Bankruptcy Judge Approves $13.5B PG&E Deal with California Wildfire Victims December 18, 2019 By Tom Hals A U.S. bankruptcy judge approved on Tuesday PG&E Corp.’s $13.5 billion settlement with victims of Californian wildfires, and the company’s...
Cigna Sells Group Disability Insurance Business to New York Life in $6.3 Billion Deal December 18, 2019 Health insurer Cigna Corp. said on Wednesday it had agreed to sell its disability insurance and accidental death coverage unit...
Zaffino Assumes Added Role of President at AIG December 18, 2019 American International Group (AIG) has named Peter S. Zaffino as president, effective Jan. 1, 2020. Zaffino will continue to serve...
UK Financial Services Sector Remains Resilient Ahead of Brexit: Research December 18, 2019 Britain’s exports of financial and related services rose to 83 billion pounds ($106.5 billion) last year, with the European Union...
Arthur J. Gallagher & Co. Acquires Canada’s SBW Employee Benefits December 18, 2019 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Halifax, Nova Scotia-based Sinclair Billard and...
Wisconsin’s SECURA Insurance Promotes Thiel, Heyroth December 18, 2019 SECURA Insurance in Neenah, Wisconsin, has promoted Todd Thiel to vice president-chief information officer and Tim Heyroth to vice president-chief...
W.R. Berkley Corp. Forms Captive Insurer in North Carolina December 18, 2019 W.R. Berkley Corporation has formed Oak Harbor Reinsurance Co. (Oak Harbor Re), a protected cell captive insurance company, which was...
Brown & Brown Acquires Insurance Management Group of South Carolina December 18, 2019 J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Mark K. Ackerman, the sole shareholder of Insurance...
United Valley Insurance Services in California Adds Burnett December 18, 2019 United Valley Insurance Services Inc. has named Genna Burnett a marketing specialist. Burnett is focused on assisting members on marketing...
Hotel Chains Sued for Ignoring Warning Signs of Sex Trafficking on Premises December 18, 2019 By Matthew Lavietes Landmark U.S. legal action was filed last Monday (Dec. 9) accusing several major hotel groups of profiting from sex trafficking...