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

SageSure, IMF Partner on Texas Coastal Homeowners Insurance Product

Residential property managing general underwriter, SageSure Insurance Managers has partnered with Independent Mutual Fire Insurance Company (IMF) on a homeowners product in Texas, with plans to expand to additional coastal states. SageSure partners with highly rated insurance carriers to deliver …

One Dead, 2 Critically Injured in Another Houston-Area Chemical Fire

An explosion and fire at a chemical plant northeast of Houston left one person dead and two battling for their lives, just two weeks after a blaze at an oil storage facility caused thousands of gallons of petrochemicals to flow …

UK Financial Services Business Flows to EU to Avert Possible Brexit Disruption: Report

Financial firms in Britain continue to shift business to new European Union hubs and won’t stop unless Brexit is canceled, a think tank told British lawmakers on Wednesday. William Wright, head of New Financial, said its study published on March …

Nationwide Expands Small Business Insurance Direct Platform

Nationwide said it has expanded 24-hour access to more types of small business for its Commercial Digital Direct online commercial insurance platform. Now, 30 different business types can access the platform, which enables Nationwide to sell and service its commercial …

Tokio Marine Kiln Names Curran as Head of Reinsurance, Succeeding Huckstepp

Tokio Marine Kiln (TMK) announced the appointment of Will Curran as the new head of reinsurance, effective April 1, 2019. Curran succeeds David Huckstepp who is leaving TMK on a planned break from the sector. Curran began his career at …

UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day

UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On April 1, Nexus acquired Capital Risks MGA …

Arizona Man Another Death Linked to Faulty Takata Air Bag

An Arizona man who died from injuries sustained in a crash three months after purchasing a used Honda Civic has become the 16th fatality in the U.S. linked to defective air bags at the center of one of the biggest …

Judge Tells PG&E to Hold Dividends to Pay to Help Reduce Wildfire Risks

A U.S. judge said on Tuesday that PG&E Corp. cannot resume dividends and must use the money to reduce wildfire risk in California, stopping short of more costly measures he proposed earlier this year. The new criminal probation terms for …

Massachusetts Auto Repair Shop Owner Charged in $170K Vehicle Fraud Scheme

A Shrewsbury, Mass., man who owns two automotive repair businesses has been indicted in connection with a motor vehicle fraud scheme in which he damaged vehicles and stole $170,000. Adam Haddad was indicted last week by a Statewide Grand Jury …

Twitter CEO Agrees with Facebook CEO, Supports Regulation of Social Media Platforms

Twitter Inc. Chief Executive Officer Jack Dorsey said rules like Europe’s General Data Protection Regulation have had a positive impact on the technology industry, remarks that come days after Facebook Inc. CEO Mark Zuckerberg called for stepped up government oversight …