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People Moves: MEMIC Promotes Three Team Members to Key Director Roles

The MEMIC Group, headquartered in Portland, Maine, has promoted three veteran team members to key managerial roles. Janine Bard has been promoted to director of claims, Maine region. Bard started as a compensation specialist in 2002 before being promoted to …

Michigan I-96 Pileup Leaves 16 Hospitalized

PORTLAND, Mich. (AP) – An interstate highway stretch in central Michigan has reopened following a massive pileup involving 150 vehicles in whiteout conditions that left 16 people hospitalized. Interstate 96 in Ionia County reopened about 10 p.m. Saturday, about five …

NFP Acquires Illinois’ David Marcus

NFP, a property and casualty broker, benefits consultant, wealth manager and retirement advisor, announced it has acquired David A. Marcus & Associates, Inc. and Deerfield Financial Group, LLC (David Marcus). Based in Deerfield, Illinois, David Marcus is a multidisciplinary insurance …

Louisiana Supreme Ct. Reverses, Rejects Coverage for COVID Shutdown

The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder’s business-interruption claim for income lost because of government restrictions imposed to slow the spread of COVID-19. The high court on Friday reversed the Louisiana …

Correll Group Acquires Two More SE Agencies

Correll Insurance Group, a rapidly growing agency in the Southeast, announced two more acquisitions of Tennessee-based agencies: SouthPoint Risk, in Nashville, and Insight Risk Management, in Memphis. Correll said in a news release that it has made 10 acquisitions in …

Workers’ Compensation Must Reimburse for Medical Marijuana Costs in Pennsylvania

Injured workers in Pennsylvania are entitled to be reimbursed for medical marijuana costs under the state’s workers’ compensation law. The Commonwealth Court of Pennsylvania has ruled that while the Medical Marijuana Act (MMA) does not require insurers or self-insured employers …

U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows

US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis. Treasury Department staff are …

Arthur J. Gallagher Acquires Viking Bond Service in Arizona

Arthur J. Gallagher & Co. acquired Phoenix, Arizona-based Viking Bond Service Inc. Tom Buckner, Bill Belpedio and the Viking Bond team will operate under the direction of Kevin Garvin, head of Affinity North America for Gallagher’s retail property/casualty brokerage operations. …

Fox, Dominion Pursue Pretrial Wins in $1.6B Defamation Case

Lawyers for Dominion Voting Systems on Tuesday were asking a Delaware judge to find Fox Corp. liable for defamation over airing debunked vote-rigging claims, while Fox lawyers fighting a $1.6 billion lawsuit counter that the network’s 2020 election coverage was …

UK Businesses Face Risk of Underinsurance as Construction Costs Reach Record Highs

Continuing high levels of inflation in construction costs in the UK and globally, risk leaving homes and businesses underinsured in the event of fire or another catastrophic event, warned Chaucer, the specialty re/insurance group. Many businesses have tried to save …

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