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Arizona Wildfire That Forced Evacuations Now Partial Contained
A wildfire in Arizona that has grown to more than 6,000 acres and forces hundreds to evacuate is now 40 percent contained, fire officials say. The Willow fire in Mohave Valley is being battled by more than 300 firefighting personnel. …
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A.M. Best: Sanctions Removal to Attract Re/Insurers to Iranian Market
The lifting of trade restrictions placed on Iran may present significant opportunities for the Middle East and North African (MENA) re/insurance market, with European participants also expected to re-engage and seek a foothold in the country, according to research published …
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Attorney: Hail Claims ‘Cottage Industry’ Bad News for Texas
The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property insurers, it puts insurance consumers at risk as well, says a …
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Hub International Acquires Doctors Insurance Services of New England
Insurance brokerage Hub International Limited announced today that it acquired the assets of Doctors Insurance Services of New England (DISNE). Terms of the acquisition were not disclosed. Based in the Boston suburb of Holliston, Massachusetts, DISNE specializes in providing personal …
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Price Tag from Spring Severe Weather Adding Up in Oklahoma
The rain has stopped falling and the triple-digit heat of an Oklahoma summer has finally arrived, but state emergency managers are still adding up the price tag for repairing roads, bridges and other public infrastructure damaged by severe storms and …
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GUARD, Eyeing Expansion, Names Hitt as Executive VP for Property/Liability
Workers’ compensation insurer Berkshire Hathaway GUARD recently named Lyle Hitt as executive vice president of Property and Liability Insurance as the company plans to expand. In his new role, Hitt will oversee activities related to lines of coverage used to …
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Marsh Acquires South Carolina-Based Technology Provider Dovetail Insurance
Marsh has signed a definitive agreement to acquire Dovetail Insurance, a provider of insurance technology services tailored to the U.S. small commercial market. Terms of the transaction, which is expected to close in the third quarter, were not disclosed. Based …
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Alliant in California Names Bennetsen to Lead Middle Market Division
Newport Beach, Calif.-based Alliant Insurance Services has named Robert Bennetsen to lead its Alliant Americas division as executive vice President and senior managing director. Bennetsen will spearhead Alliant’s effort to expand its presence in the middle market through strategic acquisitions …
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$1M in Jewelry, Gems Stolen from Antique Show in Illinois
A vendor reported more than $1 million worth of jewelry and gems stolen during a weekend antique show in Peoria, Ill., according to police. The theft was reported Aug. 9 after the reopening of the Mid America Antique Show and …
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ACE Appoints Wazen as Head of North Africa
ACE Group has appointed Ghassan Wazen, currently regional business development manager for ACE in MENA, to the new role of head of North Africa, as it continues to build its management capabilities within Eurasia and Africa, its newest geographical business …
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