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News – Insurance Journal
Thoma Bravo Completes Acquisition of Insurance Software Firm Majesco
Private equity firm Thoma Bravo has completed the acquisition of insurance software firm Majesco. As previously announced on August 8, 2020, under the terms of an amended and restated definitive merger agreement, Thoma Bravo agreed to acquire all of the …
POSTED SEPTEMBER 22, 2020 4:52 PM |
USDA Plans $14B More in Virus Relief for Farmers
The federal government said on Sept. 18 that it will give farmers an additional $14 billion to compensate them for the difficulties they have experienced selling their crops, milk and meat because of the coronavirus pandemic. The U.S. Department of …
POSTED SEPTEMBER 22, 2020 4:52 PM |
Abandoned Vehicles a Common Problem in Omaha, Nebraska, Neighborhoods
The blue SUV had been parked in front of the Omaha Bike Project near 33rd and California Streets, with its windows down, for more than three months. After multiple calls to the Mayor’s Hotline failed to yield results, Chris Foster, …
POSTED SEPTEMBER 22, 2020 4:46 PM |
‘Limited Fire Safety Practices’ Worsened Deadly Alabama Marina Fire
A fire that killed eight people and did more than $500,000 damage at an Alabama marina started accidentally but was worsened by the marina’s “limited fire safety practices,” according to a federal report. The National Transportation Safety Board, in a …
POSTED SEPTEMBER 22, 2020 4:42 PM |
Harris, King Named Execs at CAC Specialty’s Natural Resources Practice in Houston
CAC Specialty (CAC) has appointed Lisa Harris as executive vice president of Client Service and Gary King as executive chairman of its newly formed Natural Resources Practice, based in Houston. The Natural Resources Practice will warehouse CAC’s key resources focused …
POSTED SEPTEMBER 22, 2020 4:39 PM |
More than 40% of Coronavirus Deaths in Nebraska at Nursing Homes
More than 40% of the deaths linked to the coronavirus in Nebraska have been at nursing homes, but the overall rate of deaths in the state’s nursing homes has remained relatively low compared with national figures. A total of 185 …
POSTED SEPTEMBER 22, 2020 4:37 PM |
Rainy Beta Lands on Texas Coast as Tropical Storm
Slow-moving Tropical Storm Beta made landfall on the Texas coast on Sept. 21 at around 10 pm near the Matagorda Peninsula, packing heavy rains and sustained winds of around 45 mph. Beta is the ninth named storm to hit the …
POSTED SEPTEMBER 22, 2020 4:34 PM |
Berkshire Hathaway Specialty Taps AIG’s Hamon, Batchili for Executive Team in France
Berkshire Hathaway Specialty Insurance (BHSI) is entering the executive and professional insurance lines market in France and has appointed Olivier Hamon as head of Financial Institutions and Management Liabilities and Alice Batchili as Professional Indemnity manager. Hamon and Batchili, both …
POSTED SEPTEMBER 22, 2020 4:27 PM |
Beazley Beefs Up Executive Risk Team in U.S. with 6 More Recruits
Specialty insurer Beazley has expanded its underwriting and claims presence in the U.S. with new hires for its Executive Risk team that focuses on board-level risks facing businesses and their executives. Elizabeth Cassarino joins Beazley’s Boston team as an underwriter. …
POSTED SEPTEMBER 22, 2020 3:47 PM |
New York Calls on Insurers to Address Climate-Related Financial Risks
New York State Department of Financial Services (DFS) Superintendent Linda Lacewell today implemented several new initiatives to address climate-related financial risks, calling on insurers to begin integrating these practices into their risk management and business strategies. This move comes amidst …
POSTED SEPTEMBER 22, 2020 3:40 PM |
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