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People Moves: Aspire Promotes New Leadership; Venbrook Names Hicks Transportation Practice Lead

Aspire Promotes Nicholson, Storms and Storms to New Leadership Roles Aspire General Insurance promoted Tyler Nicholson to the newly created role of chief revenue and distribution officer. Nicholson has more than 20 years of industry experience, joining Aspire in 2016 …

Passenger Flight and Air Force Jet Diverted From Potential Collision at DC Airport

A U.S. passenger flight preparing to leave the nation’s capital and an incoming military jet received instructions to divert and prevent a possible collision, officials said. Delta Air Lines Flight 2983 was cleared for takeoff at Ronald Reagan Washington National …

Con Edison to Pay $750,000 to Settle Harassment Allegations

The New York utility provider Con Edison has agreed to pay $750,000 and implement a host of anti-harassment reforms to settle a lawsuit claiming it routinely ignored discrimination complaints brought by female field workers. The settlement, announced Tuesday, comes after …

AM Best Removes Pie Insurance From Review With Negative Implications

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Pie Insurance Company (Columbus, OH) and its pooled affiliate, Pie …

RYZE Claim Solutions Acquires Texas’ Leading Edge

RYZE Claim Solutions, a full-service claims management company, announced the acquisition of Leading Edge Claims Service, a firm based in Southlake, Texas. This strategic move further strengthens RYZE’s position in the industry, reinforcing its long-term vision for the continued expansion …

Texas Investigating Medicaid Insurer Accused of Spying on Citizens

Texas Attorney General Ken Paxton announced Thursday that he has launched an investigation into one of the state’s Medicaid insurance providers after allegations that the company illegally spied on Texans. The state is investigating Superior HealthPlan, an insurance company that …

Nevada Man Charged in Connection with Violent Tesla Arson in Las Vegas

A Las Vegas resident appeared in U.S. District Court in Las Vegas, Nevada, to face federal charges related to an arson at a Tesla collision business. Paul Hyon Kim, 36, was charged by criminal complaint with one count of unlawful …

15% of WR Berkely Shares to Be Acquired by Mitsui Sumitomo Insurance

W.R. Berkely Corp. said Friday that Japanese property/casualty insurer Mitsui Sumitomo Insurance Co. will buy a 15% stake in the company through open market purchases or private transactions with third parties. W.R. Berkely said the Berkely family will not be …

People Moves: Cotton Named COO at Mangrove, Thomas VP at Summit

The recently formed, Florida-based Mangrove Property Insurance Co. has named former Olympus Insurance COO as chief operating officer and elevated four others to management roles at the startup. Tim Cotton, who spent almost four years at Olympus as COO and …

NHTSA Probes More Than 2 Million Hondas Over Engine Restarting Concerns

The National Highway Traffic Safety Administration said on Friday it was opening an engineering analysis into 2.2 million Honda vehicles over concerns related to its engine restarting. Complainants allege the engine fails to restart on its own from a complete …