Monthly Archives: <span>February 2017</span>

California Governor Calls for $437M in Spending for Flood Control

California Gov. Jerry Brown is calling for a boost in spending on water and transportation infrastructure as the waterlogged state grapples with an emergency dam repair, frantic levee fixes and catastrophic road damage caused by storms. The Democratic governor redirected …

Washington Utility Commits to Maintain Low Levels at Lake over Quake Fears

Updated earthquake concerns for Mossyrock Dam, the tallest structure of its kind in Washington, have prompted Tacoma Power to commit to a new, reduced water level at Riffe Lake that will likely stretch well into the next decade. The Chronicle …

Border Adjustment Would Sock Florida with Hugely Higher Insurance Rates

In recent years, Congress repeatedly has considered legislation that would have adversely and profoundly impacted disaster-prone states like Florida. Luckily, we were spared passage, over and over again. Unfortunately, a tax “reform” package supported by House Republicans and likely to …

Police Say Worker Dies After Falling from Roof of Massachusetts Home

Police say a man working on a house under construction in Duxbury, Mass., has died in a fall from the roof. The Patriot Ledger reports that police and firefighters were called to the construction site at around 7:45 a.m. Tuesday …

Pennsylvania Doctor Admits to Selling $5M Worth of Prescriptions to Addicts

A doctor has admitted his role in peddling prescriptions from a now-defunct clinic in Philadelphia, Penn., that specialized in helping drug addicts. Seventy-eighty-year-old Dr. Alan Summers pleaded guilty in federal court to charges including conspiracy, drug distribution, money laundering and …

New York’s Crystal & Company Hires Giué

Crystal & Company, a New York-based strategic risk and insurance advisor, has hired Ciro Giué as an executive director and national practice leader for voluntary and worksite employee benefit solutions. Giué brings 10 years of industry experience to his new …

Maine-Headquartered Clark Insurance Promotes Two and Hires One

Clark Insurance, a Portland, Maine-headquartered independent insurance agency, has promoted two employees and hired one. Tricia Spencer has been promoted to business insurance department coordinator. Spencer initially joined the agency in 2012. In her new role, she will be responsible …

Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting

Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and will also support the company’s …

Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP

Chubb has announced two senior management appointments to its Global Accounts division, serving large and complex clients in Europe and around the world. Suresh Krishnan, currently executive vice president, Global Accounts, Overseas General Insurance, has been appointed to the newly …

Singapore Tightens Rules for Sharing Economy that Could Disrupt Asia Ambitions

Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. The rules, some say, …