McDonald’s Corp said on Wednesday it will require new training and policies to combat harassment, discrimination and violence at its 39,000 restaurants worldwide, calling for safer work places after it faced lawsuits by some female employees. The burger chain said …
Lloyd’s announced the next 11 insurtech start-ups that are participating in the sixth cohort of its Lloyd’s Lab innovation accelerator program. These insurtechs will be focused on creating simpler products for customers, including building solutions related to climate risks. This …
Hub International Limited, a full-service global insurance broker, has acquired IBG Financial Partners LLC. Terms of the transaction were not disclosed. Located in Foxborough, Massachusetts, IBG is a team of retirement plan consultants that provides fiduciary and retirement plan consulting …
The Hilb Group LLC (THG) has acquired a select book of business of quick-serve restaurant clients with more than 100 locations in New Jersey and New York. These clients will participate in THG’s Alternative Solutions Insurance Company (ASIC) program, which …
Applied Underwriters announced it has completed the acquisition of Concept Special Risks (CSR), a Leeds, England-based managing general agent, after receiving UK regulatory approval. Financial details of the deal, which was first announced in February, were not disclosed. Founded 22 …
Bermuda-based RenaissanceRe Holdings Ltd. estimated that losses from Winter Storm Uri will have a net negative impact of approximately $180 million on the company’s first quarter 2021 results of operations. Winter Storm Uri was a major wind and ice storm …
Bermuda-based AXIS Capital Holdings Ltd. announced a preliminary, pre-tax first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, or $95 million to $105 million, after-tax. The pre-tax net loss …
California Insurance Commissioner Ricardo Lara today announced two reappointments to the California Workers’ Compensation Insurance Rating Bureau’s Governing Committee. Lara appointed Mitch Steiger and Diana Rich to the WCIRB Governing Committee for another two-year term. The committee sets policy, oversees …
Marion Piggee, Jr., 68, of Los Angeles, Calif., was arraigned on seven counts of insurance fraud after an investigation by the California Department of Insurance revealed he was allegedly underreporting employee payroll by nearly $6 million to reduce his business’s …
The Fire Victim Trust, established to pay California wildfire victims on July 1, 2020, has received 40,000 claims questionnaires representing more than 70,000 claimants and roughly 250,000 individual claims, according to the trustee. Judge John K. Trotter (Ret)., the trustee, …