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

One Dead After Underground Tank Explodes at New York Gas Station

Authorities are investigating an explosion in an underground tank at an upstate New York gas station that killed a worker. State police say the explosion happened Friday afternoon at a Speedway station in the town of Dickinson in Broome County. …

Massachusetts’ XS Brokers Announces New Executive Leadership Structure

XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has announced a new executive leadership structure. Eric Wirkus has been promoted to president, effective immediately. XSB Former President Adam Devine will become CEO. “The following changes come as …

World Insurance Associates Acquires Maryland’s American Insurance Marketing

World Insurance Associates LLC (WIA) acquired American Insurance Marketing Corp. (AIMC) of Prince Frederick, Md., on September 1, 2019. Terms of the transaction were not disclosed. Founded in 1976, AIMC provides quality protection for thousands of individuals, families, businesses and …

Risk Strategies Acquires New York’s Pro Safety Services

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Pro Safety Services LLC, a provider of safety and loss control services to construction companies, builders and a range of other industries. Terms of the deal …

Apollo’s Insurer Unit, Athene Holding, Quietly Settles Harassment Case Against CEO

The allegations described a boss letting loose with profane tirades, sexist insults, racist comments, even physical intimidation. Purported incidents piled up for four years inside the sprawling investment empire of buyout mogul Leon Black, ending only when the accuser left …

Tropical Storm Jerry Takes Aim at Bermuda, Just Days After Humberto’s Battering

Bermudians secured homes and businesses on Tuesday as they prepared for the arrival of Tropical Storm Jerry just a few days after Hurricane Humberto battered the archipelago and briefly knocked out power for most residents. Jerry is expected to pass …

Broker Clements Worldwide Buys Dutch Financial Services Broker, The Financials

Clements Worldwide, a Washington, D.C.-based insurance broker for individuals and organizations who work across international borders, announced the acquisition of The Financials for an undisclosed amount. Amsterdam-based The Financials enhances Clements Worldwide’s presence in the Netherlands and expands its reach …

1 Simple Step to Lose Customers if That’s What You Want

There’s something wrong with the insurance buying process. That’s not really accurate. There’s a lot wrong with the insurance buying process. Specifically, the process of getting personal auto insurance is broken. I’ve been helping a friend with their insurance buying. …

Uber Must Show London Regulator Its Drivers Are Insured, Trained, for License Renewal

Uber Technologies Inc. has been granted a two-month license to operate in London as the ride-hailing app makes stuttering progress in winning over the city’s regulator. Transport for London had previously declined to grant Uber a private-hire license, but said …

Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes

Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as its owner quarrels with insurers over …