Daily Archives: <span>February 8, 2018</span>

Did HUD Just Restore Obama Federal Flood Rule Nixed by Trump?

The Trump administration’s stance on climate change became a little less clear this week. Six months ago, President Donald Trump revoked an Obama-era rule requiring federally funded projects to account for the increased flood risk associated with global warming. Critics …

Ex-Alaska Airlines Pilot to Plead in California to Flying While Drunk

A former Alaska Airlines pilot will plead guilty in California to a charge of flying a passenger plane while drunk. Federal prosecutors say David Hans Arntson of Newport Beach agreed this week to enter the plea at a later hearing. …

Arizona Man Gets Jail Time for Selling Fake Insurance Policies to Businesses

An Arizona man has been sentenced to 3 1/2 years in prison for selling fake insurance policies to commercial environmental businesses. Prosecutors say Brian McFarland must also pay full restitution of more than $450,000 to the 87 defrauded businesses. The …

HUB International Names Greene Vice President of Employee Benefits in California

HUB International of California has named Lynn Greene vice president of the employee benefits practice. Greene’s primary role will be the design, placement, and maintenance of healthcare programs and human-resource solutions for mid-market and large companies. Greene has more than …

Investments, Tax Cuts Boosted Allstate Profit in Q4

The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts gave it a one-time gain, helping to ensure the …

Massachusetts Launches Online Portal for Data Breach Reports

Massachusetts Attorney General Maura Healey has unveiled a new online portal to let businesses and organizations report data breaches. The Democrat said the online portal should make it easier to alert her office to the potential theft of information. Since …

Repairs After Massachusetts Library Flooding Estimated to Cost $300K

Officials estimate it will cost about $300,000 to repair a Massachusetts library after a burst pipe dumped thousands of gallons of water into the building. The Pollard Memorial Library in Lowell, Mass., remains closed after a pipe broke in early …

New York’s 21 Club Closes to Fix Flood Damage

The tony 21 Club in midtown Manhattan has been closed for renovations following a flood. The restaurant was damaged in early January after broken pipes set off fire sprinklers which sent gallons of water gushing throughout the clubby interior. The …

Alera Group Acquires Three East Region Firms

Alera Group, a Deerfield, Ill.-based national employee benefits, property/casualty, risk management and wealth management firm, has acquired three East region firms, effective February 1, 2018. Aisling Partners Insurance Brokerage LLC, located in Worcester, Mass., is an independent employee benefits brokerage …

Hiscox Names Walter as CEO Hiscox Global Retail, Langan as CEO of Hiscox USA

Hiscox Ltd. announced that Ben Walter, the current CEO of Hiscox USA, will relocate to London to take up the newly created role of CEO Hiscox Global Retail. He will be succeeded as CEO Hiscox USA by Steve Langan, the …