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08, 2016
New Jersey’s Holman Insurance Services Acquires Risk Partners
Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquired Risk Partners Inc., a Medford, N.J., based commercial insurance brokerage and managing general underwriter. Following the acquisition, Risk Partners will continue to operate under …
18
08, 2016
Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma
Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a report issued by Swiss Re’s sigma. The economic loss total …
18
08, 2016
Guidewire to Acquire Massachusetts Software Firm FirstBest
Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting management systems for property and casualty insurers. FirstBest’s product lines …
18
08, 2016
Boston Insurance Brokerage’s Lynch Heads Opening of D.C. Office
Boston Insurance Brokerage Inc. (BIB), a provider of commercial insurance, tapped Brian Lynch, vice president of high value personal lines, to head the opening of its office in Washington D.C. Lynch initially joined the firm in February 2014 as a …
18
08, 2016
Could This New Drug Ease America’s Opioid Crisis?
So far, the fight against America’s opioid crisis has focused on treating addiction and curbing abuse. In February, President Barack Obama asked Congress for $1.1 billion to fund health care for addicts, and last month Congress allocated $181 million in grants for state programs. …
18
08, 2016
July Continued Earth’s Record-Setting Hot Streak
As more than 100,000 Americans flee destructive wildfires in California and floods in Louisiana, earth sends yet another reminder that the worst is yet to come: a new record for planet-wide heat. Last month wasn’t just the hottest July on record for the …
18
08, 2016
Americans Put Too Much Faith in Homeowners Insurance
Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent …
18
08, 2016
Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA
Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting officer. Newman has 30 years in insurance and …
17
08, 2016
OSHA Launches Expedited Whistleblower Review Pilot in Western Region
The U.S. Department of Labor is launching a pilot process in its Western region called the “Expedited Case Processing Pilot,” which enables a complainant covered by certain statutes to ask the Occupational Safety and Health Administration to cease its investigation …
17
08, 2016
Integro Taps Atlanta-Based Sandfrey to Lead Environmental Practice
International broker and risk management firm Integro Insurance Brokers has hired Tony Sandfrey to lead the firm’s Environmental practice. He will be based in Atlanta. Sandfrey, who began his career as an environmental consultant specializing in remediation systems, brings …