California state agencies spent nearly $1.8 billion fighting fierce wildfires that killed dozens of people and destroyed thousands of homes and businesses last year, legislative budget experts reported Thursday. The federal government will reimburse most of the costs, but the …
The parents of a British tourist who died after the Grand Canyon sightseeing helicopter he was in crashed filed the first wrongful death lawsuit related to last month’s crash. The complaint filed in Clark County District Court in Nevada accused …
Alliant Insurance Services Inc. has acquired Portland, Ore.-based Hecht & Hecht’s property/casualty insurance services. The deal will bring Hecht & Hecth’s P/C insurance services under the Alliant banner. Alliant previously acquired Hecht’s employee benefits arm in 2016. Hecht, along with …
A man who doesn’t drink but was arrested on an impaired driving charge has settled his lawsuit against New York City for nearly $1 million. According to the Daily News, Oliver Wiggins says he was charged in a cover-up after …
Liberty Mutual Insurance has appointed Shelia Anderson to the newly created role of corporate functions chief information officer (CIO), reporting to Liberty Mutual’s executive vice president and CIO, James McGlennon. Based in Boston, Mass., Anderson will focus on enabling customer …
Utility workers in the Northeast are racing to restore power to more than 1.5 million homes and businesses days after a powerful nor-easter caused flooding and wind damage from Virginia to Maine. Conditions slowly improved on Saturday as the cleanup …
Prime Minister Theresa May defended her decision to rule out so-called “passporting” rights for banks after Brexit, saying Britain could not become a “rule taker” when it came to financial services. May said her vision for future ties to the …
Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and specializes in writing solicitors’ professional indemnity (PI) in England and Wales. …
Chubb announced the appointment of Benjamin Rowley as senior underwriter Financial Lines, Chubb Global Markets. Rowley is a medical malpractice specialist with a broad knowledge of errors and omissions and will be responsible for growing and managing this specialized area …
XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that XL has entered into an agreement to be acquired by French insurer AXA. Dear Valued Partners, We wanted to let …
