October 19, 2017
Stafford & Co. Insurance
Thu, 19 Oct 2017 14:38:51 +0000
Woodruff-Sawyer & Co. has named Dan Berry leader of the firm’s private equity and venture capital group. Berry is a senior vice president and partner in Woodruff-Sawyer. He joined the firm in 2011 and has specialized in the risk management …
Thu, 19 Oct 2017 13:47:55 +0000
The Travelers Companies today reported $293 million in net income for the third quarter despite absorbing more than $700 million in catastrophe claims. The $293 million in net income was a 59 percent decline from the $716 million in last …
Thu, 19 Oct 2017 13:25:29 +0000
Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase from $15 million, effective immed...
Thu, 19 Oct 2017 13:12:31 +0000
Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin America), FERMA (Europe), IRMSA (South...
Thu, 19 Oct 2017 13:04:43 +0000
A Machiasport, Maine, man is suing a salmon farm over a workplace injury in which he lost two fingers. Jesse Redman sued True North Salmon US Inc. and Cooke Aquaculture USA Inc. last week in U.S. District Court in Bangor, …
Thu, 19 Oct 2017 12:56:44 +0000
Delaware Insurance Commissioner Trinidad Navarro has announced that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2017. “This insurance rate decrease has a direct impact on Delaware’s employers, enabling them ...
Thu, 19 Oct 2017 12:44:21 +0000
Satellite Agency Network Group Inc. (SAN) announced that Michael Adam Insurance Agency of Dansville, N.Y., has joined the alliance. By joining SAN Group, Michael Adam Insurance Agency will have access to additional markets and competitive insurance pro...
Thu, 19 Oct 2017 12:44:09 +0000
A first-year associate at a Manhattan law firm brought her complaint of sexual harassment to the managing partner. Her male boss, she said, had told her to take off her clothing. After months during which she continued to work for …
Thu, 19 Oct 2017 12:16:49 +0000
Willis Towers Watson has named Gianmarco Tosti as the new country leader of Italy. He starts his new role on Jan. 1, 2018, and will be based in Milan. Tosti will also take up the role of head of Corporate …
Thu, 19 Oct 2017 11:33:52 +0000
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its inland marine product line in Canada with the launch of its Motor Truck Cargo Legal Liability policy, a new product that protects against the legal liability exposure commercia...
Thu, 19 Oct 2017 11:10:09 +0000
Zurich Insurance Group estimates that Hurricanes Harvey, Irma and Maria will aggregate claims in the third quarter of approximately US$700 million, net of reinsurance and before tax. After tax, the losses are expected to be around US$620 million, the c...
Thu, 19 Oct 2017 10:49:35 +0000
AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London’s M&A insurance market, as the city looks to Islamic finance to help bring new business. Development of Islamic finance is accelerating in …
Thu, 19 Oct 2017 05:00:57 +0000
Assurant will pay $2.5 billion to acquire The Warranty Group, a rival that provides insurance protection plans in areas including consumer electronics and appliances. Assurant is buying The Warranty Group from TPG Capital, a global alternative asset fi...
Thu, 19 Oct 2017 05:00:44 +0000
Whether it is an email sent to the wrong recipient, discharge instructions given to the wrong patient, or a server containing protected health information (PHI) accidentally left open to the public, healthcare entities continue to struggle with data br...
Thu, 19 Oct 2017 05:00:29 +0000
Intel Corp. has developed a system it says ensures that self-driving vehicles can’t cause accidents where they are at fault, an effort to reassure a skeptical public and help speed adoption of driverless cars on the road. The world’s largest …
Thu, 19 Oct 2017 05:00:19 +0000
Wells Media Group has named Pamela Simpson to the position of senior strategist, Branded Content and Research. In this new role, Simpson will work collaboratively with the company’s marketing and production teams to coordinate content projects for Well...
Thu, 19 Oct 2017 05:00:03 +0000
Now that U.S. politicians know that Facebook is unable to stop malicious actors from using it to influence public opinion, the social network is doing its best to avoid tougher regulatory treatment. It shouldn’t be able to get off so …
Thu, 19 Oct 2017 04:57:34 +0000
The Office of Insurance Regulation (OIR) has introduced a new subscription service where consumers and other interested parties can sign up and receive their choice of communications from the Florida Office of Insurance Regulation (OIR). This includes ...
Thu, 19 Oct 2017 04:31:34 +0000
A utility that provides water in southeastern North Carolina has sued a company it accuses of polluting the Cape Fear River, where the utility gets its water. The Cape Fear Public Utility Authority filed a complaint in U.S. District Court …
Thu, 19 Oct 2017 04:24:31 +0000
President Donald Trump has issued a declaration that makes federal aid available to parts of South Carolina recovering from Hurricane Irma. The declaration issued Tuesday means federal aid can now be used to supplement state and local recovery efforts ...
Thu, 19 Oct 2017 04:14:34 +0000
S.S. Nesbitt & Co. Inc. (SSN), a Southeastern insurance agency and division of EBSCO Industries, Inc. (EBSCO), has appointed Mike Roman as vice president of its property and casualty sales. Roman is joining senior vice president of property and casualty …
Thu, 19 Oct 2017 02:03:00 +0000
The Des Moines, Iowa-based Global Insurance Accelerator (GIA) announced that SFM Mutual Insurance Company (SFM), a workers’ compensation specialty provider headquartered in Bloomington, Minnesota, will join the GIA board of directors as part of support...
Thu, 19 Oct 2017 01:55:00 +0000
JMB Insurance Agency, a Chicago-based risk management services and insurance brokerage, has added Ben Kanter as a producer to work with its rapidly expanding private equity and real estate groups. In this role, Kanter will be responsible for the develo...
Thu, 19 Oct 2017 01:53:13 +0000
Ohio Department of Insurance Director Jillian Froment says that the average rates in 2016 for the top 10 homeowners and private passenger auto insurance groups in Ohio increased 1.9 percent and 3.1 percent, respectively. Ohioans pay among the lowest av...
Wed, 18 Oct 2017 23:18:17 +0000
Watching NFL players kneel during the National Anthem didn’t sit well with a pair of former New England Patriots players, who aired their feelings about players protesting during the opening of football games during a risk management conference on Wedn...
Wed, 18 Oct 2017 19:46:30 +0000
A Live National Entertainment Inc. Las Vegas country musical festival that was targeted Oct. 1 in the largest mass shooting in modern U.S. history was insured by New York Marine & General Insurance Co., according to a permit document filed …
Wed, 18 Oct 2017 16:26:34 +0000
The National Transportation Safety Board has called on the Federal Aviation Administration to remove its medical certification exemption for commercial balloon operators, saying it contributed to a July 30, 2016, balloon crash in Texas that killed 15 p...
Wed, 18 Oct 2017 16:17:45 +0000
Arkansas’ governor says he’ll “vigorously oppose” any highway funding ballot initiative that calls for tapping into general revenue for road needs. Gov. Asa Hutchinson told reporters he opposes any attempt to divert tax revenue from new and used car sa...
Wed, 18 Oct 2017 16:14:43 +0000
Police records show there has been an unprecedented spike in gun thefts in Kansas City, Missouri. The number of annual firearms thefts sharply increased between 2015 and 2016, according to police data obtained by the Kansas City Star. Police received …
Wed, 18 Oct 2017 16:11:43 +0000
Officials are planning a new system of travel alert information for part of the Ohio Turnpike near Cleveland with an eye toward a day when autonomous vehicles might regularly cruise the roadway. The Turnpike Commission will use roadside sensors and …