A St. Louis, Missouri man who allegedly defrauded insurance companies by staging vehicle accidents and injuries was sentenced to 18 months in prison and ordered him to pay $107,951 in restitution, the U.S. Attorney’s Office, Eastern District of Missouri announced. …
St. Louis Man Sentenced to 18 Months in Prison for Staging Vehicle Accidents Read More »
Inszone Insurance Services announce its second acquisition in the state of Kansas with the addition of Munson Insurance Agency, located in Arkansas City, Kansas. This milestone further strengthens Inszone’s presence in the Midwest and demonstrates its commitment to serving Kansas …
Inszone Acquires Kansas’ Munson Insurance Agency Read More »
Alliant Insurance Services has named Tony Mateja as Senior Vice President within its Employees Benefits Group. Based in Chicago, Mateja will leverage his financial background and strategic insight to help clients design and execute long-term, data-driven benefits strategies that align …
People Moves: Alliant Names Mateja to Midwest Benefits Team Read More »
China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector. The Ministry of Industry and Information Technology on Monday …
China to Tighten EV Battery Rules to Reduce Fire and Explosion Risks Read More »
The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss …
Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires Read More »
First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield Village, Ohio-based insurer’s …
Progressive Q1 Net Income Up 10% Read More »
A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains under way. The Yi …
Sweden Probe Finds No Conclusive Evidence of Deliberate Damage to Subsea Cables Read More »
Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry. The class action, filed at …
Google Faces £5 Billion Lawsuit in UK for Abusing Dominance in Online Search Read More »
Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject to regulatory approval. Financial details of the transaction were not disclosed. Founded in 1974, MECO is a leading, independent specialist …
Markel to Acquire UK Specialist Marine MGA, The MECO Group Ltd. Read More »
Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team. She will report to Stan Bernard, head of industry practices for U.S. middle market at Zurich, a leading provider of …
