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Thu, 04 Mar 2021 11:25:20 +0000
MILAN – Europe’s insurance industry doesn’t have the capacity to deal with the systemic risk of a pandemic and more protection needs to be put in place through private-public partnerships, the head of Italian insurer Generali said on Thursday. Speaki...
Thu, 04 Mar 2021 10:42:20 +0000
Costero Holdings, a privately held London-based brokerage, has acquired the independent broker Mar Risk Services Ltd. (MarRS), effective March 1, 2021. Headquartered in London, MarRS offers insurance advice and access to leading insurance providers bot...
Thu, 04 Mar 2021 10:05:49 +0000
Zurich Insurance Group has appointed Sierra Signorelli, currently group chief underwriting officer, to the role of chief executive officer for Commercial Insurance and as a member of the executive committee with immediate effect. Signorelli succeeds Ja...
Thu, 04 Mar 2021 09:49:48 +0000
Aviva Plc has exited its Italian businesses in a pair of deals totaling 873 million euros ($1.1 billion) as the UK insurer continues to pivot to its core markets. CNP Assurances and Allianz SE bought the London-based firm’s Italian life …
Thu, 04 Mar 2021 07:31:23 +0000
It’s the start of another Florida Legislative Session with a familiar theme — insurers pushing for reforms they say are needed to help the state’s distressed insurance market. Only this year the need is more urgent than ever, according to …
Thu, 04 Mar 2021 06:48:30 +0000
Associated Insurance Administrators (AIA), based in Montgomery, Ala., has appointed Patrick Albrecht as president. The appointment of Albrecht is part of the company’s reorganization to bring the authorities and responsibilities into the day-to-day ope...
Thu, 04 Mar 2021 06:47:42 +0000
Alliant Insurance Services has acquired Group Insurance Incorporated (GII), a full-service employee benefits provider and general agency based in Baton Rouge, Louisiana. The acquisition of GII adds a diverse portfolio of group insurance products and se...
Thu, 04 Mar 2021 06:38:35 +0000
Kansas lawmakers moved on March 2 to extend protections for businesses from lawsuits over COVID-19. The Senate Judiciary Committee approved a bill that would give businesses an extra year of protection, until March 31, 2022, from lawsuits from customer...
Thu, 04 Mar 2021 06:00:39 +0000
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
Thu, 04 Mar 2021 06:00:26 +0000
Democrats and Republicans in Congress are taking aim at a controversial law that shields internet platforms including Facebook Inc. and Twitter Inc. from lawsuits over content posted by users. The measure — just 26 words known as Section 230 — …
Thu, 04 Mar 2021 06:00:19 +0000
Climate change is weakening the ocean currents that shape weather on both sides of the Atlantic. The Atlantic Meridional Overturning Circulation during the 20th century has weakened more than at any other time over the last 1,000 years, new research …
Thu, 04 Mar 2021 06:00:17 +0000
Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth overall. The Ohio-based insurtech lost $1...
Thu, 04 Mar 2021 06:00:14 +0000
Newport Beach, Calif.-based Alliant Insurance Services has named Derek Whipple senior vice president of energy and marine. Whipple is located on the West Coast, and has a specialized focus on power-related energy. He was previously a managing director ...
Thu, 04 Mar 2021 06:00:09 +0000
San Diego, Calif.-based ICW Group Insurance Cos. has named Iva Yuan vice president, product and pricing. Yuan will oversee the strategic direction of its product lines across the company’s various businesses. Yuan has more than 20 years of insurance in...
