December 11, 2019
New England Insurance Group
Thu, 12 Dec 2019 05:07:22 +0000
Sage Insurance Holdings LLC (Sage), a California wildfire-focused homeowners insurance provider, has increased its capacity and will now write exposures up to $4 million TIV. For a primary home, that translates to an allowable Coverage A of $2.1 millio...
Thu, 12 Dec 2019 02:24:06 +0000
Hannover Re and a parametrics company along with several German economic development agencies have created a natural disaster fund targeting investments in risk-transfer instruments relating to natural catastrophes and climate risks in developing marke...
Wed, 11 Dec 2019 17:56:39 +0000
Medical workers treated nearly a dozen people and firefighters evacuated a building Monday after a chemical reaction caused injuries inside a manufacturing plant. The Montgomery Fire Department said the incident happened after chemicals became mixed ac...
Wed, 11 Dec 2019 17:42:24 +0000
Federal authorities are investigating a cyberattack on the city of Pensacola, Florida, home to the naval air station where a Saudi flight student killed three sailors and wounded eight others on Friday. Mayor Grover Robinson on Monday said it’s not …
Wed, 11 Dec 2019 17:34:35 +0000
South Carolina Department of Insurance Director Ray Farmer and Florida Insurance Commissioner David Altmaier have been elected to the positions of president and president-elect, respectively, of the NAIC (National Association of Insurance Commissioners...
Wed, 11 Dec 2019 17:02:17 +0000
Bruce Kelley, CEO, president and treasurer, has informed the Employers Mutual Casualty Co. (EMC) board of directors that he is retiring in March, 2020 after 35 years with the insurer Scott Jean, currently executive vice president for Finance and Strate...
Wed, 11 Dec 2019 17:00:27 +0000
The votes have been tallied and the results are in for the 2019 Best Independent Insurance Agency to Work For survey by Insurance Journal. The winners have been chosen by employees. Employees of the Best Agencies to Work For in …
Wed, 11 Dec 2019 15:37:38 +0000
About one-fifth of the California Public Employees’ Retirement System public markets portfolio is exposed to potential losses from climate change, the $381 billion pension fund manager reported this week in its first ever climate-risk disclosure report...
Wed, 11 Dec 2019 14:33:38 +0000
Reinsurance broker BMS Group announced a series of management changes within its U.S. reinsurance team as the intermediary continues its expansion. This follows the completion in October of a large-scale investment into BMS by British Columbia Investme...
Wed, 11 Dec 2019 14:21:53 +0000
Workers’ compensation claims have emerged as another yardstick for measuring the devastation of the mass shooting in Virginia Beach. The Virginian-Pilot reported Sunday that 450 city employees have filed for workers’ compensation benefits. The vast maj...
Wed, 11 Dec 2019 13:48:36 +0000
Tourists caught in the deadly blast at New Zealand’s White Island were there despite a recent increase in volcanic activity, although experts said precise predictions on eruptions were all but impossible. Five people were killed, eight are still missin...
Wed, 11 Dec 2019 13:39:39 +0000
Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co.’s grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019. Dickson told CNBC in an …
Wed, 11 Dec 2019 13:32:05 +0000
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion to $235 million. The …
Wed, 11 Dec 2019 13:27:08 +0000
China’s finance ministry said on Wednesday it will make it harder for ownership changes to be made to financial institutions that could lead to the government relinquishing control, in a bid to prevent the loss of state assets. Effective Dec. …
Wed, 11 Dec 2019 13:13:32 +0000
Insurance law firm Clyde & Co has appointed two independent board members to its management board – the first such positions at the firm. Former Lloyd’s of London CEO Dame Inga Beale and former Grant Thornton US CEO Stephen Chipman …
Wed, 11 Dec 2019 11:00:23 +0000
The motto “Covenant Cares” is not just on the letterhead at Covenant Insurance Group Inc., but it’s a way of operating that is truly caring, according to one employee at the York, Pa.-headquartered independent insurance agency. The agency, which specia...
Wed, 11 Dec 2019 11:00:15 +0000
Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired the two subsidiaries of Gowrie Holdings Inc. (GHI). The acquisitions include both Gowrie Group, a full-service national specialty retail insurance bro...
Wed, 11 Dec 2019 11:00:00 +0000
Plymouth Rock Assurance, an east coast-based insurance company, announced that Gerry Wilson, president and CEO of Plymouth Rock Assurance Direct Group, has informed company leadership of his decision to retire. “It has been a privilege to lead Plymouth...
Wed, 11 Dec 2019 06:48:18 +0000
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” from “a-” of Governmental Interinsurance Exchange (GIE), in Bloomington, Illinois. The outlook of these Credit Ratin...
Wed, 11 Dec 2019 06:14:29 +0000
A Family First Agency The people who work at the Texas-based independent insurance agency BKCW are not employees — they are team members and they are family. That team-oriented, family first culture is just one of the many aspects of …
Wed, 11 Dec 2019 06:01:03 +0000
In Service to the Nation’s Finest Serving current and former military personnel and their families is what the employees of Military United Insurance (MUI) in Columbia, Mo., do, and they love it. Employee after employee responding to Insurance Journal’...
Wed, 11 Dec 2019 06:00:56 +0000
Texas Mutual Insurance Co. has distributed $1.1 million in grants to 16 organizations across the state to fund workforce development programs. “The Texas workforce is one of the strongest in the country, and investments like these grants from Texas Mut...
Wed, 11 Dec 2019 06:00:56 +0000
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon’s latest edition of its monthly Global Catastrophe Recap report. Italy suffered the majority of losse...
Wed, 11 Dec 2019 06:00:55 +0000
The U.S. is approving new drugs so fast that companies are now preparing for a green light months in advance of the scheduled decision date, a pace that’s helping patients with rare or untreatable diseases but raising alarm among consumer …
Wed, 11 Dec 2019 06:00:31 +0000
A new wave of lawsuits against BP is hitting the federal courts nearly a decade after the Gulf oil spill. The new litigation is the result of a court ruling that blocks thousands of people from a medical settlement negotiated …
Wed, 11 Dec 2019 06:00:20 +0000
Colorado health officials say they’re looking into asbestos contamination at an apartment development and warn the property owner could face fines for violations. Over 100 residents of the apartment buildings in southeast Colorado Springs have been tol...
Wed, 11 Dec 2019 06:00:15 +0000
A man wounded in a shooting at a San Diego, Calif.-area synagogue is suing the house of worship, alleging Chabad of Poway didn’t use federal funds meant to hire security to protect worshipers, according to a newspaper report. In the …
Wed, 11 Dec 2019 06:00:03 +0000
There were roughly 25 people promoted at Morris & Garritano (M&G) last year. That means the odds weren’t too long for being one of the firm’s 125 employees who got a leg up. And last year was no anomaly. “That’s …
Wed, 11 Dec 2019 05:53:41 +0000
Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the pools. Public entity insurance pools pr...
Wed, 11 Dec 2019 05:20:46 +0000
Investing in Its People Century Risk Advisors is a relatively young agency, founded in just 2013 in Boca Raton, Fla. But it boasts an impressive track record in the insurance industry as the second agency formed by Chairman Ron Reshefsky, …