INSURANCE NEWS
One80 Intermediaries Acquires Pennsylvania Wholesale Broker Agentic
Boston-based specialty insurance broker One80 Intermediaries reports that it has acquired wholesaler broker Agentic Insurance of Radnor, Pennsylvania. Agentic is a privately owned specialty operation providing professional lines products including errors and omissions, management liability, cyber liability, media liability, allied …
Aston Lark Acquires UK Broker AJ Insurance Service
Aston Lark, a Howden company, announced the acquisition of AJ Insurance Service Ltd. Financial details of the deal were not disclosed. Based in Tilbury in Essex, England, AJ Insurance Service was established in 1979 by father and son, Albert and …
Prison Officer Entitled to ‘Assault Pay’ Where Injury Was Not Caused by Direct Assault by Inmate
A Massachusetts appeals court has ruled that a prison employee is entitled to “assault pay” for an injury even though the injury was not the result of a direct assault by an inmate. The court backed a bid for the …
Covenant Health in Tennessee Settles ADA Action by Justice Department
The U.S. Department of Justice reached a settlement with Knoxville, Tennessee-based Covenant Health over claims that it violated the Americans with Disabilities Act. The settlement comes in the case of a deaf man who alleged that he was denied effective …
After Second Death by Fall in 3 Years, New York Roofer Faces Potential $1.3M Penalty
A Nanuet, New York roofing and siding contractor with a history of safety violations and penalties now faces an additional $1,343,363 in penalties after the U.S. Department of Labor’s Occupational Safety and Health Administration said it investigated another fatal fall …
Cocktail of Chemicals Contributed to Massive Fish Die-off on Oder River: German Official
Several substances seem to have contributed to the massive fish die-off in the Oder River that forms much of Germany’s border with Poland, a German official said Monday. Numerous theories have been floated about the cause of the environmental disaster, …
InsurTech Founders Say Launching an MGA Means Learning to Juggle
Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference. “I don’t know if I can tell you what we did …
Ukraine Grain Corridors Need More Ships, Affordable Insurance to Accelerate Exports
Ukraine’s first shipments of grain since being invaded by Russia are a harbinger of relief for squeezed global markets, but many challenges remain before the millions of tons of food stuck in the country can be released. Perhaps the biggest …
Worst Drought in Decades Threatens China’s Economic Recovery
Wan Jinjun, a 62-year-old retiree who has swum the Yangtze River almost every day for the past decade in Wuhan, said he’s never seen a drought like this before. An extreme summer has taken a toll on Asia’s longest river, …
Tropical Storm Ma-on Takes Aim at Hong Kong, Guangdong Province
Several cities in southern China raised their cyclone warning signals on Wednesday, bracing for Tropical Storm Ma-on, which is expected to make landfall along the coast of Guangdong province on Thursday. At 12:40pm (0440 GMT), the Hong Kong Observatory issued …
Fox Corp. CEO Lachlan Murdoch Sues Australian News Site for Defamation
Fox Corp. CEO Lachlan Murdoch has filed a defamation lawsuit against an Australian news site over an opinion piece he says accused him of being complicit in the Jan. 6 attack on the U.S. Capitol by supporters of former President …
North Dakota Officials Investigating Massive Oilfield Wastewater Spill
North Dakota regulators are investigating a massive spill of oilfield wastewater from a broken pipeline in the northwest part of the state that they say could take more than a year to clean up. Karl Rockman, of the state Department …