Insurance broker Marsh announced that Steven Capace and Bryan Salek have joined the firm to co-lead its U.S. Government Contracting Practice. In this dual leadership role, Capace and Salek will head a team responsible for services that address government contractors’ …
Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant. Below are preliminary numbers from Allstate, Arch, AXIS, and The Hanover. *** The Allstate Corp. said it had nearly $1.7 …
After many years of trying, Florida is closer than ever to repealing its 50-year-old motor vehicle no-fault law. However, many industry stakeholders have expressed opposition legislation passed by the Florida Senate last week and its companion bill approved by the …
Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total, Everest said the Texas winter storms will cost $250 million, while Australia’s New South Wales floods will cost $10 million. …
The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon NV’s local unit to Vienna Insurance Group AG, according to several people familiar with the matter. The issue was communicated …
Falvey Insurance Group Appoints McKenna as Chief Underwriting Officer Falvey Insurance Group has hired Mike McKenna, formerly of The Hartford, as chief underwriting officer to oversee the underwriting for its group companies: Falvey Cargo Underwriting, Falvey Shippers Insurance and Safe …
Now that Gov. Gavin Newsom is letting more businesses reopen as coronavirus cases decline, the California Legislature on has passed a bill requiring some hotels, stadiums other hospitality companies to offer laid-off workers their jobs back. Hospitality companies were some …
A suburban Atlanta barbecue restaurant owner will get $1.7 million to settle a federal lawsuit claiming he was harassed by government officials and employees. The city of Stockbridge’s insurer will pay the money to Arick Whitson, owner of Georgia Championship …
Unity Insurance Partners is now the name of the insurance division at Plano, Texas-based financial services firm, First United. First United’s insurance division originated from three different insurance companies that have been combined over several years. The company said the …
A former top executive at a Massachusetts-based shoe manufacturer has agreed to plead guilty to embezzling $30 million from the company, federal prosecutors said Wednesday. Richard Hajjar, 64, the former chief financial officer of Alden Shoe Co., agreed to plead …