Monthly Archives: <span>May 2022</span>

People Moves: Alliant Hires Johnson in Missouri; Gregory & Appel Names Kennedy COO

Alliant Insurance Services Hires Hunter Johnson Alliant Insurance Services hired Hunter Johnson as vice president, growing its presence in the Midwest region. Based in Springfield, Missouri, Johnson will deploy his broad expertise in workers’ compensation, alternative risk financing, and complex …

Credit Agricole Italy Weighs Investing in Banco BPM’s Insurance Business

Credit Agricole Italy is interested in investing in the insurance activities of Banco BPM, the French banking group’s Italy head said on Monday. Banco BPM has exercised a call option to gain full ownership of its insurance joint-venture with France’s …

WTW Launches Cyber Coverage for Ports and Terminals

Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav. Designed to address the specific cyber threats faced by port and terminal owners and operators, CyNav provides both flexible and tailored cover for business interruption losses …

Texas Mutual Board Approves $330 Million Policyholder Dividend Distribution

Austin, TX., May 20, 2022 – Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced today that its board of directors voted unanimously to approve a $330 million dividend distribution in 2022. Dividends will be distributed …

Do Claims Against Musk Raise a Legal Issue for His Companies and Twitter Deal?

A report saying Tesla Inc CEO Elon Musk’s company SpaceX paid $250,000 to settle sexual harassment claims by a flight attendant on a private jet comes as he eyes a takeover of Twitter. Below is an overview of some of …

D.C. Sues Zuckerberg Over Cambridge Analytica Data Breach

The District of Columbia said it sued Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg for his alleged role in the data breach that allowed political consulting firm Cambridge Analytica to target Facebook users during the 2016 presidential election. A …

Florida Senate Committee Passes Insurance Market Rescue Bill 19-2

A Florida Senate committee overwhelmingly approved two measures Monday that supporters believe will go a long way toward trimming roof claims, litigation expenses and reinsurance costs for beleagured property insurers – but not before some Democratic senators warned it would …

Insurance Agents Should Promote Business Service Bonds

This post is part of a series sponsored by Old Republic Surety. Business bonds and fidelity bonds are easy cross-sells to many commercial clients. Incorporate them into your annual review of their coverages. We like to think that service employees …

Takeaways from Our Conversation on Cannabis Lounges

Anytime a cannabis lounge opens in some U.S. city it tends to garner a lot of media attention, and the headlines have been buzzing lately with lounge news. In California, Woody Harrelson recently opened a lounge in West Hollywood, and …

Virginia’s Loudoun School Board Sues to Halt Grand Jury Work

The Loudoun County School Board has asked for a temporary injunction that would halt the work of a grand jury convened as part of an ongoing state investigation into the district. The board filed a civil complaint Thursday arguing that …