Insurance Journal
The Clear Group, the London-based independent insurance broker, announced the acquisition of A-One Insurance Group (A-One), a major commercial insurance broker in the south of England. Financial details of the transaction were not disclosed. Clear sa...
Posted: Oct 31, 2024
A lawyer for a Missouri mother on Wednesday asked a jury to make Abbott ABT.N and Reckitt’s RKT.L Mead Johnson pay a total of more than $6 billion in the latest trial over claims that the companies’ formulas for premature …
Posted: Oct 31, 2024
A recent Supreme Court decision doesn’t mean New York can’t enforce laws banning firearms from “sensitive” places such as public transportation, hospitals and schools, a federal appeals court said last week, repeating findings...
Posted: Oct 31, 2024
Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million. Results were in comparison to a net loss of $61.5 during the same quarter and a loss of $194.5 as …
Posted: Oct 31, 2024
An administrative law judge has ordered a Rochester, New York commercial roofing company to pay $16,782 in penalties for safety violations, after an investigation and litigation by the federal government. The company, Elmer W. Davis Inc., had contest...
Posted: Oct 31, 2024
Just two days before Halloween, The Hershey Co. was hit with a class action lawsuit alleging that the packaging of some of its candies contains unsafe levels of chemicals known as fluorine and/or per- and polyfluoroalkyl substances (PFAS). The suit &...
Posted: Oct 31, 2024
Exactech Inc., a maker of joint-replacement implants owned by TPG Capital, has filed bankruptcy after being accused in more than a thousand lawsuits of making defective hip and knee implants that hurt patients. The Florida-based company sought court...
Posted: Oct 31, 2024
For the first time in the company’s history, Root Inc. recorded a quarterly net income profit. The Columbus, Ohio-based parent company of Root Insurance founded in 2015 recorded third quarter net income of about $23 million compared to a net &#...
Posted: Oct 31, 2024
This edition of International People Moves details appointments at Marsh McLennan Latin America and HDI Global. A summary of these new hires follows here. Rivera Appointed CEO of Marsh McLennan LATAM and Caribbean, Brockman Named Chair Insurance brok...
Posted: Oct 31, 2024
Many U.S. companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend shows the importance investors and regulators now...
Posted: Oct 31, 2024
New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from 9.2% in 2024. The Hochul ̷...
Posted: Oct 31, 2024
Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement process by reducing the numbe...
Posted: Oct 31, 2024
Howden, the London-based insurance intermediary group, announced the launch of Howden Safe+, a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion. Safe+ simplifies the procurement process by reducing the numbe...
Posted: Oct 31, 2024
Typhoon Kong-Rey made landfall in Taiwan packing dangerous winds, with Shanghai bracing for the heaviest November rain burst since 1981 as the large storm tracks toward mainland China. Kong-Rey had maximum sustained winds of 51 meters per second (114...
Posted: Oct 31, 2024
Spain declared three days of mourning as heavy rains killed more than 90 people, in what is already one of the country’s worst-ever natural disasters. The local government of Valencia, the coastal region at the epicenter of the disaster, said &...
Posted: Oct 31, 2024
US-listed Waterdrop Inc. is looking at a secondary listing in Hong Kong as it seeks to expand its insurance business in the financial hub, according to Chief Executive Officer Shen Peng. The online insurance broker, which has overhauled its business...
Posted: Oct 31, 2024
Ted Huntington, a marketing leader with a track record in the insurance, finance, and energy sectors, announced the launch of his new national coaching enterprise, dedicated to helping insurance marketing, communications, public relations, and advert...
Posted: Oct 31, 2024
Ted Huntington announced the launch of a new national coaching enterprise, dedicated to helping insurance marketing, communications, public relations, and advertising professionals elevate their careers. Huntington brings decades of experience and a...
Posted: Oct 31, 2024
The total of insurance agency mergers and acquisitions as of the end of September was down 10% from the same period in 2023, according to investment banking and financial consulting firm OPTIS Partners. OPTIS Partners’ M&A database counted...
Posted: Oct 31, 2024
Aerospace startup Sceye has partnered with NASA and the U.S. Geological Survey to deploy climate management tools to monitor wildfires and storms from the edge of space, the company and the government agencies exclusively told Reuters on Tuesday. Sce...
Posted: Oct 31, 2024
Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance...
Posted: Oct 31, 2024
As a sprawling liability case takes shape following the deadly collapse of Baltimore’s Francis Scott Key Bridge in March, the owner and manager of the container ship Dali are seeking to deflect responsibility and cast blame elsewhere. Attorneys...
Posted: Oct 31, 2024
InterWest Insurance Services acquired McDermott-Costa Insurance Brokers in San Leandro, California. John Johnson and Mike McDermott will remain in leadership roles. InterWest is headquartered in Sacramento. McDermott-Costa Insurance Brokers is an emp...
Posted: Oct 31, 2024
At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said. Motorcyclists have long loved their …
Posted: Oct 31, 2024
Federal investigators say an electrical system malfunctioned, the autopilot quit and some radio communications were disrupted aboard a Frontier Airlines plane shortly before the pilots made a fiery but safe emergency landing in Las Vegas earlier this...
Posted: Oct 31, 2024