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Author: Annie George

Peloton to Pay $19M in Fines Over Dangerous Treadmill Defect

Working out on Peloton

Exercise equipment maker Peloton Interactive has agreed to pay roughly $19 million in fines related to its delay in reporting its treadmill defect.

Published January 9, 2023
Categorized as Show on Homepage Tagged defect, fines, Peloton, product defect, treadmill death

Brownyard Group’s FOUNDATION Program Establishes New Carrier Relationship

Brownyard Group

Brownyard Group® is pleased to announce a new partnership with Hudson Insurance Group (Hudson).

Published January 9, 2023
Categorized as Show on Homepage Tagged Brownyard Group, Foundation insurance program, Hudson Insurance Group

Arthur J. Gallagher & Co. Acquires CBS Insurance, LLP

Generali completes acquisition of Conning

Arthur J. Gallagher & Co. has acquired Abilene, Texas-based CBS Insurance, LLP.

Published January 9, 2023
Categorized as Show on Homepage Tagged Arthur J. Gallagher, CBS Insurance, insurance acquisition

CD&R Hires Former Marsh & McLennan CEO Dan Glaser as Operating Partner

Dan Glaser move

Former chief executive Dan Glaser of Marsh & McLennan Cos. is joining private-equity firm Clayton, Dubilier & Rice LLC as an operating partner.

Published January 9, 2023
Categorized as Show on Homepage Tagged Clayton, Dan Glaser, Dubilier & Rice, Marsh & McLlennan, private equity firm

Security Researcher Says Twitter Hacked, 200 Million User Email Addresses Leaked

Twitter employee lawsuit

A security researcher said Wednesday that hackers stole the email addresses of more than 200 million Twitter users and posted them on an online hacking forum.

Published January 6, 2023
Categorized as Show on Homepage Tagged email addresses, email breach, Twitter, twitter hack

USI: Property Lines with Poor Loss History to See Rate Hikes Up to 150%

E&S market growth

According to USI Insurance Services, cat or non-cat property with a poor loss history or risk quality may see rate increases of up to 150% in the first half of 2023.

Published January 6, 2023
Categorized as Show on Homepage Tagged cat property, catastrophic losses, insured losses, property rate insurance, rate hikes, USI

FTC Targets Non-Compete Clauses that Block Workers From Better Jobs

FTC sues Albertson-Kroger merger

The FTC proposed a rule on Thursday that would prohibit companies from requiring workers to sign noncompete provisions.

Published January 6, 2023
Categorized as Show on Homepage Tagged FTC, noncompete provisions

New Law Ends Sexual Harassment NDAs

Sexual harassment

President Biden in December signed into law the Speak Out Act (SOA), which prohibits employers from using nondisclosure agreements (NDA) to block the victims of sexual harassment and assault from making their stories public.

Published January 6, 2023
Categorized as Show on Homepage Tagged sexual harassment, SOA, Speak Out Act

Business Drivers Shift for Small Commercial Distribution Tech Investments: SMA

Small Commercial Insurer technology

Strategy Meets Action (SMA) looks into where small commercial insurers are focusing their technology investments today.

Published January 6, 2023
Categorized as Show on Homepage Tagged SMA, small commercial insurers, technology investments

FCC Proposes Additional Spectrum for Drone Communications

FCC and Drones

The FCC has proposed new rules to make licensed radio spectrum in the 5 GHz band for the rising number of unmanned aircraft systems, or drones, in use.

Published January 5, 2023
Categorized as Show on Homepage Tagged drone regulation, FCC, unmanned aircraft systems

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