South Carolina is transferring its insurance fraud investigations from the attorney general to the insurance regulator. Ray Farmer, director of the South Carolina Department of Insurance (SCDOI), said he has entered into an agreement with Attorney General Alan Wilson and …
Crest Insurance Group has acquired SpringbergMcAndrew Insurance in Lake Havasu City, Ariz. Principal Mike McAndrew joined the firm in 1989. McAndrew and longtime co-owner Brian Springberg have since grown the company to one of the largest firms in Mohave County. …
A Massachusetts man has been sentenced to prison for a fraud scheme to evade payroll taxes and workers’ compensation requirements in the construction industry. U.S. District Judge Marcia Morales Howard has sentenced Dennis Alexander Barahona of Chelsea, Massachusetts, to 18 …
AM Best has assigned a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent) to Spinnaker Specialty Insurance Company headquartered in Bedminster, New Jersey. The outlook assigned to these credit ratings is stable. The …
A former NFL player hired last year to help lead diversity initiatives at Liberty University is suing the school, alleging racial discrimination in his demotion and subsequent firing. The federal lawsuit filed Friday by Kelvin Edwards says he faced discrimination …
Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the launch of a suite of climate advisory and modeling services, as companies look to develop and integrate robust climate change strategies into their overarching environmental, social and governance …
The number of wildfires and amount of land burned in parched California so far this year greatly exceed totals for the same period in the disastrous wildfire year of 2020. Between Jan. 1 and July 4, there were 4,599 fires …
A federal jury has ordered King County to pay about $900,000 to a Black senior Metro transit worker who said he was retaliated against after alleging racial discrimination. The verdict by a jury in U.S. District Court in Seattle in …
BMS Re has acquired Trean Intermediaries, a Wayzata, Minn.-based independent reinsurance broker and services company. BMS Re has acquired Trean in full, with staff and infrastructure transferring to BMS Re. Sean Ryan, president of Trean, will assume the newly created …
Consilium, the London-based insurance and reinsurance broker, part of the Aventum Group, has unveiled “Exponential,” a new global delegated underwriting authority (DUA) service for coverholders, which aims to disrupt the prevailing market for binder placements and help coverholders grow their …