Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y. World Wide will operate as a division of PHLY and assume responsibility for its book of staffing business with …
World Insurance Associates LLC (WIA) has acquired R.S. Gilmore Insurance Agency Inc. of North Attleboro, Mass., on December 1, 2020. Terms of the transaction were not disclosed. The R.S. Gilmore Insurance Agency Inc. was established in 1938 and has grown …
Two businesses and their owners have been charged with fraud against the New York State Insurance Fund (NYSIF). Manuel Sanchez and his business Lagos Construction have been charged with grand larceny and other crimes for allegedly failing to pay insurance …
The U.S. Environmental Protection Agency (EPA) chief said on Monday he has finalized a rule to limit what scientific research the agency can use to formulate regulations, in a concession to big business weeks before President Donald Trump leaves office. …
Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a well-established broker within the equestrian market. Financial details of the transaction were not disclosed. Purchased by Guy and Liz Prest in 1991, …
BMS Group Ltd., the London-based independent specialist insurance and reinsurance broker, announced the launch of its Asia broking operations, headquartered in Singapore and with proposed operations in Hong Kong, pending regulatory approval. BMS Asia will initially focus on M&A insurance …
Price increases at the Jan. 1, 2021 reinsurance renewals were moderated compared to initial expectations as a result of abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to reinsurance …
South African medical-insurance companies, business organizations and the government are developing a program in which the private sector will help fund COVID-19 vaccines for people not covered by insurance. Legislation has been amended to allow the companies to fund shots …
An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Florida 3rd District Court of Appeals ruled …
The Iowa Supreme Court on Dec. 31 severely limited the financial damages that can be awarded for injuries and deaths caused by state police officers who are found to have used excessive force. The court ruled 6-1 that punitive damages, …
