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People Moves: Rhodes Named Berkley Mid-Atlantic President; Korzon Succeeds Ryan at Lockton Northeast; Acrisure Appoints Farber for Mid-Atlantic

R. Berkley Names Rhodes President of Berkley Mid-Atlantic Insurance Group R. Berkley Corp., headquartered in Greenwich, Connecticut, appointed Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group, a Berkley company. Rhodes has nearly 20 years of experience in …

People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires

Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice President Iraj Dehnavi, Senior Vice President Maureen Domenicone, Vice President Patrick Enderlin, Senior Vice President Patrick Grassl, Senior Vice President …

Keurig Agrees $1.5M SEC Fine Over Pod Recyclability Statements

Keurig Dr Pepper Inc. agreed to pay a $1.5 million fine to settle U.S. Securities and Exchange Commission charges that the beverage company made inaccurate statements regarding the recyclability of its K-Cup pods, the regulator said on Tuesday. Keurig in …

SEC Hits 7 Companies With Penalties for Violating Whistleblower Protections

Seven public companies agreed to pay a combined $3 million to settle U.S. Securities and Exchange Commission charges they violated whistleblower protections, the regulator said on Monday. TransUnion agreed to pay $312,000 and Acadia Healthcare Company will pay $1.39 million …

Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline. …

AM Best Places Credit Ratings of Oregon Mutual Group Members Under Review

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Oregon Mutual Insurance Co. and Western Protectors Insurance Co., which are domiciled in McMinnville, …

Francine Strengthens to Hurricane as It Barrels to Louisiana

Francine strengthened into a hurricane and is expected to make landfall in Louisiana Wednesday after causing some offshore oil platforms to be shuttered, but it will likely miss major natural gas export plants. On its current track, Francine could graze …

SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders

The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders. The funds will start being dispersed starting in October, with 51,288 policyholders receiving the dividend, which as determined based on …

Iowa Manufacturer to Pay $51K Fine For Alleged Hazardous Waste Violations

Hawkins Inc., a chemical manufacturer based in Camanche, Iowa, will pay $51,158 in civil penalties and purchase equipment for local emergency responders to resolve alleged violations of the federal Resource Conservation and Recovery Act (RCRA). The company manufactures, distributes, and …

People Moves: Grange Insurance Names Lebens as CFO

Grange Insurance Company announced that Cheryl McRae Lebens has been named the company’s Chief Financial Officer, effective January 1, 2025, following Terri Brown’s planned retirement at the end of the year. Brown’s career in the property and casualty Insurance industry …

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