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25 08, 2022

People Moves: CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Mgmt Liability; Aon Strengthens Capital Advisory Unit to Drive Legacy Reinsurance Growth

By | August 25th, 2022|Uncategorized|Comments Off on People Moves: CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Mgmt Liability; Aon Strengthens Capital Advisory Unit to Drive Legacy Reinsurance Growth

CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Management Liability Team CNA Hardy has appointed Edward Crew as senior technical underwriter, and Oliver Devenish, as underwriter, to the London/Lloyd’s Management Liability team. Based in London and working across both Lloyd’s …

22 08, 2022

Big Legal Battle Brews Over Nevada Dorm Blast as Students Return

By | August 22nd, 2022|Uncategorized|Comments Off on Big Legal Battle Brews Over Nevada Dorm Blast as Students Return

Three years after a gas explosion ripped through a University of Nevada dormitory, hundreds of students will start moving into the remodeled building this week as a legal battle looms over more than $100 million in damages. School officials likened …

25 08, 2022

Highstreet Acquires Michigan’s Paragon Underwriters

By | August 25th, 2022|Uncategorized|Comments Off on Highstreet Acquires Michigan’s Paragon Underwriters

Highstreet Insurance Partners has acquired Michigan-based Paragon Underwriters. Paragon Underwriters is a program manager that focuses exclusively on attorneys and law firms. Highstreet. has now completed 125 transactions since forming the company in mid-2018. Paragon Underwriters is the 29th transaction …

22 08, 2022

Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best

By | August 22nd, 2022|Uncategorized|Comments Off on Reinsurance Capital To Drop $40 Billion at Year-End 2022: AM Best

AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435 billion for 2022 from …

25 08, 2022

Arthur J. Gallagher & Co. Acquires Louisiana-Based Watkins

By | August 25th, 2022|Uncategorized|Comments Off on Arthur J. Gallagher & Co. Acquires Louisiana-Based Watkins

Arthur J. Gallagher & Co. today announced the acquisition of Alexandria, Louisiana-based Watkins Insurance & Benefits, LLC, dba Watkins Group — Insurance & Benefits Specialists. Terms of the transaction were not disclosed. Founded in 2008, Watkins Group offers employee benefit …

22 08, 2022

Louisiana Suit Alleging Off-Camera Jail Beatings Revived

By | August 22nd, 2022|Uncategorized|Comments Off on Louisiana Suit Alleging Off-Camera Jail Beatings Revived

A federal appeals court cleared the way last Friday for a lawsuit to proceed against guards and officials at a privately run north Louisiana jail where an inmate died with a fractured skull in 2015. The lawsuit by family members …

25 08, 2022

Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts

By | August 25th, 2022|Uncategorized|Comments Off on Louisiana Dept. of Insurance Fines Public Adjuster Accused of Pocketing Insurer Payouts

The Louisiana Department of Insurance has ordered a Texas father-and-son public adjusting team to pay a $50,000 fine for pocketing money that was intended for insurance claimants. The department on Aug. 18 revoked the public adjuster license issued to Kade …

22 08, 2022

Iowa Man Charged in Workers’ Comp Fraud Scheme

By | August 22nd, 2022|Uncategorized|Comments Off on Iowa Man Charged in Workers’ Comp Fraud Scheme

Thomas Stephanie, age 46, of Washington, Iowa, was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau.The charges against Stephanie stem from an investigation which …

25 08, 2022

Amazon Keeps Growing, and So Does Its Cache of Data on You

By | August 25th, 2022|Uncategorized|Comments Off on Amazon Keeps Growing, and So Does Its Cache of Data on You

From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn’t want to halt its reach anytime soon. In recent weeks, Amazon has said it …

22 08, 2022

People Moves: Liberty Mutual Names Former CNA Exec as President, GRS N. America; AXA XL Boosts Cyber Insurance Team in N. America With 3 Hires

By | August 22nd, 2022|Uncategorized|Comments Off on People Moves: Liberty Mutual Names Former CNA Exec as President, GRS N. America; AXA XL Boosts Cyber Insurance Team in N. America With 3 Hires

Liberty Mutual Names Former CNA Exec as President, GRS North America Liberty Mutual Insurance announced the appointment of Kevin Smith as president of Global Risk Solutions (GRS) North America. Reporting to GRS President Neeti Bhalla Johnson, Smith will be accountable …