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U.S. AG Garland Hails Aon-Willis Merger Termination as a ‘Victory for Competition’
U.S. Attorney General Merrick Garland today welcomed the decision by insurance brokers Aon and Willis Towers Watson to terminate their planned $30 billion merger. “This is a victory for competition and for American businesses, and ultimately, for their customers, employees …
POSTED JULY 26, 2021 7:25 PM |
Gulfstream Insurance Admits Insolvency, Agrees to Liquidate
Personal residential insurer Gulfstream Property and Casualty Insurance Co. has agreed to liquidate according to a July 22 order signed by the Florida Office of Insurance Regulation. The Florida Department of Financial Services must agree to receivership before the liquidation …
POSTED JULY 26, 2021 6:12 PM |
Texas Lifting Insurance-Related COVID-19 Suspensions
A bulletin issued by the Texas Department of Insurance outlines actions the agency is taking to return to the ordinary course of business after Texas Gov. Greg Abbott rescinded suspensions of insurance-related statutes and rules issued in response to the …
POSTED JULY 26, 2021 4:55 PM |
Homeownership Study of Minnesota’s Twin Cities Shows Increase in Rentals
A new study found that between 2005 and 2020, the percentage of single family rentals increased by over 10% in North Minneapolis, Southeast Como and parts of St. Paul, with Southeast Como’s rentals changing due, in part, to an aging …
POSTED JULY 26, 2021 4:48 PM |
Detroit Area Hit with Severe Storms, High Winds, Flooding
Thousands of utility customers in the Detroit area had no power on July 25 following a night of severe storms. DTE Energy reported nearly 135,000 customers in Oakland and Macomb counties had no service at 10:20 a.m. due to wind …
POSTED JULY 26, 2021 4:46 PM |
Viewpoint: Be Prepared Before Disaster Strikes
In the wake of 2020 and winter storm Uri, we have seen firsthand how disaster can strike anytime or anywhere, causing sometimes irreparable damage — and no business is immune. Perhaps one of the greatest lessons is the importance of …
POSTED JULY 26, 2021 4:33 PM |
Study: Many Texas Households Lack Homeowner’s Insurance
A study conducted the Texas Real Estate Research Center at Texas A&M University following winter storm Uri revealed a widespread lack of homeowners insurance in the state. The study shows households that are low-income, in nonmetropolitan areas, or without a …
POSTED JULY 26, 2021 4:32 PM |
People Moves: ArgoGlobal’s Birtwistle to Howden’s New Reinsurance Casualty Team; Riddell Promoted to CEO of Berkley Re Australia, Succeeding Piper
This edition of International People Moves covers appointments at London-based broker Howden Reinsurance and Berkley Re Australia. A summary of these new hires follows here. Howden Reinsurance, part of international re/insurance intermediary Howden Broking, has announced the first appointment to …
POSTED JULY 26, 2021 4:26 PM |
Carfagna, Hall Introduce Data Privacy Legislation in Ohio
Two Ohio state representatives have introduced legislation aimed at protecting data privacy by creating standards for the handling of data by businesses. Rick Carfagna (R-Genoa Township) and Thomas Hall (R-Madison Township) introduced House Bill 376, known as the Ohio Personal …
POSTED JULY 26, 2021 4:24 PM |
Workers’ Compensation Research Study Shows No Treatment Delays Due to COVID
COVID-19 did not delay medical treatment for workers’ compensation claimants, but did decrease the amount of emergency care and other services provided to injured workers, a study released by the Workers’ Compensation Institute concludes. Research by WCRI economist Olesya Fomenko …
POSTED JULY 26, 2021 4:17 PM |
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