Overhaul, an Austin, Texas-based supply chain visibility and risk management technology provider, has added former senior vice president of Great American Insurance Group, Lloyd J. “Pat” Stoik as chief risk officer. In his new role as chief risk officer, Stoik …
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Rainer Rieger as head of Casualty Germany. Rieger, who has worked with the company since 2015, is replacing Detlef Offenhau who recently retired from the role. “Rainer’s experience …
Arch Capital Group Ltd. has estimated a range of pre-tax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property casualty insurance and reinsurance segments. Included in these estimates is a range of …
Catastrophe modeling firm AIR Worldwide announced that, as part of its Touchstone 2020 software release, clients now can access a premium international address-level geocoding feature to enhance the quality of their exposure data. The geocoding is provided by Precisely, a …
A vacation rental association and four homeowners have filed a federal lawsuit against the county of Maui claiming their rights have been violated by restrictions placed on short-term vacation rentals on the Hawaiian island of Molokai. In a statement released …
A Los Angeles company that runs 27 nursing homes has agreed to pay $16.7 million to settle allegations of Medicare fraud, the U.S. attorney’s office announced. Longwood Management Corp. didn’t acknowledge any wrongdoing but it did agree to undergo an …
There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019, according to a report from OPTIS Partners. It was the lowest six-month period total since 2017. “Some of the active …
When Mark McCurdy informed Maryland Auto Insurance’s Board of Trustees in July 2019 of his intention to retire this year, he never imagined that the few months ahead of his retirement would involve leading the organization through a global pandemic. …
Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay, Amazon.com and Alibaba, a Reuters review of the …
Insurer Chubb announced the appointment of John Fielding as senior vice president, general counsel, Global Government and Industry Affairs. In this role, Fielding will provide legal, regulatory and policy guidance and advice to Chubb’s state, federal and international government affairs …
