Washington Insurance Commissioner Mike Kreidler issued a fine of $950,000 against ACE American Insurance Co. and Indemnity Insurance Co. of North America for reportedly overcharging 18,000 Washington consumers for nearly five years. Kreidler ordered the companies to repay $4.7 million …
Korean Re has completed the establishment of a branch office in Shanghai as the company received final approval from the authorities of the People’s Republic of China on Dec. 27, 2019. The new office in Shanghai will be Korean Re’s …
A county in Northern California wine country is exploring plans to sue a utility over a massive wildfire last fall that combined with rolling power shutoffs caused losses of $725 million. The Sonoma County Board of Supervisors voted Tuesday to …
Everest Re Group Ltd. has announced that Artur Klinger will join the Everest Reinsurance Division during mid-to-late 2020 as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33 years in the industry. Klinger joins Everest Re …
Tesla Inc. said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company’s electric cars over the alleged defect. On …
Xceedance, a global provider of insurance consulting, managed services, technology, data sciences and blockchain solutions, has acquired Activer Solutions. Located in Marlborough, Mass., Activer Solutions specializes in insurance operations and technology services for the front, middle and back office operations …
A former western Pennsylvania church administrator has been sentenced to 10 to 20 years in the theft of $1.2 million that prosecutors said he and his wife used for vacations, sports tickets and other personal expenses. An Allegheny County judge …
Delaware Insurance Commissioner Trinidad Navarro was appointed chair of the National Association of Insurance Commissioner’s Antifraud Task Force. Commissioner Navarro previously served as vice-chair of the committee and served in law enforcement for much of his career before his election …
Willis Re, the reinsurance broking business of Willis Towers Watson, announced the appointment of Cameron Green as head of its International Casualty Reinsurance practice as well as chair of Willis Re Australia. In this new role as the leader of …
IMA Inc., a national insurance brokerage firm with offices in Dallas, is expanding to Fort Worth with the addition of two insurance veterans, Trey Schuler and Gavin Wallace. Schuler and Wallace will work in tandem. The pair will serve as …
