October 20, 2021
Coming Soon!
Wed, 20 Oct 2021 20:14:56 +0000
Oli Insurance Services Inc. has acquired Rose City Associates in Portland, Ore. Pete Lackner and Bob Asher created Rose City Associates in 2012 through a merger of their respective agencies, and will continue to lead their team of employees following …
Wed, 20 Oct 2021 20:08:16 +0000
A hearing officer has upheld the California Labor Commissioner’s wage theft citations issued to Adat Shalom Board & Care Inc. and owner Angelica Reingold in 2018. The citations were to compensate 148 workers who reportedly cared for elderly residents 24 …
Wed, 20 Oct 2021 17:30:36 +0000
Hamilton Insurance Group Ltd. announced its decision to cease writing property treaty reinsurance through Syndicate 4000 in London. “We regularly review our book to ensure that we continue to drive underwriting profitability in line with Hamilton’s str...
Wed, 20 Oct 2021 16:32:11 +0000
A Louisiana House leader offered blistering criticism Monday of Gov. John Bel Edwards’ temporary housing program for people with severe home damage from Hurricane Ida, slamming the effort as moving too slowly to assist suffering residents. Though more ...
Wed, 20 Oct 2021 16:10:48 +0000
Officials in Missouri’s Jackson County approved a settlement with a church that had sued over COVID-19 restrictions that it claimed discriminated against religion. The Jackson County Legislature voted to approve a $146,750 payment to Abundant Life Bapt...
Wed, 20 Oct 2021 16:05:32 +0000
The remains of an abandoned river wharf went up in flames over the weekend in New Orleans as fireworks went off nearby, but officials haven’t yet determined whether the display played a role in the enormous fire. The fireworks began …
Wed, 20 Oct 2021 16:03:54 +0000
A Louisiana physician agreed to pay more than $600,000 to resolve allegation that he accepted kickback payments for referrals of home health patients. The U.S. Justice Department said Dr. Llewelyn Simon, an internal medicine physician from Monroe, will...
Wed, 20 Oct 2021 15:54:09 +0000
A highway worker was killed and a co-worker was seriously injured when a vehicle struck them as they were working along a rural road in eastern Indiana, state police said. The two Union County Highway Department employees were working about …
Wed, 20 Oct 2021 15:41:50 +0000
Origami Risk, a risk, safety and insurance Software as a Service (SaaS) technology firm, announced it has packaged its online workers’ compensation claims administration into a standard offering to help insurance carriers, third party administrators (T...
Wed, 20 Oct 2021 14:57:36 +0000
Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that could postpone its full potential, a panel of experts and industry insiders said during InsureTech Connect 2021 in Vegas. “Regulation i...
Wed, 20 Oct 2021 14:32:19 +0000
The city of Seattle reported that 99% of its employees are in compliance with the mayor’s COVID-19 vaccine mandate. By 11:59 p.m. Monday, all Seattle city employees have to be vaccinated against COVID-19, per an August order by Mayor Jenny …
Wed, 20 Oct 2021 14:29:35 +0000
A man who fell from a luxury suite at a university sports arena in Albuquerque onto concrete stairs below has been awarded $144,000 under a state-negotiated settlement, according to settlement documents obtained Monday. During a Lobos basketball game i...
Wed, 20 Oct 2021 14:22:33 +0000
A Syracuse, New York, iron foundry cited by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for dozens of health and safety violations has agreed to correct 60 cited hazards, implement enhanced corrective measures an...
Wed, 20 Oct 2021 14:10:24 +0000
The state of Georgia has settled a whistleblower lawsuit brought by three Insurance Department employees who reportedly leaked information about disgraced former Insurance Commissioner Jim Beck. “I think the primary lesson here is that these ladies are...
Wed, 20 Oct 2021 14:00:44 +0000
A former publication company executive was sentenced to more than six years in prison Monday in a $48 million embezzlement plot. A federal judge sentenced Nestor Charriez to 75 months and also ordered him to pay $43 million in restitution. …
Wed, 20 Oct 2021 13:48:18 +0000
A pair of tornados have been confirmed in western Pennsylvania over the weekend, forecasters said. The National Weather Service says an EF-0 tornado with estimated winds up to 85 mph touched down in the town of Shippingport before dawn Saturday. …
Wed, 20 Oct 2021 12:45:35 +0000
The Biden administration said it is launching a broad strategy to regulate toxic industrial compounds associated with serious health conditions that are used in products ranging from cookware to carpets and firefighting foams. Michael Regan, the head o...
Wed, 20 Oct 2021 10:16:22 +0000
MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an over-allotment option. The group has covered its …
Wed, 20 Oct 2021 08:32:26 +0000
Aston Lark, the Goldman Sachs-backed broker, announced the acquisition of Absolute Products Ltd., its 40th deal since its formation in 2018 and its 24th in 2021 alone. Financial terms of the deal were not disclosed. Established in 2002, insurance broker …
Wed, 20 Oct 2021 07:30:07 +0000
Millions of Americans will participate in the Great Shakeout on Oct. 21, a day designated to earthquake education and awareness. Annually held on the third Thursday of October, the Great Shakeout encourages schools and workplaces to practice earthquake...
Wed, 20 Oct 2021 06:50:44 +0000
German reinsurer Munich Re doubled its profit in the third quarter, despite big losses from storms in Europe and the United States, it said on Tuesday, but left its forecasts for the year unchanged. Profit rose to around 400 million …
Wed, 20 Oct 2021 06:26:35 +0000
Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened the “lower for longer” interest ...
Wed, 20 Oct 2021 06:00:31 +0000
Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG). Shipping, which transports about 90% of world t...
Wed, 20 Oct 2021 05:48:48 +0000
The insurtech Sayata, which provides software for the quote-bind-issue process for brokers and carriers, announced Lisa Sanders will serve as business development manager for the company’s Southeastern U.S. territory. Sanders, based in Atlanta, was pre...
Wed, 20 Oct 2021 05:46:51 +0000
Elevators across Georgia may be long overdue for safety inspections, but regulators have no way to know, thanks to a poorly set up computer database and a system that relies on self-policing. The revelations came to light after an 18-year-old …
Wed, 20 Oct 2021 05:45:19 +0000
Global investment company JAB Holding Co. is acquiring a majority stake in UK pet insurer, Cardif Pinnacle. Cardif Pinnacle’s current parent company, BNP Paribas Cardif, will retain a significant minority interest in the insurer. The transaction is exp...
Wed, 20 Oct 2021 05:35:10 +0000
Coverys European Holdings (CEH), a leading underwriting vehicle that invests in speciality managing general agencies in Europe and the UK, announces the expansion of its AEC underwriting agency with the launch of AEC Europe in Barcelona. AEC Europe und...
Wed, 20 Oct 2021 05:30:11 +0000
Lockton, the privately-owned independent insurance broker, has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from cyber-attacks or cyber terrori...
Wed, 20 Oct 2021 05:30:03 +0000
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its global network to encompass owned offices and network partners that can provide BHSI customers with locally admitted insurance policies in 170 countries worldwide. “We are very...
Wed, 20 Oct 2021 05:16:58 +0000
Tokio Marine American Insurance has filed a lawsuit against the owners of a Georgia warehouse, where 50,000 tons of wood pellets caught fire in May and burned for days. Tokio had insured the biofuel pellets, and it alleges in the …