News
World Insurance hires former Acrisure executive
5+ hour, 40+ min ago (104+ words) businessinsurance.com World Insurance Associates has hired former Acrisure executive Rob Erfurt as its New Jersey market leader and national industry leader. World Insurance serves small and medium-sized businesses across the U.S. and United Kingdom. Mr. Erfurt will lead growth in…...
Red Sea war insurance costs rise after Houthi blockade, sources say
8+ hour, 2+ min ago (378+ words) (Reuters) – The insurance cost of shipping goods through the Red Sea rose on Monday after Yemen’s Iran-aligned Houthis said they were imposing a naval blockade on Saudi Arabia, escalating risks for merchant shipping, insurance industry sources said. The move by…...
Kentucky appeals court tosses $164M tow truck crash verdict
8+ hour, 41+ min ago (394+ words) businessinsurance.com Kentucky appeals court tosses $164M tow truck crash verdict A Kentucky appeals court threw out a nearly $164 million verdict against GEICO, ruling that the insurer cannot be held vicariously liable for the negligence of a tow truck driver subcontracted…...
Surging cumulative trauma claims driving frequency, costs
10+ hour, 55+ min ago (545+ words) A surge in cumulative trauma claims is pushing up California workers compensation claim frequency and administrative costs while putting pressure on insurers, according to the Workers Compensation Insurance Rating Bureau of California. Examining a barrage of data, cumulative trauma claims…...
Rokstone secures $1M capacity for autotransporter program
8+ hour, 52+ min ago (121+ words) businessinsurance.com Rokstone secures $1M capacity for autotransporter program Specialty managing general agent Rokstone said Monday it secured $1 million in Lloyd’s of London capacity to launch an insurance program for autotransporters. The additional capacity expands the MGA’s line size and allows…...
Aon names Mahoney U.S. co-head, Northeast leader
8+ hour ago (173+ words) businessinsurance.com Aon on Monday appointed Michael Mahoney as Northeast region leader and U.S. co-head, effective Aug. 1, succeeding Christine Williams, who is joining American International Group. Mr. Mahoney will share leadership of Aon’s U.S. operations with Jerry Ferreira, who was appointed…...
Judge won’t block Meta layoffs tied to AI bias suit
3+ day, 7+ hour ago (639+ words) (Reuters) – A federal judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were targeted for job cuts by the company’s AI-powered tools because…...
Dana Cook
3+ day, 8+ hour ago (33+ words) businessinsurance.com IMA Financial Group named Overland Park, Kansas-based Dana Cook global benefits practice leader. Previously, Ms. Cook was co-chair of client services at Lockton. More Comings & Goings...
Court says widow must pursue line-of-duty benefits in trial court
3+ day, 9+ hour ago (254+ words) The widow of a District of Columbia police sergeant must seek trial court review of the denial of enhanced line-of-duty survivor benefits, a divided appeals court ruled Thursday. In Eckenrode v. D.C. Police & Firefighters Retirement & Relief Board, the District of Columbia Court…...
David Gansberg
3+ day, 8+ hour ago (70+ words) businessinsurance.com Former Arch Capital Group President David Gansberg will succeed Greg Hendrick as CEO of Vantage Group Holdings. Mr. Gansberg will assume his new role by June 2027. Marc Grandisson, former CEO of Arch Capital Group, will become executive chairman....