Industry News

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Ageas Plans $74.5 Million Deal to Acquire Majority Stake in Indian Life Joint Venture

May 20, 2022 Ageas said it has agreed to acquire IDBI Bank’s 25% stake in Life insurance joint life venture Ageas Federal Life Insurance Co....

Former Georgia Insurance Commissioner Charged in Fraud and Money Laundering Scheme

May 20, 2022 Former Georgia Insurance Commissioner John Oxendine is facing federal charges of conspiracy to commit health care fraud and...

Chubb Shareholders Reject Fossil Fuel Underwriting Limits, Approve Greenhouse Gas Report

May 20, 2022 Chubb Ltd.’s board of directors got a split decision on climate issues as shareholders rejected a proposal to limit the group...

BestWeek: Briefing Panelists Uncertain Florida Legislative Session Will Produce Immediate Property Insurance Reform

May 20, 2022 Escalating losses continue to cause uncertainty in the Florida market and a special legislative...

Claims Journal

Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim

May 20, 2022 Florida may have one of the most generous attorney-fee mechanisms in the country, sometimes resulting in plaintiff’s fees that are several times greater...

Claims Business: Sedgwick, CoreLogic, Davies

May 20, 2022 Sedgwick acquires Orchid Medical Sedgwick has acquired Orchid Medical, a nationwide provider of ancillary medical management services for the workers’ compensationindustry. The...

Biden Warns of ‘Another Tough Hurricane Season’ This Year

May 20, 2022 JOINT BASE ANDREWS, Md. (AP) — President Joe Biden warned Wednesday that the country will likely see “another tough hurricane season” this year, and he...

Park Outdoors: Ford Recalls SUVs Due to Engine Fire Risk

May 20, 2022 DETROIT (AP) — Ford is asking the owners of 350,000 vehicles in to take them to dealers for repairs in three recalls, including about 39,000 that should be parked...

Insurance Journal

Markets/Coverages: Hub Targets Nonprofits; Ryan Tackles Auto Excess With Axsal; Trisura and HSB Back At-Bay Cyber

May 20, 2022 Hub Launches Nonprofit Specialty Practice Insurance broker Hub International, with decades of experience in the...

Explosion at Wisconsin Marine Construction Company Injures 6

May 20, 2022 A huge fire set off by an explosion burned Thursday at a marine construction company in southeast Wisconsin. Three civilians and three firefighters were injured at...

Minneapolis to Pay $1.5M to Man Arrested During George Floyd Protest

May 20, 2022 Minneapolis has agreed to pay $1.5 million to a man who said police used excessive force when he was arrested during the protests that followed George Floyd...

St. Louis Assistant Chief to Receive $162,000 in Discrimination Settlement

May 20, 2022 The city of St. Louis will pay a St. Louis assistant police chief nearly $162,000 to settle his federal discrimination lawsuit in which he alleged he was...