Arthur J. Gallagher Acquires RHP General Agency in Texas May 17, 2023 Arthur J. Gallagher & Co. subsidiary Risk Placement Services Inc. acquired Houston, Texas-based RHP General Agency Inc. Greg Vanek and...
APCIA: Illinois Bill Significantly Would Have Detrimental Impact May 16, 2023 An Illinois bill allowing punitive damages in wrongful death cases will increase already high litigation costs, the American Property Casualty...
Washington Commissioner Fines Airbnb for Acting as Unauthorized Insurer May 16, 2023 Washington Insurance Commissioner Mike Kreidler fined Airbnb $20,000 for acting as an unauthorized insurer in the state. Kreidler also ordered...
Florida Insurance Agent Convicted in $6M Ponzi Scheme That Defrauded Investors May 16, 2023 By William Rabb A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6...
Property Insurer SageSure Turns ‘Unicorn’ After $250M Funding Round May 16, 2023 SageSure became a “unicorn” after the U.S. property insurer raised $250 million in its latest funding round, a source familiar...
Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition May 16, 2023 By Chad Hemenway Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance...
Worker Fatally Injured at Amazon Warehouse in Indiana May 16, 2023 A worker died after being injured at an Amazon warehouse in Fort Wayne in an incident that closed the facility...
4 Killed in Michigan When SUV Crashes Into Highway Bridge Pier May 16, 2023 An SUV slammed into a bridge pier along an interstate highway in Detroit, throwing four young men from the vehicle...
Damage from New Mexico Sinkhole Being Assessed May 16, 2023 Authorities were assessing the damage after a sinkhole developed on a New Mexico bridge, resulting in the rescue of two...
Wells Fargo to Pay $1 Billion in Class-Action Lawsuit May 16, 2023 By Robert Burnson Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading...