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New Empire Group Expands Program for Property Managers
New Empire Group has expanded its property managers’ portfolio to include coverage for real estate agents & brokers, real estate consulting, construction management, asset management, property preservation, escrow agents, bookkeepers and more. New Empire Group’s professional liability program for property …
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ART Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author
Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …
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Oklahoma Supreme Court: Oil Firms Can Be Sued over Quakes
New Dominion LLC can be sued by an Oklahoma woman injured when her fireplace fell on her during an earthquake that she blames on disposal wells tied to fracking. The June 30 ruling by the Oklahoma Supreme Court reversed a …
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Corbett to Join Hyperion Insurance Group as Group CFO
Hyperion Insurance Group, the London-based insurance and reinsurance intermediary group, has announced that Oliver Corbett will join the group as CFO. Corbett, currently interim CFO at Towergate, will take up the role in August, subject to regulatory approval. After seven …
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Iowa Governor Extends Bird Flu Disaster Proclamation
Iowa Gov. Terry Branstad has extended a state of disaster emergency through July 31 in response to the bird flu outbreak in the state. The declaration was the second extension of the original disaster proclamation. It otherwise would have expired …
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Willis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal
Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation that he was entitled to get. “Dominic Casserley will not receive a …
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Propel Insurance Acquires Ross & Associates in Oregon
Propel Insurance has acquired Portland, Ore.-based Ross & Associates Insurance Services Inc. Terms of the deal were not disclosed. Ross & Associates provides business and personal insurance, including builder’s risk, professional liability employee benefits, workers’ compensation and bonding. Propel is …
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Insight Risk Management Adds 3 Staff Members to Nashville Office
Insight Risk Management’s Nashville branch, WC Dillon Co./Insight, has hired three new staff members –Raleigh Harwell, Kaitlyn Russell, and Vickie Owens – increasing its local staff to 10. The company said the move is part of its strategy to take advantage …
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NWS: Tornado in St. Louis Area Was EF-2
The National Weather Service has confirmed that a tornado touched down in St. Charles County, Mo., last weekend. A strong stormed rolled through the St. Louis region Sunday night. The weather service says an EF-2 tornado with wind up to …
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World Economic Forum Sees Finance/Insurance Industry in Digital Firing-Line
The world’s top banks and insurers are being forced to review their business models amid rapid inroads by nimble “fintech” start-ups, which are reshaping what consumers and businesses expect out of financial services, a report out Tuesday said. The report …
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