Monthly Archives: <span>October 2023</span>

Smart Choice Named an Inc. Power Partner Award Winner

GREENSBORO, NC, October 25, 2023— Smart Choice® has been named an Inc. Power Partner award winner in the Insurance category and is the only insurance network to be recognized. The award celebrates companies that are devoted to providing entrepreneurs with …

Ant-Backed Rural Lender and Micro-Insurance Firm, Chongho, Eyes $500M HK IPO

Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that offers microcredit and micro-insurance to small businesses, is considering a Hong Kong initial public offering that could raise as much as $500 million, according to people familiar with the …

IICF Celebrates Week of Giving

The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the annual IICF Week of Giving, a celebration of the insurance industry’s year-round dedication to volunteerism, from October 14–21. According to a press …

Auto Claims Satisfaction Scores Are Up Despite Longer Repairs; Amica Tops List

An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of about 23 days in 2023, up an average of a little more than 6 days from 2022 and more than double …

Appeals Court Upholds $12M Verdict in Fatal Keys Crash; Insurer Facing Bad-Faith Claim

A federal appeals court this week upheld a $12 million jury award against a gravel and waste-hauling company in a horrific highway accident that killed four Spanish women who were on vacation in the Florida Keys in 2018. But it’s …

People Moves: CRC Group Names Alaniz in California as Chief Digital Officer, Commercial Solutions

CRC Group named Angela Alaniz as chief digital officer of its commercial solutions division. Alaniz is based in San Francisco, Calif. Alaniz has been with CRC Group since 2010 and most recently served as senior vice president of digital solutions. …

New Jersey Man Admits Role in Interstate Luxury Car Theft Ring

A New Jersey man has admitted his role in a conspiracy to steal and transport across state lines luxury cars stolen from towns in New York, Connecticut, and New Jersey, reported U.S. Attorney Philip Sellinger. Malik Baker of Vauxhall pleaded …

Suit by Teacher Shot by 6-Year-Old Student Asks If Workers’ Compensation Is Enough

A heated debate has emerged about the once-unimaginable shooting of a teacher by her 6-year-old student: How should the school district take care of the teacher? Should she only get workers’ compensation for her serious physical injuries? Or does she …

Colorado Judge Chides Company That Tried to Pay $23,500 Settlement in 3 Tons of Coins

A Colorado judge chided a welding company that tried to pay off a $23,500 settlement with a subcontractor by sending the money in loose coins that weighed 3 tons. Judge Joseph Findley ruled Monday that JMF Enterprises “acted maliciously and …

Derailment Costs Grow for Norfolk Southern but Railroad’s Trains Moving More Smoothly

Norfolk Southern’s costs related to the East Palestine derailment have grown to reach nearly $1 billion, but the railroad`s service is improving and its insurance companies have started to pay their share of the cost of the crash in eastern …