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Travelers Partners with ASQ Underwriting on Transactional Risk Insurance
The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to insurance to mitigate deal risk and compete for acquisition …

POSTED JANUARY 23, 2019 5:59 PM
Oklahoma School District Settles Sexual Abuse Case for $3.5M
A settlement has been reached in a federal lawsuit accusing an Oklahoma school district of shielding a sexual predator and calling children liars. Perry Public Schools admitted liability for the “unwanted and unlawful touching” of 14 girls by a former …

POSTED JANUARY 23, 2019 5:24 PM
Shofner Joins LP Risk in Texas as Director of Operations
Bryan Shofner has joined Houston-based wholesale insurance broker and managing general agency, LP Risk, as director of operations. Shofner’s previous roles include senior vice president of Marsh McLennan Agency LLC and president and CEO of Shofner & Associates Insurance Agency. …

POSTED JANUARY 23, 2019 5:00 PM
Cannasure Hires Dharia as Client Service Director in Ohio
Cannasure Insurance Services (Cannasure), an insurance managing general agent (MGA) and wholesale broker for the cannabis and hemp industries, has hired Jay Dharia as client service director in the group’s Cleveland, Ohio, corporate office. Dharia will be responsible for the …

POSTED JANUARY 23, 2019 4:52 PM
AIG’s Strong Joins Tokio Marine as Business Innovation Officer
Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital innovation. Strong has 20 years of insurance and reinsurance industry experience including …

POSTED JANUARY 23, 2019 4:47 PM
Former Iowa Agent Convicted of Insurance Fraud
A former Iowa insurance agent has been convicted of insurance fraud following an insurance fraud investigation by the Iowa Insurance Division’s Fraud Bureau. The division reported that Joy Marie Heldt, age 48, of Madrid, was convicted of Fraudulent Submissions to …

POSTED JANUARY 23, 2019 4:46 PM
France Fines Google $57M for Breaching EU’s Data Privacy Rules Under GDPR
France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday [Jan. 21] for breaching European Union online privacy rules, the biggest such penalty levied against a U.S. tech giant. The French regulator said the world’s biggest …

POSTED JANUARY 23, 2019 4:24 PM
AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers
American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said its Series B financing was led by Cox Enterprises. American …

POSTED JANUARY 23, 2019 4:23 PM
CopperPoint in Arizona Names Rachel Davis-Schultz SVP, Chief Human Resources Officer
Phoenix, Ariz.,-based CopperPoint Insurance Cos. has named Rachel Davis-Schultz senior vice president and chief human resources officer. Rachel has more than 21 years of experience. For the past 10 years, she has been with Express Scripts, a pharmacy benefit manager. …

POSTED JANUARY 23, 2019 4:05 PM
Bayer Wants California Judge to Limit Evidence in Another Roundup Cancer Trial
Bayer AG unit Monsanto has asked a California judge in the litigation over its glyphosate-based weed killer Roundup allegedly causing cancer to limit evidence by splitting an upcoming trial into two phases, a request previously successful with another judge. Monsanto …

POSTED JANUARY 23, 2019 3:58 PM

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