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News – Insurance Journal
New Mexico Reports 210 More Coronavirus Cases, 9 Deaths
The number of confirmed coronavirus cases in New Mexico increased by 210 and deaths by nine on Saturday, state health officials reported. The deaths included three residents of Bernalillo County, two in Dona Ana County, and one each in Eddy, …
POSTED AUGUST 03, 2020 5:19 PM |
Northern California Woman Pleads Guilty to Workers’ Comp Fraud and ID Theft
Marlene Cavalcanti, 40, has pleaded guilty to two felony counts of insurance fraud and identity theft after falsifying documents to receive an additional $10,590 on her workers’ compensation claim. Cavalcanti, employed as an executive assistant, reportedly fell at work and …
POSTED AUGUST 03, 2020 5:18 PM |
Mitchell|Genex Finalizes Deal for Coventry Workers’ Comp in Illinois
Mitchell|Genex has finalized its acquisition of Coventry Workers’ Comp Services in Downers Grove, Ill., from CVS Health. Terms of the deal were not disclosed. Coventry Workers’ Comp Services is a provider of care and cost management programs for workers’ comp …
POSTED AUGUST 03, 2020 5:12 PM |
Virus-Hit Florida Lashed by Weakened Tropical Storm Isaias
Bands of heavy rain from Isaias lashed Florida’s east coast Sunday while officials dealing with surging cases of the coronavirus kept a close watch on the weakened tropical storm. Isaias was downgraded from a hurricane to a tropical storm Saturday …
POSTED AUGUST 03, 2020 4:59 PM |
CoverWallet Launches Digital Management Liability Package for VC-Backed Startups
CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups instant access to directors & officers insurance (D&O), employment practices liability …
POSTED AUGUST 03, 2020 4:58 PM |
NFP Acquires New York’s Rose & Kiernan
NFP, an insurance broker and consultant that provides property and casualty, corporate benefits, retirement and individual solutions, has acquired Rose & Kiernan Inc. in a transaction that closed effective August 1, 2020. Rose & Kiernan, based in Albany, N.Y., is …
POSTED AUGUST 03, 2020 4:33 PM |
Former A&A Leader, Insurance Historian Bogardus Passes Away at Age 92
John (Jack) A. Bogardus Jr., age 92, former chairman, president and CEO of Alexander & Alexander insurance brokerage, passed away from complications of Alzheimer’s in Scottsdale, Arizona on June 28, according to his family. Bogardus spent his childhood in Scarsdale, …
POSTED AUGUST 03, 2020 2:56 PM |
Guy Carpenter Names Mayer, Mowery, Crichton to Executive Committee
Reinsurance broker Guy Carpenter & Co., a business of Marsh & McLennan Cos., has appointed three new members to its Executive Committee. The new members are: Neil Mayer has been appointed chief operating officer for Guy Carpenter. In this role, …
POSTED AUGUST 03, 2020 2:30 PM |
Amerisafe in Louisiana Reports Higher Than Expected Earnings
Amerisafe Inc. (AMSF) reported second-quarter net income of $23.9 million. On a per-share basis, the Deridder, Louisiana-based company said it had net income of $1.24. Earnings, adjusted for non-recurring gains, came to $1 per share. The results surpassed Wall Street …
POSTED AUGUST 03, 2020 2:25 PM |
Family of Teen Who Died at Washington University Fraternity Files Lawsuit
In his first semester at Washington State University, Sam Martinez witnessed or took part in several activities that his family says was a pattern of hazing at Alpha Tau Omega (ATO), the fraternity he hoped to join. Pledges were quizzed …
POSTED AUGUST 03, 2020 2:20 PM |
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