AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M March 7, 2022 Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services...
UN Report Details Extent of Climate Change on Gulf Coast March 7, 2022 By Rebecca Santana and Curt Anderson Hurricane Harvey dumped more than 50 inches of rain on parts of the Texas coast in 2017. Then in 2020,...
Minnesota Lawmakers Disagree Over Drought Relief Package March 7, 2022 Minnesota farmers and ranchers still reeling from last summer’s drought are asking the Legislature for urgency on relief, though lawmakers...
Florida Insurers Crying Foul Over Slide’s ‘Favored’ Treatment in St. Johns Insolvency March 7, 2022 By William Rabb The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance...
Vermont Police Continue Probe Into 36-Car Pileup March 7, 2022 Vermont State Police say the recent multi-car pileup on I-89 likely was the largest motor vehicle crash in state history....
New Jersey Initiates Controlled Burns to Lessen Fire Risk in Pinelands March 7, 2022 By Wayne Parry New Jersey environmental officials are fighting fire with fire, using so-called “controlled burns” to reduce the risk of future wildfires...
Hub Acquires Western Assurance Corp. in New Mexico March 7, 2022 Hub International Ltd. acquired the assets of Western Assurance Corp. in Albuquerque, New Mexico. Chris Williams, president of Western Assurance,...
Medical Access in California Workers’ Compensation Examined March 7, 2022 A new California Workers’ Compensation Institute study shows injured workers’ overall access to medical care for their initial treatment remained...
U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021 March 7, 2022 By Chad Hemenway Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an increase in surplus in...
Supreme Court Asked to Resolve Federal Drug Law v. State Medical Marijuana Laws Debate March 7, 2022 By Andrew G. Simpson The U.S. Supreme Court has been asked to address whether the federal drug law that criminalizes possession of marijuana invalidates...