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Wed, 19 Jan 2022 20:47:48 +0000
The blast from the volcano could be heard in Alaska, and the waves crossed the ocean to cause an oil spill and two drownings in Peru. The startling satellite images resembled a massive nuclear explosion. And yet, despite sitting almost …
Wed, 19 Jan 2022 18:31:56 +0000
Freeway Insurance, a division of Confie, acquired Can-Do & Showers Insurance Agency in Idaho. The acquisition is the first for Freeway Insurance in Idaho, and the 150th by the company since 2008. As part of the acquisition, Freeway Insurance will …
Wed, 19 Jan 2022 17:53:26 +0000
A wildfire burning east of Austin, Texas was likely the resulted of a planned burn, officials said. The Rolling Pines Fire in Bastrop County had burned through more than 780 acres and was 30% contained as of the morning of …
Wed, 19 Jan 2022 17:40:12 +0000
This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re. A summary of these new hires follows here. Hamilton Appoints AIG’s Friston for Financial Lines Insurance Hamilton Insurance Group Ltd. a...
Wed, 19 Jan 2022 17:26:57 +0000
Actuarial Risk Management Names Terrence Cummings as Senior Consulting Actuary Actuarial Risk Management, a actuarial consulting firm, has addedTerrence Cummingsas senior consulting actuary. In this new role, Cummings will lead the establishment of a g...
Wed, 19 Jan 2022 17:16:02 +0000
Alera Group reports it has acquired Foa & Son, an international insurance broker based in New York City. Terms were not disclosed. Founded in 1861, Foa & Son maintains commercial practice groups in multinational clients, food and beverage, real estate …
Wed, 19 Jan 2022 16:56:04 +0000
Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states. The reinsurance-backed managing general agent (MGA) touts a technology stack for multi-family properties that streaml...
Wed, 19 Jan 2022 16:34:29 +0000
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business attracted additional capital, w...
Wed, 19 Jan 2022 16:31:58 +0000
A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the firm suffered a data breach in 2021. The plaintiffs, Florida residents Nancy Bohnak and Janet Lea …
Wed, 19 Jan 2022 16:22:41 +0000
Ten months ago, historic flooding in eastern Kentucky displaced dozens of people and damaged homes and businesses all along the Kentucky River. The flooding also caused an embankment on Panbowl Lake, near Jackson, Kentucky, to begin to slip, raising new …
Wed, 19 Jan 2022 15:43:22 +0000
The Tennessee Department of Commerce and Insurance is reminding residents that the state has $1 million available for firefighting equipment for the state’s more than 500 volunteer fire departments. The department and the state Fire Marshal’s Office an...
Wed, 19 Jan 2022 15:37:20 +0000
Risk Strategies acquired Burke Insurance Group LLC, a New Mexico-based commercial retail insurance agency. The acquisition marks Risk Strategies’ first entry in New Mexico. Headquartered in Las Cruces, New Mexico, Burke Insurance Group was formed in 19...
Wed, 19 Jan 2022 15:22:06 +0000
Orion180, a homeowners insurance provider based in Florida, announced that it has made Ryan Jesenik chief operations officer. Jesenik joined Orion180 in 2020 as senior vice president for sales and operations, and has overseen significant growth for the...
Wed, 19 Jan 2022 15:02:54 +0000
The U.S. Department of Agriculture reported two more cases of highly pathogenic avian flu in wild birds on Tuesday, raising risks for potential infections in poultry. The USDA on Friday reported the nation’s first case of a Eurasian H5 type …
Wed, 19 Jan 2022 15:01:25 +0000
California-based Relation Insurance Services has reached across the country to acquire trucking industry specialist Allen Insurance Group, headquartered in Georgia. Based in Fort Valley, Georgia, Allen offers commercial lines and daily rental and modul...
Wed, 19 Jan 2022 14:55:34 +0000
There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to agency consultancy OPTIS Partners. Also, the 384 deals during the fourth quarter of 2021 marked a 26% increase over the …
Wed, 19 Jan 2022 14:33:07 +0000
Drugmaker Endo International plc said on Tuesday it had agreed to pay up to $65 million to resolve claims by the state of Florida and local governments that the drugmaker helped fuel the U.S. opioid epidemic. The deal is the …
Wed, 19 Jan 2022 13:06:37 +0000
AT&T and Verizon Communications on Tuesday agreed to temporarily defer turning on some wireless towers near key airports to avert a significant disruption to U.S. flights as they roll out 5G service that will bring faster wireless service to tens …
Wed, 19 Jan 2022 13:00:17 +0000
The looming threat of increased supply chain and critical infrastructure attacks is causing both cyber experts and cyber insurers to lose sleep already in 2022, according to guests on this episode of The Insuring Cyber Podcast. “Those are going to, …
Wed, 19 Jan 2022 12:32:52 +0000
A group of the world’s biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their planet-friendly mission: competition law. The Net-Zero Insura...
Wed, 19 Jan 2022 11:11:58 +0000
The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on …
Wed, 19 Jan 2022 09:00:52 +0000
An early morning fire on Jan. 14 at a church in Louisiana’s capital left $150,000 worth of damages but no injuries, authorities said. The Baton Rouge Fire Department responded about 5:30 a.m. to a fire in North Baton Rouge at …
Wed, 19 Jan 2022 08:13:22 +0000
A UK High Court on Tuesday threw out a case brought by climate activists against the country’s oil and gas regulator OGA, rejecting their argument that the OGA’s actions amount to a type of unlawful subsidy of the fossil fuel …
Wed, 19 Jan 2022 08:05:26 +0000
Two men died and five people were injured early Monday in a fire at a multi-family dwelling in Pontiac, authorities said. Eleven adults were in the home when the fire was reported around 2:44 a.m., Oakland County Sheriff’s Department officials …
Wed, 19 Jan 2022 08:00:29 +0000
Louisiana’s fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between August 2020 to August 2021, according to a new report by the Louisiana Sea Grant and the Louisiana Department of W...
Wed, 19 Jan 2022 07:49:33 +0000
Canada’s financial sector is facing a talent shortage in sustainable finance as demand for people who can evaluate ESG-related risks and opportunities far exceeds the supply, according to a new study. Environmental, social and governance factors are be...
Wed, 19 Jan 2022 07:35:35 +0000
Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information …
Wed, 19 Jan 2022 07:30:57 +0000
The family of a delivery driver who died last month when a tornado collapsed the central Illinois Amazon facility where he worked filed a wrongful deathlawsuitMonday in Madison County. The action on behalf of Austin McEwen, 26, claims that Amazon …
Wed, 19 Jan 2022 06:14:42 +0000
Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers sell surplus policies in Florida. The Senate Banking and In...
Wed, 19 Jan 2022 06:01:55 +0000
California workers’ compensation COVID-19 claim volume continues to track with the state’s fluctuating infection trends, as the latest monthly count of COVID workers’ comp claims jumped 172% in December to the second highest level of the year as the Om...