Insurance Journal
Arthur J. Gallagher & Co. acquired Scottsdale, Arizona-based The Coverage Pro. As part of the transaction Gallagher will also acquire The Coverage Pro’s affiliated company General Southwest Insurance Agency, based in Phoenix. Jeff LaScala,...
Posted: Oct 10, 2023
An Oklahoma construction contractor entered into a deferred prosecution agreement and agreed to pay $370,680 in criminal and civil penalties to avoid federal prosecution on one count of ignoring federal safety regulations that resulted in a worker fa...
Posted: Oct 10, 2023
The second trial for former insurance mogul Greg Lindberg, accused of attempting to bribe the North Carolina insurance commissioner, could be delayed, thanks to a co-defendant’s legal representation issues. Lindberg, who created a complex web o...
Posted: Oct 06, 2023
ATLANTA (AP) — The city of Atlanta will pay $3.75 million to the family of a Nebraska man who died after police handcuffed him face down. The City Council approved the settlement Monday, The Atlanta Journal-Constitution reported, after the Fult...
Posted: Oct 06, 2023
A communications platform called “fuse” has been launched for the global commercial insurance and reinsurance industry. Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers a web-based platform to con...
Posted: Oct 06, 2023
A Tesla engineer in court on Wednesday rejected a lawyer’s suggestion that the company named its driver-assistant feature “Full Self-Driving” because it wanted people to believe that its systems had more abilities than was really th...
Posted: Oct 06, 2023
This edition of International People Moves details appointments at Aon plc, Markel and Arch Capital’s Global Mortgage Group. A summary of these new hires follows here. Aon Promotes Solano, Diaz as Brazil and Peru Reinsurance Leaders Insurance b...
Posted: Oct 06, 2023
Jaipuriyar and Kotlyar Join MEMIC IT Team MEMIC, headquartered in Portland, Maine, has named two new information technology leaders. The company appointed Ruchir Jaipuriyar as vice president of information technology. Jaipuriyar most recently served...
Posted: Oct 06, 2023
Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its acquisition by Aon plc. Financial details of the deal, which is subject to regulatory approval, were...
Posted: Oct 06, 2023
Brazilian labor prosecutors have requested a court order to ban the use of atrazine, which is present in 5% of pesticides sold in the country, the prosecutors said on Thursday. National health regulator Anvisa, which would be forced to cancel …
Posted: Oct 06, 2023
This year is on track to become the hottest since at least 1940, the European Union’s Copernicus Climate Change Service said on Thursday. Scientists have said climate change, combined with this year’s El Nino weather pattern that warms su...
Posted: Oct 06, 2023
Typhoon Koinu strengthened as the storm headed across the South China Sea toward Hong Kong, contrary to earlier expectations by most meteorologists who had predicted it would weaken. At 5 p.m. Hong Kong time, Koinu had maximum sustained winds of R...
Posted: Oct 06, 2023
Hong Kong said it will elevate its storm warning as Typhoon Koinu approaches bringing potentially heavy rain and strong winds to the finance hub. The city’s observatory will issue its second-lowest storm No. 3 signal at 5:40 p.m. on Friday. ...
Posted: Oct 06, 2023
Germany plans to supply additional air defenses for Ukraine to help protect grain shipments from potential Russian attacks, according to people familiar with the matter. Berlin will send one extra IRIS-T air defense system and more than a dozen Gepar...
Posted: Oct 06, 2023
If China attempts to cut Taiwan off from the world by severing more than a dozen undersea cables that connect it to the internet, large numbers of fast-moving low Earth orbit satellites will be critical to maintaining communications. In June, …
Posted: Oct 06, 2023
Pellegrini Appointed Marsh Specialty Leader for US and Canada Broker Marsh said it promoted Michael Pellegrini to head of Marsh Specialty in the US and Canada. Effective immediately, Pellegrini will oversee Marsh’s aviation, construction, credi...
Posted: Oct 06, 2023
A national study by the Workers’ Compensation Research Institute found that 6% of workers who filed claims for COVID-19 suffered long COVID, meaning they sought additional treatment more than a month after the initial infection. WCRI’s es...
Posted: Oct 06, 2023
U.S. National Highway Traffic Safety Administration (NHTSA) officials on Oct. 5 told a public hearing that the government should require the recall of 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive becaus...
Posted: Oct 06, 2023
A few years back, Joseph Stramondo was a last-minute replacement as a conference speaker in Salt Lake City. He went online and made a reservation for a room accessible for people with disabilities. “I figured, ‘OK, I should be set,'”...
Posted: Oct 06, 2023
Workers’ compensation rates have shrunk to such a low level in Florida, at least for some classifications, that they are causing problems and could be masking issues that will lead to higher premiums in coming years, Florida roofing contractors...
Posted: Oct 06, 2023
Eric Ramos has joined Alliant Insurance Services, headquartered in Irvine, Calif., as senior vice president with Tribal First, a division of Alliant underwriting solutions. Tribal First is a specialized program focused on meeting the insurance and ri...
Posted: Oct 06, 2023
A 13-count indictment was unsealed today charging two pharmacists and a physician for their roles in a multimillion-dollar healthcare fraud, kickback and money laundering scheme. A federal grand jury in Houston returned the 13-count indictment Sept....
Posted: Oct 06, 2023
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a” (Excellent) of Dover Bay Specialty Insurance Company...
Posted: Oct 06, 2023
The city of Seattle will pay $1.86 million to the family of a man who died of a heart attack after a caution note attached to his address delayed medics’ response. William Yurek, 48, died in his town house in …
Posted: Oct 06, 2023
MGM Resorts International said on Thursday a cyberattack last month that disrupted its operations would cause a $100 million hit to its third-quarter results, as it works to restore its systems. One of the world’s largest gambling firms, MGM sh...
Posted: Oct 06, 2023