Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such ambitions harder to deliver. The …
Insurance brokerage World Insurance Associates reported that it recently closed on purchasing three insurance agencies in the Northeast. World Insurance acquired Michael F. Iacangelo & Company Inc. of Belleville, New Jersey on September 1, 2022. Iacangelo, founded in 1957, sells …
Housing prices fell again last month in Miami-Dade County and dipped for the first time in months in neighboring Broward County, an uplifting sign for aspiring home buyers. Miami-Dade’s median sale price dwindled to $551,250 for a single-family home in …
Uber Technologies Inc.’s former security chief was convicted of concealing a massive data breach in a case that prosecutors tied to the company’s troubled past under its original leadership. Joe Sullivan was found guilty in San Francisco federal court Wednesday …
The Vancouver City Council in Washington has approved a $725,000 settlement in the police shooting of a man who was experiencing a mental health crisis in April 2020. Three Vancouver police officers fatally shot William Abbe, 50. The Thurston County …
The Florida Division of Workers’ Compensation has rescheduled two workshops on proposed rules governing physician dispensing of medications. The workshops were set for Sept. 29 but were postponed due to the arrival of Hurricane Ian across much of Florida last …
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of Aegis Security Insurance Co., based in Harrisburg, Pennsylvania. …
As awareness grows around the world about the problem of food waste, one culprit in particular is drawing scrutiny: “best before” labels. Manufacturers have used the labels for decades to estimate peak freshness. Unlike “use by” labels, which are found …
Falcon Expands Leadership Team with Key Senior Hires Falcon Risk Holdings LLC (Falcon), the US Financial, Professional and Cyber lines MGA, has announced four senior appointments to its team. Bryan Harmsen joins the team as chief operating officer. Harmsen previously …
Texas Mutual, the state’s leading provider of workers’ compensation insurance, today announced that the company’s President & Chief Executive Officer, Richard “Rich” Gergasko, has shared with the Board of Directors his intention to retire in early 2023. Gergasko joined Texas …