Monthly Archives: <span>April 2022</span>

Randall & Quilter Agrees to Acquisition by R&Q Shareholder Brickell for £482M

Randall & Quilter Investment Holdings Ltd. (R&Q), the Bermuda-based program management and legacy acquisition specialist, announced it has agreed to be purchased by shareholder Brickell PC Insurance Holdings LLC for £482 million ($632 million) in cash, as well as $100 …

People Moves: MacKinnon Joins Union Mutual; Gilbert Agency in Massachusetts Adds Monti

MacKinnon Joins Union Mutual Vermont’s Union Mutual Insurance Co. has hired George MacKinnon to be as vice president of underwriting. MacKinnon has 30 years of experience in the insurance industry, working most recently at Patrons Oxford as vice president of …

Hub Acquired Chun-Ha Insurance Services in California

Hub International Ltd. acquired Chun-Ha Insurance Services Inc. in Garden Grove, California, Chun-Ha Insurance is an agency serving the Korean American community, providing insurance solutions, including commercial and personal insurance, and employee benefits services. Ki Hong Park, CEO and president …

California’s Corporate Diversity Law Ruled Unconstitutional

A Los Angeles judge ruled that California’s landmark law mandating that corporations diversify their boards with members from certain racial, ethnic or LGBT groups is unconstitutional. The brief ruling granted summary judgment to Judicial Watch, a conservative legal group that …

California Drought Deepening as Wet Season is Anything But

California is experiencing one of the driest starts to spring in decades, data showed Friday, and absent a heavy dose of April and May showers the state’s drought will deepen and that could lead to stricter rules on water use …

West Virginia Starts Day in Court Versus Drug Opioid Drugmakers

West Virginia is set to go to trial this week against Johnson & Johnson JNJ.N, Teva Pharmaceuticals Industries and AbbVie Inc. over claims that the companies fueled an opioid epidemic in the state. West Virginia accused the drug manufacturers of …

WV Governor Signs Bill Creating Mutual Company for Mine Reclamation Costs

West Virginia Gov. Jim Justice has signed into law a bill that creates a mutual insurance company dedicated to coal mine reclamation costs. Critics have called it an ill-fated coal industry bailout, but supporters said it would protect taxpayers against …

ClearPath Expands into West Virginia May 1

ClearPath Mutual Insurance Co., a Kentucky-domiciled workers’ compensation insurance provider, has expanded into West Virginia, the company announced. ClearPath, which writes almost $50 million in premiums, said it is the second-largest workers’ comp carrier in Kentucky. It began about 40 …

Markets/Coverages: Bundler Branch Adds 6 States; Pathpoint, Bold Penguin E&S Partnership; Rokstone Owners’ Interest Policy

Auto, Home Insurance Bundler Branch Now Available in 25 States Branch, an insurance company that touts “instantly-bundled” home and auto insurance, announced its expansion to the six states of Idaho, Iowa, New Hampshire, South Dakota, Tennessee, and Virginia. These bring …

Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently

Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously defend” itself against any legal claims. Greensill’s supply chain …