January 27, 2022

Thu, 27 Jan 2022 18:44:34 +0000
An insurer group is unhappy with new legislation to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil fuel-related companies and projects being underwritten. Assembly Bill ...
Thu, 27 Jan 2022 17:37:42 +0000
The Environmental Protection Agency is taking a series of enforcement actions to address air pollution, unsafe drinking water and other problems afflicting minority communities in three Gulf Coast states, following a “Journey to Justice” tour by Admini...
Thu, 27 Jan 2022 17:33:52 +0000
A courthouse in north Louisiana will be closed indefinitely so that repairs can be made to the building’s main power distribution system. Crews are assessing damage to the Caddo Parish Courthouse’s power grid that happened during maintenance on Jan. 23 …
Thu, 27 Jan 2022 17:16:28 +0000
The Missouri Department of Insurance announced that consumers received nearly $25 million from their insurance companies in 2021 thanks to the services provided by the department’s Consumer Affairs Division and Market Regulation Division. The revenues ...
Thu, 27 Jan 2022 17:11:31 +0000
Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. Exclusive coverages within the program include E&O insuranc...
Thu, 27 Jan 2022 17:06:00 +0000
Digital home insurance company Kin Insurance, Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The parties cited “current unfavorable market conditions”...
Thu, 27 Jan 2022 16:44:15 +0000
Vermont businesses will see a rate decrease of 4.9% in workers’ compensation costs. The reduction will be effective on April 1, 2022, and is estimated to save Vermont employers more than $8 million in premiums over the next year. Gov. …
Thu, 27 Jan 2022 16:31:45 +0000
British insurer First Central Group Ltd. is considering a sale that could value the business at about 600 million pounds ($800 million), people with knowledge of the matter said. First Central Group is working with Evercore Inc. as it prepares …
Thu, 27 Jan 2022 16:21:48 +0000
Supporters spoke passionately Wednesday about the need for workers’ compensation insurance to cover mental health treatment for first responders, but the chair of a Georgia House committee decided to send the bill to a council for further study. Sponso...
Thu, 27 Jan 2022 16:00:23 +0000
Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal data by the Environmental Working Group (EWG) released on Thursday. The report …
Thu, 27 Jan 2022 15:50:48 +0000
Los Angeles County faces two lawsuits connected to last year’s shootings at a fire station that killed a firefighter and wounded a captain in attack investigators said stemmed from a longstanding job-related dispute. Firefighter Jonathan Tatone killed ...
Thu, 27 Jan 2022 15:50:24 +0000
Everest Re Group Ltd. announced it has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a global framework for a sustainable insurance industry developed through partnership between risk management leaders and the Unit...
Thu, 27 Jan 2022 15:50:15 +0000
Relation Insurance Services has continued its rapid-expansion plan with the purchase of South Carolina-based Hodge Ethridge Insurance and Financial Services, the company announced. The terms of the deal were not disclosed. Hodge Ethridge was previously...
Thu, 27 Jan 2022 15:47:13 +0000
Evacuation orders were lifted Wednesday as firefighters strengthened control lines and mopped up hot spots at a wildfire along California’s Big Sur coast, authorities said. Fire activity was minimal overnight, with higher humidity and light winds, Cal ...
Thu, 27 Jan 2022 15:32:30 +0000
Marine N-Surance Brokers, a wholesaler and managing general agency in Longwood, Florida, has been acquired by First Light Program Managers, the firms announced. Marine was founded in 2002 by Paul Greenaway and has specialized in wholesale marine liabil...
Thu, 27 Jan 2022 15:31:49 +0000
The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association (IUA) has revealed. In a survey of its members, the organization recorded 27% of respondents mentioning cli...
Thu, 27 Jan 2022 15:03:04 +0000
Fourth quarter 2021 net income at Marsh McLennan more than doubled compared to the same period in 2020, to $803 million. Full year net income increased about 56% to $3.1 billion from $2 billion for all of 2020. Net income …
Thu, 27 Jan 2022 14:58:27 +0000
This edition of International People Moves details appointments at AEGIS London, Corvus Insurance and AEGIS London Names Powell as CEO, as Croom-Johnson Retires AEGIS London, the Lloyd’s syndicate and subsidiary of AEGIS (Associated Electric & Gas Insu...
Thu, 27 Jan 2022 14:39:12 +0000
Days after it announced it had to lay off 330 employees due to worsening loss costs, auto insurer Root Insurance has finalized a $300 million term loan from BlackRock Financial Management. The five-year loan will carry an interest rate of …
Thu, 27 Jan 2022 13:19:57 +0000
Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic took a brutal toll. Almost every industrial group saw the number of closures rise, with the transport and storage sector …
Thu, 27 Jan 2022 13:05:05 +0000
Generali has agreed to become the majority shareholder in both its property/casualty and life joint ventures in India. For the P/C business, Generali has agreed to acquire 25% of the shares of Future Generali India Insurance (FGII) from Future Enterpri...
Thu, 27 Jan 2022 08:24:56 +0000
The global pandemic has shown how vital it is for firms to understand the services they provide and to invest in their operational resilience. While COVID has accelerated the insurance industry’s digitalization, firms must strive for resilience by look...
Thu, 27 Jan 2022 08:23:52 +0000
Alera Group has acquired Gales Agency,Inc., an independent insurance agency providing a full line of insurance products including home, business, auto and life insurance policies to protect families. Gales Agency, Inc., based in Oceana County, Michigan...
Thu, 27 Jan 2022 07:29:18 +0000
The United States Court of Appeals for the Eighth Circuit affirmed a district court’s ruling that Farm Bureau Property & Casualty Insurance Co. must pay the policy limit in full on the claim for the second of two fires that …
Thu, 27 Jan 2022 06:03:37 +0000
A property insurer must give up its underwriting manuals in a claims dispute, a Florida appeals court said Wednesday. In People’s Trust Insurance Co. vs. Theodore Foster, the 1st District Court of Appeals in Tallahassee upheld a trial court’s ruling …
Thu, 27 Jan 2022 06:00:40 +0000
A municipality in New York may be held liable for wrongful action by an employee even though the employee was granted individual immunity. A police detective found liable by a jury for a false arrest was entitled to qualified immunity …
Thu, 27 Jan 2022 06:00:32 +0000
Women-only exercise areas in gyms and fitness clubs violate a state law banning discrimination based on gender, the Connecticut Supreme Court ruled Tuesday. The 6-0 decision written by Chief Justice Richard Robinson overturned a lower court ruling and ...
Thu, 27 Jan 2022 06:00:14 +0000
Employers in New York must disclose electronic monitoring, such as internet access and videoconferencing, to new hires under a new law taking effect in May, as workers contend with an employment landscape that’s increasingly dependent on technology. Th...
Thu, 27 Jan 2022 06:00:10 +0000
The Biden administration has officially withdrawn a rule that would have required workers at big companies to get vaccinated or face regular COVID testing requirements. The Occupational Safety and Health Administration confirmed the withdrawal Tuesday....
Thu, 27 Jan 2022 06:00:08 +0000
Allied American Underwriters, a division of USG Insurance Services, Inc., named Susan Altrock program manager in the Scottsdale, Arizona satellite office. Altrock has more than 25 years of industry experience, most recently with National Program Admini...