INSURANCE NEWS
Financial Conduct Authority Fines JLT Specialty £7.8 million
The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime control failings, which in one instance CFA said allowed bribery of more than $3million to take place. JLT Specialty, which …
New Research Reveals U.S. Gas Pipeline Leaks Have Not Improved
Over 2,600 hazardous gas pipeline leaks in the United States caused more than $4 billion in damages and emergency services, killed 122 people, and released 26.6 billion cubic feet of fuel as methane or carbon dioxide, according to a report …
Alacrity Solutions Acquires Property Damage Appraisers In Texas
Alacrity Solutions Group LLC acquired Property Damage Appraisers in Fort Worth, Texas. PDA is an independent specialty and auto damage appraisal firm.. PDA’s corporate The transaction with PDA is Alacrity’s 11th acquisition since 2015. Alacrity Solutions, based in Fishers, Indiana, …
People Moves: Safety National Shuffles Management, Names Hercules New CEO
Safety National Casualty Corp. said as of June 14 it made changes to its executive management structure and moved Duane Hercules from president to CEO. Mark Wilhelm, formerly chairman and CEO, became executive chairman. Here, Wilhelm will be responsible for …
No Injuries Reported From New Jersey Forest Fire Now Largely Contained
A forest fire burning in southern New Jersey was 95% contained as of late afternoon Tuesday, and firefighters were confident it would not spread beyond perimeter lines they had created. The fire in Wharton State Forest is believed to have …
UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers
Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance ministry has proposed scores of changes to rules governing …
Former Tallahassee Mayor, Who Almost Defeated DeSantis in 2018, Indicted on Federal Charges
The former mayor of Tallahassee, who came close to defeating Ron DeSantis in the Florida governor’s race in 2018, has been indicted on federal charges of fraud and making false statements while mayor and as a candidate for governor. Andrew …
People Moves: Zurich Names Chiddick Midwest Regional Manager; Omaha National Appoints Connolly as COO
Gerald Chiddick Named Regional Executive for Midwest Region for Zurich North America Gerald Chiddick has been named regional executive for the Midwest region for Zurich North America, effective June 16. He will report to Carl Sutter, head of distribution & …
What Factors Could Drive Northern Hemisphere Tropical Cyclone Risk This Season?
This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. With June 1 heralding the official start of the 2022 North Atlantic hurricane season, Tropical Storm Alex already on the scoreboard, and …
Russian Hackers Also Focused on US and NATO Since Invasion
Russia is expanding its espionage and influence operations against Ukraine and its allies, including malicious cyber activity that requires a coordinated, robust response, Microsoft Corp said in a report published Wednesday. Russia has deployed a three-pronged strategy of coordinated military, …
Tesla Worker Rejects $15M Payout in Race Bias Lawsuit
A Black former elevator operator at Tesla Inc’s flagship California assembly plant on Tuesday rejected a $15 million award in his lawsuit alleging racial abuse by coworkers, opening the door for a new trial after a judge slashed a $137 …
Texas Top Cop Says Uvalde Police Could’ve Ended Rampage Early on
Police had enough officers on the scene of the Uvalde school massacre to have stopped the gunman three minutes after he entered the building, and they would have found the door to the classroom where he was holed up unlocked …