INSURANCE NEWS
People Moves: Everest Insurance Appoints Corbo to Lead US Primary Casualty, Weiser to Lead US Excess Casualty
Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees the risk management and commercial casualty segments. With nearly …
What Is the Latest Science on Climate Change?
This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on climate change was released in …
Consumer Watchdog Facing Curbs, Scrutiny Following Trump Win
Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S. Consumer Financial Protection Bureau (CFPB), but the president’s populist leanings could leave room for some activity by the watchdog. The CFPB has long been …
2024 More of the Same Commercial Auto Insurance Segment After $5B Net Loss in 2023
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match the rising …
North Carolina Insurance Agent Charged with Embezzlement
A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement and …
Risk Strategies Acquires Felsen Insurance of New Jersey
North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …
New England Grocers Stop & Shop, Hannaford Coping With Cyber Attack
The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some locations. Ahold Delhaize USA confirmed the attack in …
Oklahoma Insurance Department Provides Post-Storm Tips
The Oklahoma Insurance Department is offering assistance to residents affected by the severe storms that hit the state in early November. Tornadoes and severe storms struck Oklahoma Nov. 2-4, injuring at least 11 people and causing damage to homes and …
People Moves: Christensen Group Adds Ritchey, Peterson in San Antonio Office
Christensen Group Insurance announced its strategic expansion into San Antonio with a pair of hires, adding to its presence in Austin and the broader Texas region. Christensen Group have added professionals Ryan Ritchey and Andrew Peterson to its Benefits team. …
Illinois Contractor Faces $287K Fine for Safety Violations
Federal inspectors have cited 595 Construction LLC – a Crystal Lake, Illinois contractor with a history of exposing employees to fall hazards – for eight safety violations after finding employees framing a residential structure without required protections three times at …
Minnesota County to Pay $3.4M to Settle Suit Over Detainee’s Death
MINNEAPOLIS (AP) — Minnesota’s most populous county will pay $3.4 million to settle a lawsuit that alleged jail workers ignored the pleas of a 41-year-old man who died of a perforated bowel after spending days begging to be taken to …
Iowa Couple Pleads Guilty to Insurance Fraud
An Iowa couple pleaded guilty to insurance fraud, forgery and theft, the Iowa Insurance Division announced. Des Moines – Lance Seastrand, age 52, and his wife, Staci Seastrand, age 56, of Davenport, were sentenced on October 31, 2024, after pleading …