Monthly Archives: <span>March 2018</span>

Blockchain Insurance Industry Initiative, B3i, Forms Company Called ‘B3i Services’

The Blockchain Insurance Industry Initiative (B3i) announced the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i, which previously operated as a collaborative initiative of 15 global insurers and reinsurers who came …

Students Lead March for Stronger Gun Safety Laws

Thousands of high school students and supporters gathered in Washington and across the U.S. Saturday to demand tougher gun laws from an older generation that’s delivered little change after years of mass shootings. Participants in the March for Our Lives …

Assisted Living Facility Staffer Accused of Stealing Funds in New Jersey

Federal prosecutors say the business manager of an assisted living facility stole about $237,000 from an elderly victim under her care. Marcella Drakeford faces six counts of mail fraud. Prosecutors say that beginning in December 2016, Drakeford agreed to help …

Doctor Says Penn State Pledge May Have Lived If Help Was Called Sooner

A forensic pathologist testified Friday that injuries that killed a Penn State fraternity pledge last year might not have been fatal if fraternity members had summoned help more quickly. Dr. Harry Kamerow took the stand in a preliminary hearing to …

Worker Dies in Massachusetts Furnace Equipment Supplier Explosion

An explosion at a Massachusetts manufacturing facility has killed one worker and injured another. Officials say the man was an employee at Advanced Vacuum Systems in Ayer, about 40 miles northwest of Boston. The Middlesex District Attorney’s office says its …

Aon’s Mullen to Re-Join Artex Risk Solutions as CEO

Artex Risk Solutions announced that Peter Mullen will be re-joining the company in March 2019 as CEO-elect. He will step into the role once he has fulfilled his contractual obligations to Aon Captive & Insurance Management, where he has been …

Cash-Strapped Papua New Guinea Gov’t Struggles to Help Desperate Quake Survivors

Almost a month after a deadly earthquake, Papua New Guinea is struggling to get aid to desperate survivors, having allocated just a fraction of its relief funds, while a rent dispute left disaster officials briefly locked out of their offices. …

Endeavour Expands Capability of Claims Platform Used by Canadian Coverholders

Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has added new functionality, including Lineage compatibility, to its Advantage claims platform, further improving claims handling for Canadian coverholders and third party authorities (TPA). Developed in partnership with Advent Claims and …

Legacy Acquirer DARAG Forms Partnership with Asset Manager New Nordic Advisors

DARAG, the European legacy acquirer, and New Nordic Advisors, a London-headquartered investment management company, announced the formation of a strategic partnership. DARAG and New Nordic will join forces in a number of areas, including the provision of legacy, active business …

BHSI Opens Perth Office; Chubb’s Prindiville & Shepard Named P/C Underwriters

Berkshire Hathaway Specialty Insurance (BHSI) announced it has opened an office in Perth, Western Australia, naming Anthony Prindiville to lead its casualty underwriting and Mark Shepard to lead property underwriting there. “Expanding our footprint into Western Australia will enhance our …