Insurance

McDougall Insurance Brokers Ltd., the Belleville, Ontario-based subsidiary of Definity Financial Corp., announced it has entered into a definitive agreement to acquire 100% of Drayden Insurance Ltd. for C$208 million (US156.9 million), subject to closing and post-closing adjustments. The transaction …

This edition of International People Moves details appointments at brokers Aon and NFP. A summary of these new hires follows here. Aon Promotes 4 in Global Reinsurance Clients Team Insurance broker Aon plc announced a series of promotions in its …

Formel D USA, Inc., an automotive quality control company with locations in Taylor, Michigan and Toledo, Ohio, violated federal law by maintaining a sexually hostile work environment at its Taylor location and retaliating against a female employee who complained of …

LANSING, Mich. (AP) – People who are sexually assaulted under the guise of medical treatment in Michigan will be further protected when coming forward, and their abusers will receive stricter punishments under legislation signed Thursday by Gov. Gretchen Whitmer. The …

The United States lacks comprehensive cybercrime data and monitoring – leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office. Federal agencies included in the study noted that there is …

Britain’s regulators must push ahead with applying their new post-Brexit remit to help keep the country’s financial sector globally competitive, industry officials said on Thursday. After Britain’s departure from the European Union, the government has come under pressure to maintain …

Smoke that billowed outside Tiffany & Co.’s New York flagship location on Thursday morning was from a transformer that caught fire underneath the sidewalk, according to the city’s fire department. The smoke didn’t enter the building, according to Richard Blasi, …

Prosecutors in Milan are probing allegations of false accounting in relation to the crisis of Italian life insurer Eurovita, a person with knowledge of the matter said on Friday. Owned by Cinven, Eurovita this year became the first Italian insurer …

Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition after reports that it received a bid from Embedded Insurance. The Columbus, Ohio-based parent company of Root Insurance said its board “has always considered …

Insurer GEICO has agreed to pay $805,000 total to settle class action lawsuits by claims adjusters alleging they were entitled to unpaid wages for overtime worked between May 27, 2019 and May 27, 2022. The settlement affects 91 plaintiffs involved …