INSURANCE NEWS
How Vermont Community Helped One Family Recover After Floods Took Everything
The last thing John and Jenny Mackenzie saw as they fled their Vermont home with their daughters, dog and two guinea pigs last summer was their cars upended and propelled away by rushing flood waters. Minutes earlier they had abandoned …
Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows
Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …
Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy
The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate boardrooms, especially as the global political environment grows more unstable. Brian …
Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions
Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. Financial details of the deal were not disclosed. Verlingue said this …
Texas-Based Upland Expands Into Product Recall
Upland Capital Group announced it is expanding into a new market with the introduction of a Product Recall product to its portfolio. The new product focuses on product defect coverage for component parts and consumer goods as well as food …
JPMorgan Bolsters Florida Bet With 300 New Jobs in Orlando
(Bloomberg) — JPMorgan Chase & Co. plans to hire 300 people in the Orlando area over the next two years, part of the largest US bank’s expansion in the South. The firm will renovate its 250,000-square-foot (23,226-square-meter) campus in central …
People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity
This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln — and the managing general agent Coalition. A summary of these new hires follows here. Karmilowicz to Resign as Chair …
Judge Dismisses Suit Over Savannah Outlawing Guns Left in Unlocked Cars
SAVANNAH, Ga. (AP) — A judge has thrown out a lawsuit by a Georgia gun owner who sought to challenge a Savannah city ordinance that imposes fines and potential jail time for people who leave firearms inside unlocked cars. The …
People Moves: Brecht & Associates Names Jennifer Brecht as President and COO
Brecht & Associates announced the promotion of Jennifer Brecht to president and COO. Brecht has held various leadership positions, most recently as vice president of finance and marketing. Brecht was recently appointed to the Board of Directors of the Texas …
Minnesota Company Fined $730K After Worker Drowns Removing Lake Weed
The Minnesota Department of Labor and Industry’s (DLI’s) Minnesota OSHA (MNOSHA) Compliance announced it has has issued a $730,000 penalty to Your Lake Aquatic Plant Management, LLC, in Columbia Heights, Minnesota, for commercial diving standard violations after a worker drowned …
South Carolina Drunk Driver Who Hit Bride on Wedding Day Sentenced to 25 Years
A woman who admitted to drinking and who was driving well over twice the speed limit when she smashed into a golf cart, killing a bride who had just got married at a South Carolina beach, was sentenced Monday to …
People Moves: EPIC Adds Frechmann, Mayfield and Snitzer in Midwest Region
EPIC Insurance Brokers & Consultants announced an expansion of its expertise in specialized areas with the addition of three new professionals in the Midwest. Rick Frechmann, Joleen Mayfield, and Bradley Snitzer bring decades of experience in employee benefits consulting and …