News Archives - Insurance Journal

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5 07, 2022

Howden Buys New Zealand Broker Wallace McLean

By | July 5th, 2022|Uncategorized|Comments Off on Howden Buys New Zealand Broker Wallace McLean

Howden, the London-based insurance broker, announced the acquisition of Wallace McLean, which further strengthens its local expertise and provides an enhanced platform for its strategic growth plans in New Zealand. Wallace McLean was founded in 2001 and is a well-established …

5 07, 2022

Stricken Bulk Carrier Remains Stranded Near Sydney as Rescue Efforts Fail for 21 Crew

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Twenty-one crew members remain aboard a bulk carrier which lost power in turbulent waters near Sydney, after overnight rescue attempts failed. The MV Portland Bay, which has been without power since early Monday, has been off the coast of New …

5 07, 2022

Generali Completes Acquisition of La Médicale from Crédit Agricole Assurances

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Generali has completed the acquisition of La Médicale from Crédit Agricole Assurances, following receipt of the necessary approvals from relevant regulatory and competition authorities, for €435 million (US$453.8 million) The acquisition, which was first announced in February, also includes the …

5 07, 2022

Gang Members Charged With Violent Takeover of New York Fire Mitigation Industry

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FBI, Homeland Security and New York police officials have charged nine defendants including gang members with a violent racketeering and extortion conspiracy in attempting to take over an entire industry designed to help victims after a fire. The defendants, who …

5 07, 2022

Drug Distributors Prevail in $2.5 Billion West Virginia Opioid Case

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Major U.S. drug distributors McKesson Corp., AmerisourceBergen Corp., and Cardinal Health Inc. are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled on Monday. U.S. District Judge David Faber rejected efforts by …

5 07, 2022

Cyber Experts Say California Lacked Safeguards for Gun Owner Data

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Cybersecurity experts say the California Department of Justice apparently failed to follow basic security procedures on its website, exposing the personal information of potentially hundreds of thousands of gun owners. The website was designed to only show general data about …

5 07, 2022

Robots May Reduce Physical Injuries But Raise Substance Abuse, Mental Health Issues

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Automation enhances industry, but it’s harmful to the mental health of its human co-workers. A University of Pittsburgh study suggests that while American workers who work alongside industrial robots are less likely to suffer physical injury, they are more likely …

5 07, 2022

California Governor Acting to Advance Wildfire Recovery

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California Gov. Gavin Newsom proclaimed states of emergency in Santa Barbara and Monterey counties on Friday to help the process of recovery from recent wildfires. The proclamations allow the California Department of Transportation to request immediate federal assistance for highway …

5 07, 2022

California County Paying $8.1M for Unarmed Man’s Death

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San Diego County will pay $8.1 million to the family of an unarmed man who was shot in the back by a sheriff’s deputy after he jumped out of a patrol car. The county and the family of Nicholas Bils …

5 07, 2022

Arthur J. Gallagher Acquires Surety Associates of Southern California

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Arthur J. Gallagher & Co. acquired La Mesa, Calif.-based Wrightman, Inc., doing business as Surety Associates of Southern California Insurance Services. Cyndi Beilman and her associates will continue to operate from their current location under the direction of Scott Firestone, …