INSURANCE NEWS
People Moves: Skyward Specialty Expands Media Liability Team
Skyward Specialty Insurance Group, headquartered in Houston, named three new members to its media liability team Andrea Taylor is Skyward’s new vice president of media liability. Taylor has 25 years of leadership and underwriting expertise, specializing in the segment. She …
People Moves: Aon Names Reese as CFO, Succeeding Davies; Ogden Named CEO of HDI Global UK & Ireland as Taylor Retires
This edition of International People Moves details appointments at broker Aon and HDI Global UK & Ireland. A summary of these new hires follows here. Aon Names Reese as CFO, Succeeding Davies Insurance broker Aon plc announced that Edmund Reese …
Fort Myers Life Insurance Broker Charged With Policy Fraud, Misusing ID Info
Florida financial regulators have charged a Fort Myers insurance broker with taking out a life insurance policy on a person without their knowledge and misusing the person’s identification information. Bryce Corey Tyminski, 26, was arrested and booked into the Lee …
EEOC Sues 15 Employers in 10 States for Not Filing Workforce Demographics Data
Last week the U.S. Equal Employment Opportunity Commission (EEOC) took what is being called an unprecedented step by filing lawsuits against 15 employers for allegedly failing to comply with mandatory reporting requirements. The employers, from 10 states and various industries …
Ohio Explosion Caused by Cut Gas Line Thought to be Turned Off: Investigators
YOUNGSTOWN, Ohio (AP) — A crew working in the basement area of an Ohio building intentionally cut a gas line not knowing it was pressurized before a deadly explosion last week, the National Transportation Safety Board said. NTSB board member …
Texas Faces New Heat Advisories With Temperatures Above 100F
Parts of Texas and the western US are being warned of high temperatures on Tuesday, putting electric grids to the test as residents turn to air conditioning to stay cool. Heat advisories are up across central and southern Texas from …
USDA Offers Disaster Assistance to Agricultural Producers Impacted by Recent Storms
The U.S. Department of Agriculture (USDA) is responding to the agricultural devastation caused by tornadoes and flooding in the Midwest. On May 24, Farm Service Agency (FSA) Administrator Zach Ducheneaux signed an Administrator’s Physical Loss Notification (APLN), making 29 counties …
Florida OIR Posts 2024 Catastrophe Claims Reporting Form
The Florida Office of Insurance Regulation has posted a new reporting form for catastrophe claims data for the 2024 hurricane season. Florida law requires property insurers to report a wide range of information after storms. The form standardizes the data …
Insurers Expect Major Loss Event From Floods in Southern Germany
Insurers are preparing for an above-average loss event as a result of floods hitting in southern Germany. “The pictures from Bavaria and Baden-Württemberg foreshadow the worst. Our companies are already receiving many claims reports,” according to Jörg Asmussen, managing director …
Orchestrator of $60 Million New York Auto Insurance Fraud Gets 10 Years in Prison
A New Jersey man who orchestrated a 13-year long, $60 million no-fault automobile insurance scam in New York has been sentenced to 10 years in prison. Bradley Pierre was sentenced by U.S. District Judge Paul G. Gardephe for conspiracy to …
J&J Must Pay $260 Million in Latest Talc Trial
Johnson & Johnson must pay $260 million to an Oregon woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, a jury found on Monday. The verdict in the 4th Judicial …
US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump
Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans’ lower production costs offered him the best chance of turning a profit in the …