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

Canada’s Economical Insurance Names Saunders as President & CEO

Economical Insurance, headquartered in Waterloo, Ontario, has named Rowan Saunders as president and CEO, effective Nov. 1, 2016. This follows the announcement on Feb. 19, 2016, that current president and CEO, Karen Gavan, will retire from the company and the …

BHSI Offers Cyber Liability Cover in New Zealand; Marshall to Lead Product Line

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has introduced cyber liability insurance in New Zealand and appointed Ian Marshall to lead the product line locally as senior underwriter, Executive & Professional Lines. BHSI’s new cyber liability policy covers …

Beazley Expands Event Cancellation Coverage for Political Violence, Terrorism Incidents

Beazley, a provider of event cancellation insurance, has expanded its terrorism and political violence event cancellation insurance for the sports, entertainment and leisure industries in the U.S. to include riots, civil commotion, strikes, the threat of a terrorist act and …

Lawsuit Over South Carolina Restaurant’s Broken Dish Policy Headed to Trial

A federal lawsuit over a South Carolina restaurant’s policy of charging workers to cover the cost of broken glasses and dishes is headed to trial. The Post and Courier of Charleston reports jury selection is set next month in the …

University of Mississippi Medical Center Pays $2.75M Penalty for Lost Laptop

Officials at the University of Mississippi Medical Center said they have paid a $2.75 million penalty to the Office for Civil Rights of the U.S. Department of Health and Human Services as part of an agreement to resolve security problems …

FBI Warns of More Terrorist Attacks in U.S. as ISIS Is Defeated in Syria

Hundreds of terrorists will fan out to infiltrate western Europe and the U.S. to carry out attacks on a wider scale as Islamic State is defeated in Syria, FBI Director James Comey warned. “At some point there’s going to be …

Meeting of 2 Minds on Worker Safety as Path to Profit

Adam Friedlander is a third generation insurance professional who has made his mark in safety, workplace safety that is. His New York agency, Friedlander Group, has for years developed and managed employer safety groups that have helped businesses improve workplace …

National Security Cloud Hangs Over Ironshore IPO

Chinese acquirers are continuing their buy-and-flip strategy and this time, it’s Fosun International’s turn. However the question isn’t only whether the fundraising will lower the company’s debt load, but how easy it will be to sell the asset in the …

A.M. Best Withdraws Ratings of Century Casualty Company in Georgia

A.M. Best has affirmed the financial strength rating (FSR) of B (Fair) and the issuer credit rating (ICR) of “bb+” of Century Casualty Company in Alpharetta, Ga. The outlook for the FSR remains stable, while the outlook for the ICR …

Acentria Insurance Expands Presence in Florida

Acentria Insurance has opened a new office location and acquired a new agency in Niceville, Fla. The new office in Niceville has been opened through a merged partnership with the Powell Agency, located on North Partin Drive. Established in 1957, …