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UK SMEs Face BI Coverage Gaps After Terrorist Events: Pool Re Report
Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption losses if there is minimal or no damage to their properties …

POSTED SEPTEMBER 26, 2017 3:49 PM
Ironshore’s New Iron-Excess MGA Is Based on Iron-Starr Excess Agency Model
Using a Bermuda joint venture between Ironshore and C.V. Starr & Co. as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes Iron-Excess as an expansion of the Iron-Starr Excess underwriting agency business …

POSTED SEPTEMBER 26, 2017 3:28 PM
Fire in Utah City Isn’t Expected to Drive up Insurance Rates
Insurance rates aren’t expected to go up in Ogden neighborhood where a wildfire destroyed three homes and caused the evacuations of hundreds. But authorities are warning the residents to be on high alert for landslides because the land is now …

POSTED SEPTEMBER 26, 2017 3:03 PM
Damage From Rare Utah Tornado Still Being Felt a Year Later
Damage from a rare tornado that ripped through a Utah county a year ago still lingers in the homes and minds of people who live in its path. The twister gutted 12 homes and damaged dozens more in Weber County, …

POSTED SEPTEMBER 26, 2017 3:01 PM
California Worker’s Family Gets $1.8M Settlement
The family of a California man who was killed when a bridge he was working on collapsed has received a $1.8 million settlement. The Press-Enterprise reported an investigation by the California Division of Occupational Safety and Health found fault with …

POSTED SEPTEMBER 26, 2017 2:56 PM
S&P Says Latest Republican Health Plan’s Flexibility for States Comes at Cost to Economy
A report by Standard & Poor’s Global Ratings said on Monday that the Senate Republicans’ latest proposed healthcare bill designed to replace Obamacare would lead to less federal funding and more flexibility for states but would cost the economy and …

POSTED SEPTEMBER 26, 2017 2:28 PM
Ex-Water Corporation Boss in New Jersey Gets 8 Years for $1M Fraud
The former head of a not-for-profit corporation formed to oversee the water services for Newark, N.J., was sentenced on Friday to more than eight years in prison for accepting nearly $1 million in kickbacks. Linda Watkins Brashear pleaded guilty in …

POSTED SEPTEMBER 26, 2017 2:13 PM
Maine’s The MEMIC Group Appoints Payne as Senior Vice President of External Affairs
Workers’ compensation specialist The MEMIC Group, based in Portland, Maine, has appointed Anthony Payne as senior vice president of external affairs. In this role, Payne will oversee corporate communications and marketing, advertising, public relations, community relations, as well as legislative …

POSTED SEPTEMBER 26, 2017 1:47 PM
Assured Guaranty to Offer Hartford Refinancing Plan to Avoid Bankruptcy
Securities insurer Assured Guaranty Ltd. said on Monday it would grant Hartford, the capital of Connecticut, a municipal bond that offers financial support, a move that could help the city avoid filing for bankruptcy. Hartford would likely seek to file …

POSTED SEPTEMBER 26, 2017 1:42 PM
Massachusetts’ AG Healey Announces Data Breach Bill Following Equifax Hack
After bringing the nation’s first enforcement action against Equifax for its failure to protect the personal information of nearly three million Massachusetts residents, Attorney General Maura Healey announced updated legislation that will better protect consumers from data breaches. The new …

POSTED SEPTEMBER 26, 2017 1:29 PM

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