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District of Columbia Regulator Expands Internships to Gallaudet Students

Gallaudet University and the District of Columbia Department of Insurance, Securities and Banking (DISB) announced that Gallaudet students will have expanded opportunities to gain practical work experience in municipal government and financial services regulation, thanks to DISB’s Financial Services Academy. …

Acrisure Continues Global Expansion With Acquisition of Spain’s Summa Brokerage

Michigan, U.S.-based financial services and insurance brokerage firm Acrisure reports it has acquired a top insurance brokerage in Spain, Summa Insurance Brokerage. Since its founding in 2005, Summa has grown revenues to more than €11.5m ($13m) and expanded its offices …

Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions

British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after the vessels were listed by the U.S. Treasury as part of broader sanctions, West said on Wednesday. These are the …

SafePoint to Assume 24K Louisiana Policies From Americas

SafePoint Insurance Co. will assume approximately 24,000 homeowners policies in Louisiana from Americas Insurance Co., which was placed into receivership in January after suffering heavy losses from a series of hurricanes in 2020 and 2021. Louisiana Insurance Commissioner Jim Donelon …

Louisiana Lawmaker to Hold Flood Insurance Program Townhall

Louisiana Congressman Garret Graves, St. Charles Parish President Matthew Jewell, FEMA representatives, and members from the St. Charles Parish Council will host a townhall meeting on Thursday, March 3, 2022, 6:00 PM to 8:00 PM to discuss FEMA’s new National …

People Moves: Holmes Murphy Names Reimers as Senior Client Advocate; Pinnacle Actuarial Promotes 3

Holmes Murphy Names Jay Reimers as Senior Client Advocate Holmes Murphy has hired Jay Reimers as a senior client advocate in its Minneapolis, Minnesota office. With 10 years’ experience in the insurance industry, Reimers has a track record of client …

Oil Company Sues Over California Underwater Pipeline Leak

A Houston-based oil company on Feb. 28 sued two container ship operators and an organization that helps oversee marine traffic, saying they failed to prevent last fall’s underwater pipeline leak off the Southern California coast. Amplify Energy Corp., which owns …

Cartier Lawsuit Accuses Tiffany of Stealing Luxury Jewelry Trade Secrets

Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December, in a sign competition in the fast-growing jewelry category is heating up. According …

Biden Administration Prepares COVID Roadmap for Outbreaks

Top U.S. health officials on Wednesday laid out a national blueprint to manage COVID-19 going forward, vowing to prepare for any new variant outbreaks without shutting down schools and businesses and calling for additional funding from Congress. “This plan lays …

Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard

Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber Claims Report, Coalition concluded that from 2020 …

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