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

Alliant Acquires Northern California-Based ASURA Risk

Alliant Insurance Services has acquired Northern California-based ASURA Risk in San Ramon, Calif. Kevin Kilty, principal with ASURA Risk, along with fellow principals Greg Miller and Jon Wheeler, and the entire ASURA team, will join Alliant and continue servicing clients …

Contractor Materials Shortages and Materials Price Inflation

This post is part of a series sponsored by Old Republic Surety. The 2021 construction boom is great for your contractor clients, right? Yes, demand is up — but contractors also are dealing with soaring costs and supply chain and …

FDA Grants Full Approval to Pfizer-BioNTech COVID-19 Vaccine

The U.S. drug regulator on Monday granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, making it the first to secure such Food and Drug Administration validation as health authorities struggle to win over vaccine skeptics during a relentless …

People Moves: Aon Reinsurance Appoints 6; TigerRisk Hires Edwards from Lloyd’s; Nexus Names Tan Head of Treaty; Riveros to AXIS Re for Credit & Surety

This edition of International People Moves details reinsurance-related appointments at two brokers: Aon Reinsurance Solutions and TigerRisk as well as MGA Nexus and AXIS Re. A summary of these new hires follows here. Aon Transforms Reinsurance Solutions Team with 6 …

Prosecutors in Louisiana Reach $2M Settlement with Exonerated Man

Local prosecutors have reached a $2 million settlement with a New Orleans man who spent 23 years in prison before being cleared on charges including rape and manslaughter. “I welcome this measure of justice after so many years,” Robert Jones, …

Judge: California Ridesharing Law Is Unconstitutional

A judge Friday struck down a California ballot measure that exempted Uber and other app-based ride-hailing and delivery services from a state law requiring drivers to be classified as employees eligible for benefits and job protections. Alameda County Superior Court …

Applied Sets Acquisition Completion of Alaska Timber Insurance Exchange

Applied Underwriters anticipates completing the acquisition of Alaska Timber Insurance Exchange as soon as the fourth quarter of 2021 as ATIE concludes its conversion from a reciprocal to a stock insurance company having received regulatory approval this past week. An …

OSHA Proposes $1.3M in Penalties Over Massachusetts Worker Deaths

Federal workplace safety regulators on Wednesday proposed $1.3 million in penalties for the construction company that employed two men who died when they were struck by a dump truck and pushed into a 9-foot deep trench at a sewer project …

Biden Administration Sanctions Russian Insurer for Nord Stream 2: Report

The Biden administration imposed sanctions on two Russian entities over their involvement in the Nord Stream 2 pipeline project, but is leaving in place a waiver that spared the company overseeing the construction and its top executive. The U.S. [report] …

Alera Group Acquires Third-Party Administrator Related Risk

Alera Group, an independent, national insurance and wealth management firm, acquired Related Risk, a third-party administrator (TPA) that helps insurance companies and employers generate new premiums and profits by accelerating product speed-to-market while ensuring compliance with emerging and evolving statutory …