Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer January 7, 2022 Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition,...
Airbus Faces €300 Million Lawsuit From Group of Investors Over Bribery Scandal January 7, 2022 By Ellen Milligan and Charlotte Ryan Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed...
Insurance Companies Sue Texas Power Grid Operator Over 2021 Winter Storm Losses January 7, 2022 More than 100 insurance companies are suing the Texas power grid operator and several power-generating companies (PGCs) over losses suffered...
Alera Group Acquires Michigan’s Gales Agency January 7, 2022 Alera Group has acquired Gales Agency, Inc., an independent insurance agency providing a full line of insurance products including home,...
Canada’s Insurers and Banks Rethink Return-to-Office Plans Amid Omicron Concerns January 7, 2022 Canada’s top health official Theresa Tam has warned that COVID-19 cases in the country could jump in coming days, due...
Florida Moving Company Owner Must Pay $13 Million for Using Reputable Competitor’s Name January 7, 2022 A federal judge has ordered a South Florida moving company to pay more than $13 million for deceiving customers and...
Hub International Acquires Maryland’s Raffa Financial January 7, 2022 Hub International, an insurance brokerage firm, announced it has acquired Maryland-based Raffa Financial Services, an insurance and benefits brokerage and...
Carolina Appeals Court Again Finds That Lifting Large Patient is a Work Accident January 7, 2022 One month after the North Carolina Court of Appeals found that a health care worker’s slight deviation from her normal...
People: Florida-based Vyrd Names Sales and Marketing Director January 7, 2022 Vyrd Insurance Co., one of the few new insurers to brave the distressed Florida property insurance market in recent years,...
California Bill Would Make it Easier to Sue Gun-Makers January 7, 2022 By Adam Beam Some Democratic California lawmakers want to make it easier for people to sue gun companies for liability in shootings that...