Reed, a sales executive, allegedly forwarded a spreadsheet summarizing new and lost business across producers — including client names, carriers, coverage lines, effective dates, and revenue — to his personal email in late December 2025. Dela Torre, an account executive, allegedly sent prospective client documents including policies, binders, and property-level financial data to her personal email before sharing them with Fuentes. Ghica-Ochoa, a director of commercial lines, allegedly used client account information sourced from AssuredPartners to prepare renewal materials at Liberty and deleted her Google Chrome history from her company computer shortly before leaving.
Author: Awais
New York City Mayor Zohran Mamdani’s administration wants to stop representing Eric Adams in a lawsuit that alleges the former mayor sexually assaulted a woman more than three decades ago, according to a court filing Tuesday. The move comes just a few months after Mamdani took office, following a bitter campaign season last year that had the two Democrats taking turns bashing each other in often caustic and personal terms. The suit, filed while Adams was still in office, accuses the former mayor of sexually assaulting a woman, Lorna Beach-Mathura, in 1993 when he was a police officer, alleging that…
Krol, who has over 20 years of insurance industry experience, said: “Great operations aren’t just about systems – they’re about people aligned around a clear mission. At Trident Marine Managers, we’re building disciplined processes, empowering great people, and creating AI-based efficiencies, with the goal to have execution consistently outperforming expectations.”
A New Jersey public school district may be held vicariously liable for sexual abuse by a teacher even if the abuse took place outside of the scope of the teacher’s employment and off school property. The New Jersey Supreme Court in a 6-1 opinion recently ruled that the state’s Child Victims Act that was enacted in 2019 “fundamentally altered” the law governing civil claims against public entities and certain private entities arising from sexual abuse. The ruling came in response to appeals from four people who alleged that New Jersey public school teachers sexually abused them when they were high…
Mark Woods CopperPoint Insurance Companies named Mark Woods senior vice president, head of product. Woods leads the integration of underwriting product and systems, guides geographic and product expansion strategies. Woods has more than 18 years of insurance experience across product, underwriting, risk management, analytics and technology-driven services. During his tenure at Travelers, he held leadership roles in product management, platform, third-party data, catastrophe risk management and underwriting automation. Most recently, he was vice president, portfolio solutions. CopperPoint is headquartered in Phoenix, Arizona. Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in…
Even in an age of frequent mass shootings in public places, a shooting can be unforeseeable and a supermarket has no duty to protect customers from random acts of violence, a Florida appeals court decided in a major win for businesses and liability insurers. “…While events giving rise to this case are undeniably tragic, the law imposed no duty on Publix to protect against this unforeseeable criminal act,” a three-judge panel of Florida’s 4th District Court of Appeals wrote in its March 18 opinion. The opinion upheld a Palm Beach Circuit Court decision in a lawsuit brought by the family…
Insurtech Hippo announced that its homeowners insurance products have been added to Progressive’s HomeQuote Explorer, available online and through Progressive in-house agents in eight states. Hippo said the distribution relationship began earlier this year with Progressive Advantage Agency, Progressive’s in-house agency. The states where Hippo is available are Colorado, Georgia, Illinois, Ohio, Pennsylvania, South Carolina, Tennessee, and Texas. Hippo gains access to Progressive’s broad distribution by offering its home protection with potential multi-policy discounts to consumers shopping with Progressive. Related: Insurtech Hippo Full-Year Net Income Reverses 2024 Loss “Progressive’s strong focus on technology and serving the broad needs of its…
A powerful software exploit capable of penetrating and stealing information from potentially hundreds of millions of Apple iPhones was planted on dozens of websites in Ukraine in recent weeks, researchers said on Wednesday. The discovery marks the second time this month that researchers have found spyware targeting iPhones and other Apple devices. Together, the two hacking tools show that the market for sophisticated malware capable of stealing data and cryptocurrency wallet information is flourishing, researchers said. Researchers with cyber firm Lookout, mobile security firm iVerify and Alphabet’s Google published coordinated analyzes of the malware they dubbed “Darksword.” On March 3,…
Europe’s biggest naval powers don’t see away of reopening the Strait of Hormuz to commercial shipping before the Iran war subsides. The continent continues to resist Donald Trump’s calls to deploy warships to the strait over fears they will be attacked by Iran. While European officials are discussinga plan to help escort oil tankers and othervessels, they are unlikely to send naval assets until the conflict eases and they get a clearer sense of both a US plan and the Iranian threat. Discussions for what military support can be sent to the region are in the “very early stages,” said…
The session, moderated by Christoph Nabholz, CEO of RiskInsight Consulting GmbH and former chief research and sustainability officer at Swiss Re, brought together senior sustainability leaders from across the industry, including Linda Freiner, chief sustainability officer at Zurich Insurance; Lucia Silva, group chief sustainability officer at Generali; Rowan Douglas, senior advisor and former CEO of Climate Risk & Resilience at Howden; and Marco Iriarte Somolinos, global head of sustainability at Solera.
Accelerant Holdings achieved a further upsizing and extension of its Flywheel Re collateralized reinsurance sidecar in March 2026, with existing investors in the structure increasing commitments to support the firm’s continued growth and some new investors coming onboard.Accelerant, the tech-focused company that helps its members exchange or transfer risk more effectively, while connecting them with long-term capital, leverages capital from third-party investors through its sidecar structure and other collateralized reinsurance arrangements. These have become a growing component of its business over-time, with Flywheel Re particularly important as an efficient investor-backed source of third-party reinsurance capital to fund Accelerant’s expansion and…
Conservative lawmakers in multiple states are pushing legislation drafted by an anti-abortion advocacy group to increase protections for crisis pregnancy centers, organizations that provide some health-related services but also work to dissuade women from having abortions. The legislation would prohibit state and local governments from requiring crisis pregnancy centers to perform abortions, provide referrals for abortion services, or inform patients about such services or contraception options. It also would allow crisis pregnancy centers to sue the violating government entity. Wyoming lawmakers passed a version of the Center Autonomy and Rights of Expression Act, or CARE Act, on March 4. Other…
Grade is leaving after a two-year stint defined by changes to Baxter’s business, including the sale of its kidney care unit.
Rising activity bringing greater scrutiny to E&O risk The handbook reflects a growing volume of E&O claims linked to M&A activity, particularly where agencies struggle to align processes, documentation and employee knowledge following a deal. As consolidation continues, integration timelines are often compressed, increasing the risk of gaps in coverage handling and internal controls.