INSURANCE NEWS
NFP’s Alerity Acquires CIC Group in Buffalo
Alterity Group, a subsidiary of insurance brokerage NFP, reports it has acquired CIC Group, a Buffalo, New York-based commercial insurance agency. CIC Group principals Timothy McMullen, Gina Teresi and Chris O’Donnell will join Alterity and report to Sharla St. Rose, …
Driver Can Stack Uninsured Motorist Coverage, South Carolina High Court Says
A woman who was injured in a crash while driving a rental car provided by an auto insurer may collect uninsured motorist benefits from more than one policy, the South Carolina Supreme Court ruled Wednesday. In a 3-2 decision, the …
South Carolina Governor Seeks Disaster Declaration for Ian Cleanup
Gov. Henry McMaster has asked President Joe Biden to authorize a disaster declaration to help with Hurricane Ian recovery efforts in South Carolina, his office said Tuesday. The South Carolina Emergency Management Division and the Federal Emergency Management Agency found …
EPA Says Water in Mississippi Capital Now Safe to Drink
The U.S. Environmental Protection Agency confirmed Monday that the water in Mississippi’s capital city is safe to drink, after months of sampling at a treatment plant overwhelmed by August flooding that caused wide supply disruptions. The beleaguered O.B. Curtis water …
California Judge Oks Lawsuit Against Angels Over Skaggs Death
A California judge is allowing a lawsuit to proceed against the Los Angeles Angels over the drug-related death of pitcher Tyler Skaggs. Orange County Superior Court Judge Glenn Salter on Monday rejected the team’s motion to dismiss and set the …
People Moves: Broker Newfront Names Leaders in Boston; Tweedy Joins Integris
Newfront Names Executives at New Boston Office Insurance broker Newfront recently named several executives and leaders at its newly established Boston, Massachusetts, office. Brian Kelleher joins the Boston office as senior vice president on the property/casualty team and a founding …
CBS, Former CEO to Pay $9.75M to Settle New York Probe of Handling of Misconduct
CBS Corp.and former Chief Executive Leslie Moonves agreed to pay investors an additional $9.75 million as part of a pending settlement of the New York attorney general’s probe into whether the company violated state securities law in its handling of …
Technology Update: Canopius to Launch Tech and Data Hub in UK
Canopius Group, the London-based global specialty re/insurer, announced the launch of the “Canopius Tech & Data Hub” in Manchester, UK. The Hub, which will begin operating early next year, will ensure that Canopius is developing the best possible solutions within …
Insuring Cannabis Summit: Industry Deserves Lower Rates and More Capacity
Improved and more sophisticated risk management in the cannabis industry warrant reduced insurance costs and more capacity, says the head of risk management at one of the cannabis industry’s best-know publicly traded companies. Karl Long is senior director of risk …
Everest Unveils Refreshed Brand, Reflecting Commitment to ‘Underwrite Opportunity’
Everest Re Group Ltd., the Bermuda-based re/insurer, has unveiled a refreshed brand, including a new logo and visual identity reflecting its positioning and commitment to “underwrite opportunity” for colleagues, customers, shareholders, and communities worldwide. “There has never been a more …
Nord Stream 1 Operator Finds Craters at Damaged Pipeline Site
The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage on line 1 in the Swedish exclusive economic zone and found “technogenic craters.” “According to …
Lisa Weakens to Tropical Storm After Leaving Belize’s Largest City in Darkness
Lisa weakened into a tropical storm as it moved across Belize Wednesday, leaving much of the country’s largest city in the dark, although there were no reports of deaths or major damage so far in the Caribbean nation famed for …