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News – Insurance Journal
U.S. Insurance Regulator Hosting Another Climate Summit
A report from the Mortgage Bankers Association says there’s little doubt that climate change will impact housing and the housing finance industry, and while just how great that impact will be is as of yet unknown, the authors take a …
POSTED SEPTEMBER 23, 2021 8:44 PM |
3 South Dakota Family Members Sentenced for Defrauding Farmers
Three members of a South Dakota family accused of bilking millions from farmers due to risky speculation in the grain business have been sentenced to time behind bars. Jared Steffensen and his wife, Tami Steffensen, pleaded guilty earlier to theft …
POSTED SEPTEMBER 23, 2021 4:54 PM |
Ex-Official Sent to Prison for Stealing $2M From Illinois City
A man who stole $2 million from Kankakee, Illinois, and a regional wastewater agency was sentenced to nine months in federal prison and two years of home confinement. Richard Simms, 74, acknowledged diverting money through a fraudulent software invoicing scheme. …
POSTED SEPTEMBER 23, 2021 4:49 PM |
Fort Worth Masonry Company Cited Again for Fall Hazards: Fined $216K
Federal workplace safety officials cited a Fort Worth, Texas-based masonry company for continuing to put its workers at risk for falls and fined the firm more than $216,000. OSHA said a March 2021 inspection revealed RM Masonry and Stucco Inc. …
POSTED SEPTEMBER 23, 2021 4:42 PM |
Lawsuit: Ida Power Outages in Louisiana Due to ‘Gum and Super Glue’ at Utility
A lawsuit alleges that Louisiana’s largest electric utility used a “bubble gum and super glue” approach to maintenance and construction that left customers sweltering in the dark without adequate sewage treatment after Hurricane Ida. The suit was filed against Entergy …
POSTED SEPTEMBER 23, 2021 4:41 PM |
People Moves: HDI Global USA Adds Sapia; AAU Hires Dettmann; Malkin Joins Alliant in Chicago
HDI Global USA Appoints Sapia Director of Liability Underwriting Chicago-based HDI Global Insurance Co. (HDI Global USA) appointed David Sapia director of liability underwriting. In this new role, Sapia will be responsible for the profitability, growth and overall strategic direction …
POSTED SEPTEMBER 23, 2021 4:38 PM |
People Moves: Biggs Joins Oklahoma Workers’ Comp Commission; Alliant Adds Soto, Hargrave in Texas; ICT Hires Johnson
Biggs Joins Oklahoma Workers’ Comp Commission The Oklahoma Workers’ Compensation Commission (WCC) added Scott Biggs as its newest commissioner. The WCC and its three commissioners are tasked with carrying out the adjudicative, administrative, and regulatory functions of the Administrative Workers’ …
POSTED SEPTEMBER 23, 2021 4:36 PM |
People Moves: Howden Names Swiss Re’s Cochrane for Energy Transformation; Apollo Hires Sandi for Casualty Treaty; AXA XL’s MacColl to Atrium to Lead Hull & War
This edition of International People Moves details appointments at the broker Howden and two Lloyd’s insurers: Apollo Syndicate Management and Atrium Underwriting. A summary of these new hires follows here. Howden Appoints Swiss Re’s Cochrane as Head of Energy Transformation …
POSTED SEPTEMBER 23, 2021 4:07 PM |
Florida’s Citizens Warns of Exposure Risk as Policy Count Grows
Citizens Property Insurance Corp. president Barry Gilway said at a Wednesday board of governors meeting that the organization is considering “all ideas to reduce exposure” as policies mount by the thousands. Gilway said Citizens is accepting policies at a rate …
POSTED SEPTEMBER 23, 2021 4:02 PM |
Relation Acquires South Carolina-Based Perry
Relation Insurance Services, Inc. (“Relation”) has acquired the assets of South Carolina-based Perry Insurance Group, Inc. (“Perry”). Terms of the transaction were not disclosed. Perry provides personal and commercial lines insurance solutions to clients throughout South Carolina and is headquartered …
POSTED SEPTEMBER 23, 2021 3:24 PM |
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