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Alliant Hires New York’s Hessel as Senior Vice President

Alliant has hired New York’s CJ Hessel as senior vice president. In this role, Hessel will provide customized risk and insurance solutions engineered to address industry-specific risks for clients across the region. Hessel joins Alliant with a background that includes …

Twitter Says Users’ Phone Numbers Exposed by Flaw in Contacts Upload Feature

Twitter said on Monday that it had discovered attempts by possible state actors to access the phone numbers associated with user accounts, after a security researcher unearthed a flaw in the company’s “contacts upload” feature. In a statement published on …

FDA Hearing to Address Testing of Talcum Powders, Cosmetics for Asbestos

For the first time in nearly 50 years, the U.S. Food and Drug Administration will examine asbestos testing for talc powders and cosmetics at a hearing on Tuesday. Regulators are taking a closer look after finding asbestos, a known carcinogen, …

Update: Airline Flight Cancellations Due to Coronavirus

Feb 4 – Airlines are suspending flights to China in the wake of the new coronavirus outbreak. Here is the latest on their plans (in alphabetical order): AIR CANADA Air Canada said on Jan. 28 it was canceling select flights …

The Unique Requirements of a Lloyd’s Syndicate-in-a-Box

Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional syndicates. The first company to announce the launch of an SiaB …

Lloyd’s 1st Syndicate-in-a-Box, Operated by Munich Re, Aims to Be an Innovation Lab

Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost base of the market. One …

Credit Ratings of National Lloyds, American Summit Insurance Under Review

AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Texas-based National Lloyds Insurance Co. (National Lloyds). Concurrently, AM Best has placed under …

Nelson Joins RHSB in Texas as Vice President

Roach Howard Smith & Barton (RHSB), an independent insurance brokerage firm based in North Texas, has added Lucas Nelson as vice president in the agency’s Commercial Property/Casualty sales practice. Nelson has more than four years’ experience in insurance sales for …

South & Western to Service AmTrust Farm/Ranch Business in Oklahoma, Texas

South & Western General Agency Inc., with offices in Addison, Texas, and Memphis, Tennessee, has reached an agreement with AmTrust to underwrite and service AmTrust’s Farm and Ranch business in Oklahoma and Texas. The effective date for the transition of …

AM Best Upgrades Ratings of The Cincinnati Insurance Co.

AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” from “aa-” and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of The Cincinnati Insurance Co. (CIC), and its three subsidiaries — The Cincinnati Indemnity Co., …

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