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Allianz Raises 2020 Profit Target After 9.5% Jump in Q4 Results

German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was largely driven by an improved investment margin in its …

Idaho Insurance Agent Sentenced for Mishandling Funds

A licensed insurance producer from Emmett, Idaho, has been sentenced for misappropriation of fiduciary funds. Casandara H. Aune admitted to receiving cash for a client’s premium payment but reportedly did not apply the payment to the client’s account. Aune admitted …

Black Woman, County Settle New Mexico Profiling Lawsuit for $100K

New Mexico’s largest county has reached a racial profiling settlement with a black woman who was stopped by deputies three times in less than a month but never cited. Bernalillo County and Sherese Crawford reached a $100,000 settlement agreement in …

Parents of Oregon Man Who Died in Fire File $6M Suit

The parents of a man who died in a fire in Portland, Ore., have filed a nearly $6 million lawsuit against the apartment owners and the man accused of setting the fire. Batool and Ali Alhaji have filed a lawsuit …

Ohio Megachurch Ex-Pastor Settles Lawsuit Alleging Sex Abuse

A confidential settlement was reached in a former Ohio megachurch pastor’s lawsuit alleging televangelist Ernest Angley sexually abused and harassed him over a decade, starting in 2004. The allegations by Brock Miller, of Myrtle Beach, South Carolina, included that Angley …

Missouri School District Sued for $2.4M Over Girl’s Arrest

A woman whose daughter was wrongfully arrested at a middle school is suing the Columbia school district and police department. Kandas Holmes-Barnes is seeking a total of $2.4 million from the Columbia Public Schools and the Columbia Police Department after …

Wendy’s Pays $400K to Resolve Child Labor Law Allegations in Massachusetts

Fast-food chain Wendy’s has agreed to pay $400,000 to resolve allegations that it violated child labor laws by having teenage employees at dozens of Massachusetts restaurants work later and longer than allowed, the state attorney general’s office announced Tuesday. The …

Massachusetts’ J.E.D. Insurance & Financial Service Agency Joins SAN Group

J.E.D. Insurance & Financial Service Agency recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. The full-service agency specializes in home, automobile, life and business insurance. J.E.D. Insurance is located in the …

Cannabis Insurance Group Expands Coverages, Adds Managing General Agent

Garnet Underwriting Managers (GUM), the managing general underwriter assigned to manage Garnet Casualty Insurance Corporation, has signed its first managing general agent, Conway E&S of Warrendale, Penn. This is a step in Garnet Underwriting Managers’ continued advancement of its cannabis …

BHSI Taps Swiss Re’s Weinmann to Head Customer & Broker Engagement in Germany

Berkshire Hathaway Specialty Insurance (BHSI) announced further expansion of its European team, naming Daniel Weinmann as head of Customer & Broker Engagement in Germany. Weinmann comes to BHSI with more than 20 years of insurance industry experience. He was most …