12 01, 2021

Covid-19 Vaccine Distribution Risks and Insurance: Q&A With Allianz Specialists

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As COVID-19 vaccine distribution rolls out across the country, insurers of the pharmaceutical industry are in a position to share their experience as to what constitutes a successful and safe distribution process. Allianz Global Corporate & Specialty (AGCS) is one …

12 01, 2021

High Street Insurance Partners Acquires Maryland’s Day, Deadrick & Marshall

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Lower-middle-market private equity firm Huron Capital’s full-service insurance brokerage platform, High Street Insurance Partners, has acquired Day, Deadrick & Marshall Inc (DDM). Beltsville, Md.-based DDM is a full service, independent agency with a focus on personal, business insurance and financial …

12 01, 2021

IAT Insurance Group Hires Buffalano as Vice President in New Jersey Office

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IAT Insurance Group, a provider of specialty property/casualty and surety products, has hired Joe Buffalano as vice president of Underwriting and Management Liability. Buffalano resides in New Jersey and will be based out of IAT Insurance Group’s Newark, N.J., office. …

12 01, 2021

Courts Allow COVID-19 Claims by Insureds With Policy Endorsements for Diseases

By | January 12th, 2021|Uncategorized|Comments Off on Courts Allow COVID-19 Claims by Insureds With Policy Endorsements for Diseases

While insurers continue to win four out of five cases in early rounds, in the past month two property owners with policies that contained endorsements specifically providing coverage for diseases survived motions to dismiss their COVID-19 business interruption claims. On …

12 01, 2021

ReSource Pro Acquires 2 Insurance Consulting Firms: Strategy Meets Action, Nolan

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Insurance operations, analytics and process services firm ReSource Pro said it has acquired two strategic advisory and management consulting firms focused on property/casualty insurance, Strategy Meets Action (SMA) and The Nolan Company (Nolan). The transactions were completed on Jan. 1, …

12 01, 2021

Maine Salmon Product Company Denies Claims in Lawsuit

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A Maine-based smoked salmon producer is defending itself against claims that its products are not sustainably produced. A New York resident alleged in a lawsuit that Ducktrap River of Maine does not use sustainable practices despite the labels affixed to …

12 01, 2021

Liability Bill in Montana Would Limit Virus Litigation

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A Montana Senate committee is considering a bill that would provide liability protection for businesses and health care providers against lawsuits related to the pandemic. The Senate Business, Labor and Economic Affairs Committee held a hearing Friday on the bill, …

12 01, 2021

Hamilton’s Lloyd’s Operations Hires Ormes from Chubb, Mognetti from Acappella

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Hamilton Insurance Group Ltd. announced two senior appointments in its Lloyd’s operations, Hamilton Managing Agency Ltd. – Trevor Ormes as deputy active underwriter of Syndicate 4000 and head of Professional Lines, and Florence Mognetti as head of Political Risk. Ormes …

12 01, 2021

California Insurance Agents Arraigned in $687K Grand Theft Scheme

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Licensed insurance agents Robert Farmer, 65, of Camarillo, Calif., and Marion Urcan, 67, of Agoura Hills, Calif., were arraigned this week in Los Angeles County Superior Court on multiple counts of grand theft after allegedly accepting over $687,000 in insurance …

12 01, 2021

Levy to Retire as CEO of Munich Re US; Winter to Succeed Him

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Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed. Levy has worked for Munich Re US for 23 years, holding a …