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News – Insurance Journal
$29.5M Award for Nevada Family in Allergic Reaction Case
A jury has awarded $29.5 million to the family of a woman who was left brain damaged after being treated for a severe allergic reaction by an ambulance service in Las Vegas in 2013. Then-27-year-old Chantel Giacalone went into anaphylactic …
POSTED APRIL 12, 2021 2:47 PM |
4 Washington Students Hurt in Bus Crash Awarded $1.4M
A jury has awarded four former marching band students at the University of Washington more than $1.4 million after they were injured in a bus crash on their way to a football competition with rival Washington State University. Students Alexia …
POSTED APRIL 12, 2021 2:45 PM |
High Street Insurance Partners Expands in Northeast with Three Acquisitions
Huron Capital Partners LLC, a lower middle-market private equity platform, has announced that its full-service insurance brokerage platform, High Street Insurance Partners (HSIP), has acquired Hartzell Insurance Associates, NYAB Insurance and Perry & Carroll Insurance. HSIP, formed in August 2018 …
POSTED APRIL 12, 2021 1:46 PM |
Pennsylvania Construction Firm Accused of Stealing $20M from Workers
A major Pennsylvania construction contractor was charged Thursday with stealing tens of millions of dollars from its own workers by systematically violating state and federal prevailing wage laws on taxpayer-funded public infrastructure projects. Glenn O. Hawbaker Inc. of State College, …
POSTED APRIL 12, 2021 1:44 PM |
Rhode Island Governor Signs Climate Change Bill Into Law
A wide-ranging climate bill that requires Rhode Island to reach net-zero greenhouse gas emissions by 2050 was signed into law Saturday by Governor Daniel McKee. “With four hundred miles of coastline, urban and rural coastal communities, fishing and agricultural industries, …
POSTED APRIL 12, 2021 1:36 PM |
U.S. Raises Average Number of Named Storms for Atlantic Hurricane Season
The U.S. National Oceanic and Atmospheric Administration (NOAA) has changed the number of storms that constitute an average Atlantic hurricane season, the agency said in a statement on Friday. NOAA’s Climate Prediction Center is using 1991-2020 as the 30-year period-of-record …
POSTED APRIL 12, 2021 12:54 PM |
Hathaway to Lead RT Specialty Transportation; Beecher Named President at Interstate
Doug Hathaway has been appointed as head of RT Specialty’s National Transportation Practice as well as its commercial transport program: Interstate Insurance Management (Interstate). Hathaway has served as chief underwriting officer at Interstate since February 2020. Prior to that he …
POSTED APRIL 12, 2021 12:09 PM |
Aon Offers Concessions to Gain EU Antitrust Approval for $30B Willis Bid
BRUSSELS – Insurance broker Aon has offered concessions to gain EU antitrust approval for its $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on Monday. The sector’s biggest deal ever comes as insurers grapple with …
POSTED APRIL 12, 2021 11:58 AM |
Chinese Insurtech Waterdrop Faces Regulatory Pushback on Planned IPO: Sources
SHANGHAI/HONG KONG – Chinese online insurance technology firm Waterdrop Inc. is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people familiar with the situation told Reuters. Waterdrop, …
POSTED APRIL 12, 2021 11:07 AM |
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon
Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion, according to Aon’s monthly Global Catastrophe Recap report, which …
POSTED APRIL 12, 2021 10:44 AM |
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