INSURANCE NEWS
ALKEME in California Undergoing ‘Regional Alignment’ to Improve Efficiency
ALKEME in California announced the creation off two regions called West – North region and the West – South/South Pacific region for its operations as part of actions the firm said will enhance operations, speed decision-making and improve efficiencies. ALKEME …
Report: Four-in-10 California Workers’ Comp Claims from Workers with Less Than a Year of Tenure
Roughly four-in-10 workers’ compensation claims come from workers with less than one year of tenure, a new report from the Workers’ Compensation Insurance Rating Bureau of California shows. The report shows 40% of workers’ comp claims come from workers with …
Kansas Newspaper Seeks $10M Over Police Raids
TOPEKA, Kan. (AP) — A weekly central Kansas newspaper and its publisher filed a federal lawsuit Monday over police raids last summer of its offices and the publisher’s home, accusing local officials of trying to silence the paper and causing …
Illinois Hog Farm Sued for Gender Identity Discrimination
Sis-Bro, Inc., a hog farm in New Athens, Illinois, violated federal law when it allowed an employee to be harassed because of her sex and gender identity, forcing her to quit, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …
UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers
Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were not disclosed. Westfield Brokers, which trades under …
Multiple Hurt in Texas Crash Caused by High Winds
MIDLAND, Texas (AP) — Multiple people were hurt Monday in a pileup involving as many as 30 vehicles at an intersection south of Midland, Texas, as high winds blew dust that made visibility difficult, the Texas Department of Public Safety …
People Moves: Upland Promotes Walas to Chief Underwriting Officer
Upland Capital Group, Inc., headquartered in Dallas, promoted Kate Walas to chief underwriting officer. Walas joined Upland as senior vice president for the professional liability errors and omissions product line. Before joining Upland, she served as the chief underwriting officer …
Howden to Acquire French Broker OFRACAR
Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in north-west France. Financial details of the transaction …
Generali Completes Acquisition of Conning and Affiliates From Cathay Life
Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been structured as an …
Palm Beach Elite Are Raising Money to Lure Vanderbilt to Florida
Wealthy Florida residents and developers are looking to raise at least $300 million for Vanderbilt University to build a sprawling campus in West Palm Beach. Billionaire developer Steve Ross hosted a reception at his Palm Beach mansion on Monday for …
PCF Insurance Acquires Alabama’s MK Insurance Agency
PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has specialized in insurance coverage for high net-worth individuals, …
Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos
With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers …