Monthly Archives: <span>June 2023</span>

DA’s Office Charges California Contractors with Workers’ Comp Fraud and Conspiracy

Individuals from two construction companies in California’s Bay Area were arraigned on charges of conspiring to misclassify workers to avoid paying workers’ compensation insurance, payroll taxes and insurance premiums. The first complaint against Candido Silva, Itamar De Morais Junior, and …

Credit Ratings for New York Schools Insurance Reciprocal Downgraded

AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of New York Schools Insurance Reciprocal (NYSIR) in (Uniondale. The outlook of these …

Siemens and UCLA Say Data Compromised in MOVEit Data Breach

Siemens Energy and the University of California, Los Angeles (UCLA) said on Tuesday they were among victims of the MOVEit hack that has affected scores of corporations, governments and other institutions in recent weeks. The hackers behind the wide-ranging breach, …

Man and Stepson Die After Hiking in Extreme Heat in West Texas National Park

BIG BEND NATIONAL PARK, Texas (AP) – A Florida man and his 14-year-old stepson died after hiking in extreme heat at Big Bend National Park in West Texas, according to officials. The 31-year-old man had been hiking the Marufo Vega …

Tornado and Other Severe Weather Kill 3, Damage Homes, and Knock Out Power in Multiple States

SHOALS, Ind. (AP) – A tornado struck an Indiana home, killing a man and injuring his wife while two people died in Arkansas after a tree fell onto a house there as severe weather rumbled through several states. The tornado …

Inspection, Testing and Maintenance of Fire Protection Systems

This post is part of a series sponsored by IAT Insurance Group. Fires can wreak havoc on buildings, causing property damage to both occupants and building owners and in the most severe cases, fatality. Non-residential building fires in the United …

Michigan’s Hagerty Raises $105M

Hagerty, Inc., an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that the company is raising $105 million in capital from existing strategic investors including State Farm, Markel Group and the …

American Financial Group Names Berding President

American Financial Group, Inc. said John B. Berding has been elected president of AFG, effective immediately. Berding will continue to serve as president of American Money Management Corporation (AMMC), AFG’s subsidiary providing investment management services to AFG, its insurance subsidiaries …

Miami Port Access Reopens After Boat Crashed into Ferry, Killing One

A man was killed early this week and cruise line arrivals were disrupted after a 30-foot boat hit a ferry near Miami, authorities said. Another man was hospitalized in serious condition after the boat hit the Fisher Island Ferry about …

Kentucky AG Accused of Seeking Donations from Company His Office is Investigating

Republican Attorney General Daniel Cameron directly solicited donations for his gubernatorial campaign from executives with a Kentucky drug treatment organization that his office began investigating last year, according to an attorney for the organization. The request for contributions occurred during …