News Archives - Insurance Journal

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20 05, 2022

People Moves: NFP Names New Exec Team in Canada; Acrisure Re Hires WTW’s Ainsby to Lead New Asia Fac Unit; Howden Sweden Taps WTW’s Gustafsson as CEO

By | May 20th, 2022|Uncategorized|Comments Off on People Moves: NFP Names New Exec Team in Canada; Acrisure Re Hires WTW’s Ainsby to Lead New Asia Fac Unit; Howden Sweden Taps WTW’s Gustafsson as CEO

This edition of International People Moves details appointments at three brokers: NFP, Acrisure Re and Howden Sweden. A summary of these new hires follows here. NFP Names New Exec Team in Canada NFP, the New York City-based property/casualty insurance broker …

20 05, 2022

Republicans Have a New Enemy No. 1: ESG Investing

By | May 20th, 2022|Uncategorized|Comments Off on Republicans Have a New Enemy No. 1: ESG Investing

Heading into the hotly contested midterm elections, the American political right has a new rallying cry: Down with ESG. Conservatives have identified the popular investing strategy, which accounts for environmental, social and governance risks, as part of a broader narrative …

20 05, 2022

Mental Telehealth CEO Ousted as U.S. Probes Prescription Practices

By | May 20th, 2022|Uncategorized|Comments Off on Mental Telehealth CEO Ousted as U.S. Probes Prescription Practices

Cerebral Inc. directors voted to oust the mental telehealth giant’s founder and chief executive officer, Kyle Robertson, on Wednesday, as the booming industry draws scrutiny from federal law enforcement and patient advocates. Robertson had built Cerebral into a $4.8 billion …

20 05, 2022

Pharmacy Owners Sentenced in ‘Astonishing’ $174M Cream Scheme

By | May 20th, 2022|Uncategorized|Comments Off on Pharmacy Owners Sentenced in ‘Astonishing’ $174M Cream Scheme

A federal judge in Tennessee has sentenced two Florida men to prison after they were found guilty of an extensive telemedicine fraud that convinced pharmacy benefits managers ExpressScripts, CVS Caremark, Optum and others to authorize millions of dollars in compounded …

20 05, 2022

Hawaii Hurricane Season Forecasted to be Slow With La Nina

By | May 20th, 2022|Uncategorized|Comments Off on Hawaii Hurricane Season Forecasted to be Slow With La Nina

Hawaii and the Central Pacific basin should expect two to four hurricanes, tropical depressions or tropical storms this year, federal forecasters said. The annual National Oceanic and Atmospheric Administration outlook predicts there is a 60% chance of a below-average season. …

20 05, 2022

Arson Probe After 14 Homes Being Built in Arizona Destroyed

By | May 20th, 2022|Uncategorized|Comments Off on Arson Probe After 14 Homes Being Built in Arizona Destroyed

Authorities in the Tucson suburb of Marana, Arizona, are investigating whether a fire that destroyed 14 homes under construction homes was arson. Marana police officials said the fire started last week. By the time crews from the Northwest Fire District …

20 05, 2022

Markets/Coverages: Maryland’s Residual Insurer Ups Limits Available for Commercial Drivers

By | May 20th, 2022|Uncategorized|Comments Off on Markets/Coverages: Maryland’s Residual Insurer Ups Limits Available for Commercial Drivers

Maryland’s auto insurance market for drivers that private insurers won’t cover has received approval to offer combined single limits coverage up to $1 million for eligible businesses and vehicles. Maryland Auto Insurance (MAI) says many contracts, particularly governmental contracts, require …

20 05, 2022

Explosion at Maryland Nail Salon Injured 7 Including First Responders

By | May 20th, 2022|Uncategorized|Comments Off on Explosion at Maryland Nail Salon Injured 7 Including First Responders

Seven people, including police officers and EMS personnel, were injured in an explosion at a Maryland nail salon on Monday night, officials said. Baltimore County police officers responded to a disturbance at a Woodlawn nail salon and encountered a person …

20 05, 2022

Two of Central Kentucky’s Oldest Agencies Merge

By | May 20th, 2022|Uncategorized|Comments Off on Two of Central Kentucky’s Oldest Agencies Merge

Two of the oldest insurance agencies in Central Kentucky have merged. Rightmyer Insurance Agency in Danville, founded in the 1930s, has joined forces with Sam Dexter Insurance Agency, which began in 1954, according to a local news report. The two …

19 05, 2022

California Employers Cited $1.75M in Refinery Worker Death

By | May 19th, 2022|Uncategorized|Comments Off on California Employers Cited $1.75M in Refinery Worker Death

The Cal/OSHA Process Safety Management Unit cited Valero Refinery of Benicia and three contractors a combined $1.75 million for serious safety violations following a confined space death of a 35-year-old worker who suffocated in a regenerator overflow well. Cal/OSHA inspectors …