Monthly Archives: <span>January 2016</span>

Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction

Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of large scale, commercial wood frame structures during the course …

AIG Increases Global Commercial Property Limits to $2.5B

American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity and services by clients managing more complex global risks …

Hub Acquires Assets of North Carolina-Based RPG Solutions

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of RPG Solutions, Inc. (RPG) of North Carolina. Terms of the acquisition were not disclosed. Based in Raleigh, RPG specializes in providing employee benefits, HR Services and training …

Florida Tornadoes Leave 2 Dead, Several Injured

Florida officials say two adults have been killed and four children have been injured after two tornadoes swept through central Florida. Manatee County EMS officials tell WFLA-TV that several people were injured as severe weather pushed through Duette and Siesta …

N.Y. Aims to Improve Storm Forecasts With Automated Weather Stations

Counting every raindrop or measuring every gust of wind is impossible, but New York is getting closer with a uniquely extensive statewide system of automated weather stations that should paint a dramatically clearer picture of developing storms. Described as the …

Icahn Renews Attack on AIG CEO Hancock; Insists ‘Drastic Shift’ Needed

Activist investor Carl Icahn has again called for American International Group (AIG) to be divided into three separate companies and expressed doubt that AIG CEO Peter Hancock’s planned strategy presentation next week will satisfy his demand. He said that if …

AssuredPartners Acquires Roehrs & Co. in Pennsylvania

AssuredPartners Inc. announced that it has acquired Roehrs & Company Inc., an independent agency based in Exton, Pennsylvania. Terms of the transaction were not disclosed. Roehrs & Company was founded in 1923 by Walter E. Roehrs Sr., and current operations …

Quake Widely Felt in Anchorage Area, Officials Say

Officials say a moderate earthquake was widely felt as it rumbled beneath the Anchorage, Alaska area, but there were no immediate reports of damage. The Alaska Earthquake Information Center says the magnitude-4.8 temblor struck at 7:05 p.m. Sunday and was …

Earthquake Rattled Hawaii’s Big Island

An early morning earthquake rattled Hawaii’s Big Island, the U.S. Geological Survey said. The USGS reported the magnitude 3.9 struck at 1:52 a.m. on Monday and was centered about 35 miles southwest of Hilo, near the Mauna Loa Observatory. Only …

Washington Refinery Fined Nearly $325K for Workplace Violations

Washington’s Department of Labor & Industries has fined Phillips 66 Refinery $324,000 for failing to correct serious workplace safety and health violations. An L&I inspection of the Ferndale facility found the violations put refinery workers at great risk in case …