News

McGowan Purchases Assets of Massachusetts’ NAPLIA

The McGowan Companies (McGowan), a Fairview Park, Ohio-based company offering specialized insurance programs, has purchased the assets of Framingham, Mass.-based North American Professional Liability Insurance Agency LLC (NAPLIA), effective April 1, 2017. In the near future, NAPLIA will be re-branded …

Risk Strategies Company Hires Two to Employee Benefits Practice in New York

Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has hired Kate Genovese and Pauline Sobelman to its employee benefits practice group. Sobelman joins as senior vice president in the group, and Genovese joins as senior …

RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit

Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has joined RSG as president and CEO of the specialty …

AXA Joins Growing List of Companies Committed to Using Renewable Energy

AXA SA and Burberry Group Plc are joining an array of companies committing to going green. Burberry expects to source all of its electricity from clean energy by 2022, while Copenhagen-based international brewing company Carlsberg A/S plans to switch to …

Wells Fargo Nears $142 Million Consumer Settlement Over Fake Accounts

A California judge has granted a preliminary approval for Wells Fargo & Co.’s agreement to pay $142 million, and perhaps more, to customers whose credit scores were harmed by its employees creating fake accounts in their names, the bank said …

Banks Blast Rule Exposing Them to Consumer Class Actions

U.S. banks and credit card companies could be prevented from blocking customers from banding together to sue them under a rule released by the country’s consumer finance agency on Monday. In releasing the rule, which goes into full effect in …

More Senior Citizens Working Past Retirement Age

More and more Americans are spending their golden years on the job. Almost 19 percent of people 65 or older were working at least part-time in the second quarter of 2017, according to the U.S. jobs report released on Friday. …

Kentucky Reduces Number of Coal Mine Safety Inspections to Cut Costs

Kathy Bartlett watched helplessly this spring as Kentucky lawmakers cut back on mine safety inspections and replaced them with coaching sessions on miners’ safety habits. She knows more than most what’s at stake. Bartlett’s son, Rickey Thorpe, was crushed to …

5 Diagnosed With Legionnaires’ From Graceland Hotel Outbreak

Health officials say five people have been diagnosed with Legionnaire’s disease in connection with an outbreak at the hotel at Graceland. The Shelby County Health Department said last week four people were diagnosed with the illness after staying at The …

Report: The Southeast’s Storm Surge Risk and Florida’s Hurricane Wake-Up Call

The Southeast has seen its fair share of natural disasters and flooding in the last several years, including two hurricanes in Florida last year – the first hurricanes to hit the state in more than a decade. But none of …

News Archives by Month