Monthly Archives: <span>January 2019</span>

Connecticut Insurance Department Recoups Nearly $8M

The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints. Acting Commissioner Paul Lombardo says the agency’s consumer affairs staff each year helps …

Starkweather & Shepley Selects Burns to Lead Newly Opened Virginia Beach Office

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has opened a new Virginia Beach, Va., location led by Christopher Burns, senior vice president and National Marine Practice Group leader. In this role, Burns will focus on managing the marine insurance team …

M&T Insurance Agency Hires Batt in Washington D.C.

M&T Insurance Agency (MTIA) has hired Jeffrey Batt to its Washington, D.C., office as the cyber insurance practice leader. In this role, he will manage client relationships by providing cyber insurance and risk consulting. In addition to insurance brokerage and …

BHSI Offers Transactional Liability Cover in UK & Europe, Appoints Martin from Enstar

Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its North American Transactional Liability Insurance business into the UK and Europe and has appointed Ed Martin as head of Transactional Liability, UK and Europe, based in London. “As the need …

Legacy Acquirer DARAG Buys Italian Motor Business from DONAU Versicherung

Legacy Acquirer DARAG Group Ltd. announced it has agreed to purchase a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung AG. Financial details of the transaction, which is subject to approval by the …

Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap

The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses, according to an Aon report titled “Weather, …

Danske Bank Faces Shareholder Lawsuit over Money Laundering Scandal

Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske Bank by July over a 200 billion euro ($230 billion) money laundering scandal. IMF’s European …

PM May Refuses to Rule Out No-Deal Brexit, but Seeks Further EU Concessions

British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border. With little time left …

With Shutdown, Oklahoma’s Rural Fire Departments Fear Funding Issues

Oklahoma officials anticipate problems with funding the state’s rural firefighting services if the partial federal government shutdown persists. The Oklahoma Department of Agriculture’s forestry division received communication from the U.S. Forest Service not to suspend any activities on some of …

Ohio’s David Sichko Agency Joins Smith & Leavitt Insurance Services

Columbus, Ohio-based David Sichko Agency has affiliated with Smith & Leavitt Insurance Services and will now do business as Leavitt Group Midwest-Smith, Molino & Sichko, the companies said. The agency will continue to offer Nationwide insurance products. The affiliation will …