January 20, 2021

Wed, 20 Jan 2021 17:51:52 +0000
Nebraska teachers and meatpacking workers worry it will take longer for essential workers like them to get the coronavirus vaccine now that the next group of people to be vaccinated has been expanded to include everyone 65 and older in …
Wed, 20 Jan 2021 17:46:34 +0000
E. I. du Pont de Nemours and Co. Inc. (DuPont) and a former employee have been indicted for knowingly violating requirements of federal safety regulations and negligently releasing an extremely hazardous substance at the company’s plant in LaPorte, Tex...
Wed, 20 Jan 2021 17:29:28 +0000
Louisiana Citizens Property Insurance Corp., the state-sponsored insurer of last resort, now in its 14th round of depopulation, continues to shed policies, according to the Louisiana Department of Insurance. The drop in policy count has occurred even d...
Wed, 20 Jan 2021 17:13:49 +0000
The Hilb Group LLC (THG) acquired Linwood, Michigan-based Owen Moore Insurance Agency (OMA) in a transaction that was effective Dec. 31, 2020. OMA is a full-service property/casualty agency, providing a broad range of personal and commercial insurance ...
Wed, 20 Jan 2021 16:09:53 +0000
The U.S. Supreme Court on Tuesday rejected Merck & Co. Inc.’s bid to revive a $2.54 billion jury verdict it won against rival drugmaker Gilead Sciences Inc. for infringing a patent in a dispute over a blockbuster hepatitis C treatment. …
Wed, 20 Jan 2021 15:58:09 +0000
California may have paid out nearly $10 billion in phony coronavirus unemployment claims – more than double the previous estimate – with some of that money going to organized crime in Russia, China and other countries, according to a security …
Wed, 20 Jan 2021 15:28:06 +0000
Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy, according to an analysis about to be presented to the ...
Wed, 20 Jan 2021 15:14:01 +0000
The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on …
Wed, 20 Jan 2021 14:45:58 +0000
Massachusetts Governor Charlie Baker vetoed a sweeping climate change bill Thursday, just days after top Democratic lawmakers on Beacon Hill vowed to immediately refile and pass it again if the Republican refused to sign the legislation. The bill had b...
Wed, 20 Jan 2021 14:45:38 +0000
International investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital agreed to acquire 100 percent of the common stock shares of specialty insurer ProSight Global for $586 million cash. The deal, announced...
Wed, 20 Jan 2021 14:41:56 +0000
A woman who has Tourette’s syndrome may proceed with her lawsuit against a surgeon who declined to repair her injured shoulder because of her disability, the state Supreme Court ruled. The doctor performed surgery on Carol Cutting’s injured shoulder but …
Wed, 20 Jan 2021 14:38:12 +0000
Guardians of a Rhode Island moped driver who was sent into a coma with a head injury after he crashed while being followed closely by a Providence police cruiser filed a federal lawsuit on his behalf alleging brutality and excessive …
Wed, 20 Jan 2021 14:37:38 +0000
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of two additional underwriters within its global Renewable Energy business. Nicholas Boswell Brown and Claire Whelan will join AXIS in April as...
Wed, 20 Jan 2021 14:03:47 +0000
There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with sellers looking to avoid …
Wed, 20 Jan 2021 13:42:49 +0000
Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the No. 1 ally on the INvolve OUTstanding LGBT+ Ally Executives list for 2020. INvolve is a global network and …
Wed, 20 Jan 2021 13:28:42 +0000
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched new terrorism insurance coverage in the German market, effective immediately. Since LSM entered the market in 2018, business written used the standard London market c...
Wed, 20 Jan 2021 12:31:54 +0000
AkinovA (Bermuda) Ltd., the wholly owned Bermuda trading subsidiary of AkinovA Ltd., has been granted the first “Insurance Marketplace Provider” license by Bermuda’s financial services regulator. This new category of insurance intermediary provides cap...
Wed, 20 Jan 2021 11:00:41 +0000
Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber coverage, offering a lucrative opportu...
Wed, 20 Jan 2021 10:42:46 +0000
HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, …
Wed, 20 Jan 2021 08:16:29 +0000
The Kentucky Supreme Court ruled last month that an online poker company must pay more than $1 billion to the state for illegal gambling losses in a court battle that began a decade ago. The ruling from the state’s high …
Wed, 20 Jan 2021 08:09:38 +0000
Atlanta-based INSUREtrust has announced multiple additions and promotions to its Atlanta team. The company, which was just acquired by Constellation Affiliated Partners, has added Beck Heigl as an account manager. Before INSUREtrust, Heigl was an estim...
Wed, 20 Jan 2021 08:05:11 +0000
The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife insurance benefits/annuities and monies through its mediation efforts in 2020. TDCI’s figures show: $10,164,747 was ...
Wed, 20 Jan 2021 06:43:07 +0000
Cincinnati, Ohio-based Great American Insurance Group has promoted Kenneth (Ken) R. Bearley to divisional president within its Property/Casualty Group’s Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pitts...
Wed, 20 Jan 2021 06:00:49 +0000
Brown & Riding has named Harold Nam chief financial officer. Nam joined Brown & Riding in 2008 as a staff accountant. Since joining the firm, he has ascended to positions of increased responsibility. Brown & Riding is a wholesale insurance …
Wed, 20 Jan 2021 06:00:40 +0000
Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. automaker to avoid a recall. The National Highway Traffic S...
Wed, 20 Jan 2021 06:00:14 +0000
The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a “close call” over a lawsuit filed by the city of Baltimore against energy companies seeking monetary damages due to the impact of global climate change. …
Wed, 20 Jan 2021 06:00:08 +0000
AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financi...
Wed, 20 Jan 2021 00:24:47 +0000
A federal judge has awarded more than $1 million in damages to another veteran who says he was sexually abused by a former physician assistant at a Veterans Administration hospital in Kansas. It’s the third time since November that U.S. …
Tue, 19 Jan 2021 23:08:02 +0000
Arthur J. Gallagher & Co. has acquired San Diego, Calif.-based Atlas General Holdings LLC, dba Atlas General Insurance Services. Mike Mathews, Charles Lasher and their associates will remain in their current location under the direction of Joel Cavanes...
Tue, 19 Jan 2021 20:13:50 +0000
AM Best announced that its would not change the “A-” financial strength ratings of the members of Dallas-based Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced the ...