Hub International Limited (HUB) said it has entered into an agreement with private equity firm Leonard Green & Partners (LGP) for an expected “substantial” minority investment with HUB’s enterprise valuation of $23 billion. The valuation is the largest for a …
South Carolina’s governor has elevated acting insurance department leader Michael Wise to the position of director. Wise, who’s been with the Department of Insurance since 2009, was named acting director a year ago, after longtime director, Ray Farmer, retired. “Michael …
A federal administrative law judge has determined that the manager of Fuller Hospital in Attleboro, Massachusetts exposed employees to workplace violence without adequate protections in 2019, particularly at times when hospital staffing was low. The ruling follows an inspection by …
An infusion of federal funding will help build hundreds of homes in Kentucky communities devastated by tornadoes and floods in 2021, Gov. Andy Beshear said Wednesday. Four counties hardest hit by the storms – Graves, Warren, Hopkins and Breathitt – …
New York’s top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-based competitors like Uber Technologies Inc and Lyft Inc. The …
State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving money is the primary focus of consumers searching for auto insurance, according to a new report released today. Now in …
This edition of International People Moves details appointments at Howden and BMS Re. A summary of these new hires follows here. Howden Appoints Marsh’s Howell for Multinational Client Practice Howden, the London-based international insurance broker, announced it has appointed Morwenna …
Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This updated loss figure for the floods, which occurred …
Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The solution combines Benekiva’s state-of-the-art claims administration system with Swiss Re’s Claims Automated Rules Engine and risk management expertise. The partnership …
Mental ill-health is now the main cause of sickness absence from work in the UK, costing employers billions of pounds and holding back efforts to boost productivity, according to new research. In the final quarter of 2022, more than 85 …
