arthur J. Gallagher in response to a request from Gallagher for a temporary restraining order against Alliant, accusing Gallagher of “rampant sexism, discrimination, and unfair treatment of women.” The request for a restraining …
Seattle Ending COVID Hazard Pay for Grocery Store Workers
The Seattle City Council has voted to end COVID-19 hazard pay for grocery store workers. The Seattle Times reports the council voted 5-2 on Tuesday, with Councilmembers Lisa Herbold and Teresa Mosqueda absent, to repeal a policy passed in early …
Surveillance, Posts Lead to Arrest of California Mechanic for Workers’ Comp Fraud
Richard James McGee, 47, of San Bernardino, California, was arraigned today on two felony counts of workers’ compensation insurance fraud after a California Department of Insurance investigation found he allegedly misrepresented injuries to his employer in order to receive more …
Alera Group Acquires Georgia Agency
Alera Group, an independent P/C and benefits firm, has acquired Jowers-Sklar Insurance, a Georgia-based independent agency specializing in property and casualty insurance in the Southeast. The agency serves Floyd County, Georgia, and the surrounding area, as well as clients in …
Hub Acquires Louisiana’s Bubrig
Hub International Limited announced that it has acquired the assets of Bubrig Insurance Agency, Ltd. Terms of the transaction were not disclosed. Located in Belle Chasse, Louisiana, Bubrig Insurance Agency is an independent agency providing personal insurance solutions, including home, …
PCF Acquires Professional Warranty Service of Virginia
Utah-based PCF Insurance Services (PCF) has acquired Professional Warranty Service Corp., a specialty insurance and home warranty company based in Chantilly, Virginia. Founded in 1995, PWSC provides risk management to the new home construction and property management industries. As a …
Union Mutual Invests in Vermont Solar Project
Union Mutual Insurance Co. recently announced its participation in community-owned solar project under development by the Acorn Renewable Energy Co-op of Middlebury. As the sole Series A member investor, Union Mutual has provided roughly one-third of the capital to construct …
Twitter Rejects Musk’s Claims That He Was Hoodwinked
Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims …
State Farm Alleges $2.6M Auto Insurance Fraud by New Jersey Chiropractors, Doctors
Insurer State Farm is fighting what it says is a fraudulent medical scheme that has been exploiting New Jersey’s personal injury protection (PIP) benefits law since 2014. The insurer is seeking to recover $2.6 million in what is claims are …
Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port
Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its Mediterranean …
World Insurance Associates Acquires Consumers Choice Underwriters
World Insurance Associates announced its acquisitions of Consumers Choice Underwriters Inc. of Miramar, Florida, on June 1. Terms of the transaction were not disclosed. Consumers Choice writes property/casualty insurance throughout Florida including homeowners, commercial and special event insurance. The agency …
Russian E-commerce Firm Ozon Assesses Damages After Massive Warehouse Fire
MOSCOW – Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow, but that there were no significant risks to its liquidity and operational activities. At least …