Yearly Archives: <span>2021</span>

Texas Surplus Lines Premiums Hits $685.5 Million in November

Texas surplus lines premiums amounted to $685.5 million in November, according to the Surplus Lines Stamping Office of Texas. Surplus lines premiums total $8.27 billion year-to-date, a 14.8% increase in year-to-date premiums compared to the same period in 2020. This …

Allianz to Raise Dividends by 5% Each Year From 2021

German financial services company Allianz said on Friday it would increase dividends by 5% each year from 2021 as it raised mid-term guidance, citing progress of its business simplification strategy. The company said it would give shareholders half of its …

Michigan Drivers to Receive $400 Refund Per Vehicle

All Michigan drivers with auto insurance will receive a $400 per-vehicle refund next year. Gov. Gretchen Whitmer and state regulators announced the dollar amount Tuesday, more than a month after she had requested the checks by citing a multibillion-dollar surplus …

Hub Acquires Louisiana’s Gregory Benefits & Consulting

Hub International Limited, a global insurance brokerage and financial services firm, has acquired the insurance brokerage assets of Gregory Benefits & Consulting LLC. Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Gregory Benefits & Consulting provides …

WTW Hires AIG’s Dasan for Construction, Natural Resources; Bogardus Named Chubb’s President for Singapore; AXA XL’s Muzeya Joins Mosaic as Financial Institutions U/W

This edition of International People Moves details appointments at Willis Towers Watson, Chubb and Mosaic Insurance. A summary of these appointments follows here. WTW Hires AIG’s Dasan for Construction and Natural Resources Australasia Insurance broker Willis Towers Watson has appointed …

Whistleblower Claim Prompts SEC Probe of Tesla Over Solar Panel Fire Risks

The U.S. securities regulator has opened an investigation into Tesla Inc. over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according …

Chewy Chases Share of Growing Pet Insurance Market With Trupanion

E-commerce pet products company Chewy plans to begin selling pet health insurance plans from pet insurer Trupanion to its 20 million customer base. The insurance will be sold under the Chewy Health brand that includes wellness products beginning in Spring …

Hawaii Recouping from Large Storm Amid Lingering Flood Threats

A slow-moving storm that knocked out power, swamped dozens of homes and sent creeks and streams surging had mostly passed over Hawaii on Tuesday, though the threat of flooding lingered in some already-drenched areas. Showers were tapering off on Oahu, …

Former Oregon Capitol Official Threatens to Sue

A former Oregon official who was tasked with fielding harassment complaints in the state Capitol before resigning in June says he was pushed out for revealing flaws in the Legislative Equity Office and is now threatening to sue the Legislature …

Residents of Alaska Town Gather to Remember Landslide Victims

Residents gathered in Haines to remember the two people killed by a landslide last year. The ceremony, held Saturday, honored kindergarten teacher Jenae Larson and David Simmons, who worked for an economic development organization, Anchorage television station KTUU reported. Larson’s …