News Center
News – Insurance Journal
Court Orders Chubb Subsidiary to Pay for Merchandise Lost in Warehouse Bankruptcy
Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it, filed for bankruptcy, sold the goods and pocketed the proceeds. A …
POSTED APRIL 14, 2021 12:49 PM |
Insuring Cyber Podcast: What the ‘New Normal’ Means for Cyber Insurers, Coverage
More than a year has passed since pandemic-related government restrictions began, causing many businesses around the world to shift their workforce to remote. With increased reliance on technology, new work environments and greater use of at-home devices and networks in …
POSTED APRIL 14, 2021 12:00 PM |
Xenia Broking to Acquire UK-Based Credit Insurance Alliance (Brokers)
Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit Insurance Alliance (Brokers) Ltd. (CIA). An independent trade credit insurance broker based in the West Midlands, England, CIA specializes in …
POSTED APRIL 14, 2021 11:42 AM |
EU Antitrust Regulators Extend Deadline to July 27 for Decision on Aon-Willis Deal
BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year …
POSTED APRIL 14, 2021 11:01 AM |
Russia Vulnerable to Climate Change, Causing Expensive Natural Disasters
The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to negative 60 degrees Celsius (-76 Fahrenheit) last January, even they had to submit to the elements. “Please stay at home …
POSTED APRIL 14, 2021 7:39 AM |
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.
New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative reforms to address the litigation issue they blame for fueling the …
POSTED APRIL 14, 2021 7:17 AM |
7 European Countries Commit to Halt Export Finance for Fossil Fuel Projects
Seven European countries, including Germany, France and Britain, will commit on Wednesday to stop public export guarantees for fossil fuel projects, French Finance Minister Bruno Le Maire said on Tuesday. Coal, oil and gas infrastructure have traditionally made up a …
POSTED APRIL 14, 2021 6:49 AM |
Allstate Sees Surge in Demand for Pay-Per-Mile Insurance During COVID Shutdowns
The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise offering, which lets customers pay auto-insurance premiums for just the …
POSTED APRIL 14, 2021 6:29 AM |
Aon’s Concessions to EU May Not Be Enough to Close $30B Willis Deal: Sources
BRUSSELS – Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people familiar with the matter said on Tuesday. Aon is …
POSTED APRIL 14, 2021 5:45 AM |
Texas Supreme Court Sides with Insure on Mold-Related Policy Changes
The Texas Supreme Court on April 9 reversed lower court rulings and found that Farmers Insurance was within its rights when it decided 19 years ago not to renew homeowners’ policies that it feared would have forced it to cover …
POSTED APRIL 14, 2021 5:36 AM |
West News – Insurance Journal
Hub Acquires Assets of Wyoming Financial Insurance
Hub International Ltd. has acquired the assets of Wyoming Financial Insurance. Terms of the deal were not disclosed. Art Hansen, president of Wyoming Financial, Mike Kretzer, CFO, and Bob Moberly, CEO, will not be joining HUB. The rest of the …
POSTED APRIL 14, 2021 5:00 AM |
Proposal Allowing ATVs On Alaska Roads Draws Safety Concerns
A proposal by Alaska Gov. Mike Dunleavy’s administration to allow off-road vehicles on Alaska roads has raised safety concerns and enforcement questions. Currently, state law only allows people to drive off-road vehicles across roads and not on roads. The proposed …
POSTED APRIL 13, 2021 7:51 PM |
Former Employee in Oregon City Intends to Sue Following Firing
A former Coquille city, Ore., employee has informed the city she plans to sue for whistleblower retaliation and a failure to provide due process during the course of her firing. Former city recorder Jennifer Rose filed a notice with the …
POSTED APRIL 13, 2021 2:49 PM |
MS Amlin Acquiring International Transportation Marine Office in Arizona
MS Amlin is acquiring managing general agency International Transportation and Marine Office and its associated subsidiaries. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals. Terms were not disclosed. The primary subsidiary, International …
POSTED APRIL 13, 2021 5:00 AM |
Church Official Warns of Financial Flood from Clergy Sex Abuse Claims
A top official with the Archdiocese of Santa Fe says a financial flood from clergy sex abuse claims is coming and a settlement would serve as the dam to prevent devastation to parishes across northern New Mexico. A letter from …
POSTED APRIL 12, 2021 8:24 PM |
La Niña Is Fading But California, Gulf Coast Still Face Risks
La Niña, the cooling of the equatorial Pacific that shifts weather patterns the world over, is fading away. But California may still be prone to dryness, and the U.S. Gulf Coast faces the risk of another busy hurricane season. Water …
POSTED APRIL 12, 2021 8:23 PM |
Unlicensed California Agent Sentenced After Stealing $450K in Premiums
Ai Ling Lee, 61, an unlicensed insurance agent living Hacienda Heights, was convicted of nine felony counts of grand theft after reportedly stealing nearly half-a-million dollars of her small business clients’ insurance premium payments. An investigation by the California Department …
POSTED APRIL 12, 2021 8:15 PM |
$29.5M Award for Nevada Family in Allergic Reaction Case
A jury has awarded $29.5 million to the family of a woman who was left brain damaged after being treated for a severe allergic reaction by an ambulance service in Las Vegas in 2013. Then-27-year-old Chantel Giacalone went into anaphylactic …
POSTED APRIL 12, 2021 2:47 PM |
4 Washington Students Hurt in Bus Crash Awarded $1.4M
A jury has awarded four former marching band students at the University of Washington more than $1.4 million after they were injured in a bus crash on their way to a football competition with rival Washington State University. Students Alexia …
POSTED APRIL 12, 2021 2:45 PM |
California County Agrees to Pay $3.5M in 2018 Jail Death Case
San Diego County will pay $3.5 million to settle a lawsuit brought by the family of a mentally ill man who died after deputies tried to forcefully remove him from a jail holding cell, a newspaper reported. The Union-Tribune said …
POSTED APRIL 12, 2021 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Premier Group Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|