Yearly Archives: <span>2021</span>

Flooding Prompts Hawaii Emergency Declaration, Evacuations Ordered

Hawaii Governor David Ige declared an emergency in the U.S. state after heavy rains brought floods, landslides and fear of dam failures, and authorities ordered the evacuation of several thousand people from communities threatened by rising waters. The move came …

Arizona High Court Rules Man Can Sue for Privacy Breach

Warehouse store chain Costco can be sued for privacy violations by a Phoenix-area man who alleges a pharmacist joked with his ex-wife about an erectile dysfunction prescription he had twice canceled, the Arizona Supreme Court has ruled. The ruling allows …

Oregon Man Charged With Arson in Law Office Fire

A Bend man currently being held at a regional jail in The Dalles has been indicted on two first-degree arson charges in a 2019 fire that heavily damaged a downtown Madras law office. An official confirmed Monday to KTVZ that …

21-Year AIG Veteran Tatulli Joins Berkshire Hathaway Specialty Executive Lines

Berkshire Hathaway Specialty Insurance (BHSI) has named Anthony Tatulli as head of Executive & Professional Lines for North America. He will have overall underwriting responsibility for Directors and Officers Liability, Professional Liability, Cyber, Mergers & Acquisitions, Employment Practices Liability, Fiduciary, …

Generali Global Assistance Names Poletaev as North American Marketing Officer

Generali Global Assistance has appointed Vladimir Poletaev as its chief marketing officer. In this role, he will be responsible for marketing, branding, communications and public relations across North America. Poletaev will be managing marketing professionals for all North American entities …

Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs

AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed funding from Silverton Partners. The firm has also added to its leadership team. With this fundraising round, AgencyMVP said it will invest in …

DARAG to Provide Retrospective Quota Share Reinsurance for Protector Forsikring

DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with Protector Forsikring ASA, a multinational general insurance company listed on the Oslo Stock Exchange. DARAG’s German risk carrier, DARAG Deutschland AG (DAG), …

Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B

Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1 billion. The London-based business will now accelerate the expansion of its product offering across Europe and beyond. The latest round …

Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch

Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the year. Still, the amount of ultimate losses remains unclear and will take several years to determine in business interruption, general …

Biopharmaceutical Company to Pay $600K to Settle Alleged Clean Air Act Violations

A global biopharmaceutical company has agreed to pay $600,000 and limit its emissions of harmful air pollutants to settle allegations that it violated the Massachusetts Clean Air Act and regulations at its Lexington, Massachusetts, facility. Of that amount, $200,000 will …