Tue, 25 Jul 2017 13:42:18 +0000
G.F.H. Insurance Agency Inc., a Richmond, Va.-headquartered insurance broker, has acquired Peyton, Cheely and Woodle Insurance of Richmond, Va., effective June 12, 2017. Terms of the acquisition were not disclosed. Peyton, Cheely and Woodle has a long ...
Tue, 25 Jul 2017 12:48:44 +0000
Fire officials say a blaze tore through an apartment complex under construction in Massachusetts. Waltham Fire Chief Paul Ciccone says the complex’s five buildings collapsed in the early Sunday fire. Ciccone says none of the neighboring buildings caugh...
Tue, 25 Jul 2017 12:45:07 +0000
Meadowbrook Insurance Group Inc. has promoted Fred Browning to chief underwriting officer. Browning, who most recently served as senior vice president of Admitted Carrier Operations, will now lead Meadowbrook’s corporate underwriting functions and will...
Tue, 25 Jul 2017 12:44:34 +0000
As the legalization of recreational marijuana sales in Maine nears, a legislative panel has spent months pondering the best way to tax pot to bring in state revenue, fund regulatory enforcement and discourage the illicit market. In November, legalizati...
Tue, 25 Jul 2017 12:32:19 +0000
The design of the New York region’s Metro-North Railroad power supply is among the reasons a 2015 accident between a train and a vehicle was so deadly, U.S. investigators are poised to conclude. The National Transportation Safety Board is preparing …
Tue, 25 Jul 2017 12:19:18 +0000
U.S. Senator John McCain, who underwent surgery last week for brain cancer, will return to Washington Tuesday as the Senate prepares to take up embattled healthcare legislation, a dramatic development that could boost Republican efforts to get enough v...
Tue, 25 Jul 2017 12:09:47 +0000
Borrowing from its own auto insurance model, Progressive is announcing a tool called HomeQuote Explorer, an online platform that allows homeowners to quickly compare home insurance quotes from multiple carriers. The insurer says it takes 15 minutes or ...
Tue, 25 Jul 2017 10:16:23 +0000
Ironshore International has appointed Krishnan Ethirajan to serve as chief operating officer. He will retain his current role as chief operations officer of IronServe Inc., a global operations unit that delivers a range of specialized underwriting, fin...
Tue, 25 Jul 2017 09:48:10 +0000
Aetna Inc. announced it has acquired UK-based Bupa Group’s Thai business, Bupa Thailand, for an undisclosed sum. The acquisition will significantly increase Aetna’s presence in Asia, and is key to the company’s strategy to go “broader and deeper” into ...
Tue, 25 Jul 2017 09:33:55 +0000
Australia’s consumer watchdog said on Monday it was urgently seeking information from the government regulator and car manufacturers after a magazine reported that recalled Takata air bags were being replaced by faulty air bags. Australian consumer mag...
Tue, 25 Jul 2017 08:58:44 +0000
Uber and insurance group AXA have joined forces in France to offer accident cover for drivers who work for the ride hailing service after it faced criticism over their treatment. In France, as in other countries, Uber has been challenged …
Tue, 25 Jul 2017 08:37:59 +0000
Insurance against terror attacks must adapt to face up to the threats posed by so-called lone-wolf militants and the rise of cyber crime. That’s the view of Julian Enoizi of Pool Reinsurance Co., the U.K. government-linked body that backstops insurers …
Tue, 25 Jul 2017 05:30:44 +0000
A waterspout briefly came ashore as a tornado in North Carolina last week, causing minor damage to houses before dissipating. The StarNews of Wilmington reports the National Weather Service confirmed the waterspout made landfall around 11:30 a.m. July ...
