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Agencies Focus on Growing Larger Accounts: Channel Harvest Survey

Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and cosponsored by Channel Harvest Research and Insurance Journal. …

Lawsuit Against Connecticut Bar Seeks More Than $50K in Damages After Fatal Crash

Relatives of a Waterbury, Conn., man who died in a car crash that also killed the wife of longtime ESPN broadcaster Chris Berman has filed a lawsuit against a Connecticut restaurant. A lawyer for the restaurant declined comment on the …

Pastor Pleads Guilty to Setting Fire to His Washington D.C. Rental Apartment

The pastor of a Baltimore, Md., church has pled guilty to setting fire to an apartment he rented in Southeast Washington in a plan to collect insurance money. Jamel Carelock, the pastor of Lead Church, pled guilty in the Superior …

UK, EU Officials Drop October Deadline for Brexit Divorce Deal: Sources

The UK and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely. They now aim to finalize …

Hiscox Appoints Peterson as Miscellaneous Professional Liability Product Head in N.Y.

Hiscox, an international specialist insurer, has appointed Tyler Peterson to miscellaneous professional liability product head in New York. Peterson joined Hiscox in 2012 as a professional risks underwriter and most recently drove product development and expansion across Hiscox UK’s Media …

Travelers’ Chapman to Lead IAT’s New Surety Unit After IFIC Acquisition

IAT Insurance Group has hired Ken Chapman as executive vice president, Surety, to lead IAT’s new surety business following IAT’s acquisition of IFIC Surety Group that is expected to close in the third quarter. Chapman will join the company’s leadership …

Barnes & Noble Calls Fired CEO’s Defamation Claims ‘Lies and Mischaracterizations’

Barnes & Noble Inc. was sued on Tuesday by a former chief executive officer who said the largest U.S. bookstore chain falsely accused him of violating its sexual harassment policy before firing him after 14 months on the job. In …

Litigation Financing Emerges as Alternative Asset Class for Wealthy Investors

When shares of AMP Ltd. plunged earlier this year after the firm was engulfed in a fee-for-no-service scandal, the Australian wealth manager was hit within weeks by the first of five separate class action lawsuits. It wasn’t just the seriousness …

THB Announces New Strategy, Leadership for UK Wholesale Broking Operation

THB, the London-based specialist insurance and reinsurance broker, announced new leadership and a new multi-sector strategy for THB UK Risk Solutions, its wholesale broking operation which places UK risks on behalf of some 1300 brokers. Declan Durkan, who joined THB …

Google Partners with Indian Banks to Attract Users to Its Digital Payments Services

Alphabet Inc’s Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital …

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