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News – Insurance Journal
People Moves: MEMIC Names Three to Leadership Roles; USG Hires Starr
MEMIC Names Three Underwriting Territory Managers In its plan to continue profitable growth of its workers’ compensation business along the Eastern seaboard, The MEMIC Group has named three underwriting territory managers to assume leadership roles. Margaret Templeton of Albany, New …
POSTED MAY 11, 2021 2:28 PM |
California Wildfire Victims See Little Payout from PG&E Settlement
A trust approved by a federal judge to help compensate victims of deadly California wildfires sparked by Pacific Gas & Electric equipment paid survivors just $7 million while racking up $51 million in overhead in its first year of operation, …
POSTED MAY 11, 2021 2:25 PM |
Connecticut Utilities Face Steep Fines for Storm Failures
Connecticut regulators on Thursday proposed a $30 million fine for Eversource and a $2.1 million fine for United Illuminating for what officials called the utilities’ failures in their preparation and response to Tropical Storm Isaias, which left hundreds of thousands …
POSTED MAY 11, 2021 2:19 PM |
Sheriff’s Employee Awarded $60K in Settlement in California Sex Harassment Suit
A San Diego sheriff’s department employee who sued the county and a former assistant sheriff over sexual harassment allegations was awarded $60,000 by a judge. Superior Court Judge Katherine Bacal issued her ruling late last month in a civil lawsuit …
POSTED MAY 11, 2021 2:17 PM |
Massachusetts Sues Marketing Firm for Role in Opioid Crisis
Massachusetts’ top prosecutor on Thursday sued a global marketing company that she alleges played a role in fueling the opioid epidemic. State Attorney General Maura Healey said Publicis Health designed and deployed unfair and deceptive marketing schemes to help Purdue …
POSTED MAY 11, 2021 2:05 PM |
Canada’s Riverview Insurance Solutions Merges with Sterling Capital Brokers
Riverview Insurance Solutions (RIS), the Alberta, Canada-based middle-market benefit consulting firm, announced it will merge with Sterling Capital Brokers (SCB). The combined company will create the largest independent employee-owned benefit consulting firm in Canada, said SCB in a statement. Founded …
POSTED MAY 11, 2021 1:17 PM |
Britain’s Financial Regulator Opens Investigation Into Greensill Collapse
Britain’s Financial Conduct Authority said on Tuesday it was formally investigating the UK operations of collapsed supply chain finance company Greensill as part of global probes. “We are also cooperating with counterparts in other UK enforcement and regulatory agencies, as …
POSTED MAY 11, 2021 12:52 PM |
Ransomware Attack on Colonial Again Shows U.S. Ignores Warning After Warning
The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the corridors of power in Washington and boardrooms across the country: Can anyone stop debilitating hacks? The assault on Colonial Pipeline Co. last …
POSTED MAY 11, 2021 12:14 PM |
Overtime, Flexibility, Automation Among Challenges in Pandemic Labor Reshuffle
If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while balancing job and family demands, the coming return to “normal” will pose a new set of challenges. Like whether to first try …
POSTED MAY 11, 2021 11:54 AM |
Carriers Struggle To Transform Innovation Efforts Into Results: AM Best
Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation assessment scores, which the rating agency first introduced into the rating …
POSTED MAY 11, 2021 11:35 AM |
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