Thu, 04 Mar 2021 01:31:28 +0000
The family of a Lebanon, Mo., police officer who died of COVID-19 has been denied workers’ compensation, city officials said. Officer Kendle Blackburn died Dec. 28 after a long battle with the virus. A release from Gov. Mike Parson’s office …
Thu, 04 Mar 2021 01:16:55 +0000
The largest and oldest power cooperative in Texas is filing for bankruptcy protection, citing February’s winter storm that left millions without power, and it is unlikely to be the last utility to seek shelter in the courts. Brazos Electric Power …
Thu, 04 Mar 2021 01:08:08 +0000
As small-business owners and managers across Texas went to work Wednesday morning, they faced yet another 2021 headache: deal with losing business from customers who don’t want to wear face masks during the pandemic or from patrons who will only …
Thu, 04 Mar 2021 00:08:22 +0000
A semitruck on Tuesday crashed into an SUV carrying 25 people on a Southern California highway, killing 13 and leaving others injured, authorities said. California Highway Patrol Chief Omar Watson said 12 people died at the scene, which is about …
Wed, 03 Mar 2021 17:56:04 +0000
Legislation that would provide broad protections to shield Kentucky businesses from coronavirus-related lawsuits won approval from the state Senate after a long debate Monday evening. Senate President Robert Stivers described the measure as a necessary...
Wed, 03 Mar 2021 17:51:23 +0000
State regulators have filed a lawsuit accusing a Nebraska ethanol plant of repeatedly failing to comply with their orders to clean up wastewater and old, pesticide-laced seed corn. The lawsuit comes amid growing complaints about the AltEn plant near Me...
Wed, 03 Mar 2021 17:50:45 +0000
The longtime mayor of the southern Illinois city of Columbia has resigned in the wake a federal indictment accusing him of public corruption, a city official announced. Last week, a federal grand jury indicted Mayor Kevin Hutchinson on charges of …
Wed, 03 Mar 2021 17:50:21 +0000
One person was killed when an oil well exploded in southwest Louisiana over the weekend, authorities said. Emergency crews were called to the scene of the explosion near Longville on Sunday evening, according to a statement from Beauregard Parish Fire …
Wed, 03 Mar 2021 17:49:41 +0000
Following complaints from property insurance policyholders, Louisiana’s top insurance regulator has issued a third bulletin reminding insurers of their obligations to policyholders as they work with consumers affected by the devastating 2020 hurricane ...
Wed, 03 Mar 2021 17:49:10 +0000
An Oklahoma City roofing and building products company has been ordered to reinstate two employees and pay more than $23,000 in back wages to each employee and $70,000 in punitive damages in a workplace safety whistleblower case. According to U.S. …
Wed, 03 Mar 2021 17:47:24 +0000
Hub International Limited (Hub), a full-service global insurance broker based in Chicago, has acquired the assets of Wellspring Insurance Agency Inc., located in Argyle, Texas. Terms of the transaction were not disclosed. Wellspring Insurance Agency is...
Wed, 03 Mar 2021 17:46:07 +0000
An Ohio roofing contractor has been cited by federal workplace safety officials after a 14-year-old boy who was working on the roof of a Berea, Ohio, townhome without required fall protection suffered critical injuries when he fell 20 feet to …
Wed, 03 Mar 2021 17:43:28 +0000
St. Louis, Mo.-based Valley Insurance Agency Alliance (VIAA), a network of agencies in Missouri and Illinois, has appointed Josh Coffman as alliance coordinator and Denise Wilkerson as personal lines specialist. Coffman will manage the technology, syst...
Wed, 03 Mar 2021 16:34:58 +0000
BRUSSELS – Aon will face a list of objections by the EU’s antitrust watchdog which it must overcome with concessions to proceed with its $30 billion bid for Willis Towers Watson, two people familiar with the matter said. The negotiations …
Wed, 03 Mar 2021 16:01:04 +0000
Brexit starts a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial services companies, Britain’s finance minister Rishi Sunak told the Bank of England. Britain left the EU’s single mark...
Wed, 03 Mar 2021 14:52:46 +0000
Nevada officials are preparing to cede decision-making power over the state’s coronavirus measures to county officials. In the five rural counties that have passed resolutions condemning the restrictions, it’s unclear how much will change. “We just pla...