West Chester, Pennsylvania-based insurance agency Element Risk Management has finalized the acquisition of Singleton Insurance in Ickesburg, Pennsylvania. Terms were not disclosed. The acquisition expands Element Risk’s footprint throughout Pennsylvania. Singleton Insurance will continue operations in Ickesburg. One owner, Vicky …
When talking about housing, “underwater” usually means you owe more on a mortgage than the home is actually worth. If climate change continues apace, that term could take on a much more literal meaning. Rising sea levels could soak homeowners for $882 billion, according to …
John Tatum has joined AXIS Insurance as executive vice president and head of U.S. Programs. In this new position, he is responsible for all programs and binding authorities for AXIS Insurance across the U.S. market. Tatum reports directly to Carlton …
A group of risk experts is proposing a new framework to improve the effectiveness of public warnings when a hurricane, wildfire, toxic chemical spill or any other environmental hazard threatens safety. Right now, “the potential for errors is high” when …
The Hartford reported net income of $216 million in second quarter 2016 ended June 30, a decrease of $197 million or 48 percent from second quarter 2015, principally due to lower property/casualty underwriting results and lower net investment income. The …
The U.S. Food and Drug Administration has ordered all blood collection centers in Florida’s Miami-Dade and Broward counties to stop collecting blood as state health department officials continue to investigate four possible cases of local transmission of the Zika virus. …
National Interstate Corp., the provider of insurance to the transportation industry, accepted majority-owner American Financial Group Inc.’s sweetened bid of $32 a share to buy the stock that it doesn’t already own. The offer values National Interstate at about $660 …
Chubb Ltd. weathered claims from major storms in Texas and other U.S. states, Canadian wildfires and earthquakes in Japan and Ecuador in the second quarter to record solid operating results Operating income at the giant insurer formed with the merger …
World Insurance Associates, an independent insurance agency headquartered in Tinton Falls, New Jersey, said it recently acquired AIV Group, an insurance agency serving the Asian community. AIV Group, in Avenel, New Jersey, was founded in 2010 by Sonali Shah, who …
A western New York man struck by a Rochester police cruiser earlier this year has filed a $7 million lawsuit against the department. The Rochester Democrat and Chronicle reported that 24-year-old Brian Norford claims in the lawsuit that police used …