News

Sompo International Opens German Headquarters in Cologne

Sompo International Holdings Ltd., a global Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced it has moved its German operations from Dusseldorf to its new headquarters located in Cologne at Opladener Straße 8, 50679. “Our new office in Cologne …

Global Insurance M&A Rises in 2021, Despite Pandemic Pressures: Clyde & Co. Report

There were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a particularly strong second …

Insurer Beazley Partners With Insurtech Gaia to Offer Coverage for IVF Treatment

Lloyd’s insurer Beazley partners with insurtech Gaia to offer a new solution for individuals undertaking in vitro fertilization (IVF) treatment. The health-focused insurtech has been working with Beazley and Chaucer to design a new underwriting approach and has been appointed …

Just 3% of White Collar Workers Want to Return Full-Time to Their Offices: Survey

Just 3% of white collar workers want to return to the office five days a week, according to a poll by management consultancy Advanced Workplace Associates, which warned employees will quit if bosses force them back full-time. A full 86% …

North Carolina High Court Ends ‘Absurd’ Windfall for Comp Insurers on Temp Workers

For years, workers’ compensation insurers in North Carolina have been able to enjoy a windfall in some cases that involved temporary workers or those who gigged for a number of employers. Insurers have often charged premiums based on the worker’s …

Liberty Company Insurance Brokers Acquires LAGG in Arizona

The Liberty Company Insurance Brokers acquired LAGG in Mesa, Arizona. LAGG was formed in 2016 by Rick Mascolino. The agency helps its clients in construction, transportation and personal lines. The Liberty Company Insurance Brokers is a privately held insurance broker.

J&J Defends Baby Powder Bankruptcy Strategy Cancer Plaintiffs Call ‘Rotten’

A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims that its baby powder and other talc-based products caused cancer. The subsidiary, LTL Management, …

How Car, Home Inflation Is Driving Up Loss Costs for Insurers

The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate announced last week. Perhaps that should be no surprise. “It’s the things that we all …

Vermont Town Officials Seek Opinions on Police Review Board

A Bennington, Vermont task force is seeking opinions from the public about a recommendation for a police department review board in the southwestern Vermont community. Bennington’s 10-member Safety and Equity Task Force released its recommendations to the select board last …

Oregon Getting $262M in Wildfire Recovery Funding

The U.S. Forest Service in Oregon will receive more than $262 million in federal disaster funding to help with wildfire recovery. Oregon Public Broadcasting reported the money is part of a $1.1 billion disaster assistance bill that passed last year …

News Archives by Month