In one of the nation’s largest wage recovery judgments, a Pennsylvania federal court has awarded $35.8 million in overtime back wages and liquidated damages to 6,000 current and former workers in nursing, rehabilitation and assisted living facilities. The workers were …
WCF Insurance Promotes Houting to SVP of Middle Market WCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of WCF’s middle market business unit. Houting has over 20 …
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed …
The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG). The deconsolidation and divestitures from last year affected AIG’s general insurance underwriting income, …
Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …
NEW DELHI (AP) — Multiple landslides in southern India have killed 93 people and many others are feared trapped under the debris, officials said Tuesday, after torrential rains triggered torrents of mud and water that swept through tea estates and …
JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation underwriter. Deryas is responsible for underwriting renewal commercial transportation …
This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires follows here. Malmström Named Swiss Re’s Group CFO as Dacey Retires Swiss Re announced that Anders Malmström will succeed John …
Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event. With the designation, PCS Global Cyber believes what has come to be known as the CrowdStrike event will cause …
The New York personal lines carrier Adirondack Insurance Exchange (AIE) is facing financial difficulties and has told its agents and customers that it is working on a transition plan for all existing policies. The insurer urged agents and customers to …
