January 17, 2018
Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks …
January 17, 2018
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired FIRM Inc., an insurance agency located in Mahwah, N.J. Terms of the transaction were not disclosed. FIRM Inc. provides clients with tailored property …
January 17, 2018
An unlicensed home improvement contractor whose false promises left an elderly Massachusetts woman’s home in ruins and others temporarily homeless is heading to prison. The Salem News reports that 49-year-old Jaime Ford was sentenced to two years in prison Thursday …
January 17, 2018
Starkweather & Shepley Insurance Brokerage Inc. hired Russell Corner II as a construction and surety specialist. Corner’s key responsibilities in this role include managing relationships with current and prospective clients, as well as bringing in new business. He will focus …
January 17, 2018
Last week, the U.K. government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much to gain from keeping London as …
January 17, 2018
An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said late on Tuesday, as maritime police scour for damage and prepare …
January 17, 2018
British travel company Thomas Cook has partnered with fintech firm Revolut to launch a “pay-per-day” travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones. Revolut, the digital bank start-up, said it …
January 17, 2018
The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is getting bigger. The protection gap is the difference between insured losses and total economic losses. The protection gap, or those …
January 17, 2018
Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a combination of cyber cover, regulatory billings coverage and medical liability insurance …
January 17, 2018
A casino company said Monday it never had a problem with the shuttle boat that burst into flames off Florida’s Gulf Coast, leading to the death of a female passenger. Tropical Breeze Casino spokeswoman Beth Fifer said the company does …