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

German Firm Quits Safety Inspection Business Following Brazilian Dam Collapse

Germany’s TÜV SÜD has pulled out of conducting safety assessments of dams after the collapse of a Brazilian dam it had vetted killed almost 250 people in January, the industrial inspection firm’s chief executive told Reuters. The collapse of the …

Cigna Eyes Sale of Group Life, Disability Business to Concentrate on Health: Reuters

U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability …

PG&E Will Face Jury Over Billions in Damages from Massive California Wildfire

Victims of the second-most destructive fire in California history will get a chance to try and persuade a jury that PG&E Corp. should pay them as much as $18 billion in damages. U.S. Bankruptcy Judge Dennis Montali on Friday lifted …

CopperPoint in Arizona Names Fuchs Senior Vice President of Data Management

Phoenix, Ariz.-based CopperPoint Insurance Cos. has named Barb Fuchs senior vice president of data management. Fuchs will serve as the business lead for CopperPoint’s enterprise data warehouse program. She was most recently vice president of information management and analytics at …

3 Steps to Building an Agency Growth Machine

How much did your agency grow last year? How about in the past five years? If your answer is anything less than 10%, then this article is for you. In it, I want to share with you three keys to …

Trial Begins Over Insurance for ‘Suspicious’ Boat Sinking Off New England Coast

A civil trial that began on Tuesday will determine whether insurance companies must cover an $85,000 claim from a Vermont man for his boat, which sank nearly three years ago off the New England coast. Insurers are refusing to pay …

Connecticut Crumbling Foundations Superintendent to Step Aside

The veteran insurance consultant who has overseen the rollout of an assistance program for Connecticut homeowners with crumbling foundations says he’s stepping aside. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company, a captive insurance company created by the …

Florida’s BKS-Partners Appoints Thompson to Managing Advisor

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has appointed Rich Thompson to managing advisor. Thompson joined BKS-Partners in 2015 as an Employee Benefits advisor. He is focused on partnering with clients …

Industry Flexes Political Muscle in States to Criminalize Aggressive Pipeline Protests

After protesters disrupted construction of an oil pipeline in North Dakota by chaining themselves to construction equipment and pitching tents along the route, oil and chemical companies found a way to keep it from happening again. They made it a …

Alabama Woman Sentenced for Embezzling More Than $600K from Fire Departments

A federal judge has sentenced an Opelika, Alabama, woman to prison for embezzling more than $600,000 from volunteer fire departments in Alabama. U.S. Attorney Jay E. Town said Wednesday that a judge sentenced 63-year-old Andrea Payne to 42 months for …