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Judge Extends Ban on Alliant Employees Soliciting Marsh Agency’s Customers
A federal judge in Manhattan has extended an order blocking three Alliant Insurance Services employees from soliciting or contacting any current Marsh & McLennan Agency (MMA) clients or using a spreadsheet of MMA clients that MMA alleges they took when …
POSTED JANUARY 29, 2025 6:40 PM |
Oklahoma Issues Cease-And-Desist Against Unlicensed Auto Warranty Company
The Oklahoma Insurance Department (OID) has issued a Cease-and-Desist Order against Select Auto Inc., doing business as Select Auto Protect, due to the unauthorized sale of auto warranty contracts in Oklahoma. Effective immediately, the company must stop all sales activities …
POSTED JANUARY 29, 2025 5:51 PM |
East Palestine and Norfolk Southern Reach $22M Settlement for Train Derailment
East Palestine and Norfolk Southern have announced a $22 million settlement resolving all of the village’s claims arising from the disastrous 2023 train derailment near the Ohio-Pennsylvania border that prompted a national reckoning on railroad safety. The settlement is to …
POSTED JANUARY 29, 2025 5:35 PM |
Michigan Joins Multistate Enforcement Action Against Block, Inc.
Michigan joined 47 state financial regulatory agencies in a coordinated enforcement action against Block, Inc., for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use. Michigan is set to …
POSTED JANUARY 29, 2025 5:28 PM |
Less Methane Leaked in West Texas, Report Says; Environmentalists Are Skeptical
Less methane escaped into the atmosphere from certain oil and gas equipment and oil wells in 2023, according to a report released earlier this month by an energy analytics firm that industry leaders promoted. Environmental experts said more information was …
POSTED JANUARY 29, 2025 5:23 PM |
People Moves: Patel Named Chair of Canopius Managing Agents, Succeeding Meader; Evolin Broking Taps Downing From Miller to Launch Construction Division
This edition of International People Moves details appointments at the re/insurer Canopius Group and the broker Evolin. A summary of these new hires follows here. Patel Named Chair of Canopius Managing Agents, Succeeding Meader Canopius Group, the global specialty re/insurer, …
POSTED JANUARY 29, 2025 4:47 PM |
US, UK Ships Return to Red Sea After Houthis Vow to Hold Fire
British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize …
POSTED JANUARY 29, 2025 4:11 PM |
Transport Secretary Orders Fuel-Economy Rule Rewrite
Newly appointed Transportation Secretary Sean Duffy ordered a rewrite of more stringent US fuel-economy rules, following through on one of President Donald Trump’s first directives after he retook the White House. The memorandum Duffy signed in the first act after …
POSTED JANUARY 29, 2025 4:02 PM |
Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function
Aventum, the London-based international re/insurance group, is investing $12 million over two years to create an inhouse proprietary tech function across its global operations. The group now has 25% of its global workforce employed in tech and IT functions, including …
POSTED JANUARY 29, 2025 3:16 PM |
MGM Resorts to Pay $45M to Settle Data Breach Lawsuit
MGM Resorts International has agreed to a $45 million to resolve a class action lawsuit over its data breaches in 2019 and 2023. Preliminary approval of the settlement was granted by a federal judge, according to documents filed Jan. 22 …
POSTED JANUARY 29, 2025 3:14 PM |
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