Broker Willis Alleges Unlawful ‘Raid’ on Employees, Clients by Competitor Alliant August 19, 2021 By Andrew G. Simpson Insurance brokerage competitors Willis Towers Watson and Alliant Insurance Services are battling in court over what Willis alleges is a...
Classic Car Specialist Hagerty to Become Public Company in SPAC Deal August 18, 2021 By Andrew G. Simpson Classic car insurance specialist Hagerty is planning to go public in a deal with special purpose acquisition company Aldel Financial...
Arthur J. Gallagher Agrees to Buy Willis Re August 13, 2021 By Andrew G. Simpson Global insurance broker Arthur J. Gallagher & Co. has agreed to acquire the treaty reinsurance brokerage operations of Willis Towers...
HCI Group’s Home and Flood Insurtech TypTap Files for Possible IPO August 5, 2021 By Andrew G. Simpson HCI Group, Inc. announced that its insurtech subsidiary, TypTap Insurance Group, Inc., a Florida-based writer of private market homeowners and...
Insurance Broker Gallagher Sued Over Ransomware Attack August 2, 2021 By Andrew G. Simpson Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack...
Actor Cohen Sues Cannabis Firm for $9M Over Use of ‘Borat’ Image on Billboard July 13, 2021 By Andrew G. Simpson Film and television actor Sacha Baron Cohen, best known for his movie character Borat, is suing a Massachusetts cannabis firm...
Federal Judge Halts Part of Florida’s New Property Insurance Reform Law July 12, 2021 By Andrew G. Simpson A federal judge has halted enforcement of a section of Florida’s new property insurance reform (SB 76) law that restricts...
Newly-Enacted Florida Property Insurance Reform Bill Said to Be Already Working July 5, 2021 By Andrew G. Simpson Florida Gov. Ron DeSantis officially signed into law reform legislation on property insurance and roofing contractor practices, a measure some...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles July 2, 2021 By Andrew G. Simpson The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing...
Insurance Broker A.J. Gallagher Reports on Investigation Into 2020 Ransomware Attack July 1, 2021 By Andrew G. Simpson An investigation by insurance broker Arthur J. Gallagher & Co. into a ransomware attack on its systems last September has...