News – Insurance Journal
|Louisiana Seeks to Clarify Named Storm/Hurricane Deductible Law
The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurricanes/subtropical storms. Advisory Letter No. …
POSTED JUNE 22, 2018 12:23 AM
|Sea Level Rise Puts $117.5B at Risk from Chronic Flooding
Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …
POSTED JUNE 22, 2018 12:04 AM
|Arthur J. Gallagher Buys Marchetti, Robertson & Brickell Insurance and Bonding Agency
Illinois-based Arthur J. Gallagher & Co. has acquired Marchetti, Robertson & Brickell Insurance and Bonding Agency Inc., with offices in Ridgeland, Mississippi, and Kansas City, Missouri. Terms of the transaction were not disclosed. Founded in 1953, Marchetti, Robertson & Brickell …
POSTED JUNE 21, 2018 11:59 PM
|Artist Sues NRA for Using Chicago’s ‘Bean’ Sculpture in video
The artist behind Chicago’s famous bean-shaped sculpture has filed a federal lawsuit accusing the National Rifle Association of copyright infringement by using an image of his work in a video advertisement last year. Anish Kapoor’s lawsuit filed in the U.S. …
POSTED JUNE 21, 2018 11:41 PM
|Legislative Audit: Kansas Wildfire Response Underfunded, Understaffed
A legislative audit says Kansas’ wildfire suppression system is underfunded and understaffed and operates with a fragmented leadership. The Topeka Capital-Journal reports the audit was ordered after wildfires in 2016 and 2017 burned more than 800,000 acres in Kansas, causing …
POSTED JUNE 21, 2018 11:30 PM
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IBR - Personal Lines News
|ING, AXA partner to build digital insurance platform
Dutch multinational banking and financial services firm ING has partnered with French insurer AXA to build a global insurance platform.
POSTED JUNE 14, 2018 11:00 PM
|XL Group shareholders approve $15.3bn merger deal with AXA
The common shareholders of XL Group have approved the $15.3bn merger agreement with French multinational insurance firm AXA.
POSTED JUNE 07, 2018 11:00 PM
|The Hartford completes sale of Talcott Resolution for $2.75bn
The Hartford has completed the sale of its run-off life and annuity business, Talcott Resolution, to an investor group led by Cornell Capital, Atlas Merchant Capital, TRB Advisors, Global Atlantic Financial Group, Pine Brook and J. Safra Group.
POSTED MAY 31, 2018 11:00 PM
|Endsleigh goes live with SSP’s core broking solution
UK-based insurance provider for students Endsleigh has gone live with SSP’s core broking solution.
POSTED MAY 17, 2018 11:00 PM
|DARAG, New Nordic to buy two portfolios of Qudos Insurance in first joint deal
DARAG and New Nordic Advisors will purchase two portfolios of Qudos Insurance, the control of which New Nordic acquired in 2017 through a joint cell structure.
POSTED MAY 14, 2018 11:00 PM