Business Insurance

24/05/2025

Oklahoma sends comp bill to governor

Oklahoma lawmakers sent the governor a bill that would increase the state’s cap on permanent partial disability benefits by a little more than 4% and allow general contractors to provide comp coverage…

24/05/2025

Gallagher names US head of aerospace claims

Arthur J. Gallagher & Co. said Friday that it hired Sherry J. Ortiz, formerly with United States Aviation Insurance Group, as head of U.S. aerospace claims in its global aerospace practice.

24/05/2025

Ryan Specialty names president of MGU

Ryan Specialty LLC on Friday named Brad Storey president of Irwin Siegel Agency, a social service industry-focused managing general underwriter that is part of Ryan Specialty Underwriting Managers…

23/05/2025

Ex-McKinsey partner who advised opioid maker Purdue Pharma sentenced to prison

A former McKinsey & Co. partner was sentenced Thursday to six months in prison for obstructing justice by destroying records related to advice the consulting firm gave Purdue Pharma on how to…

23/05/2025

AIG settles suit against E&S insurer set up by former execs

American International Group Inc. has settled its unfair-competition and breach-of-employment-contract lawsuit against an excess and surplus lines insurer established by three former AIG executives.

23/05/2025

On-demand video recording is now available!

How CFOs Win with a Comprehensive Accounting Automation System

Business Insurance and Ascend hosted an insightful webinar on Wednesday, May 21. Andrew Wynn, Co-Founder and CEO of Ascend, delivered invaluable insights on the transformative power of a comprehensive accounting automation system. He emphasized how it can significantly enhance financial visibility for CFOs while fostering an interactive dialogue and a dynamic Q&A session that kept participants engaged and informed.

If you missed the chance to attend the live session or wish to revisit the valuable insights shared, the recording of the on-demand webinar is now available at: https://bit.ly/4kxOed2

23/05/2025

Donna Glenn, chief actuary of the National Council on Compensation Insurance, discusses the state of the workers compensation industry.

Watch now: https://bit.ly/3TCUiWH

Brought to you by Philadelphia Insurance Companies (PHLY)

23/05/2025

Acrisure unit sues former principal who joined rival brokerage

An Acrisure unit alleges that a former principal breached his noncompete and nonsolicitation agreements in joining rival Alliant Insurance Services Inc. and recruiting a colleague.

23/05/2025

DOL reaches $180K settlement with New Jersey commercial baker

A New Jersey commercial baker has settled with the U.S. Department of Labor for $180,000 following an Occupational Safety and Health Administration investigation into a workplace incident that…

23/05/2025

Protecdiv names public sector practice leader

Protecdiv Inc., a minority-owned brokerage based in Philadelphia, said Thursday it hired Tamika Puckett, former public sector division leader at Willis Towers Watson PLC, as executive vice president…

23/05/2025

SMBC proceeds from Russian jet insurance settlements hit $1.4 billion

Ireland-headquartered aircraft lessor SMBC Aviation Capital said Thursday it has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in…

22/05/2025

Choice Financial names Hilb chairman, appoints 2 new execs

Choice Financial Group on Thursday announced leadership moves that included naming CEO Bob Hilb chairman.