INSURANCE NEWS
Tennessee DCI Returns $9.5M to Policyholders in Mediated Claims Disputes
The Tennessee Department of Commerce and Insurance so far this year has secured more than $9.5 million for policyholders whose insurance claims had been denied, the department announced this week. The payments, mostly from property insurers, are the result of …
Construction Company in Idaho Airport Hangar Collapse Ignored Safety Standards, OSHA Says
Federal safety investigators cited a construction company in the deadly collapse of an Idaho airport hangar, saying it exercised a “blatant disregard” for federal safety standards. The Occupational Safety and Health Administration proposed nearly $200,000 in penalties for Big D …
Judge Ends Uber Black Drivers’ ‘Futile’ Court Quest for Employee Status in Pennsylvania
Eight years of litigation, multiple court opinions, and two deadlocked trials are enough. A federal judge in Pennsylvania has put an end to what he says is “futile” litigation over whether Uber Black drivers, who drive luxury cars and charge …
Massachusetts Businesses With More Than 25 Employees Must Disclose Salary Range
Massachusetts businesses with more than 25 employees must disclose salary ranges when posting jobs, under a new bill signed into law Wednesday that puts the commonwealth in line with 10 other states that already require pay transparency. The new law …
Oil and Gas Power Lines Suspected of Causing Texas Panhandle Wildfires
When a spate of wildfires tore across the Texas Panhandle in February and scorched 20,000 acres of Craig Cowden’s ranch near Skellytown, he decided he had had enough. Cowden took on a second unofficial job: looking for possible fire hazards …
People Moves: JM Wilson Adds and Promotes Transportation Underwriting Team Members
JM Wilson, headquartered in Portage, Michigan, added new members to its transportation underwriting team. Olga Jaquet was promoted to senior transportation underwriter, responsible for underwriting new and renewal commercial transportation risks and working with carrier underwriters and independent insurance agents …
Howden to Acquire Allianz UK’s Musical Insurance Book
Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz UK and will incorporate its customer base and marketing and operations teams into Howden’s established music scheme, Lark Music. Financial …
Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. 1, 2024. Cyberattacks and IT system …
UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters
Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply. Such hopes have arisen after Bloomberg reported that backers of Canopius Group are …
Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses
Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz. Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients and brokers as Arch …
Ardonagh’s Geo Underwriting to Acquire Navigators & General
Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in 1921 by Captain William Coombs, a merchant navy …
District of Columbia Sues StubHub Claiming It Inflates Ticket Prices With Deceptive Fees
The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The practice known as “drip pricing” violates consumer protection laws in the …