Monthly Archives: <span>February 2020</span>

Ironshore Expands, Realigns Its Wholesale Distribution with Branch Managers

Ironshore, the Liberty Mutual specialty insurance company, has expanded and realigned its wholesale distribution platform with local offices headed by branch managers. The company believes the new arrangement will better meet the needs of the wholesale brokerage market. The company …

Brooks Brothers and Brooks Running Shoes Clash Over Trademark

Brooks, the running shoe and apparel unit of billionaire Warren Buffett’s Berkshire Hathaway Inc., filed a trademark infringement lawsuit against Brooks Brothers, pitting two companies whose roots date back more than a century against each other. In a complaint filed …

Wisconsin’s Understory Launches Hail Insurance for Auto Dealers in 5 New States

Madison, Wis.-based Understory, which offers parametric insurance for severe weather risks, has launched its supplemental hail insurance product for automotive dealers in five new states: Arizona; New Mexico; Ohio; Pennsylvania and Wyoming. Auto – Hail Safe from Understory allows automotive …

Firearm Purchaser Licensing Laws Linked To Fewer Fatal Mass Shootings

Firearm purchaser licensing laws that require an in-person application or fingerprinting are associated with an estimated 56 percent fewer fatal mass shootings in states that have them, according to a new study by researchers at the Johns Hopkins Bloomberg School …

Wisconsin Governor Seeking Federal Disaster Declaration for 3 Counties

Gov. Tony Evers has submitted a federal emergency declaration for three southeastern Wisconsin counties for $10 million in damage caused along the shore of Lake Michigan by winter storms last month. Evers asked President Donald Trump’s administration for the declaration …

No Injuries Reported After Fire Erupts at ExxonMobil Refinery in Louisiana

A blaze inside a Louisiana refinery turned the night sky a shade of orange, sent a large plume of smoke into the air over Baton Rouge, and its heat could be felt across the Mississippi River. ExxonMobil said its volunteer …

BOK Financial Insurance Expanding in Oklahoma, Texas

Employee benefits and risk management firm, BOK Financial Insurance (BOKFI), a division of Tulsa, Okla.-based BOK Financial Corp., is focusing on growth in Oklahoma and Texas as an expansion of its operations that have supported Colorado and Arizona clients for …

Outgoing BoE Governor Discusses Risks of Negative Interest Rates, Climate Change

Mark Carney said he’s lucky he never had to cut interest rates below zero as Bank of England governor because they would have damaged the UK. Carney, who leaves the central bank next month, has long been opposed to negative …

Members of Lloyd’s New Cultural Advisory Group Include Mental Health Specialists

Lloyd’s has announced the membership of its new, independent Culture Advisory Group, which has been set up as part of its action plan to drive long-term cultural changes in the market. Lloyd’s started its cultural transformation program in March 2019 …

Wells Fargo Agrees to Halt Forced Arbitration for Sex Harassment Claims

Wells Fargo & Co. on Wednesday ended its forced arbitration policy for employee sexual harassment claims, opening the lender to potential lawsuits in the future. The San Francisco-based bank made the decision following a shareholder proposal from Clean Yield Asset …