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News – Insurance Journal
Arthur J. Gallagher Acquires Australia Workplace Risk Consultant P2 Group
Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuries and WorkCover …
POSTED JUNE 18, 2019 8:04 AM |
Lloyd’s of London Aims to Revamp Auto Coverage as Era of Driverless Cars Looms
Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to …
POSTED JUNE 18, 2019 7:51 AM |
China’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources
Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that could mark a return to big-ticket deals for the Chinese conglomerate backed by billionaire Guo Guangchang. Fosun has held …
POSTED JUNE 18, 2019 7:30 AM |
PERILS Buys Canada’s Catastrophe Loss & Exposure Analysis Firm CatIQ
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were not disclosed. Established in 2014, CatIQ provides catastrophe loss and exposure information in Canada, …
POSTED JUNE 18, 2019 6:45 AM |
After Lawmakers Abolish State Plumbing Licensing Board; Texas Governor Revives It
Heading off the prospect of everyone in Texas being able to call themselves plumbers, Gov. Greg Abbott extended the Texas State Board of Plumbing Examiners and its licensing law until 2021 via an executive order. The Texas State Board of …
POSTED JUNE 18, 2019 5:16 AM |
Chicago to Partner with Gallagher in Overhaul of City’s Workers’ Comp Program
Chicago Mayor Lori E. Lightfoot said the city will partner with Gallagher Bassett, an international public sector claims administrator, as well as Gallagher Global Brokerage Risk Program Administrators, to overhaul and professionalize Chicago’s workers’ compensation program after an independent audit …
POSTED JUNE 18, 2019 5:04 AM |
Michigan’s High Street Insurance Names Tuitas Sr. Partner, CFO
High Street Insurance Partners (High Street), a Michigan-based provider of commercial insurance, personal lines and employee benefits services, has appointed Dave Tuitas as senior partner and chief financial officer. Tuit joins a management team led by High Street executives Scott …
POSTED JUNE 18, 2019 5:02 AM |
Overcoming Dearth of Data Remains Key to Cyber Insurance Underwriting, Say Experts
While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s really scary to underwrite something when you just don’t know …
POSTED JUNE 18, 2019 5:00 AM |
D&O Insurance Costs Soar as Investors Run to Court Over IPOs
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving initial …
POSTED JUNE 18, 2019 5:00 AM |
Supreme Court Returns Gay Wedding, Religion Rights Case to State
The U.S. Supreme Court ordered reconsideration of a $135,000 award against an Oregon bakery that refused to make a cake for a same-sex wedding in a case that revived a fractious debate over religious rights and equal treatment. After more …
POSTED JUNE 18, 2019 5:00 AM |
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