It has not happened yet but the proposed merger of large global insurance brokers Aon and Willis Towers Watson is already being felt at competitor MarshMcLennan. MarshMcLennan is capitalizing on the marketplace disruption brought about by the pending marriage of …
A few days after employees at Midwest Warehouse and Distribution System Inc. gathered in its Naperville, Ill., facility breakroom for a luncheon, some workers experienced symptoms consistent with coronavirus exposure. Employees began reporting to the company that they had tested …
The Surplus Lines Stamping Office of Texas (SLTX) reported that the state has seen record-breaking premiums in the first quarter of 2021, with a total of $2 billion in premium representing a 20.1% increase over the same period in 2020. …
A fire early on April 28 caused extensive smoke damage to a central Illinois church, authorities said. Crews were called to St. Mary’s Catholic Church in Lexington after a passerby discovered smoke coming from the building around 3:30 a.m., Lexington …
A suburban Chicago chiropractor has been sentenced to a 20-month term in federal prison for fraudulently submitting reimbursement claims to private insurers and Medicare for nonexistent treatment, the U.S. Attorney for the Northern District of Illinois announced. John Kosloski, who …
Oregon Health and Science University said it will pay $585,000 to settle a federal lawsuit filed by a social worker who accused a former anesthesiology resident of sexually assaulting her and the school of failing to act. The university said …
Columbus, Ohio-based Branch Insurance is now offering its home and auto insurance coverage in Colorado and Oklahoma. The company, which specializes in bundled home and auto coverage using technology and automation, said this expansion is its third state launch of …
Record premiums haven’t been enough to reverse U.S. directors and officers (D&O) insurers’ underwriting losses, and the sector will still lose money in the near term as a result, Fitch Ratings said. Premium growth for D&O coverage has been significant. …
Royal Caribbean Group said on Thursday it was aiming to restart its U.S. cruises in July after the U.S. Centers for Disease Control and Prevention (CDC) issued new measures to speed up approvals, sending its shares up 2.5%. Late on …
LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property and liability risks globally, with clients across …
