Yearly Archives: <span>2022</span>

AM Best Downgrades Outlook for Florida Family Insurance Companies

The AM Best rating firm has downgraded the credit rating and the outlook for Florida Family Insurance and its subsidiary, Florida Family Home Insurance Co. The rating firm said the companies’ long-term issuer credit rating has dropped from “bbb+ (good)” …

Senior Life Launches New AgentSync Powered Agent Portal Enabling Agent Onboarding in Minutes

With AgentSync’s leading producer management technology, Senior Life has created massive efficiencies and streamlined agent onboarding to take minutes, not days. Denver, CO., March 10, 2022 –– Senior Life Insurance Company, one of the fastest-growing final expense companies in the …

People Moves: AXA XL Names Bewlay Chief Exec Reinsurance, Replacing Cooper; Marsh Promotes 3 for Affinity; Hartford Hires Generali’s Mather to Lead Int’l Financial Lines

This edition of International People Moves details appointments at AXA XL, Marsh and The Hartford. A summary of these new hires follows here. AXA XL Names Bewlay as Chief Executive Reinsurance, Succeeding Cooper AXA XL announced Nancy Bewlay has been …

California Spraying Company Found Liable for Pesticide Drifts

A Northern California pesticide spraying company was negligent on at least five occasions its helicopter pilots allowed the toxic chemicals to drift onto neighboring orchards, children playing soccer and a woman standing in her backyard, a judge ruled this week. …

Appeals Court Rules Protesters Can Sue Over Vegas Arrests

A federal appeals court ruled that a Las Vegas police detective can be sued for arresting protesters who chalked anti-police slogans on the sidewalk in front of the police station. Three activists arrested in 2013 broke an anti-graffiti law but …

Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s

Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility and higher energy prices, Moody’s Investors Services said last week. In a research report released prior to yesterday’s news of …

Cyber Firm: At Least 6 U.S. State Governments Hacked by China

Hackers working on behalf of the Chinese government broke into the computer networks of at least six state governments in the United States in the last year, according to a report released Tuesday by a private cybersecurity firm. The report …

Taxi Driver Shot by Off-Duty Officer Settles With New York County for $2M

A cab driver who was wounded by an off-duty police officer in a 2011 road-rage shooting has settled his lawsuit against New York’s Nassau County for $2 million. Newsday reports that county legislative committees approved the payment to Thomas Moroughan …

Brother, Sister Charged in $124 Million Cryptocurrency Fraud

U.S. authorities on Tuesday filed criminal charges against a cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin. In papers …

Managers at UK Firms Expect to Dial Back Pandemic-Era Flexible Work Arrangements

Many managers at UK companies expect to dial back their pandemic-era embrace of remote work and flexible arrangements once COVID-19 recedes, dampening hopes among employees that many of the changes will endure. A survey of UK managers and human resources …