Indian Court Tells Star Health to Share Details of Leak so Telegram Can Delete Chatbots
An Indian court in the southern state of Tamil Nadu has told insurer Star Health to help Telegram identify data leaked via its messaging app so the chatbots can be deleted. The country’s biggest insurer with roughly $4 billion market …
Harassment Claims Soar at City Firms in Wake of Odey Scandal
City firms reported a 72% surge in non-financial misconduct complaints over the last three years following a string of high-profile scandals including sexual harassment allegations leveled at hedge fund chief Crispin Odey. In the biggest review of discrimination and bullying …
Arthur J. Gallagher & Co. Acquires UK Investment Consulting Firm Redington Ltd
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of London-based Redington Ltd. Terms of the transaction were not disclosed. Redington is an investment consulting firm providing comprehensive investment, research and technology services to pension funds, …
Boozy Work Parties May Be Over With New UK Harassment Law
Alcohol-fueled company events could become a thing of the past, as UK employers consider new rules that place an onus on firms to protect workers from sexual harassment or risk hefty damages claims. Under a new law, companies will have …
People Moves: H.W. Kaufman Names Kaufman, Kaufman Davis Co-Presidents; Desett Joins HUB as N.A. Commercial Lines Pres.; Benson Is Chubb Multinational Ins. Lead
H.W. Kaufman Group Names Kaufman and Kaufman Davis to Newly Established Co-President Role H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, named Danny Kaufman and Jodie Kaufman Davis as co-presidents. The newly created positions establish distinct leadership responsibilities across Kaufman’s …
S&P Reveals Top 50 Largest P/C Insurers
As the third-fastest growing company on a list of the world’s top 50 largest insurers, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P Global Market Intelligence. State Farm recorded nearly $87.6 billion in …
Alabama Judge Appoints Mediator in Long-Running Med Marijuana License Dispute
MONTGOMERY, Ala. (AP) — A judge has appointed a mediator in the long-running dispute over who gets licenses to grow and sell medical marijuana in Alabama. Montgomery Circuit Judge James Anderson named retired Circuit Judge Eugene Reese to act as …
California Vocational School Owner Charged With Fraud in Workers’ Comp Scheme
The owner of a Fresno, California-based for-profit vocational school was charged with engaging in fraudulent billing practices related to workers’ compensation. Paul Steve Ramirez, 59, was charged with 11 felony counts, including insurance fraud. The fraudulent insurance claims could reach …
Parents of Student Disciplined for Using AI Sue School
The parents of a high school senior in Massachusetts argued in federal court in Boston on Tuesday that their son was unfairly punished for using artificial intelligence while researching a history project, harming his prospects for acceptance to an elite …
Catastrophe-Bond Funds Suffered Virtually No Losses From Hurricane Milton
After two weeks of number-crunching, it now seems clear that investors in catastrophe bonds emerged from Hurricane Milton relatively unscathed. In fact, holders of the bonds may be looking at returns of as much as 12%, according to Zurich-based asset …
Washington Insurance Commissioner Issued Fines Totaling $302K
Washington Insurance Commissioner Mike Kreidler issued fines totaling $302,500 against insurance companies, agents, brokers and unlicensed entities in July, August and September for violations of state insurance laws and regulations. Among those actions was a $40,000 fine issued to Allstate …
Maryland Lawmakers Approve Caps on High-Cost Prescription Drugs
A panel of Maryland lawmakers approved a plan on Tuesday to enable a state board to cap the price that state and local governments pay for certain high-cost prescription drugs for their employees — the latest step taken by a …
Tracking Web Users Does Not Violate Wiretap Law, Massachusetts High Court Rules
A firm’s use of software that tracks users’ activity on its website does not violate a state law against wiretapping, the Massachusetts Supreme Judicial Court has ruled. While the state law against wiretapping prohibits intercepting communications, the high court found …
McDonald’s Sued by Colorado Man Sickened in E. Coli Outbreak
A Colorado man has filed what appears to be the first lawsuit against McDonald’s over an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others. The lawsuit, filed in Circuit Court …
PCF Insurance to Rebrand as Trucordia With New Growth Strategy
Until now, PCF Insurance Services was focused on size and scale, with independently operated offices that may not have known the PCF brand. That’s all about to change. PCF Insurance will now be known as Trucordia, marking a shift toward …
People Moves: Grant Joins Alliant Midwest Team as SVP
Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most recently serving as …
Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs
Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premiums,” found that the average flood insurance …
People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany
This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA Liberty Specialty Markets …
Feds Issue Ultimatum to Louisiana on $3 Billion Coastal Restoration Project
NEW ORLEANS, La. (AP) — Federal officials want to know if Louisiana remains committed to a nearly $3 billion planned coastal restoration project that litigation has stalled. Federal officials warned in a Friday letter to the head of Louisiana’s Coastal …
Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to Small Island Developing States (SIDS) in the Pacific. in partnership with the …