Monthly Archives: <span>January 2020</span>

California Sleep Apnea Company Pays $37.5M to Settle Kickback Lawsuits

ResMed, a San Diego, Calif.-based company that sells sleep apnea machines, will pay $37.5 million to settle allegations that it provided kickbacks to obtain customer referrals, federal prosecutors announced this week. The settlement covers five whistleblower lawsuits filed on behalf …

Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack

More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was up and running again. The cyber …

USG Adds Aguilar as a Producer in Arizona

USG Insurance Services Inc. has named Jay Aguilar a producer/broker in commercial lines in the Scottsdale, Ariz. office. Aguilar will work to expand USG’s Southwestern territory. Aguilar has 23 years of insurance industry experience, most recently at Agents Alliance Services. …

MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty

Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos as head of Specialty as it structures its underwriting cells and MGAs into a number of centres of excellence focused …

Three Massachusetts Workers Shocked When Scaffolding Touches Power Line

Three people were injured, one critically, on Tuesday when scaffolding they were working with at a Massachusetts home came in contact with power lines, police said. Beverly police responded to a report that two workers had fallen from the roof …

SterlingRisk Insurance Promotes DelPrete to President of Programs

SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has promoted Geraldine DelPrete to president of Programs. According to SterlingRisk CEO David Sterling in a company press release, DelPrete’s background in reinsurance and underwriting and understanding of programs has directly …

Boeing Employees’ Emails on Pilot Training Could Boost Crash Victim Claims

Internal emails from Boeing Co. employees could strengthen the legal case for families claiming the company’s push to minimize the training needed for new 737 Max aircraft contributed to two crashes that killed 346 people. Employees bragged about fooling the …

Aon’s Quintal Jumps to Marsh’s Financial Institutions Practice

Insurance broker Marsh announced the appointment of Jacqueline Quintal as a managing director in its U.S. Financial Institutions Practice. In this role, Quintal will bring together transactional and risk advisory brokerage, claims, and consulting resources for financial institution clients throughout …

Distinguished Programs Promotes Bah in Massachusetts, McFadden in New York

Distinguished Programs, a national insurance program manager, has promoted Mamadou Bah to regional sales executive and Renée A. McFadden to vice president and regional sales executive in New Jersey and eastern Long Island, including Queens and Brooklyn. With more than …

Massachusetts’ RogersGray Promotes Deems to Partner

RogersGray has promoted Greg Deems to partner within the Massachusetts-headquartered, independent insurance agency. Deems joined RogersGray in 2011 and became a top performer in his sales role, devoting himself to the furthering of his insurance knowledge and was instrumental in …