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INSURANCE NEWS
Arthur J. Gallagher & Co. Acquires Louisiana’s Fontenelle & Goodreau
Arthur J. Gallagher & Co. announced the acquisition of Metairie, Louisiana-based Fontenelle & Goodreau Insurance, LLC. Terms of the transaction were not disclosed. Fontenelle & Goodreau Insurance offers commercial property/casualty coverages specializing in large apartment accounts in the Louisiana market …
Texas DWC Adopts Amendments to Accident Prevention Services
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced this week that it has adopted amendments the 28 Texas Administrative Code concerning certain submission requirements for insurance companies about their accident prevention services (APS). The rule will be …
People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman
McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot Lyman as partners to the firm’s U.S. property team. Milne joins the firm as a partner and head of U.S. …
Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher
Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for more than $15 billion, or 75%, of the Q1 total, according to a Gallagher Re in a report. Despite a …
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs
It will come as a surprise to no one that the majority of Florida and California homeowners say they have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found that just over …
Attorney Wants Footage of Fatal Chase in Mississippi But Town Says None Exists
JACKSON, Miss. (AP) — Civil rights attorney Ben Crump demanded Tuesday that police in a small town in Mississippi release camera footage of a chase that ended in the death of a Black teenager, but the city attorney said the …
NC Governor’s Pandemic Rules for Bar Closures Were ‘Illogical’ Court Says
RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper’s orders during the COVID-19 pandemic that directed standalone bars to remain shuttered for safety while restaurants that serve alcohol got to reopen were “illogical” and violated the state constitution, an appeals …
3 Construction Workers Killed Doing Overnight Sealing on I-83, Police Say
LEWISBERRY, Pa. (AP) — Three construction workers on a maintenance project along a Pennsylvania interstate were struck and killed by a truck early Wednesday, state police said. Investigators said a 24-year-old man was driving a large box truck at about …
Brooklyn Diocese Settles with New York AG for Mishandling Clergy Sex Abuse Cases
New York Attorney General Letitia James announced an agreement with the Roman Catholic Diocese of Brooklyn to address years of reported mismanaging clergy sexual abuse cases. According to the Office of the Attorney General, its investigation found the diocese failed …
El Niño to Trigger Drought Insurance Payouts in Four Southern African Countries
A drought driven by the El Nino weather pattern is likely to trigger insurance payouts to four southern African countries who took out cover with an agency of the African Union. Malawi, Zambia, Zimbabwe and Mozambique will receive payments at …
United Airlines Says Boeing to Compensate for Damages Caused by MAX 9 Grounding
United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier said on Wednesday. U.S. regulators had in January grounded some Boeing 737 MAX …
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract
Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services. The protests, which were led by …
