Daily Archives: <span>May 15, 2015</span>

Integro Acquires UK’s Kite Warren & Wilson, Marine Broker Specialist

Integro Ltd., an insurance brokerage and risk management firm based in New York City, has acquired London-based Kite Warren & Wilson Ltd., which specializes in marine hull & liability coverage and financial lines. Financial details of the transaction have not …

Abbate Insurance Promotes Iannotti-Montz to Personal Lines VP in Connecticut

Abbate Insurance Associates, an independent insurance agency in New Haven, Connecticut, promoted Lisa Iannotti-Montz to personal lines vice president from personal lines manager. In her new role, she will serve as head of the personal lines insurance department and engage …

Confie Seguros Acquires 3 Brokerages in Buffalo, New York

Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, California, announced that it has acquired three new insurance brokerages in Buffalo, New York. Confie acquired three agencies in Buffalo, all providing auto insurance — Able Insurance …

Amtrak Train Crash Victims Face $200M Injuries Cap Under Federal Law

There are many questions surrounding Tuesday’s Amtrak crash. The amount of money victims could receive for injuries isn’t one of them as federal law caps total rail-accident damages at $200 million. Congress established the limit in 1997 on all rail …

When Dogs Bite, Home Insurers Pay Average $32,000

Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog bites …

Marsh Appoints Porter-Wright as Leader of UK Specie Division

Marsh has appointed Marcus Porter-Wright as leader of its UK Specie Division. Porter-Wright will lead Marsh’s team of 30 specialists, which provides insurance and risk management advice to clients globally concerning highly valuable property, cash in transit, precious metals and …

El Niño Likely to Last Through Northern Hemisphere Summer: U.S. Forecaster

The El Niño climate phenomenon is almost certain to last through the Northern Hemisphere summer, the U.S. weather forecaster said, raising the chance of heavy rain in the southern United States as well as South America, and scorching heat in …

Iranian Boats Fired Shots Across Bow of Singapore-Flagged Ship in Persian Gulf

Four Iranian patrol boats fired warning shots across the bow of a Singapore-flagged merchant ship in the Persian Gulf on Thursday before it escaped into the territorial waters of the United Arab Emirates, according to the U.A.E.’s coast guard. “The …

Tennessee Music Venue Site Hacked by Possible Islamic Militants

Authorities in Tennessee say a group said to support the Islamic State militant group hacked the website of a popular Nashville music venue. Multiple news outlets report the website for the Douglas Corner Cafe was hacked by Team System DZ, …

Florida’s Hurricane Insurance Fund Replenished and Ready After 9 Quiet Years

Florida’s nine-year streak of avoiding hurricanes is helping the state reach a historic milestone: for the first time ever, the state-created fund designed to help pay out claims after storms has enough cash and assets on hand to pay off …