Hub International Limited (Hub), a Chicago-based global insurance brokerage, has acquired the assets of United Shortline Insurance Services Inc. (USIS) in Port Austin, Mich. Terms of the transaction were not disclosed. USIS specializes in the shortline and regional railroad insurance …
The New York State Department of Financial Services (DFS) has entered into a settlement with the National Rifle Association (NRA) to resolve alleged violations of New York insurance law. The settlement includes a monetary penalty of $2.5 million and means …
Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. (an asset manager undertaking its re/insurance business as HSCM Bermuda) to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM have …
What can the International Space Station teach us about mudslides here on Earth? Here is the connection: UC San Diego engineers are trying to better understand the role gravity plays in mudslides. That is why in 18 months, they will …
Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second quarter related to the coronavirus and the steep economic decline, according to a report published by Moody’s Investors Service. Indeed, …
Sonoma County and several Northern California agencies sued Pacific Gas & Electric Co. on Tuesday over damage caused by a wildfire that burned a large swath of land last year and caused nearly 100,000 people to flee. The Kincade Fire …
A New York woman who stole $3,065.28 in workers’ compensation benefits by forging her late father’s name in order to cash the checks has been sentenced to one year in jail. Bonnie S. Slater of Randolph, N.Y., was sentenced in …
Sayata Labs has hired Mat Reardon as business development manager for the East Coast and Tim Regilio to manage West Coast activities also as business development manager. Reardon will manage all current and prospective partner relationships on the East Coast. …
The owner of a mobile home park and other residences has filed a lawsuit against companies and a nonprofit group connected to the 2019 fatal propane explosion in Maine. The Farmington explosion killed fire Capt. Michael Bell and injured seven …
Property/casualty specialty insurer RLI Corp. said current CEO Jonathan Michael is retiring at the end of 2021, and RLI Insurance President and Chief Operating Officer Craig Kliethermes will succeed him. Michael’s official retirement day is Dec. 31, 2021, which will …
