Daily Archives: <span>May 15, 2017</span>

Chicago’s Promont Advisors, ProPoint Claims Join Doxa Insurance Holdings

Doxa Insurance Holdings LLC, an Indiana-based private equity fund focused on purchasing managing general agents nationwide, has acquired Chicago-based Promont Advisors and ProPoint Claims Services. Promont and Propoint specialize in providing insurance and claims administration for difficult classifications of business …

Utah Family Reaches Settlement with University over Son’s Slack Line Death

Utah State University has settled a wrongful-death lawsuit with the family of a college student who was killed in August 2013 when he hit a rope tied between two trees known as a “slack line” while riding his bike. Ricky …

Oregon Homeowners Association to Settle Motor Home Incident for $300K

A homeowners association will pay $300,000 to a Keizer family as part of a settlement for banning a motor home from being parked in the family’s driveway. The Statesman Journal reported that Gary, Renee and Khrizma Kuhn agreed to dismiss …

Idaho Governor Visits State’s Flooded Central Region

Gov. C.L. “Butch” Otter says he’s ready to offer assistance to flooding communities in central Idaho. The Idaho Mountain Express reported that Otter visited with residents, emergency management officials and local government representatives Saturday in Hailey. Otter says 31 out …

Denver Proposes Rules for Businesses to Allow Social Marijuana Use

Denver, Colo. has proposed a set of rules for businesses that get permits to allow social marijuana use. The Denver Post reported that among the rules presented, businesses owners would have to require customers to sign waivers as they enter, …

Legal and Image Woes Mount For Uber in California

A rare order from a federal judge alerting prosecutors to possible criminal misconduct by Uber or a key executive deepens the turmoil swirling around the ridesharing company at a time when it’s grappling with other legal and image problems. District …

Hamilton Taps Freda as Chairman, Brown as Interim Group CEO, After Duperreault Resigns

Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that William C. Freda has been appointed to the position of chairman of the board and David …

AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune

American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the technology platform Attune and to advance data-driven …

AIG Picks Hamilton’s Duperreault as CEO

American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive …

Allianz Global Corporate & Specialty Appoints Cyber, Engineering Heads

Allianz Global Corporate & Specialty (AGCS) announced personnel appointments within the Cyber and Engineering lines of business. Jenny Soubra has been appointed head of Cyber and Specialty Professional Indemnity (CPI) for the U.S. and Tim Cook is the new head …