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

SWIFT Warns of 2nd Malware Attack, Revealing Hacker Campaign Targeting Banks

SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February’s $81 million cyber heist at the Bangladesh central …

Palomar Specialty Expands Residential Earthquake Product to Oregon, Washington

Palomar Specialty Insurance Co., in partnership with Arrowhead General Insurance Agency, Inc. and TriCoast Insurance Services, LLC, has expanded its Value Select Residential Earthquake Insurance Program into Oregon and Washington. The program was introduced in California in early 2015. Value …

Police Make 2 Arrests in Most Recent Kentucky Home Burglary, Fire

Kentucky State Police say two people have been charged in connection to a home burglary and arson that occurred in Madison County. Police say 38-year-old John C. Roth of Nicholasville was arrested Tuesday and charged with receiving stolen property under …

Compare.com to Expand Headquarters in Virginia

Compare.com, an auto insurance comparison website, said it will expand its Glen Allen, Virginia, headquarters and move into a larger office to accommodate its continued growth. The new headquarters office on 140 East Shore Drive will feature 26,000 square feet …

Tornado Cleanup Underway in Kentucky

Business and home owners have begun cleaning up after severe storms spawned a tornado in western Kentucky and left at least 10 people with minor injuries. Graves County Sheriff Dewayne Redmon said a campus with a local elementary, middle and …

Massachusetts Firm to Pay EPA $199K Over Hazardous Waste Claims

A Massachusetts company that manufactures materials used in laboratory analysis has agreed to pay $199,500 to settle claims by the U.S. Environmental Protection Agency (EPA) that it violated state and federal hazardous waste laws. Waters Technologies Corp., based in Taunton, …

Brentwood Reinsurance Appoints Hodson as SVP in North Carolina

Brentwood Reinsurance Intermediaries Inc. (BRII), a provider of insurance and reinsurance brokerage services, has appointed William (Bill) J. Hodson, of Burlington, N.C., as senior vice president. According to Brentwood Reinsurance President Keith Fawcett, Hodson will broaden the reinsurance products and …

Report Says Climate Change Could Make Some Wines Less Tasty

When you go to one of those giant annual insurance conferences ever wonder how much wine – in terms of gallons, number of glasses, bottles, dollar value – is consumed at all the evening mixers and up-scale soirees over the …

U.S. Judge Nixes Obamacare Funds to Insurers for Lower Income Insureds; Administration to Appeal

A U.S. judge on Thursday handed a victory to congressional Republicans who challenged President Barack Obama’s signature healthcare law, ruling that his administration overstepped its constitutional powers relating to government spending. U.S. District Judge Rosemary Collyer, based in Washington, ruled …

Maine Insurers Request Double-Digit Rate Hikes Under Health Care Law

Insurers are seeking double-digit premium increases in the coming year for tens of thousands of Mainers who receive insurance through President Barack Obama’s health care law. Proposals filed with the Maine Bureau of Insurance would raise individual plan premiums between …