Marsh, the insurance brokerage business of Marsh McLennan, announced that it has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage. Terms of the acquisition were not disclosed. Founded in 1992 by the current partners together with Giancarlo Fontana …
A forklift driver for Frito-Lay who injured his achilles tendon playing in a company basketball game is not covered by workers compensation. The Virginia Workers Compensation Commission (VWCC) upheld the denial of benefits because the employee’s voluntary participation in the …
Australia’s largest property and casualty (P/C) insurers should be well placed to manage claims stemming from tropical cyclone Alfred, which could top A$2billion (US$1.3 billion), according to a report published by S&P Global Ratings. While the path and strength of …
AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a+” (Excellent) from “aa-” (Superior) of Vermont Mutual Insurance Co. and its fully reinsured subsidiaries, Northern Security Insurance Co., …
With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room to deal with the impacts of tariffs on car repair and replacement costs, the chief executive said. But that doesn’t …
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly rushing out a peer-to-peer payment network that then allowed fraud to proliferate. The agency dropped the case against JPMorgan Chase …
Texas reported 13 new cases of measles Tuesday even as the US Centers for Disease Control and Prevention is sending a team of epidemiologists and doctors to help the state with the growing outbreak. The state has now reported a …
Fifteen years ago on February 27, a devastating 8.8 magnitude quake struck southern Chile off the coast of Concepcion, shaking the ground for four minutes and unleashing a tsunami that left 550 dead. It was the deadliest natural disaster in …
Millions of Australians are bracing for a direct hit from a tropical cyclone heading toward the nation’s third-biggest city, with the storm already forcing evacuations and closing ports and schools throughout Queensland. Tropical Cyclone Alfred, a category 2 cyclone, was …
Artemis Insurance, a full-service insurance agency and the new parent brand of Texan Insurance, announced its partnership with Louisiana-based Ozark Insurance Agency, a provider of personal and commercial insurance solutions for six decades. Ozark Insurance Agency was founded by Robert …
