Sale is the Culmination of Successful 13-year Relationship Between GTCR and AssuredPartners that Began as a Leaders Strategy™ Partnership with Insurance Industry Veteran Jim Henderson GTCR, a leading private equity firm, announced that it has signed a definitive agreement to sell AssuredPartners (“Assured” or the “Company”), a leading independent insurance broker, to Arthur J. Gallagher & Co. […]
American Transit Insurance Company (ATIC), a leading commercial automobile liability insurance provider with specialization in the taxi and for-hire vehicle sector, filed a lawsuit seeking more than $150 million in compensatory damages (over $450 million in trebled damages), as well as punitive damages, from over 180 defendants in the New York and New Jersey area. […]
More than 12,000 golfers across the U.S. participate in large-scale benefit competition leading to National Finals in May 2025 This year, the world’s largest national annual charity golf event heads toward its final rounds in early 2025 with 80 events completed and more than 12,000 golfers participating. The Applied Underwriters Invitational golf tournament has […]
Analysis by ZestyAI of one million properties finds nearly half have more than one structure that may not be covered by their insurance provider ZestyAI, a leading provider of climate and property risk analytics solutions powered by AI, has released a new analysis of residential properties across the United States, revealing a startling proportion of homes with […]
Zero Damages Constitutes Prima Facie Evidence That Offer of Settlement was Reasonable Wild Chang and Kenneth Lo appealed from a post judgment order denying their motion to strike or tax costs. The trial court awarded costs to defendants Fire Insurance Exchange and Stacy Chern (collectively, insurance defendants) after the trial court granted their motion for […]
No Right to Trial if Defendant Waives Right to Speedy Trial by Defendant On February 12, 2020, the State charged Franklin Lee Boger with one count of Level 2 felony arson resulting in serious bodily injury, four counts of Level 4 felony arson, one count of Level 6 felony arson, and one count of Level […]
Mutually Repugnant Other Insurance Clauses Frequently, an incident occurs which may be covered by policies issued by separate insurance companies. In such a situation, each company, through its policy, may attempt to make the other company primarily responsible for insuring the incident with its own coverage being secondarily responsible, i.e., excess insurance. In this case, […]
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