Monthly Archives: <span>January 2020</span>

Appalachian Underwriters Welcomes Back Roberts as New England Regional Manager

Appalachian Underwriters Inc. (AUI) has welcomed back Derek Roberts as its New England regional manager. Working locally out of AUI’s new Maine office, he will be placing accounts in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Previously the …

InsurTechNY Opens Application Window for 2020 InsurTech Startup Competition

InsurTechNY, an InsurTech community in the New York metro area spanning carriers, brokers, startups and investors, has opened the application window for the 2020 InsurTech Startup Competition. The competition has two tracks and will award $300,000 in prizes to the …

Manulife Financial’s CEO Apologizes to Employees for Executives’ Spoof Rap Video

Manulife Financial Corp. Chief Executive Officer Roy Gori apologized to employees for a spoof rap video that was part of the executive team’s year-end message. The internal video, the third in an annual series featuring different music genres, was retracted …

Update: Australia’s Firefighters Take Advantage of Cooler Weather to Help Quell Wildfires

Firefighters are taking advantage of cooler weather to quell southeastern Australia’s wildfires that have killed at least 24 people and prompted stirring messages from stars at the Golden Globes. Some 130 blazes across New South Wales are being fought by …

American Financial Group Decides to Exit Lloyd’s, Putting Neon into Run-off

American Financial Group (AFG) disclosed it will exit the Lloyd’s of London insurance marketplace in 2020, which it joined in 2008 through an acquisition. AFG will place its Lloyd’s subsidiaries including its Lloyd’s managing agency, Neon Underwriting Ltd., into run-off. …

Iowa Company Awarded $610K in Damages, Plus Interest, in Construction Dispute

A federal judge in Nebraska has awarded more than $610,000 to an Iowa company that sued after it said it wasn’t fully paid for masonry work at a national veterans’ cemetery in Omaha. Seedorff Masonry, of Strawberry Point, Iowa, sued …

Report: Impaired Driving Arrests Increased in Minnesota in 2019

The number of people in Minnesota arrested for driving while impaired grew by nearly 5% last year, partly due to people driving with cannabis, opioids and methamphetamine in their system, according to a state agency’s report. The Minnesota Department of …

Hub International Acquires Assets of Michigan’s Cranbrook Bloomfield Insurance Agency

Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired the assets of Cranbrook Bloomfield Insurance Agency LLC (CBIA) in Bloomfield Hills, Michigan. Terms of the transaction were not disclosed. CBIA is an independent insurance brokerage providing …

J&J Reported to Settle Baby Powder Claim for $2 Million

Johnson & Johnson agreed in the middle of a trial to pay more than $2 million to resolve a woman’s claims that asbestos-laced baby powder caused her cancer, according to people familiar with the case. The settlement marks a rare …

AssuredPartners Acquires Star & Shield Insurance Services of Florida

AssuredPartners, Inc. has acquired Star & Shield Insurance Services located in Tallahassee, Fla. The team of 11 will remain under the operational leadership of Frank Russo and Allyson Olver. The agency currently reports $2 million in annualized revenues. Star & …