Sonoma County and several Northern California agencies sued Pacific Gas & Electric Co. on Tuesday over damage caused by a wildfire that burned a large swath of land last year and caused nearly 100,000 people to flee. The Kincade Fire …
Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second quarter related to the coronavirus and the steep economic decline, according to a report published by Moody’s Investors Service. Indeed, …
What can the International Space Station teach us about mudslides here on Earth? Here is the connection: UC San Diego engineers are trying to better understand the role gravity plays in mudslides. That is why in 18 months, they will …
Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. (undertaking its re/insurance business as HSCM Bermuda) to protect insurers and reinsurers against systemic and catastrophic cyber events. Aon and HSCM (an asset manager focused …
The New York State Department of Financial Services (DFS) has entered into a settlement with the National Rifle Association (NRA) to resolve alleged violations of New York insurance law. The settlement includes a monetary penalty of $2.5 million and means …
Hub International Limited (Hub), a Chicago-based global insurance brokerage, has acquired the assets of United Shortline Insurance Services Inc. (USIS) in Port Austin, Mich. Terms of the transaction were not disclosed. USIS specializes in the shortline and regional railroad insurance …
West Virginia’s attorney general cannot use a consumer protection law to sue a Roman Catholic diocese over sexual abuse allegations, the state’s high court said Monday. The West Virginia Supreme Court issued its opinion in response to a lawsuit the …
While the majority of Texans, around 91%, use seat belts while driving or riding as a passenger in moving vehicles, too many unbelted people continue to die in traffic accidents, the state’s transportation department says. The Texas Department of Transportation …
The Dow Jones Sustainability Index just released their 2020 rankings, and Zurich Insurance Group took the top spot in the insurance sector. The assessment is an annual evaluation of companies’ sustainability practices and performance, which includes more than 7,300 companies …
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities brought them into the fold. Today, Tillman …