Johnstone Partners has expanded its national risk management and claims adjusting practices with the hire of Andrew Friedman in New York. Friedman joins Johnstone Partners as an adjuster with six years of claims experience. He will bring his expertise to …
Fully-digital Lloyd’s of London syndicate Ki and global insurance broker Howden announced a partnership in which Ki is committing to provide substantial follow capacity for Howden’s clients and business partners over three years. Ki was created in collaboration with Brit …
Sedgwick has expanded its property and loss adjusting team in Hawaii with two hires. Dereck Driggs joined as claims manager for the new Oahu branch and executive general adjuster, and Mike DiLisa has joined as regional general adjuster. Driggs has …
American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and the COVID-19 pandemic. AIG, one of the largest U.S. insurers, posted an underwriting loss of $423 million in its general …
Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe losses. The company reported Q3 net income of $397 million, compared with $272 million during the same period last year. …
Arthur J. Gallagher & Co. announced the acquisition of Montreal, Quebec-based Optimum Talent Inc. Terms of the transaction were not disclosed. Founded in 1981, Optimum Talent is one of Canada’s largest privately-owned integrated talent management firms and a Pan-Canadian leader …
A former New York City Transit subway conductor has been arraigned on an indictment in which he is charged with grand larceny and other crimes for allegedly stealing approximately $114,000 in workers’ compensation payments from NYC Transit. “This defendant allegedly …
UFG Insurance has named Dave Lavallee as UFG Surety branch manager of the New England surety branch. Lavallee has previously served as surety branch manager for Tokio Marine HCC for the last 12 years. He has experience in both managing …
A natural gas pipeline company and one of its contractors has agreed to pay $300,000 to settle allegations that they violated Massachusetts environmental protection laws during the construction of a natural gas pipeline in 2017, and another $500,000 to repair …
Insurer American International Group Inc , which plans to separate its life and retirement business from the rest of the company, said on Friday it is considering a number of options for the business, including an initial public offering or …