January 24, 2022
Mutual Insurance Agency
Mon, 24 Jan 2022 17:58:32 +0000
Louisiana Insurance Commissioner Jim Donelon has placed a homeowners insurance company in receivership after the insurer suffered losses from the combination of Hurricanes Laura, Delta and Zeta in 2020 and Hurricane Ida in 2021. Americas Insurance Comp...
Mon, 24 Jan 2022 17:27:40 +0000
Sarah Palin, the 2008 Republican U.S. vice presidential candidate and former Alaska governor, has tested positive for the coronavirus, forcing a U.S. judge on Monday to delay her defamation trial against The New York Times. Jury selection and opening s...
Mon, 24 Jan 2022 17:22:22 +0000
Brown & Brown Names Batta, Raveling, Kusserelis to Key Posts Brown & Brown, a national insurance brokerage firm, has elevated three people to senior leadership positions, the company announced. Anurag Batta, who previously was chief operating officer a...
Mon, 24 Jan 2022 17:18:42 +0000
A worker on a crew replacing corroded grating on an oil platform wasn’t wearing his safety lifeline when he fell to his death off Louisiana in May 2020, the federal offshore safety agency says. The man stood on grating after …
Mon, 24 Jan 2022 17:13:34 +0000
Pen Underwriting announced two new long-term UK capacity deals with QBE in the highly specialist areas of public authority and higher education risks, as well as hazardous goods, environmental industries and tanker transportation. The renewed agreement...
Mon, 24 Jan 2022 17:09:04 +0000
USI Insurance Services has acquired Longview, Texas-based D&H Risk Services LLC. Founded in 1936, D&H Risk Services is an independent risk management and employee benefits agency serving businesses and individuals throughout Texas. Terms of the transac...
Mon, 24 Jan 2022 16:36:41 +0000
This edition of International People Moves details appointments at Marsh, Willis Towers Watson (WTW) and Aon. A summary of these new hires follows here. Marsh Promotes Payne to UK Chair of FINPRO, Morgan as Head of Professional Liability Insurance brok...
Mon, 24 Jan 2022 16:30:45 +0000
Technology company Root Inc., the Columbus, Ohio-based parent company of Root Insurance, announced yesterday that it has laid off approximately 330 team members throughout its business. Co-Founder and CEO Alex Timm in an emailed statement cited pandemi...
Mon, 24 Jan 2022 16:22:45 +0000
A federal judge in Tampa has ordered a roofing contractor to revise its lawsuit complaint, which alleges racketeering law violations against United Property & Casualty Co., after the original complaint failed to meet federal court rules. “Upon review, ...
Mon, 24 Jan 2022 15:44:45 +0000
Hundreds of residents remained evacuated Sunday as crews battled a wildfire in rugged mountains along the California coast that forced the closure of the main roadway near Big Sur. One structure, a yurt, was destroyed by the blaze that broke …
Mon, 24 Jan 2022 15:35:52 +0000
Berkley One has expanded its personal insurance portfolio to Utah. Berkley One is also expanding into Maine. Berkley One Classics collector vehicle coverage is also launching in Montana, Utah and Wyoming. In Utah and Maine, Berkley One is now offering …
Mon, 24 Jan 2022 15:31:33 +0000
Western National Mutual Insurance Co. and Alfa Insurance announced an agreement for Alfa to purchase Legacy Insurance Services Inc. in Arizona. The deal is pending final regulatory approval. Alfa is acquiring the Legacy and Arizona Auto Insurance Co. e...
Mon, 24 Jan 2022 15:16:26 +0000
Thanks to an unexpectedly large state budget surplus for 2021, Georgia’s governor wants to pay off a $150 million backlog of workers’ compensation benefits due to state employees. Gov. Brian Kemp’s budget director said last week that the surplus, partly …
Mon, 24 Jan 2022 14:57:29 +0000
The West Virginia Senate appears poised to pass a bill that would create a mutual insurance company dedicated to coal mine reclamation costs. Senate Bill 1, backed by Senate President Craig Blair, would help the state avoid what Blair has …
Mon, 24 Jan 2022 14:53:17 +0000
Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters. ...
