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

Explosion at Georgia Chemical Plant Leaves 1 Dead

A man has died after an explosion at a chemical plant in Georgia. The Augusta Chronicle reports Richmond County Coroner Mark Bowen identified Wednesday’s victim as 29-year-old Steven Gonsalves, of Beech Island. Bowen says Gonsalves’ body will be sent to …

Georgia Insured Losses from Hurricane Irma Exceed $300M, And Growing

The Georgia Office of the Commissioner of Insurance estimates that insured losses in the state from Hurricane Irma have now exceeded $300 million, with more than 50,000 property related insurance claims reported. “Our preliminary estimate today is $336 million in …

Study Says Climate Change Could Lead to Rougher Roads

Expect some rough roads ahead. Literally, if a new study is any indication of how U.S. roads as they are currently being built might fare in a warmer world. A study by professors at Arizona State University shows that global …

House Passes Bill to Assure Private Policies Satisfy Flood Insurance Requirement

The House of Representatives voted 264-155 today to pass bipartisan legislation that encourages the sale of private flood insurance in place of policies from the federal government in high risk areas where flood insurance is required. The bill would give …

Firefighters Douse Hot Spots in California Blaze

Fire crews with support from a fleet of aircraft have continued to douse hot spots of a wildfire that burned up to canyon homes in Southern California. Orange County Fire Capt. Steve Concialdi says there are no more open flames …

Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model

Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the financing. Clearcover will use the funding to scale up …

San Francisco Becomes the First City to Sue in Equifax Breach

San Francisco has filed a lawsuit against Equifax, becoming the first city in the country to sue the credit reporting company over a massive data breach that exposed the personal information of about 143 million Americans. The city’s lawsuit in …

USI Insurance Services Acquires Pennsylvania’s David M. Banet & Associates

USI Insurance Services (USI) has acquired David M. Banet & Associates Inc. (Banet), an Exton, Penn.-based leader in benefits consulting and administration, human capital management and insurance brokerage and consulting services. Banet will combine with Emerson Reid, USI’s employee benefits …

SEFCU Insurance to Transfer Commercial Practice to New York’s Rose & Kiernan

SEFCU Insurance Agency, a wholly owned subsidiary of SEFCU with offices in Schenectady, Cobleskill, Cooperstown, and Schoharie, N.Y., will transfer its commercial property and casualty and benefits practices to Rose & Kiernan Inc., an insurance brokerage firm headquartered in East …

Alliant’s Boston Office Hires Bean as Senior Vice President

The Boston office of Alliant has hired Phil Bean as senior vice president within the company’s Alliant America’s division. In this role, Bean will provide targeted risk management and insurance solutions to clients throughout the Northeast as Alliant continues to …