“Many companies still do not devote sufficient attention to cyber risks, despite an increase in frequency, scope, and sophistication – and harsher penalties for lack of regulatory compliance and loss of sensitive data.” That’s the conclusion from research conducted in …
According to catastrophe modeling firm AIR Worldwide, the flooding that has hit parts of eastern Australia has forced the evacuation of thousands of residents. AIR explained that the “heavy precipitation over the past week is associated with ex-tropical cyclone Oswald …
When Hurricane Sandy struck Haiti late last year, the home Guerda Pierre shares with her three children and mother in Cabaret, north of Port-au-Prince, was flooded – and so was the merchandise she sold to make a living. “The books, …
Insurer ACE Limited reported a 24 percent fall in quarterly operating profit, hurt by losses related to Superstorm Sandy, and forecast a full-year profit below analysts’ estimates. After-tax catastrophe losses tripled to $400 million in the fourth quarter from $137 …
Do you always verify exposure changes at renewal? The genesis of a common E&O claim is when a commercial client changes their operations and the agency does not catch this at renewal. These claims can be property or casualty related …
Heffernan Insurance Brokers is expanding in St. Louis, Mo., with the addition of Benefits Solutions Group, also of St. Louis. The Benefit Solutions Group will relocate to Heffernan’s offices in 2013 to work as a united team. Linda Huber, of …
Combined Agents of America LLC (CAA) has expanded further into Kansas with the addition of five new agency members: Fuqua Ruth Typer Insurance; SBS Insurance Agency; Keller-Leopold Insurance Inc.; Wood-Dulohery Insurance; and ICI Insurance Brokers. Together these new members bring …
Pawtucket, R.I.-based Narragansett Bay Insurance Co. named industry veteran Kirk Lusk as the new chief financial officer.As CFO, Lusk will provide financial oversight including developing operating and financial strategic plans.
A U.S. judge has accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay $4.0 billion in penalties for the worst offshore oil spill in U.S. history, a court official said …
Patriot National Insurance Group named Michael McFadden as regional vice president for California. McFadden will oversee all marketing and underwriting responsibilities for California, and will be based at Patriot’s western regional office in Woodland Hills, Calif. Before Patriot National, McFadden …
