AmTrust International, the UK and International arm of New York-based insurer AmTrust Financial Services, Inc., announced two key senior underwriting appointments to its Specialty Team. Dean Kiernan joins the Professional Indemnity Team as a senior underwriter, while Donna Stroulger joins …
Arthur J. Gallagher & Co. has acquired Jenkintown, Penn.-based Premier Brokerage Services Inc. Terms of the transaction were not disclosed. Founded in 1995, Premier is a high-net-worth focused life insurance wholesale agency offering primarily permanent and term life insurance, annuities …
A late October cyber attack on the computer systems of the University of Vermont Medical Center is costing the hospital about $1.5 million a day in lost revenue and recovery costs, its CEO said. The Oct. 28 attack crippled the …
AM Best has upgraded the financial strength rating (FSR) to A+ (superior) from A (excellent) and the long-term issuer credit ratings (long-term ICR) to “aa-” from “a+” for the members of Concord Group Insurance Companies, which is led by Concord …
The board of directors for Union Mutual Insurance Company voted at their December meeting to promote Jeff Pryce to the role of vice president of claims. The promotion is effective January 1, 2021. Pryce is based in the company’s Montpelier, …
It will soon be illegal in Virginia to hold a phone while driving. WAVY-TV reported that the new state law takes effect in January. Authorities say that making the practice illegal and enforceable is an important step toward reducing deaths …
RMS estimates insured losses from the record-breaking western U.S. wildfires this season will be between $7 and $13 billion. These losses reflect estimates as of Dec. 1. The ignition of the highly damaging Glass Fire and additional spread of the …
The Environmental Protection Agency said it has completed the cleanup of household hazardous waste from properties burned in Oregon wildfires. The September fires led to an initial EPA response in Jackson County, which quickly expanded to Clackamas, Douglas, Klamath, Lane, …
The state has levied a large fine against a Graham gym that is defying Washington Gov. Jay Inslee’s orders meant to slow the spread of the virus. Graham Fitness was accused of eight violations totaling $77,112 by the state Department …
Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. If there is one big problem in the insuring cannabis space – where issues include …