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Lockton Hires Sharma as COO of Southeast Operations
Insurance broker Lockton hired Manoj Sharma as chief operating officer of its Southeast operations. He is based in Lockton’s Atlanta office. Sharma succeeds Jason Richardson who recently moved to Colorado for a business venture of his own, Lockton said. At …
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Hub International Acquires Triangle Insurance in North Carolina
Insurance brokerage Hub International Limited announced that it has acquired the assets of Triangle Insurance Services Inc., an independent insurance agency based in Raleigh, North Carolina. Terms of the acquisition were not disclosed. Triangle Insurance specializes in providing property/casualty insurance …
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Agritourism Growth in Northeast Raises Concerns Over Safety, Liability
As more farms open themselves up to visitors for apple picking, hay rides and some extra income, experts are advising owners to take steps to prevent accidents — be they small or fatal. Farming is one of the more dangerous …
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Crime Investigators Warn on ‘Mystery’ Devices Used in Car Break-Ins
Law enforcement officials and theft investigators are concerned that criminals may be getting their hands on high-tech electronic devices that can be used to break into vehicles. Also, they warn, these devices could be used to start and steal vehicles, …
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Tianjin Blast, Fires Initial Insured Loss Estimates = $1.0 to $1.5 Billion
Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on Chinese media reports. Tianjin, …
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California Wildfire That Erupted Near Massive Blaze Expands
A wildfire that erupted near a destructive blaze in Northern California’s rural, rocky hills expanded farther. The blaze had burned 9 square miles by Monday afternoon, the California Department of Forestry and Fire Protection said. It broke out several miles …
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Typhoons Goni & Atsani Moving Toward Taiwan, Japan, Korea: AccuWeather Report
The AccuWeather Global Weather Center reports that two typhoons, currently located in the Eastern Pacific Ocean “will strengthen further in the coming days, as one or both could become super typhoons. Typhoon Goni battered the Mariana Islands with flooding and …
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UK Regulator Toughens Rules to Hold Insurers’ Execs Responsible for Failures
UK insurers face tougher conduct rules as the Financial Conduct Authority makes it easier to hold individuals at financial firms to account for failures on their watch. The FCA issued final rules on Thursday amending its accountability framework for firms …
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Beneficial Insurance Services Acquires Pye Karr Ambler & Co. in Pennsylvania
Beneficial Insurance Services, a subsidiary of Beneficial Bank in Philadelphia, announced that it has acquired Pye Karr Ambler & Co. Inc. (PKA), an independent insurance agency in Jenkintown, Pennsylvania. Terms of the transaction were not disclosed. Beneficial Insurance said the …
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How Google Is Becoming 21st Century Berkshire Hathaway
Google Inc. Chief Executive Officer Larry Page speaks affectionately of fellow billionaire Warren Buffett’s approach to business. With the decision to restructure the Internet-search giant, Page is putting Buffett’s influence into practice. Page on Monday said he’s restructuring Google so …
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