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

Facing $17B in Fire Damages, PG&E CEO Blames Climate Change

It was California’s biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far bigger than New York City, destroying more than 100 homes and injuring two fire fighters. It’s just one in a …

Another Use for Drones: Investigating Car Wrecks

When police investigators tried to figure out what caused a multi-vehicle crash that killed an elderly woman in Morton, Illinois, last month, they looked to the sky for help. Like a growing number of police agencies throughout the country, the …

Marsh’s Bogan Joins JLT Specialty’s Life Sciences Team

Broker JLT Specialty USA has named John Bogan as a vice president, serving U.S. life science companies and their complex products liability, clinical trial and related risks. Bogan comes to JLT from Marsh, where since 2016 he has served as …

School Bus Overturns on New Jersey Turnpike, 36 People Hurt

Officials say a school bus taking families home from a picnic crashed on the New Jersey Turnpike, sending dozens of people to the hospital with non-life-threatening injuries. Newark Mayor Ras Baraka says the bus was returning to Newark from his …

New Hampshire Woman Sentenced for Defrauding Employer of $70K

A New Hampshire woman has been sentenced to five years of probation for defrauding her Vermont employer of more than $70,000. The U.S. Attorney’s Office says 29-year-old Katie Stygles was sentenced after she pleaded guilty to credit card fraud. Court …

A.M. Best Upgrades Credit Ratings of Bunker Hill Insurance Group Members

A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to a- from bbb for the members of Bunker Hill Insurance Group. The outlook of the Long-Term …

AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs

Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU). Argonaut Insurance Co. is providing the insurance capacity for both ASLU and …

UK Insurer ESure Receives $1.5 Billion Offer from Bain Capital

ESure Group Plc has received an unsolicited offer of about 1.17 billion pounds ($1.5 billion) from Bain Capital Private Equity LP as private equity firms seek to consolidate the insurance industry. The offer of about 280 pence a share in …

Various Scenarios for Brexit: Deal, No Deal, New Referendum?

The United Kingdom is due to leave the European Union on March 29, yet little is clear: There is, so far, no divorce deal, rivals to Prime Minister Theresa May are circling and some lawmakers are pushing for a rerun …

Explosion at Brazil Steelmaker Usiminas’ Plant Injures 30

An explosion tore through Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA’s largest plant on Friday, injuring 30 people and shaking the nearby town of Ipatinga, according to the company and firefighters. The company, also known as Usiminas, said none …