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

Volvo’s Autonomous Car Venture to Begin Testing on Swedish Roads

A Volvo Cars joint venture has won approval to begin hands-free testing of its software for self-driving cars on Swedish highways, partner Veoneer said. Veoneer said the Zenuity joint venture’s software for Level 4 autonomous driving – the second highest …

Relation Enters Agreement to Acquire New York’s J. Deutsch Associates

Relation Insurance Services, an insurance brokerage that offers risk management benefits and third party administrator (TPA) consulting services through its family of brands across the U.S., has entered into a definitive agreement acquiring J. Deutsch Associates Inc., a New York …

New York’s SterlingRisk Insurance Hires Guthart

SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has hired Steven Guthart as president and chief marketing officer. Guthart brings more than 30 years of industry experience to SterlingRisk. He previously served as president of Brooklyn operations at HUB …

UK Online Grocer Ocado Warns of Sales Hit from Fire at Robotic Distribution Center

A huge fire at Ocado’s flagship robotic distribution center will hit sales growth, the British online supermarket pioneer warned on Wednesday, sending its shares sharply lower. Around 20 fire engines and 200 firefighters were called to the blaze at the …

Munich Re Reports 56% Drop in Q4 Profit on Spate of Natural Disasters

German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to 238 million euros ($271.13 million) from 538 …

The United States Saw 11 Natural Disaster Events That Exceeded $1 Billion in Damage During 2018

This post is part of a series sponsored by CoreLogic. When it comes to natural disasters, 2018 was an eventful year worldwide. Typhoons devastated the Philippines, Hong Kong, Japan and Oman. Earthquakes caused mass casualties in Indonesia, business interruption in …

Being Independent, Nimble and Niche: Keys to SSL Endeavour’s Aim to Put Clients First

By creating an innovative and nimble operating platform, SSL Endeavour, London-based Lloyd’s broker, aims to attract and retain the best entrepreneurial brokers who are freed up to create innovative client solutions, said Group Managing Director Karen Allen. “Being a niche …

West Virginia Gov. Appoints Hunter Acting Insurance Commissioner

West Virginia Governor Jim Justice has appointed Erin K. Hunter as acting insurance commissioner for the state, effective Jan. 25, 2019. She takes over for Allan McVey who was appointed by Justice last month as Secretary of Administration. McVey served …

Safety Agency Pulls Obama Proposal to Require Event Data Recorders in Cars, Trucks

The U.S. National Highway Traffic Safety Administration said on Tuesday it is withdrawing a 2012 Obama administration proposal to require event data recorders in all new cars and trucks because it says automakers have voluntarily installed the devices in nearly …

Chronic Pain is Top Reason Patients Use Medical Marijuana

The stigma surrounding marijuana use appears to be slowly fading in the U.S. New research from the University of Michigan, published in the February issue of Health Affairs, provides insight into the use of medical marijuana. According to the research, …