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Louisiana Insurance Commissioner Fines McClenny Moseley $2M

Louisiana Insurance Commissioner James Donelon on Tuesday issued $2 million in fines against McClenny Moseley & Associates and three of its partners, the maximum amount allowed by law. “The illegal insurance scheme perpetrated by McClenny Moseley & Associates is frankly …

People Moves: Hunter Joins Lockton Re in Stamford; Risk Strategies Names Rosenzweig in New York

Hunter Joins Lockton Re in New Stamford Location Jaimie Hunter has joined Lockton Re as a senior broker supporting client development with a focus on casualty business in North America. Hunter will be based in Lockton Re’s new Stamford, Connecticut …

Richmond National to Expand Headquarters in Virginia

Richmond National Group, Inc., a specialty excess and surplus lines insurance company, said it will invest $350,000 to expand its headquarters in Virginia’s Henrico County. The company said it will add 7,200 square feet of office space to its existing …

Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions

Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio launches with an ambition to attain a leading …

DeSantis vs. Disney: New Governing Board Countersues Entertainment Giant

Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s so-called “Don’t Say Gay” bill, Disney World’s governing board – made up of Gov. Ron DeSantis appointees – filed a lawsuit …

ChatGPT-Related Malware Is on the Rise, Meta Says

Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the phenomenon to cryptocurrency scams. Since March, the social media giant has found …

SE University VP Sentenced for Defrauding School in Website Design Project

A former Florida college administrator has been sentenced to one year and three months in federal prison for defrauding the school out of $155,000 during a website redesign project. Brian Carroll, 47, of New Market, Tennessee, was sentenced Monday in …

Securities Broker Robinhood’s Fight Against Fiduciary Rule Before Massachusetts Court

Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an enforcement action securities regulators filed against the online brokerage Robinhood. A subsidiary of Robinhood Markets Inc. and Massachusetts Secretary of …

Just Married, Then Hit by Alleged Drunk Driver: SC Bride Dies After Car Slams Golf Cart

A bride leaving her wedding reception was killed when a woman driving under the influence and well over twice the speed limit slammed into the back of a golf cart on a South Carolina beach road, authorities said. Data retrieved …

German Insurtech wefox Launches Global Affinity Business

wefox, the Berlin-based insurtech, has launched a global affinity business, which increases its existing distribution channel and extends the ability of the company to deliver insurance solutions through partners. This core business vertical is part of the company’s overall tech …

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