Marsh & McLennan Agency LLC has acquired Missoula, Mont.-based PayneWest Insurance. Terms of the deal were not disclosed. PayneWest will operate as MMA’s Northwest regional hub under Kyle Lingscheit, CEO of PayneWest. Lingscheit will report to David Eslick, chairman and …
La Jolla, Calif.-based Palomar Holdings Inc. announced that through its wholly-owned subsidiaries, Palomar Specialty Insurance Co. and Palomar Excess and Surplus Insurance Co., the company has successfully closed a $400 million 144A catastrophe bond completed through Torrey Pines Re Pte. …
As Florida insurers focus on addressing mounting losses in the state’s property insurance market with legislative reforms, rising rates and coverage restrictions, other stakeholders are working to educate consumers about one issue that is perpetuating the markets problems – contractor …
A bill that would allow medical marijuana use in South Carolina has again made it to the Senate floor, and the Republican lawmaker who has pushed unrelentingly for the proposal for the past seven years said he thinks it can …
The Georgia Department of Public Safety has settled with 26 of the troopers it fired after they were accused of cheating on an exam. All but two of these former troopers were offered their jobs back as part of the …
Chicago-based Hub International Limited (Hub) has acquired the assets of KC Insurance Group LLP in Overland Park, Kansas. Terms of the transaction were not disclosed. KC Insurance Group is an independent insurance agency serving the Kansas City area and specializing …
A Michigan-based home improvement store operator will pay $25,000 to settle a sexual harassment lawsuit, federal officials say. In its sexual harassment lawsuit filed against Menards Inc., which operates over 300 home improvement stores in 14 states, the U.S. Equal …
An Iowa insurance agent has had his license suspended and has been ordered to cease and desist conducting insurance business in the state, regulators say. The Iowa Insurance Division said in addition, Oscar Sanchez of West Des Moines, is banned …
After negative moves by ratings agencies last month to address its financial issues, Florida’s insurance regulator says American Capital Assurance Corp. (AmCap) is insolvent and should be placed in receivership, In a letter dated April 2 to Chief Financial Officer …
LONDON – G20 companies will face common disclosure requirements on climate change risks under plans by the Financial Stability Board, which coordinates financial rules for the group. In the latest sign of how policymakers want faster action to replace the …