October 24, 2021

Fri, 22 Oct 2021 19:52:17 +0000
MILAN – Warren Buffett’s Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy’s top insurer a step closer to controlling its …
Fri, 22 Oct 2021 19:36:23 +0000
Oregon’s central administrative agency inadvertently released the COVID-19 vaccination status of more than 40,000 state employees to two media outlets. The Oregonian/OregonLive reported a spreadsheet sent to them and the Statesman Journal was supposed ...
Fri, 22 Oct 2021 19:33:53 +0000
Maricopa County, Ariz., officials approved a settlement this week with a restaurant owner in metro Phoenix who claimed in a lawsuit that then-Sheriff Joe Arpaio’s office had defamed him and violated his rights about seven years ago when investigating w...
Fri, 22 Oct 2021 16:55:01 +0000
The University of North Dakota’s aerospace school has cancelled all flight activities after a student pilot from Chicago died in a plane crash. The University of North Dakota plane went down about 8:30 p.m. on Oct. 18 in a field …
Fri, 22 Oct 2021 16:41:37 +0000
A Louisiana mayor says 300 to 400 commercial buildings damaged last year by Hurricane Laura are being condemned or marked for demolition. Lake Charles Mayor Nic Hunter told the City Council on Wednesday that he realizes business owners have needed …
Fri, 22 Oct 2021 16:20:56 +0000
Texas utility regulators on Oct. 21 approved a rule requiring power companies to better prepare for winter weather — based on recommendations that were made, but never acted upon, a decade ago by experts and federal regulators after a 2011 …
Fri, 22 Oct 2021 16:06:12 +0000
Help for roughly 100,000 teachers whose Social Security numbers were made vulnerable in a massive state data breach could cost Missouri as much as $50 million, the governor’s office confirmed. The estimate includes the cost of credit monitoring and a …
Fri, 22 Oct 2021 14:42:38 +0000
On her family’s first trip since the pandemic began, 6-year-old Wongel Estifanos got on a vertical drop ride at a Colorado amusement park with her uncle, aunt and cousins last month. When the floor pulled away from beneath them, everyone …
Fri, 22 Oct 2021 14:37:11 +0000
Californians rejoiced this week when big drops of water started falling from the sky for the first time in any measurable way since the spring, an annual soaking that heralds the start of the rainy season following some of the …
Fri, 22 Oct 2021 14:33:27 +0000
The Liberty Company Insurance Brokers formed a new managing general agency, Aura Risk Management, providing program administration and a wholesale trading platform for its carriers, Liberty producers, and Aura’s growing national network of select agenc...
Fri, 22 Oct 2021 14:20:33 +0000
NEW DELHI – Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India’s biggest ever IPO, a source familiar with the matter told Reuters on …
Fri, 22 Oct 2021 13:54:58 +0000
Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGA...
Fri, 22 Oct 2021 13:24:24 +0000
Willis Towers Watson Hires Latham to Mid-Atlantic FINEX Commercial Team Willis Towers Watson, a global advisory, broking and solutions company, hired Kenneth Latham to as associate director for the Mid-Atlantic FINEX commercial team. Latham will be res...
Fri, 22 Oct 2021 13:19:37 +0000
The National Council on Compensation Insurance has launched a workers’ compensation learning academy for member carriers. “NCCI affiliates have asked for convenient training and development programs focused on workers compensation insurance,” the counc...
Fri, 22 Oct 2021 13:12:14 +0000
Late last month in New Castle County, Delaware, a grand jury indicted multiple residents for insurance fraud. The indictments stem from Department of Insurance Fraud Prevention Bureau investigations, in partnership with the Delaware Department of Justi...
Fri, 22 Oct 2021 12:58:33 +0000
The Hilb Group acquired Massachusetts-based Forrest Insurance Agency, increasing its property/casualty offerings and presence throughout New England. The transaction became effective October 1, 2021. Agency principals Larry Forrest and Michael Forrest ...
Fri, 22 Oct 2021 12:49:25 +0000
The party bus needs to slow down, Nashville officials decided this week. Nashville’s Metro Council voted 33-3 to approve new regulations for the city’s numerous entertainment vehicles that often loudly cruise down lower Broadway. The Tennessean newspap...
Fri, 22 Oct 2021 12:36:23 +0000
Two lawsuits claim that hundreds of children have been exposed to dangerous lead levels through the drinking water in Mississippi’s capital, a city that has been facing water system problems for years. One lawsuit represents one child, while the other …
Fri, 22 Oct 2021 09:34:02 +0000
This edition of International People Moves details appointments at three insurers: FM Global, Beazley and Rokstone. A summary of these new hires follows here. FM Global Promotes Johnson and Dempsey in Senior EMEA Roles Commercial property insurer FM Gl...
Fri, 22 Oct 2021 08:04:39 +0000
Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax rate, according to Fitch Ratings in a market commentary. ...
Fri, 22 Oct 2021 07:59:11 +0000
Utilization of telemedicine services in the Texas workers’ compensation rose dramatically during the height of the COVID-19 pandemic, according to a recently published report from the Texas Department of Insurance (TDI). The report, “Evaluation of Tele...
Fri, 22 Oct 2021 07:25:23 +0000
Insurance broker Aon and cyber security specialist Cybereason announced an alliance to help protect clients from sophisticated cyber attacks. Cybereason’s Cyber Defence Platform, together with Aon’s Cyber Solutions, will enable clients to better preven...
Fri, 22 Oct 2021 07:00:19 +0000
DOHA – Employers in Qatar will be required to provide health insurance coverage for expatriates and their families under a new law issued by the emir this week, a senior Qatari official said on Thursday. The huge number of foreign …
Fri, 22 Oct 2021 07:00:01 +0000
Guidewire Guides Insurers to Insurtechs Guidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program will highlight insurtechs tha...
Fri, 22 Oct 2021 05:49:13 +0000
After adding 85 employees in the last three years, trucking insurer Canal Insurance will move to a new headquarters in downtown Greenville, South Carolina. The company, which specializes in commercial trucking and other specialty transportation insuran...
Fri, 22 Oct 2021 05:30:24 +0000
VENICE, Italy (AP) – After Venice suffered the second-worst flood in its history in November 2019, it was inundated with four more exceptional tides within six weeks, shocking Venetians and triggering fears about the worsening impact of climate chang...
Fri, 22 Oct 2021 05:30:08 +0000
Bermuda-based Mosaic Insurance has extended its war, terrorism and political violence coverage to offer up to $600 million per risk. The increased capacity allows the company to serve clients via domestic U.S. or Bermuda markets through underwriting te...
Fri, 22 Oct 2021 05:19:06 +0000
The Florida Legislature’s recent efforts to curtail assignments-of-benefits abuse and excessive claims litigation may be having an impact, according to a new report from a lawsuit-tracking firm. CaseGlide, a litigation management software company that ...
Fri, 22 Oct 2021 05:16:44 +0000
Grief Inc., an international manufacturing company based in Delaware, Ohio, and American Flange, its wholly-owned subsidiary operating in the western suburbs of Chicago, violated federal law when they fired an employee and refused to excuse his disabil...
Fri, 22 Oct 2021 05:00:41 +0000
Months before putting one of its units into bankruptcy, Johnson & Johnson offered $4 billion to settle with victims of its talc-based powder — twice the amount it’s now proposing to pay through a forced resolution, according to people familiar …