Los Angeles-based benefits consultant Eric Faust has joined Alliant Insurance Services as Assistant Vice President within its Employee Benefits Group. Faust will leverage his diverse experience and strategic analysis to provide a full range of employee benefits solutions to clients across the West Coast. “Eric’s experience in employee benefits and finance will add additional depth… Continue reading Eric Faust Joins Alliant Insurance Services in Los Angeles
Author: Farkas Laura
Tennessee Sues Walgreens Over Opioid Prescription Onslaught
Tennessee’s attorney general announced Wednesday that he has filed a lawsuit against Walgreens, accusing the drugstore chain of contributing to the state’s opioid crisis by failing to maintain effective controls against prescription pain pill abuse. Attorney General Herbert H. Slatery III filed the lawsuit in Knox County Circuit Court, seeking unspecified civil penalties for violations… Continue reading Tennessee Sues Walgreens Over Opioid Prescription Onslaught
Tom Lizotte Named SAN Group Chief Operating Officer
Satellite Agency Network (SAN) Group, the leading alliance of independent insurance agencies in the Northeast, is pleased to announce that Tom Lizotte has joined the organization as Chief Operating Officer, effective August 1, 2022. Larry Rose, current Chief Operating Officer, will continue as SAN Group President. “Tom brings a proven track record of success and… Continue reading Tom Lizotte Named SAN Group Chief Operating Officer
Allstate Reports 2Q Loss of $1.01 Billion
Allstate Corp. on Wednesday reported a second-quarter loss of $1.01 billion, after reporting a profit in the same period a year earlier. The Northbrook, Illinois-based company said it had a loss of $3.81 per share. Losses, adjusted for non-recurring costs, were 76 cents per share. The results exceeded Wall Street expectations. The average estimate of… Continue reading Allstate Reports 2Q Loss of $1.01 Billion
Steady Rate Increases for Q2 2022: MarketScout
U.S. property and casualty rates are stabilizing at a composite increase of 5.91 percent in the second quarter of 2022, virtually matching the rate increases of the first quarter 2022. Cyber rates continue to increase the most at plus 21.3 percent up from plus 19.7 percent in the first quarter of 2022. Umbrella rates moderated… Continue reading Steady Rate Increases for Q2 2022: MarketScout
Year-Round Wildfire Season Forcing Businesses to Think Ahead
Wildfires are becoming a year-round challenge for businesses across the country, but companies can take proactive steps, from scenario planning to site design, to reduce the risks they face, according to experts. Every state except Delaware experienced wildfires last year, and experts predict an above-average season this year as well, according to Richard Standring, a… Continue reading Year-Round Wildfire Season Forcing Businesses to Think Ahead
New Commercial Insurance Report from CIAB and EY Is Out
The Council of Insurance Agents & Brokers (The Council), in collaboration with global professional services firm, EY, today released The State of Commercial Insurance. This new report shares insights from the primary players in the commercial insurance ecosystem – carriers, brokers and policyholders (employers). The Council and EY conducted a survey of stakeholders to examine… Continue reading New Commercial Insurance Report from CIAB and EY Is Out
Jeremy Joe Joins Alliant Insurance Services’ Los Angeles Team
Jeremy Joe has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group. Based in Los Angeles, Joe will design and implement strategic employee benefits solutions that add value and provide long-term financial strength to a diverse client base. “Over a long and successful career as a benefits consultant, Jeremy has demonstrated… Continue reading Jeremy Joe Joins Alliant Insurance Services’ Los Angeles Team
U.S. Crypto Firm Nomad Hit by $190 Million Theft
The crypto firm Nomad in the United States has been the victim of a $190 million theft, according to blockchain researchers on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the incident” and was looking into it, but provided no… Continue reading U.S. Crypto Firm Nomad Hit by $190 Million Theft
Tokio Marine Kiln Completes Sale of U.S. Construction Business to Intact Insurance Group
Tokio Marine Kiln (TMK) has completed its sale of Tokio Marine Highland’s (TMH) U.S. construction division to Intact Insurance Group USA LLC (Intact) with effect from 1 August 2022. The construction division, ‘Highland’, led by Rick Girden, President, and Kaileigh Bowe, EVP, employs approximately 40 people and is headquartered in Naperville, Illinois, all of whom… Continue reading Tokio Marine Kiln Completes Sale of U.S. Construction Business to Intact Insurance Group