Tue, 25 Jul 2017 05:25:24 +0000
A 59-year-old Mississippi woman has been indicted on criminal charges, with prosecutors saying she lied when she reported falling at a Walmart store. State Attorney General Jim Hood said Friday that Dianne Bullock of Jackson is charged with one count …
Tue, 25 Jul 2017 05:00:27 +0000
U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said Friday. An Associated Press review …
Tue, 25 Jul 2017 05:00:25 +0000
Heads of the U.S. financial regulatory agencies will meet behind closed doors this Friday to discuss MetLife Inc.’s lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms put in place in response to …
Tue, 25 Jul 2017 05:00:07 +0000
Ryan Specialty Group, LLC, announced it has reached a definitive agreement to acquire N-Surance Outlets (NSO), a wholesale insurance brokerage and binding authority operation headquartered in Roswell, Ga. NSO will become part of R-T Specialty, LLC (RT ...
Tue, 25 Jul 2017 05:00:02 +0000
The Food and Drug Administration, as part of a sweeping overhaul in how it regulates opioid painkillers, plans to look to some unusual allies to limit the flood of the addictive pills — health insurers and companies that manage prescription …
Tue, 25 Jul 2017 04:58:35 +0000
XS Brokers, an independent insurance brokerage in New England, has expanded the company into the Southeast, opening a new office in Orlando and hiring Lori Ault as executive vice president and territorial manager. The firm now has five offices, includi...
Tue, 25 Jul 2017 04:37:49 +0000
Answer Financial, a personal lines insurance agency in the U.S., has expanded its insurance comparison platform to include homeowners and condo insurance. The expansion enables shoppers to compare rates and customize coverages from multiple homeowner i...
Mon, 24 Jul 2017 23:25:09 +0000
Crest Insurance Group LLC has acquired Tucson, Ariz.-based Troon Insurance Services. Terms of the deal were not disclosed. Troon was founded by Clebern Best and has been serving the Greater Phoenix area for 20 years. Crest has Arizona offices in Tucso...
Mon, 24 Jul 2017 16:32:17 +0000
Chubb Workplace Benefits in Chicago has promoted Jon Wayland to senior vice president of sales. Wayland has 30 years of insurance industry experience and previously served as vice president of brokerage channel sales. In his new position, Wayland will ...
Mon, 24 Jul 2017 16:28:29 +0000
The Missouri Department of Insurance helped consumers who filed complaints against their insurance company receive an additional $4 million in claim payments in the first half of 2017. Health insurance generated the most complaints in the first half of...
Mon, 24 Jul 2017 16:24:22 +0000
Louisiana-based Centauri National Insurance Co. has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive s...
Mon, 24 Jul 2017 16:20:30 +0000
Louisiana will spend nearly $277 million in federal cash it received after last year’s floods to fortify communities against future disasters, mainly through drainage improvements and buyouts of flood-prone properties. Gov. John Bel Edwards is travelin...
Mon, 24 Jul 2017 16:15:56 +0000
Houston-based Dean & Draper Insurance Agency LP has promoted Stephen B. Smith to executive vice president, chief operating officer and limited partner over its group of agencies. For the past year Smith has served as executive vice president of Soules …
Mon, 24 Jul 2017 16:11:32 +0000
The Ohio county that includes the capital city of Columbus is spending $200,000 on an insurance policy to cover cyberattacks. The Columbus Dispatch reports Franklin County’s $10 million policy will provide protection for the increasing worldwide threat...
Mon, 24 Jul 2017 15:14:26 +0000
Firefighters are bracing for the possibility of dry lightning as they battle a stubborn blaze that has scorched nearly 120 square miles near California’s Yosemite National Park. The wildfire burning in the Sierra Nevada foothills was 50 percent contain...
Mon, 24 Jul 2017 15:11:11 +0000
A former altar boy at a Portland, Ore. church has filed a $3.1 million lawsuit against the church contending he was repeatedly sexually abused by a choir director in the early 1960s. The Oregonian/OregonLive reported that the Portland man now …
Mon, 24 Jul 2017 15:04:44 +0000
Authorities have lifted evacuations prompted by a wildfire burning near a heavily populated area in Colorado. The fire burned almost half a square mile of brush-covered foothills south of Fort Collins, triggering an evacuation south of Horsetooth Reser...