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15 03, 2023

Wall Street Regulator Unveils New Hacking, Data and Market Resiliency Rules

By | March 15th, 2023|Uncategorized|Comments Off on Wall Street Regulator Unveils New Hacking, Data and Market Resiliency Rules

The top U.S. markets regulator announced a package of proposed policies on Wednesday designed to harden the financial system against hacking, data theft and systems failure. At the start of a public meeting, the Securities and Exchange Commission’s (SEC) five …

15 03, 2023

Arthur J. Gallagher & Co. Buys UK Broker FE Protect

By | March 15th, 2023|Uncategorized|Comments Off on Arthur J. Gallagher & Co. Buys UK Broker FE Protect

Arthur J. Gallagher & Co. announced the acquisition of UK-based AT Squared Holdings Ltd., operating as FE Protect. Terms of the transaction were not disclosed. FE Protect is an insurance broker specializing in the UK education sector. Based in Merseyside, …

15 03, 2023

Amendment to Florida Tort-Reform Would Grant One-Way Attorney Fees in Some Cases

By | March 15th, 2023|Uncategorized|Comments Off on Amendment to Florida Tort-Reform Would Grant One-Way Attorney Fees in Some Cases

A sponsor of a far-reaching Florida tort-reform bill warned last week that the measure, unlike previously adopted insurance legislation, is subject to change as it moves through the House and the Senate. On Tuesday, that proved true as the Senate …

16 03, 2023

People Moves: PCF in Utah Names Two New Senior Vice Presidents

By | March 16th, 2023|Uncategorized|Comments Off on People Moves: PCF in Utah Names Two New Senior Vice Presidents

PCF Insurance Services in Lehi, Utah, has announced two new senior vice presidents. Peter Nettesheim was named to the newly created role of senior vice president of data and technology. Nettesheim has 25 years of experience and oversees data, business …

16 03, 2023

Lawsuit Blames Philadelphia Rowhuse Fire That Killed 12 on City Agency, Lighter Importer

By | March 16th, 2023|Uncategorized|Comments Off on Lawsuit Blames Philadelphia Rowhuse Fire That Killed 12 on City Agency, Lighter Importer

The first lawsuit filed over a Christmas tree fire in Philadelphia – which killed 12 members of an extended family last winter – accuses the city’s Housing Agency of lax oversight of the three-story rowhouse and a California company of …

16 03, 2023

Denver Paying $1.6M to Protesters Injured in 2020

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The city of Denver will pay $1.6 million to settle lawsuits filed by seven people who police injured during demonstrations over the killing of George Floyd in 2020. The City Council approved the settlements Monday, the largest of which will …

16 03, 2023

California Workers’ Comp Committee to Discuss Insurer Experience

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The Workers’ Compensation Insurance Rating Bureau of California’s Actuarial Committee is set to talk about insurer experience, and the impact of the economic slowdown on the pure premium. The committee is set to meet virtually at 9:30 a..m on March …

16 03, 2023

California Care Home Charged in Connection With COVID Deaths

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A Southern California residential care home company and three of its managers have been charged in connection with 14 COVID-related deaths at one of its facilities three years ago, prosecutors said. The criminal complaint alleges Silverado Senior Living Management failed …

16 03, 2023

Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case

By | March 16th, 2023|Uncategorized|Comments Off on Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case

A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages but neither the agent nor the insurer has a fiduciary duty to an insured under Connecticut law. U.S. District Judge …

16 03, 2023

Judge Approves Release of Baltimore Church Sex Abuse Report

By | March 16th, 2023|Uncategorized|Comments Off on Judge Approves Release of Baltimore Church Sex Abuse Report

A judge on Tuesday granted the Maryland Attorney General’s Office permission to publicly release a redacted version of an investigative report detailing sex abuse allegations against more than 150 Roman Catholic priests and examining the Archdiocese of Baltimore’s response. Officials …