The risk management society RIMS announced that Nowell R. Seaman will lead the group as president for the 2017 term, effective January 1. Seaman is the director of Global Risk Management for Potash Corporation of Saskatchewan Inc. He has been …
Tesla Motors Inc. was sued by a Model X owner in California who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner’s living room, injuring the driver and a passenger. …
Hull & Co., a wholesale insurance subsidiary of giant Brown & Brown, has acquired the commercial managing general agency operations of Insurance House. Insurance House is an MGA and wholesale insurance broker offering commercial and personal lines insurance products to …
An office building in Norwich that houses seven businesses has been destroyed by a fire. The Norwich Bulletin reports that fire officials say the fire started around 3:30 a.m. Saturday on West Main Street. The East Great Plain Fire Department …
Authorities say two people killed and several people were hurt after a large apartment building caught fire in Holyoke. Officials say the blaze broke out on Sunday morning with flames visible on the third, fourth and fifth floors. Fire Capt. …
The Hartford has signed a reinsurance agreement effective Dec. 31, 2016 with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., for a $1.5 billion aggregate excess of loss reinsurance agreement covering certain of The Hartford’s asbestos and environmental …
The Andrew Agency, a Richmond, Va., headquartered insurance broker, has acquired Wallace & Wallace, a Cabin John, Md., based provider of commercial and personal lines property and casualty insurance for high net worth clients. The acquisition is effective January 1, …
New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people with criminal convictions. The regulation, called Insurance Regulation 209, serves …
Wells Fargo & Co. settled a dispute with a group of black brokers claiming the bank failed to give them the same career opportunities as their white colleagues. The bank will pay $35 million to more than 500 financial advisers …
Marsh, the wholly owned subsidiary of Marsh & McLennan Cos., said it has completed the previously announced acquisition of Bluefin Insurance Group Ltd., a subsidiary of AXA UK plc, from AXA Group. Founded in 2008, Bluefin has approximately 1,500 colleagues …
