INSURANCE NEWS
People Moves: Liberty Specialty Markets Promotes Edwards to Lead New Delegated Authority Practice; BHSI Promotes Claims Execs Barker and Kelleher in UK
This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Liberty Specialty Markets Promotes Edwards to Lead New Delegated Authority Practice Liberty Specialty Markets …
Texas Wireless Retailer to Pay $30,000 over Sexual Harassment Suit
Al Meghani Enterprises, Inc., doing business as The Wireless Solutions, a specialty retailer of wireless products, services and accessories, has agreed to pay $30,000 in damages and furnish other relief in order to settle a lawsuit for sexual harassment and …
People Moves: Hyde to Lead Erie DEI; Hilb Names Cohen Carrier Relations Head; Trokan Westfield’s Head of Cyber; 3 Senior Hires at Magnolia Grove
Erie Insurance names diversity, equity and inclusion leader Lance Hyde to VP role Erie Insurance has named Lance Hyde to the role of Vice President of Diversity, Equity and Inclusion (DEI). Hyde brings more than 15 years of experience in …
Mississippi Man Pleads Guilty to Faking His Death to Avoid Sex Charges
A Mississippi man, a former veteran of combat in Iraq, has pleaded guilty to faking his own death in order to disappear and avoid charges that he sexually abused a 14-year-old girl. Jacob Blair Scott was facing charges of assaulting …
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability of property/casualty insurers in 2022-24, according to the London-based data and analytics company GlobalData. Premium growth is expected to be …
Meta Reaches $37.5 Million Settlement of Facebook Location Tracking Lawsuit
Meta Platforms Inc. reached a $37.5 million settlement of a lawsuit accusing the parent of Facebook of violating users’ privacy by tracking their movements through their smartphones without permission. A preliminary settlement of the proposed class action was filed on …
Washington Regulators Fine Wireless Company After Fatal Fall
Washington state regulators fined a wireless company $12,000 for safety violations after the death of a cellphone tower worker near Arlington last year. Michael Vasquez was working on a Crown Castle cell tower on Dec. 4, 2021 when he fell …
People Moves: Andersen Joins Choice Financial Group as President
Andersen Joins Choice Financial as President and COO Michael J. Andersen has joined Choice Financial Group as president and chief operating officer. Andersen brings 37 years of experience in the insurance industry to the Virginia Beach, Va. firm, including 20 …
State Farm Sues Amazon to Recover New York Homeowner Claim
State Farm Fire & Casualty is trying to get Amazon to reimburse it for a payment it made to cover damages to the home of one of its New York insureds. State Farm and its insured claim that the damage …
Europe’s Drought May Be Worst in at Least 500 Years: Report
Europe is currently in the throes of a drought that appears to be the worst in at least 500 years, according to a preliminary analysis by experts from the European Union’s Joint Research Center. Some 64% of the EU is …
Children’s Hospitals Harassed Over Transgender Care Programs
Doctors and other staffers at Boston Children’s Hospital are being threatened with violence over its surgical program for transgender youths, administrators said, and other U.S. children’s hospitals are also being harassed online. Boston Children’s is home to the first pediatric …
Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources
Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion market for wealth products. …