INSURANCE NEWS
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as the continent suffers a summer of devastating heat, wildfires and drought. In recent months, …
People Moves: McGriff Restructures Personal Lines Operations; Tinubu Appoints Edwards as Surety COO
Retail broker McGriff said it has restructured its personal lines operations to allow for direct support to the private client sales and service functions within the division, following a period of substantial growth and profitability for the line of business. …
Report: Auto Insurance Premiums Rise 17% in H1 of 2023
Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify’s Q3 2023 Mid-Year Auto Insurance Trends Report. In the first six months of this year, car insurance premiums …
People: MCIEF Names Heller to Ruke Fellowship
The Motor Carrier Insurance Education Foundation (MCIEF), a nonprofit that educates insurance professionals serving the transportation industry, has named Dave Heller as a Thomas Ruke Fellow. The fellowship honors the most dedicated educators and provides lifetime rights to all foundation …
Trump Immune From Suit for Election Comments Made in Office
A Pennsylvania state court judge ruled that presidential immunity is broad enough to protect Donald Trump’s false claims that the 2020 election was rigged, even if he didn’t really believe the conspiracy. Judge Michael Erdos in the Philadelphia County Court …
California Lawsuit by Former Dancers Accuses Lizzo of Sexual Harassment, Hostile Work Environment
Lizzo has been sued by three former dancers who accuse the Grammy winner of sexual harassment and allege the singer and her production company created a hostile work environment. The civil lawsuit filed this Tuesday in Los Angeles County Superior …
Amwins Report Keys on Disruption in Cannabis Space
The disruption in the cannabis space is having an impact on that insurance specialty from coast to coast, a new report out from Amwins shows. The report, Amwins State of The Market Report 2023: A Focus on the Cannabis Market, …
People Moves: Ryan Specialty Appoints Cornelli to Board of Directors
Ryan Specialty Appoints Cornelli to Board of Directors Ryan Specialty Holdings, Inc., headquartered in Chicago, Ill., appointed Francesca Cornelli, dean of Northwestern University’s Kellogg School of Management, to its board of directors. She will serve as a member of its …
Progressive to Consolidate Corporate Headquarters in Ohio
Progressive Insurance said it will consolidate its corporate headquarters in Northeast Ohio as more employees opt to work from home. Progressive will consolidate Campus One (on Wilson Mills Rd.) location to Campus Two (on North Commons Blvd.) in Mayfield, Ohio. …
NR West Acquires Texas’ Foster Benefit Resources
NR West, the parent company of The Insurance Exchange, a premier Dallas-based General Agency, announced that it has completed its acquisition of Foster Benefit Resources, a full-service General Agency specializing in fully insured and self-funded employee benefits in the North …
Wisconsin Aircraft Crashes Kill 4
MADISON, Wis. (AP) – Devyn Reiley, the daughter of two-time Super Bowl winner Bruce Collie, was one of four people who died in two separate crashes at a Wisconsin aircraft convention over the weekend, event organizers say. Reiley, 30, was …
Marsh McLennan Agency Acquires Graham Company
Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the U.S. Terms of the acquisition were not …