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Nearly 8-in-10 Executives Believe World is at ‘Climate Change Tipping Point’
Two-thirds of executives say their companies are “very concerned” about climate change, and 79% believe the world is at “a climate change tipping point,” according to the recently released Deloitte 2022 CxO Sustainability Report. Deloitte polled more than 2,000 C-suite …
POSTED JANUARY 20, 2022 9:54 PM |
Appeals Court Clears The Hartford on Most BP Oil Spill Cleanup Workers’ Injury Claims
Navigators Insurance, part of The Hartford, does not have to cover most medical and injury claims from 2,000 workers who cleaned beaches after the 2010 BP oil spill in the Gulf of Mexico, a federal appeals court decided Wednesday. In …
POSTED JANUARY 20, 2022 5:48 PM |
Alera Group Acquires Texas-Based Heritage Risk Management
Alera Group, a national insurance and wealth services firm, has acquired Amarillo, Texas-based Heritage Risk Management, a network of independent risk management agencies which serve clients throughout Texas, Oklahoma, Colorado and New Mexico. Heritage Risk Management’s network of independent risk …
POSTED JANUARY 20, 2022 5:27 PM |
New York Contractor Underreported Payroll by 89 Workers, DA Says
A Congers, New York, contractor has been arrested after he was indicted on insurance fraud charges for allegedly underreporting his payroll by 89 workers. Anthony Frascone, 51, owner of Alpha-Omega, told his workers’ compensation insurance provider that his company had …
POSTED JANUARY 20, 2022 5:18 PM |
Louisiana Food Preparer Settles $67K Racial Harassment Suit
A food preparer and retailer in Scott and Carencro, Louisiana, has agreed to pay a former employee $67,500 to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission. The lawsuit was resolved through a consent decree, which U.S. …
POSTED JANUARY 20, 2022 5:13 PM |
New Jersey Governor Signs Auto Insurance Bad Faith Bill Into Law
New Jersey Gov. Phil Murphy has signed into law a bill that proponents have said makes the auto insurance claims process fairer for policyholders and businesses have warned will raise premiums. The New Jersey Insurance Fair Conduct Act gives motorists …
POSTED JANUARY 20, 2022 5:07 PM |
Group Delivers Whistleblower Documents on Wisconsin Clergy Abuse
An advocacy group working to end clergy abuse in Wisconsin has delivered thousands of documents from Wisconsin’s five Catholic dioceses to the state attorney general, documents it says show a systemic coverup of abuse. The documents were provided to Nate’s …
POSTED JANUARY 20, 2022 4:54 PM |
U. of Michigan Reaches $490M Settlement Over Sexual Abuse
The University of Michigan has agreed to a $490 million settlement with more than 1,000 people who say they were sexually assaulted by a former sports doctor during his nearly four-decade career at the school, the university and those involved …
POSTED JANUARY 20, 2022 4:38 PM |
Travelers Sets Some Records with Q4 Results
Insurer Travelers reported a quarterly profit of $1.3 billion, an increase of $23 million and a record for the fourth quarter that was achieved despite higher catastrophe claims. The Hartford-based insurer boosted net written premiums by 10% over last year’s …
POSTED JANUARY 20, 2022 3:35 PM |
People Moves: Pinnacol Names Neppel Chief Investment Officer; Alliant Makes Krickl Vice President
Pinnacol Assurance named Jennifer Neppel chief investment officer. Neppel will succeed David Bomberger, who will retire on March 1 after nine years with Pinnacol. Neppel has a background in investment management, mostly for large healthcare organizations. Pinnacol Assurance is Colorado’s …
POSTED JANUARY 20, 2022 3:21 PM |
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