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McDonald’s Sued by Colorado Man Sickened in E. Coli Outbreak

A Colorado man has filed what appears to be the first lawsuit against McDonald’s over an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others. The lawsuit, filed in Circuit Court …

PCF Insurance to Rebrand as Trucordia With New Growth Strategy

Until now, PCF Insurance Services was focused on size and scale, with independently operated offices that may not have known the PCF brand. That’s all about to change. PCF Insurance will now be known as Trucordia, marking a shift toward …

People Moves: Grant Joins Alliant Midwest Team as SVP

Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most recently serving as …

Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs

Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premiums,” found that the average flood insurance …

People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howden Re Announces 4 Senior Appointments in Germany

This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA Liberty Specialty Markets …

Feds Issue Ultimatum to Louisiana on $3 Billion Coastal Restoration Project

NEW ORLEANS, La. (AP) — Federal officials want to know if Louisiana remains committed to a nearly $3 billion planned coastal restoration project that litigation has stalled. Federal officials warned in a Friday letter to the head of Louisiana’s Coastal …

Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to Small Island Developing States (SIDS) in the Pacific. in partnership with the …

South Texas Town Lifts Boil Water Notice After 11 Days

McALLEN — Laredo residents are free to use their water after an 11-day boil-water notice expired earlier this week. City officials announced the end of the warning and pledged to address the factors believed to have caused the city’s water …

AM Best Revises Outlook to Stable for American Family Mutual and Core Affiliates

AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of American Family Mutual Insurance …

AI Push Sees Italy’s Intesa Axing 9,000 Jobs in ‘Generational’ Shift

Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry. The Italian lender plans for 9,000 …

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