Category: Insurance Journal

People Moves: Leavitt Group in Utah Makes Two Leadership Appointments
Insurance Journal | March 2, 2023
People Moves: Leavitt Group in Utah Makes Two Leadership Appointments
Leavitt Group in Cedar City, Utah named Kevin P. Grady as chief legal officer and Brooke L. MacNaughtan chief people and community officer, a newly created role. Before joining Leavitt Group, Grady was vice president and deputy general counsel at …
California Workers’ Comp Research Keys on State’s Massive Healthcare Industry
Insurance Journal | March 2, 2023
California Workers’ Comp Research Keys on State’s Massive Healthcare Industry
A report from the Workers’ Compensation Insurance Rating Bureau of California that examines the state’s healthcare system shows the industry also accounted for the highest share of indemnity COVID-19 claims among all industries. The WCIRB releases reports on industry sectors …
Texas Utility Regulators Propose Changes to Electricity Market
Insurance Journal | March 1, 2023
Texas Utility Regulators Propose Changes to Electricity Market
The winter storm that hit Texas in February 2021 strained the state’s electricity grid so much that power had to be cut to millions of homes and businesses to prevent the grid’s complete failure. At least 200 people died, many …
People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO
Insurance Journal | March 1, 2023
People Moves: Mikos-Benavides Joins J.M. Wilson; Omaha National Appoints Mackel CFO
J.M. Wilson Hires Mikos-Benavides as Assistant Transportation Underwriter J.M. Wilson, based in Portage, Michigan, has hired Jennifer Mikos-Benavides as assistant transportation underwriter in their Arlington Heights, Illinois office. Mikos-Benavides is responsible for assisting underwriters with a wide variety of new …
Tx. Metal-Plating Company Fined $292K After Workers Exposed to Dangerous Acids
Insurance Journal | March 1, 2023
Tx. Metal-Plating Company Fined $292K After Workers Exposed to Dangerous Acids
A federal workplace safety investigation of an El Paso jewelry metal-plating finisher found the company again exposing workers to serious hazards, including willfully failing to protect people working with dangerous acids and other chemicals from potentially permanent eye injuries. The …
South Carolina Man Admits to Burning His Car, Filing False Insurance Claim, DOI Says
Insurance Journal | March 1, 2023
South Carolina Man Admits to Burning His Car, Filing False Insurance Claim, DOI Says
South Carolina authorities have charged a man with insurance fraud after he reported his vehicle was stolen, then admitted to setting it on fire. Rusty Dale Peeples, 46, was arrested Feb. 24, charged with making a false insurance claim and …
Lockton Launches Affinity Biz in Australia, New Zealand and Pacific, Led by Dasgupta
Insurance Journal | February 20, 2023
Lockton Launches Affinity Biz in Australia, New Zealand and Pacific, Led by Dasgupta
Lockton, the world’s largest privately owned insurance brokerage, announced the launch of an Affinity Schemes business in Australia, New Zealand and Pacific. The business will be led by Tanya Dasgupta who recently joined Lockton as National Manager – Affinity Schemes …
UK’s Legal & General Launches Fresh UK Lawsuit Against Glencore After Bribery Scandal
Insurance Journal | February 20, 2023
UK’s Legal & General Launches Fresh UK Lawsuit Against Glencore After Bribery Scandal
Legal & General Group Plc have launched a fresh lawsuit against Glencore Plc, months after the commodities giant pleaded guilty to allegations of market manipulation and bribery. A group of Legal & General funds filed claims against Glencore on Jan. …
FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO
Insurance Journal | February 20, 2023
FWD to Buy Majority Stake in Malaysian Insurer Ahead of Planned IPO
FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, has agreed to buy a majority stake in Gibraltar BSN Life Bhd., a move that allows it to tap into the Southeast Asian market’s growth …
Orderly Runoff Didn’t Work. Florida’s United P&C Now Insolvent, Headed for Liquidation
Insurance Journal | February 20, 2023
Orderly Runoff Didn’t Work. Florida’s United P&C Now Insolvent, Headed for Liquidation
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and will soon be liquidated. …