NFP Acquires Scott Litman Insurance Agency in California
NFP acquired Scott Litman Insurance Agency in Calabasas, California. Scott Litman, president of SLIA, will join NFP as a senior vice president and report to Ed Kurowski, managing director, West region P&C. SLIA offers property/casualty insurance to clients with a …
Washington Contractor Fined for Using a Crane to Lift Workers After Elevator Breaks
A Seattle, Washington construction company is facing more than $150,000 in fines for putting workers at risk. Washington State Department of Labor & Industries cited and fined Lane Construction Corporation in July for workers riding a crane lift to get …
Robinhood in $3.9M Settlement With California Over Crypto Withdrawals
A cryptocurrency platform run by Robinhood Markets will pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said. The civil settlement with Robinhood Crypto …
After Losing in Court, Atlantic City Casino Workers Plan Ad Blitz for Smoking Ban
A group of Atlantic City casino workers seeking to ban smoking in the gambling halls will launch an advertising campaign featuring their children in response to a judge’s rejection of a lawsuit that would have ended smoking in the nine …
AGs Sue 3 Gun Shops Over Alleged ‘Straw Purchases’ of Weapons Trafficked Into DC
Three gun shops that sold nearly three dozen firearms to a man who trafficked the weapons in and around Washington, D.C. are facing a new lawsuit jointly filed Tuesday by attorneys general for Maryland and the nation’s capital. At least …
New York Regulator Orders Taxi Insurer to Weigh Sale After Losses
New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial improprieties and accounting problems, warning that the consequences …
Indiana Steel Mill to Pay $248K Over Clean Air Act Violations
The U.S. Environmental Protection Agency announced a settlement with Cleveland Cliffs Burns Harbor LLC in Burns Harbor, Indiana, for alleged Clean Air Act violations that occurred while the facility was operating as ArcelorMittal Burns Harbor LLC. Under the terms of …
SpaceX Faces Concerns Over Environment Damage in South Texas
BOCA CHICA — It wasn’t just a day at the beach. But it never is on this small strip of sand near the Texas-Mexico border, not since SpaceX began launching rockets here. On this particular Saturday in August, about a …
AM Best Downgrades Credit Rating of Iowa’s IMT Insurance
AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of IMT Insurance Company and its affiliate, Wadena Insurance Company. These companies are domiciled in …
CSU Forecasters Predict Quiet Hurricane Activity to Start September
The first two weeks of September are expected to be quiet for Atlantic hurricane activity, according to experts at Colorado State University. The CSU Tropical Meteorology Project, which has been forecasting the Atlantic hurricane season for more than 40 years, …
Three Charged With Auto Insurance Fraud in Miami After False Injury Claims
Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the state Department of …
Man Drives Car Through Restaurant Patio in Minneapolis Suburb, Killing 2
ST. LOUIS PARK, Minn. (AP) — A man drove his car through a restaurant patio where a group of medical workers were celebrating in a Minneapolis suburb on Sunday, killing two people and injuring at least four, police and hospital …
Explosion Destroys Southwest Louisiana Home, Killing 1 and Injuring 5
RAGLEY, La. (AP) — Investigators are trying to determine the cause of an explosion that destroyed a southwest Louisiana home, killing a teenage boy from Alabama and injuring five other people. Louisiana State Fire Marshal Bryan J. Adams said the …
Kansas Woman Sentenced to Probation for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced an Arkansas City woman has been sentenced to 18 months of probation for insurance fraud. Misty Jane Dial, age 33, pleaded guilty in the District Court of Cowley-Arkansas City on July 9 to one …
People Moves: CRC Group Adds New Underwriters in Tennessee, Georgia
CRC Group, a wholesale specialty insurance distributor with headquarters in Birmingham, Alabama, has added new faces to its team in the Southeast. Sam Rector joined the Nashville office as underwriting team leader. He has spent almost 10 years in the …
Ryan Specialty Completes Buy of Assets of Greenhill From Alera
Ryan Specialty said it completed its acquisition of certain assets of Greenhill Underwriting Insurance Services from Alera Group, Inc, effective Sept. 1. The deal was previously announced last month. Alera acquired Greenhill in 2022. Houston-based Greenhill is a technology-enabled managing …
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains
Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings. …
For Small Commercial Businesses, Insurance Satisfaction Is a Matter of Trust
Trust impacts customer satisfaction, loyalty and brand advocacy more than other factors when small businesses choose a commercial insurance provider. J.D. Power’s 2024 U.S. Small Commercial Insurance Study found that among small businesses with the most trust in their insurers, …
New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown
In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorkers …
People Moves: Acrisure Re Makes Leadership Changes in London; Dale Enters Int’l Professional Indemnity Market, Led by Barnes From Westfield
This edition of International People Moves details appointments at Acrisure Re and Dale Underwriting Partners. A summary of these new hires follows here. Acrisure Re Announces Leadership Changes in International Reinsurance Unit Acrisure Re, the re/insurance division of global insurance …
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