Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the firm from LWI employees and Crawford & Co. Financial terms of the …
Google filed a lawsuit accusing home speaker maker Sonos Inc. of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe. In a complaint filed on Thursday in San …
S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries, with a stable outlook. The stable outlook reflects S&P’s view that Munich Re will maintain capital adequacy above the “AA” …
A city in northern Alabama will pay a ransom worth $300,000 in Bitcoins in response to a hack of its computer system. Florence City Council voted unanimously at an emergency meeting Wednesday evening to make the payment from the city’s …
A Louisiana man who insurance regulators say continued to transact insurance business after having had his state insurance licensed revoked has been issued a cease and desist order by Insurance Commissioner Jim Donelon. The Louisiana Department of Insurance reported that …
W.E. Love & Associates (WEL), an XPT Group company, has hired Christopher Joyce, who joins as underwriter. Joyce will continue his career as a specialist in the transportation niche, as WEL continues to expand its transportation group. Over the past …
Louisiana lawmakers are one step from removing most restrictions on which medical conditions are eligible for medical marijuana, allowing doctors to recommend the treatment for any patient they believe it would help. The Senate voted 28-6 on May 27 for …
Conservation groups in South Carolina are challenging a 3,000-acre (12,100-hectare) development project in Charleston over concerns that a loss of wetlands could worsen flooding in an already flood-prone area. The Sierra Club and the South Carolina Wildlife Federation argue that …
The Worldwide Broker Network has appointed Price Forbes Executive Director Alex Gilmore as chairman. Gilmore previously served as WBN’s Treasurer. He takes over the voluntary position of chairman from Jim Watt of EPIC Insurance Brokers & Consultants, who will continue …
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of work streams to take the idea from the drawing board to an operating company. So-called “Pandemic Re,” which was first …