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Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P
Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we expect most of the affected …
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Willis Completes Acquisition of Australia’s CKA Risk Solutions
Willis Australia, part of Willis Group Holdings plc, announced the completion of its acquisition of CKA Risk Solutions. The announcement noted that “CKA is a leading independent broker based in Perth with a strong focus on medium to large-sized corporates, …
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Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report
“Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take Flight.” The report describes the “drones sector” as a”dynamic and important component of …
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A.M. Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast
As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor vehicle …
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Lawsuit Presses Costco Liability for Thailand Fishing’s Slave Labor
Costco Wholesale Corp. was sued for selling farmed shrimp from Thailand, where slave labor and human trafficking in the fishing industry are widespread, and allegedly misleading U.S. consumers about it. A California woman filed what may be the first such …
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New U.S. Satellite Aims to Unlock Mysteries of Hurricanes
Hurricanes hold lots of secrets. Unlocking them can help forecasters predict the next steps the deadly storms will take. That, in turn, will help improve computer forecast models and give meteorologists a better understanding of each system. As the forecasting …
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ACE Commercial Expands Small Business Specialty Offerings Online
ACE Commercial Risk Services (ACE CRS) announced several new products that expand its suite of specialty commercial products for small businesses. The products are available through ACE Solutions Fast Track, an online small business underwriting and quoting platform. The new products and …
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Uber Headache if More Drivers Want Full-Time Status
Thousands of new full-time workers would spring into existence if Uber is forced to stop treating some of its drivers like contract workers, and the benefits that come with that employee status may entice part-time rideshare drivers to beef up their …
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Illinois Agencies AAdvantage Insurance, Premier Insurance Merge
AAdvantage Insurance Group in Glen Carbon, Ill., led by founder Dave Viox, recently announced a merger with Premier Insurance Associates located in Edwardsville, Ill. Vince and Deb Valesano, former owners of Premier Insurance Associates, will also join AAdvantage Insurance Group. …
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Texas’ TCOR Management Forms New Agency, TIA-TCOR
TCOR Management, based in New Braunfels, Texas, announced it has formed a new insurance agency, TIA-TCOR LLC, dba Texas Insurance Agency. With Ben Reedy as principal, San Antonio-based TIA-TCOR provides insurance, risk management, surety and employee benefits to organizations across …
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