Insurance
French Building Collapse Kills at Least 6; Gas Explosion Suspected
French investigators are treating the deaths of at least six people who were killed when a building collapsed in the city of Marseille as a possible “involuntary homicide” case, a prosecutor said Tuesday. Prosecutor Dominique Laurens said an investigation was …
Read More NFP Acquires UK Broker Gravity Risk Services
NFP, a New York City-based property/casualty broker, announced it has acquired Gravity Risk Services Ltd., an insurance broker based in the West Midlands, England. Financial terms of the deal were not disclosed. NFP will integrate Gravity’s risk services into its …
Read More German Superyacht Maker Lürssen Hit by Ransomware Cyber Attack
German shipbuilder Lürssen, which makes military vessels as well as luxury yachts, has become the target of a ransomware cyberattack. The Bremen-based company was attacked over the Easter holiday period, company spokesman Oliver Grün said Tuesday. “In coordination with internal …
Read More People Moves: Strong Named N2G CEO; Butera to Head Swiss Re FinPro Lines, Casualty North America; Ascot Hires Totolos as Captive Solutions Leader
Strong Named New N2G CEO N2G Worldwide Insurance Services, LLC has named Kevin M. Strong its new chief executive officer. Strong replaces retiring N2G CEO Bill Skapof, who has led the company since 2020. Strong has more than 20 years …
Read More J&J Talc Unit Defends Latest Bankruptcy Settlement Bid
A Johnson & Johnson company on Tuesday defended its second attempt to resolve talc lawsuits in bankruptcy, telling a U.S. judge it can quickly build consensus around its $8.9 billion settlement offer despite doubts about its assertion that 60,000 plaintiffs …
Read More Kin Spins Into Tornado-Prone Mississippi, Relying on Data for Risk Pricing
Kin Insurance and its reciprocal exchange program have expanded into Mississippi, just as tornado damage may be worsening in the state. Mississippi saw 184 tornadoes in 2022, ranking it first in the nation for tornado activity and up sharply from …
Read More Alera Group Acquires Miami’s Wilson Washburn & Forster
Alera Group, a nationwide wealth services and insurance firm, has acquired Wilson, Washburn & Forster, 62-year-old insurance agency in Miami. Wilson Washburn, founded in 1961, offers commercial and personal lines products, including coverage for aviation, food and hospitality, manufacturers, marine …
Read More Washington Insurance Commissioner Issues $578K in Fines for March Violations
Washington Insurance Commissioner Mike Kreidler issued fines in March totaling $578,363 against insurance companies that violated state insurance laws and regulations. Following is a breakdown of who was fined, and the commissioner’s stated reasons for the actions: Insurance companies The …
Read More California Department Insurance Investigation Led to Dozens Implicated in Fraud Scheme
A California Department of Insurance-led investigation with assistance from the California Department of Justice has resulted in the arraignment of 12 suspects on more than 110 felony counts including conspiracy, insurance fraud, and grand theft for their alleged involvement in …
Read More Family of Missouri Man Who Died Canoeing Sue, Blaming Dangerous Dam
CHESTERFIELD, Mo. (AP) – The family of a man who drowned on a canoe trip is suing two state agencies, alleging a dangerous dam was to blame. The St. Louis Post-Dispatch reports that Caleb Gage, of Ballwin, was 32 last …
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