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

Concerned Bankers, Investors Warn Federal Reserve About Leveraged Credit Market

Bankers, executives and investors are warning Federal Reserve officials behind closed doors that record leveraged lending to companies from lightly-regulated corners of Wall Street could make any economic downturn harder to manage. With the second-longest U.S. expansion in its advanced …

Managing Natural Disasters Becomes Priority for Nation’s Governors

Governors have a wide range of priorities they want to tackle in the coming year, from tax reform to education. Yet it’s a topic that receives less attention on the campaign trail and in their speeches that could determine their …

Analysts Weigh Chances Next Congress Will Actually Reform Flood Insurance

With the clock ticking on the National Flood Insurance Program’s authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of several routes: passing a bill to extend …

Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims

Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers recovering from the major storm that devastated the Florida Panhandle in October. Florida …

Fire Damages Macy’s Distribution Center in West Virginia

A fire official says operations have been suspended at a Macy’s distribution center in West Virginia after a fire broke out. No one was hurt. Hedgesville Volunteer Fire Capt. Brian Mulligan tells The Herald-Mail of Hagerstown, Maryland, that the state …

Valley Insurance Agency in Washington Joins Leavitt Group

Leavitt Group has made Valley Insurance Agency part of Leavitt Group Northwest. Terms of the deal were not disclosed. Valley Insurance Agency’s Robert Bush, Sheila Siggins and Ginger Patton will remain with the merged agency. Bush and Siggins will work …

Storm System Cancels Flights, Creates Treacherous Driving Conditions in Midwest

A wintry storm brought blizzard-like conditions to parts of the Midwest early Monday, grounding hundreds of flights and causing slick roads for commuters as they returned to work after the Thanksgiving weekend. The Chicago area was slammed with up to …

2 Tornadoes Cause Damage in North Carolina

Two tornadoes have caused damage in coastal North Carolina. The National Weather Service said two tornadoes touched down Saturday afternoon. One tornado hit Emerald Isle and the other hit near Cape Carteret. There were no reported injuries or deaths. The …

J.M. Wilson Announces Promotions, New Hires in Transportation Unit

Managing general agency and surplus lines broker, J.M. Wilson, has made a number of personnel changes in its transportation department with promotions and new hires in the Midwest. Josh Mauk was promoted to senior transportation underwriter in J.M. Wilson’s Carmel, …

Alliant Insurance Services Adds Langley in Houston

Alliant Insurance Services has hired Jeff Langley as a vice president in its Houston office. Langley will provide a full range of risk management and insurance solutions to a diverse client base, further expanding Alliant’s reach and capabilities both in …