Daily Archives: <span>September 27, 2016</span>

Global Risk Partners Buys Marshall Wooldridge, a UK Broker with Growth Plans

Global Risk Partners Limited (GRP), the acquisitive insurance broking and managing general agent investment vehicle, has acquired Marshall Wooldridge, a UK commercial insurance broker which controls in excess of £20 million ($25.2 million) GWP. Marshall Wooldridge has served the business …

Simmons Named Chief Marketing Officer at Armed Forces Insurance

Leavenworth, Kansas-based Armed Forces Insurance (AFI), which serves current and retired members of the uniformed services, their children and Department of Defense civilians, has promoted Lori L. Simmons to chief marketing officer and vice president, Marketing and Corporate Communications. Simmons, …

New York Cyber Conference Panelists Stress Importance of Unified Cybersecurity Plan

As cyber attacks become a growing concern with advances in technology, firms should be working to establish a cybersecurity plan that is cohesive across business operations to effectively reduce damage and cyber insurance claims, according to panelists at the 2016 …

2 New Insurers Approved to Operate in Arkansas

The Arkansas Insurance Department announced that two companies have been approved to begin offering insurance products in the state. Arkansas Insurance Commissioner Allen Kerr has granted authority to Motorists Life Insurance Co. (MLIC) of Columbus, Ohio, to write life, accident …

Stanford Opens Newest Florida Brightway Office in Jacksonville

Brightway Insurance has expanded its network of insurance retail locations in Jacksonville, Fla., with the addition of insurance agent and new Brightway Agency Owner Anne Stanford, who opened the company’s newest office Sept. 26. Stanford has more than 20 years …

UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote

Optimism about the outlook for Britain’s financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. The latest survey of 115 financial services firms by business lobby CBI [Confederation of …

Insurers Encouraged by Latest Round of Covered Agreement Talks

Insurers say they are encouraged by the most recent developments in the covered re/insurance agreement negotiations between the United States and European Commission. Following the latest round of the talks, held Sept. 21-22 in Washington, D.C., the United States and …

North Carolina Supreme Court Upholds Blame on DOT for Crash that Killed 3

North Carolina’s highest court has upheld earlier rulings that the state Department of Transportation’s failure to install traffic signals at a Charlotte-area intersection helped cause an accident that killed three, including two children. The state Supreme Court affirmed Friday the …

California Rural Communities Evacuated in Wake of Heat-driven Wildfire

More evacuations were ordered Tuesday as a growing wildfire threatened remote communities in California’s Santa Cruz Mountains. The blaze in a rugged area 30 miles south of San Jose destroyed one home and charred more than 1.5 square miles of …

USGS: Moderate Quakes Off Oregon, California Coasts

Scientists say two moderate earthquakes occurred off the Oregon and California coasts late Saturday and early Sunday but neither triggered a tsunami warning. The U.S. Geological Survey says a 5.0 earthquake occurred in the Pacific Ocean about 93 miles southwest …