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Accenture Acquires Illinois’ Blackcomb Consultants
Accenture has acquired Blackcomb Consultants, an independent Guidewire partner in North America. Terms of the transaction were not disclosed. The acquisition enhances Accenture’s ability to deliver Guidewire solutions to insurers globally to help them become “cloud-first” businesses. Guidewire’s end-to-end technology …
POSTED OCTOBER 04, 2022 4:55 PM |
New Orleans Housing Authority, Private Developers to Settle $250,000 Disability Discrimination Lawsuit
The Department of Justice announced that the Housing Authority of New Orleans (HANO) and seven private developers have agreed to pay $250,000 to settle claims that they violated the Fair Housing Act (FHA) and Americans with Disabilities Act (ADA) by …
POSTED OCTOBER 04, 2022 4:40 PM |
Auto-Owners, Erie, Cincinnati, Hartford, Hanover Tops in Agents’ Satisfaction: J.D. Power
Despite near constant disruption from the twin forces of digital transformation and economic uncertainty, independent insurance agents have never been more satisfied with their carrier partners. According to the J.D. Power 2022 U.S. Independent Agent Satisfaction Study, overall agent satisfaction …
POSTED OCTOBER 04, 2022 3:52 PM |
Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API
Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber division has launched excess capacity and coverage for a new product aimed at protecting technology sector companies from rapidly emerging liability risks. The Hamilton, Bermuda-based specialty insurer …
POSTED OCTOBER 04, 2022 2:53 PM |
Trump Sues CNN for Defamation, Seeks $475M in Punitive Damages
Former U.S. president Donald Trump sued CNN for defamation on Monday, seeking $475 million in punitive damages and claiming the network had carried out a “campaign of libel and slander” against him. Trump claims in his lawsuit, filed in U.S. …
POSTED OCTOBER 04, 2022 2:24 PM |
McDonald’s Defeats Black Franchisees’ $1B Bias Lawsuit, For Now
McDonald’s Corp. has temporarily beat back a lawsuit by 52 Black former franchise owners who claim the fast-food giant set them up for failure by steering them towards crime-ridden, low-income neighborhoods. A federal judge in Chicago dismissed the 2020 lawsuit …
POSTED OCTOBER 04, 2022 2:12 PM |
California Tells Auto Insurers to Disclose Pandemic Profits
California’s insurance commissioner ordered nearly 50 auto insurers to provide detailed information about their claim costs during the pandemic, his latest attempt to compensate consumers he says were overcharged as traffic virtually disappeared when the nation’s largest insurance market imposed …
POSTED OCTOBER 04, 2022 2:11 PM |
Alabama Congressional Aide Indicted on Insurance Fraud Charges
A congressional aide in Alabama has been indicted on insurance fraud charges and was placed on leave from her job. Alabama news outlets reported that Sherry McCormick, an aide to U.S. Rep. Barry Moore, R-Enterprise, turned herself in to the …
POSTED OCTOBER 04, 2022 2:01 PM |
Hilb Group Acquires New York’s Abatelli Agency
The Hilb Group reports that it acquired New York-based Abatelli Insurance Agency on Sept. 1, further expanding its presence in the tri-state area. Based in Whitestone, New York, Abatelli Insurance Agency is a third-generation family-run business that has served the …
POSTED OCTOBER 04, 2022 1:42 PM |
In Ian’s Wake, Dangers Worsen in Parts of Florida
People kayaking down streets that were passable just a day or two earlier. Hundreds of thousands without power. National Guard helicopters flying rescue missions to residents still stranded on Florida’s barrier islands. Days after Hurricane Ian carved a path of …
POSTED OCTOBER 04, 2022 1:14 PM |
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