Southern California Edison Faces $550M in Penalties for 5 Wildfires December 20, 2021 California regulators approved a settlement placing more than half a billion dollars in fines and penalties on the utility Southern...
Arthur J. Gallagher Acquires Bradawn Insurance Services in California December 20, 2021 Arthur J. Gallagher & Co. acquired Escondido, California-based Bradawn Insurance Services Inc. Dawna Gray and her associates will remain in...
EPA Releases $1 Billion to Clean Up Toxic Waste Sites in 24 States December 20, 2021 By Michael Rubinkam Nearly 50 toxic waste sites around the U.S. will be cleaned up, and ongoing work at dozens of others will...
Infrastructure Investment Package Expected to Boost Surety Market: AM Best December 20, 2021 The recently enacted $1.2 trillion U.S. infrastructure package is expected to result in more business opportunities for surety companies given...
UK Brokerage Insurtech Eyes U.S. Expansion After $7.9M Capital Raise December 20, 2021 A commercial insurance brokerage technology company that is up and running in the UK is targeting the U.S. after raising...
Record Rainfall, Floods Across Globe Generate Billions in Economic Damages: Aon December 20, 2021 November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars...
Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd. December 20, 2021 Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by...
Two Ex-Maryland Players Reach Settlement to Football Lawsuit December 20, 2021 Two former Maryland football players have each reached $200,000 settlements in lawsuits accusing former coach DJ Durkin of running a...
Everest Re Extends President and CEO Andrade’s Employment Agreement December 20, 2021 Everest Re Group Ltd., the Bermuda-based re/insurer, announced the extension of President and CEO Juan C. Andrade’s employment agreement through...
The Hilb Group Acquires Charles Newman Co., Builds on New York Presence December 20, 2021 The Hilb Group acquired Charles Newman Co. Insurance and Employee Benefits to its portfolio, adding to The Hilb Group’s growing...