News Center
News – Insurance Journal
Two Louisiana Parishes May Be Eligible for Federal Aid From Tropical Storm Damage
Farmers in two south Louisiana parishes who lost property during extreme weather in April through June may be eligible for federal aid, Louisiana Agriculture and Forestry Commissioner Mike Strain said Tuesday. Physical-loss loans are available for farmers in St. Tammany …
POSTED AUGUST 05, 2021 7:40 AM |
While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty” that existed for both brokers. Aon’s proposed …
POSTED AUGUST 05, 2021 6:42 AM |
Judge Says LinkedIn Must Face Lawsuit Claiming It Overcharged Advertisers
A U.S. judge said Microsoft Corp.’s LinkedIn must face a lawsuit claiming it inflated the number of people who watched video ads on the networking platform, allowing it to overcharge hundreds of thousands of advertisers. U.S. Magistrate Judge Susan van …
POSTED AUGUST 05, 2021 5:00 AM |
Atlantic Hurricane Forecast Still Calls for an Above-Average Season
Conditions remain in line for the current Atlantic hurricane season to be an above-average one, according to the mid-season update by NOAA’s Climate Prediction Center. NOAA says there is a 65% likelihood that the season will be above average. There …
POSTED AUGUST 05, 2021 1:07 AM |
Mexico Seeks $10 Billion in Damages in Liability Suit Against U.S. Gun Makers
Mexico sued several gun makers in a U.S. federal court on Wednesday, accusing them of reckless business practices that supply what it called a “torrent” of illegal arms to violent Mexican drug cartels, leading to thousands of deaths. The lawsuit …
POSTED AUGUST 05, 2021 12:20 AM |
reThought in Colorado Raises $15.5M in Series A Funds
Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra Ventures, the fundraising also includes participation from Hudson …
POSTED AUGUST 04, 2021 9:36 PM |
California Workers’ Comp Written Premium Down 13%, Report Shows
California workers’ compensation written premium for the first quarter of 2021 was 13% below that for the first quarter of 2020, according to a quarterly experience report issued on Wednesday by the Workers’ Compensation Insurance Rating Bureau of California. The …
POSTED AUGUST 04, 2021 6:13 PM |
Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private
Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As announced in January, the two firms agreed …
POSTED AUGUST 04, 2021 4:06 PM |
IMA Financial Acquires Diversified Insurance Group in Utah
IMA Financial Group has acquired Salt Lake City, Utah-based Diversified Insurance Group. Terms of the deal were not disclosed. Diversified will retain its name as a division of IMA Inc. Its CEO, Spence Hoole, will remain president of Diversified’s 70-plus …
POSTED AUGUST 04, 2021 3:59 PM |
MJ Insurance Acquires ProCourse Fiduciary Advisors in Indiana
Indianapolis-based risk management and employee benefits agency, MJ Insurance, acquired ProCourse Fiduciary Advisors (ProCourse) in Carmel, Indiana. MJ said the partnership enables the firms to offer a holistic approach to wellness and include retirement plan advisory services. The transaction closed …
POSTED AUGUST 04, 2021 3:47 PM |
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