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

Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re

A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March. The TRO blocks the three executives from directly or indirectly soliciting …

Facebook Must Turn Over Records on How Execs Handle Data Privacy, Judge Rules

A U.S. judge ordered Facebook Inc. to give shareholders emails and other records concerning how the social media company handles data privacy, after data for 87 million users was accessed by the British political consulting firm Cambridge Analytica. In a …

California Agent Charged With Grand Theft And Forgery

Former insurance agent Richard Brian Willand, 54, of Sylmar, Calif., voluntarily surrendered at the Los Angeles County Superior Court in San Fernando on a warrant for his arrest for alleged grand theft of insurance premium payments, forgery and fraudulent misrepresentation. …

George Petersen in California Completes Rebranding of Marin County Location

Santa Rosa, Calif.-based George Petersen Insurance Agency has completed the rebranding of its Marin County agencies. Minto & Wilkie was acquired by George Petersen in February 2017 and Allen, Bettini & Carter was purchased in November 2017. Since April of …

The Hartford Adds Cybersecurity Training to Cyber Offering for Businesses

The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast Awareness Training services designed to help customers reduce the risk of a cybersecurity incident before it occurs. According to Tim Marlin, head of cyber underwriting …

Buildings Damaged in Texas Storm System That Spawned 2 Confirmed Twisters

Forecasters say at least two tornadoes hit parts of north and east Texas in a storm system that damaged dozens of homes and left one person hurt. The National Weather Service has confirmed twisters struck Wednesday in the Heritage Trace …

FCC: Wireless Carriers Were Ill-Prepared for Hurricane Michael Outages

A Federal Communications Commission report says wireless carriers’ poor preparation and coordination lengthened communication outages in the Florida Panhandle after Hurricane Michael. The Panama City News Herald reports that the FCC report made several recommendations for improvement in the future, …

Texas, Louisiana Among States Most at Risk for Storm Surge, CoreLogic Says

Some 7.3 million U.S. homes with an estimated reconstruction cost of $1.8 trillion are at risk from storm surge, Irvine, California-based data analytics provider CoreLogic said in its 2019 Storm Surge Report, issued days before the start of the 2019 …

Risk Placement Services Creates North Central Region Transportation Team

Rolling Meadows, Illinois-based insurance wholesaler, managing general agent (MGA) and specialty insurance distributor, Risk Placement Services Inc. (RPS), has expanded its Transportation business unit with the creation of a new Transportation team for the North Central states of Wisconsin, Minnesota, …

Rains Ease but Risk of River Flooding in Central U.S. Still High

Rain-swollen rivers threatened more flooding on Thursday in Arkansas, Louisiana, Illinois and Oklahoma, as Tulsa’s mayor warned that the decades-old levee system in his city would be at risk even as waters receded through the weekend. Since early last week, …