Monthly Archives: <span>September 2019</span>

California Retailer to Pay $1.2M to Settle Sex-Assault Claims

A Northern California store as agreed to pay $1.2 million to settle claims that a supervisor sexually assaulted employees in a walk-in freezer. The California Department of Fair Employment and Housing announced a settlement this week with 99 Cents Only …

Idaho Insurance Agent Fined $46K for Submitting Unauthorized Applications

The Idaho Department of Insurance revoked the insurance producer license of Bryce Joseph Vance for violations of the Idaho Insurance Code and imposed an administrative penalty of $46,000. Vance was charged and admitted to violations of Idaho Code, Title 41, …

Group Says FEMA’s Flood Home Buyouts Take Too Long

For those who want to move out of a flood zone, the wait time for a home buyout can stretch five years or more, according to the Natural Resources Defense Council (NRDC), which analyzed nearly 30 years of data from …

Lloyd’s to Open Miami Office to Expand Its Latin American and Caribbean Business

Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. “Latin America is a key market for Lloyd’s, with premium close to US$1.5 billion,” said Daniel Revilla, regional head, Latin …

JGS Insurance Acquires Maryland’s John Manougian Insurance Agency

Jacobson, Goldfarb & Scott Inc. (JGS Insurance) has acquired the John Manougian Insurance Agency (JMI) located in Silver Spring, Md. Following the acquisition, JMI Founder John Manougian will remain as a consultant, while Chris Manougian and Robin Manougian will serve …

U.S. Consumer Agency Says Financial Complaint Database to Remain Public

The top U.S. consumer watchdog will keep consumer complaints against financial firms public despite pressure from the companies, but the agency said on Wednesday it will make changes to the way those complaints are filed. The decision to retain the …

New Jersey Governor Phil Murphy Signs Executive Order on Gun Safety

New Jersey Governor Phil Murphy has signed Executive Order No. 83, directing the New Jersey Department of Treasury, the Division of Purchase and Property, and the New Jersey Department of Banking and Insurance to promote responsible gun safety practices for …

Delaware Woman Indicted for Insurance Fraud Following Motor Vehicle Accident

A Delaware woman has been indicted by a Sussex County Grand Jury for two counts of insurance fraud and one count of identity theft following an investigation by the Delaware Department of Insurance Fraud Prevention Unit. Janet Lane, 59, formerly …

World Insurance Associates Acquires Rhode Island’s Bucci Insurance Group

World Insurance Associates LLC (WIA) acquired Bucci Insurance Group of West Warwick, R.I., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1981, Bucci Insurance Group serves the New England community with personal, commercial and benefit …

Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine

Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance linked securities (ILS) fund based in Bermuda. Slade comes to Lodgepine from Hamilton Capital Partners, where he had been senior …