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Ardonagh Reaches $14 Billion Valuation With Stone Point Investment
Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to $14 billion in three years, according to people familiar with the matter. The deal will see Greenwich, Connecticut-based Stone Point …
POSTED DECEMBER 18, 2024 8:07 AM |
Jury Awards $80M to Family of Chicago Girl Killed During Police Chase
CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was killed during a police chase and crash in 2020. The city had acknowledged liability in the death of Da’Karia Spicer. The …
POSTED DECEMBER 18, 2024 7:30 AM |
Biden’s LNG-Export Study Presents ‘Speed Bump’ for Trump
The Biden administration released a key study Tuesday that is likely to complicate President-elect Donald Trump’s plans to quickly approve more exports of liquefied natural gas. The study, which analyzed the economic, environmental and other costs of such shipments, found …
POSTED DECEMBER 18, 2024 6:07 AM |
Can Comp-Exempt Sub Owner Sue Contractor for Work Injury? Miss. Court Says ‘No’
It’s a question that has cropped up in state courts only on rare occasions: If the owner or officer of a subcontractor firm opts out of workers’ compensation coverage for himself, can he then sue the general contractor for negligence …
POSTED DECEMBER 18, 2024 6:01 AM |
AM Best Report Stirs the Pot on Whether MGAs Lead to Insurer Insolvencies
In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued that it wasn’t litigation and roof claims that had led to so many insurer insolvencies: It …
POSTED DECEMBER 18, 2024 6:01 AM |
Schrager Hampson Aviation Expands With Acquisition of Pennsylvania’s Bilella Agency
Schrager Hampson Aviation Insurance Agency LLC, a division of Schrager Hampson Aviation Insurance Group, has announced the acquisition of Charles W. Bilella Agency Ltd, its sixth aviation insurance acquisition. The Charles W. Bilella Agency, in Blue Bell, Pennsylvania, has served …
POSTED DECEMBER 18, 2024 6:00 AM |
Hub Acquires High Net Worth Specialist Jackson Hole Insurance
Hub International Ltd. acquired the assets of Jackson Hole Insurance LLC in Wyoming. Evan Molyneaux, president, and Geoff Whitaker, senior sales executive, will join Hub Mountain. Jackson Hole Insurance will be referred to as Jackson Hole Insurance, a Hub International …
POSTED DECEMBER 18, 2024 6:00 AM |
Massachusetts Weighs Workers’ Comp Rate Hike to Correct for ‘Excessive’ 2024 Cut
Massachusetts workers’ compensation insurers have filed for a 7.1% increase in average rates for industrial classes beginning July 1, 2025 — the first rate increase since 2016. Why an increase in 2025? According to the industry, it’s because the state …
POSTED DECEMBER 18, 2024 6:00 AM |
Cal/OSHA Issues $276K Citation for Serious Heat Violations
The California Division of Occupational Safety and Health issued $276,425 in penalties to Parkwood Landscape Maintenance based in Van Nuys, California, for willfully violating state heat illness prevention regulations. Cal/OSHA determined that the employer knowingly failed to follow heat protection …
POSTED DECEMBER 18, 2024 6:00 AM |
Washington Fines and Moves to Bar Asbestos Removers From Working in State
Two Washington asbestos removal contractors face losing the ability to legally do future asbestos removal work, plus nearly a half-million dollars in fines, for allegedly knowingly exposing workers to extremely hazardous conditions. The Washington State Department of Labor & Industries …
POSTED DECEMBER 18, 2024 6:00 AM |
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