AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice President and Chief Risk Officer, effective immediately. He replaces Sabra Purtill, who was named Executive Vice President and Chief Investment …
A plaintiff is not required to present an affidavit of merit when bringing a vicarious liability claim against a licensed entity for the alleged negligence of an unlicensed employee, the New Jersey Supreme Court has ruled. According to the court, …
Officials in a North Carolina city have settled a federal discrimination lawsuit with a former female firefighter who said she had endured a hostile work environment in which the fire chief and others inflicted emotional distress. John Hunter, the attorney …
Severe storms that moved across South Carolina earlier this week caused at least 13 tornadoes and hail the size of baseballs, emergency officials said. Fourteen homes were destroyed by the tornadoes as they moved through Tuesday in Allendale, Bamberg, Clarendon …
Vape seller JUUL must pay $22.5 million to resolve Washington Attorney General Bob Ferguson’s lawsuit, which asserts that JUUL violated the law when it designed and marketed its products to appeal to underage consumers and deceived consumers about the addictiveness …
Credit Agricole SA intends to bid for Banco BPM SpA’s insurance businesses after having bought a minority stake in Italy’s third-largest bank, according to people with knowledge of the matter. The French bank is ready to compete with AXA SA …
SAN Group Names Fornari as Regional Vice President for Massachusetts Satellite Agency Network (SAN) Group, the alliance of independent insurance agencies in the Northeast, welcomed its recent hire Andrew Fornari, who has joined as regional vice president for Massachusetts. In …
The Insurance Industry Charitable Foundation honored Eric J. Andersen, president of Aon, with IICF’s Golden Horizon Award. The annual award recognizes an individual within the insurance community who has demonstrated philanthropic excellence and leadership. IICF also granted nearly $410,000 at …
California-based national agency Relation Insurance Services reports it has acquired the assets of Guilford, Connecticut-based Yerkes-Stephens Insurance. Yerkes-Stephens was previously part of Nationwide Mutual Insurance Co.’s exclusive distribution network. Terms of the transaction were not disclosed. Yerkes-Stephens provides personal and …
According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly $5 billion in 2021 compared with overall growth for the property casualty industry of 9%, making cyber insurance the fastest …