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Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles Progressive Insurance isn’t just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in late April. “Progressive Insurance Continued Growth Leads to More Than …
POSTED APRIL 30, 2024 5:24 AM |
US to Require New Cars to Have Emergency Braking Systems by 2029 Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save …
POSTED APRIL 30, 2024 5:14 AM |
Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, but local prosecutors still want them to bump up their offer. The proposal, the Brazilian …
POSTED APRIL 30, 2024 5:10 AM |
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust company executives who previously helmed now-insolvent carriers. Some have called the unprecedented regulatory action unfair, misguided and impossible to substantiate, …
POSTED APRIL 30, 2024 5:01 AM |
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures that were meant to …
POSTED APRIL 30, 2024 5:00 AM |
Inszone Acquires Van Oppen & Co. 2 in Wyoming Inszone Insurance Services acquired Van Oppen & Co. 2 in Wyoming. Founded in 2008 by Rick van Oppen, the firm has specialized in serving the needs of the architectural, engineering and environmental sectors. Sacramento, California-based Inszone is an insurance brokerage …
POSTED APRIL 30, 2024 5:00 AM |
‘Fearless Girl’ Lawsuit by State Street Settles on Eve of Trial State Street Corp. and the artist it commissioned to create Wall Street’s sculpture have settled a 2019 lawsuit on the eve of trial. The bank, which commissioned the artwork, was set to square off against the sculptor, Kristen Visbal, in …
POSTED APRIL 30, 2024 5:00 AM |
Hazing Concerns Prompt University of Virginia to Expel 1 Fraternity, Suspend 3 Others Concerns about hazing have prompted the University of Virginia to terminate one local fraternity and suspend three others on its Charlottesville campus, the school said Wednesday. The university said in a statement that the Pi Kappa Alpha chapter had “engaged …
POSTED APRIL 30, 2024 5:00 AM |
Flow Specialty in California Emerges from Rebrand, Adds New Leadership Capitola Insurance in California has completed its rebranding to Flow Specialty and the specialty wholesaler has added new leadership. David Derigiotis has been named president of brokerage and head of insurance. Derigiotis has 20 years of specialty insurance industry experience, …
POSTED APRIL 30, 2024 5:00 AM |
Jersey Shore Town and State Agree on Plan to Replenish Eroded Beaches A long-running sandstorm at the Jersey Shore could soon come to an end as New Jersey will carry out an emergency beach replenishment project at one of the state’s most badly eroded beaches. North Wildwood and the state have been …
POSTED APRIL 30, 2024 5:00 AM |
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