Monthly Archives: <span>June 2021</span>

U.S. Suit Against Aon-Willis Merger Assigned to Bush Nominee Judge Walton

Senior Judge Reggie Walton, who joined the U.S. District Court for the District of Columbia in 2001, will hear the Justice Department’s lawsuit aimed at stopping insurance broker Aon’s $30 billion acquisition of Willis Towers Watson. The U.S. Justice Department …

Safety Agency Pursuing 30 Investigations Into Tesla Crashes

U.S. auto safety regulators said on Thursday they have opened 30 investigations into Tesla crashes involving 10 deaths since 2016 where advanced driver assistance systems were suspected of use. The National Highway Traffic Safety Administration (NHTSA) released a list offering …

Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion

Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s international expansion, with a particular emphasis on …

French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns

A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses suffered by his restaurants during the country’s lockdowns, a person familiar with the matter said. Chef Michel Troisgros has asked …

Stormy Weekend: Tropical Storm Warning Issued for Gulf Coast, Louisiana to Florida

The National Hurricane Center’s updated its tropical storm warning for the Gulf Coast is in effect for east of Morgan City, Louisiana to the Okaloosa/Walton County line in Florida. The center has warned of heavy rainfall and flooding. On Friday, …

People Moves: Lockton Names Harrison Market Leader in California, Hanleigh Names Haley Sales Director

Lockton Insurance Brokers LLC has named Sherri Harrison, senior vice president, to market leader. Harrison is responsible for clients, people, operations and the growth of the benefits practice in San Diego, Calif., and Orange County, Calif. Harrison has more than …

Is a Climate Change-Driven ‘Megadrought’ Looming over Parts of U.S.?

The Western U.S. could be in for a wild ride thanks to climate change. That’s the brunt of the buzz in the news this week, as multiple media outlets gave heavy coverage to the severe drought and heatwave currently creeping …

Cannabis Wholesaler Cannasure Now Operating in California

Cannasure Insurance Services is now providing its wholesale brokerage and managing general agent services to retail brokers representing insureds domiciled in California. Cannasure announced it will offer property capacity of up to $40 million in total insured values as well …

More Defendants Plead Guilty in Louisiana Staged Auto Crash Cases

Two more defendants have pleaded guilty conspiring to stage automobile accidents in order to defraud insurance and trucking companies. The defendants from Orleans and Jefferson Parishes pleaded guilty before United States District Court Judge Sarah S. Vance to helping stage …

Drought Contributes to Rise in North Dakota Wildfires

The number of wildfires this year in North Dakota has increased significantly, according to state officials, who cite extremely dry conditions. Data collected by the North Dakota Forest Service and the state Department of Emergency Services shows nearly 1,400 fires …