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21 09, 2020

Judge Allows Great Smoky Mountains Wildfire Lawsuits to Move Forward

By | September 21st, 2020|Uncategorized|Comments Off on Judge Allows Great Smoky Mountains Wildfire Lawsuits to Move Forward

U.S. park officials have failed to show enough was done to keep the public updated as a deadly wildfire spread from Great Smoky Mountains National Park in 2016, a judge ruled. The decision earlier this month by U.S. District Judge …

20 09, 2020

MetLife Looks to Sell P&C Auto and Home Insurance Business: KBW Analysts

By | September 20th, 2020|Uncategorized|Comments Off on MetLife Looks to Sell P&C Auto and Home Insurance Business: KBW Analysts

MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger and Meyer Shields, said the insurer is looking at a …

20 09, 2020

Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion

By | September 20th, 2020|Uncategorized|Comments Off on Next Funding Round for Next Insurance May Double Insurtech’s Valuation to $2.25 Billion

Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.’s CapitalG is in talks to lead the roughly $250 …

18 09, 2020

High Street Insurance Partners Adds Two Partner Agencies to Portfolio

By | September 18th, 2020|Uncategorized|Comments Off on High Street Insurance Partners Adds Two Partner Agencies to Portfolio

Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group LLC (MAG). Both agencies will support High Street’s strategic goals by expanding …

18 09, 2020

KMRD Partners Hires Chaples as Sales, Relationship Manager in Pennsylvania

By | September 18th, 2020|Uncategorized|Comments Off on KMRD Partners Hires Chaples as Sales, Relationship Manager in Pennsylvania

KMRD Partners has hired Greg Chaples to its team as a sales and relationship manager in its Warrington, Penn., office. KMRD Partners is a risk management and human capital consulting and insurance brokerage firm with offices located throughout Pennsylvania. Prior …

18 09, 2020

New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims

By | September 18th, 2020|Uncategorized|Comments Off on New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims

New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the charges by New York’s Department of Financial …

18 09, 2020

NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best

By | September 18th, 2020|Uncategorized|Comments Off on NFIP’s Flood Losses Expected to Be ‘Significant’ from Hurricane Sally: AM Best

Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As the storm was more of a flood …

18 09, 2020

Crew on Boat Where Fire Killed 34 in California Had No Emergency Training

By | September 18th, 2020|Uncategorized|Comments Off on Crew on Boat Where Fire Killed 34 in California Had No Emergency Training

Crew members on a dive boat say they were never instructed on emergency procedures before a predawn fire swept through the vessel as it was anchored off the Southern California coast, killing 34 people as they slept below deck, according …

18 09, 2020

InsureTech Connect Delays Virtual Conference Until October for Networking Signups

By | September 18th, 2020|Uncategorized|Comments Off on InsureTech Connect Delays Virtual Conference Until October for Networking Signups

Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will now run from Oct. 19- Oct. …

18 09, 2020

Great American, VGM Insurance Launch Golf & Country Club Program

By | September 18th, 2020|Uncategorized|Comments Off on Great American, VGM Insurance Launch Golf & Country Club Program

Great American Insurance Group’s Alternative Markets Division has launched a new program for golf and country clubs across the United States in conjunction with VGM Insurance Services. The program based out of Waterloo, Iowa, was awarded to Great American effective …