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Report: Workers’ Comp Claims, Costs Continue Downward Trend in Minnesota

The number of paid workers’ compensation claims fell 53 percent relative to the number of full-time-equivalent (FTE) employees from 1997 to 2015, according to the Department of Labor and Industry’s 2015 Minnesota Workers’ Compensation System Report. The DLI said the …

Marsh & McLennan Agency Acquires Minnesota’s RJF Financial Services

Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired RJF Financial Services, a retirement advisory firm based in Brooklyn Park, Minnesota. Terms of the transaction were not disclosed. RJF Financial has served retirement plan …

Initial Insured Loss Estimate for Storm Thomas Is €213M ($222.7M): PERILS

The initial estimate of insured property market losses for extra-tropical cyclone Thomas, which hit the British Isles, the Netherlands, Belgium and Germany on Feb. 23-24, 2017, is €213 million (US$222.7 million), according to PERILS, the independent Zurich-based organization that provides …

Trov in California Closes $45M in Series D Financing for Insurtech

San Francisco, Calif.-based Trov announced that it has closed $45 million in Series D funding led by Munich Re/HSB Ventures, bringing its total funding to just over $85 million. All of Trov’s Series C investors participated in the round: Oak …

JLT Specialty Names Shiels Senior Vice President in California

JLT Specialty USA has named Gavin Shiels senior vice president. Shiels will be based in San Francisco, where his primary focus will be on client development within JLT’s real estate practice. Shiels has more than a decade of experience in …

On-Demand Insurance App Trov Grabs $45M Led by Munich Re/HSB Ventures

On-demand insurance provider Trov has $45 million in new capital to expand its operations, thanks to a Series D funding round led by Munich Re / HSB Ventures. The round brings Trov’s total funding to just over $85 million. Trov …

UK’s Alan Boswell Group Buys Sutcliffe Insurance Brokers

Alan Boswell Group, the Norwich, England-based insurance broker and financial adviser, announced it has acquired Sutcliffe Solloway & Co. Ltd. (trading as Sutcliffe Insurance Brokers), thereby expanding its business into Lincolnshire, England. The financial terms of the acquisition were not …

Through the Roof: Drone Startup Cites Milestone of 6,000 Inspections

BetterView, an insurance technology startup that captures and analyzes data from drones, said it has performed more than 6,000 roof top inspections for insurers since its inception two years ago. San Francisco, California based BetterView has software that streamlines the …

Judge Gets High-Stakes New Jersey Dune Wars Case

A judge will consider a high-stakes, multimillion-dollar battle over whether a wealthy New Jersey shore enclave can opt out of a protective sand dune plan in an area devastated by Superstorm Sandy. Both sides in the lawsuit brought by oceanfront …

Delaware Bill Aimed at Substance Abuse Insurance Coverage

House lawmakers have unanimously approved legislation aimed at ensuring that people struggling with drug addiction get the help they need. Supporters of the bill say denial of insurance coverage for substance abuse treatment is a major source of failed treatment …

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