INSURANCE NEWS
North Dakota to Vote on Recreational Marijuana Legalization in November Election
BISMARCK, N.D. (AP) — A ballot initiative to legalize recreational marijuana in North Dakota has qualified for the November election, the state’s top election official said Monday. That sets up another vote on the issue in the conservative state after …
Tornado Havoc Has Ohio Residents Facing Week-Long Power Cuts
Thousands of FirstEnergy Corp.’s customers in Ohio will potentially be without power through this after two tornadoes hit the northeastern part of the state last Tuesday. About 252,000 customers of The Illuminating Company were still experiencing outages as of 2 …
North Dakota Commissioner Urges Property Damage Assessment After Flash Floods
In the wake of flash flooding in the Bismarck-Mandan area, North Dakota Insurance Commissioner Jon Godfread is reminding residents to take immediate steps to assess and document any property damage and to review their insurance policies to understand what is …
People Moves: FTI Consulting Names Thompson Senior Managing Director
FTI Consulting, Inc., headquartered in Washington, appointed Thomas Thompson as a senior managing director in Houston Thompson has more than three decades of experience in the construction and engineering industries. Before joining FTI, he was a managing director at Ankura. …
Russian Court Orders $1.2B of Linde UK Assets Be Frozen
A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday. RusChemAlliance, which filed the …
People Moves: Accredited Taps SCOR’s McMurdo to Lead UK, European Operations; Aon Promotes Barcock to Lead Aviation Reins., Admiral Stavridis Appointed to Board
This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operations Accredited Insurance …
Georgia Investment Manager Charged with Siphoning $6M from GEICO
A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for his own use. Dwayne Peterson Davis, 54, of Atlanta, was a business partner with GEICO in a multimillion-dollar commercial development …
What Latest Inflation Report Shows Overall and for Auto Insurance, Medical Costs
The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after declining 0.1 percent in June. Over the last 12 months, the all items index increased 2.9 percent. The core consumer …
Floods Threaten Europe as Searing Heat Gives Way to Storms
Extreme heat in parts of Spain and France is giving way to storms and flood warnings, while Greece is bracing for more blazes after the huge wildfire near Athens was brought under control. Orange alerts are in place for a …
An Estimated 290 Residences Damaged by Flooding From Lake Dammed by Alaska Glacier
Roughly 290 residences in Alaska’s capital city were damaged last week by flooding from a lake dammed by the Mendenhall Glacier, officials said. In addition to the homes and apartment and condo units, at least two businesses were damaged, Deputy …
People Moves: Chubb Appoints Ohsiek, Hagan and Le to Key Finance Posts
Chubb Appoints Ohsiek Chief Accounting Officer, Hagan CFO of Operations and Le as Chief Auditor Chubb made three executive appointments effective Sept. 4. Chubb appointed George Ohsiek as vice president and chief accounting officer of the Chubb Group. He currently …
Texas Sues GM for Allegedly Collecting Drivers’ Data, Then Selling it to Insurers
General Motors GM.N has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ …