INSURANCE NEWS
Alliant Insurance Services Acquires Advanced Benefits in Idaho
Alliant Insurance Services, headquartered in Irvine, California, acquired Advanced Benefits, based in Coeur d’Alene, Idaho. Founded in 1993, Advanced Benefits offers employee benefit programs, and HR and compliance services. The entire Advanced Benefits team will join Alliant.
Home Explosion in Maryland Senda 1 Man to Hospital
An explosion razed a home in suburban Baltimore, officials said, sending one person to the hospital for injuries and requiring aid from dozens of firefighters to douse the flames. Baltimore County fire officials said they were called to the scene …
People Moves: MGA Nexus Taps Willett From Barents Re as Head of Development; PoloWorks Appoints CNA Hardy’s Borrel as Chief Risk Officer
This edition of International People Moves details appointments at Nexus Group and PoloWorks. A summary of these new hires follows here. MGA Nexus Taps Willett From Barents Re as Head of Development Nexus Group, the London-based specialty managing general agent, …
J&J, Kenvue Told to Pay $45 Million to Baby Powder User’s Family
Johnson & Johnson and Kenvue Inc. were ordered to pay $45 million to the family of an Illinois woman who blamed the companies’ baby powders for giving her a fatal cancer in what was the first verdict against the J&J …
What Do Countries and Companies Want in Global Plastic Treaty Talks?
Global leaders will gather in Canada’s capital this week to discuss progress in drafting a first-ever global treaty to rein in soaring plastic pollution by the end of the year. The hoped-for treaty, due to be agreed at the end …
Parental Fury After Stem Cell Bank Ruins Thousands of Children’s Samples in Singapore
Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling. The ongoing case, one of the worst to hit …
Europe Is Being Scorched and Flooded by Growing Climate Extremes
The European Union endured its joint-hottest year on record in 2023, according to new scientific analysis, pointing to a more perilous future for what is already the world’s fastest-warming continent. Europe experienced its largest wildfire on record last year, as …
FTX Investors Settle With Bankman-Fried to Pursue Promoters
A group of FTX investors and customers has agreed to drop their claims against co-founder Sam Bankman-Fried in exchange for his cooperation against other defendants in a sprawling set of lawsuits over the cryptocurrency exchange’s collapse. The agreement, if approved …
People Moves: McDonnell Succeeds Bridge as President of Vermont Mutual
The Vermont Mutual board of directors named Mark J. McDonnell president of Vermont Mutual Insurance Group. McDonnell is the 18th president, succeeding former president and current CEO Daniel C. Bridge, who will retire at the end of 2024. McDonnell joined …
TN VW Employees Vote Overwhelmingly to Join United Auto Workers Union
CHATTANOOGA, Tenn. (AP) — Employees at a Volkswagen factory in Chattanooga, Tennessee, overwhelmingly voted to join the United Auto Workers union Friday in a historic first test of the UAW’s renewed effort to organize nonunion factories. The union wound up …
Why New York Attorney General Objects to Trump’s Bond Insurer
New York’s attorney general has urged the state judge overseeing the state’s civil fraud case against Donald Trump to reject the former president’s $175 million appeal bond. Attorney General Letitia James objects to Knight Specialty Insurance Co. (KSIC) as the …
Wells Fargo Bond Saleswoman Sues Over ‘Unapologetically Sexist’ Workplace
Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an “unapologetically sexist” workplace. The complaint filed on Friday in federal …