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California Legislators Dodge Action as Utility Frets on Fire Costs

As California’s lawmakers debated late Friday night under the statehouse capitol dome in Sacramento, the city’s utility district kept the lights on for them. But the legislators fell short for the electricity provider. Officials at the Sacramento Municipal Utility District …

Two Counties Declare Disaster After Pennsylvania Flooding

State emergency officials are working with local authorities to help with recovery from flash flooding in south-central Pennsylvania that led to water rescues and evacuations and prompted two counties to issue disaster declarations, Governor Tom Wolf said. “…Pennsylvania experienced significant …

FBinsure Acquires Massachusetts’ Jose S. Castelo Insurance Agency

FBinsure has acquired the Jose S. Castelo Insurance Agency, an independent agency located in New Bedford, Dartmouth, and Fall River, Mass. Established in 1981 by current President Jose S. Castelo, the agency provides personal and business insurance to nearly 5,000 …

Brown & Brown of Kentucky Acquires Massachusetts’ F&I Resources

Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of F&I Resources, a Westborough, Mass.-based company specializing in helping automotive dealers form and manage reinsurance companies and drive performance …

UK MGU Bluefin Underwriting Rebrands as Victor Insurance

Bluefin Underwriting, a UK-based managing general underwriter (MGU), has rebranded as Victor Insurance. The announcement follows the larger global unification and rebrand of The Schinnerer Group to Victor Insurance earlier this year. Working solely with regional brokers and on behalf …

Averse to Owning? Auto Subscription Services Bundle Car, Insurance, Maintenance

If you already subscribe to digital services like Netflix to binge on TV shows and Spotify to groove to an endless mix of music, the auto industry might have a deal for you: Subscribe to your next car as well. …

Australia’s Financial Services Probe Highlights Need for Corporate Ethical Training

When Nick Wailes started as the head of Australia’s top-ranked business graduate school in February, he already had the idea of offering a course to address a shortfall of training in ethical leadership. A few weeks later, the country’s most …

Some Gulf Energy Production Halted by Storm Gordon

Three more oil producers pulled employees out of Tropical Storm Gordon’s path, and companies cut 9 percent of U.S. Gulf of Mexico oil and gas production on Tuesday as the storm churned toward an expected nighttime landfall. The storm, which …

Guy Carpenter Taps Sinniah from Willis Re as Head of Strategy & Client Engagement

Guy Carpenter & Co., a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced the appointment of Shaun Sinniah as head of Strategy and Client Engagement for the firm’s International and Global Specialties …

RSA Insurance Opens Luxembourg Office as Part of Brexit Preparations

RSA Insurance Group has opened its new office in Luxembourg as part of its preparations for the UK’s exit from the European Union. The office, which opened on Sept. 3, will provide a platform for RSA in Europe post-Brexit, minimizing …

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