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

New Jersey Man Charged for Fraudulent Insurance Claim After DWI Wreck

A Roselle, N.J., man has been criminally charged with filing a fraudulent insurance claim for repairs on a luxury vehicle he wrecked while intoxicated earlier this year, acting Union County Prosecutor Lyndsay V. Ruotolo and Roselle Police Chief Brian Barnes …

Hub International Acquires Virginia’s The Olson Insurance Agency, Insure All

Hub International Limited, a global insurance brokerage, has acquired the insurance brokerage assets of The Olson Insurance Agency LLC and Insure All LLC. Terms of the transaction were not disclosed. The owners of The Olson Agency and Insure All, Max …

Robinson+Cole Expands New York Office with Eight Member Financial Lines Team

Robinson+Cole has expanded its New York office with the addition of two partners, John F. McCarrick and Erica J. Kerstein, as well as two counsel, Phyllis A. Ingram and Sedgwick M. Jeanite, and four associates, Meryl E. Breeden, Joseph A. …

Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar

Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for $35.00 per share, in an all-cash offer valued at approximately $700 million. The deal …

Pilot Unions, Families of Crash Victims Seek Revisions to Training for Boeing 737 Max

Pilot unions and families of those killed in a crash of Boeing Co.’s 737 Max are asking for revisions to proposed new training for the grounded jetliner. The Federal Aviation Administration’s proposed new training module and emergency checklists for the …

DiBattista to Lead Nationwide E&S Brokerage

Nationwide has named Jude DiBattista to head its E&S Brokerage wholesale primary and excess casualty unit. DiBattista will lead the E&S Brokerage wholesale casualty team from New York and will report to Tom Jurgens, senior vice president, E&S/Specialty Brokerage Underwriting. …

Federal Judge Dismisses Amazon N.Y. Warehouse Workers’ COVID-19 Lawsuit

A federal judge dismissed New York warehouse workers’ lawsuit against Amazon, ruling that their allegations about the company’s handling of the COVID-19 pandemic should have been brought to the Occupational Safety and Health Administration instead. The lawsuit filed in June …

Nigerian Insurers Expect Record Claims from Police Brutality Protests

Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting and destruction. Risk underwriters all over the country are inspecting business sites and verifying claims following loss notifications from big …

Royal Caribbean Suspends Most Cruises Through Year End as COVID Cases Rise Globally

Cruise operator Royal Caribbean Group said on Monday it would stop all its cruises, excluding sailings from Singapore, through the end of the year, extending previous suspensions as coronavirus infections continue to increase globally. The company’s announcement comes days after …

CNA Turns Q3 Profit; P/C Combined Ratio Rises Above 100%

CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net catastrophe losses soared, however, due to three …