INSURANCE NEWS
Florida Condo Manager, Contractor Charged in Alleged $186,000 Kickback Scheme
A contractor and a south Florida condominium property manager have been charged in a kickback scheme. Richard Thomas Murray, 62, head of AP Construction Solutions, of Pompano Beach, was charged last week with providing $186,000 to Carlos Jose Mejia, property …
US Tracking Cyber Threats Against Nearly 20 Ships Worldwide
US government agencies are tracking cyber threats against nearly 20 shipping vessels around the world, according to US officials familiar with the situation. The Coast Guard has asked for advance notice if any of those ships plan to come into …
Radiant World Seeks $2 Billion From Glencore in Lawsuit
Iron ore trader Radiant World Corp and related companies have filed a lawsuit against commodities giant Glencore in Singapore’s High Court, seeking more than $2 billion in damages over allegations of fraud, breach of contract and conspiracy. A copy of …
EU Calls for European Security Council in New Defense Plan
The European Union proposed creating a security structure with like-minded allies to confront growing threats amid doubts about President Donald Trump’s commitment toward the North Atlantic Treaty Organization. European Commission President Ursula von der Leyen floated a so-called European Security …
Ag Tech Company to Pay $65K to Settle Discrimination Charges
Lely North America, Inc., an international agricultural technology company headquartered in Pella, Iowa, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC’s charge investigation found that Lely violated …
Insurance Industry Charitable Foundation Names Timmins Southeast Region Chair
The Insurance Industry Charitable Foundation has named Sabrina Timmins, a senior vice president at CNA insurance, as chair of the foundation’s Southeast region. Timmins heads the South regional for Chicago-based CNA, one of the largest commercial insurers in the United …
Inactive Texas Oil and Gas Wells to Go Under Review
A legislative committee will hear from the Texas Railroad Commission on Tuesday as the agency prepares to update its rules for inactive oil and gas wells, now required under state law. The Railroad Commission regulates oil and gas production. It …
People Moves: Alliant Names Black to Midwest Employee Benefits Team; American Ag Points Ealey as VP, International Brand Awareness
Jeff Black has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group. The Chicago-based consultant will advise a diverse portfolio of clients on human capital and benefits strategies designed to support growth, organizational transformation, and critical …
Zuckerberg Says AI Labs Have Enough Incentive to Build Safely
Meta Platforms CEO Mark Zuckerberg said on Tuesday that competition and liability give AI companies enough reason to act individually on safety, appearing to break from calls by leaders of top AI firms for a coordinated slowdown in AI development. …
A-Cap Insurers Face South Carolina Claim They’re ‘Financially Hazardous’
Insurers run by Advantage Capital Holdings — and slated for takeover by Oaktree Capital Management — are facing a state regulator’s calls for emergency intervention over claims they’re in a “financially hazardous” position. Atlantic Coast Life Insurance Co. and reinsurance …
Humans Still Matter to Insurance Consumers, Says Big ‘I’ Survey
There is some good news, according to the Independent Insurance Agents & Brokers of America, as the use of artificial intelligence proliferates across the industry. People still prefer people. A survey commissioned by the Big “I” found 87% of consumers …
TV News Helicopter Crash in Los Angeles Kills Three People
Three people were killed and one injured when a TV news helicopter crashed between two commercial buildings in the Chatsworth neighborhood of Los Angeles, the city’s fire department said. The helicopter was providing coverage for KNBC and Telemundo 52, the …