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California’s Wine Industry Taking Stock of Losses After Wildfires

Although still burning, the largest fires that have devastated California wine country are mostly contained, and winemakers, winery owners, and growers began taking stock this week of what they have—and haven’t—lost. The numbers are numbing: at least 42 dead, nearly …

U.S. Warns of Hacker Attacks on Energy, Aviation, Manufacturing Industries

The U.S government issued a rare public warning that sophisticated hackers are targeting energy and industrial firms, the latest sign that cyber attacks present an increasing threat to the power industry and other public infrastructure. The Department of Homeland Security …

Once-Stable P/C Insurance Lines Face Headwinds: Guy Carpenter

While the U.S. property/casualty insurance industry is well capitalized and market sentiment is mostly positive, it still faces economic and market-based headwinds that will challenge its profitable growth going forward. In the 2017 edition of the annual report, Plotting a …

Virginia Police Say Car Fire Caused by Improvised Explosive Device

Police in Virginia are investigating after an explosive device was detonated in Williamsburg. News outlets report the device was found Thursday night in a parking lot. Firefighters and police were called to the scene near Merchants Square at about 5 …

Massive Fire Ravages Neighborhood in Maine, Destroys Six Buildings

A large fire has ravaged a neighborhood in Maine, with officials saying it destroyed six buildings and sent at least four people to the hospital. Witnesses told the state Fire Marshal’s Office they smelled smoke long before they saw flames …

AXIS Names Swiss Re’s Arora as Reinsurance CEO

AXIS Capital Holdings Ltd. announced that Steve Arora has been named chief executive officer of AXIS Re. Arora joins the company from Swiss Re where he spent 18 years in a variety of senior positions, most recently as head of …

Trump Nominee for Mine Safety Post Is Retired Coal Executive

The retired coal company executive from West Virginia chosen by Republican President Trump to oversee U.S. mining safety says his first priority is preventing people from getting hurt and that he replaced the managers of a mine plagued by safety …

AIR Worldwide Introduces Inland Flood Model for Japan

Catastrophe modeling firm AIR Worldwide has introduced a new inland flood model for Japan along with enhancements to its Japan typhoon model. These models are part of Version 5.1 of AIR’s catastrophe modeling software platform, Touchstone. The AIR Inland Flood …

UK Must Secure Brexit Transition Deal or Risk Losing Jobs: Business Leaders

The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders representing millions of workers are due to warn. In a draft letter due to be sent to …

New Hampshire’s Optisure Risk Partners Promotes Arnold

Optisure Risk Partners, a Manchester, N.H.-based insurance broker, has promoted Christopher Arnold to vice president of its Sutton James Aviation division. In this role, Arnold will continue to work with Sutton James President Jon Doolittle in overseeing carrier relations, business …

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