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7 08, 2020

Boeing Facing $1.25M Fine by FAA for Undue Pressure on Safety Oversight Employees

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The U.S. Federal Aviation Administration on Wednesday said it was proposing to fine Boeing Co. $1.25 million after the agency alleged Boeing managers at its South Carolina plant exerted undue pressure on workers who handle safety oversight work on behalf …

7 08, 2020

Indiana Surpasses 68,000 Confirmed Coronavirus Cases

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Indiana has surpassed 68,000 confirmed COVID-19 virus cases. The state’s health department said this week that 582 additional people have been diagnosed with the disease, bringing Indiana’s total to 68,433. Confirmed deaths due to complications from the virus are at …

7 08, 2020

Capital One Will Pay $80 Million Fine for Data Breach During Cloud Transfer

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Capital One Financial Corp will pay an $80 million penalty to a U.S. bank regulator after the bank suffered a massive data breach one year ago. The fine, announced Thursday by the Office of the Comptroller of the Currency, punishes …

7 08, 2020

Hannover Re’s CFO Vogel to Retire, Succeeded by Jungsthöfel from HDI Global

By | August 7th, 2020|Uncategorized|Comments Off on Hannover Re’s CFO Vogel to Retire, Succeeded by Jungsthöfel from HDI Global

After more than 30 years at Hannover Re, Chief Financial Officer Roland Vogel (60) will retire on Sept. 30, 2020. He will be succeeded by Clemens Jungsthöfel, currently chief financial officer of HDI Global SE. Jungsthöfel, in turn, will be …

6 08, 2020

Morgan Stanley to Offer Coverage for High Net Worth Clients through Hub, Marsh, Willis

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Morgan Stanley has expanded its insurance offerings to include property & casualty insurance coverage for its high net worth clients through insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson. The coverage will target risks associated with …

6 08, 2020

Tennessee Insurance Dept. Adds Clark as Director of Business Development

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The Tennessee Department of Commerce & Insurance (TDCI) has hired Joshua Clark joins TDCI as the new director of Business Development for the Insurance Division. As the director of Business Development for the Insurance Division, Clark will focus on expanding …

6 08, 2020

Marginal Flood Risk Remains for North Carolina After Isaias

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At least eight people were killed as Tropical Storm Isaias battered the U.S. East Coast with rain and fierce winds after making landfall as a hurricane in North Carolina. Millions of people were without power on Wednesday after felled trees …

6 08, 2020

Exxon Argues Massachusetts AG’s Climate Lawsuit Amounts to Improper Retaliation

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Exxon Mobil Corp. will argue that a consumer and investor fraud lawsuit filed by the Massachusetts attorney general amounts to improper retaliation against the company over its views on climate change. The company will seek to dismiss the suit under …

6 08, 2020

Heavy Rain in Pennsylvania Prompts Rescues, Wind Damages Hospital Day Care

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High winds partially tore the roof off a day care center on the grounds of a suburban Philadelphia hospital, injuring four children, as heavy rains flooded rivers and streams, prompting water rescues, evacuation calls and a search for a young …

6 08, 2020

World Insurance Associates Acquires New Jersey’s JF Murray Co.

By | August 6th, 2020|Uncategorized|Comments Off on World Insurance Associates Acquires New Jersey’s JF Murray Co.

World Insurance Associates LLC (WIA) has acquired JF Murray Co. Inc. of Point Pleasant, N.J., on July 1, 2020. Terms of the transaction were not disclosed. JF Murray Co. provides clients with complete insurance solutions for their personal and business …