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Ninety One Joins Rush of Asset Managers Chasing Insurer Deals
South African asset manager Ninety One Ltd. has agreed to sell a stake to Sanlam Ltd., joining a raft of investment firms that have been tapping the deep pockets of insurers through such deals. Sanlam, the country’s biggest insurer by …
POSTED NOVEMBER 21, 2024 4:50 PM |
People Moves: Omaha National Appoints Klucarich as Chief Actuary
Omaha National Group, Inc. announced the appointment of Joan Klucarich as its Chief Actuary. Ms. Klucarich is joining Omaha National after working as Actuarial Manager with Risk & Regulatory Consulting, a national professional services firm. Ms. Klucarich’s experience also includes …
POSTED NOVEMBER 21, 2024 4:34 PM |
Risk Strategies Acquires Ohio’s Cornerstone
Risk Strategies announced it has acquired the assets of Ohio-based employee benefits specialty organization Cornerstone Broker Insurance Services Agency, Inc., an Ohio-based national provider of employee benefits solutions. The sale also included the assets of ARC Benefit Solutions, which provides …
POSTED NOVEMBER 21, 2024 4:30 PM |
CSB: 27,000 Pounds of Toxic Gas Released in Texas Hydrogen Sulfide Release
The U.S. Chemical Safety Board released an investigation update into a fatal hydrogen sulfide release at PEMEX Deer Park Refinery in Texas. The incident occurred on October 10, 2024, and killed two workers and injured 13 others. CSB’s investigation found …
POSTED NOVEMBER 21, 2024 4:25 PM |
New Orleans to Pay $20M to School District to Settle Long-Running Suit
The New Orleans City Council and Orleans Parish School Board announced Monday that they have found a partial solution to the NOLA Public Schools district’s estimated $36 million budget gap. The school board will agree to dismiss a 5-year-old lawsuit …
POSTED NOVEMBER 21, 2024 4:18 PM |
Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025
The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …
POSTED NOVEMBER 21, 2024 3:26 PM |
NSA Director Wants Industry to Disclose Details of Telecom Hacks
The director of the National Security Agency on Wednesday urged the private sector to take swift, collective action to share key details about breaches they have suffered at the hands of Chinese hackers who have infiltrated US telecommunications. General Timothy …
POSTED NOVEMBER 21, 2024 3:22 PM |
Miami Insurance Agent Pleads Guilty to Keeping $6M in Premium Finance Loans
A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known as Leo, is set for sentencing in February, …
POSTED NOVEMBER 21, 2024 3:02 PM |
Two Hospitalized After Small Plane Hits Another at Pennsylvania Airport
Two people were taken to hospitals after a small plane struck an unoccupied plane at an eastern Pennsylvania airport, authorities said. Police in Bucks County’s Buckingham Township said first responders were sent to Doylestown Airport shortly before 12:30 p.m. Monday …
POSTED NOVEMBER 21, 2024 2:31 PM |
Allstate October Catastrophe Losses of $286M Include Milton, Helene
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve reestimates from Hurricane Helene primarily from …
POSTED NOVEMBER 21, 2024 2:28 PM |
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