Chicago-based insurance brokerage and financial services firm, Hub International Limited (Hub), acquired the assets of McNellis & Company Inc. (McNellis Insurance), located in Evergreen Park, Illinois. Terms of the transaction were not disclosed. McNellis Insurance is an independent insurance agency …
A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from its insolvent supply chain finance linked to Greensill, the Swiss bank said on Tuesday. The collapse of Credit Suisse’s $10 …
A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may …
Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it the first British Black-founded unicorn, the company said on Wednesday. The early-stage funding round was backed by venture capital firm …
Greece’s center-right government has created a new ministry to address the impact of climate change and named former European Union commissioner Christos Stylianides as minister. Stylianides, 63, who served as commissioner for humanitarian aid and crisis management between 2014 and …
Catastrophe risk specialist, RMS, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico region to be between $25 billion and $35 billion. RMS’ estimate includes losses to the National Flood Insurance Program (NFIP) in …
Officials are investigating a release of toxic ammonia gas at a Middle Tennessee chicken processing plant that led to the evacuation of more than 200 residents. Fire officials said the gas leak at a Tyson Foods facility in Goodlettsville early …
Joe Sobol, owner of Big Easy Construction in New Orleans, has bad news for homeowners who’ve been calling about roofs damaged by Hurricane Ida or to get an update on renovations that were scheduled before the storm ripped through the …
BKS Partners Baldwin Krystyn Sherman Partners, LLC (“BKS Partners”), an indirect subsidiary of BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP), an insurance brokerage and risk management firm headquartered in Tampa, Fla. has added John Pollock as Managing Advisor in their …
Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, according to Swiss Re’s latest sigma study. The study revealed that …