California Roof Company Owner Arraigned In $4M Workers’ Comp Fraud Scheme December 2, 2020 Judy Hein, 71, of Oxnard, Calif., was arraigned on five felony counts of insurance fraud after allegedly underreporting payroll for...
China Renews OK of Oceanwide’s Stalled $2.7 Billion Purchase of Genworth December 2, 2020 U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s...
Hawaii Gets Through 2020 Hurricane Season Sans Major Impact December 2, 2020 The 2020 hurricane season set records with the number of storms in Atlantic Ocean regions, but Hawaii escaped largely unscathed...
California Will Provide $500M in Virus Aid for Small Businesses December 2, 2020 California will provide temporary tax relief and $500 million in aid to small businesses struggling because of coronavirus outbreak restrictions,...
Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC December 2, 2020 Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all...
Crum & Forster Acquires Aspen’s Food and Beverage Product Recall Business December 2, 2020 Specialty insurer Crum & Forster (C&F) has acquired the renewal rights of Aspen’s U.S. food and beverage product recall insurance...
Hub International Acquires Quebec-Based Seymour Alper December 2, 2020 Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction were...
Gale-Force Winds, Rain and Snow Lash Much of Northeastern U.S. December 2, 2020 Gale-force winds lashed much of the northeastern U.S. on Monday, prompting tornado watches and flash-flood warnings. “Hold on to your...
Lockton Adds 3 Managing Directors from Aon to Its Transaction Liability Practice December 2, 2020 Global insurance broker Lockton reports that three transaction liability advisors from Aon — Joshua Halpern, Gaurav Sud and Eric Ziff...
AXIS Re Hires Willis Re’s Bangs as Head of Japan December 2, 2020 AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of David Bangs as head of...