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Insurance industry news from Canopius Group, WTW, Coalition and more. Photo: ShutterstockGoldman Sachs acquired DOXA Insurance Holdings. The investment will help fuel DOXA’s ongoing acquisition strategy in addition to its organic growth initiatives. DOXA’s management team and employee shareholders will remain significant investors alongside Goldman Sachs.
Liberty Company Insurance Brokers acquired Massabni Insurance & Financial, under its partnership with Liberty Boudreau Insurance Services of Owings, Maryland. Massabni Insurance & Financial, a veteran and family-owned agency, proudly serves clients across Maryland, Washington, D.C., Virginia, Pennsylvania and Delaware.
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The lawsuit alleges Aon “wrongfully” used its unified platform to lure clients and reap huge profits.
The insurance carrier argued that some of the damage submitted in the claim was pre-existing and not caused by a storm.
The December 5 opinion held that the coverage exclusion in Nationwide's policy went against the Motor Vehicle Financial Responsibility Law.
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