Mon, 18 Oct 2021 19:19:03 +0000
Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Ltd. Financial details of the transaction, which was first announced in July, will...
Mon, 18 Oct 2021 18:31:04 +0000
Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’ increasing unease over the long arm of the Chinese government, people with knowledge of the matter said. The acqui...
Mon, 18 Oct 2021 16:56:10 +0000
Republican Gov. Mike Parson condemned one of Missouri’s largest newspapers for exposing a flaw in a state database that allowed public access to thousands of teachers’ Social Security numbers, even though the paper held off from reporting about the flaw …
Mon, 18 Oct 2021 16:39:56 +0000
House Democrats are calling for action on legislation that would remove time limits restricting when sexual assault victims could file lawsuits against their perpetrator. The lawmakers are also urging that hearings be held on a bill that would lift caps …
Mon, 18 Oct 2021 16:31:59 +0000
A new ordinance being proposed in New Orleans is designed to protect residents at apartment complexes for seniors during disasters like Hurricane Ida, which wiped out power to the city and stranded hundreds of people in sweltering apartment complexes f...
Mon, 18 Oct 2021 16:26:08 +0000
Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related to damage caused by Hurricane Ida, which struck Southeast Louisiana as a category 4 hurricane in late August. Bullet...
Mon, 18 Oct 2021 16:13:28 +0000
Guaranteed names Jeff Wingate as EVP Guaranteed Rate Insurance, an independent brokerage that offers personal, commercial, life and specialty insurance, announces it has hired Jeff Wingate as its new Executive Vice President to drive growth and diversi...
Mon, 18 Oct 2021 15:48:40 +0000
Florida insurance companies must disclose their financial arrangements with expert witnesses when asked to do so in litigation, the state Supreme Court has decided. In Brent Dodgen vs. Kaitlyn Grijalva, an automobile accident negligence case, the high ...
Mon, 18 Oct 2021 15:33:39 +0000
IMA Adds 3 Marine Experts in Houston IMA Inc. added a marine practice group with the hiring of three new insurance veterans in its Houston office, expanding its expertise across the spectrum of marine coverages to include hull, liabilities and …
Mon, 18 Oct 2021 15:06:28 +0000
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million customers and employees. The …
Mon, 18 Oct 2021 14:32:41 +0000
A western Washington county has agreed to pay $3.5 million to settle a lawsuit filed by the family of a man shot in the head in 2017 by a sheriff’s deputy and who died about a year later in 2018. …
Mon, 18 Oct 2021 14:15:26 +0000
The New York State Department of Financial Services (DFS) is mandating continuing education in flood insurance for property/casualty insurance producers in response to the increasing risk of flooding due to climate change. In addition, DFS is the first...
Mon, 18 Oct 2021 14:06:25 +0000
For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support gig-workers at scale, advises a report from insurance broker Marsh. According to the report, the COVID-19 pandemic is …
Mon, 18 Oct 2021 13:42:03 +0000
A New Jersey apartment complex from which 45 families were abruptly evacuated due to a rockslide stemming from the remnants of Hurricane Ida will be demolished, according to the lawyer representing the property owner. Attorney Steven Eisenstein handed ...
Mon, 18 Oct 2021 13:35:35 +0000
A Massachusetts bakery has agreed to pay up to $95,000 in penalties and restitution, require anti-bias training for employees, and revise its anti-discrimination policies to settle allegations that an employee was repeatedly exposed to racial slurs in ...
Mon, 18 Oct 2021 13:31:49 +0000
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse. According to analysts with the National Association of In...
Mon, 18 Oct 2021 13:09:43 +0000
Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach …
Mon, 18 Oct 2021 12:46:06 +0000
Hub International Ltd., the Chicago-based global insurance brokerage and financial services firm, announced it has acquired the assets of Rogersworks Inc. Financial details of the transaction were not disclosed. Located in Vancouver, British Columbia, ...
Mon, 18 Oct 2021 12:41:59 +0000
The biggest U.S. tech companies would face new constraints under two bills announced Thursday after a month of revelations from a Facebook Inc. whistle-blower sparked fresh calls to rein in an industry that has largely escaped regulation so far. A …
Mon, 18 Oct 2021 11:48:15 +0000
For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.” That phrase is now making a comeback in Beijing as regulators …
Mon, 18 Oct 2021 11:34:08 +0000
The former youth protection director for the Boy Scouts of America said Tuesday the organization is not doing enough to protect children from sexual abuse and is still trying to maintain a veil of secrecy over decades of past abuse. …
Mon, 18 Oct 2021 11:27:46 +0000
German reinsurance companies Munich Re and Hannover Rueck said on Monday they expect rising prices for their business in Europe next year, citing mid-July floods in central Europe, inflation and the coronavirus pandemic. The floods in July alone caused...
Mon, 18 Oct 2021 10:42:49 +0000
For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where its employees work …
Mon, 18 Oct 2021 08:33:56 +0000
The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils,” commented Michal Lörinc, senior catastrophe analyst ...
Mon, 18 Oct 2021 06:50:07 +0000
The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt badly by global coronavirus lockdowns last year, comp...
Mon, 18 Oct 2021 06:34:25 +0000
China’s top banking and insurance regulator said it would encourage insurers to accelerate the development of commercial pension products and accident insurance for gig-economy workers such as couriers and takeout deliverymen. China has in recent years...
Mon, 18 Oct 2021 05:27:01 +0000
Three years after first responders in Florida won a hard-fought victory to make mental stress a compensable condition, officers now hope lawmakers can tweak the law to correct some problems. The Florida Police Chiefs Association leaders and law officer...
Mon, 18 Oct 2021 05:22:24 +0000
Fourteen alleged insurance fraudsters are awaiting court action after they were arrested last week in southwest Florida. In Manatee County, south of Tampa, 13 men were caught in a sting operation and charged with contracting without a license and faili...
Mon, 18 Oct 2021 05:00:59 +0000
Vaccinations have served to significantly reduce the spread of COVID-19 in populations with high take-up rates, according to the Centers for Disease Control and Prevention(CDC). In the past months, many businesses and public entities have begun to requ...
Mon, 18 Oct 2021 05:00:50 +0000
LP Insurance Services LLC added Deanna DeHart, Courtney Pino and Bryce Warner to the Reno, Nev., employee benefits insurance team. All three brokers will serve employee benefits clients in the northern Nevada community. DeHart is an 18-year industry ve...