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News – Insurance Journal
Minnesota Trucking Company to Pay $500,000 Settlement over Sex Discrimination Lawsuit
Stan Koch and Sons Trucking, based in Minneapolis, will pay $500,000 and furnish other relief to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission. According to the EEOC’s lawsuit, Koch’s use of the CRT Test, …
POSTED DECEMBER 09, 2021 8:00 AM |
AbbVie Pays $200M to Settle Opioid Marketing Case Right Before Trial Ends
AbbVie Inc. agreed to pay $200 million to settle claims by New York that its Allergan unit helped fuel an epidemic of opioid addiction in the state, shortly before jurors heard closing arguments from remaining defendant Teva Pharmaceutical Industries Ltd. …
POSTED DECEMBER 09, 2021 6:00 AM |
People Moves: Pathpoint Names Chi Head of Product; Lockton Adds Cahoon in Washington
Pathpoint Inc. named Melissa Chi head of product. Chi comes to Pathpoint from Stord where she was the director of product. Chi’s technology and startup background also includes experience as product manager at SigFig and product manager & capital markets …
POSTED DECEMBER 09, 2021 6:00 AM |
Leavitt Group Northwest Acquires Employee Benefits Division of SCS in Washington
Leavitt Group Northwest acquired the employee benefits division of the SCS Insurance in Bellevue, Washington. The acquisition brings a staff of six, with Chris Allen at the helm. Allen was and will remain director of the EB business that comes …
POSTED DECEMBER 08, 2021 8:47 PM |
Texas Surplus Lines Premiums Hits $685.5 Million in November
Texas surplus lines premiums amounted to $685.5 million in November, according to the Surplus Lines Stamping Office of Texas. Surplus lines premiums total $8.27 billion year-to-date, a 14.8% increase in year-to-date premiums compared to the same period in 2020. This …
POSTED DECEMBER 08, 2021 5:20 PM |
Allianz to Raise Dividends by 5% Each Year From 2021
German financial services company Allianz said on Friday it would increase dividends by 5% each year from 2021 as it raised mid-term guidance, citing progress of its business simplification strategy. The company said it would give shareholders half of its …
POSTED DECEMBER 08, 2021 5:20 PM |
Michigan Drivers to Receive $400 Refund Per Vehicle
All Michigan drivers with auto insurance will receive a $400 per-vehicle refund next year. Gov. Gretchen Whitmer and state regulators announced the dollar amount Tuesday, more than a month after she had requested the checks by citing a multibillion-dollar surplus …
POSTED DECEMBER 08, 2021 5:14 PM |
Hub Acquires Louisiana’s Gregory Benefits & Consulting
Hub International Limited, a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Gregory Benefits & Consulting LLC. Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Gregory Benefits & Consulting provides …
POSTED DECEMBER 08, 2021 5:08 PM |
WTW Hires AIG’s Dasan for Construction, Natural Resources; Bogardus Named Chubb’s President for Singapore; AXA XL’s Muzeya Joins Mosaic as Financial Institutions U/W
This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance. A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural Resources Australasia Insurance broker Willis Towers Watson has appointed …
POSTED DECEMBER 08, 2021 4:50 PM |
Whistleblower Claim Prompts SEC Probe of Tesla Over Solar Panel Fire Risks
The U.S. securities regulator has opened an investigation into Tesla Inc. over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according …
POSTED DECEMBER 08, 2021 3:53 PM |
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