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Archive: May 2023

G7 Steps Up Russia Sanctions, Seeks to Cut China Trade Dependency
Insurance Journal | May 19, 2023
G7 Steps Up Russia Sanctions, Seeks to Cut China Trade Dependency
Leaders of the world’s richest democracies agreed on Friday to stiffen sanctions against Russia, while a draft communique to be issued after their talks in the Japanese city of Hiroshima stressed the need to reduce reliance on trade with China. …
EU Lawmakers Warn of Hungary, Poland Spyware Abuses
Insurance Journal | May 10, 2023
EU Lawmakers Warn of Hungary, Poland Spyware Abuses
European Union lawmakers investigating the use of Pegasus spyware against opposition politicians and journalists on May 9 raised deep concern about abuses in Hungary and Poland and lamented a lack of cooperation with their inquiry. The spyware developed by developed …
People Moves: Chubb Appoints Homan to Lead International P/C Division
Insurance Journal | May 10, 2023
People Moves: Chubb Appoints Homan to Lead International P/C Division
Chubb Appoints Homan to Lead International Property and Casualty Division Chubb today announced that Mark Homan has been appointed division president, international property and casualty for overseas general insurance, the company’s international general insurance operations, effective June 1. Currently, he …
Carolina-based ECM Solutions Merges with IMA Financial Group
Insurance Journal | May 10, 2023
Carolina-based ECM Solutions Merges with IMA Financial Group
ECM Solutions, known as the largest privately owned independent agency in the Carolinas, has agreed to merge with IMA Financial Group, a major North American insurance brokerage. ECM, which has 80 associates and offices in Charlotte, North Carolina, and in …
People Moves: Powers Insurance & Risk Management Promotes Jaboor to IT Associate
Insurance Journal | May 10, 2023
People Moves: Powers Insurance & Risk Management Promotes Jaboor to IT Associate
Powers Insurance & Risk Management Promotes Jaboor Powers Insurance & Risk Management has promoted Drew Jaboor to IT associate. Jaboor will assist with onboarding new employees, perform ongoing system training for all employees, and maintain the organization’s technology systems. Jaboor …
Storm Tears Roofs Off Buildings in Northern Missouri
Insurance Journal | May 10, 2023
Storm Tears Roofs Off Buildings in Northern Missouri
TRENTON, Mo. (AP) – Severe storms tore the roofs off several buildings in northern Missouri and pelted the region with softball-sized hail. Grundy County Emergency Manager Glen Briggs told KSHB television that several buildings in Trenton, about 100 miles (160 …
Alera Group Acquires Texas-Based Sheridan
Insurance Journal | May 10, 2023
Alera Group Acquires Texas-Based Sheridan
Alera Group, a national insurance and wealth services firm, announced the acquisition of Austin, Texas-based Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and risk management needs of the healthcare community. The Sheridan Insurance …
Hobby Lobby to Settle $50K Disability Discrimination Suit at Kansas Store
Insurance Journal | May 10, 2023
Hobby Lobby to Settle $50K Disability Discrimination Suit at Kansas Store
Hobby Lobby Stores, Inc., a national arts and crafts retailer, will pay $50,000 to resolve a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Hobby Lobby violated …
New Hampshire Begins Search for Insurance Commissioner as Nicolopoulos to Exit
Insurance Journal | May 10, 2023
New Hampshire Begins Search for Insurance Commissioner as Nicolopoulos to Exit
New Hampshire Governor Chris Sununu announced that Insurance Commissioner Christopher Nicolopoulos will not be seeking reappointment upon the conclusion of his term. Nicolopoulos began serving a five-year term in February 2020. Sununu said a search for a new Insurance commissioner …
Hyundai and Kia Thefts Keep Rising Despite Security Fix
Insurance Journal | May 10, 2023
Hyundai and Kia Thefts Keep Rising Despite Security Fix
Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social media sites. So far, it hasn’t …