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Flood Insurance Program Warns Flagstaff About Post-Fire Flooding

The Federal Emergency Management Agency’s National Flood Insurance Program is telling people in the Flagstaff area affected by a recent fire that they should protect their homes and families from flash flooding caused by summer rains. The agency says that …

To Date, Wildfires Are Burning 3 Times More of California Than in 2017

California’s wildfires are now burning through land at a pace more than three times faster than last year’s blazes. About 4,200 fires have charred 726,000 acres (294,000 hectares) in the state so far this year, according to figures from the …

Mag 6.4 Earthquake Hits Alaska’s North Slope Region

Alaska’s North Slope was hit Sunday by the most powerful earthquake ever recorded in the region, the state’s seismologist said. At 6:58 a.m. Sunday, the magnitude 6.4 earthquake struck an area 42 miles (67 kilometers) east of Kavik River Camp …

Pennsylvania’s The Beacon Group Announces Senior-Level Promotions

The Beacon Group of Companies, an independent financial services firm, has announced senior-level promotions within its Institutional Retirement Plan Practice. Mark W. Schatzel has been promoted to the role of managing director of retirement plan sales and services. Schatzel will …

Build vs. Buy an Agency: Organic Growth in Rising Interest Rate Environment

Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play when agents want …

Icahn Halts Bid to Block Cigna’s Takeover of Express Scripts

Activist investor Carl Icahn has dropped his fight to block Cigna Corp.’s $54 billion acquisition of Express Scripts Holding Co. after two prominent shareholder advisory firms came out in support of the deal. Institutional Shareholder Services Inc. and Glass Lewis …

Tesla CEO Musk Just Made It Easier for Shareholders to Sue: Viewpoint

On Monday morning, six days after Tesla CEO Elon Musk tweeted that he was thinking about taking the company private at $420 a share, with “funding secured” for the transaction, Tesla published a blog post in which Musk clarified his …

Bus Hits Overpass at Newark Penn Station, Dozens Injured

A bus hit an overpass at Newark’s Penn Station, peeling back part of its roof and injuring dozens of passengers. Officials say about 50 people were on the bus, which was headed to New Jersey from Washington, when it hit …

Officials Say Underground Fire at Pennsylvania Glass Plant May Be Spreading

Officials fear that an underground coal refuse fire at the site of a soon-to-be-shuttered glass factory in western Pennsylvania may be spreading. Workers say fire was seen shooting up through the ground behind the Pittsburgh Glass Works plant in East …

XL Catlin Expands M&A Underwriting Team with Khalidi and Jensen

XL Catlin insurance operations recently added Naveed Khalidi and Michelle Jensen to its team of Mergers and Acquisitions (M&A) insurance underwriters. Khalidi joins XL Catlin from Allied World Assurance Co., where he most recently held the position of senior underwriter …

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