Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc. Terms were not disclosed. The deal is expected to close during the third quarter 2024. “We have been impressed by the Horton team …
Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane season, which has already seen three named storms. CSU’s Department of Atmospheric Science now calls for an “extremely active” total …
Chubb today said it has made several executive leadership changes in its North American general insurance business, with John Lupica becoming executive chairman. Lupica was vice chairman of Chubb Group and president of North American insurance. In his new role, …
Less people died in traffic accidents during the first three months of 2024, compared to the same time the prior year. The quarter looks to be the eighth in a row for a decline in traffic fatalities, dating back to …
The bankrupt estate of Purdue Pharma says it will support a move by the opioid maker’s creditors to sue members of the Sackler family over allegations that they improperly shifted billions of dollars of Purdue profits into offshore trusts. The …
Similac baby formula maker Abbott was expected to face a trial on Monday over claims that its formula for preterm infants used in neonatal intensive care units causes a potentially deadly bowel disease, the second trial out of hundreds of …
It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief executives said recently. Reviewing the landscapes of personal …
Former USAA chief executive officer Josue “Joe” Robles Jr., 78, died July 4. In a post to X, the company said: “Joe was a soldier at his core, and his service included multiple deployments and several distinguished honors. General Robles …
A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said they no longer have to defer to …
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection — in both property and casualty, according to three renewal reports from reinsurance brokers. “Loss-free property programs generally saw easing …
