Fri, 24 Jun 2022 16:13:05 +0000
An independent insurance agency in Millinocket, Maine has lost three of its carrier partners and continues to face backlash on social media and in its community after posting a racially-charged sign on its door on Monday, the Juneteenth holiday. “Junet...
Fri, 24 Jun 2022 16:12:01 +0000
Insurtechs and insurance companies are “breaking down the wall” that stood between them as competitors in favor of working together to tackle dynamic cyber risk. “We’re all trying to solve the same problem,” said Lori Bailey, chief insurance officer at …
Fri, 24 Jun 2022 16:08:34 +0000
McGriff Insurance Services, a retail insurance broker based in Huntsville, Alabama, has named Bud Curtis vice president and alternative risk business development manager. McGriff, a subsidiary of Truist Insurance Holdings, the sixth largest insurance b...
Fri, 24 Jun 2022 15:49:24 +0000
Acrisure, a fintech company that runs a global insurance broker, announced that it has acquired Columbus, Ohio-based QuickInsured, a tech-centered insurance agency. Acrisure will now have use of QuickInsured’s proprietary digital “sales funnel,” which ...
Fri, 24 Jun 2022 15:40:32 +0000
Walgreens Boots Alliance Inc. agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading shareholders about how rising generic drug prices and reimbursement pressures would hurt its pharmacy business. The prelimi...
Fri, 24 Jun 2022 15:34:09 +0000
Lawmakers have dropped language aimed at making banking services easier for state-authorized marijuana businesses from a bill on US innovation and China competitiveness. The broad House-passed legislation included the SAFE Banking Act, which would proh...
Fri, 24 Jun 2022 15:24:23 +0000
New York’s financial services regulator has fined Carnival Corp. $5 million for violations of the state’s cybersecurity regulations that the state says caused four cyber breaches and the exposure of personal data belonging to its customers, including N...
Fri, 24 Jun 2022 15:23:12 +0000
Citizens Property Insurance Corp. could spend $100 million this year on attorneys who defend claims litigation against the insurer, a significant increase from previous years. The Miami Herald reported that the insurer of last resort’s claims committee...
Fri, 24 Jun 2022 14:28:39 +0000
China’s manufacturing hub of Guangdong raised its flood warning to the highest level due to the worst rains in decades, spurring more evacuations and threatening further supply chain disruptions in an economy reeling from Covid-related lockdowns. Guang...
Fri, 24 Jun 2022 14:28:26 +0000
The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers there are new emerging risks on …
Fri, 24 Jun 2022 14:18:57 +0000
A report from the Insurance Information Institute confirms what many Florida homeowners have suspected: Their insurance premiums are some of the highest in the nation. The annual cost of a Florida homeowners policy this year will jump to $4,231 – …
Fri, 24 Jun 2022 14:13:39 +0000
Crews recovered the body of a man who was buried under piles of grain and debris from a collapsed grain silo in southeastern Iowa on Wednesday. The collapse happened just before 8 a.m. Tuesday at a grain elevator at Yarmouth, …
Fri, 24 Jun 2022 14:11:45 +0000
The owner of seven Louisiana nursing homes who sent more than 800 of his elderly residents to a crowded, ill-equipped warehouse to ride out Hurricane Ida last year was arrested Wednesday on fraud and cruelty charges arising from the squalid …
Fri, 24 Jun 2022 14:07:54 +0000
A Washington state jury on awarded the Lummi Indian tribe $595,000 over the 2017 collapse of a net pen where Atlantic salmon were being raised – an event that elicited fears of damage to wild salmon runs and prompted the …
Fri, 24 Jun 2022 13:32:41 +0000
Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance ministry has proposed scores of changes to...
Fri, 24 Jun 2022 13:13:11 +0000
A safety mandate to reduce or eliminate space between elevator doors and landing doors inside North Carolina vacation cottages and other short-term rentals needs one more affirmative vote to receive final General Assembly approval. The requirement is c...
Fri, 24 Jun 2022 11:49:04 +0000
Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy. The fundraise comes at a time when investors and lawmakers across the globe …
Fri, 24 Jun 2022 11:40:37 +0000
U.S. based global insurance broker Arthur J. Gallagher & Co. reports it has purchased Wexford, Ireland-based INNOVU Group Holding Co. Terms of the transaction were not disclosed. Founded by Ronan Foley in 2018, INNOVU Insurance is a retail insurance br...
Fri, 24 Jun 2022 11:39:34 +0000
Marsh McLennan Creates New Senior Leadership Positions Marsh McLennan announced the appointment of John Jones as chief marketing and communications officer and Pat Hagemann as chief of staff to the chief operating officer. Jones will lead Marsh McLenna...
Fri, 24 Jun 2022 11:18:46 +0000
Hackers looted about $100 million from a so-called cryptocurrency bridge, again exposing a key vulnerability in the digital-asset ecosystem. Blockchain Harmony said in a tweet that the hack of its Horizon bridge, which lets people swap coins between di...
Fri, 24 Jun 2022 08:56:56 +0000
Thomas A. Bradley has stepped into the role of chief executive officer of Argo Group International Holdings Ltd., the Bermuda-based specialty insurer. Bradley, who has served as Argo’s chairman since 2020, has been interim CEO since March 2022 when Kev...
Fri, 24 Jun 2022 08:01:28 +0000
Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in Ukraine, adding to the mounting losses suffered by its farm sector. Rocket strikes on the Ukrainian port city of Mykolayiv …
Fri, 24 Jun 2022 05:42:47 +0000
Homeowners in the US got new guidance to help them defend against increasingly frequent wildfires and associated rising insurance premiums. The Insurance Institute for Business & Home Safety, a research nonprofit funded by insurers, announced it has de...
Fri, 24 Jun 2022 05:26:08 +0000
Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering strategy for companies seeking to dodge billion-dollar lawsuits: the “Texas two-step.” The tactic has made the Jones …
Fri, 24 Jun 2022 05:00:56 +0000
The mother of a man hailed as a hero for killing a gunman who ambushed and fatally shot a police officer only to be killed himself by another officer in suburban Denver filed a lawsuit alleging the officer who shot …
Fri, 24 Jun 2022 05:00:45 +0000
A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an oil pipeline during barrier island restoration work off Louisiana in 2016. Great Lakes Dredge & …
Fri, 24 Jun 2022 05:00:38 +0000
Noguchi & Associates is partnering with ori-gen Agency Insurance Services to launch a Hawaii-based division. The new ori-gen Hawaii division will be led by Noguchi & Associates’ President Mitchell Noguchi. ori-gen will join with the Hawaii-based staff ...
Fri, 24 Jun 2022 05:00:32 +0000
A volunteer firefighter who was injured while fighting a blaze in Pleasanton, Kansas, earlier this week has died, officials said. Joshua Haynes, 35, was injured Monday during a fire at the Carpenter Chiropractor Clinic. He was flown to the University …
Fri, 24 Jun 2022 05:00:19 +0000
The Texas Windstorm Insurance Association announced this week the timeline for its annual rate filing consideration. By law, TWIA must make a rate filing with the Texas Department of Insurance by August 15 each year. TWIA’s Actuarial & Underwriting Com...
Fri, 24 Jun 2022 05:00:08 +0000
A hotel was among several businesses damaged as a fire swept through part of the downtown of a northern Oakland County, Michigan, village. Dozens of firefighters from area departments battled the blaze which started about 4 p.m. Tuesday in Holly, …