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

Wholesale Broker tKg Names R-T Specialty’s Havermann to Head Transportation

Phoenix-based tKg Wholesale Brokerage has hired Edward T. Havermann, III, as vice president of its transportation division. Havermann will be responsible for building a national transportation practice for the firm. Havermann joins tKg from R-T Specialty, where he most recently …

Specialist Broker Capsicum Re Launches in Latin America; Operation Led by Smith

Capsicum Re, the London-based specialist reinsurance broker, announced it has launched Capsicum Re Latin America (CRLA). “This is a major step in Capsicum Re’s strategy to become a full service, international, challenger reinsurance broker,” said the company, adding that the …

Update: Canadian Wildfire Rages, Leading to Evacuation of 80,000 People

Fire raged unchecked through the Canadian city of Fort McMurray overnight as authorities raced to complete the evacuation of its population of 80,000, fearful that hot, dry winds forecast for Wednesday would further fan the flames. About 44,000 people were …

$4MM Commission – CA Preferred Personal Lines Agency For Sale by Ace Business Brokers

Santa Monica, CA, May 4, 2016 – Ace Business Brokers announces a Southern California preferred personal lines agency for sale: $4 million in commissions 16,500+ client base Retention rates in 90’s Adjusted Net income $2.9 million Portable opportunity – ideal …

Buffett Has No Love for High-Priced Money Managers; Says Even a President Trump Couldn’t Derail U.S. Economy

Warren Buffett’s biggest investment tip: Be wary of fees. At the annual meeting of his Berkshire Hathaway Inc., the billionaire warned about the enduring risk of derivatives, defended stocks in his portfolio and signaled that some of the company’s biggest …

Q1 Saw Rate Decreases Continue in Commercial P/C: The Council

Commercial property/casualty rates decreased across all size accounts in the first quarter of 2016, continuing a trend that has been evident since the first quarter of 2015. This year, first quarter rates decreased by an average of 3.7 percent. According …

Medical Errors Now Third Leading Cause of Death in the U.S.: Study

Medical errors in the U.S. account for more than 250,000 deaths per year, which makes them the third leading cause of death in the country, according to researcher at the Johns Hopkins University School of Medicine. Johns Hopkins patient safety …

CNA Reports Mixed Bag in Q1 Results; Profit Falls But Combined Ratios Improve

CNA Financial Corp.’s first three months of 2016 produced a mixed bag of results. Fallout from a 2010 agreement to cede asbestos and environmental pollution liabilities to National Indemnity Co. also caused some financial pain. The Chicago-based carrier reported plunging …

Stomach Bug Outbreak Hits 97 Disney Cruise Passengers

The Centers for Disease Control and Prevention is investigating an outbreak of a stomach bug aboard the Disney Wonder cruise ship last week. The CDC says that 92 passengers and 5 crew members reported falling ill. The ship had almost …

Asbestos Confirmed at West Virginia University

A West Virginia University official says test results at the WVU Coliseum confirm the presence of asbestos in materials that were exposed during recent construction activities. WVU Environmental Health and Safety John Principe said the material discovered April 29 was …