Insurance

Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence …

HOUSTON (AP) — A pair of strays have landed in the doghouse after being caught on video causing more than a quarter-million dollars’ worth of damage at a Houston car dealership. One dog, described as a bull terrier mix, was …

War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about …

MADISON, Wis. (AP) — Wisconsin Assembly Republicans’ highly restrictive plan to legalize medical marijuana in the state drew a lukewarm response from Senate Republicans and Democratic Gov. Tony Evers on Monday. The bill would limit medical marijuana only to severely …

Orion180 announced the expansion of its homeowners insurance products to the states of Georgia and Indiana. Underwriting through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana, Orion180 offers the coverage through independent agency distribution partners in Georgia …

U.S. venture capital firm Andreessen Horowitz has backed London-based insurance startup Hyperexponential in a $73 million funding round, the insurance software company said on Thursday. Founded in 2017, Hyperexponential provides insurance companies with mathematical modeling software, allowing them to price …

WTW Names Buganski Head of Personal Lines, CRB NA WTW, headquartered in Arlington, Va., appointed Despina Buganski as head of personal lines, corporate risk and broking, North America (CRB NA). With more than 30 years of industry experience, Buganski joined …

Executive Summary Companies need to enact long-term performance measurement and strategies for underwriting discipline across the underwriting cycle because evidence suggests underwriters will not impose it themselves, according to Tony Buckle and John Carolin, co-founders of the boutique insurance consultancy …

A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for carriers – and costs are far out …

Federal investigators say they have been unable to determine what caused a medical flight to go haywire before the helicopter crash-landed without losing any lives nearly two years ago. The pilot somehow avoided a web of power lines and buildings …