INSURANCE NEWS
Trucking Firm Owner Pleads Guilty to Charges Related to Crash That Killed 7 Bikers
An owner of a now defunct trucking company agreed to plead guilty on Tuesday to federal charges related to a deadly crash in New Hampshire that killed seven motorcyclists. Dunyadar Gasanov, 39, pled guilty in Springfield, Massachusetts to three counts …
Best Agencies to Work For: Submit Now.
Is your agency a Best Place to Work? Then it’s time to nominate your agency for Insurance Journal’s “Best Agency to Work For” award. To nominate your agency, you must be a current employee of the agency you are nominating. …
Chicago Contractor Faces $268K Penalty for Exposing Workers to Deadly Fall Hazards
A federal workplace safety investigation has found that a metro-Chicago carpentry contractor with a long history of exposing employees to potentially deadly hazards again ignored regulations to protect workers from falls. For the seventh time since 2013, the U.S. Department …
Oklahoma Town to Pay $7M to Exonerated Former Death Row Inmate
EDMOND, Okla. (AP) — An Oklahoma city has agreed to pay more than $7 million to a former death row inmate who was exonerated after nearly 50 years in prison, making him the longest-serving inmate to be declared innocent of …
People Moves: Powers Insurance & Risk Management Promotes Winkelmann
Powers Insurance & Risk Management, headquartered in St. Louis, recently promoted Rachel Winkelmann to commercial lines account executive and trainer. As Powers’ new trainer, Winkelmann handles training and onboarding for new commercial lines team members. Before her promotion, Winkelmann worked …
People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine
This edition of International People Moves details appointments at the insurers Markel and QBE. A summary of these new hires follows here. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty Markel, the insurance operations within …
People Moves: Zurich Promotes Nolan to Head of Surety in US; Zink Joins Everest to Lead Specialty Underwriters
Zurich Promotes Nolan to Head of Surety in US Zurich North America, headquartered in Schaumburg, Illinois, has promoted Chris Nolan to head of surety in U.S. national accounts. Nolan, who is based in New Jersey, succeeds Bob Murray, who retired …
FirstEnergy Corp. to Pay $20M to Settle Ohio Bribery Scheme
The energy company at the center of a $60 million bribery scheme in Ohio will pay $20 million and avoid criminal charges as part of a deal with state prosecutors to resolve its role in the scandal. Akron-based FirstEnergy Corp. …
Pressure Mounts on Texas Regulator as ‘Zombie’ Oil Wells Spill Toxic Fluids
PECOS COUNTY, Texas – On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that had sprung back to life despite being plugged …
U.S. Auto Insurers’ Strong Performance to Continue Through 2025: Fitch
More favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025 due to material price increases and a moderation of claims severity trends “vastly” improving the segment’s profit footing, …
J&J Eyes Texas as Venue for Next Round of Baby Powder Fight
Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, …
UNC Launches Risk Management Institute with IAP’s Ursano Chair of Advisory Board
The University of North Carolina at Chapel Hill announced it is launching an Institute for Risk Management and Insurance Innovation, an interdisciplinary research and innovation center. “The new institute will conduct research that improves our understanding of society’s emerging financial …