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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 |
People Moves: AGCS Promotes Todorovic for Political Violence Unit; Aon Hires Knight From Navigators & General for Global Yacht Practice
AGCS Promotes Todorovic for Political Violence Unit Allianz Global Corporate & Specialty (AGCS) has promoted Srdjan Todorovic as head of Global Political Violence & Hostile Environment Solutions, based in London. This unit is part of AGCS’s Property line of business …
POSTED MAY 13, 2022 3:48 PM |
Alabama DOI to Hold Hearing on VR Acquisition of National Security Group
The Alabama Department of Insurance will hold a hearing in June on VR Insurance Holdings’ proposed purchase of the National Security Group. VR Insurance Holdings is a recently formed Delaware-based company formed by a group of investors, including Vivek Ranadive, …
POSTED MAY 13, 2022 3:28 PM |
Georgia Ethics Agency Settles Case Against Former Insurance Commissioner
A long-running investigation into a former Georgia insurance commissioner has finally come to an end. The Atlanta Journal-Constitution reported that former Commissioner John Oxendine agreed to turn over about $128,000 in campaign contributions from his 2009 bid for governor, and …
POSTED MAY 13, 2022 2:54 PM |
Producers Defend Safety in New Mexico Film Shooting
A film production company is contesting sanctions by New Mexico officials for alleged workplace safety violations on the set of “Rust,” where actor and producer Alec Baldwin fatally shot a cinematographer in October, according to filings posted Wednesday by state …
POSTED MAY 13, 2022 2:21 PM |
Tentative $32M Settlement in Abuse Death of California Boy
A tentative $32 million settlement has been reached with Los Angeles County in a lawsuit over its child welfare agency’s supervision of a boy who allegedly was abused to death by his mother and her boyfriend, attorneys announced. The settlement …
POSTED MAY 13, 2022 2:18 PM |
People Moves: WTW Reshapes M&A Practice; Starr Names Relationship Leader; Cover Genius Adds 2
WTW Vows to Grow M&A Practice, Appoints Broking Regional Leader Insurance broker WTW (Willis Towers Watson) announced that Mark Rusas will focus exclusively on leading the Mergers & Acquisitions (M&A) practice within Corporate Risk & Broking (CRB) for North America. …
POSTED MAY 13, 2022 2:15 PM |
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