Business Insurance
Arthur J. Gallagher and Co. Inc. on Wednesday said it has acquired West Monroe, Illinois-based The Kirksey Agency Inc. in a deal expanding its agricultural expertise.
Posted: Sep 16, 2020
A Brown & Brown Inc. unit has acquired Brookstone Insurance Group LLC, the Daytona Beach, Florida-based brokerage said in a statement Wednesday.
Posted: Sep 16, 2020
Hurricane Sally made landfall on Alabama’s Gulf Coast on Wednesday morning as a Category 2 hurricane, spreading strong winds inland across the region, the latest in what has been a busy season of dangerous storms in the United States.
Posted: Sep 16, 2020
Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to close.
Posted: Sep 16, 2020
Posted: Sep 16, 2020
Brazil-based petrochemical firm Braskem SA expects to pay an additional 3.3 billion Brazilian real ($626 million) in compensation related to the geological damage caused by its former salt mining operation in the state of Alagoas.
Posted: Sep 16, 2020
South Korea has declared five southern and eastern regions, recently battered by typhoons Maysak and Haishen, as special disaster zones.
Posted: Sep 16, 2020
Czech Republic-based railway operator Ceske Drahy posted a loss of nearly 2 billion Czech koruna ($89 million) in the first six months of the year due to the COVID-19 pandemic.
Posted: Sep 16, 2020
The storm that hit New Zealand's Northland region on July 17 and 18 caused $55 million New Zealand ($37 million) worth of damage.
Posted: Sep 16, 2020
Shifts in social attitudes have led to a big bump in the cost of liability claims. Liberty Mutual will walk you through the factors behind this trend – and outline six critical strategies to help counter social inflation.
Posted: Sep 16, 2020
Flu season is fast approaching as the COVID-19 pandemic continues, leaving employers and health care providers alike worrying how they will differentiate between the two and protect their workforce.
Posted: Sep 16, 2020
London-based CFC Underwriting Ltd. said Monday it has introduced an upgraded cyber incident mobile app.
Posted: Sep 15, 2020
Diversity and inclusion in the insurance industry can only be achieved if it is supported by top management, said Black executives during a panel discussion.
Posted: Sep 15, 2020
Ryan Specialty Group LLC on Tuesday named Nick Cortezi as chairman and CEO of RSG Underwriting Managers LLC, succeeding Mike Rice, who plans to retire at the end of 2020.
Posted: Sep 15, 2020
Argo Group International Holdings Ltd. on Tuesday named former Markel Corp. executive David Corry as senior vice president, and head of its environmental business.
Posted: Sep 15, 2020
Another federal court in California on Monday ruled that an insurer does not have to cover business interruption losses for a policyholder that closed its operations due to government-ordered COVID-19 lockdowns.
Posted: Sep 15, 2020
Gov. Phil Murphy, D-New Jersey, on Monday signed into law a bill that provides workers compensation benefits for essential workers who acquire COVID-19.
Posted: Sep 15, 2020
Workers compensation policies with drug-free workplace program credits did not have lower claim frequency than comparable policies without such credits, according to a study released Tuesday by the National Council on Compensation Insurance.
Posted: Sep 15, 2020
Book publisher HarperCollins is suing “Mean Girls” actress Lindsey Lohan, accusing her of failing to write a book contracted with a $365,000 advance.
Posted: Sep 15, 2020
American International Group Inc. on Tuesday named former Guy Carpenter & Co. LLC executive James Nash president and CEO, AIG Japan Holdings KK.
Posted: Sep 15, 2020
Bayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals with the only lawyers who took cases to trial over allegations the herbicide caused cancer.
Posted: Sep 15, 2020
Insureds of insolvent medical malpractice insurer Physicians’ Reciprocal Insurers will now have their new and renewal business written by a new, solvent entity, EmPRO Insurance Co., the company said Monday.
Posted: Sep 15, 2020
Arthur J. Gallagher & Co. on Monday sued rival brokerage Alliant Insurance Services Inc. and its private equity backer in a wide-ranging suit alleging Alliant targeted nearly 40 Gallagher staff and has taken on more than 80 of its clients in an ongoi...
Posted: Sep 15, 2020
The parent of Dunkin' Donuts on Tuesday reached a settlement with New York Attorney General Letitia James to resolve claims it failed to respond to "brute force" cyberattacks that compromised the online accounts of tens of thousands of customers.
Posted: Sep 15, 2020
Gallagher Bassett Services Inc. has launched a claims handling center that focuses on unique transportation exposures, the third-party administrator said in a statement Monday.
Posted: Sep 15, 2020