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

Many Nations Close Borders to British Travelers over Fears of New Coronavirus Strain

DOVER, England – A slew of countries closed their borders to Britain on Monday over fears of a highly infectious new coronavirus strain, heightening global panic, causing travel chaos and raising the prospect of UK food shortages days before the …

Files Raise Questions About Purdue Pharma Family’s Transfer of $10B Over Decade

Members of the wealthy Sackler family, owners of OxyContin maker Purdue Pharma LP, have long denied that the $10 billion they transferred from their company over the course of a decade was an unlawful attempt to shield assets in anticipation …

UK Broker, Specialist Risk Group, to Be Acquired by Private Equity Firm HGGC

Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has signed a definitive agreement to be acquired by middle-market private equity firm HGGC. SRG’s management team will invest alongside HGGC and continue to hold a significant stake in …

PM Johnson Faces Deal-Or-No-Deal Choice as EU Balks at UK’s Brexit Demands

Boris Johnson faces a choice in the next few hours that will define his premiership: accept a trade deal with the European Union or go it alone. It could scarcely have come at a more difficult time for him. As …

Hanleigh Hires Cremens as Sales Director in Connecticut Office

Hanleigh, a subsidiary of CRC Group – a nationwide wholesale distributor of specialty insurance products – has hired Scott Cremens as sales director, based in its Windsor, Conn., office. Hanleigh is a managing general underwriter offering high limit disability, personal …

JM Wilson Adds Yohn as Assistant Transportation Underwriter in South Carolina

JM Wilson has has hired Jamie Yohn as assistant transportation underwriter in its Charleston, S.C., office. Yohn is responsible for assisting underwriters on a wide variety of transportation risks, quoting new and renewal business, corresponding with carrier underwriters, and assisting …

49 Georgia Businesses Caught in 5-Person Burglary Ring

A Georgia prosecutor says a burglary ring hit 49 businesses a total of 58 times over four months, and five people are accused. Targets included gas stations, dollar stores and popular restaurants in Macon, and burglaries occurred from Dec. 23, …

J.M. Wilson Hires Cella, Tokarz as Assistant Underwriters in Illinois

Managing general agency and surplus lines broker J.M. Wilson has added Scott Cella as assistant property/casualty underwriter and Ryan Tokarz as assistant transportation underwriter in its Arlington Heights, Ill., office. Cella and Tokarz are responsible for assisting with new and …

Outlooks Revised to Negative for Iowa’s United Fire Group, Property/Casualty Subs

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the property/casualty (P/C) subsidiaries of United Fire Group Inc. …

Cyber Experts Race to Secure Networks Following Broad Cyber Attack on U.S.

Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source. More details were revealed …