November 8, 2019
Auto burglaries and thefts affect over 250,000 motorists each year in Texas resulting in more than $1 billion in losses according to the Motor Vehicle Crime Prevention Authority (MVPCA). Now through a program sponsored by the Insurance Council of Texas, …
November 8, 2019
Plaintiffs and defendants reached a settlement over a deadly Honolulu high-rise fire, although the amounts to be paid by insurance companies remains confidential, attorneys said. A settlement conference concluded Tuesday regarding the July 2017 Marco Polo building fire that killed …
November 8, 2019
A Southern California school district will pay $28.5 million in damages after a boy with special needs was hit by a car and severely injured while under the supervision of school personnel, attorneys said. A judge determined the Victor Elementary …
November 8, 2019
A new federal report into last year’s fatal crash involving a self-driving car in suburban Phoenix says the Uber vehicle couldn’t anticipate the actions of jaywalkers. The National Transportation Safety Board report also says the SUV wasn’t designed to slam …
November 8, 2019
Pacific Gas & Electric is reporting substantial losses for the third quarter, driven by catastrophic wildfires that have been blamed on the utility’s outdated transmission lines. The company anticipates those costs could escalate to as much as $6.3 billion. PG&E …
November 8, 2019
Hub International Ltd., a Chicago-based insurance broker, announced it has acquired the assets of W.R. Carey Corp. Terms of the transaction were not disclosed. Located in Winnipeg, Manitoba, Canada, Carey Corp. is an independent employee benefits consulting firm providing a …
November 8, 2019
Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report. The storm made landfall in Japan’s Iza Peninsula …
November 8, 2019
Element Risk Management has acquired three new insurance agencies in Virginia and Pennsylvania. Barnes & Phillips Insurance & Financial Services of Woodstock, Va., Crawford Insurance Company of Strasburg, Va., and Brenner Insurance in Hollidaysburg, Penn., are now part of the …
November 8, 2019
Cook Maran, headquartered in Melville, N.Y., has hired 18-year insurance veteran Chris Anzelone as a client advisor. He will operate out of the Cook Maran location in Melville. Anzelone previously served as director of Sales and Acquisitions at Davenport Financial …
November 8, 2019
Allianz Partners, a Henrico, Va.-based insurance company, has hired Jeff Wright as chief financial officer and Jim O’Connor as head of Operations. Wright succeeds Diane Babson, who took an assignment with another Allianz Partners business unit, while O’Connor fills a …