Specialty Comp Insurance Solutions, Division of Specialty Program Group, LLC, announced today that Steve Math, FCAS, has been promoted to President & Chief Executive Officer of Specialty Comp Insurance Solutions (SCIS), reporting to Chris Treanor President of Specialty Program Group LLC. Steve takes the leadership helm from Jay Chase, who will be joining the SPG… Continue reading Steve Math Promoted to President & CEO of Specialty Comp Insurance Solutions
Author: Farkas Laura
Tokio Marine Launches CVC Fund to Back Early-Stage Startups
Tokio Marine, a Tokyo-based insurance company, announced Tuesday the launch of its $42 million corporate venture capital (CVC) fund, Tokio Marine Future Fund, to invest in early-stage startups worldwide. The Palo Alto-based CVC fund will invest between $500,000 and $3 million in seed and Series A rounds in industries such as insurtech, fintech, mobility, healthcare,… Continue reading Tokio Marine Launches CVC Fund to Back Early-Stage Startups
Marsh & McLennan 1Q 2022 Profits Beat Expectations
Marsh & McLennan Cos. (MMC) on Thursday reported first-quarter profit of $1.07 billion. On a per-share basis, the New York-based company said it had net income of $2.10. Earnings, adjusted for non-recurring costs, came to $2.30 per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research… Continue reading Marsh & McLennan 1Q 2022 Profits Beat Expectations
SIAA Acquires Rogue Risk, Expands Digital Footprint
Matt Masiello, CEO of SIAA (Strategic Insurance Agency Alliance) – the largest alliance of independent insurance agencies in the U.S. – announced today the acquisition of, and partnership with, Rogue Risk, a digital independent insurance agency. “SIAA has been successful in helping over 4,500 insurance professionals realize their dream of starting an independent agency,” said… Continue reading SIAA Acquires Rogue Risk, Expands Digital Footprint
Legal Sales of Recreational Marijuana in New Jersey Begin Today
Recreational marijuana sales begin in New Jersey on Thursday, making cannabis legally available for nonmedical purposes in the New York City and Philadelphia areas for the first time. Thirteen existing medical cannabis dispensaries in the Garden State were authorized earlier this month to serve all customers over the age of 21. According to state officials,… Continue reading Legal Sales of Recreational Marijuana in New Jersey Begin Today
Early Attorney Involvement Key Driver in Liability Claims
In May 2020, Sedgwick published an analysis of liability claims litigation trends and practices. When that analysis was being published, the world became entrenched in the COVID pandemic that over the course of the last two years has had a tremendous impact on practically all aspects of our lives; it has been described as an… Continue reading Early Attorney Involvement Key Driver in Liability Claims
Arthur J. Gallagher & Co. Acquires G.A. Mavon & Co. and Mavco Insurance Agency, Inc.
Arthur J. Gallagher & Co. today announced the acquisition of Hinsdale, IL-based G.A. Mavon & Co. and its Mavco Insurance Agency, Inc. subsidiary. Terms of the transaction were not disclosed. Founded in 1916, G.A. Mavon & Co. is a fourth-generation, family-run, standard and specialty lines wholesale broker. Mavco Insurance Agency, founded in 1972, is its… Continue reading Arthur J. Gallagher & Co. Acquires G.A. Mavon & Co. and Mavco Insurance Agency, Inc.
Paramount, Moonves Settle CBS Shareholder #MeToo Class Action for $14.75M
In response to a proposed class action alleging that the company’s failure to disclose sexual misconduct allegations against former CBS CEO Leslie Moonves artificially inflated the value of its stock, Paramount Global has agreed to pay $14.75 million to shareholders of the former CBS Corp. On Friday, lawyers for Paramount, Moonves, and the plaintiffs filed… Continue reading Paramount, Moonves Settle CBS Shareholder #MeToo Class Action for $14.75M
‘Zero-Day’ Hacks Hit Record in 2021: Google
Following a year marked by high-profile ransomware attacks and supply chain breaches, Alphabet Inc.’s Google researchers have identified another ignominious cyber milepost for 2021: a record number of “zero-day” exploits. A zero-day exploit is a previously unknown bug that provides software vendors with exactly zero days to secure. As a result, the technology in question… Continue reading ‘Zero-Day’ Hacks Hit Record in 2021: Google
As Mortgage Rates Rise, Home Prices Hit a New High in March
In March, home prices in the United States reached a new high of $375,300, as mortgage interest rates rose and a lack of available homes stymied buyers. Prices rose despite a drop in previously owned home sales in March. The National Association of Realtors reported Wednesday that existing-home sales fell 2.7 percent in March from… Continue reading As Mortgage Rates Rise, Home Prices Hit a New High in March