People Moves: Poland’s Largest Insurer PZU Names Benczak as CEO
Poland’s largest insurer PZU has appointed Bogdan Benczak as its new chief executive, filling a role that had been led by an acting CEO since the dismissal of his predecessor in August. The appointment, effective September 25, is conditional on …
Amazon Sues to Block New York State Labor Law
Amazon.com sued the New York State Public Employment Relations Board on Monday to block it from enforcing a new law that the online retailer considers an attempt to illegally regulate private sector labor relations. In a complaint filed in Brooklyn …
The Fidelis Partnership Launches MGA, Imala Re, Opening 1st US Office in Miami
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced it has launched a new managing general agent, Imala Re. TFP also announced it will be opening a Miami office on Oct. …
Storm Ragasa Nears Vietnam After Soaking Southern China
Tropical Storm Ragasa is moving toward northern Vietnam, threatening to drench the capital of Hanoi with heavy rain, after weakening overnight as the system tracked across southern China. The storm was near Beihai, packing maximum sustained winds of 75 kilometers …
Collins Aerospace Working on Restoring Software for Airlines Hit by Cyberattack
RTX subsidiary Collins Aerospace is working on restoring its onsite passenger processing software for airlines after a cyber “intrusion” disrupted operations, the company said on Wednesday. Charlotte, North Carolina-based Collins Aerospace experienced a disruption on September 19 to its MUSE …
Denmark Reels From Second Drone Attack in a Week Halting Flights
Denmark endured the second drone attack this week as authorities probe Russian involvement in an earlier incident. Large professional drones spotted at five regional airports in Denmark disrupted flights and sparked a major police operation. The airports are open now. …
India Considers Nuclear Liability Fund for Major Accidents, Sources Say
India plans to set up a nuclear liability fund to cover accident compensation in excess of 15 billion rupees ($169 million) owed by plant operators, in a bid to ease risk-sharing concerns among global suppliers and private firms, two government …
US Intends to Cancel $13 Billion in Funds for Green Energy
The U.S. Department of Energy intends to cancel more than $13 billion in funds that the Biden administration had pledged to subsidize wind, solar, batteries and electric vehicles, it said on Wednesday. It was not immediately clear which funds were …
Private Detectives Tail French Workers to Root Out Surging Sick Leave Fraud
Fabrice Lehmann caught sight of his target as he left his suburban Paris home, dressed for work. He began tailing him, trying to blend in with the commuters heading into the city. A private detective since 1994, Lehmann has increasingly …
People Moves: Howden US Appoints Peterson to Lead Construction, Infrastructure and Surety; Sokol Named Head of Excess Casualty for ICW Specialty
Howden US, headquartered in Columbia, South Carolina, appointed Mark Peterson as head of its construction, infrastructure and surety practice. Peterson joins Mike Parrish’s Howden US team and works closely with Naresh Dade, global head of construction, as part of Howden’s …
Viewpoint: The New Era of Insurance Pricing Involves Precision, Speed, and Control
For decades, insurers have relied on spreadsheets and legacy systems to manage one of their most critical functions: pricing. But as market dynamics shift and pressures intensify, the old tools are no longer fit for this purpose. In today’s volatile …
South Carolina Workers’ Comp Director Cannon Retiring as McRee Takes the Helm
South Carolina Workers’ Compensation Commission Executive Director Gary Cannon is retiring next month after 16 years on the job. The commission has named Kristen McRee, the director of administrative services at the agency, as the new director, starting Nov. 1. …
Are Credit Scores Fueling Hidden Insurance Costs for Consumers?
Across the South and the United States, homeowners’ insurance rates are rising, with some states seeing an increase of over 50%. Experts say that this issue is contributing to an ongoing housing crisis. While insurance companies have attempted to explain …
SC Comp Commission Must Relinquish $1.8M From Bankrupt Firm, Appeals Court Says
The South Carolina Workers’ Compensation Commission had no legal right to hold on to – for more than 15 years – some $1.8 million set aside by a bankrupt textile manufacturer for injury claims that never materialized, the state Court …
Connecticut Settles But Wrongful Death Suit Over Murder of Visiting Nurse Goes On
The state of Connecticut has paid $2.25 million to settle a wrongful death lawsuit brought by the husband of Joyce Grayson, the 63-year-old visiting nurse and mother of six who was killed by a registered sex offender in a halfway …
McGowan Acquires Limit.com in California
The McGowan Companies acquired Limit, a digital wholesale insurance brokerage headquartered in Covina, California, via an asset purchase agreement. After the transaction is closed, Limit will continue to operate under the “Limit” brand, within The McGowan Companies envelope, led by …
Xcel to Pay About $640 Million Over 2021 Colorado Wildfire
Utility Xcel Energy Inc. agreed to pay about $640 million to resolve claims that its power lines contributed to the 2021 ignition of the costliest wildfire in Colorado history. The company said in a filing Tuesday that it reached settlements …
Edison to Open LA Fire Compensation Applications by Thanksgiving
Edison International expects to begin accepting applications “well before” Thanksgiving to compensate victims of the deadly Eaton Fire that destroyed swaths of the Los Angeles area in January, according to CEO Pedro Pizarro. That puts the utility company’s wildfire recovery …
Root Insurance Expands Driving Behavior Product to Washington
Root Insurance has brought its driving behavior insuring pricing model to Washington in an expansion of its West Coast footprint. Root now offers its product to drivers in Washington, Oregon and California. Root’s model is designed to measure driving behaviors …
Michigan Reaches Settlements With Paper Mill Over PFAS Contamination
Michigan Attorney General Dana Nessel has reached two settlement agreements with the current and past owners of a paper mill in White Pigeon, Michigan. The two settlements secure funding for response activities to address per- and polyfluoroalkyl substances (PFAS) released …
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