Chubb Continues Promotion Spree in North American Operations
Chubb today announced an additional handful of promotions within its North America insurance operations, with Ana Robic and Ben Rockwell getting appointed senior vice president of Chubb Group. Robic is division president, North America personal risk services, and Rockwell is …
Ford Pro Expands to Minnesota and Maryland
Ford Pro is expanding the availability of its commercial auto coverage, Ford Pro Insure, to Maryland and Minnesota. Ford Pro is underwritten by Ford Credit’s insurance subsidiary and powered by Pie Insurance. Minnesota is the first state with a Ford …
Markets/Coverages: High-End Home Insurer Openly Enters Virginia
Home insurer Openly has begun offering its coverage options to independent insurance agents and their policyholders in Virginia. Already active in 23 states, the upmarket home insurer said it is launching in Virginia with a phased introduction, granting access to …
‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis
Insurance agent Ian Hartgrove was one of many Houston residents caught off guard by the size of Hurricane Beryl, which made landfall on the Texas Gulf Coast Monday morning. Beryl had weakened to a Category 1 hurricane by the time …
Hub International Acquires Wyatt Agency in Tennessee
Hub International Ltd., the global insurance brokerage and financial services firm, has expanded again with the acquisition of Wyatt Insurance Services in Tennessee. With offices in Knoxville and Clarksville, Wyatt is an independent agency specializing in commercial and personal insurance, …
People Moves: Gallagher Hires Eaton From Howden for US Cargo Role; Hartford Names Fish Head of Group Benefits, Bassett Global CUO and Head of Reinsurance
Gallagher Names Eaton Exec Director to Support US Cargo Gallagher appointed of Jonathan Eaton to executive director, responsible for overseeing wholesale to other non-specialist brokers and working with Gallagher offices in the U.S. to support cargo client retention and new …
UK’s Direct Line to List on Price Comparison Websites in Strategy Shift
Direct Line will launch its eponymous motor insurance brand on price comparison websites for the first time, it said on Wednesday, as the company’s new CEO implemented a strategy shift designed to win new business. Adam Winslow, who took over …
Rikers Island Inmates Sue City Claiming They Were Trapped in Cells During Fire
Inmates at New York City’s Rikers Island are suing the city claiming they were trapped in their cells during a jailhouse fire that injured 20 people last year. The lawsuit filed Friday in federal court in Manhattan said the 15 …
Senate Hopeful Pushes Insurance Revamp During California ‘Gouging’
US Representative Adam Schiff, a California Democrat who’s running for the Senate, is vowing to take another shot at reining in soaring home insurance rates that he says are “gouging” his constituents. To do so, Schiff is casting a spotlight …
Montana To Ask State Top Court To Overturn Landmark Climate Ruling
Montana’s top court is set to hear the state’s appeal of a landmark ruling holding that it was violating the rights of young people to a clean and healthful environment by barring regulators from considering the impacts on climate change …
Missouri Fire Official Dies When Boat He Was in Capsizes During Water Rescue
COLUMBIA, Mo. (AP) — An assistant fire chief in central Missouri died early Monday when the boat he was in capsized during a water rescue in a flash flood. The Boone County Fire Protection District said Matthew Tobben and another …
NC Can Switch Health Benefits Provider for State Workers, Judge Rules
RALEIGH, N.C. (AP) — In a legal fight involving two health insurance companies seeking to manage North Carolina’s public employee benefits plan, a judge ruled Monday that the plan’s board acted properly when it switched to Aetna and dropped longtime …
Maine Has No Medical Cannabis Testing Requirement. Health Advocates Urge Change.
Keri-Jon Wilson started as a hobbyist, making medical marijuana edibles on a small scale for patients suffering from chronic pain and cancer. But in 2015 she expanded her business, Portland-based Pot + Pan Manufacturing, and began to standardize her products. …
Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling
Purdue Pharma on Tuesday received U.S. court approval for a 60-day freeze on lawsuits against its owners, members of the wealthy Sackler family, in its first court appearance since a landmark Supreme Court ruling upended its bankruptcy settlement. U.S. Bankruptcy …
PwC Starts Mass China Layoffs After Losing Dozens of Clients
PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of corporate clients diminished the accounting firm’s revenue prospects in the country. At least 100 staffers from different teams at PwC …
Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane
Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify to the maximum Category 5 level, after it left a trail of destruction on Jamaica and islands of the eastern …
UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure
Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his only functioning kidney failed in 2016. He wakes up at 6 a.m. three times a week to plug himself into …
People Moves: Incline P&C Group Appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Urban as Chief Development Officer
Incline P&C Group, headquartered in Austin, Texas, appointed Scott Galiardo as chief actuary and chief underwriting officer for commercial and specialty lines and Tony Urban as the chief development officer. In this newly created role, Galiardo will develop Incline P&C …
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group
Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report by a shareholder advocacy group. …
Insurance Broker TWFG Aims to Raise Up to $176M in IPO
Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million in its initial public offering in the United States. TWFG is offering 11 million shares at a price range of …