Marsh & McLennan Companies (MMC) marked the one-year anniversary of its acquisition of Jardine Lloyd Thompson (JLT) by reporting consolidated revenue in the first quarter of $4.7 billion, a 14% increase over the same quarter in 2019. Operating income was …
The West Virginia National Guard will assist in conducting tests for the coronavirus starting Monday at a poultry processing plant in a small county where cases have increased, authorities said. Testing at the Pilgrim’s Pride plant of about 940 workers …
While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it’s more likely to be one-fifth of that, an analyst reported recently. States like Michigan and …
The Texas Department of Insurance in Commissioner’s Bulletin No. B-0026-20 reminds insurers, agents, agencies, and adjusters of their responsibilities for temporary agent and emergency adjuster applicants and licensees. TDI said certain licensing requirements for insurance agents and adjusters and extended …
Mercury General Corp. this week reported a first-quarter loss of $139.2 million, after reporting a profit in the same period a year earlier. The Los Angeles-based company said it had a loss of $2.51 per share. Earnings, adjusted for investment …
Exor, the holding company of Italy’s Agnelli family, said on Tuesday it would retain control of Bermuda-based reinsurer ParnerRe after French insurer Covéa said it could no longer buy the firm under the agreed terms. Exor earlier this year entered …
Storms with high winds swept through Tennessee knocking down trees and power lines, causing one death and leaving more than 100,000 customers without power, officials said. The storms Sunday caused one of the largest power outages on record in Nashville, …
San Francisco-based children’s clothing boutique Mudpie Inc. has filed a class action lawsuit on behalf of California-based retail stores against an insurance provider, saying the small businesses were wrongfully denied coverage for losses resulting from government-mandated public health shutdowns related …
Heffernan Insurance Brokers has acquired Contractors Insurance NW in Olympia, Wash. Heffernan purchased the assets of CINW to join HeffDirect, a division of Heffernan Insurance Brokers CINW offers commercial insurance for contractors in Washington, Oregon, California, Idaho, and Texas,. Walnut …
An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers’ compensation insurers to pay at least some COVID-19 claims. Pressure is growing on workers’ compensation …