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PCF Insurance Services Acquires Georgia-based VB@Work

PCF Insurance Services, one of the larger brokerage firms in the country, has acquired Georgia-based Voluntary Benefits at Work. VB@Work, as it is abbreviated, said it designs employee benefits packages that minimize client administrative overhead. The merger will expand VB’s …

Hawaii Volcano Eruption Has Some on Alert, Draws Onlookers

The first eruption in 38 years of the world’s largest active volcano is attracting onlookers to a national park for “spectacular” views of the event, and it’s also dredging up bad memories among some Hawaii residents who have been through …

Vet’s California Lawsuit Blaming Antimalarial Drug For Psychosis Tossed

– A federal judge threw out a lawsuit against the maker of an anti-malarial drug blamed for causing psychotic behavior and neurological damage to U.S. servicemembers, ruling that the case had no right to be filed in California. The proposed …

Harvard to Appeal Missed Insurance Claim Deadline Ruling That Cost It $15M

Harvard University has signaled its intention to appeal last month’s federal court ruling that cost it as much as $15 million in insurance payments for failing to notify its insurer of its claim by the policy deadline. The law firm …

State Court Splits on COVID Coverage: Yes on Dentist, No on Tavern

A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state’s COVID-19 shutdown, but a tavern was not. Policy language made all the difference in outcomes of the separate Superior …

K2 Insurance Services Announces New Private Equity Partner

K2 Insurance Services, an independent specialty insurance program manager, announced that Warburg Pincus, a global growth investor, has agreed to acquire the company from Lee Equity Partners LLC, a middle market private equity firm. According to K2, the investment will …

Motive Partners With Progressive Commercial

Motive, a fleet management company formerly known as KeepTruckin, has announced a partnership with Progressive Commercial to offer Motive’s market-leading AI-based safety solution to Progressive Commercial customers. The new partnership is aimed at helping customers increase safety and cut insurance …

UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister

Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said on Thursday. Finance represents one in …

People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt

This edition of International People Moves details appointments at Convex Re Bermuda and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Convex Group Ltd., the London-based international specialty re/insurer, announced that Convex Re Bermuda …

Google Sued in UK by 130,000 Alleged Victims of Its Online Advertising Dominance

Google and its parent Alphabet Inc. were sued in a UK court over alleged antitrust abuses in a group claim by 130,000 businesses that argues the tech giant’s approach to advertising that may have cost companies billions of pounds in …

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