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Swiss Re Adds Management Liability Coverage for Non-Profits, Private Companies

Swiss Re Corporate Solutions has expanded its Executive Risk product offering with the launch of SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies. SwissGuard insures against directors and officers liability, employment practices liability and fiduciary liability for US-domiciled companies. It protects against claims derived from mergers and acquisitions activity, financial performance, […]

Brown & Brown Acquires Louisiana Employee Benefits Firm

Brown & Brown of Louisiana LLC, a subsidiary of Florida-based Brown & Brown Inc., has acquired substantially all of the assets of Lapeyre, Staples & Robichaux, the companies announced. Lapeyre, Staples and Robichaux, based in Houma, Louisiana, specializes in employee benefits insurance products and services. Partners Chris Lapeyre, Ken Staples and Eldridge Robichaux have annual […]

Arkansas Officials: Highway Funding May Have to Wait Until 2019

Arkansas highway officials have left open the possibility they’ll take a road funding proposal to lawmakers in 2019 rather than pursue a ballot measure next year. The move comes a day after Gov. Asa Hutchinson said he would oppose any plan that called for tapping into general revenue. Department of Transportation Director Scott Bennett said […]

Farmers in Upper Midwest Report Damage from Dicamba Herbicide

Hundreds of farmers in the Upper Midwest are reporting damage from the controversial herbicide dicamba, and state officials are considering restrictions for the 2018 growing season that might surpass even new federal rules. The state agriculture departments in North Dakota, South Dakota and Minnesota this fall all asked farmers to respond to informal surveys so […]

Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group

Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting, policy form and product knowledge to Aon’s cyber capabilities for insurers and will be responsible for driving the team’s growth into 2018 and beyond. Mulligan was previously head of Professional Liability at Zurich North America, […]

Investors Remain Committed to ILS Market Despite Q3 Catastrophes: WTW

ILS investors are responding to the recent spate of natural disasters by making their payments to ceding companies, while continuing to raise more money and preparing to make new investments, according to Willis Towers Watson Securities. None of the third quarter’s major natural catastrophes – two Mexican earthquakes and three Atlantic hurricanes – individually hit […]

Pennsylvania Fire Company Closes Following Sexual Abuse Lawsuit

Authorities say a Pennsylvania volunteer fire company that was sued over sexual abuse by a firefighter and its alleged cover-up by fire officials has closed its fire station. Lancaster Emergency Management Agency director Randy Gockley tells LNP the West Willow Fire Company closed Tuesday after it lost insurance coverage due to the lawsuit. The lawsuit […]