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PCF Insurance Services said Tuesday it has promoted Brandon Gray to chief financial officer from senior vice president and treasurer.

Clara Analytics Inc., a Sunnyvale, California-based developer of artificial intelligence technology for the insurance industry, said Tuesday it has released Clara Fraud, a platform that works to increase visibility into suspicious workers compensation claims.

A pair of California-based Asian food companies agreed to pay $245,000 to settle a class action brought by the U.S. Equal Employment Opportunity Commission on behalf of men and women claiming they were subjected to sexual harassment and retaliation, the agency announced Friday.

Skyward Specialty Insurance Group Inc. Tuesday said it has added one former QBE North America executive, a former ANV Global Services executive and a claims attorney to its nascent media liability team, launched in January.

Aon PLC Tuesday named Edmund Reese, chief financial officer of financial technology company Broadridge Financial Solutions Inc., to succeed Christa Davies as its next CFO.

Many reinsurance buyers finally saw lower rates during June 1 renewals after years of increases, although a last-minute flurry of “shortfall” orders busied brokers and reinsurers during the final week of May.

PacifiCorp, a utility owned by billionaire Warren Buffett’s Berkshire Hathaway Inc., said on Monday it agreed to pay $178 million to resolve claims by 403 plaintiffs arising from two Oregon wildfires in 2020.

Jim Harrington, an insurance lawyer and U.S. property claims officer at Aon PLC, died suddenly May 29.

The famously expensive price of Berkshire Hathaway Inc. stock looked shockingly affordable for a couple of hours on Monday.

Apollo Syndicate Management Ltd., a Lloyd’s of London managing agent, said Monday it has launched a captive syndicate at Lloyd’s.

Axa XL, the property/casualty unit of France’s Axa SA, on Monday announced a restructuring of its insurance underwriting operations in the Americas and confirmed it will lay off an undisclosed number of staff.

A trial judge was permitted to calculate monetary restitution in a workers compensation criminal fraud case, despite the defendant arguing that the decision should have been left to jurors, the Alaska Court of Appeals ruled Friday.

Specialty brokerage Insuretrust, part of CRC Group, Monday named former Cowbell Cyber Inc. executive Sonja Kozel as senior vice president.

Liberty Mutual Insurance Co. said Monday it has hired former Chubb Ltd. underwriter Tory Agnich to head its newly launched practice for mid-sized companies in the life sciences sector.

Workers compensation prescription drug utilization is trending downward, but the costs of medication are rising, primarily due to costly topical agents that mostly come from out-of-network physician dispensing channels, according to a report released Monday by Enlyte LLC.