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4 12, 2024

Texas-Based Upland Expands Into Product Recall

By | December 4th, 2024|Uncategorized|Comments Off on Texas-Based Upland Expands Into Product Recall

Upland Capital Group announced it is expanding into a new market with the introduction of a Product Recall product to its portfolio. The new product focuses on product defect coverage for component parts and consumer goods as well as food …

10 12, 2024

10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders

By | December 10th, 2024|Uncategorized|Comments Off on 10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders

Ten people were injured after a police traffic officer on a motorcycle crashed into bystanders at a weekend holiday parade in Palm Springs, California, authorities said. All of the injured were taken to hospitals Saturday night for treatment of injuries …

13 12, 2024

Gallagher Buys Butler, a Georgia Benefits Agency

By | December 13th, 2024|Uncategorized|Comments Off on Gallagher Buys Butler, a Georgia Benefits Agency

Arthur J. Gallagher, the global insurance brokerage, announced it has acquired Georgia-based Sheila J. Butler & Co., an employee benefits firm. Butler and team will remain in their office locale in Carrollton, Georgia, under the direction of Colby Paxton, head …

13 12, 2024

California Commissioner Announces Regulation to Enable the Use of Modeling in Rates

By | December 13th, 2024|Uncategorized|Comments Off on California Commissioner Announces Regulation to Enable the Use of Modeling in Rates

California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting rates. The regulation is a …

19 12, 2024

CVS Accused of Illegal Opioid Dispensing in Whistleblower Suit

By | December 19th, 2024|Uncategorized|Comments Off on CVS Accused of Illegal Opioid Dispensing in Whistleblower Suit

CVS Health Corp. pharmacies illegally dispensed controlled substances including opioids, fueling an overdose crisis as short-staffed stores ignored red flags, the U.S. Department of Justice alleged in a whistleblower lawsuit unsealed Wednesday. The largest U.S. pharmacy chain deliberately set staffing …

19 12, 2024

Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back

By | December 19th, 2024|Uncategorized|Comments Off on Senate Says Climate Is Driving Insurance Non-renewals; Industry Strikes Back

The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry clapped back by saying extreme weather is just part of …

20 12, 2024

Hub International Acquires Otter Insurance Agency in Washington

By | December 20th, 2024|Uncategorized|Comments Off on Hub International Acquires Otter Insurance Agency in Washington

Hub International Ltd. acquired the assets of Otter Insurance Agency Inc. in Lynnwood, Washington. Patrick Otter, president, and the Otter Insurance Agency team will join HUB Northwest. Otter Insurance Agency will be referred to as Otter Insurance Agency, a Hub …

20 12, 2024

Safeco to Stop Writing New Condo and Renter Policies in California

By | December 20th, 2024|Uncategorized|Comments Off on Safeco to Stop Writing New Condo and Renter Policies in California

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

4 12, 2024

Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions

By | December 4th, 2024|Uncategorized|Comments Off on Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions

Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. Financial details of the deal were not disclosed. Verlingue said this …

10 12, 2024

People Moves: DUAL North America Appoints Casualty Underwriting Leaders

By | December 10th, 2024|Uncategorized|Comments Off on People Moves: DUAL North America Appoints Casualty Underwriting Leaders

DUAL North America, headquartered in Naples, Florida, appointed Andreas Graham as executive vice president of the EIURS team, a division of DUAL, and Ed Frey as senior vice president of professional liability. Based in Boston, Graham will lead the EIURS …