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August 5, 2021While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent
While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure away some of their producer talent – capitalizing on the “distraction and uncertainty” that existed for both brokers. Aon’s proposed …


August 5, 2021Judge Says LinkedIn Must Face Lawsuit Claiming It Overcharged Advertisers
A U.S. judge said Microsoft Corp.’s LinkedIn must face a lawsuit claiming it inflated the number of people who watched video ads on the networking platform, allowing it to overcharge hundreds of thousands of advertisers. U.S. Magistrate Judge Susan v …


August 5, 2021Atlantic Hurricane Forecast Still Calls for an Above-Average Season
Conditions remain in line for the current Atlantic hurricane season to be an above-average one, according to the mid-season update by NOAA’s Climate Prediction Center. NOAA says there is a 65% likelihood that the season will be above average. There … …


August 5, 2021Mexico Seeks $10 Billion in Damages in Liability Suit Against U.S. Gun Makers
Mexico sued several gun makers in a U.S. federal court on Wednesday, accusing them of reckless business practices that supply what it called a “torrent” of illegal arms to violent Mexican drug cartels, leading to thousands of deaths. The lawsuit … …


August 4, 2021reThought in Colorado Raises $15.5M in Series A Funds
Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra Ventures, the fundraising also inclu …


August 4, 2021California Workers’ Comp Written Premium Down 13%, Report Shows
California workers’ compensation written premium for the first quarter of 2021 was 13% below that for the first quarter of 2020, according to a quarterly experience report issued on Wednesday by the Workers’ Compensation Insurance Rating Bureau of Ca …


August 4, 2021Investors Complete Acquisition of Specialty Insurer ProSight Under Plan to Go Private
Investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management said they have completed the acquisition of ProSight Global, Inc., a New Jersey-based domestic specialty insurance holding company. As an …


August 4, 2021IMA Financial Acquires Diversified Insurance Group in Utah
IMA Financial Group has acquired Salt Lake City, Utah-based Diversified Insurance Group. Terms of the deal were not disclosed. Diversified will retain its name as a division of IMA Inc. Its CEO, Spence Hoole, will remain president of Diversified’s 70 …


August 4, 2021MJ Insurance Acquires ProCourse Fiduciary Advisors in Indiana
Indianapolis-based risk management and employee benefits agency, MJ Insurance, acquired ProCourse Fiduciary Advisors (ProCourse) in Carmel, Indiana. MJ said the partnership enables the firms to offer a holistic approach to wellness and include retire …


August 4, 2021Texas Awards $13.6M in Grants to Fight Motor Vehicle Crime
Communities across Texas are sharing $13.6 million in grant funding aimed at reducing and preventing motor vehicle crime in the state. The Texas Motor Vehicle Crime Prevention Authority (MVCPA) grants provide support for motor vehicle theft and fraud …

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