Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of North Sydney, New South Wales, Australia-based Blueleaf Consulting Pty Ltd. Terms of the transaction were not disclosed. Founded in 2006, Blueleaf Consulting is a holistic financial …
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Petroleum Marketers Management Insurance Co. (PMMIC), based in Des Moines, Iowa. The outlook for the …
The rate of fatal airplane crashes in Alaska is higher than the national average, according to the National Transportation Safety Board. The NTSB has preliminary reports for 10 fatal plane wrecks in Alaska for the 2019 calendar year. The figure …
Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to cater to the distinct needs of a rapidly growing new space sector, which, according to Lloyd’s, could be the driving …
A California dam could fail during an extreme storm and send water flooding into Mojave Desert communities that are home to about 300,000 people, authorities said. The U.S. Army Corps of Engineers announced that it has changed its risk characterization …
The top official of an east Texas county that evacuated 60,000 residents last week after a petrochemical plant exploded and caught fire said on Dec. 3 he does not plan to sue the company, and will leave potential litigation to …
Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected systems offline as …
Chubb today announced the appointment of Louise Joyce as head of Industry Practices for the United Kingdom and Ireland. In this role, Joyce will have overall responsibility for the performance of Chubb’s Industry Practices, which comprise Life Sciences, Technology, Entertainment, …
Louisiana-based Excalibur Insurance Co. is now officially named Lighthouse Excalibur Insurance Co., following its acquisition by Lighthouse Property Insurance Corp. The name change was unveiled on Nov. 1. In May, Lighthouse Property Insurance acquired Excalibur, a property insurer with approximately …
RLI Transportation, a division of RLI Insurance Co., is now offerings digital accident kits for customers to report accidents. In addition to traditional accident kits, RLI Transportation insured drivers can now report an accident with any internet-compatible device. Customers can …