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Risk Strategies Acquires Felsen Insurance of New Jersey
North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …... Read more
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New England Grocers Stop & Shop, Hannaford Coping With Cyber Attack
The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some locations. Ahold Delhaize USA confirmed the attack in …... Read more
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Oklahoma Insurance Department Provides Post-Storm Tips
The Oklahoma Insurance Department is offering assistance to residents affected by the severe storms that hit the state in early November. Tornadoes and severe storms struck Oklahoma Nov. 2-4, injuring at least 11 people and causing damage to homes and …... Read more
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People Moves: Christensen Group Adds Ritchey, Peterson in San Antonio Office
Christensen Group Insurance announced its strategic expansion into San Antonio with a pair of hires, adding to its presence in Austin and the broader Texas region. Christensen Group have added professionals Ryan Ritchey and Andrew Peterson to its Benefits team. …... Read more
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Illinois Contractor Faces $287K Fine for Safety Violations
Federal inspectors have cited 595 Construction LLC – a Crystal Lake, Illinois contractor with a history of exposing employees to fall hazards – for eight safety violations after finding employees framing a residential structure without required protections three times at …... Read more
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Minnesota County to Pay $3.4M to Settle Suit Over Detainee’s Death
MINNEAPOLIS (AP) — Minnesota’s most populous county will pay $3.4 million to settle a lawsuit that alleged jail workers ignored the pleas of a 41-year-old man who died of a perforated bowel after spending days begging to be taken to …... Read more
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Iowa Couple Pleads Guilty to Insurance Fraud
An Iowa couple pleaded guilty to insurance fraud, forgery and theft, the Iowa Insurance Division announced. Des Moines – Lance Seastrand, age 52, and his wife, Staci Seastrand, age 56, of Davenport, were sentenced on October 31, 2024, after pleading …... Read more
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People Moves: Price Forbes Taps BMS’s Morgan for Global Construction Team; MGA Altea Insurance Names Dixon as Senior Underwriter
This edition of International People Moves details appointments at the broker Price Forbes and the MGA Altea Insurance. A summary of these new hires follows here. Price Forbes Taps BMS’s Morgan for Global Construction Team Price Forbes, the London-based broker, …... Read more
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South Carolina Lab Recaptures 5 More Escaped Monkeys But 13 Still on the Loose
YEMASSEE, S.C. (AP) — Employees at a South Carolina compound that breeds monkeys for medical research have recaptured five more animals that escaped last week from an enclosure that wasn’t fully locked. As of Monday afternoon, 30 of the 43 …... Read more
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Investment Firm Executive Lindberg Admits $2 Billion Fraud
North Carolina investment firm founder Greg Lindberg, already convicted this year on bribery charges, pleaded guilty to a separate $2 billion fraud. Lindberg, who founded Eli Global LLC, admitted in federal court in Charlotte on Tuesday that he bought a …... Read more
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Global CO2 Emissions to Hit Record High in 2024, Report Says
Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate extremes, scientists said on Wednesday. The Global Carbon Budget report, …... Read more
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Markets/Coverages: Aviva’s Lloyd’s Insurer Probitas Launches 5 New Lines of Business
Aviva’s Lloyd’s business Probitas announced it began to quote for five new classes of business – marine (cargo, fine art & specie, and ports & terminals), construction, renewable energy, contingency/event cancellation, and mergers & acquisitions (M&A), effective Nov. 1. This …... Read more
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GM to Recall More Than 461,000 Vehicles Over Transmission Issues: NHTSA
General Motors will recall 461,839 vehicles over an issue with transmission, the National Highway Traffic Safety Administration said on Wednesday. The recall involves some models of 2020-2022 Chevrolet Silverado, GMC Sierra, 2021 Cadillac Escalade, Chevrolet Tahoe and GMC Yukon, among …... Read more
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World Insurance Adds Skylands Insurance Group of New Jersey
National insurance broker World Insurance Associates reports it acquired the business of Skylands Insurance Group of Flanders, New Jersey on August 1, 2024. Terms of the transaction were not disclosed. Skylands was founded in 2017 and provides commercial and personal …... Read more
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Cevian’s Baloise Move Triggers European Insurers to Study Deal
Baloise Holding AG has become one of the most-discussed takeover candidates in the European financial sector, after agitation by an activist investor triggered top industry players to take fresh looks at the Swiss insurer. Zurich Insurance Group AG, AXA SA …... Read more