MedMal Direct Insurance Co., a direct-to-physician medical professional liability insurer based in Jacksonville, Florida, has named Marc Hammett president and CEO. Hammett, who has recently served as chief financial officer of the company and president of sister company Physicians Trust …
President Joe Biden on Thursday gave victims of workplace sexual assault or harassment the right to seek recourse in a court of law instead of through forced arbitration proceedings. Biden signed into law the Ending Forced Arbitration of Sexual Assault …
Black retired football players who were denied payments for dementia in the NFL’s $1 billion concussion settlement can seek to be retested or have their claims rescored to eliminate racial bias in the testing and payout formula, under a revised …
Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services to MGAs. Financial details of the acquisition were not disclosed. Aventum said the acquisition brings an actuarial data revolution to …
Austin officials approved a nearly $3 million settlement March 3 for a teen who was seriously injured by police during 2020 protests over racial injustice _ the Texas capital city’s latest response to criticism of its handling of demonstrations in …
Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services businesses to a unit of AIA Group Ltd. for an aggregate HK$2.168 billion ($278 million). BEA agreed to sell its …
Hurricane Harvey dumped more than 50 inches of rain on parts of the Texas coast in 2017. Then in 2020, ferocious winds from Hurricane Laura destroyed homes across coastal Louisiana. Hurricane Ida hit in 2021, leaving the entire city of …
Minnesota farmers and ranchers still reeling from last summer’s drought are asking the Legislature for urgency on relief, though lawmakers on either side of the aisle have yet to agree on what a final package should look like. Relief legislation …
The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. – without input from other carriers – has set tongues wagging and emails flying among Florida insurance executives. In …
Vermont State Police say the recent multi-car pileup on I-89 likely was the largest motor vehicle crash in state history. Thirty-six vehicles were directly involved in the crash Feb. 28 in heavy and blowing snow and icy road conditions. Another …
