News

Weather Co. Updates Atlantic Hurricane Season Forecast

In its second seasonal tropical forecast for the North Atlantic basin for the 2017 season, IBM’s The Weather Co. said it now expects a total of 14 named storms, seven hurricanes, and three major hurricanes, a slight increase in activity …

Petplan Australasia Announces Affiliation with MS Amlin

Petplan Australasia announced that MS Amlin Syndicate 2001 of Lloyd’s will become the new underwriter of its pet insurance plans in Australia – a move that is designed to enhance policyholder benefits with broader coverage and more plan choices. Petplan …

Private Equity Firm Carlyle Sues Insurers Over Oil Losses

Julia Payne U.S. private equity firm Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco’s sole refinery went bankrupt two years ago, court documents show. Carlyle claims in …

Underwriting Agency, CFC, Partners with Kidnap Response Expert EOS Risk

Lloyd’s managing general agency CFC announced it has formed a partnership with risk management and security consultant, EOS Risk. EOS Risk joins red24 and S-RM on CFC’s panel of security companies that specialize in global kidnap and extortion incidents. “Highly …

New Hampshire Governor Requests Disaster Assistance for March Storm

New Hampshire Republican Gov. Chris Sununu has requested that President Donald Trump issue a major disaster declaration and provide federal emergency assistance for the blizzard and severe winter storm that happened in mid-March. Sununu said that eight of the state’s …

New Jersey’s NJM Promotes Livingston, Elects New Board Chairman

NJM Insurance Group, a West Trenton, N.J.-based property and casualty insurer, has promoted Mitchell A. Livingston, Esq., to chief operating officer (COO), making him the first in the company’s 104-year history to hold the position. Livingston will also assume the …

New York Construction Company Owner Indicted for Manslaughter

The owner of a Bedford-Stuyvesant construction company and his businesses have been indicted on manslaughter and other charges after a wall collapsed at an excavation site, killing one construction worker and injuring two others. “Construction site deaths such as his …

Pennsylvania’s IA&B Announces New CEO Following Russell’s Retirement

Insurance Agents & Brokers (IA&B), a Mechanicsburg, Penn.-based professional trade association, will have a new president and CEO at the helm beginning in January 2018. Deputy CEO and Counsel Jason Ernest will take the reins from Rick Russell, who will …

UK Firms Choosing Luxembourg as Brexit HQ May Find Lifestyle Differences

Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. While many find the Grand Duchy a multilingual paradise, would-be expats are …

Crewless Ships: Safer, Faster, Cleaner, Cheaper Future of Shipping – Opinion

It sounds like a ghost story: A huge cargo vessel sails up and down the Norwegian coast, silently going about its business, without a captain or crew in sight. But if all goes as planned, it’s actually the future of …

News Archives by Month