Author: completebodyneeds

Brotherhood Mutual Announces Leadership Promotions & Transition Brotherhood Mutual Insurance Company, headquartered in Fort Wayne, Indiana, made several changes to its executive team. Scott Figgins Scott Figgins assumes a new role as senior vice president – integration officer. He previously served as senior vice president – insurance operations since 2018. Figgins began his career with Brotherhood Mutual in 1989 as a claims adjuster. Through his career, he has served in many roles, including claims supervisor, vice president – claims, and vice president – underwriting. Dustin Grogg Dustin Grogg was promoted to senior vice president – insurance operations. Grogg previously served…

Price North Carolina’s insurance commissioner has named a financial analysis veteran to the role of senior deputy commissioner, overseeing the Company Services Group at the Department of Insurance. Jessica Price has led financial analysis at NCDOI for 15 years, and before that, was a tax auditor at the state Department of Revenue. The Company Services Group includes the DOI’s Financial Analysis Division, the Financial Examinations Division, and Financial Oversight and Special Entities divisions, Commissioner Mike Causey said in a bulletin. Price, with a bachelor’s degree in accounting and finance from Lenoir-Rhyne University, is a certified public accountant and a certified…

One quarter after Tampa-headquartered The Baldwin Group purchased CAC Group brokerage and reported a $26 million net loss, the brokerage posted just a $1.9 million loss for Q1 2026. On a per-share basis, Baldwin saw net income of 2 cents. Earnings, adjusted for one-time gains and costs, came to 63 cents per share. Those results fell short of Wall Street expectations for the publicly traded firm. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share, the Associated Press reported. The company posted revenue of $532 million in the period, up…

Allianz Commercial announced an agreement which transitions its standalone commercial cyber insurance business to Coalition, the managing general agent and specialist cyber insurer. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining the strengths of both companies for business customers around the world. Upon completion, Coalition will take primary responsibility for pricing, product development, risk mitigation, and claims management for Allianz’s standalone commercial cyber portfolio, supported by Allianz resources for multinational and large corporate underwriting, service delivery, and claims. Allianz will also provide long-term insurance capacity to Coalition and access to its…

Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people said it had “started an orderly wind-down of our operations, effective immediately.” Although Spirit had gone bankrupt twice before, the company said high oil prices, which have been rising because of the war with Iran, made it impossible to stay aloft. The airline, with offices in West Palm Beach,…

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026. This marks the 28th consecutive year Texas Mutual has paid a general dividend to its policyholder owners. With this year’s payout, the company will have distributed more than $5.1 billion back to businesses across the state. Dividends are expected to be issued in June to approximately 74,000 qualifying policyholders. Texas Mutual’s dividend program is rooted in its mission to promote safer workplaces across the state. This year, about 90% of policyholders will…

Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider. Terms of the deal were not disclosed. Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense and intelligence communities. Former members of Cybeta’s team will join Howden, bringing deep expertise in proactive, expert-driven cyber threat intelligence and predictive analytics. The acquisition bolsters Howden’s U.S. cyber practice,…

Firefighters worked through the night to extinguish a blaze at a laboratory on the University of South Florida campus in St. Petersburg and officials said Sunday that the building could be a total loss. The fire Saturday night prompted evacuations and sent up plumes of billowing smoke from the marine science lab building. No injuries were reported and no hazardous materials were released, USF President Moez Limayem wrote in a message to students and staff. The cause of the fire remained under investigation. Limayem said damage assessments were ongoing, but the destruction was extensive. “Our recovery teams are working with…

Pennsylvania has sued the artificial intelligence company behind Character.AI to stop its chatbot from posing as doctors. Governor Josh Shapiro on Tuesday called the lawsuit against Character Technologies the first of its kind by a U.S. governor. It followed the creation in February of a state AI task force to stop chatbots from impersonating licensed medical professionals. In a complaint filed in the Commonwealth Court of Pennsylvania, the state said it found chatbots on Character.AI that claimed to practice medicine. One character, “Emilie,” allegedly told a male investigator posing as a patient with depression that she was licensed to practice…

The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies. The regulator sent the measure to the White House’s Office of Management and Budget for review on May 4, according to a post on a government website. The old corporate disclosure regulations, issued under former SEC Chair Gary Gensler, had never been implemented amid a spate of legal challenges. The Trump administration had effectively set the rules aside a year ago when the regulator told a judge that it would no longer to defend the policy in…