Insurance News from January 20, 2021
National News
Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS
There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly...
Supreme Court Rejects Merck’s Bid to Reinstate $2.5B Damage Award Against Rival
Supreme Court Hears Baltimore’s Climate Change Damages Claim Against Energy Firms
Safety Agency Orders Ford to Recall 3 Million Vehicles Over Takata Air Bags
Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating
International & Reinsurance News
Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain
The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure...
East News
Lawsuit Filed on Behalf of Rhode Island Man Injured in Moped Crash
Guardians of a Rhode Island moped driver who was sent into a coma with a head injury...
West News
California COVID-19 Benefits Fraud, Cyber Attack Could Reach $9.8B
California may have paid out nearly $10 billion in phony coronavirus unemployment...
Southeast News
Tennessee Touts 2020 Growth of Insurance Industry, Consumer Efforts
The Tennessee Department of Commerce & Insurance (TDCI) has located and returned...
Texas / South Central News
DuPont Spinoff Will Contest Charges Over Deadly Gas Leak at Texas Plant
Corteva, a spinoff that took over DuPont's agriculture division, will contest the...
Midwest News
The Hilb Group Acquires Michigan’s Owen Moore Insurance
The Hilb Group LLC (THG) acquired Linwood, Michigan-based Owen Moore Insurance Agency...