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News – Insurance Journal
They’re Back! Actuarial Society, Under Pressure, Reinstates Ratemaking Rules
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them seemed like a long shot. But facing continuing pressure from actuaries representing …
POSTED MAY 12, 2021 1:15 PM |
Kaplansky Insurance Acquires Massachusetts’ John P. Riley Insurance
Kaplansky Insurance has acquired its third independent agency of 2021, John P. Riley Insurance. The purchase of the Dorchester, Massachusetts-based business marks Kaplansky’s 37th acquisition overall. John P. Riley opened his insurance agency in 1938 while also working in the …
POSTED MAY 12, 2021 1:02 PM |
Blind Teen Alleges Rhode Island Eatery Violated Her Rights
A blind Rhode Island teen and her family have filed a lawsuit with the Providence County Superior Court against a restaurant they say refused to seat them due to the presence of the teen’s service dog. Haylee Mota and her …
POSTED MAY 12, 2021 12:54 PM |
Maine Paper Mill That Was Site of Explosion Sues Inspection Firm
The owner of a paper mill in Maine that was the site of an explosion last year has filed a lawsuit against a company that was responsible for inspection and maintenance. One of the facility’s pulp digesters ruptured and fell …
POSTED MAY 12, 2021 12:49 PM |
Aon, Willis Towers Watson to Sell WTW Assets to Gallagher for $3.57 Billion
Aon plc and Willis Towers Watson have agreed to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. These businesses will be divested for …
POSTED MAY 12, 2021 12:11 PM |
The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe
More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may be wondering what other unprecedented events could be on the horizon. For the cyber community, this raises questions about the likelihood of a …
POSTED MAY 12, 2021 12:00 PM |
$2,300 Phone Call. $1,000 Cab Ride. Purdue Runs Up $400M Bankruptcy Tab.
One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab ride to and from the court in White Plains, New York — that’ll be $1,000. Those are just some of …
POSTED MAY 12, 2021 11:44 AM |
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to raise about $200 million in …
POSTED MAY 12, 2021 9:20 AM |
Zurich Insurance Expects Limited Exposure to Greensill Collapse
Zurich Insurance does not expect to have a major exposure to the failure of supply chain financing firm Greensill Capital, the insurer’s chief financial officer said on Wednesday after it reported solid first-quarter earnings. Greensill Capital lent money to firms …
POSTED MAY 12, 2021 8:28 AM |
3 Florida Insurers to Drop Thousands of Policies, Make Moves to Stay Afloat
More than 50,000 Florida policyholders will soon be looking for a new carrier for their homeowners insurance after three Florida-based companies were approved by the state regulator to drop the policies. The moves come just a few weeks before the …
POSTED MAY 12, 2021 8:06 AM |
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