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Brightway Insurance Promotes Spendley to VP of Accounting Operations

Brightway Insurance, an insurance retailer and personal lines insurance agency, has promoted Jess Spendley to vice president of Accounting Operations. In this role, Spendley joins the executive team of the franchiser. Spendley started at Brightway as an Accounting intern while …

More Than $270K in Fines Issued Against Firms in Massachusetts, Pennsylvania

Investigations by the Connecticut Department of Labor’s Wage and Workplace Standards Division into complaints of workers being improperly employed at a large poultry plant in Bozrah has led to fines of more than $270,000 and hundreds of violations against the …

Study Says Medical Payments Per Workers’ Comp Claim Decreased in North Carolina

Medical payments per claim in North Carolina decreased five to seven percent per year since 2014, according to a recent study by the Workers Compensation Research Institute (WCRI). These decreases likely reflect fee schedule changes for hospitals and ambulatory surgery …

AM Best Revises Outlooks to Positive for South Carolina’s Canal Group

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B++ (good) and the long-term issuer credit ratings of “bbb+” of Canal Insurance Company and Canal Indemnity Company, collectively referred to as Canal …

13 Workers from a New Hampshire Company Treated at Hospital After Chemical Incident

Authorities say 13 people from a New Hampshire company were taken to hospitals and more than 50 others were evacuated after being exposed to a chemical. The incident at Fluid Air, a subsidiary of Spraying Systems Co., in Merrimack, happened …

Arch Re to Buy Aspen Re’s Global Credit and Surety Reinsurance Business

Arch Reinsurance, a subsidiary of Arch Capital Group Ltd., is acquiring Aspen Reinsurance’s global credit and surety reinsurance business after Aspen Re decided to exit the line. In addition to the renewal rights on the portfolio, Arch and Aspen have …

One Critically Injured in Fire at Texas Oilfield Site

One person was seriously injured in a Midland, Texas, explosion and fire on Thursday involving several storage tanks and a truck used in oilfield operations, city and hospital officials said. The fire was contained at the property owned by petroleum …

MRI Software Acquires Ohio’s Multifamily Insurance Partners

MRI Software (MRI), a global provider of real estate software, has acquired Ohio-based Multifamily Insurance Partners, which provides resident insurance programs for the US multifamily rental market. The launch of MRI Multifamily Insurance gives property managers more choice when it …

Clark to Take Over as CEO of HDI Global USA in Chicago; Diericx Named President

Chicago-based HDI Global Insurance Co. (HDI Global USA) has appointed Jim Clark as its chief executive officer, effective Jan. 1, 2020. Brad Diericx, chief financial officer of HDI Global USA since 2014, will assume the role of president. Clark, who …

My Chi To Named Executive Deputy Superintendent of Insurance in New York

New York Superintendent of Financial Services Linda A. Lacewell has appointed My Chi To as executive deputy superintendent of the Insurance Division at the Department of Financial Services (DFS), which regulates more than 1,400 insurance companies with assets of $4.7 …