16 07, 2021

World Insurance Associates Acquires New Jersey’s McCue Captains Agency

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World Insurance Associates LLC (WIA) has acquired McCue Captains Agency of Little Silver, New Jersey, on July 1, 2021. Terms of the transaction were not disclosed. McCue Captains Agency was founded in 1927 as a local independent insurance agent. They …

16 07, 2021

New York Man Arrested for Insurance Fraud Following Criminal Investigation

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A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation. On January 28, 2020, the Ellenville Fire Department requested the Ulster County Fire Investigation Unit to respond in Wawarsing, New York, …

16 07, 2021

Delaware Captive Insurance Legislation Signed by the Governor

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With Delaware Governor John Carney’s recent signature, the state’s Captive Insurance Division is providing increased flexibility in its offerings to captive insurance companies. Senate Substitute 1 for Senate Bill 36 allows captives to be classified as registered series, offers clarity …

16 07, 2021

People Moves: Aon’s EMEA Promotions; Lockton Re Hires Charit from Aon; Miller Names Hobbs as Head of Cyber

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This edition of International People Moves covers appointments at three re/insurance brokers: Aon, Lockton Re and Miller. A summary of these new hires follows here. Insurance broker Aon plc has announced several promotions within its team in the Europe, Middle …

16 07, 2021

In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

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In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and business practices. There are many different ideas in …

16 07, 2021

Largest Wildfire in Oregon Prompts New Evacuations

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Firefighters are scrambling to control a raging wildfire in southeastern Oregon that’s spreading miles a day in windy conditions, one of numerous conflagrations across the U.S. West that are straining resources. Authorities ordered a new round of evacuations Thursday amid …

16 07, 2021

Ousted New Mexico Police Chief Files Whistleblower Suit

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Albuquerque’s former police chief is accusing top city officials of violating open record laws and a state statute meant to protect whistleblowers. Michael Geier and his former assistant, Paulette Diaz, filed a complaint against the city in state district court …

16 07, 2021

Enstar to Repurchase Hillhouse’s Equity Stake, Buys Controlling Interest in Enhanzed Re

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Bermuda-based Enstar Group Ltd. announced it has entered into an agreement to repurchase Hillhouse Capital Management’s entire remaining stake in Enstar for $879.3 million. The shares constitute 16.9% of total ordinary shares and 9.4% of voting ordinary shares. The transaction …

16 07, 2021

Washington Governor Declares Drought Emergency

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Washington Gov. Jay Inslee declared a statewide drought emergency because of hot, dry conditions that have plagued the region and water supply. Citing recent record temperature that killed at least 91 people in the state, increased wildfire activity and drought, …

16 07, 2021

Wisconsin’s Insurance Cybersecurity Measures Signed into Law

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Wisconsin’s governor has signed into law legislation creating new cybersecurity requirements for protecting data collected by the insurance industry. Governor Tony Evers signed Act 73, which is based on model legislation developed by the National Association of Insurance Commissioners (NAIC) …