Palomar Holdings Inc. has formed Palomar Excess and Surplus Insurance Co. Palomar Holdings Inc. announced the underwritten public offering of 1 million shares of the company’s common stock PESIC has received all necessary regulatory approvals to operate as an excess …
Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based Nephila is the largest institutional asset manager dedicated to investing in natural catastrophe and weather risk. Nephila’s Syndicate 2357 at …
Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance, according to Aon’s monthly Global Catastrophe …
A Delaware couple who filed a wrongful death lawsuit after their infant son died at a home day care center has lost a bid to have a judge rule in their favor without a trial. Carlita and Charles Laws argued …
Firearms manufacturer Smith & Wesson Brands Inc. negligently marketed the AR-15 style semiautomatic rifle that was used in a 2019 mass shooting at a California synagogue, victims and survivors claim in a lawsuit. The company illegally designed and marketed its …
Federal authorities say that a North Carolina man is facing charges related to setting fires in two businesses in downtown Raleigh during protests against racism and police brutality. The Raleigh News & Observer reports that agents with the Bureau of …
A family of farmers in North Florida is seeking answers after a field of watermelons was sprayed with damaging chemicals. Hugh Martin told the Gainesville Sun his family is offering a $10,000 reward for information that helps lead to the …
The Plexus Groupe, a privately held broker, has acquired Community Insurance Group (CIG) of Brandon, Fla. This is the first entrance into the Florida market for Plexus, which has locations in Atlanta, Chicago, Dallas, Los Angeles and Oklahoma City. The …
Alliant has hired Dan Schoenberg as co-leader of Alliant Mergers & Acquisitions. Schoenberg has experience in representations and warranties insurance, tax insurance and litigation insurance, as well as insuring other contingent risks in M&A and non-M&A-related situations. Based in New …
World Insurance Associates LLC (WIA) acquired Millennium Medical Solutions Corp. of Armonk, N.Y., on June 1, 2020. Terms of the transaction were not disclosed. Millennium Medical Solutions Corp. is an employee benefits consulting boutique agency that specializes in commercial healthcare. …
