Industry News

Insurance Journal

Willis Re Taps Moss from Lockton Re as Co-Head of Specialty Casualty Unit in London

Jul 08, 2020 Willis Re, the reinsurance division of Willis Towers Watson, announces the appointment of James Moss as co-head of Willis Re Specialty...

Specialty Program Group Acquires Tennessee-Based Avant

Jul 08, 2020 Specialty Program Group LLC (SPG), an operator of specialty insurance brokerages and underwriting facilities, has acquired Avant, LLC. (Avant), a transportation program...

Lawsuit Accuses Georgia Sheriff of Failing to Protect Inmates from Coronavirus

Jul 08, 2020 Overcrowded cells, a lack of personal protective equipment and limited access to cleaning and sanitation supplies are putting people in a Georgia...

CFC Launches Transaction Liability Product for Portfolio Acquisitions

Jul 08, 2020 CFC has enhanced its transaction liability suite of products with launch of a new product designed for private equity firms and businesses pursuing a...

Best's Reviews

IBC: Calgary Storm Hits C$1.2 Billion in Insured Losses, Becoming Canada’s Costliest Hail Event

Jul 08, 2020 Insurers incurred nearly C$1.2 billion ($884 million) in losses from a severe hail, rain and wind storm in Calgary in...

Consumer Giant Walmart Plans to Set Up Health Insurance Operation

Jul 08, 2020 Walmart Inc., the largest U.S. retailer and a company with $524 billion in revenue in fiscal 2020, is dipping its toes into the health insurance...

Zurich Creates WellCare Business and Names Leader to Run It

Jul 08, 2020 Zurich Insurance Group has created a WellCare business and has named Helene Westerlind to the newly created position of chief executive officer, Zurich...

KKR to Buy Global Atlantic Financial in $4 Billion Deal

Jul 08, 2020 KKR & Co. has agreed to buy retirement and life insurance company Global Atlantic Financial Group Ltd. in a deal that merges one of the largest fixed-rate...

Claims Journal

Report of Drone Strike on News Chopper Reveals Other Incidents

Jul 08, 2020 A small drone was almost certainly the object that damaged a news helicopter flying over Los Angeles last year, and the remote-controlled devices are suspected in two...

13 Hawaiian Airlines Employees Test Positive for Coronavirus

Jul 08, 2020 HONOLULU — Hawaiian Airlines Inc. says 13 of its employees have tested positive for the coronavirus following an annual training course. The employees who tested...

Cannabis Firms See Jump in Insurance Costs to Protect Leaders as Investors Sue

Jul 08, 2020 Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability,...

Bayer Puts Part of Roundup Settlement on Hold

Jul 08, 2020 FRANKFURT — Bayer has agreed to delay part of a proposed settlement of allegations that its widely used weedkiller Roundup caused cancer after a U.S. judge questioned its plan to...