Monthly Archives: <span>March 2018</span>

Chubb Invests in Startup Bunker to Develop Gig Worker Insurance

Bunker and Chubb are working together to develop new insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker, committing at least $2 million to the startup digital broker and its focus on the small …

Internet Advertising by Unlicensed Marijuana Businesses Upset California Market

Online ads from unlicensed marijuana shops are creating turmoil in California’s emerging legal pot market. State regulators have warned the popular website Weedmaps to take down ads from illegal sellers or face possible penalties. But the company says it’s not …

Arthur J. Gallagher & Co. Acquires McGregor & Associates in California

Arthur J. Gallagher & Co. has acquired McGregor & Associates in San Diego, Calif. Terms of the deal were not disclosed. George McGregor and his team will continue to operate from their San Diego location under the direction of Norbert …

Flooding of East Coast Roads from High Tides Becoming Routine, Costly

High tide floods, or so-called “nuisance flooding,” that happen along shore roadways during seasonal high tides or minor wind events are occurring far more frequently than ever before. Researchers at the University of New Hampshire have found that in the …

New Jersey Doctor Sentenced for Cheating Medicare, Insurers Out of $3M

A New Jersey doctor who defrauded Medicare and private insurers out of $3 million has been sentenced to three years in prison. Anthony Enrico, a podiatrist with offices in Paterson, Passaic, and Elizabeth, had pleaded guilty last October to health …

Some Tornado Victims in Pennsylvania Struggle with Uninhabitable Homes

God put Brian Cross’s home in a bubble. That’s his explanation for why the tornado that blasted through Uniontown and North Union Township, Penn., last month didn’t inflict as much damage on his Millview Street home in the city as …

New York Court Affirms Gas Company on the Hook for Environmental Cleanup Costs

The New York Court of Appeals has ruled that KeySpan Gas East Corporation is responsible for costs to clean up environmental contamination caused by manufactured gas plants owned by its predecessor during years when there was no pollution property damage …

Uber Settles with Family of Victim of Driverless Accident

The family of the woman killed by an Uber Technologies Inc. self-driving vehicle in Arizona has reached a settlement with the ride services company, ending a potential legal battle over the first fatality caused by an autonomous vehicle. Cristina Perez …

Integro to Buy Lloyd’s Broker Tysers; Integro’s UK Wholesale Unit to Use Tysers’ Brand

Integro Insurance Brokers, the New York-based insurance brokerage and specialty risk management firm, announced it will acquire 100 percent of Hawkes Bay Holdings Ltd. (HBH), the privately owned parent company of Tysers & Co. Ltd., a specialist Lloyd’s broker. Further, …

Specialty Insurer Fortegra Financial Corp. Launches EU Subsidiary in Malta

Fortegra Financial Corp., a Jacksonville-based international specialty insurer and subsidiary of Tiptree Financial, announced the creation of a wholly owned European subsidiary in Malta. The unit, called Fortegra Europe Insurance Co. Ltd. (FEIC), has received authorization from the Malta Financial …