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

Starr Companies Appoints Grey as President, Latin America Division

Starr Companies announced that Dorian Grey has joined the company as president, Latin America Division. Grey will have overall responsibility for the growth and profitability of Starr’s activities in Mexico, Central and South America and the Caribbean. “We are delighted …

Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout

A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a …

France in Mourning After Latest Deadly Terror Attack Kills at Least 84

Eight months after a murderous rampage in Paris, a deadly attack in the coastal city of Nice on Bastille Day left at least 84 people dead and scores injured, threatening to throw a still-traumatized France into a tailspin and raising …

Allied World, Great Point Partner on Online Small Business Umbrella Program

Allied World North America has teamed with program administrator Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro. Designed for companies with less than $25 million in annual revenues, …

Federal Scientists Issue Final Update of West Virginia Chemical Spill Study

Federal government scientists have released a final update of their study of the January 2014 chemical spill that temporarily fouled the drinking water supplies of 300,000 Charleston-area residents, reporting no significant new findings. The Charleston Gazette-Mail cited the report as …

Alabama Cemetery Bans ‘Pokemon Go’ Players From Property

An Alabama cemetery is banning people from playing the popular Pokemon Go game on its property. The president of Mobile Memorial Gardens, Timothy Claiborne, says a cemetery is supposed to be a place for peaceful reflection. But Claiborne tells WKRG-TV …

Orlando Police Release Pulse Nightclub Back to Owner 1 Month After Shooting

Law enforcement has released the Pulse nightclub in Orlando to its owner just a month after it was the scene of the worst mass shooting in recent U.S. history. Officials with the Florida Department of Law Enforcement said Wednesday that …

Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability

If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered unaffordable, under a new index being adopted …

Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk

Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members from Kohlberg, U.S. Risk plans to expand by …

Baton Rouge Police Sued by ACLU, Other Groups over Protests

Civil rights groups and activists sued Baton Rouge law enforcement agencies over their treatment of protesters rallying against the police shooting death of a black man, saying officers used excessive force and physically and verbally abused peaceful demonstrators. The lawsuit, …