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

Olive Branch Residents Still Recovering Two Months After Flood

Frances Ivonne Brensdal woke up June 7 to find her Olive Branch home flooded after a night of record rainfall, which left her family and others displaced. She didn’t even know it was raining. “My neighbor called me at 2:30 …

Prosecutors Allege Capital One Suspect Hacked 30 Other Companies

The Seattle woman accused of hacking into Capital One Financial Corp.’s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other companies, the U.S. said in a request to keep …

Brown & Brown of Massachusetts Acquires Assets of Yozell

Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its customers with value in group employee and executive benefits products and services. Following …

Hub International Limited Acquires Assets of Insurance Center of New England

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Insurance Center of New England Inc. (ICNE). Terms of the transaction were not disclosed. With locations in Agawam and Gardner, Mass., ICNE is a locally owned, independent …

42% of $44 Billion Global Catastrophe Losses in First Half Were Insured: Swiss Re

Natural catastrophes and man-made disasters in the first half of 2019 were responsible for USD $44 billion of economic losses globally, according to Swiss Re Institute’s preliminary sigma estimates. This figure is well below USD $109 billion, the average first-half …

Woodruff Sawyer Adds New England Practice Leader Coady to Board of Directors

Woodruff Sawyer, a U.S. insurance brokerage, has announced that Sean Coady, senior vice president and New England practice leader, has joined the Board of Directors. Prior to joining Woodruff Sawyer, Coady was a co-founder of Capstone Insurance, an independent insurance …

Walmart CEO Calls for Congress to Debate Assault Weapons Ban

In the wake of a mass shooting at a Walmart Inc. store, Chief Executive Officer Doug McMillon called for an assault weapons ban to be debated by Congress and said he’s encouraged by growing support for gun-control measures like background …

Insured Losses in China from Typhoon Lekima Will Exceed CNY 6 Billion: AIR

Catastrophe risk modeling firm AIR Worldwide estimates insured losses in China from Typhoon Lekima will exceed CNY 6 billion. Lekima made landfall in Taizhou, Zhejiang, China, at 2 a.m. on August 10 local time, with JMA-estimated 1-minute sustained wind speeds …

Facebook Warned Its Employees, Not Users, About 2018 Breach, Lawsuit Says

Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed. …

Outside Inspectors Find Tree Hazards That PG&E Contractors Overlooked

PG&E Corp.’s court-appointed compliance monitor concluded the utility isn’t trimming trees that pose wildfire threats in high-risk areas of California and didn’t train its contractors properly. The monitor, Mark Filip, on Wednesday wrote to U.S. District Judge William Alsup, saying …