News

Brit Global Specialty Adds Nationwide’s Mocio to U.S. Cyber Team

Brit Global Specialty has appointed Courtney Mocio as vice president, Cyber & Technology. In this role, Mocio will be responsible for helping to grow Brit’s cyber and technology portfolio in the U.S. Mocio brings a track record of underwriting network …

Suit Filed in California Against Weinstein Co. for Failing to Control Harvey

The Weinstein Co. faces its first lawsuit accusing the company of failing to control ousted co-founder Harvey Weinstein, in a case brought by an actress who claims he sexually assaulted her. Dominique Huett said the company “knew or should have …

Yankees Deflect Foul-Ball Case as Court Upholds Century-Old Rule

At least the Yankees won something. As the team prepares to watch the Astros play the Dodgers in the World Series, its ownership can take solace in winning a court challenge to a century-old legal doctrine that prevents fans from …

One of Hartford’s Biggest Bondholders Doesn’t Foresee a Default

One of Hartford, Connecticut’s biggest bondholders isn’t too worried the distressed capital city will default on its debt. Lyle Fitterer, the head of municipal securities investments for Wells Fargo Asset Management, said in an interview that Hartford has options for …

UK-Based MGA Nexus Group Buys Trade Credit Broker, Credit Risk Solutions

Independent specialty managing general agent Nexus Group announced it has acquired Credit Risk Solutions Ltd. (CRS). Established in 2003, CRS is an independent specialist trade credit broker operating with headquarters in Halifax and offices in Manchester and Birmingham, England. Details …

Insurance Customers Slow to Adopt Mobile Claims Apps: J.D. Power

Despite a nationwide advertising blitz for mobile auto insurance apps and widespread use of digital channels to purchase insurance, U.S. auto insurance customers have been slow to adopt digital claims reporting, according to the research firm J.D. Power. Authors of …

RMS Opens Office in Sydney to Support Client Growth in Australia, New Zealand

RMS, the Newark, Calif.-based global risk modeling and analytics firm, has opened a new office in Sydney, Australia, as part of its drive to support clients’ expansion in the Australian and New Zealand markets. The focus will be to help …

Maine’s MMG Insurance Hires Tawfall as Vice President of Personal Lines

MMG Insurance, a Presque Isle, Maine-headquartered regional property and casualty insurance company, has hired Eric Tawfall as its new vice president of personal lines. Tawfall will be relocating from Illinois to Northern Maine to oversee responsibilities from MMG’s corporate headquarters …

Willis Towers Watson Hires Toner as CRB Market Leader for New England

Global insurance advisor Willis Towers Watson has hired Mike Toner as Corporate Risk and Broking (CRB) market leader for New England, which includes offices in Boston and Billerica, Mass; Hartford, Conn.; Burlington, Vt.; and Buffalo, N.Y. In this role, he …

Senate Joins House in Passing $36.5B Disaster Aid with Flood Insurance Funds

The Senate sent President Donald Trump a $36.5 billion hurricane relief bill Tuesday that gives Puerto Rico access to $4.9 billion in low-interest Treasury loans, amid concerns that recovery efforts from the recent disasters will require significantly more funding. The …

News Archives by Month