Billionaire Richard Li’s FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed by Apollo Global Management Inc. The investors include Apollo’s Athene Holding Ltd., Canada Pension Plan Investment Board, Siam Commercial Bank …
Employers may be warming up to the idea that fighting some workers’ compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers happy – and out of the courtroom. “The workers’ comp …
More than 400 claims-adjusting firms have been licensed in Florida in the last month, in keeping with a state law that requires that firms, not just adjusters, go through the licensing process, the state’s chief financial officer announced. Senate Bill …
EDWARDSVILLE, Ill. — The U.S. workplace safety watchdog is investigating the circumstances around the collapse during Friday night’s storm of an Amazon.com Inc building in Illinois in which six workers died, an official at the U.S. Department of Labor said …
One of the Boy Scouts of America’s primary insurers, Chubb Ltd. unit Century Indemnity Company, said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around 82,500 claims from people who say …
A group of tornadoes that tore across the central U.S. on December 10 and 11 resulted in widespread damage in several states and could serve as the nation’s costliest tornado outbreak on record. “Based on preliminary assessments of the extensive …
A grass fire in southwestern Oklahoma that forced evacuations was about 95 percent contained by late Friday, Dec. 10, emergency officials said. There were no reported deaths or injuries due to the fire near Lawton, which burned about 2.5 square …
High Street Insurance Partners has acquired Nebraska-based GTA Insurance Group. GTA Insurance Group provides comprehensive insurance and risk management solutions across Nebraska. It has an extensive agricultural practice and offers business and personal insurance, as well as benefits. Based in …
The initial industry loss estimates for Southern Australia’s severe storms, which occurred during the period of Oct. 28-30, 2021, are A$1.03 billion (US$739 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. In line with …
Strong winds across Michigan caused tens of thousands of new electrical outages Saturday, Dec. 11 and frustrated efforts to repair widespread damage to power lines from overnight storms. Nearly 50,000 additional outages to homes and businesses were reported by DTE …
