Italy’s largest insurer Assicurazioni Generali SpA launched a 1.2 billion-euro ($1.4 billion) bid to buy all the shares it doesn’t already own in smaller rival Societa Cattolica di Assicurazioni, as part of a strategy to cement its already-commanding presence in …
A fire at a Chicago-area truck service facility has damaged at least 17 semitrailers. The blaze at KDM Truck Service in Addison was reported about 10:30 p.m. on May 31, according to WLS-TV. Two semitrailers initially were reported to be …
Kentucky’s request for individual assistance for 22 additional counties hit by severe flooding has been approved by the Federal Emergency Management Agency, Gov. Andy Beshear said Friday. Assistance can include grants for temporary housing and home repairs, plus low-cost loans …
A Michigan grocery store chain denied employee a reasonable accommodation and demoted him due to disability, federal authorities say. The U.S. Equal Employment Opportunity Commission (EEOC) said Meijer Inc., a grocery store chain based in Grand Rapids, Mich., will pay …
AssuredPartners has acquired Anchor Pardue Insurance of Mountain Brook, Ala. Anchor Pardue is the second acquisition in May for Assured Partners and its 18th acquisition in 2021. The team will remain under the leadership of Richard Pardue, president, and Lisa …
A river transportation company will pay $40,000 to resolve a race harassment lawsuit filed in Louisiana, federal authorities say. The U.S. Equal Employment Opportunity Commission (EEOC) said it filed suit alleging employees at American River Transportation Co. (ARTCO), headquartered in …
Federal employment laws do not prevent an employer from requiring all employees physically entering the workplace to be vaccinated for COVID-19, the Equal Employment Opportunity Commission (EEOC) has affirmed. Also, employers may offer incentives for employees to get vaccinated and …
Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as “the world’s first fully sustainable insurer.” Aiming to raise $500 million in capital, Parhelion plans to begin underwriting from Jan. 1, 2022. …
A bill passed by the Florida Legislature to address the state’s property insurance crisis has created optimism among some stakeholders, while others say it will not reduce rates over the next 18 to 24 months or stop the state’s out-of-control …
Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off a stink bomb in front of the market’s London headquarters. The activist group, Insurance Rebellion, is demanding the UK government …