Yearly Archives: <span>2021</span>

IICF Hosts Virtual Insurance Industry Gala to Benefit Regional Nonprofit and Charitable Organizations

IICF Southeast Division event will help support more than 20 nonprofits DALLAS (Feb. 1, 2021) –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, will host its ninth annual Southeast Division Gala …

Newfront Insurance in California Adds AmTrust Surety’s Spruill-Iqbal

San Francisco, Calif.-based Newfront Insurance has named Lindsay Spruill-Iqbal a principal and surety producer. Spruill-Iqbal joins Newfront from AmTrust Surety. Spruill-Iqbal has more than 15 years of marketing and underwriting experience within the surety industry. Newfront is a tech-enabled insurance …

Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan

Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc. and a $4.1 billion stake in oil company Chevron Corp. The investments were disclosed in a …

Future of the Insurance Industry and Who Owns It: 3 Scenarios From Verisk’s Anquillare

The question is not whether the future of the insurance industry is bright. “Few industries are better positioned for outstanding growth over the next 15 years,” insists Verisk’s Mark Anquillare. Anquillare points to the giant global protection gap between what …

100 Animals Killed in Fire at Indianapolis Pet Store

An estimated 100 animals died when an overnight fire filled an Indianapolis pet store with thick smoke and deadly gases, fire officials said. It took firefighters about an hour to extinguish the blaze at Uncle Bill’s Pet Center on Monday …

NTSB Will Investigate Deadly 130 Vehicle-Plus Crash in Texas

National Transportation Safety Board said it would investigate a massive crash involving more than 130 vehicles on an icy Texas highway that killed six people and injured dozens more. The NTSB said on Twitter that its safety investigation would focus …

NTIS Transportation Insurance Services in California Moves to Las Vegas

NTIS Transportation Insurance Services has relocated from Laguna Hills, Calif., to Las Vegas, Nev. The California staff will now work remote. The firm has also added new staff and additional truck insurance markets. NTIS is a wholesale broker and program …

In Texas’s Black-Swan Blackout, Everything Went Wrong at Once

The finger-pointing began immediately: It was the frozen wind turbines that foolishly replaced traditional sources. No, fossil fuels were at fault. No, Texas’s deregulated power market, unique in the country, had allowed companies to skimp on maintenance and upgrades. As …

Internet of Things Devices Increase Risk of Cyber Attacks on Industrial Sector: Lloyd’s

Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd’s in partnership with cyber analytics specialist CyberCube and reinsurance broker Guy Carpenter. As cyber threats continue …

Texas Ag Industry, Food Supply at Risk from Severe Weather, Official Says

Farmers and ranchers across Texas are seeing devastating effects from the cold weather on livestock, feed and agriculture products, Texas’ top agriculture official says. In a media release, Texas Agriculture Commissioner Sid Miller warned the statewide impact of the winter …