California will authorize $536 million for wildfire mitigation and forest management projects before the worst of the fire season strikes later this year, Gov. Gavin Newsom and legislative leaders said. That more than doubles $200 million in recent annual spending, …
The Hilb Group LLC (THG) has acquired Maryland-based Parallel Risk Advisors LLC. (PRA). The transaction became effective on January 1, 2021. PRA is a commercial lines property/casualty consulting and advisory firm specializing in the commercial real estate industry. As part …
A judge has dismissed a wrongful death lawsuit brought against Pierce County, Wash., by the family of sheriff’s deputy Daniel McCartney, who was fatally shot while responding to a call. McCartney, 34, was shot Jan. 7, 2018 while responding to …
A Delaware judge on Monday gave final approval to a $65 million settlement in a class-action lawsuit involving thousands of residents of a southern Delaware community affected by groundwater contamination from a local poultry processing facility. Approval of the settlement …
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a “systemic” worsening of the legal environment and its harmful impact on the insurance industry. …
Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it, filed for bankruptcy, sold the goods and pocketed the proceeds. A …
More than a year has passed since pandemic-related government restrictions began, causing many businesses around the world to shift their workforce to remote. With increased reliance on technology, new work environments and greater use of at-home devices and networks in …
Xenia Broking Group, the London-based credit insurance and surety specialist, announced it has entered into an agreement to acquire Credit Insurance Alliance (Brokers) Ltd. (CIA). An independent trade credit insurance broker based in the West Midlands, England, CIA specializes in …
BRUSSELS – European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Wednesday. Aon, which announced the deal a year …
The residents of Irkutsk, one of Russia’s coldest regions, are used to harsh winters. But when the temperature dropped to negative 60 degrees Celsius (-76 Fahrenheit) last January, even they had to submit to the elements. “Please stay at home …
