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U.S. FAA Finds Boeing 787 Certification Documents Incomplete: Sources
U.S. air-safety regulators have told Boeing Co. the documentation it submitted to win approval to resume 787 deliveries to airlines after a year is incomplete, two people familiar with the matter said. The U.S. Federal Aviation Administration (FAA) identified a …
POSTED MAY 16, 2022 5:12 AM |
FedNat to Cancel 56,000 Policies Under Restructuring Plan; Monarch Finds Investor
Starting today, May 16, Florida insurance agents and 68,000 policyholders will have 45 days to find new homeowners and dwelling coverage, under a financial restructuring plan submitted by FedNat Insurance and its sister companies. But unlike an insolvency, FedNat Insurance …
POSTED MAY 16, 2022 5:01 AM |
Agency Promotes Shulz to Expand Tennessee as Captive Domicile
The Tennessee Department of Commerce & Insurance has named Michael Shulz to be director of business development for the insurance division, promoting the growth of Tennessee-based captive insurance companies. Tennessee already ranks 10th in the world for the number of …
POSTED MAY 16, 2022 5:01 AM |
Delaware Cannabis Fate Uncertain as Bill Goes to Governor
Delaware’s state Senate on Thursday gave final approval to a bill legalizing possession of up to one ounce of marijuana by adults for recreational use. The legislation cleared the Democrat-led Senate on a 13-7 party line vote. Sen. Bruce Ennis …
POSTED MAY 16, 2022 5:00 AM |
Woodruff Sawyer in California Adds Holloway; LP Names Marsh HR Director
Woodruff Sawyer named Andrew Holloway as a vice president, surety. Holloway was previously regional manager at Hartford Bond for 17 years, working in both Southern and Northern California. He will be based in Woodruff Sawyer’s Walnut Creek, California, offices. Woodruff …
POSTED MAY 16, 2022 5:00 AM |
Court Lets Connecticut Police Hiring Lawsuit Proceed
A former Bridgeport assistant police chief’s lawsuit claiming he was defrauded out of the police chief’s job can go forward, a state appeals court has ruled. James Nardozzi’s lawsuit stemmed from the hiring scandal that landed the city’s police chief …
POSTED MAY 16, 2022 5:00 AM |
California Lawmakers Raise Awards for Malpractice Lawsuits
The California Legislature has agreed to increase how much money people can win in medical malpractice lawsuits, resolving one of the thorniest disputes in state politics by raising a cap on damages for the first time in 47 years. California …
POSTED MAY 13, 2022 10:04 PM |
People Moves: IA&B Hires Lobbyist; Concord Specialty Promotes 3; IMUA Elects Officers
IA&B Welcomes John Savant as Government Affairs Director The independent insurance agents’ trade association for Pennsylvania, Maryland and Delaware has a new lobbyist. The Insurance Agents & Brokers (IA&B) has hired John Savant as government affairs director. In his role, …
POSTED MAY 13, 2022 4:35 PM |
India’s LIC Prices IPO at Top of Indicated Range: Source
India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed …
POSTED MAY 13, 2022 4:17 PM |
People: Keystone Names Nalley Tennessee VP
Keystone Insurers Group, which calls itself the fourth largest participant-owned insurance agency network in the country, has named Carolyn Nalley as new Tennessee state vice president. Nalley was previously at The Hartford as a senior small-commercial sales representative, Keystone said …
POSTED MAY 13, 2022 3:57 PM |
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