business News

Private Equity Firm Invests in Injured Worker Case Manager Allegiant Medical Care

Council Capital, a healthcare-focused private equity firm, has acquired Allegiant Managed Care, a nurse case management company providing services within workers’ compensation and other property/casualty insurance lines. Terms of the transaction were not disclosed. Based in Pittsburgh, Allegiant Managed Care …

Amazon Faces Renewed Pressure From UK Lawmakers Over Warehouse Conditions

UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told …

One80 Buys Wholesale Comp Broker PMC Insurance

One80 Intermediaries, a specialty insurance wholesale broker based in Boston, has acquired PMC Insurance Group, a workers’ compensation wholesale broker and program manager. With offices in Bedford, Massachusetts, PMC was launched in 1996 to help independent agents by providing workers’ …

Firefighters Suspect Arson in Fire at Tulsa, Oklahoma Business

Tulsa firefighters say a blaze that consumed a midtown vacuum store was intentionally set. Firefighters were called out around 5:30 a.m. Tuesday morning to the Teter Sweepers business after witnesses reported seeing smoke as far as one mile away. Responders …

Verisk Climate, WDT to Develop Weather-Related Analytics Products for Businesses

Verisk Climate, a provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry technology provider, have formed a long-term alliance to develop new, more advanced analytics and products focused on the business impacts from weather …

Argo Surety to Issue Surety Bonds in Europe for U.S. Clients

Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European Union (EU). Policies will be written through Argo Group’s European subsidiary, ArgoGlobal SE, which has been authorized by the …

Berkshire Hathaway GUARD Expands BOP Product to California

Berkshire Hathaway GUARD Insurance Companies (formerly known as GUARD Insurance Group) has begun offering its business owners policy (BOP) and umbrella coverage in California. The company already has a presence in the state offering workers’ compensation with a premium total …

Verisk Climate, HSB Launch Service to Assess Electrical Blackout Risk

Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have introduced new technology and consulting services that help insurers and businesses predict the likelihood, severity, and financial exposure of U.S. electrical blackouts, which cause more than $100 …

Zurich Launches Side A D&O Coverage for Corporate Leaders in the U.S. and Abroad

Zurich has introduced a new Side A D&O policy that addresses the evolving litigation landscape and provides coverage for liability exposures in the global marketplace, including China, Brazil, Mexico, Japan and India. The new policy is now available for customers …

Travelers Launches Online Cyber Risk Resources for Business Owners

Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers’ information. The launch of the new resources coincides with the start of National …