Mon, 24 Jan 2022 13:50:52 +0000
NFP Realigns Its Northeast Region Leadership, Appoints Henry and Walsh Co-Presidents Insurance broker NFP announced Kate Henry and Mike Walsh have become co-presidents of its Northeast region. As part of this leadership realignment, Henry and Walsh suc...
Mon, 24 Jan 2022 13:22:18 +0000
A judge has dismissed Ocean City from a federal lawsuit over a beach umbrella getting caught in the wind and impaling a woman. The lawsuit filed in June 2021 claimed that negligence on the part of the town and the …
Mon, 24 Jan 2022 12:09:48 +0000
The operator of Japan’s crippled Fukushima nuclear power plant has found that a coolant solution, used to create an ice wall halting the seepage of groundwater into reactor buildings, has leaked from two storage tanks. The leakage has had no …
Mon, 24 Jan 2022 11:34:21 +0000
Leading British asset manager Aviva Investors plans to push boards for greater action on biodiversity and human rights so that companies consider “the whole picture of sustainability.” Alongside climate change, a core focus for most investors, Aviva’s ...
Mon, 24 Jan 2022 08:10:00 +0000
A lawsuit alleging racial discrimination at Tulane University’s School of Medicine has been settled. Dr. Princess Dennar, a former director of the school’s residency program, filed the lawsuit in 2020. It alleged a decade of discrimination, unfair rota...
Mon, 24 Jan 2022 07:30:29 +0000
Victims of sexual abuse at the hands of Catholic priests urged Nebraska lawmakers on Friday to pass a law that would let people who were abused decades ago file lawsuits against the church or other organizations that were negligent. The …
Mon, 24 Jan 2022 07:26:15 +0000
Howden, the London-based insurance broker, announced the acquisition of Tower SpA, a Vicenza, Italy-based specialist insurance broker and risk consulting company. This follows the acquisition of the highly regarded Andrea Scagliarini SpA in July 2021, ...
Mon, 24 Jan 2022 06:59:33 +0000
Italy’s top insurer Generali on Friday said it would press on with a list of candidates for its new board in line with regulatory guidelines, as a battle among its leading shareholders rages on. Italian market watchdog Consob on Friday …
Mon, 24 Jan 2022 06:03:29 +0000
The head of one of the larger property insurance companies in Florida said Friday that without a doubling of some of its rates, it will be forced to seek more capital from investment firms, a prospect that may not be …
Mon, 24 Jan 2022 06:00:54 +0000
Attorneys for a Maine college and five female athletics coaches said Friday they have reached a settlement stemming from a lawsuit over fair pay and working conditions. Lawyers representing Colby College and the coaches released a joint statement that ...
Mon, 24 Jan 2022 06:00:48 +0000
Ford Motor Co. and ADT Inc. have launched a $105 million joint venture, Canopy, to develop and market in-vehicle security systems for commercial and retail customers, the companies said. The first standalone systems, due in about 12 months, will employ …
Mon, 24 Jan 2022 06:00:46 +0000
Volkswagen AG agreed to a $3.5 million settlement with Ohio over claims the German automaker violated state laws by manipulating vehicle computer software in its vehicles to mask carbon dioxide emissions, the state attorney general said. In November, t...
Mon, 24 Jan 2022 06:00:28 +0000
Sarah Palin, the former Alaska governor and 2008 Republican vice presidential nominee, has spent 4-1/2 years battling the New York Times over an editorial she said falsely linked her to a deadly Arizona mass shooting that left a U.S. congresswoman …
Mon, 24 Jan 2022 06:00:21 +0000
New Hampshire has postponed a pending trial against drugmaker Johnson & Johnson over opioid distribution and marketing from February to September because of COVID-19 concerns. The state of New Hampshire was scheduled to face a jury trial on Feb. 2 …
Fri, 21 Jan 2022 21:16:00 +0000
California Insurance Commissioner Ricardo Lara on Friday approved the FAIR Plan to offer new commercial coverage for farm structure risks starting Feb. 1. The FAIR Plan is an association made up of all admitted insurance companies to be the state’s …