INSURANCE NEWS
Choice Financial Acquires Hackmeier Agency in South Florida
Virginia-based Choice Financial Group has acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net-worth clients. Hackmeier, based in Bay Harbor Islands, near Miami, has been in business since 1978, the companies said in a …
People: McCosh, Sumrall Take New Posts at McGriff
McGriff, a Charlotte-based insurance broker and subsidiary of Truist Insurance Holdings, said it has named two people to help lead its risk services division. Brandon McCosh was promoted to be national director, risk control; and Shane Sumrall was named national …
Skanska Ordered to Pay $1.7M to Florida Oyster Farm for Barges Loosed in Storm
Skanska USA, part of one of the world’s largest construction firms, was ordered to pay almost $1.7 million to a Florida oyster farmer, three years after the firm’s barges broke loose in Hurricane Sally. The state-court jury verdict last week …
Atlantic City Investigates Boardwalk Fire That Damaged Facade of Resorts Casino
Investigators were trying Thursday to determine what touched off a fire on the Atlantic City Boardwalk a day earlier that burned a section of the historic walkway and damaged part of the facade of Resorts casino. Although the fire damaged …
Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller
A Missouri jury ordered Bayer to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its …
Federal Appeals Court Strikes Down Air Pollution Permit for Texas LNG Terminal
A federal appeals court on Monday struck down a major air pollution permit issued by Texas’s environmental regulator, arguing that the state allowed improperly high emissions limits for Port Arthur LNG, a gas liquefaction and export terminal currently under construction …
Study: Medical Payments to Treat Injured Workers in Texas Stable Over Five-Year Period
Medical payments to treat injured workers in Texas were stable from 2016 to 2021, according to a new study from the Workers’ Compensation Research Institute (WCRI). The study, CompScope Medical Benchmarks for Texas, 24th Edition, found that stability in medical …
Toxic Chemicals Found in Wells Near Michigan Shoe Manufacturer’s Headquarters
ROCKFORD, Mich. (AP) – Tests show toxic chemicals in wells near the headquarters of a western Michigan shoe manufacturer, years after the company dredged and transferred river sediment from a leather-processing tannery. There is no dispute Wolverine Worldwide used a …
People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering
This edition of International People Moves details appointments at Howden and Argenta Syndicate Management. A summary of these new hires follows here. Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber Howden, the London-based global insurance group, …
FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward
The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The FBI alert follows a Reuters report this week that said …
Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price
Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …
Amwins Completes $1 Billion Recapitalization Transaction
Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders purchased $1 billion in equity from more than 375 Amwins employee shareholders …