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

Hudzik-Presson Named Chief Claims Officer at Wisconsin’s Church Mutual

Becky Hudzik-Presson has been named chief claims officer at Merrill, Wisconsin-based Church Mutual Insurance Co. S.I., reporting to Scott Names, senior vice president – Shared Services and chief information officer. Hudzik-Presson will lead the entire claims organization and all related …

Accusers Oppose $35M Weinstein Insurance Settlement of Sexual Misconduct Claims

Lawyers for Harvey Weinstein’s bankrupt film studio on Wednesday presented a revised proposal to settle sexual misconduct claims against the disgraced former producer, but an attorney for accusers pledged to oppose the plan. The $35.2 million proposal filed on Tuesday …

Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Nemesis Tencent

Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to …

Switzerland Freezes $900M Belonging to Angolan Insurance Executive

Switzerland has frozen $900 million held in accounts belonging to a top Angolan businessman as part of a money-laundering investigation, according to court documents seen by Reuters, one of the largest personal asset freezes in Swiss history. Carlos Manuel de …

Missouri’s COVID-19 Lawsuit Against China Stalled in Federal Court

More than four months after Missouri Attorney General Eric Schmitt sought to hold China and the Chinese Communist Party accountable for the COVID-19 pandemic, the lawsuit remains stalled in federal court. Neither the Chinese government, the Communist Party nor the …

Louisiana’s Stonetrust Commercial Insurance Adds Skaggs, Boniol, Perkins

Stonetrust Commercial Insurance Co., based in Baton Rouge, Louisiana, has hired Jeff Skaggs as senior vice president of Underwriting and Marketing; Dawn Boniol as manager of Compliance, Quality Control and Claims Support; and Richard Perkins as Loss Prevention Outreach coordinator. …

Utility to Pay $1.5M to Settle Pollution Issues at Southwestern Indiana Plant

Indianapolis Power & Light Co. has agreed to pay more than $1.5 million in penalties to resolve pollution issues at its Petersburg Generating Station in southwestern Indiana. IPL will pay a civil penalty of $1.525 million, with $925,000 going to …

North Dakota Dems Endorse New Candidate for Insurance Commissioner Post

North Dakota Democrats have endorsed a new candidate for insurance commissioner after the state Supreme Court ruled the party’s initial nominee was ineligible for the ballot. In a unanimous opinion last week, the high court upheld a lower court ruling …

California Wildfire Bills Expire as Legislature Recesses, But One Bill Expected to Return

Several major wildfire bills were left on the table when the California Legislature ended its session earlier this week, but one bill is expected to make a comeback in some form. Assembly Bill 2167, authored by Assemblyman Tom Daly, D-Anaheim, …

Cannabis Broker Spotlight: AlphaRoot’s Bock Approaches Space with Teacher Mindset

Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …