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The Graham Company Becomes 100% Employee Owned

After more than 50 years in business, The Graham Company, a Philadelphia, Penn.-based insurance and employee benefits broker, has become 100% employee owned through an employee stock ownership plan (ESOP). This move serves to further the firm’s strategy of remaining …

No Joke: Snow Hits Northern New England on April Fools’ Day

People across northern New England woke up to a foot of heavy, wet snow on parts of the region Saturday and conducted weekend business as more fell throughout the day. The storm caused power outages and numerous highway accidents. By …

Connecticut State Workers Won’t Get Part of $94M Stock Windfall

Connecticut state workers and retirees will not get part of a $94 million stock windfall received by the state in 2001 and then used to help fill a budget gap. The state Supreme Court on Friday rejected the workers’ appeal …

Pennsylvania Businesses to See Workers’ Comp Insurance Rate Cut

Pennsylvania businesses will see another cut in workers’ compensation insurance rates while maintaining benefit levels for injured workers, Wolf Administration cabinet secretaries for the Pennsylvania Insurance Department and Labor & Industry announced. Insurance Commissioner Teresa Miller and Labor & Industry …

PMA Companies Names Santulli President, Chief Operating Officer

PMA Companies, part of the Old Republic General Insurance Group, has appointed John Santulli as president and chief operating officer. He will be responsible for leading the operations of the Blue Bell, Pa.-based PMA Companies Insurance and third party administrator …

Hylant’s Timmel Joins Safety National to Lead Cyber Insurance Development

Spencer Timmel, has joined Safety National as national director of Cyber and Technology. In his new capacity with Safety National. Timmel will be responsible for leading Safety National’s effort to become a provider of cyber liability and other related coverage. …

Global Momentum to Curb Climate Change Proceeds Despite Trump: UN

Governments have created “worldwide momentum” to slow climate change despite threats by U.S. President Donald Trump to pull out of the 2015 Paris Agreement to slash greenhouse gas emissions, the U.N.’s climate chief said on Friday. “The Paris Agreement remains …

CFC Underwriting Upgrades Global Cyber Product

Specialist lines underwriting agency, CFC Underwriting, has launched a revamped and upgraded cyber insurance product for global markets. The new look product provides includes the provision of first party cover on an “each and every claim” basis, said CFC Underwriting, …

New Zealand Eyes Revamping Building Standards After November Quake

New Zealand’s government said Friday [March 31] the partial collapse of a modern office building’s interior during an earthquake last November was unacceptable and could have killed people. Minister for Building and Construction Nick Smith said officials will review the …

City of London Will Survive Brexit – Even if Many Jobs Move to Continent: Official

The City of London should emerge largely unscathed from Brexit even though thousands of banking and insurance jobs could move to the continent, the financial district’s policy chief said. The “City” or “Square Mile,” home to over 250 foreign banks …

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