Business Insurance - Web News http://businessinsurance.com/section/news http://www.businessinsurance.com en-us Tue, 9 Feb 2016 18:11:27 EST 10 Brown & Brown unit acquires Oregon agency http://businessinsurance.com/article/20160209/NEWS06/160209799 20160209/NEWS06/160209799 Brown & Brown Inc. said its Brown & Brown of Oregon L.L.C. subsidiary has acquired substantially all of the assets of Lumbermens Insurance and Risk Solutions. Tue, 9 Feb 2016 14:50:26 EST Northern Hemisphere storm losses could reach $4 billion http://businessinsurance.com/article/20160209/NEWS06/160209800 20160209/NEWS06/160209800 Harsh winter weather for the northern half of the globe may have cost the worldwide economy up to $4 billon in economic losses, according to a report released Tuesday by Impact Forecasting, Aon Benfield Group Ltd.'s catastrophe model development team. Tue, 9 Feb 2016 14:39:55 EST Hilb buys Massachusetts agency http://businessinsurance.com/article/20160209/NEWS06/160209801 20160209/NEWS06/160209801 The Hilb Group L.L.C. said on Tuesday that it has acquired Hyannis, Massachusetts-based Dowling & O’Neil Insurance Agency Inc. Tue, 9 Feb 2016 14:22:16 EST Corporate raider takes on Italy's old guard in Generali CEO search http://businessinsurance.com/article/20160209/NEWS06/160209802 20160209/NEWS06/160209802 (Reuters) — French corporate raider Vincent Bollore is making his influence felt in corporate Italy by defying the country's old guard in choosing a replacement for Mario Greco as CEO of Assicurazioni Generali S.p.A. Tue, 9 Feb 2016 13:49:08 EST AIG unit must help pay costs of policyholder's defense http://businessinsurance.com/article/20160209/NEWS06/160209803 20160209/NEWS06/160209803 Although it was acting as a fronting insurer, an appeals court has ruled that the unit still had a duty to help defend a paint manufacturer. Tue, 9 Feb 2016 13:20:55 EST Warner settles 'Happy Birthday' copyright suit for $14 million http://businessinsurance.com/article/20160209/NEWS06/160209804 20160209/NEWS06/160209804 (Reuters) — The copyright to the world's most popular song, "Happy Birthday to You," has been in dispute for decades, but if an agreement by Warner/Chappell Music Inc. to pay $14 million to end a lawsuit over the song is approved by a U.S. Tue, 9 Feb 2016 12:23:25 EST Endurance targets large account insurance sector http://businessinsurance.com/article/20160209/NEWS06/160209805 20160209/NEWS06/160209805 A former Chubb executive has been hired to lead the push. Tue, 9 Feb 2016 12:13:20 EST RIMS to donate $450,000 to Spencer Educational Foundation http://businessinsurance.com/article/20160209/NEWS06/160209806 20160209/NEWS06/160209806 The Risk & Insurance Management Society Inc. pledged a donation of $450,000 toward risk management and insurance educational programs, the organization said Tuesday. Tue, 9 Feb 2016 11:48:51 EST Noisy workplaces contribute to employee hearing loss http://businessinsurance.com/article/20160209/NEWS08/160209807 20160209/NEWS08/160209807 Nearly one-fourth of U.S. workers who were exposed to noise on the job experienced difficulty hearing, according to a study by the National Institute for Occupational Safety and Health. Tue, 9 Feb 2016 11:34:03 EST Best investment gains in years aided property/casualty insurers in third quarter of 2015 http://businessinsurance.com/article/20160209/NEWS06/160209808 20160209/NEWS06/160209808 In the first nine months of the year, U.S. insurers saw double-digit profitability. Tue, 9 Feb 2016 11:27:23 EST