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Gallagher Signs Plans to Buy Controlling Stake in Colombian Broker Guianza
Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros (Guianza), subject to regulatory approval. The remaining …
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N.Y. Yankees to Offer Fans Biometric Identity Service for Faster Stadium Entry
Yankee Stadium visitors soon will be able to avoid long security lines by registering their fingerprints with a biometric identity service used at 12 U.S. airports. Starting Friday night against the Toronto Blue Jays, visitors to the Bronx, New York, …
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Typhoon Soudelor Nears Taiwan; China Next in Line: AccuWeather Report
AccuWeather has reported that “powerful Typhoon Soudelor will bring both flooding rainfall and damaging winds to Taiwan as the storm remains on a collision course with the island.” The report noted that “even though Soudelor has weakened, it remains a …
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Uber Driver Case Tests ‘Sharing Economy’ Business Model
The most serious challenge to Uber Technologies Inc.’s “Be your own Boss” business model might also present an early test to the wider sharing economy as well as undermine its own $50 billion valuation. The immediate battle comes Thursday in …
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Mississippi Insurance Commissioner Chaney Wins Republican Nomination
Second-term incumbent Mike Chaney of Vicksburg has won the Republican nomination for insurance commissioner. He held off a challenge Tuesday from John Mosley, a body shop owner from Clinton. Mosley campaigned, in part, by saying insurance companies have gotten away …
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N.J. Regulators Recovered $15.7M for Consumers in Fiscal Year 2015
The New Jersey Department of Banking and Insurance (DOBI) recovered more than $15.7 million for consumers in fiscal year 2015 which ended June 30, according to an announcement today by Acting Commissioner Richard J. Badolato. DOBI recovered $15.02 million from …
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Environmental Groups Concerned Over Renewed Oil Hunt in Florida
Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state’s regulation of the oil and gas industry. A Miami company, Kanter Real Estate LLC, has submitted a permit application to drill an exploratory oil …
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AIG Insurance Results Down in Q2
American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Compared to the prior-year quarter, second quarter 2015 net income declined …
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Burns & Wilcox Brokerage Hires NAPCO Exec Moskie as VP in New York
Burns & Wilcox Brokerage hired Philip Moskie as vice president of Property Brokerage for its New York City office. Moskie brings nearly two decades of wholesale brokerage experience to the role. He most recently served as senior vice president at …
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Las Vegas-Area Water Park Sued Over Boy’s Injuries
The parents of a 6-year-old boy who was pulled from a wave pool at a Las Vegas-area water park have filed a lawsuit claiming that the boy now has severe neurological impairments. The lawsuit filed Tuesday in Clark County District …
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