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Legacy Specialist DARAG Completes First Acquisition in Luxembourg

DARAG Group Ltd., the Malta-based legacy acquirer, announced the completion of its purchase of Arisa Assurances SA, a Luxembourg-based automobile and travel insurance company previously owned by ADAC Versicherung AG. The transaction, announced in August, was conducted through DARAG’s German …

Brexit Trade Talks in ‘Final Push’ to Resolve Rift over Fishing Rights

BRUSSELS/LONDON — The European Union is giving a “final push” in a bid to strike a Brexit trade deal with Britain, the bloc’s chief negotiator said on Tuesday. Britain is set to complete its departure from the EU when it …

Here’s What’s In the $900 Billion COVID-19 Bill

U.S. congressional leaders said on Sunday they had reached agreement on a $900 billion package to provide the first new aid in months to an economy hammered by the novel coronavirus pandemic, with votes on Monday. Here’s what is in …

Different Federal, State Rules Confuse Employers Seeking COVID Vaccine for Workers

U.S. companies and industry groups trying to move their workers to the front of the line for a COVID-19 vaccine remain confused about conflicting state and local guidelines on how shots will be administered and to which workers, even as …

Viewpoint: How the Northeastern U.S. Private Flood Market Can Close the Coverage Gap

The northeastern U.S. is one of the key areas of the country at risk for flooding, as evidenced by the billions in losses from Superstorm Sandy, which saw more than $8.1 billion in 144,000 NFIP (National Flood Insurance Program) claims. …

Thomas Miller Americas Appoints Arralde as Senior Claims Director in New Jersey

Thomas Miller Americas, a provider of insurance services, has appointed Noreen Arralde as senior claims director in its New Jersey office. Arralde rejoins Thomas Miller Americas from another protection and indemnity provider, where she spent two years serving as a …

The Hilb Group Acquires New Jersey’s William H. Connolly & Co.

The Hilb Group LLC (THG) has acquired New Jersey-based William H. Connolly & Co. LLC (WHC). The transaction became effective on December 1, 2020. Founded in 1950 by William H. Connolly Sr., WHC is currently owned and run by his …

Babies Born Addicted to Opioids Can Sue Drug Makers: Tennessee High Court

The Tennessee Supreme Court has ruled that opioid producers can be sued under the state’s Drug Dealer Liability Act, allowing a lawsuit filed on behalf of children born dependent to opioids to move forward. The high court made the unanimous …

Florida Market Stabilization Critical to Reducing Citizens’ Exposure: Study

Florida’s fluctuating and volatile private market may be instigating long-term policy growth for Citizens Property Insurance Corp. and creating serious obstacles to its position as the state’s residual insurer, according to a new study. The 236-page “Exposure Reduction and Depopulation …

Florida Investigating Server Hacking Through SolarWinds Software

Florida officials acknowledged Friday that state servers appear to have been compromised by overseas hackers who gained entry by imbedding malicious code into networking software from a Texas-based software company, SolarWinds. Two Florida officials who have knowledge of the matter …

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