Monthly Archives: <span>January 2024</span>

Alliant Acquires Aldrich Benefits in Oregon

Alliant Insurance Services acquired Oregon-based employee benefits firm Aldrich Benefits LP, of a member of the Aldrich group of companies. The Aldrich companies will continue to provide financial, wealth, tax, and business transition strategies and services to its clients. The …

Questions on AI, Budget Deficit, Gun Owners Liability Await California Lawmakers

California lawmakers returned to work this week for the start of an election-year legislative session dominated by decisions on artificial intelligence and the state`s struggling budget. The budget is a big issue every year in California, which is the nation’s …

People Moves: Baum Named Chief Operating Officer of California Workers’ Comp Institute

The California Workers’ Compensation Institute named Gideon L. Baum chief operating officer. He will take over the role on Feb. 1. Baum most recently served as the vice president of policy at the California Hospital Association. Before that, he was …

Kennedy Cousin Whose Murder Conviction Was Overturned Sues Cop, Connecticut Town

Kennedy cousin Michael Skakel, whose murder conviction in the 1970s killing of a teenager in Connecticut was overturned, is suing the lead police investigator in the case and the town of Greenwich for alleged malicious prosecution, civil rights violations and …

Small Earthquake Shakes Maryland Suburbs

A small earthquake shook the Maryland suburbs of Washington, D.C., early Tuesday, according to the U.S. Geological Survey. The quake with a preliminary magnitude of 2.3 happened around 12:51 a.m. It was centered nearly 2 miles (about 3.2 kilometers) west …

Medical Biller Charged With Stealing $1 Million in Workers’ Compensation Payments

New York Attorney General Letitia James announced the arrest and arraignment of a New Jersey man for allegedly stealing more than $1 million that was intended to be paid to doctors who provided medical care to injured workers covered under …

FTC Reaches Settlement With XCast Labs Over Illegal Robocalls

U.S. regulators and XCast Labs have agreed on a proposed settlement of charges that the company facilitated billions of illegal robocalls, the Federal Trade Commission (FTC) said on Tuesday. The FTC also ordered the Voice over Internet Protocol (VoIP) provider …

NFL Star Receiver’s House Catches Fire in Miami

Miami Dolphins wide receiver Tyreek Hill and his family were reported safe after a fire broke out in his Miami-area home Wednesday afternoon. The Associated Press, the New York Post and other news outlets reported that the fire scorched part …

Viewpoint: Scoring Cyber Insurance Predictions of 2023

Twelve months ago in a rush of blood to the head, I wrote this article with a selection of cyber insurance themes I thought were pertinent for 2023. In the spirit of transparency, I thought I should mark my own …

January’s Property Cat Renewals See Biggest Price Hikes in Turkey, Italy and US

While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further upward pressure on retentions and prices, according to reinsurance brokers in comments about the …