W.R. Berkley Corporation has formed Oak Harbor Reinsurance Co. (Oak Harbor Re), a protected cell captive insurance company, which was licensed by the N.C. Department of Insurance on Nov. 25. According to the North Carolina Department of Insurance, Oak Harbor …
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark K. Ackerman, the sole shareholder of Insurance Management Group, Inc. (IMG), announced that Brown & Brown of South Carolina, Inc. has acquired substantially all of the assets …
United Valley Insurance Services Inc. has named Genna Burnett a marketing specialist. Burnett is focused on assisting members on marketing and placing workers’ compensation accounts with carriers. She previously worked as an underwriter at Employers Insurance, and prior to that …
Landmark U.S. legal action was filed last Monday (Dec. 9) accusing several major hotel groups of profiting from sex trafficking on behalf of 13 women who claimed they were sold for sex in hotel rooms. Twelve hotel chains were named …
California utility regulators have reached a settlement with PG&E Corp. over violations tied to catastrophic wildfires ignited by the company’s power lines in 2017 and 2018. The proposed settlement would prevent PG&E from recovering $1.625 billion in wildfire-related costs from …
Hundreds of Houston homeowners near U.S. Army Corps of Engineers-managed reservoirs may receive compensation for flooding of their properties during 2017’s Hurricane Harvey, a federal judge ruled on Tuesday. The U.S. Army Corps of Engineers (ACE), which managed two dams …
Performance in the U.S. personal auto insurance market continues to run favorably in 2019, on par with underwriting profits achieved in 2018, according to Fitch Ratings. However segment results for the industry are likely unsustainable going forward based on shifting …
Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to for hire common and contract truckers. Written through an exclusive agreement between Zurich and Vindati, the coverage insures against the …
A Florida city confirmed Friday that hackers seeking to extort money were responsible for crippling its computer systems earlier this week but officials have yet to decide whether they will pay a reported $1 million ransom. If they do opt …
Georgia’s governor has issued an emergency declaration because of capacity issues at Atlanta-area hospitals after a flooding incident at the state’s largest trauma center last week. Grady Memorial Hospital in Atlanta started diverting patients to other hospitals on Dec. 7 …
