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

Penn. Company Fined More Than $280K for Exposing Employees to Safety Hazards

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Cleveland Brothers Inc. – doing business as CB HYMAC – for exposing workers to hexavalent chromium fumes and other safety hazards at the company’s shop in Camp …

Harsh Sentence Sought for Rhode Island Woman Who Took $5M from Loved Ones

A Rhode Island woman who cheated relatives, her closest friends and her husband’s firefighting colleagues out of nearly $5 million to fund a lavish lifestyle should face the harshest sentence possible, federal prosecutors said in a sentencing memorandum Thursday. Monique …

Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh

Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth quarter rise in prices was the largest year-over-year increase in the Marsh Global …

Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit

N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union. The Berlin-based digital bank will close UK accounts on April 15, N26 …

Fidelis Insurance Raises $300M of Equity Capital to Support Growth

Fidelis Insurance Holdings Ltd. announced it has raised approximately $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), in order to support further growth. Fidelis, …

UK MGA Node International Names Lefchik as Director, Cyber Risk for North America

H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the expansion of Node International’s North American presence with the addition of Matthew Lefchik, who joins Node as director, Cyber Risk Management Services. In the new …

$100M Suit Filed Against 22 Florida Hotels for Allegedly Allowing Sex Trafficking

Two Florida women who were victims of sex trafficking have sued almost two dozen hotels where they were forced to have sex, claiming the businesses did nothing to stop the illegal activity. At the hotels around the affluent Naples area, …

Heavy Downpours Cause Flooding Across Alabama, Mississippi

Storms stretching across the Deep South dumped heavy rains on Mississippi and Alabama on Monday, causing flash floods that covered roads and forced some schools to close. Dozens of roads were under water in low-lying areas across the Tennessee Valley …

EPIC Names Carson Senior Vice President in Employee Benefits in California

EPIC Insurance Brokers and Consultants has named Wesley Carson a senior vice president in employee benefits in its Sacramento, Calif., office. Carson will be responsible for employee benefits consulting and the design, placement, and management of custom programs. He will …

Alliant Names Chow Vice President in Northern California

Alliant Insurance Services Inc. has named Marianne Chow vice president in the San Jose, Calif., office. Chow will service regional clients. Chow was previously a senior vice president with NFP. She was a vice president at Thoits Insurance before that. …