INSURANCE NEWS
Georgia Governor Reappoints Bahl to Workers’ Comp Board
Georgia Gov. Brian Kemp has reaapointed Neera Bahl to another term on the state Board of Workers’ Compensation. The three-member board, which includes Director Benjamin Vinson and Chairman Frank McKay, acts as the appeals panel, hearing appeals from administrative law …
Washington Roofers Fined $1.27M for Putting Workers at Risk of Falling
Four Washington roofing companies are facing $1.27 million in fines from the Washington State Department of Labor & Industries for safety violations including allowing workers on top of homes without fall protection. L&I cited and fined Allways Roofing Inc. $345,700 …
Novatae Acquires Missouri-Based Denali Specialty Group
Novatae Risk Group announced that it has acquired the assets of Denali Specialty Group, LLC of St. Louis, MO on July 1, 2024. Terms of the transaction were not disclosed. Founded in 2019, Denali is a full-service insurance intermediary that …
Michigan AG Reminds Residents to Avoid Scams After Flooding
Michigan Attorney General Dana Nessel is urging residents to be vigilant against scammers targeting those affected by the heavy rains from the remnants of Hurricane Beryl. The storm flooded communities, damaged homes, and left thousands without power. “Education and awareness …
UK, EU States to Target Russia’s Shadow Oil Fleet With More Checks
The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people familiar with the matter …
Lloyd’s Insurer AEGIS London Launches Data Science and Analytics Team
AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D’Angelo, head of Data Analytics and Portfolio Underwriting, the newly formed team is comprised of …
Parametric Insurance’ Helps Farmers and Others Hit Hard by Extreme Weather
Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him, thanks in …
Hub Acquires Swanson Insurance Agency in Louisiana
Hub International Limited announced the acquisition of the assets of Swanson Insurance Agency, Inc. & Swanson & Associates, Inc. (collectively, Swanson Insurance Agency). Terms of the transaction were not disclosed. Located in New Orleans, Louisiana, Swanson Insurance Agency is a …
After Beryl, Houston Area Farmers Come Together to Face Unique Challenges
PORTER, Texas (AP) — Hurricanes cause trouble for everyone, but farmers have a whole other list of problems. Beryl has been no exception: Over the past week, the storm damaged crops, soaked rabbits and chickens, terrified goats, put horses at …
Illinois Contractor Faces $354K in Fines for Exposing Workers to Fall Hazards
Federal workplace safety inspectors have cited an Illinois construction contractor for again exposing employees to falls from elevation — the industry’s leading cause of injury and death — as they did residential framing work, this time at four subdivisions under …
Ping An Insurance Seeks $3.5 Billion in Convertible Bonds
Ping An Insurance (Group) Co. is seeking to raise $3.5 billion through the sale of convertible bonds, joining a wave of issuance in Asia in recent months. The company is offering the bonds due in 2029 with a coupon of …
Wall Street Pushes Back After Activists Escalate Protests
Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate. For more than a month now, scores of activists have mounted near-daily protests …