The phrase “new normal” might be a cliché, but it was too hard for Ben McKay, executive director of the Surplus Lines Association of California, to avoid using when describing the state’s excess and surplus market in 2016 and going …
Lockton is expanding to Seattle Wash., and adding Laura Walton as a senior vice president. The move is effective Feb. 13 and is part of Lockton’s expansion in the Pacific Northwest. Walton will lead business development and client strategy for …
Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will give OMERS a 21 percent stake in Allied …
Beazley has hired life sciences underwriter Marc Amis in its San Francisco, Calif. office. Amis comes from Chubb, where he was a senior life sciences underwriter for the Western region. He was previously a regional underwriter for G.E. Risk Solutions …
Lawyers who won a $45 million settlement for Arkansas Marlboro Lights smokers will now receive a $1.9 million payment for the case. The Arkansas Democrat-Gazette reports Pulaski County Circuit Judge Tim Fox approved the reimbursement for the lawyers’ expenses on …
State Rep. Mark McBride, R-Moore, announced he has filed a measure that would fold the state building code commission into the Oklahoma Construction Industries Board (CIB). House Bill 1168 would place the Oklahoma Uniform Building Code Commission (UBCC) under the …
The Michigan Department of Insurance and Financial Services (DIFS) announced it is cracking down on fraudulent insurance sales. DIFS recently issued Cease and Desist Orders against a five entities for violating the Insurance Code. DIFS said the following entities were …
The state says the number of painkiller prescriptions continues to fall as Ohio battles a deadly addictions epidemic. Data released by the Ohio Board of Pharmacy show 631 million painkiller pills were dispensed to patients last year, down 20 percent …
Insurance brokerage firm, Hylant, has named Kevin O’Donnell and Tony Packo III to new roles within the leadership team at its headquarters in Toledo, Ohio. O’Donnell was appointed senior vice president, Property/Marine/Global Practice leader. He will manage the practice and …
After months of back and forth and uncertainty over whether lawmakers would help more than 100,000 shoppers offset skyrocketing health insurance premiums, Minnesota’s Legislature has closed in on a plan that will shave hundreds of dollars off monthly payments starting …
