Business Insurance
A private investment firm said Tuesday it has recapitalized broker Patriot Growth Insurance Services LLC.
Posted: Sep 21, 2021
Willis Towers Watson has filed suit against Marsh LLC in state court in Chicago in connection with the poaching of 25 employees.
Posted: Sep 21, 2021
San Jose University in San Jose, California, will pay $1.6 million to settle federal charges it failed to adequately respond to reports of sexual harassment, including sexual assault, against its female students by a university athletic trainer.
Posted: Sep 21, 2021
A federal court on Tuesday granted a preliminary injunction in favor of a captive management company that alleged the IRS was overstepping its authority in imposing a reporting requirement on microcaptives without first submitting it for congressiona...
Posted: Sep 21, 2021
Patrick G. Ryan, founder chairman and CEO of Ryan Specialty Group, and Timothy W. Turner, president of the specialty intermediary, discuss the company's recent IPO and the state of the excess and surplus lines market.
Posted: Sep 21, 2021
An indoor plant subscription company says it wants you to “build a sustainable long-term relationship” with your houseplants and that its commitment to those of us who worry that our new green friends might not make it past a season now comes with in...
Posted: Sep 21, 2021
HDI Global Insurance Co. said Tuesday it had named former Axis Capital Holdings Ltd. executive David Sapia director of liability underwriting, a newly created position.
Posted: Sep 21, 2021
Facebook Inc. said on Tuesday it has invested more than $13 billion in safety and security measures since 2016, days after a newspaper reported the company had failed to fix “the platform’s ill effects” researchers had identified.
Posted: Sep 21, 2021
Video game publisher Activision Blizzard said on Tuesday that it continues to work with regulators on addressing and resolving the workplace complaints it has received.
Posted: Sep 21, 2021
Karen Clark & Co. on Tuesday released a high-resolution U.S. wildfire model that accounts for the impacts of climate change and provides a view of future loss potential.
Posted: Sep 21, 2021
H.W. Kaufman Group Inc. said Tuesday it has expanded into South America by acquiring Santiago, Chile-based specialty brokerage Prospect Brokers Chile.
Posted: Sep 21, 2021
The Biden administration on Monday announced enhanced and expanded measures by the Occupational Safety and Health Administration to combat hazards associated with extreme heat exposure faced by workers indoors and outdoors.
Posted: Sep 21, 2021
Boston-based consultancy Xceedance Inc. said Tuesday it has launched Xceedance Claims TPA for insurers.
Posted: Sep 21, 2021
Nigeria-based African Reinsurance Corp.’s net profit increased 27% year-on-year to $23.7 million in the first half of the year, driven by improved underwriting and investment performance.
Posted: Sep 21, 2021
Arthur J. Gallagher & Co. said Tuesday it has acquired Bastrop, Louisiana-based Files Agribusiness LLC.
Posted: Sep 21, 2021
The Risk & Insurance Management Society Inc. said Tuesday it will require anyone wishing to attend a RIMS in-person event to show proof they have been vaccinated against COVID-19.
Posted: Sep 21, 2021
Sawmills, which saw demand for their products surge during the pandemic as DIY projects increased, are facing their own supply and demand issues in insurance.
Posted: Sep 21, 2021
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the receiver's lawyers said Monday.
Posted: Sep 21, 2021
Directors and officers liability rate hikes continue to decelerate, while new facilities are providing needed capacity and competition, says a report issued Tuesday.
Posted: Sep 21, 2021
Reinsurer MS Amlin AG said Tuesday that Robert Wiest, former chief operating officer of reinsurance at Swiss Re Ltd., will join the company as CEO.
Posted: Sep 21, 2021
Bermuda-based specialty reinsurer Convex Group Ltd. has opened a new European subsidiary in Luxembourg that will help Convex grow its presence in Europe.
Posted: Sep 21, 2021
Data from the Central Bank of the Russia Federation showed that local insurers’ aggregate gross written premiums increased 21% year-on-year to Russian rubles ($12.2 billion) in the first half of the 2021.
Posted: Sep 21, 2021
Bermuda-based insurer Sompo International Holdings Ltd. has agreed to acquire Italy-based agriculture insurance specialist Assicurazioni Rischi Agricoli VMG 1857 SpA.
Posted: Sep 21, 2021
A Hartford Financial Services Group Inc. unit must defend a masonry company in construction defect litigation, says a federal district court, in granting the company partial summary judgments in the case.
Posted: Sep 20, 2021
Iowa-based farm services provider NEW Cooperative Inc. said on Monday its systems were offline to contain a “cybersecurity” incident just as the U.S. farm belt gears up for harvest.
Posted: Sep 20, 2021