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USI Insurance Services announced the acquisition of Odessa, Texas-based Hignojos Insurance Agency. Founded in 2009, Hignojos Insurance Agency is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of t...
Posted: May 06, 2024
Navigating the complexities of insuring billion-dollar 'mega projects' in the construction industry, Adrian Pellen of NFP shares insights on leveraging data, technology, and innovative insurance products to manage risk. The post
Posted: May 06, 2024
CelsiusPro’s Global Parametrics team, in collaboration with Mahila Housing Trust, Howden Insurance Brokers Limited, and Go Digit General Insurance, has introduced a pioneering climate risk insurance (CRI) product providing financial protection for...
Posted: May 06, 2024
This benefit is not yet available in the state of Washington.
Posted: May 06, 2024
Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the inter...
Posted: May 06, 2024
Major oil companies, such as Exxon Mobil and Shell, that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said …
Posted: May 06, 2024
Despite a drop in overall insurtech funding to $912 million, its lowest since Q1 2020, early-stage funding and AI-centered insurtechs are attracting investment, Gallagher Re observed. The post
Posted: May 06, 2024
Starting in January, Georgia’s first responders will be eligible for limited, supplemental benefits to help cover treatment for post-traumatic stress disorder, after Gov. Brian Kemp signed House Bill 451 into law. The law requires municipalitie...
Posted: May 06, 2024
The US Securities and Exchange Commission warned Robinhood Markets Inc. that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets. Robinhood,...
Posted: May 06, 2024
Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7 billion and $1.9 billion, a state transportation official said Thursday. The state plans to build a new span by fall …
Posted: May 06, 2024
Buffett Praises Successors, Lauds Apple Despite Lowering...
Posted: May 06, 2024
Extreme Weather Is Driving More U.S. Power Outages, Studies Show For deca...
Posted: May 06, 2024
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech Ber...
Posted: May 06, 2024
GULFPORT, Miss. (AP) — A Mississippi city council member pleaded guilty to federal charges after running a multimillion-dollar illegal drug business, prosecutors said last week. Biloxi City Council member Robert Leon Deming, III, 47, reached a plea a...
Posted: May 06, 2024
Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between Asia and Europe by up to 20% in the second quarter. Maersk and other shipping companies have diverted vessels a...
Posted: May 06, 2024
CHARLOTTE, N.C. (AP) — Investigators found disconnected and missing hardware aboard a helicopter that crashed in 2022, killing the pilot and a North Carolina television station’s meteorologist, according to the National Transportation Safety Bo...
Posted: May 06, 2024
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not disclosed. HICA is a specialist health...
Posted: May 06, 2024
This edition of International People Moves details appointments at AXA XL and Generali Global Corporate & Commercial (GC&C). A summary of these new hires follows here. AXA XL Promotes O’Malley as Chief Client & Distribution Officer,...
Posted: May 06, 2024
Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance operations topping any prior first qu...
Posted: May 06, 2024
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway’s head of insurance operations said aggregation and loss costs have kept the company away from the risk for the most part. Yes, profitab...
Posted: May 06, 2024
HDI Global Insurance Company, the US subsidiary of international commercial insurer HDI Global SE (HDI), has announced the promotion of Marco Hensel to Chief Underwriting Officer (CUO), and the appointment of Santiago Treviño as Chief Strategy Off...
Posted: May 06, 2024
Delos Insurance Solutions plans to offer wildfire insurance to more California policyholders with vacant properties. Delos is expanding coverage availability through a partnership with certain underwriters at Lloyd’s of London. San Francisco, C...
Posted: May 06, 2024
Insurance Business Magazine - US
Posted: May 06, 2024
Massachusetts has become the latest front in a years-long battle in the United States over whether ride-share drivers for Uber and Lyft should be treated as independent contractors or employees entitled to benefits and wage protections. The stateR...
Posted: May 06, 2024
Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday. The statement did not include Minas Gerais state, R...
Posted: May 06, 2024
Fenchurch Law, a City of London law firm specialising in insurance coverage disputes, has announced the appointment of Joanna Grant as Managing Partner, making Fenchurch Law one of the few female-led law firms in the UK. David Pryce, founder and f...
Posted: May 06, 2024
ePay believes more insurance customers will choose “Buy Now, Pay Later” financing with more convenient access to established premium financing companies Three premium finance companies have partnered with ePayPolicy as part of the ongoing...
Posted: May 06, 2024
Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state civil defense agency said Friday, as record-breaking floods devastated cities and forced thousands to leave their homes. It &#...
Posted: May 06, 2024
Drugmakers GSK Plc and Boehringer Ingelheim GmbH prioritized profits over consumer safety by hiding the cancer risks of their once-blockbuster heartburn drug Zantac, according to lawyers representing a Chicago woman in the first of thousands of such...
Posted: May 06, 2024
President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise workers and requiring them R...
Posted: May 06, 2024
Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration of benefits. Employers and insurers in Florida saw a 7% increase in total cost per workers’ compensation claim in 2022 …
Posted: May 06, 2024
Savage River Lodge and Little Crossings will pay $150,000 and furnish equitable relief to settle federal charges that they discriminated against an employee because of her pregnancy and then fired her. The Frostburg, Maryland businesses, part of Fron...
Posted: May 06, 2024
Savage River Lodge and Little Crossings will pay $150,000 and furnish equitable relief to settle federal charges that they discriminated against an employee because of her pregnancy and then fired her. The Frostburg, Maryland businesses, part of Fron...
Posted: May 06, 2024
Hub International Ltd. acquired Merriwether & Williams Insurance Services Inc. Merriwether & Williams has locations in San Francisco and Los Angeles, California, The firm provides contractor development abd bonding programs, aligned risk mana...
Posted: May 06, 2024
It’s now illegal to sell weight-loss and muscle-building supplements to minors in New York, under a first-in-the-nation law that went into effect this week. Experts say loose federal regulation of dietary supplements has resulted in these produ...
Posted: May 06, 2024
The first quarter of the year saw the sixth straight quarterly increase (.7%) in overall registrations in California in the first quarter from the same period last year, while the state’s love affair with Tesla’s may be getting old, the &...
Posted: May 06, 2024
Inszone Insurance Services acquired Tri-Cities Insurance Professionals LLC, a multi-member managed broker agency in Pasco, Washington. Tri-Cities Insurance Professionals was founded by Craig Baumgartner, Gerald Tobias, Darwin Walter, and Jorge Torres...
Posted: May 06, 2024
A federal appeals court panel last week rejected a long-running lawsuit brought by young Oregon-based climate activists who argued that the U.S. government’s role in climate change violated their constitutional rights. The 9th U.S. Circuit Cour...
Posted: May 06, 2024
A federal appeals court panel last week rejected a long-running lawsuit brought by young Oregon-based climate activists who argued that the U.S. government’s role in climate change violated their constitutional rights. The 9th U.S. Circuit Cour...
Posted: May 06, 2024