Insurance
Arthur J. Gallagher & Co. Acquires Aviation Insurance Australia
Arthur J. Gallagher & Co., the global insurance broker, announced the acquisition of Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insurance broker serving aviation and …
Read More Rising Climate Costs to Challenge Companies, Countries in 2023
In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere was this more apparent than at the U.N. climate …
Read More Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves
The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good. At least 80 special-purpose acquisition companies, which have raised $24 billion in total, face a …
Read More Florida House Approves Historic Insurance Reforms, Sending Bill to Governor
One day after the Florida Senate approved a landmark revision to Florida’s property insurance rules, the House followed suit, perhaps bringing to a close an era of surging claims litigation, insurer insolvencies and escalating premiums. Florida’s second special legislative session …
Read More Court Decides Insurance Broker’s Duty to Inform LLCs About Workers’ Compensation
What is the duty of an insurance broker in New Jersey to members of a limited liability corporation (LLC) when it comes to workers’ compensation coverage? The New Jersey Supreme Court this week ruled that a broker has a “non-waivable” …
Read More Texas DWC Names Proposals on Designated Doctor Rules
The Texas Department of Insurance, Division of Workers’ Compensation announced two rule proposals: amendments to 28 Texas Administrative Code (TAC) Chapter 127, Designated Doctor Procedures and Requirements, and amendments to 28 TAC Section 180.23 to improve the designated doctor program. …
Read More Church Officials Clear Chicago Priest of Abuse Claim
CHICAGO (AP) – A prominent Roman Catholic priest known for his activism has been reinstated as leader of his Chicago parish after being cleared by church officials of allegations that he sexually abused a minor decades ago. The Chicago Archdiocese …
Read More Bird Flu Found in Indiana Snow Geese, Suspected in Turkey Flock
NDIANAPOLIS (AP) – Bird flu has been confirmed in snow geese and other water birds from Gibson County in southwestern Indiana and is suspected in a commercial turkey flock in nearby Daviess County, state officials said. Approximately 700 geese, primarily …
Read More Massive Storm Brings Tornadoes to South Central, Blizzard Threat to Plains
SIOUX FALLS, S.D. (AP) – A massive storm blowing across the country spawned tornadoes in parts of Oklahoma and Texas, including the Dallas-Fort Worth area, as much of the central United States from the Rocky Mountains to the Midwest braced …
Read More ‘Far Too Many’ Companies Fail to Disclose Environmental Data, CDP Shows
Too many companies are failing to respond to environmental transparency requests, non-profit platform CDP said on Tuesday, after only 1.3% of over 900 firms scored an “A” based on their climate change, forests and water security disclosures. CDP, the world’s …
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