Commercial property insurer FM Global is creating a new division within the company to further strengthen its focus on serving the property risk management needs of the forest products and chemical industries. James P. O’Brien, a 31-year veteran of the …
After five years filled with unprecedented flooding, South Carolina has now established an office to marshal the state’s efforts in stemming floodwaters and coordinating recovery and relief efforts. Governor Henry McMaster held a ceremonial signing Tuesday in Charleston to commemorate …
The state of North Carolina sued on Tuesday to seek financial damages from companies associated with so-called “forever chemicals” released for decades from a Bladen County plant into the Cape Fear River. Attorney General Josh Stein, who is also a …
Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic, and said no stablecoin operation should start until it is properly regulated. In a joint statement, the finance officials of …
Graham Company, a Philadelphia, Penn.-based insurance and employee benefits broker, has appointed John Baxter to senior vice president of Employee Benefits. In this role, Baxter will be responsible for leading the operations and strategic direction for the Employee Benefits Division. …
The Tennessee Department of Commerce & Insurance (TDCI) has promoted Jonathan Habart to the role of Captive Insurance Section assistant director. As a TDCI team member since 2016, Habart recently served as a TDCI Captive Insurance specialist, which included work …
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” from “a-” of Arbella Mutual Insurance Company and its three pooled insurance entities, Covenant Insurance Company in Farmington, …
The Hilb Group LLC (THG) has acquired Maryland-based Insurance Solutions (ISI). The transaction became effective on October 1, 2020. Founded in 1989, ISI is a full-service employee benefits agency with expertise in group health and dental, life and disability and …
Active enforcement against foreign bribery has dropped sharply since 2018, and three places – China, Hong Kong and India – did not open a single foreign bribery investigation from 2016 to 2019, a new report by watchdog Transparency International found. …
Andy Massingham will be joining reinsurance broker Lockton Re as a senior broker as part of the Marine & Energy Division. He will be based in the London office. Massingham will join from Guy Carpenter which he joined in 2019 …
