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27 10, 2021

Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso

By | October 27th, 2021|Uncategorized|Comments Off on Repairing Mexico City’s Collapsed Metro Could Cost $40M: Grupo Carso

MEXICO CITY – Mexican billionaire Carlos Slim’s Grupo Carso said the cost of repairing a collapsed section of a Mexico City metro rail that caused a fatal accident earlier this year could amount to some 800 million pesos ($40 million). …

27 10, 2021

Chubb Sees Profit Jump 58% on Premium Growth, Underwriting Income

By | October 27th, 2021|Uncategorized|Comments Off on Chubb Sees Profit Jump 58% on Premium Growth, Underwriting Income

Global insurer Chubb’s third quarter net income soared more than 58 percent year-over-year, as premium gains continued their double-digit climb. The insurer’s Q3 net income reached $1.83 billion during the quarter, or $4.18 per share. That compares to just under …

27 10, 2021

Georgia Court Says No Double Dip on Auto Policies After Accident

By | October 27th, 2021|Uncategorized|Comments Off on Georgia Court Says No Double Dip on Auto Policies After Accident

The injured party in an automobile collision cannot double-dip on insurance coverage simply because she calls the payment from the other driver’s policy “punitive damages,” a Georgia appeals court has decided. “The mere fact that Nay’s limited release included a …

28 10, 2021

Lloyd’s Ups Climate Pledge, Vow to Push Members on Net Zero: Reuters

By | October 28th, 2021|Uncategorized|Comments Off on Lloyd’s Ups Climate Pledge, Vow to Push Members on Net Zero: Reuters

Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push members of the commercial insurance market to do the same, days before international climate talks get underway in Scotland. Lloyd’s …

27 10, 2021

Ex-Liberty University Spokesman Says He Was Fired for Raising Concerns

By | October 27th, 2021|Uncategorized|Comments Off on Ex-Liberty University Spokesman Says He Was Fired for Raising Concerns

A former spokesperson for Liberty University is suing the evangelical Virginia school after being fired, alleging in a lawsuit that his termination came in retaliation for voicing concerns that sexual misconduct accusations were mishandled. Scott Lamb, a vice president-level executive …

27 10, 2021

We Insure Opens Florida Agency with Real Estate Connection

By | October 27th, 2021|Uncategorized|Comments Off on We Insure Opens Florida Agency with Real Estate Connection

Jacksonville-based We Insure Inc., an insurance franchise company, announced a new operation in Lecanto, Florida, north of Tampa. We Insure Citrus agency, owned by Kevin and Karen Cunningham, will specialize in residential, automobile and commercial lines, particularly for RE/MAX real …

27 10, 2021

UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP

By | October 27th, 2021|Uncategorized|Comments Off on UK-Based Broker KGJ Insurance Is Latest Acquisition for NFP

NFP, a New York City-based insurance broker and consultant, has acquired UK-based KGJ Insurance Services Group Ltd. KGJ is a commercial insurance broker with specialization in combined risks for complex and non-standard programs. KGJ provides exclusive program facilities as well …

27 10, 2021

Connecticut Seeks Disaster Declaration for Flooding Caused by Ida

By | October 27th, 2021|Uncategorized|Comments Off on Connecticut Seeks Disaster Declaration for Flooding Caused by Ida

Connecticut Governor Ned Lamont has submitted a request for a major disaster declaration to the Biden administration, seeking federal funds to help Connecticut recover from damage caused by the remnants of Hurricane Ida. The September 1 storm dumped as much …

22 10, 2021

Multiple Delaware Residents Indicted for Insurance Fraud

By | October 22nd, 2021|Uncategorized|Comments Off on Multiple Delaware Residents Indicted for Insurance Fraud

Late last month in New Castle County, Delaware, a grand jury indicted multiple residents for insurance fraud. The indictments stem from Department of Insurance Fraud Prevention Bureau investigations, in partnership with the Delaware Department of Justice. They allege that following …

22 10, 2021

NCCI Launches Workers’ Comp Learning Academy for Carriers

By | October 22nd, 2021|Uncategorized|Comments Off on NCCI Launches Workers’ Comp Learning Academy for Carriers

The National Council on Compensation Insurance has launched a workers’ compensation learning academy for member carriers. “NCCI affiliates have asked for convenient training and development programs focused on workers compensation insurance,” the council said in a bulletin. The learning sessions …