The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 will pay $60 million to to settle allegations that it violated safety laws, the U.S. Environmental Protection Agency announced. Texas-based …
Arthur J. Gallagher & Co. has acquired McConnell, Manit & Trout Insurance Services LLC in San Louis, Obispo, Calif. Terms of the deal were not disclosed. Rick McConnell, Mike Manit, Doug Trout and their associates will continue to operate from …
Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not disclosed. MultiStrat is a specialty reinsurance group that writes both prospective and retrospective casualty reinsurance sourced through select reinsurance intermediaries. …
New York State Inspector General Letizia Tagliafierro has announced the sentencing of a Rochester, N.Y., woman who defrauded the workers’ compensation system of more than $5,000 by endorsing and cashing wage reimbursement checks intended for her deceased grandmother. Brandy Sheppard …
The pilot of a small plane that crashed into a wooded and swampy area shortly after takeoff from a Massachusetts airport has died, authorities say. The Cessna 177 single-engine plane crashed about 100 yards north of the runway after taking …
British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. “The ongoing global situation with coronavirus means there’s much greater likelihood of disruption to people’s travel plans, …
RMS, the catastrophe risk modeling company, announced the appointment of Michael Steel as global head of Business Development, joining the RMS Executive Committee. Steel first joined RMS in 2016 to help drive innovations to solve the key risk management challenges …
PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it will extend its line of business reporting to include Australian motor for personal and commercial lines. PERILS will include Australian motor as part of its industry exposure …
The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response to the COVID-19 outbreak. While its “Work From Home Business Continuity Plan” is operational and the office is closed, the …
Indiana State University has won first place in Selective Insurance’s Collegiate Competition. Second place was claimed by Middle Tennessee University, while Appalachian State University placed third. The month-long, intensive collegiate competition for risk management and insurance students is designed to …
