Flagstaff, Ariz. officials say $1 million provided by the federal government will be used for design work and related preparations for the Rio de Flag flood control project. Officials say the funding from the Army Corps of Engineers will allow …
JLT Re North America Inc. has named Tony Manzitto executive vice president in Los Angeles, Calif. Manzitto will focus on the expansion of JLT Re’s structured products team. Manzitto most recently held the positions of chief underwriting officer and chief …
Rancho Cordova, Calif.-based Western Insurance Agents Association has promoted Kou Brockhouse and Steven Pettersen to vice president. Both were member services specialists before being promoted to directors of business development at WIAA. They are members of an executive staff that …
Penn State is making changes to its Greek system, including taking control of the previously self-governing fraternities and sororities, following the February death of a pledge. The university’s board of trustees approved a set of changes during a meeting Friday. …
Connecticut officials are again re-examining how they can dissuade companies like General Electric and now possibly insurance giant Aetna from relocating to places considered more innovative. A string of state budget deficits, state and local tax policies, as well as …
Connecticut Governor Dannel P. Malloy sharply criticized the Connecticut Senate for unanimously passing legislation early Friday that creates a new mandate for health insurers, arguing the bill shows a “lack of awareness and blatant disdain for the industry’s expertise.” The …
The Andrew Agency, a Richmond, Va.-headquartered insurance broker, has acquired Wood Insurance, effective June 1, 2017. Terms of the transaction were not disclosed. Also based in Richmond, Va., Wood Insurance specializes in commercial and personal lines property and casualty insurance. …
AlphaCat Managers Ltd., the Bermuda-based subsidiary of Validus Holdings Ltd., announced the appointment of Bernard Van der Stichele to the position of portfolio manager for AlphaCat. In this new role, Van der Stichele will report to Lixin Zeng, chief executive …
A South Dakota meat processor’s $5.7 billion defamation lawsuit against American Broadcasting Companies Inc., which opens Monday, pits big agriculture against big media, and is a first major court challenge against a media company since accusations of “fake news” by …
Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell by 5.1 percent this year. This …
