An Arizona man has been sentenced to 3 1/2 years in prison for selling fake insurance policies to commercial environmental businesses. Prosecutors say Brian McFarland must also pay full restitution of more than $450,000 to the 87 defrauded businesses. The …
HUB International of California has named Lynn Greene vice president of the employee benefits practice. Greene’s primary role will be the design, placement, and maintenance of healthcare programs and human-resource solutions for mid-market and large companies. Greene has more than …
The Allstate Corp., like many carriers, faced an enormous hit from natural catastrophe losses in the 2017 fourth quarter. Investment returns soared by double digits, however, and the Trump tax cuts gave it a one-time gain, helping to ensure the …
Massachusetts Attorney General Maura Healey has unveiled a new online portal to let businesses and organizations report data breaches. The Democrat said the online portal should make it easier to alert her office to the potential theft of information. Since …
Officials estimate it will cost about $300,000 to repair a Massachusetts library after a burst pipe dumped thousands of gallons of water into the building. The Pollard Memorial Library in Lowell, Mass., remains closed after a pipe broke in early …
The tony 21 Club in midtown Manhattan has been closed for renovations following a flood. The restaurant was damaged in early January after broken pipes set off fire sprinklers which sent gallons of water gushing throughout the clubby interior. The …
Alera Group, a Deerfield, Ill.-based national employee benefits, property/casualty, risk management and wealth management firm, has acquired three East region firms, effective February 1, 2018. Aisling Partners Insurance Brokerage LLC, located in Worcester, Mass., is an independent employee benefits brokerage …
Hiscox Ltd. announced that Ben Walter, the current CEO of Hiscox USA, will relocate to London to take up the newly created role of CEO Hiscox Global Retail. He will be succeeded as CEO Hiscox USA by Steve Langan, the …
Zurich Insurance Group AG overcame a record year for natural-disaster claims in the industry to deliver its first dividend increase since 2011. The shares rose the most since August 2016. Switzerland’s biggest insurer raised its dividend for 2017 by 6 …
Everest Re Group Ltd. announced that Paul Sanders has joined Everest Insurance as head of their European Credit and Political Risk insurance business. Sanders joins Everest with over 20 years of experience in the London market as a broker, underwriter, …
