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Prime Minister Johnson’s Brexit Plan Goes to Court as Latest EU Talks End in Failure
September 17, 2019
Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers will defend it in the U.K.’s highest court. Fresh from being lambasted by a fellow European leader after …

Synthetic Marijuana Sold as CBD in Los Angeles, Tests Show
September 17, 2019
An Associated Press investigation shows a dark side to booming sales of the cannabis extract CBD. Some people are substituting cheap and dangerous street drugs for the real thing. As part of the investigation, a reporter in Los Angeles purchased …

CopperPoint Acquires Alaska National Insurance Company
September 17, 2019
CopperPoint Insurance Cos. has agreed to acquire Alaska National Corp. and its wholly owned subsidiary Alaska National Insurance Co., an Alaska-domiciled workers’ compensation and commercial insurance carrier. The transaction is expected to close onc …

Feds Investigating How U.S. Olympic Boards Handled Sex Abuse Claims
September 17, 2019
Federal investigators are looking into the way the U.S. Olympic and Paralympic Committee and national governing bodies of Olympic sports handled sex-abuse allegations, people with knowledge of the investigations told The Associated Press. The probes, …

Here’s How Aon’s New Reinsurance Auction Works
September 17, 2019
The broker Aon plc has launched an auction capability for the Jan. 1, 2020 reinsurance renewals, which is designed to provide additional options for insurer clients by reducing the timeframe around pricing negotiations while providing contract certai …

Smart Insurance Forms Platform Broker Buddha Raises $4.5 Million
September 17, 2019
Broker Buddha, a company that simplifies the commercial insurance application and renewal process, announced a $4.5 million funding round led by Vertex Ventures. Broker Buddha’s technology converts PDF insurance applications into user-friendly intera …

AssuredPartners Acquires Connecticut’s Alton E. Woodford Insurance Agency
September 17, 2019
AssuredPartners Inc. has acquired Alton E. Woodford Insurance Agency Inc., located in West Hartford, Conn. The team of nine will remain under the operational leadership of Tallison Noble and Nerissa Smith following the acquisition. Headquartered in L …

Fairmatic Bets On Driver-Driven Premium Adjustments to Score in Commercial Auto
September 17, 2019
Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s “performance-priced commercial auto insurance” product …

Rochester Woman Arraigned for Defrauding Workers’ Comp System of More Than $5K
September 17, 2019
A Rochester, N.Y., woman has been arraigned on charges that she defrauded the workers’ compensation system of more than $5,000 by endorsing and cashing wage reimbursement checks intended for her deceased grandmother. “This is an egregious case where …

Hub International Limited Acquires Assets of Virginia’s Washington Financial Group
September 17, 2019
Hub International Limited , a global insurance brokerage and financial services firm, has acquired the assets of Wash Financial L.L.C., doing business as Washington Financial Group (WFG). Terms of the transaction were not disclosed. Headquartered in …

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