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

NYPD: Terror Threat More Complex Than Ever

Air strikes in Iraq, ongoing unrest in Syria and the beheadings of two American journalists are casting a long shadow over the 13th anniversary of the Sept. 11 attacks. While there is no specific threat against New York ahead of …

Champion Risk Taps Crawford in California

San Diego, Calif.-based Champion Risk & Insurance Services L.P. announced that Marc Crawford has joined the firm as a producer. Prior to Champion Risk, Crawford worked for the Leavitt Group, where he handled complex risk solutions and worked with a …

Burns & Wilcox Brokerage Opens Atlanta Office, Hires 3 Brokers

Burns & Wilcox Brokerage has opened an office in Atlanta and hired three specialty property brokers for the new location. The new hires are Barry Whitton, managing director; Brent Lazenby, broker; and Thad Crane, broker. Whitton will lead the new …

Ion Insurance Acquires Drescher Agency in Connecticut

Ion Insurance Corp., an agency based in Naugatuck, Connecticut, recently announced it has signed a definitive agreement to acquire Drescher Insurance Agency in Chester, Connecticut. Terms of the transaction were not disclosed. Drescher Insurance Agency was founded in 2003. All …

Alcoa, Others, Moving Some Retirees to Exchanges for Health Insurance

Alcoa Inc. is sending its white-collar retirees to a private exchange to shop for health insurance as the aluminum maker joins the growing ranks of large companies looking for ways to control benefit costs. The move by Pittsburgh, Penn.-based Alcoa …

Rhode Island’s Starkweather & Shepley Announces Promotions

Starkweather & Shepley Insurance Brokerage Inc. in East Providence, Rhode Island, recently announced the following promotions. David B. Soforenko has been promoted to sales manager of Starkweather & Shepley Insurance Brokerage. In this role, he will oversee all retail sales …

NAS Insurance Services Enhances Cyber Liability Insurance Product

NAS Insurance Services, an underwriting manager of specialty insurance, has introduced its new suite of cyber liability insurance services to respond to the growing needs of businesses facing constant threats of privacy and security breaches. NAS has added enhancements to …

4.3-Magnitude Quake in Oklahoma: USGS

The U.S. Geological Survey says an earthquake with a magnitude of 4.3 has struck northern Oklahoma. The USGS says the quake hit at 11:21 a.m. Monday 1 mile north-northeast of Medford, or 30 miles north-northeast of Enid. The earthquake had …

Bankrupt Detroit, Bond Insurer Reach Agreement

Detroit and Syncora Guarantee Inc. reached an agreement in their dispute over claims in the city’s $7 billion debt-reduction program that the two sides said may “profoundly alter” the city’s bankruptcy-exit plan. Detroit and Syncora today requested the postponement of …

Penn National CEO Shutts to Retire at Year’s End

Penn National Insurance in Harrisburg, Pennsylvania, recently reported that President and CEO Kenneth R. Shutts has announced his planned retirement date of Dec. 31, 2014, capping a career spanning 35 years with the company. Shutts was appointed as president in …