Everest Promotes Mesagaes as Reinsurance Head of Renewable Energy Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jonathan Mesagaes has been named head of Renewable Energy. He will report to John Hyland, head of Underwriting and Marine, …
Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year. The wildfires killed nearly 30 people …
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims Read More »
This post is part of a series sponsored by AgentSync. New interactive Distribution Channel Management Assessment points you toward sustainable growth. In insurance, distribution goes beyond checking a box (or twenty) to stay compliant or cobbling together outdated systems to …
Is Your Distribution Network Built to Scale? Read More »
Marks & Spencer Group Plc said some personal customer data was stolen by hackers as the British retailer continues to investigate and manage a highly-damaging “cyber incident.” The stolen data does not include “useable payment or card details” and there …
Marks & Spencer Says Hackers Have Stolen Some Customer Data Read More »
Commercial property insurer FM announced an enhanced $1 billion membership credit for eligible mutual policyholders, allowing client-owners to receive more credit sooner. Johnston, Rhode Island-based FM said May 5 that with this year’s credit, FM will have returned more than …
FM Clients to Receive Share of $1 Billion in ‘Membership Credits’ Read More »
Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency’s cryptocurrency policies on Monday, saying he plans to establish guidelines for distributions of crypto tokens that are securities and consider whether additional …
SEC Chair Says Agency Plans to Create New Rules for Crypto Tokens Read More »
A Sarasota County sheriff’s deputy used excessive force on a handicapped, 100-pound driver in 2020 and is not entitled to immunity from lawsuits, a federal appeals court ruled in a case that could affect officers’ insurance coverage in similar cases. …
Appeals Court: Florida Deputy Used Excessive Force and is Not Immune from Suit Read More »
The U.S. Department of Labor has filed a lawsuit against the U.S. Postal Service for what it says is the wrongful termination of an employee who fell while delivering mail and reported the work-related injury. An investigation by the department’s …
Labor Department Suing USPS Over Fired Texas Worker Who Reported Injury Read More »
Republicans who control the Wisconsin Legislature voted to kill most of the top spending priorities of Democratic Gov. Tony Evers, including legalizing marijuana, even as both sides negotiate a tax cut. The Legislature’s Republican-controlled budget committee voted late last week …
Wisconsin Republicans Kill Cannabis Legalization And Tax Increases for Millionaires Read More »
A federal judge sentenced a McAllen woman who reportedly helped commit property and title fraud schemes to 24 months in prison and three years of supervised release. Chief U.S. District Judge Randy Crane also ordered Mayela Saby Cantu to pay …
Texas Insurance Fraudster Given Prison Sentence and $350K Fine Read More »
