Coverys, a medical professional liability insurer, and Global Insurance Management Company, Inc. (GIMC), a provider of medical professional liability insurance for physicians and other healthcare providers, have entered into a definitive merger agreement pursuant to which Coverys’ ProMutual Group, Inc. …
International insurer HDI Global Insurance Company (HDI) has introduced a new cyber product, Cyber+ Smart, designed to support the manufacturing sector. Cyber+ Smart is designed for U.S. enterprises with annual revenues of up to $350 million. Coverage is provided on …
Workers’ compensation rates in Tennessee are going down again next year. The Tennessee Department of Commerce and Insurance (TDCI) announced this week that the National Council on Compensation Insurance (NCCI) is seeking a loss cost reduction of over 12 percent …
The eye of Hurricane Irma grazed the Turks and Caicos Islands on Thursday, rattling buildings after it smashed a string of Caribbean islands as one of the most powerful Atlantic storms in a century, killing 14 people on its way …
The U.S. Federal Emergency Management Agency will run out of disaster assistance funding on Friday unless Congress approves more money, two Florida senators warned on Thursday. As Hurricane Irma barrels through the Caribbean on its way to an expected landfall …
Woodruff-Sawyer has named Nikki Brissette an account executive and vice president in its Hawaii-based operations, Risk Solution Partners. Brissette will be responsible for client relationships, designing risk management programs, recruitment and business and product development. Prior to joining RSP, Brissette …
Specialty Program Group LLC has acquired the assets of Burbank, Calif.-based wholesaler Monarch E&S Insurance Services. Monarch E&S is a full-service MGA and wholesale brokerage established in 1986. The firm provides solutions for lines of business in both the commercial …
Bad design and construction of the tallest U.S. dam a half-century ago and inadequate state and federal oversight since then led to a disastrous spillway collapse in February, an independent national team of dam safety experts said this week as …
Sanlam Ltd., the largest South African-based insurer, said prospects for its domestic business will remain muted for the rest of this year and into 2018 as political uncertainty knocks confidence and markets. Political and economic policy uncertainty is “not likely …
Arthur J. Gallagher & Co. announced the acquisition of Nordic Försäkring & Riskhantering AB (Nordic), located in Gothenburg, Sweden. Terms of the transaction were not disclosed. Founded in 1991, Nordic is a retail insurance broker offering a broad range of …
