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People Moves: Germano Named DUAL Casualty Leader; Shaw Joins Axis to Help Lead Specialty Programs; Victor Appoints Cashman President of ICAT

DUAL North America announced Connie Germano as its chief casualty officer. Germano’s appointment comes as DUAL continues to expand its reach and capabilities in the market. Germano will be responsible for overseeing DUAL’s commercial casualty and financial lines divisions. Having …

Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack

Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court in Miami, did not …

PointeNorth Group Acquires Cooper Agency in Georgia

PointeNorth Insurance Group, one of the largest locally owned agencies in the Southeast, has acquired Cooper Insurance & Associates in McDonough, Georgia, the company announced. Cooper, founded in 1988, offers liability, physical damage, cargo, workers’ compensation and general liability insurance …

One Year Old, US Climate Law is Turbocharging Clean Energy, Raising Issues for Insurers

On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted …

Barring Change, Allstate May Exit California Property Market Completely

The topic of a recent California insurance department workshop was the potential use of catastrophe modeling in ratemaking, but carrier representatives and consumers took the opportunity to air concerns about other problems in the state’s insurance market. The state’s growing …

OSHA Fines Boston’s Dumpling Maker Chinese Spaghetti Factory $190K

When federal workplace safety inspectors returned to a Boston food plant in March 2023, they said they discovered the plant’s operator — Chinese Spaghetti Factory Inc. — still had not installed required safety guards on a dumpling machine’s rotating shafts, …

Brown & Brown to Acquire Wholesale Broker New England Excess Exchange

Florida-based global insurance broker Brown & Brown, Inc. has agreed to acquire Vermont-based wholesale broker New England Excess Exchange (NEEE). The acquisition will be through Bridge Specialty Group, the wholesale insurance division of Brown & Brown with more than 25 …

Connecticut Seeks Agriculture Disaster Declaration Due To Severe Flooding of Farms

Governor Ned Lamont has submitted a request to the U.S. Department of Agriculture for a federal agriculture disaster declaration for all eight counties in Connecticut due to the significant damage that occurred to farms and crops statewide from flooding, particularly …

Pastor to Go to Jail, Repay Church and Insurer for Stealing $130K to Cover Gambling

A New Hampshire executive pastor has been sentenced to 18 months in prison for stealing about $130,000 from his church to pay off gambling debts and make purchases. Gregory Neal, of Barrington, 45, was sentenced in federal court Wednesday and …

Deck Collapse at Montana Country Club Leaves 30-Plus Injured During Popular Golf Tournament

More than 30 people were injured when a deck collapsed at a Montana country club during a weekend golf tournament, police and city officials said. The second-story patio floor of Billings` Briarwood Country Club broke and gave way Saturday evening. …

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