The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. The 5-4 opinion clears the way for the trucker to seek triple damages under an…
Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that Key’s liabilities exceed its admitted assets. The court found that Key’s consistent underwriting losses, existing…
French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022. SCOR said it firmly denies having had any direct or indirect involvement. In July 2022, EXOR, the holding company…
A major leak began in one of the lines that connected the two vessels. Over the next three hours, the crew detected that more oil was being pumped from the ship than the tanker was receiving. Another hour passed before an oily sheen was spotted on the water. An hour after that, the crew member…
The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said. Dick Lavey (The Hanover) Lavey has 35 years of experience in insurance and technology, including the past 19 years at The Hanover Group. Since 2017, he has been executive vice president for agency…
They include an inaugural COO and a new head of property Source link
Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak Re has been authorized to write both property/casualty and life & health business, which the company said “marks a significant step in [its] journey to support emerging markets across Asia and beyond.” Establishing a branch…
After starting out as a social worker in New York City, Hugh O’Toole became a group insurance underwriter for a multiple-employer trust whose retirement operation he later ran. At that time, in 1993, there were undisclosed fees for the administration and management of 401(k) and 403(b) plans. O’Toole immediately saw the need for transparency and…
Let’s be real: picking the right homeowners insurance can feel overwhelming. You’re not just buying a piece of paper—you’re buying peace of mind. Whether it’s protecting your family home, a summer retreat, or a high-value property, the fear of overpaying or missing out on the right coverage keeps a lot of folks up at night….
Lerone Sidberry, president and COE of Hub Midwest West, emphasized the strategic fit of the acquisition, stating: “With deep expertise across all facets of the insurance industry, Dansig’s experience and skillsets perfectly complement and strengthen Hub’s capabilities in the region. We’re excited to welcome the Dansig team to Hub.” Source link