Wed, 08 Dec 2021 17:20:55 +0000
Texas surplus lines premiums amounted to $685.5 million in November, according to the Surplus Lines Stamping Office of Texas. Surplus lines premiums total $8.27 billion year-to-date, a 14.8% increase in year-to-date premiums compared to the same period...
Wed, 08 Dec 2021 17:20:02 +0000
German financial services company Allianz said on Friday it would increase dividends by 5% each year from 2021 as it raised mid-term guidance, citing progress of its business simplification strategy. The company said it would give shareholders half of ...
Wed, 08 Dec 2021 17:14:32 +0000
All Michigan drivers with auto insurance will receive a $400 per-vehicle refund next year. Gov. Gretchen Whitmer and state regulators announced the dollar amount Tuesday, more than a month after she had requested the checks by citing a multibillion-dol...
Wed, 08 Dec 2021 17:08:50 +0000
Hub International Limited, a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Gregory Benefits & Consulting LLC. Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Greg...
Wed, 08 Dec 2021 16:50:01 +0000
This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance. A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural Resources Australasia Insurance broker...
Wed, 08 Dec 2021 15:53:07 +0000
The U.S. securities regulator has opened an investigation into Tesla Inc. over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several ye...
Wed, 08 Dec 2021 15:34:26 +0000
E-commerce pet products company Chewy plans to begin selling pet health insurance plans from pet insurer Trupanion to its 20 million customer base. The insurance will be sold under the Chewy Health brand that includes wellness products beginning in Spr...
Wed, 08 Dec 2021 15:32:10 +0000
A slow-moving storm that knocked out power, swamped dozens of homes and sent creeks and streams surging had mostly passed over Hawaii on Tuesday, though the threat of flooding lingered in some already-drenched areas. Showers were tapering off on Oahu, …
Wed, 08 Dec 2021 15:30:03 +0000
A former Oregon official who was tasked with fielding harassment complaints in the state Capitol before resigning in June says he was pushed out for revealing flaws in the Legislative Equity Office and is now threatening to sue the Legislature …
Wed, 08 Dec 2021 15:27:36 +0000
Residents gathered in Haines to remember the two people killed by a landslide last year. The ceremony, held Saturday, honored kindergarten teacher Jenae Larson and David Simmons, who worked for an economic development organization, Anchorage television...
Wed, 08 Dec 2021 15:25:01 +0000
The role that city officials played in allowing a luxury condominium to be built next door to the now-collapsed Champlain Towers building is under new scrutiny by plaintiffs and investigators. The Miami Herald newspaper reported that the City of Miami …
Wed, 08 Dec 2021 14:41:10 +0000
Argenta Syndicate Management Ltd. (ASML), a subsidiary of Argenta Holdings Ltd., announced it will cease underwriting all new and renewal business relating to the Lloyd’s China platform (LICCL) with immediate effect and put the operation into run-off. ...
Wed, 08 Dec 2021 14:30:26 +0000
The town of Wolcott, Connecticut, said Monday it has agreed to settle a federal lawsuit filed after it failed to allow a group home for mentally disabled adults to open in a residential neighborhood. The U.S. Justice Department said the …
Wed, 08 Dec 2021 14:28:59 +0000
Filhet-Allard Maritime, the France-based insurance broker for the commodities trading, shipping and industrial markets, has acquired a controlling stake in Latitude Brokers, a specialist marine broker based in Asia with headquarters in Hong Kong. The a...
Wed, 08 Dec 2021 14:28:02 +0000
A former executive and owner of a pharmaceutical company embezzled millions of dollars from his company to use for personal expenses, the U.S. attorney’s charged in a criminal complaint released Monday. John Klein allegedly took about $3.9 million from...
Wed, 08 Dec 2021 14:22:18 +0000
A Maryland home was accidentally burned to the ground by an owner trying to get rid of a snake infestation, officials said. The homeowner in Poolesville, a town about 25 miles outside of Washington D.C., was attempting to use smoke …
Wed, 08 Dec 2021 13:40:50 +0000
The chief executive of the world’s largest stock owner says life is about to get a lot harder for companies that fail environmental, social and governance tests set by institutional investors. Nicolai Tangen, who runs Norges Bank Investment Management ...
Wed, 08 Dec 2021 13:30:49 +0000
Independent personal lines insurance agency, Goosehead Insurance Inc., has enter into the life insurance space through an alliance with insurtech Ethos Life (Ethos). The company announced today that through Goosehead’s Digital Agent Platform, clients c...
Wed, 08 Dec 2021 13:14:35 +0000
Automaker Stellantis rolled out its software strategy on Tuesday including a 2030 target of 20 billion euros ($22.5 billion) in annual revenue from related products and subscriptions as it takes aim at rival Tesla. CEO Carlos Tavares said the world’s …
Wed, 08 Dec 2021 13:00:06 +0000
The year is coming to an end and cyber insurers as well as their clients may be reflecting on lessons learned from this year’s biggest threats. However, Kurt Suhs, founder and CEO of cyber risk company Cyber Special Ops, says …
Wed, 08 Dec 2021 12:59:38 +0000
French carmaker Renault on Wednesday received a blow for its popular Zoe electric model, as the European New Car Assessment Programme (NCAP) gave it a zero-star safety rating in tests that are standards for Europe. The carmaker, which is cutting …
Wed, 08 Dec 2021 12:26:14 +0000
Howden, the London-based international insurance broker, announced that further to its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful specialist. Howden Takaful Brokers’ t...
Wed, 08 Dec 2021 08:28:46 +0000
BRP Group, Inc. announced that Millennial Specialty Insurance, LLC, an indirect subsidiary of BRP Group, has acquired substantially all of the assets of Arcana Insurance Services, LP , a Dallas, Texas-based national insurance agency and program adminis...
Wed, 08 Dec 2021 06:39:24 +0000
A state panel agreed Monday to spend nearly $2 million to settle two federal lawsuits brought against the University of Iowa in 2017 after a religious group denied a gay student a leadership role. The Iowa State Appeal Board, made …
Wed, 08 Dec 2021 06:20:11 +0000
A nurse who injured herself while trying to move a 350-pound patient is owed workers’ compensation benefits, the North Carolina Court of Appeals decided in an opinion posted Tuesday. That may seem like an obvious conclusion to some, given the …
Wed, 08 Dec 2021 06:18:22 +0000
Buckle, a technology-based financial services company, has entered into a managing general agency agreement with Amwins Specialty Auto to place non-standard automobile insurance for gig workers in Florida. Gateway Insurance will be the admitted carrier...
Wed, 08 Dec 2021 06:05:25 +0000
Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner, which claimed it was owed half of a cryptocurrency fortune worth tens …
Wed, 08 Dec 2021 06:00:58 +0000
Big Tech platforms Meta Platforms Inc, formerly known as Facebook, and Google have been hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating monopolies and abusing their power. Below is …
Wed, 08 Dec 2021 00:37:14 +0000
Arthur J. Gallagher & Co. will pay $40,000 to settle an employment discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission. The EEOC charged that Arthur J. Gallagher violated federal anti-discrimination laws when it fired a c...
Tue, 07 Dec 2021 19:30:11 +0000
BE Group, an investor group fronted by former financial services dealmakers, is exploring the feasibility of a fresh pursuit of Belgian insurer Ageas after a previous attempt was rebuffed, people familiar with the matter said. The consortium has been s...