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Insurance Office of America Merges with New Jersey’s RDA Benefit Services

Insurance Office of America (IOA) has merged with New Jersey-based RDA Benefit Services, owned by Bob and Nancy Damato. The merger became effective Jan. 1, 2020, and further adds to IOA’s growing team in the Northeast region. RDA has served …

Massachusetts Chemical Plant Re-Opens a Day After a Series of Explosions

A Massachusetts chemical manufacturing plant re-opened Friday, a day after at least six explosions at the facility forced workers to evacuate and blew a hole in the roof. Seqens North America, formerly PCI Synthesis, in Newburyport, in a statement Friday …

Suit Alleges Ex-Pharmacist in Pennsylvania Fired for Not Trying Medical Marijuana

A former Pennsylvania pharmacist is suing the medical marijuana dispensary where she worked on allegations she was fired after refusing to illegally sample the shop’s products. Carol Kopiak, of Wilkes-Barre, filed a lawsuit Wednesday against her former employer Justice Grown, …

QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring

QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of the group board. Wilkins will step into the role of group chairman on March 1, 2020, and Becker will retire …

Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance

Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price, said Swiss Re in a statement. HEMSÄKER, which can be purchased online via the IKEA website, was created to extend …

Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV

Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since 2002. Storm Sabine, which was known …

Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific

Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific (PMAP), subject to regulatory and other approvals. PMAP is …

12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus

China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside …

Louisiana Student Hospitalized After Pushup Punishment Awarded $183K

A Louisiana appeals court ruled that a former high school student who was hospitalized after being ordered to perform 200 pushups as punishment was rightfully awarded more than $180,000 in damages. Former McKinley High School student Tristen Rushing was late …

Iowa District to Pay $4.8M to Settle Suit Over Deadly School Bus Fire

A western Iowa school district will pay $4.8 million to settle a lawsuit brought by the family of 16-year-old girl who died in a 2017 school bus fire that also killed the bus driver. Riverside Community School District has reached …