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News Updates

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International

RSS International News – Insurance Journal

  • Pro Global to Buy UK MGA Incubator, Vibe MGA Management
    Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK Holdings, the owners of Lloyd’s managing agent Vibe Syndicate …
  • Cyclone Kenneth Grows Stronger as It Barrels Towards Mozambique
    Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo Delgado …

National

RSS National News – Insurance Journal

  • Bayer Seeks Dismissal of $78M Roundup Glyphosate Verdict or New Trial
    Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer. In a filing in California’s Court …
  • Direct-to-Consumer Auto Insurers Grabbing Market Share
    Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of 6.2 percent. But 54 percent of those …

Southeast

RSS West News – Insurance Journal

  • California Lawmakers Advance Resilient Homes Initiative
    A bill to enable the California Earthquake Authority to expand mitigation programs cleared its first hurdle this week when it passed the Senate Insurance Committee. The Resilient Homes Initiative, Senate Bill 254, was authored and introduced in earlier this month …
  • Arizona Becomes 48th State with Cellphone-Driving Law
    Arizona ended a decade of resistance to restrictions on using a cellphone while driving when Gov. Doug Ducey signed a law this week outlawing holding a phone behind the wheel. It is now the 48th state to ban texting and …