Monthly Archives: <span>May 2014</span>

Global Re/Insurance CEO’s Sign on to Geneva Association’s Climate Risk Statement

Sixty-six chief executives of the world’s largest re/insurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement―a set of guiding principles on the substantial role insurance can play in global efforts to tackle climate-related risks. The association’s announcement …

Arthur J. Gallagher’s Long Island, N.Y., Area President Joins Crystal & Company

New York-based brokerage Crystal & Company has named Lou Roca as executive managing director and head of commercial insurance services. He is based in New York. In this role, Roca will be responsible for the growth and the development of …

Data Breach Impacts Pennsylvania College Students

Students at a northwestern Pennsylvania medical school are being urged to monitor their credit after their names and Social Security numbers were inadvertently posted online. The Erie Times-News says the data breach impacted students at Lake Erie College of Osteopathic …

N.Y. Calls for More Oversight for Investment Firms’ Acquisitions of Insurers

The New York Department of Financial Services (DFS) has proposed new regulations to oversee private equity and investment firms’ acquisitions of insurance companies, especially acquisitions of annuity companies, in the state. DFS said the proposal to enshrine enhanced policyholder protection …

Berkshire Hathaway Specialty Insurance Enters Travel Insurance Business

Berkshire Hathaway Travel Protection, part of Berkshire Hathaway Specialty Insurance, has launched the first product in its new travel-insurance line designed for travelers, travel agencies, tour operators and travel suppliers called AirCare. AirCare is a fixed-benefit flight protection coverage available …

San Diego Fires Took More Than 40 Homes

Officials say at least 47 homes were destroyed during last week’s outbreak of nearly a dozen wildfires in San Diego County. State fire officials said Sunday at least 39 homes in the suburb of San Marcos were destroyed. Another eight …

California Railroad Bridge Collapses, Kills Worker

A construction worker died from a fall Sunday after a railroad bridge he was cutting collapsed and pulled him down to a freeway, authorities said. Okesene Faasalele, 59, of Long Beach was attached to the bridge over state Route 91 …

Wrong-Way Wrecks Warrant Prevention Discussions in Arizona

Arizona highway safety and transportation officials are trying to figure out how to curb wrong-way accidents on Arizona highways. The third such fatal head-on accident the Phoenix area in a week killed two people early Sunday. Five other people died …

Opinion: 1 Year Later, Moore Is Study in Resilience

One year ago today, a deadly EF5 tornado ripped through Moore, Okla., making it the third most violent storm in less than 15 years to pummel the small city, which was struck by an EF5 tornado in 1999, and an …

Minnesota Construction Industry Booms, Workers Needed

With the recession over, Minnesota construction companies are scrambling to fill open jobs. The state’s construction industry shed tens of thousands of jobs during the housing crash, but it’s booming again. According to state employment data, construction is by far …