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

Hub International Buys Quebec-Based Azur Consulting Services

Hub International Ltd. (Hub), the Chicago-based insurance broker, announced it has acquired the assets of Azur Consulting Services Inc. Terms of the transaction were not disclosed. Located in Longueuil, Quebec, Canada, Azur Consulting Services provides employee benefits consulting, including group …

Court Revives Lawsuit Over Runaway Golf Cart Injury in New Jersey

A state appeals court on Friday revived a lawsuit by a golfer who suffered a serious leg injury when he was hit by a cart driven by another golfer. Thomas McKeown claimed Philip Capavanni shouldn’t have let his 82-year-old father-in-law …

Pennsylvania’s Workpartners Maintains Excellent Rating from A.M. Best

Workpartners, which is part of UPMC Insurance Services, has retained its financial strength rating of A- (Excellent) with a stable outlook from A.M. Best. The A- (Excellent) rating with a stable outlook applies to UPMC Workers’ Compensation Group, which includes …

Maryland Cybersecurity Bill Would Set Defense Plan for Local Agencies

A new Maryland bill would ask the state’s Department of Information Technology to develop a baseline plan for localities within the state to help battle cyber attacks. Senate bill 120, introduced by Sen. Susan Lee, D-Montgomery, would give the Maryland …

Sompo Global Risk Solutions Launches Product for Life Sciences Industry

Sompo Global Risk Solutions has introduced Sompo Life Science Plus, a products-completed operations and errors and omission liability protection product built for the life sciences industry. The new product offers coverage for various life science products, including products used in …

Georgia Moves Towards Loosening Safety Regulations for Dams Near New Homes

Georgia could soon loosen safety standards for dams that sit above newly built homes, under a proposal unanimously passed by a state Senate committee. Senate Bill 319 would allow for homes and other inhabitable structures to be built in a …

8 Convicted of Stealing $5.2M from South Florida Casino

Four former South Florida casino employees and their wives have been convicted of stealing $5.2 million from the business over several years. The U.S. Attorney’s Office in Miami announced Tuesday that Michel Aleu, Lester Lavin, Yohander Jorrin Melhen and Leonardo …

AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals

Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to weigh on reinsurers, leading to a likely rise in rates for the upcoming June renewal period. As noted in AM …

Another Federal Circuit Finds Phishing Loss Covered Under Crime Policy

Companies of all sizes have fallen victim to attacks whereby fraudsters will use deceptive communications, such as spoofed emails, to trick an employee into transferring money into the fraudsters’ control. While these increasingly prevalent schemes are an ever-present risk for …

Newfront Insurance in California Names Young General Counsel

San Francisco, Calif.-based Newfront Insurance has named Jonathan Young general counsel. Young oversees legal and compliance issues in all departments and provides advice to clients on claims issues. Young previously ran his own practice at Tonkon Torp LLP, where he …