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News – Insurance Journal
Gallagher Completes Acquisition of India’s Edelweiss Gallagher Insurance Brokers
Arthur J. Gallagher & Co., the Rolling Meadow, Ill.-based broker, announced it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Ltd. Financial details of the transaction, which was first announced in July, will not be disclosed. Gallagher …
POSTED OCTOBER 18, 2021 7:19 PM |
FWD Group’s $2 Billion Insurance IPO Stalls in U.S.: Sources
Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’ increasing unease over the long arm of the Chinese government, people with knowledge of the matter said. The acquisitive insurer …
POSTED OCTOBER 18, 2021 6:31 PM |
Paper Uncovers Major Security Flaw in Missouri State Database
Republican Gov. Mike Parson condemned one of Missouri’s largest newspapers for exposing a flaw in a state database that allowed public access to thousands of teachers’ Social Security numbers, even though the paper held off from reporting about the flaw …
POSTED OCTOBER 18, 2021 4:56 PM |
Ohio Lawmakers Push Sex Assault Lawsuit Bills That Would Lift Damage Caps, Time Limits
House Democrats are calling for action on legislation that would remove time limits restricting when sexual assault victims could file lawsuits against their perpetrator. The lawmakers are also urging that hearings be held on a bill that would lift caps …
POSTED OCTOBER 18, 2021 4:39 PM |
Proposed New Orleans Ordinance Aims for Safer Senior Living Facilities in Ida’s Aftermath
A new ordinance being proposed in New Orleans is designed to protect residents at apartment complexes for seniors during disasters like Hurricane Ida, which wiped out power to the city and stranded hundreds of people in sweltering apartment complexes for …
POSTED OCTOBER 18, 2021 4:31 PM |
Louisiana Implements Mediation Program for Hurricane Ida Claims
Louisiana has established a voluntary mediation program for the purpose of resolving property/casualty insurance claim disputes related to damage caused by Hurricane Ida, which struck Southeast Louisiana as a category 4 hurricane in late August. Bulletin 2021-08 states its purpose …
POSTED OCTOBER 18, 2021 4:26 PM |
People Moves: Guaranteed Names Jeff Wingate as EVP; Alera Hires Seabold
Guaranteed names Jeff Wingate as EVP Guaranteed Rate Insurance, an independent brokerage that offers personal, commercial, life and specialty insurance, announces it has hired Jeff Wingate as its new Executive Vice President to drive growth and diversify its product offerings. …
POSTED OCTOBER 18, 2021 4:13 PM |
Insurers’ Payments to Expert Witnesses Are Discoverable, Florida Supreme Court Says
Florida insurance companies must disclose their financial arrangements with expert witnesses when asked to do so in litigation, the state Supreme Court has decided. In Brent Dodgen vs. Kaitlyn Grijalva, an automobile accident negligence case, the high court on Thursday …
POSTED OCTOBER 18, 2021 3:48 PM |
People Moves: IMA Adds Marine Practice; Hires McCord, Homrighaus, Roberts in Houston
IMA Adds 3 Marine Experts in Houston IMA Inc. added a marine practice group with the hiring of three new insurance veterans in its Houston office, expanding its expertise across the spectrum of marine coverages to include hull, liabilities and …
POSTED OCTOBER 18, 2021 3:33 PM |
Kemper Proposes $17.6M Settlement of Data Breach Claims
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an estimated 6.1 million customers and employees. The …
POSTED OCTOBER 18, 2021 3:06 PM |
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