Monthly Archives: <span>January 2018</span>

Hard-hit California Town to Get Little Rain from Storm

Crews clearing mud and restoring utilities in Montecito, California, have another day of dry weather before the next chance of rain, but forecasters say the approaching system is weakening. The National Weather Service says Montecito should see very little precipitation …

Aon Benfield’s Christian Named Chair of ClimateWise, Raising Climate Risk Resilience

Dominic Christian, executive chairman of Aon Benfield International, has been appointed chair of ClimateWise, an organization that aims to help the insurance industry respond to the risks and opportunities of the climate-risk protection gap – the growing divide between total …

CAL Insurance Adds Boukhalil in Affluent Families Division in California

CAL Insurance & Associates Inc. has added Elian Boukhalil as an account manager. Boukhalil will work within CAL’s affluent families division. She was previously an intern with Publiscreen Online. Before that she was an intern for Booksmart Inc. CAL Insurance …

Uber Finally Gets $1-per-Driver Pay Settlement in California

Though at first Uber Technologies Inc. didn’t succeed in settling a lawsuit by California drivers alleging labor-code violations, it tried and tried again. A Los Angeles state judge finally said on Tuesday she’s comfortable approving a $7.75 million deal offering …

Kaplansky Insurance Acquires Massachusetts’ Anthony and Malcolm Insurance Agency

Kaplansky Insurance has acquired Anthony and Malcolm Insurance Agency in Bradford, Mass. Founded in 1919, Anthony and Malcolm Insurance provides a range of insurance services to both personal and commercial clientele. The addition of Anthony & Malcolm marks the 28th …

Innovative Coverage Concepts Appoints Gross President of Wholesale Division

Innovative Coverage Concepts LLC (ICC), a national wholesale broker and managing general agency, has announced an expansion of its wholesale operations under the leadership of Steven R. Gross, who has been appointed president of the wholesale division. “Insurance brokers and …

Arthur J. Gallagher & Co. Acquires New Jersey’s The Daniels Group

Arthur J. Gallagher & Co. has acquired New Providence, N.J.-based The Daniels Group Inc. Terms of the transaction were not disclosed. Founded in 1991, The Daniels Group is a full-service employee benefits consultant and broker serving corporations, schools, hospitals, municipalities, …

U.S. Judge Excludes 70,000 Women from Sterling Jewelers Sex Bias Lawsuit

A U.S. judge on Tuesday overturned an arbitrator’s ruling allowing about 70,000 women to take part in a nationwide sex discrimination case against Sterling Jewelers Inc even though they had not opted to join. U.S. District Judge Jed Rakoff in …

Insurance Agency M&As Soared 31% in 2017: OPTIS

Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31 percent jump from 461 in …

Industry Needs to Join Insurtech Wave to Digitize Insurance: AFL’s Esser

There is a fundamental need for reform and modernization, particularly in the London market. We should be electronically processing all lines of business, not just specialty classes. Of course, we should look at ubiquitous electronic placement too. So what can …