INSURANCE NEWS
Google Argues it Doesn’t Block Rivals in Bid to Kill U.S. Government Antitrust Lawsuit
Google parent Alphabet on Wednesday argued that a court should toss out a government antitrust lawsuit against it, saying that agreements it made with Apple and others to make Google the default search engine do not bar smartphone makers from …
Reinsurers Retreat From US Disaster Hotspots on Climate Risks
Reinsurers are increasingly reconsidering their business in natural disaster-prone locations including California and Florida as losses mount, according to Moody’s Investors Service. Climate change has increased wildfire risk in California while hurricane losses in Florida have already seen a number …
Jury Should Decide if Lack of Captain ‘Increased Hazard’ for Yacht Lost in Dorian, Court Says
For hurricanes with erratic paths that prove difficult to predict, property insurers could soon find it trickier to justify some claims denials for boats, yachts and other movable marine structures, thanks to a recent appeals court decision. The 11th U.S. …
‘American Horror Story’ TV Production Firms Sued Over Driver’s COVID Death
The wife of a late Massachusetts man is suing the companies involved in the 2021 production of “American Horror Story” on Cape Cod, alleging their lack of precautions to prevent the spread of COVID-19 led to his death. In a …
Hilb Group Acquires Oak Ridge Surety Agency in Pennsylvania
The Hilb Group has acquired Oak Ridge Surety Agency in West Chester, Pennsylvania, which specializes in surety bond programs and commercial insurance. Martin Hellman and his team of insurance professionals will become part of Hilb Group’s Mid-Atlantic regional operations. The …
Arthur J. Gallagher Acquired John C. Breckenridge in California
Arthur J. Gallagher & Co. acquired Sacramento, California-based John C. Breckenridge Insurance Solutions Inc. John Breckenridge, Lisa Breckenridge and their team will remain in their current location under the direction of Kevin Garvin, head of Affinity North America for Gallagher’s …
Safety Agency Says Trailer Truck Striking Back of Party Bus Caused Fatal Virginia Crash
WILLIAMSBURG, Va. (AP) — When a tractor trailer struck the rear of a bus last month carrying more than 20 people in Virginia, the passenger compartment of the bus was destroyed and several passengers were ejected, the National Transportation Safety …
Alera Group Acquires Insurance Benefits by Design in Colorado
Alera Group acquired Insurance Benefits by Design in Colorado. Insurance Benefits by Design offers insurance benefits for employers, individuals and families. IBBD is an affiliate of Sage Benefit Advisors, an Alera Group company. The team will continue serving clients in …
Owner of Ill. Facility Where 3 Women Died Agrees to $16M Payout
CHICAGO (AP) – The owner operators of a senior living facility on Chicago’s North Side where three women were found dead amid high heat last May have reached a $16 million settlement with the women’s families. Gateway Apartments Ltd. and …
Mississippi’s SouthGroup Names Tullos CEO
The board of directors for Mississippi-based SouthGroup Insurance & Financial Services has named Cyndi Tullos chief executive officer. Tullos, the chief operating officer since 2019, replaces Ronnie Tubertini, who was CEO for 21 years, the company said in a statement …
Supreme Court Allows New York’s Revised Gun Carry Law… for Now
The U.S. Supreme Court today allowed New York’s new gun carry law to remain in effect as legal challenges to the statute continue. In denying plaintiffs’ bid to vacate a Second Circuit Court of Appeal’s denial of a district court …
New Mexico Delegation Seeks Changes to Wildfire Aid Rules
New Mexico’s congressional delegation says the U.S. government should make changes to rules proposed for processing damage claims stemming from a historic wildfire sparked by forest managers. The delegation sent a letter to FEMA on Thursday as the federal agency …