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Montana Town Threatened by Wildfire; Hundreds Evacuate

Authorities in Montana ordered the evacuation of nearly 600 homes after a fire burning on a mountain ridge suddenly changed direction and threatened a popular destination for boaters, anglers and hikers. The fire near Seeley Lake is one of 19 …

Husband’s Death Spurs Widow’s $10M Suit Against Oregon Hospital, Doctors

The widow of a Eugene, Oregon, man who died five days before his 29th birthday seeks $10 million in a lawsuit against a hospital, doctors and physicians’ groups. The suit says Aaron Martineau died in September 2014, a day after …

Lockton Adds Eckrich in Kansas City

Joshua Eckrich has joined insurance broker Lockton’s Kansas City operation as vice president and producer. He joined Lockton from Aon where he led a team that worked with clients on complex risk management issues. A former officer in the U.S. …

How Risks Change When Recreation Turns to Adventure

Vacationers and tourists are no longer content to sit and relax; they want adventure. The global adventure tourism market is forecast to grow by as much as 46 percent by 2020, according to the Global Adventure Tourism Market 2016-2020 report …

Florida Workers’ Comp Premiums Going Down? NCCI Files for 9.6% Decrease

Just under a year since Florida workers’ compensation rates shot up by 14.5 percent, Florida businesses may get some relief in their workers’ comp premiums. The National Council on Compensation Insurance (NCCI) has recommended to Florida regulators an overall premium …

India’s Financial Hub Paralyzed by Torrential Monsoon Rains; Death Toll Rises

Two toddlers were among 14 people killed in Mumbai after floods caused by heavy monsoon rains destroyed homes and disrupted traffic in India’s financial capital, police said, but lighter-than-feared rain on Wednesday helped relief efforts. More than 1,200 people have …

A.M. Best Revises Outlook to Negative for Pennsylvania’s Eastern Atlantic Insurance

A.M. Best has revised its outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for Harrisburg, Penn.-based Eastern Atlantic Insurance Company (EAIC). The revised outlooks are due …

Marsh Names Nayler, from Aon, to Lead Financial Institutions Industry Practice

Marsh announced the appointment of David Nayler as leader of its UK Financial Institutions Industry Practice. Reporting to Charles Beresford-Davies, Risk Management Practice leader, UK & Ireland, Nayler’s employment is expected to commence in early 2018. In this role, Nayler …

China’s Fosun to Continue ‘Genuine’ Overseas M&A

Fosun International, one of China’s most acquisitive conglomerates, brushed off the impact of a crackdown on overseas dealmaking and said it welcomed Beijing’s guidelines on offshore investment, as it posted a record jump in first-half profits. After several years of …

Ascot Launches Specialty MGA, Vertical Underwriting Managers

Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will underwrite both standard and specialty P/C business as well as target …

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