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U.S. Justice Department Files Suit to Block Aon’s Purchase of Willis Towers Watson
Aon’s proposed $30 billion acquisition of Willis Towers Watson has hit a major roadblock, with the U.S. Department of Justice suing to block the deal. The DOJ’s civil antitrust lawsuit argues that the merger, which would bring together two of …
POSTED JUNE 16, 2021 9:54 PM |
Cornerstone Acquires Cannabis Specialist CLIC in California
Cornerstone Risk Solutions LLC, a Denver, Colo.-based subsidiary of IMA Inc., has acquired CLIC Management NV LLC, a managing general agent of group-based insurance programs for the legal cannabis industry. CLIC Management has offices in San Diego, Calif., and serves …
POSTED JUNE 16, 2021 5:16 PM |
Michigan to Insurers: Zero-Dollar Claim Is Not a Loss
Michigan insurance regulators are reminding property/casualty insurers that relying on “zero-dollar claim” in their insureds’ loss history is not allowed. In Bulletin 2021-27-INS, issued by Michigan Department of Insurance and Financial Services Director Anita Fox, the DIFS said some P/C …
POSTED JUNE 16, 2021 4:39 PM |
Texas Tortilla Factory Fined $218K for Workplace Safety Violations
A San Marcos, Texas-based tortilla manufacturer has been cited for repeat and serious workplace safety violations, and faces penalties of more than $200,000, federal regulators say. The Occupational Safety and Health Administration said previous inspections have given the operators of …
POSTED JUNE 16, 2021 4:27 PM |
California OKs Farmers and Zesty.ai Wildfire Risk Assessments, Will Bring 30K New Homeowners Policies
California regulators have approved a plan by Farmers Insurance to assess wildfire risk by using a tool that combines artificial intelligence with high-resolution aerial photography. The carrier said the Z-Fire risk scoring model developed by Zesty.ai is expected to make …
POSTED JUNE 16, 2021 4:19 PM |
Davies to Acquire San Antonio Claims Specialist IAS
UK-based Davies, a specialist professional services and technology business serving insurance and highly regulated markets, has agreed to acquire San Antonio-based IAS Claim Services (IAS). IAS provides a range of tech-enabled claims solutions including desk adjusting, field adjusting and third …
POSTED JUNE 16, 2021 4:09 PM |
Feds Inspected Illinois Chemical Plant Weeks Before Explosion, Fires
A northern Illinois chemical plant that was rocked by an explosion and massive fires that prompted evacuations was inspected by a federal agency less than a month before the blast sent debris raining down onto nearby areas. Inspectors from the …
POSTED JUNE 16, 2021 4:02 PM |
Credit Suisse Begins Filing Insurance Claims Over Greensill Capital Collapse- FT
Swiss bank Credit Suisse has prepared its first insurance claims on losses stemming from its $10 billion of funds tied to collapsed finance group Greensill Capital, the Financial Times reported on Wednesday. Credit Suisse is attempting to recoup billions of …
POSTED JUNE 16, 2021 3:09 PM |
People Moves: Jencap’s Maher, XS Brokers’ Mordarski Promoted; AGCS Hires Two
New York’s Jencap Group Promotes Maher to President Jencap Group LLC, a New York-headquartered national wholesale intermediary, has promoted Mark Maher to president. In his new role, Maher will work with the Jencap management team to develop strategic plans, drive …
POSTED JUNE 16, 2021 2:13 PM |
Maine Eyes Tougher Lead Testing in School Drinking Water
Maine lawmakers want to strengthen lead testing in school drinking water. The Maine Legislature has been considering a proposal to decrease the standard for lead in drinking water from 15 parts per billion to four parts per billion. The Maine …
POSTED JUNE 16, 2021 2:07 PM |
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