Firefighters are taking advantage of cooler weather to quell southeastern Australia’s wildfires that have killed at least 24 people and prompted stirring messages from stars at the Golden Globes. Some 130 blazes across New South Wales are being fought by …
American Financial Group (AFG) disclosed it will exit the Lloyd’s of London insurance marketplace in 2020, which it joined in 2008 through an acquisition. AFG will place its Lloyd’s subsidiaries including its Lloyd’s managing agency, Neon Underwriting Ltd., into run-off. …
A federal judge in Nebraska has awarded more than $610,000 to an Iowa company that sued after it said it wasn’t fully paid for masonry work at a national veterans’ cemetery in Omaha. Seedorff Masonry, of Strawberry Point, Iowa, sued …
The number of people in Minnesota arrested for driving while impaired grew by nearly 5% last year, partly due to people driving with cannabis, opioids and methamphetamine in their system, according to a state agency’s report. The Minnesota Department of …
Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired the assets of Cranbrook Bloomfield Insurance Agency LLC (CBIA) in Bloomfield Hills, Michigan. Terms of the transaction were not disclosed. CBIA is an independent insurance brokerage providing …
Johnson & Johnson agreed in the middle of a trial to pay more than $2 million to resolve a woman’s claims that asbestos-laced baby powder caused her cancer, according to people familiar with the case. The settlement marks a rare …
AssuredPartners, Inc. has acquired Star & Shield Insurance Services located in Tallahassee, Fla. The team of 11 will remain under the operational leadership of Frank Russo and Allyson Olver. The agency currently reports $2 million in annualized revenues. Star & …
Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has hired Kevin Burns to its Tampa, Fla.-based team. Burns has nearly a decade of experience in the property and casualty sector and will continue to broaden his reach and industry …
Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty Inc. has been …
The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion of NFIP’s financial risk. This annual reinsurance agreement is …
