Legacy Specialist DARAG Buys Luxembourg Auto and Travel Insurer, Arisa Assurances August 6, 2020 DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...
Gallagher Buys Canada Retail Broker Insight Insurance August 6, 2020 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Edmonton, Alberta-based Insight Insurance & Risk...
Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses August 6, 2020 German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million)...
United Valley Insurance Services Adds Kulchin Ross in California August 6, 2020 United Valley Insurance Services Inc. has added as new member in Kulchin Ross Insurance Services LLC Tarzana, Calif. Kulchin Ross...
Liberty Mutual Reports Q2 Loss on COVID-19 Event Cancellations, Storms, Downturn August 6, 2020 Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397...
Minnesota Governor Makes Another Request for Federal Aid to Rebuild After Unrest August 5, 2020 Minnesota Gov. Tim Walz is again asking for federal help to rebuild from the unrest that followed George Floyd’s death....
Houston Will Enforce Masks With Fines as Texas Deaths Topped 7,000 August 5, 2020 Houston’s mayor has instructed police to begin issuing $250 fines for flouting statewide mask orders in hopes that August will...
2 Utility Workers in Iowa Die After Striking Buried Electrical Line August 5, 2020 Two workers installing internet cables in Pella, Iowa, died after striking an underground, high-voltage electrical cable. Pella Police Lt. Paul...
California Labor Commissioner Suing Uber, Lyft for ‘Systemic Wage Theft’ August 5, 2020 The California Labor Commissioner’s Office has filed separate lawsuits against transportation companies Uber and Lyft for committing wage theft by...