Monthly Archives: <span>August 2021</span>

Insurance Fraud Referrals Up by 11% in Minnesota in 2020

The number of insurance fraud investigations in Minnesota in 2020 rose by 11% compared with 2019, according to the state’s primary law enforcement agency focused on white collar crime. The Minnesota Commerce Fraud Bureau, a division of the Minnesota Department …

Hub International Acquires Assets of Kansas Agency, Dissinger Reed

Global insurance broker and financial services firm, Hub International Limited (Hub), acquired the assets of Dissinger Reed LLC (Dissinger Reed), located in Overland Park, Kansas. Terms of the transaction were not disclosed. Dissinger Reed is a special risk agency that …

New York Insurance, Finance Regulator Lacewell to Resign

New York’s top financial regulator, Linda Lacewell, is planning to step down as the state grapples with fallout from Governor Andrew Cuomo’s resignation. Lacewell, the state’s superintendent of financial services, will resign effective Aug. 24, she said in a memo …

Ryan Specialty Group Reports It Suffered Cyber Breach in April

Newly public brokerage firm Ryan Specialty Group reported today on a data security incident that happened in April. The firm said that on or about April 17, 2021, it became aware of “unusual activity” related to certain employee email accounts …

People Moves: Carpenter Names Willis Re’s Harden President of APAC; HUB Appoints Stait to Lead Canada Cannabis Specialty; Riega Is Fidelis’ Head of Sustainability

This edition of International People Moves details appointments at Guy Carpenter, HUB International and Fidelis Insurance. A summary of these new hires follows here. Guy Carpenter Names Willis Re’s Harden as President of Asia Pacific Guy Carpenter & Co., the …

Russia TV Channel Abandons Talks with Google to Get YouTube Account Unblocked

MOSCOW – Tsargrad TV, a news channel owned by a sanctioned Russian businessman, said it had abandoned talks with Google to have its YouTube account unblocked and on Monday accused the U.S. group of dragging its feet in negotiations. Google …

Oneglobal Launches Netherlands Office, Naming van der Wyck as CEO

London-based Oneglobal Broking announced the launch of a Netherlands office with Alex van der Wyck named CEO of Oneglobal Netherlands. Oneglobal’s start-up in the Netherlands, continues the strategic build-out of its international operations, having opened offices in Bermuda, Hong Kong …

Safety Agency Has Begun Probe Into Tesla Autopilot

U.S. auto safety regulators said Monday they had opened a formal safety probe into Tesla Inc.’s driver assistance system Autopilot after a series of crashes involving emergency vehicles. The National Highway Traffic Safety Administration (NHTSA) said that since January 2018, …

Willis Towers Watson Promotes Hess to President and Future CEO

Insurance broker Willis Towers Watson announced that its board of directors has unanimously selected Carl Hess as the company’s new president and next chief executive officer. Hess, who currently serves as Willis Towers Watson’s head of Investment, Risk and Reinsurance …

Healthcare Costs, Premiums Likely to Rise for Years Due to COVID-19

Health implications related to COVID-19 will continue to drive elevated health system utilization long after the acute phase of the pandemic has concluded, likely leading to increasing costs and higher insurance premiums for decades, according to a report by Fitch …