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

California Now Looking for Ways to Preserve Environmental Clout

The Trump administration’s decision to stop California from setting its own emission standards for cars and trucks would undermine the state’s ability to convince the world’s largest automakers that they should make more environmentally friendly vehicles. “We will not let …

Starr Promotes Puffer and Geoghean in the Western U.S.

Starr Insurance Cos. announced leadership promotions and a new structure for its Western sales region. Starr’s Western region sales operation has been split into two units, Pacific Northwest and Southwest, and two new leaders have been named to head these …

Massachusetts Man Indicted in Connection with $110K Workers’ Comp Fraud Scheme

A Worcester, Mass., man who operated a temporary employment agency was indicted in connection with a scheme to evade more than $110,000 in workers’ compensation premiums, according to a press release issued by Massachusetts Attorney General Maura Healey’s office. Sovane …

The Institutes RiskStream Collaborative Hires Brown in Pennsylvania

The Institutes RiskStream Collaborative has hired Kenneth Brown as head of Security and Controls in its Malvern, Penn., office. As an insurance industry blockchain consortium, RiskStream Collaborative aims to serve policyholders and help lower industry and consumer costs by streamlining …

Hub International Acquires New York’s EPIC Retirement Services Consulting

Hub International Limited, a global insurance brokerage, has acquired the assets of EPIC Retirement Services Consulting LLC. Terms of the transaction were not disclosed. Located in New York, N.Y., EPIC is an independent investment consulting firm specializing in 401(k), 403(b) …

Alliant Insurance Services Hires Riley as Vice President in New York

John Riley has joined Alliant as vice president within the firm’s White Plains, N.Y., office. As part of the firm’s growing Northeast property and casualty team, Riley will service a diverse portfolio of clients with operations in the Northeast and …

Aviation Industry Braces for Double-Digit Premium Hikes After 737 MAX Groundings

The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding of Boeing Co.’s 737 MAX jets following two fatal crashes, …

Sectors Under Pressure, Such as Insurance, Remain Private Equity Targets: Apollo Exec

Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. “Certainly, this is not a value-oriented environment,” said Harris, senior managing director of Apollo Global Management, …

African Swine Fever Spreads in Philippines

Blood samples from pigs in backyard farms in the Philippine capital Manila tested positive for African swine fever, the Department of Agriculture said on Friday, less than two weeks after it declared the country’s first outbreak of the disease. The …

Generali Launches U.S. Specialty Insurance Division, Focusing on Warranty Services

Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide both insurance and obligor services for warranty programs …