California Spent $1.8B Fighting 2017 Wildfires March 5, 2018 California state agencies spent nearly $1.8 billion fighting fierce wildfires that killed dozens of people and destroyed thousands of homes...
First Lawsuit Filed in Arizona Helicopter Tour Crash March 5, 2018 The parents of a British tourist who died after the Grand Canyon sightseeing helicopter he was in crashed filed the...
Alliant Acquires Hecht & Hecht’s P/C Operations in Oregon March 5, 2018 Alliant Insurance Services Inc. has acquired Portland, Ore.-based Hecht & Hecht’s property/casualty insurance services. The deal will bring Hecht &...
Nondrinker Wrongly Charged with DUI Gets Nearly $1M from NYC March 5, 2018 A man who doesn’t drink but was arrested on an impaired driving charge has settled his lawsuit against New York...
Liberty Mutual Insurance Appoints Anderson as Corporate Functions CIO in Boston March 5, 2018 Liberty Mutual Insurance has appointed Shelia Anderson to the newly created role of corporate functions chief information officer (CIO), reporting...
Power Outages, Flooding Linger Following Powerful Nor’easter March 5, 2018 By Philip Marcelo and Dave Collins Utility workers in the Northeast are racing to restore power to more than 1.5 million homes and businesses days after...
UK’s Prime Minister Defends Decision to Reject EU ‘Passporting’ for Insurers, Banks March 5, 2018 By William James Prime Minister Theresa May defended her decision to rule out so-called “passporting” rights for banks after Brexit, saying Britain could...
Manchester Underwriting Acquires Pelican Underwriting from Asta Capital March 5, 2018 Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital...
Chubb Global Markets Appoints Hiscox’s Rowley as Senior Underwriter Financial Lines March 5, 2018 Chubb announced the appointment of Benjamin Rowley as senior underwriter Financial Lines, Chubb Global Markets. Rowley is a medical malpractice...
XL Group CEO McGavick Comments on Firm’s Agreed Purchase by France’s AXA March 5, 2018 XL Group’s CEO Mike McGavick has issued the following statement to clients and brokers in response to today’s announcement that...