INSURANCE NEWS
Extreme Weather Forcing JFK, Other Airports to Redesign Runways, Systems
(Bloomberg) — Airports around the world are relocating sensitive electrical equipment to rooftops to protect it from flooding, reinforcing runways to handle extreme temperature swings and revving up air conditioning as climate change complicates operations. In New York, the $19 …
Texas Manufactured Homes Company Faces Lawsuit for Alleged Racial Harassment in the Workplace
A Texas manufactured homes company was sued for subjecting an employee to a hostile work environment after learning learning of his multiracial family, according to a lawsuit filed by the U.S. Equal Employment Opportunity Commission. Cavco Industries, Inc. and Palm …
The Hilb Group Expands Into Illinois
The Hilb Group announced that it has acquired an Illinois-based property and casualty business, building on the company’s growing presence in the Midwest region and broadening its offerings to include specialized services for fast food franchises and student housing industries. …
People Moves: Grange Names Murphy Chief Legal Officer as Coleman Retires
Grange Names Murphy Chief Legal Officer as Coleman Retires After Nearly 34 Years Grange Insurance Company, headquartered in Columbus, Ohio, named Beth Murphy as chief legal officer, effective January 1, 2024, as LaVawn Coleman retires at the end of the …
From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes
One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations, according to Dirk Spenner, managing director at …
Risk Strategies Acquires Texas’ orchestrateHR Inc.
Risk Strategies, announced that it has acquired human resources and employee benefits specialist orchestrateHR Inc. and its affiliate, Ebenconcepts Company . and its affiliate, (doing business as eBen Benefits). Also included in the transaction were the company’s specialty operating subsidiaries, …
Chicago Files Lawsuit Against Monsanto and Univar for Polluting Water, Air, and Soil with Harmful Chemicals
Chicago is suing Bayer AG’s Monsanto and Univar Solutions Inc. for polluting the city’s water, air and soil with chemicals the companies knew were harmful to humans. The complaint, filed in Cook County Circuit Court, seeks financial compensation for expenses …
Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve reestimates …
Openly Secures $100 Million in Series D Funding
Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity …
California Truck Drivers Ask Governor to Sign Job-Saving Bill as Self-Driving Big Rigs Are Tested
California lawmakers, union leaders and truck drivers are trying to steer Democratic Gov. Gavin Newsom toward signing into law a proposal that could save jobs as self-driving trucks are tested for their safety on the roads. The legislation would ban …
Markets/Coverages: AmTrust Introduces Admitted Lawyers Professional Liability
Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or simple oversight by an individual attorney …
OSHA Fines Georgia Concrete Pipe Maker $246,000 After Death of Worker in Florida
The death of a 19-year-old Florida worker could have been prevented if a concrete pipe maker had ensured that employees followed proper safety procedures, the U.S. Occupational Safety and Health Administration said. OSHA cited Foley Products Co., based in Georgia, …