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

Boeing 737 Fund Will Pay Crash Victims’ Families $145K Each

Boeing Co. will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday. The fund, overseen by Washington lawyers …

Police Investigate $350K in Jewelry Thefts at Manhattan’s Trump Tower

Detectives are investigating the alleged thefts of about $350,000 worth of jewelry from residents in Manhattan’s Trump Tower. Police say the jewelry was stolen from inside two apartments in the building where U.S. President Donald Trump owns a penthouse triplex. …

Investigators Wrap Up Work at Explosion Site in Maine

The Maine Fire Marshal’s Office has finished its work at the site of a deadly explosion in Farmington, but isn’t ready to release any conclusions. Maine Public Safety Department spokesman Steve McCausland said investigators turned the scene over to its …

Massachusetts’ Activer Solutions Hires Cassata as Assistant Vice President

Activer Solutions, a Marlborough, Mass.-based provider of business process outsourcing to the property and casualty insurance industry, has hired Cindy Cassata as assistant vice president of Product Solutions and Design. This new role will focus on developing and deploying the …

Risk Strategies Appoints Gabbard as Senior Vice President to Health Care Practice

Risk Strategies, a Boston, Mass.-headquartered, privately held insurance brokerage and risk management firm, has appointed health care industry veteran Brad W. Gabbard as a senior vice president to its national health care practice. He is based in Columbus, Ohio. Most …

Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources

German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources said. Canada’s Sun Life Financial and …

Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks

Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m afraid,” …

The Liberty Company Insurance Brokers Partners with Northern California-based M.B. McGowan & Associates Insurance Agency

Los Angeles, CA, September 24th, 2019 — The Liberty Company Insurance Brokers announced today a partnership with M.B. McGowan & Associates of Novato, CA. M.B. McGowan & Associates is an independent insurance agency that works exclusively with surety bonds, largely …

BHSI Opens Office in Spain, Names Almazan from RSA as Country Manager

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has further expanded its global footprint, opening a new office in Madrid, naming Ignacio Almazan as country manager for Spain. BHSI will initially underwrite property, casualty, financial lines, construction and engineering insurance, …

Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit

Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities written out of its Irish, French, …