October 21, 2021

Thu, 21 Oct 2021 08:38:02 +0000
BMS, the UK independent specialist insurance and reinsurance broker, announced the acquisition of Seoul-based insurance broker, Value-add Insurance Broker (VIB). Financial terms of the transaction were not disclosed. As part of the acquisition, VIB wil...
Thu, 21 Oct 2021 06:28:43 +0000
Castel Underwriting Agencies Ltd. has launched a new underwriting cell, North American Professional Liability (NAPL), to focus on professional service firms’ business in the U.S. The cell is writing both primary and excess layer coverage for larger ris...
Thu, 21 Oct 2021 06:03:51 +0000
New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About 200 of the largest financial firms in New Zealand, …
Thu, 21 Oct 2021 06:00:47 +0000
Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The partnership with It’sSeg marks Acrisure’s ent...
Thu, 21 Oct 2021 05:41:09 +0000
AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. “It is our belief at AXIS that [insurance/reinsurance] industry needs to move to the forefront of the …
Thu, 21 Oct 2021 05:27:37 +0000
Georgia homeowners now have another choice in flood insurance. Wright National Flood Insurance Services, underwritten by Zurich American, announced it has begun offering policies in the state. Using model-based rating methods, the program can pinpoint ...
Thu, 21 Oct 2021 05:12:15 +0000
By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover …
Thu, 21 Oct 2021 05:01:57 +0000
A Florida Supreme Court decision banning an app-based service from connecting ticketed drivers with lawyers may be a win for the law profession, but it is another impediment to average citizens gaining access to the court system, critics said. “This …
Thu, 21 Oct 2021 05:00:55 +0000
Lockton named Julie Marcello chief operating officer of its Mountain West operations. Marcello will be responsible for operations and business development for Lockton’s regional hub, including Denver, Phoenix, Las Vegas, Salt Lake City and Seattle. Mar...
Thu, 21 Oct 2021 05:00:41 +0000
U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. “We cannot do this alone,” Monaco said on Wednesday during a virtual roundtable on …
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...