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People Moves: Augment Risk Tabs McElhiney to Lead New Captive Offering
Insurance Journal | December 20, 2024
People Moves: Augment Risk Tabs McElhiney to Lead New Captive Offering
Augment Risk, the reinsurance and risk capital solutions broker, announced the appointment of Steve McElhiney as partner of newly created captive and alternative risk transfer solutions offering. Based in Dallas, Steve will develop Augment Risk’s efforts in creating legacy solutions …
Auto Insurer’s Online System Breach Tied to Unemployment Fraud
Insurance Journal | December 20, 2024
Auto Insurer’s Online System Breach Tied to Unemployment Fraud
Noblr, a USAA Insurance subsidiary offering insurance through an online quoting application, will pay $500,000 following a data breach that New York officials say affected 80,000 people and led to fraudulent unemployment benefit claims. New York Attorney General Letitia James …
Amazon Agrees to Worker Safety Measures to Settle OSHA Probe
Insurance Journal | December 20, 2024
Amazon Agrees to Worker Safety Measures to Settle OSHA Probe
Amazon.com will implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a series …
American Airlines Settles Race Discrimination Suit by Black Men Removed From Flight
Insurance Journal | December 20, 2024
American Airlines Settles Race Discrimination Suit by Black Men Removed From Flight
American Airlines has agreed to settle a race discrimination lawsuit by three Black men who were temporarily removed from a flight at the insistence of white flight attendants, according to a court filing on Thursday. The terms of the agreement …
Surviving the ‘Silver Tsunami’: Closing the Talent, Skills Gap in Underwriting
Insurance Journal | December 20, 2024
Surviving the ‘Silver Tsunami’: Closing the Talent, Skills Gap in Underwriting
With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insurance industry right now, said experts during a November webinar hosted by …
Senate Committee Reveals Climate Change Danger to Financial System
Insurance Journal | December 20, 2024
Senate Committee Reveals Climate Change Danger to Financial System
A Senate Budget Committee report shows how dangerous climate change is to the nation’s financial system as well as how bad it could be for homeowners seeking affordable insurance. A Senate Budget Committee Staff report out this month, Uncovering the …
Medicare Advantage Whistleblower Case Settled in New York
Insurance Journal | December 19, 2024
Medicare Advantage Whistleblower Case Settled in New York
US authorities have reached a settlement to resolve a whistleblower case alleging that a New York state health insurer systematically defrauded the federal Medicare program by exaggerating how sick members were in order to boost profits. The settlement was disclosed …
US Banning Drone Flights Over New Jersey Utility Transmission Sites
Insurance Journal | December 19, 2024
US Banning Drone Flights Over New Jersey Utility Transmission Sites
The Federal Aviation Administration on Thursday said it was temporarily barring drone flights over 22 utility locations in New Jersey amid public concern. The FAA said the decision to bar drones for 30 days at the sites was made in …
Car Crashes in Foggy Weather Injure 33 People Near New Orleans
Insurance Journal | December 19, 2024
Car Crashes in Foggy Weather Injure 33 People Near New Orleans
NEW ORLEANS (AP) — Several people were injured Tuesday morning after foggy conditions contributed to several car crashes that forced the closure of the 24-mile-long (38.6-kilometer-long) bridge connecting the north and south shores of southeast Louisiana’s Lake Pontchartrain. By early …
Texas Property Management Companies Pay $55K in Disability Discrimination Suit
Insurance Journal | December 19, 2024
Texas Property Management Companies Pay $55K in Disability Discrimination Suit
Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity …