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More Insurers to Offer Better D&O Coverage to Businesses With Robust ESG Frameworks: Marsh
Marsh announced today several enhancements to directors and officers liability (D&O) insurance offerings that could enable more clients to benefit from superior environmental, social, and governance (ESG) frameworks. The move signals a greater willingness among D&O underwriters to recognize organizations …
POSTED JUNE 30, 2022 3:52 PM |
People Moves: Sponic Succeeds Jacobsen at Donegal Personal Lines; Mullan Heads Human Resources for Risk Strategies; Edmonds Becomes Coaction’s Chief Actuary
Donegal Names Sponic to Lead Personal Lines David W. Sponic has been named senior vice president of personal lines by Donegal Insurance Group. Sponic succeeds Jeff Jacobsen, who the company said will transition into an advisory role leading up to …
POSTED JUNE 30, 2022 3:38 PM |
Over 20 New E&S Entrants Reshaping Marketplace: RPS
Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus marketplace over the last couple of years – and they may be more aggressive than incumbent insurers. …
POSTED JUNE 30, 2022 3:37 PM |
Texas-Based Injury Insurance Startup Spot Raises $33 Million
Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt. The round was led by Ensemble VC, with participation from Sozo Ventures …
POSTED JUNE 30, 2022 3:05 PM |
Report: California Workers’ Comp Insurer Losses Were up in 2021
Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation Insurance Rating Bureau of California’s report released …
POSTED JUNE 30, 2022 3:01 PM |
Hill Group Acquires Indiana’s Howe-LaGrange and Reick Agencies
The Hilb Group announced that it has acquired Indiana-based Howe-LaGrange Insurance Agency and Reick Insurance Agency, expanding the company’s growing presence throughout Indiana and the Midwest. Based in LaGrange, Indiana, Howe-LaGrange and Reick Agencies have served the area for nearly …
POSTED JUNE 30, 2022 2:59 PM |
Getting the Measure of Inflation for the (Re)insurance Industry
This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around the world. Starting with the pandemic, by …
POSTED JUNE 30, 2022 2:54 PM |
FBI Opens Widening Investigation of Clergy Sex Abuse in New Orleans
The FBI has opened a widening investigation into sex abuse in the Roman Catholic Church in New Orleans going back decades, a rare federal foray into such cases looking specifically at whether priests took children across state lines to molest …
POSTED JUNE 30, 2022 2:54 PM |
Northern California Wildfire Threatens 500 Buildings
A wildfire that erupted in Northern California forced evacuations as it threatened about 500 homes and other buildings, authorities said. The Rices Fire erupted at around 2 p.m. near the Yuba River in Nevada County and had spread to more …
POSTED JUNE 30, 2022 2:54 PM |
Whole Foods Workers Lose Appeal Over ‘Black Lives Matter’ Masks
A U.S. appeals court said Whole Foods employees cannot sue the upscale grocery chain or its parent Amazon.com Inc. after being sent home without pay or disciplined for wearing Black Lives Matter face masks on the job. In a 3-0 …
POSTED JUNE 30, 2022 2:12 PM |
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