Tyson Foods agreed to pay $85 million to settle a lawsuit by consumers who accused the largest U.S. meat company of conspiring with rivals to inflate pork prices by limiting supply in the $20 billion U.S. market. The preliminary class …
Tyson Foods to Pay $85 Million in Largest Pork Price-Fixing Settlement Read More »
The MEMIC Group, headquartered in Portland, Maine, hired Eric Stager to serve as a safety management consultant on its loss control team. He will work with policyholders throughout the Northeast. Stager served as chief master sergeant and senior enlisted leader …
People Moves: Air Force, OSHA Veteran Stager Joins MEMIC Loss Control Team Read More »
This is part 2 of a guest post series from our friend, Christopher Boggs, Chief Consultant at Boggs Risk & Insurance Consulting. In his prior post, he analyzed how an ISO homeowners policy could potentially respond in the event of …
Death and Insurance (Not Taxes), Part 2 Read More »
Allstate Corp. did some shuffling of it’s senior leadership team Oct. 1. Effective immediate, Mario Rizzo is chief operating officer. He will be responsible for the Northbrook, Illinois-based insurer’s Property-Liability and Protection Services businesses. Rizzo, who has been with Allstate …
Allstate Promotes Rizzo to COO, Merten to President of Property-Liability Read More »
Novacore, the specialty insurance managing general agent (MGA) formerly the U.S. commercial division of NSM Insurance Group, has agreed to acquire Minglewood Risk, an MGA specializing in habitational and real estate coverages. Founded in Langhorne, Pennsylvania, with core markets in …
Novacore to Acquire Real Estate Insurance MGA Minglewood Risk Read More »
Willis, a business of WTW, announced the launch of a parametric policy that is activated automatically when a red weather warning is issued by the UK Met Office or Met Éireann, the Irish National Meteorological Service. This has been designed …
Markets/Coverages: WTW Offers Parametric Insurance With Weather-Warning Trigger Read More »
The first named storm of the season is forecast to hit the UK and Ireland with heavy rain and gale-force winds on Friday and Saturday, disrupting transport in northern regions. Amber and yellow alerts have been issued for a large …
Storm Threatens to Disrupt Transport Systems Across Northern UK Read More »
When it comes to modernization, it sometimes feels like the insurance industry is running to stand still. In recent years, carriers have invested significantly in intelligent automation, standardizing workflows and guiding processes like claims triage. They have also spent substantial …
Viewpoint: Gen AI Offers a New Frontier in Claims Modernization Read More »
Howden US announced the appointment of Carol Murphy as head of US Casualty. Murphy will join CEO Mike Parrish’s leadership team and partner with Howden’s global specialty leaders to build a US casualty offering that is client-centric, technically rigorous and …
Uber is not liable for the sexual assault of a woman who said she was attacked by her driver on a ride she ordered from the ridesharing app, a California jury said on Tuesday, according to an attorney for the …
Uber Found Not Liable in First Trial Over Driver Sexual Assault Claims Read More »
