Insurance Journal
Assicurazioni Generali SpA will return €500 million [$541.4 million] to shareholders, following acquisitions last year that are set to boost its non-life and asset management businesses. The share buyback plan will be submitted for shareholder approv...
Posted: Jan 30, 2024
There has been a somewhat return to normal when it comes to insurance-agency mergers and acquisitions, with traditionally active buyers preferring to remain inactive to focus on integration of agencies they’ve already acquired. According to the...
Posted: Jan 30, 2024
Crypto companies based outside the EU will only be able to directly serve customers within the bloc under very limited conditions to avoid unfair competition, the European Securities and Markets Authority (ESMA) proposed on Monday. The EU approved th...
Posted: Jan 30, 2024
MACEDONIA, Ohio (AP) — Environmental officials in Ohio were back on the scene Sunday of a fiery tanker truck crash, working to contain thousands of gallons (liters) of diesel fuel that spilled during the accident. The truck that crashed Saturday R...
Posted: Jan 30, 2024
Financial firms in the European Union look set to be hit by a new ESG requirement that they lobbied hard to avoid. The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers …
Posted: Jan 30, 2024
Despite a “significant slowdown” in job growth in 2023, a new National Council on Compensation Insurance briefing shared that “wage growth will likely continue to drive workers compensation payroll growth throughout 2024.” ...
Posted: Jan 30, 2024
Dutch health technology company Philips will not sell new devices to treat sleep apnea in the U.S. in the coming years as it works to comply with a settlement with the Food and Drug Administration (FDA) announced on Monday. The …
Posted: Jan 30, 2024
Grocery chain Trader Joe’s is joining Elon Musk’s SpaceX in arguing that the US labor board, which is prosecuting cases against both companies, is unconstitutional. At a Jan. 16 National Labor Relations Board hearing in Connecticut, an at...
Posted: Jan 30, 2024
Three Miami-area construction labor suppliers have been charged with underreporting payroll and shorting their workers’ compensation insurers more than $220,000 in premiums. Juana Ledezma and Luis Ledezma, associated with Superior Group Managem...
Posted: Jan 30, 2024
San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reports that its expanded authorities come after a strong year of growth, with fewer...
Posted: Jan 30, 2024
A woman and five children have died in a fire at a home in a small northwest Alaska village, Alaska State Troopers said. The remains of the six have been recovered from the home in Noorvik, an Inupiat community of …
Posted: Jan 30, 2024
San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reported that its expanded authorities come after a strong year of growth, with fewe...
Posted: Jan 30, 2024
Since catastrophic flooding hit Vermont in July and waterlogged crops, some farmers are trying to figure out how to get through the next season. Water washed away seeds planted in the summer at Bear Roots Farm, which grows about 20 …
Posted: Jan 30, 2024
Longtime National Rifle Association chief Wayne LaPierre took the stand in his New York civil trial Friday, defending himself against allegations that he violated the trust of the group’s 5 million members by spending tens of millions of dollar...
Posted: Jan 30, 2024
The last of the 100 known victims of the wildfire that destroyed Maui’s historic town of Lahaina in August was identified as a 70-year-old woman whose husband, sister and several other relatives also died in the fire. Maui police said …
Posted: Jan 30, 2024
NEW LONDON, Conn. (AP) — An historic Connecticut church’s soaring steeple and roof collapsed on Thursday, leaving a gaping hole in the top of the building and the front reduced to a heap of rubble. No deaths or injuries were …
Posted: Jan 30, 2024
DENVER, Colorado – Jan. 30, 2024 — Pathpoint and AgentSync have partnered to deliver a better agent and client experience by accelerating Pathpoint’s average time-to-bind with automated policy infrastructure. Pathpoint, the modern wholesaler wh...
Posted: Jan 30, 2024
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Terms of the transaction were...
Posted: Jan 29, 2024
A fast-moving atmospheric river coming off the Pacific Ocean will drench northern and central California on Wednesday and then head for the the southern half of the state. Northwest California will likely get the worst of the storm, with as …
Posted: Jan 29, 2024
Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility, designed by Howden and led by...
Posted: Jan 29, 2024
BevCap Management, a provider of risk management solutions, announced the promotion of Matthew Bossier, ARM to the position of President, Property & Casualty. In his new role, Bossier will be responsible for leading and overseeing the strategic d...
Posted: Jan 29, 2024
When the COVID-19 virus spread across the country three years ago, dozens of state legislatures approved statutes that granted health care providers immunity from legal actions brought by people who claimed to have been injured by COVID treatments. &...
Posted: Jan 29, 2024
When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods...
Posted: Jan 29, 2024
It’s the final two days to take this year’s Agency Salary Survey. ALL retail agency owners, principals, producers, CSRs — the entire agency — should participate and be a part of the industry’s favorite salary survey. The survey take...
Posted: Jan 29, 2024
The White House artificial intelligence council is meeting Monday, three months after President Joe Biden signed an executive order that aims to reduce the risks AI poses. White House Deputy Chief of Staff Bruce Reed, who will convene the council ...
Posted: Jan 29, 2024