Report: 1Q 2024 California Workers’ Comp Written Premium 3% Lower Than Year Ago
Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …
Landslides in Southern India Kill at Least 93 With Many More Trapped
NEW DELHI (AP) — Multiple landslides in southern India have killed 93 people and many others are feared trapped under the debris, officials said Tuesday, after torrential rains triggered torrents of mud and water that swept through tea estates and …
People Moves: JM Wilson Hires and Promotes Transportation Underwriting Team Members
JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation underwriter. Deryas is responsible for underwriting renewal commercial transportation …
People Moves: Malmström Named Swiss Re’s Group CFO as Dacey Retires; MNK Re Appoints Industry Veteran Ashby as Global Chief Commercial Officer
This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires follows here. Malmström Named Swiss Re’s Group CFO as Dacey Retires Swiss Re announced that Anders Malmström will succeed John …
Delta Air Lines to Seek Compensation Over Cyber Outage: Report
Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …
Vermont Again Dealing With Floodwaters
Northern Vermont today is dealing with flash floods and washed-out roads after a night and early morning of extreme rainfall. Parts of Caledonia county and the Northeast Kingdom received 6-8 inches of rain last night and saw considerable catastrophic flash …
Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics
Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics. … …
US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products
Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday. The CPSC said it has issued …
Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store
U.S. health officials last Friday announced a recall of some Boar’s Head liverwurst and deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co. recalled liverwurst because …
South Alabama Woman Charged With 11 Counts of Insurance Fraud
An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports. …
Meta Platforms to Pay $1.4B to Settle Texas Lawsuit Over Facial Recognition Data
Meta Platforms has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent. The terms of the settlement, …
Wells Fargo Must Face Lawsuit Over Sham Job Interviews
A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S. …
Microsoft Reports Outage of Some Office and Cloud Services
Updated: July 30, 3 p.m. EDT Microsoft Corp. said it has started to resolve an outage affecting its Azure cloud service. The issue resulted from an unexpected usage surge, according to a status page with live updates on the incident. …
Firefighters Increase Containment on California Wildfire Now at 599 Square Miles
Containment has increased on a fire that exploded in size and in a few days became California’s sixth largest wildfire, destroying hundreds of structures. The Park Fire near Chico, California, has burned 383,619 acres, and as of Tuesday morning it …
Highstreet Expands Florida Footprint With Flagler Insurance Agency
Michigan-headquartered Highstreet Insurance Partners, a rapidly growing, multistate insurance agency, has added to its Florida presence with the acquisition of Flagler Insurance Agency, based in Palm Beach, Florida. The terms of the deal were not reported. Highstreet said in a …
AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage
A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit firm focused on infrastructure debt that oversees more than €7.7 billion ($8.3 billion) in committed capital. AXA IM Prime, as …
HDI Global Receives License to Open Office in Dubai
HDI Global SE has received a regulatory license from Dubai Financial Services Authority (DFSA) to open an office in Dubai. The new local presence in Dubai International Financial Centre (DIFC) will allow HDI Global to bring its global financial strength …
Cowbell Secures $60M Series C Funding From Zurich
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a global multiline insurer. “This investment from Zurich is …
Minnesota Adds Stricter Guidelines for Rehabilitation Services in Work Comp Claims
Injured Minnesota employees who seek services from the Department of Labor and Industry’s Vocational Rehabilitation unit (VRU) while their disputed workers’ compensation claim goes through the litigation process will soon face new eligibility rules. Effective Aug. 1, 2024, if the …
South Africa Races to Contain Oil Spill From Wrecked Cargo Ship
South Africa dispatched crews to contain an oil spill from a cargo vessel that ran aground earlier this month because of extreme weather conditions. Strong waves eroded the hull of the 125-meter (410-foot) MV Ultra Galaxy, which beached at Brand …
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