Monthly Archives: <span>March 2024</span>

People Moves: AXA XL Promotes Cole to Global Chief Underwriting Officer for Marine; DUAL’s Specialist Motor MGA KGM Names Astin as Managing Director

This edition of International People Moves details appointments at AXA XL and DUAL’s specialist motor MGA KGM. A summary of these new hires follows here. AXA XL Promotes Cole to Global Chief Underwriting Officer for Marine AXA XL has promoted …

Two Iowa Men Sentenced in Workers’ Comp Fraud Scheme

Two Iowa men were sentenced this month in connection with workers’ compensation fraud. Trey Wysocki, age 40, of New Virginia was sentenced on March 11, 2024, after pleading guilty to one count of Insurance Fraud – Presenting False Information (Class …

Disney Ends Fight With Governor DeSantis by Settling Florida Lawsuit

A board appointed by Ron DeSantis to oversee the municipal authority that governs Walt Disney Co. in Florida has voted to settle a state lawsuit against the company. The board of the Central Florida Tourism Oversight District unanimously approved a …

Canada’s Desjardins Acquires Insurance Company of Prince Edward Island

Canada-based Desjardins, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. announced they have entered into definitive agreements for Desjardins to indirectly acquire all of ICPEI’s issued and outstanding shares. ICPEI Holdings operates The Insurance Company of …

Hospitality Workers Ratify New Contract with 34 Southern California Hotels

Thousands of Southern California hospitality workers overwhelmingly ratified a new contract with 34 hotels after repeated strikes since the summer, their union announced. Workers won higher pay, increased employer contributions to pensions, and fair workload guarantees among other provisions of …

Rite Aid Says It’s Close to Bankruptcy Settlement

Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp., clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. …

2 Crew Members Die During ‘Incident’ on Holland America Cruise Ship

FORT LAUDERDALE, Fla. (AP) — Two crew members on a Holland America cruise ship died during an “incident” in the ship’s engineering space, the cruise line said. The unidentified crew members died Friday while the Florida-based Nieuw Amsterdam was at …

Subaru to Recall More Than 118,000 Vehicles in US: NHTSA

Subaru of America is recalling 118,723 SUVs and sedans in the U.S. over an issue which prevents air bags from deploying in a crash, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. The recall covers certain Outback and …

FBI: Alaska Airlines Passengers Told They Might Be Crime Victims

The FBI has told passengers on the Alaska Airlines Boeing 737 Max that lost a door-plug panel in midflight that they might be victims of a crime. “I’m contacting you because we have identified you as a possible victim of …

Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020

A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of flu season, an audit warned of systemic cybersecurity flaws within the company’s production systems. Among the shortcomings highlighted by the …