The state has argued in court that a climate change lawsuit filed by 16 young Alaska residents should be thrown out because climate policies must be decided by the state Legislature and the executive branch, not the courts. The state …
Hub International Ltd. has acquired certain assets from Kelly King Insurance Services. Terms of the deal were not disclosed. Ripon, Calif., Kelly King’s property/casualty insurance solutions are focused on insuring landscaping and tree care business operations. Chicago, Ill.-based Hub is …
Arthur J. Gallagher & Co. has acquired Bellevue, Wash.-based ClearPoint Financial Inc. Terms of the deal were not disclosed. Paul Grutzner, Michael Brown and their associates will continue to operate from their current location under the direction of Norbert Chung, …
Jonathan W. Hall, chief operating officer of commercial and industrial property insurer FM Global will retire on July 1, 2018, after 37 years with the company. During his tenure with FM Global, Hall has held a variety of leadership positions. …
North P&I Club has further strengthened its specialist cargo claims team with the appointment of David Richards as deputy director, Cargo. Richards, formerly a partner with Ince & Co and a Legal 500 recommended dispute resolution lawyer, is a specialist …
State Automobile Mutual Insurance Co.’s newly launched $25 million venture fund has made its first investment. The lucky winner is Matterport, a 3-D documentation firm that can be used in underwriting and claims. Neither party – State Auto Labs Fund …
American International Group Inc. reported a 21 percent decline in first-quarter profit on Wednesday, due to higher catastrophe and bad weather claims, as well as weaker investment income. The insurer posted $938 million, or $1.01 per share, in net income …
A Massachusetts family whose 5-year-old special needs daughter was left stranded for hours on a cold school bus has settled a lawsuit against the school district. A lawyer for the Gloucester family told The Gloucester Daily Times on Monday that …
Greenhill & Co. Inc., an independent investment bank, has hired Matthew Morris in New York as a managing director and head of Insurance Corporate Advisory. Morris has 21 years of investment banking experience focused on the insurance industry. Most recently, …
A.M. Best has affirmed its financial strength rating of A- (Excellent) and its long-term issuer credit ratings of “a-” while revising its outlook to negative from stable for Glastonbury, Conn.-based Connecticut Medical Insurance Company and its sponsored risk retention group …
