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Specialist MGA Platform Pine Walk Launches Energy Liability MGA, OPEnergy

Pine Walk Capital Ltd., the London-based specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Ltd. OPEnergy received regulatory approval from the UK regulator on Jan. 6, 2022 and will write onshore and offshore energy liability risks, …

Inszone Acquires Illinois’ Lamb, Little & Co.

Inszone Insurance Services, a national provider of benefits, personal and commercial lines insurance, has acquired Illinois-based Lamb, Little & Co. This acquisition will broaden Inszone’s U.S. presence to include Illinois and further develop its presence in the Midwest Region of …

India Pushes for $203 Billion Valuation for State-Owned Insurer in Mega IPO: Sources

India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a …

Efma-Accenture Innovation Awards Offer View of Insurance Industry’s Transformation

Daniele Presutti, Accenture’s Insurance lead in Europe, and Silvia Milián, Accenture’s Insurance lead for strategy and consulting in Iberia discuss how the submissions to 2021’s Efma-Accenture Innovation in Insurance Awards demonstrated the extent that the insurance industry has been developing …

No Need for Experts in Claims Litigation: Just Use Google Earth, Florida Bill Says

Insurers would no longer need to hire expensive expert witnesses in some claims disputes, but could rely on Google maps and images to show the age of property damage, if a Florida Senate bill becomes law and is endorsed by …

Court Agrees Harvard Not Responsible for Legal Fees of Professor with China Ties

Harvard University is not required to pay legal defense fees for a professor who was found guilty of hiding his ties to a Chinese-run recruitment program, Massachusetts’ highest court ruled Monday. In its decision, the Supreme Judicial Court found that …

Smart Guns Finally Arriving in U.S., Seeking to Shake Up Firearms Market: Reuters

Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions about reliability and concerns they will usher in a new wave of government regulation. Four-year-old LodeStar Works …

Luxury High-Rise in California Tilting 3 Inches Per Year

A 58-story luxury apartment building in San Francisco continues to sink and is tilting about 3 inches per year, the engineer responsible for fixing the troubled building said. At the current rate without a fix, the Millennium Tower in just …

Judge Gives Preliminary OK to Firm’s $34M ‘Forever Chemical’ Settlement in Vermont

A federal judge has given preliminary approval to a $34 million settlement of a class-action lawsuit against a chemical company over contamination of groundwater and soil in a southern Vermont community. Notices are going out to hundreds of potential suit …

LDI Affirmed in State Farm Hurricane Barry Deductible Case

A Louisiana administrative hearings panel has ruled that Insurance Commissioner Jim Donelon was justified in preventing State Farm from enforcing a hurricane deductible for certain losses caused by Hurricane Barry in July 2019. The Louisiana Division of Administrative Law (DAL) …

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