Monthly Archives: <span>June 2021</span>

ShoreOne Insurance Managers Announces Entry into New Jersey

ShoreOne Insurance Managers Inc. is launching its admitted, residential homeowners policy with full flood insurance protection in New Jersey. This product is already live in South Carolina, and there are plans to expand into other states on the Eastern Seaboard …

People Moves: Merchants’ Lasante Promoted; New Hires at AAU, Ascot

Merchants Insurance Group Promotes Lasante in New England Office Merchants Insurance Group has promoted Regional Underwriting Manager Kevin Lasante to regional vice president of its New England office in Bedford, New Hampshire, effective June 7, 2021. He will assume the …

People Moves: Island Insurance Promotes Tonaki to VP in Claims; PCF in Utah Names Stradling VP of Finance

Island Insurance Co. has promoted Toby Tonaki to vice president, claims. Tonaki will continue to oversee the claims division’s casualty unit. Tonaki joined Island in 2013 and has more than 25 years of litigation experience. Previous positions include law clerk …

Regulator Objects But Court Clears Bid for $200M From Liquidated Insurer’s Owners

Creditors who say they were swindled out of more than $200 million by the former owners of the liquidated CastlePoint group of insurance companies may proceed with most of the claims they made in a New York lawsuit, a California …

City in New Mexico Suing Companies Over Lighting on Problem-Plagued Bus Route

New Mexico’s largest city has sued companies involved in the design and construction of a rapid transit system over light fixtures that have fallen or weren’t secured. The Albuquerque Rapid Transit bus system has been plagued with problems that include …

Firefighters in California Working to Contain Large Wildfire

California’s weather moderated after a long siege of extreme heat but firefighters still faced the difficult task of trying to contain a large forest fire in rugged coastal mountains south of Big Sur. The Willow Fire covered 4.4 square miles …

Budweiser Insurance, Eh? Beer Maker Taps Into Canadians’ Love for BBQs

The “king of beers”—Budweiser— is venturing into the Canadian insurance industry with the launch of Budweiser Insurance. The major brand made its intentions known in two separate announcements. Addressing those who doubted the seriousness of the effort, Mike D’Agostini, Budweiser …

Georgia Fire Marshal Report on Warehouse Fire Cites Pellet Stacks, Low Water Pressure

The size of wood pellet stacks and low water pressure may have contributed to a spectacular blaze that burned for days in May at a warehouse on the Georgia coast. The Brunswick News reports that Georgia Ports Authority Chief Administrative …

BHSI Launches Energy & Technical Lines Casualty Products in UK with Dedicated Team

Berkshire Hathaway Specialty Insurance (BHSI) announced it has launched Energy and Technical Lines Casualty products in the UK and established a dedicated London-based Energy & Technical Lines underwriting team. The company’s UK Casualty Energy & Technical Lines team includes: Oliver …

Accenture Invests in Swiss Digital Payments Company Imburse

Accenture has invested in Imburse, a cloud-based, payments-as-a-service enterprise platform that simplifies the way businesses access the global payments ecosystem. Financial details of the investment, which was made via Accenture Ventures, were not disclosed. Founded in Zurich, Switzerland in 2018, …