Monthly Archives: <span>August 2019</span>

Chubb Launches Combined Product for Professional Service Firms

Chubb has introduced a new offering designed to help professional service firms mitigate a variety of exposures that can impact their businesses. The new Pro ERM offering combines miscellaneous professional liability, media liability, cyber liability, and first-party cyber coverages with …

Report Bayer Offered $8 Billion to Settle Roundup Claims Is ‘Fiction,’ Says Mediator

Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% …

Mendota, Mendakota Insurance Companies Relocate to Tennessee from Minnesota

Mendota Insurance Company and Mendakota Insurance Company have completed relocating their corporate headquarters and changing their state of domicile from Minnesota to Tennessee, according to a statement from the Tennessee Department of Commerce and Insurance. The insurance companies, which offer …

Execs: Wholesalers at Center of Topa Plans After Acquisition of California Insurer

Two key executives involved in the acquisition of Topa Insurance Group by Altamont Capital Partners who spoke about the deal were emphatic about one thing: wholesalers will continue to be the center of the company’s distribution model. Altamont announced on …

Everest Insurance Launches Everest Elevation REIT Management Liability Policy

Everest Insurance has released a new Everest Elevation REIT Management Liability Policy (Everest Elevation), which provides management liability coverage for real estate investment trusts (REITs). The Financial Lines group at Everest Insurance offers industry-specific management liability insurance on a primary …

1 Death Linked to Legionnaires’ Outbreak at Atlanta Hotel

The Georgia Department of Public Health has confirmed one death linked to a Legionnaires’ outbreak at an Atlanta hotel. News outlets report 49-year-old Cameo Garrett died July 9 of coronary artery disease aggravated by Legionella. DeKalb County Medical Examiner Pat …

Temple OK’d to Run Against Donelon in Louisiana Insurance Commissioner Race

A Republican challenger to Louisiana’s long-serving insurance commissioner has qualified for the Oct. 12 statewide election. Tim Temple, a Republican from Baton Rouge, will be facing off against Jim Donelon, a Metairie Republican who has led the Louisiana Department of …

Feds Grant Oklahoma Tribe Disaster Designation Following Storms

The Oklahoma-based Muscogee (Creek) Nation has received a federal disaster designation to help it recover from damage caused by severe storms, tornadoes and flooding in May and June. The declaration was announced by the White House and makes federal funding …

Enbridge Says Gap Beneath Great Lakes Pipeline not a Risk; Officials not so Sure

Erosion has created a gap beneath an oil pipeline in a key Great Lakes channel that’s wider than allowed under an agreement with the state of Michigan, oil transport company Enbridge Inc. said. The Canadian company said the opening between …

Greenlight Re Innovations Invests in Australia Property Claims Platform Handdii

Greenlight Re Innovations (GRI), a subsidiary of Greenlight Capital Re Ltd., announced it has made a strategic investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Melbourne, Australia-based Handdii is reinventing property claim processes by seamlessly pairing insurance …