Carolina Company CFO Ordered to Pay Restitution to Insurer in $2 Million Embezzlement October 26, 2022 The former chief financial officer for a Carolina-based manufacturing supply company must spend more than three years in prison and...
Risk Strategies Acquires Actuarial Firm Aquarius Capital October 26, 2022 Specialty insurance broker Risk Strategies announced it has acquired Aquarius Capital Solutions Group, an actuarial firm focused on health care,...
A Decade After Sandy, New York City Resiliency Projects, Spending Lag: Comptroller October 26, 2022 Ten years after Superstorm Sandy pounded New York City’s coastal areas, taking 43 lives and causing $19 billion in damages,...
Update: Ping An Profit Falls 6.3% on Market Turmoil, Weaker Sales October 26, 2022 Ping An Insurance (Group) Co., China’s second-largest insurer by market value, posted a 31.5% drop in third-quarter profit as a...
Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15% October 26, 2022 In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of...
People Moves: Newfront Appoints Talmanson; Woodruff Sawyer Adds Dorsey October 26, 2022 Newfront appoints Talmanson to Lead Property and Casualty Team Industry veteran Michael Talmanson is leading the new property and casualty...
Flexsteel to Pay $9.8M For Contamination Cleanup at Indiana Site October 26, 2022 Flexsteel Industries Inc. has agreed to a consent decree that requires it to pay $9.8 million for the cleanup of...
AmTrust Acquires Mid-Market Book from DUAL October 26, 2022 AmTrust Financial Services announced that it has acquired the middle market management liability business of DUAL North America, a Florida-based...
Fagan to Replace Koscielny at Florida Peninsula Insurance October 26, 2022 The Florida Peninsula Insurance group of companies announced that Joe Fagan will replace Michael Koscielny as vice president of underwriting...
Louisiana Issues C&D Order to Baton Rouge Producer October 25, 2022 Investigators from the Office of Insurance Fraud at the Louisiana Department of Insurance (LDI) issued resident producer Houston Thomas and...