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Hackers Target Data of Catholic Workers in Michigan
Hackers cracked a computer network and got access to Social Security numbers and other personal information of more than 10,000 people who work for Roman Catholic churches or church affiliates around Michigan. “I cannot tell you how many prayers have …
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66% of Small Businesses Lack Business Interruption Coverage: Survey
Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new Nationwide-sponsored survey. …
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Members of Ohio Auto Insurance Fraud Ring Sentenced
Two additional members of a Cincinnati-area fraudulent auto insurance claim ring have been sentenced in Hamilton County Common Pleas Court, the Ohio Department of Insurance announced. The three main participants in the ring have now been sentenced for filing fraudulent …
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Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies at home and …
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Iowa Hotel Owners Must Pay Over $1M in Harassment Case
The owners of an Iowa hotel have been ordered to pay two former employees who complained about sexual harassment more than $1.2 million. An Iowa jury ruled against the owners of a Quality Inn and Suites in Peosta, Iowa, The …
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Three Northern California Firms Rebrand to ‘Risico’
Three jointly-owned insurance firms in Northern California are merging into a united corporate identity known as “Risico.” The firms involved are KRM Risk Management Services Inc., American All-Risk Loss Administrators Inc. and Total Managed Care Inc. All three specialize in …
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Can U.S. P/C Insurers Handle Equity Market Volatility?
While some are more exposed than others, U.S. property/casualty insurers generally can handle more significant deterioration in global equity market conditions while maintaining capital positions consistent with current ratings, according to analysts at Fitch Ratings. U.S. P/C insurance companies traditionally …
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Hub Acquires Assets of California-Based Howitt Benefit Services
Hub International Ltd. has acquired the assets of Howitt Benefit Services in San Jose, Calif. Terms of the deal were not disclosed. Nancy Howitt, Howitt’s president and client service supervisor, will join Hub California and report to Darren Caesar, senior …
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Competition Increases in Louisiana Insurance Commissioner Race
Insurance Commissioner Jim Donelon has picked up another challenge to his fall re-election bid. Charlotte McDaniel McGehee, a Democrat and lawyer from Baton Rouge, announced her candidacy this week. In a statement, McGehee described herself as a business owner and …
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Schul Joins Analytics Firm RiskMatch
Patrick Schul has joined RiskMatch, a Greenwich, Connecticut-based analytics firm for underwriters and brokers, as chief sales and marketing officer. Before joining RiskMatch, Schul was chairman and CEO of Schul Baker Partners, a firm he co-founded in 2011 to help …
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