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17 01, 2020

Three Massachusetts Workers Shocked When Scaffolding Touches Power Line

By | January 17th, 2020|Uncategorized|Comments Off on Three Massachusetts Workers Shocked When Scaffolding Touches Power Line

Three people were injured, one critically, on Tuesday when scaffolding they were working with at a Massachusetts home came in contact with power lines, police said. Beverly police responded to a report that two workers had fallen from the roof …

17 01, 2020

MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty

By | January 17th, 2020|Uncategorized|Comments Off on MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty

Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos as head of Specialty as it structures its underwriting cells and MGAs into a number of centres of excellence focused …

17 01, 2020

USG Adds Aguilar as a Producer in Arizona

By | January 17th, 2020|Uncategorized|Comments Off on USG Adds Aguilar as a Producer in Arizona

USG Insurance Services Inc. has named Jay Aguilar a producer/broker in commercial lines in the Scottsdale, Ariz. office. Aguilar will work to expand USG’s Southwestern territory. Aguilar has 23 years of insurance industry experience, most recently at Agents Alliance Services. …

17 01, 2020

Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack

By | January 17th, 2020|Uncategorized|Comments Off on Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack

More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was up and running again. The cyber …

17 01, 2020

California Sleep Apnea Company Pays $37.5M to Settle Kickback Lawsuits

By | January 17th, 2020|Uncategorized|Comments Off on California Sleep Apnea Company Pays $37.5M to Settle Kickback Lawsuits

ResMed, a San Diego, Calif.-based company that sells sleep apnea machines, will pay $37.5 million to settle allegations that it provided kickbacks to obtain customer referrals, federal prosecutors announced this week. The settlement covers five whistleblower lawsuits filed on behalf …

17 01, 2020

California Lawmaker Wants Probe of PG&E’s Chief Regulator

By | January 17th, 2020|Uncategorized|Comments Off on California Lawmaker Wants Probe of PG&E’s Chief Regulator

A state lawmaker is demanding an extensive review of the California Public Utilities Commission to determine whether regulators’ lax oversight enabled neglect at Pacific Gas & Electric that triggered catastrophic wildfires, a messy bankruptcy and exasperating blackouts. The request by …

17 01, 2020

Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding

By | January 17th, 2020|Uncategorized|Comments Off on Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding

The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most destructive hurricane ever to hit the islands. The government will probably borrow about $500 million in coming months as it …

17 01, 2020

Brown & Brown Acquires Assets of Texas All Risk

By | January 17th, 2020|Uncategorized|Comments Off on Brown & Brown Acquires Assets of Texas All Risk

Brown & Brown Inc. through its subsidiary, Hull & Company LLC, has acquired substantially all of the assets of Dallas-based Texas All Risk, a managing general agent (MGA) placing a wide range of property/ casualty insurance for businesses and individuals …

17 01, 2020

Minnesota School District Sued by Parents of Students Who Were Sexually Exploited

By | January 17th, 2020|Uncategorized|Comments Off on Minnesota School District Sued by Parents of Students Who Were Sexually Exploited

The parents of two students are suing the Bemidji school district, alleging it was negligent in allowing a former assistant principal to sexually exploit their children. Brandon Bjerknes, who was arrested in 2017, is serving a federal prison sentence for …

14 01, 2020

AssuredPartners Acquires Maryland’s The Jordan Insurance Group

By | January 14th, 2020|Uncategorized|Comments Off on AssuredPartners Acquires Maryland’s The Jordan Insurance Group

AssuredPartners Inc. has acquired The Jordan Insurance Group LLC located in Columbia, Md. The team of five will remain under the operational leadership of Bill Jordan following the acquisition. The agency currently reports $1.1 million in annualized revenues. Headquartered in …