INSURANCE NEWS
Army Working to Fix Military and Traffic Controllers Communications at DC Airport
A hotline between military and civilian air traffic controllers in Washington, D.C., that hasn’t worked for more than three years may have contributed to another near miss shortly after the U.S. Army resumed flying helicopters in the area for the …
Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance
Insurance agency Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, announced its acquisition of Tobey & Merrill Insurance in Hampton. While the agency will operate under Davis & Towle’s ownership, it will keep the Tobey & Merrill name …
Swiss Re Profits Up Despite Losses from California Wildfires
Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier, well ahead of the $952 …
Rogue Communication Devices Found in Chinese Solar Power Inverters
U.S. energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside some of them, two people familiar with the matter said. Power inverters, which …
Cyberattack-Hit M&S Says Food Availability Improving Every Day
British retailer Marks & Spencer said on Thursday food volumes flowing from its distribution centers to its stores were back to normal levels after product availability was hit by last month’s cyberattack. “In chilled areas of our stores, customers can …
Morton Salt Settles Ohio Discrimination Case with $75,000 Payment
Morton Salt, Inc. will pay $75,000 and provide other relief to settle a race, disability and retaliation discrimination case filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, the affected employee …
Christian Dior Couture Client Data Breached in Cyberattack
Christian Dior Couture has been hit by a cyberattack, with hackers obtaining some of its customers’ data. LVMH’s second biggest fashion label said it recently discovered that an “unauthorized external party” accessed some of its customers’ data but no financial …
Texas Sweetens Pitch to CEOs, Boards With New State Protections
Texas is trying to entice more companies to ditch Delaware and incorporate in the state, just like Tesla Inc. and Space Exploration Technologies Corp. did last year at the behest of Elon Musk. Governor Greg Abbott is poised to sign …
Sedgwick Experts Outline Key Workers’ Comp Claims Trends
At last week's RIMS RISKWORLD conference in Chicago, experts from risk and claims administration partner Sedgwick outlined a few key workers' comp trends.
Estonia Says Russia Sent Jet After Attempt to Stop Sanction-Breaking Ship
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a “shadow fleet” defying Western sanctions on …
California DoorDash Driver Pleads Guilty to Stealing $2.5M in Deliveries Scam
A former food delivery driver pleaded guilty to conspiring with others to steal more than $2.5 million from DoorDash by getting the company to pay for deliveries that never occurred, federal prosecutors said. Sayee Chaitanya Reddy Devagiri pleaded guilty Tuesday …
People Moves: Delos Insurance Solutions Names Coffman CRO; Venbrook Promotes Lang
Delos Insurance Solutions Appoints Coffman CRO Delos Insurance Solutions appointed Jeremy Coffman to the newly created role of chief revenue officer. As CRO, Coffman focuses on expanding Delos’ agency, carrier, and business to business relationships, simplifying the producer engagement process, …