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Aegis Specialty Opens New Silicon Valley Office

Aegis Specialty Insurance Services has opened a new Silicon Valley office located in Sunnyvale, Calif. The venture is part of Aegis General Insurance Agency, and will be leveraging technology to deliver home, condo and renters insurance through a new platform …

Tennessee Officials Ask for Help on 16 Arsons

Police are asking for help after a string of fires in East Tennessee that have been ruled arson. Cocke County Sheriff Armando Fontes said there have been 16 arson blazes set since August, mostly in the area of Parrotsville. He …

Mississippi County Seeks to Turn April’s Tornado Tragedy Into Opportunity

Six months after a devastating tornado, Winston County’s hospital is still operating out of tents and shipping containers, home rebuilding is sputtering along and it may be another year before a new plywood mill opens. Still, leaders in Louisville say …

Hedge Funds Move Into Catastrophe Reinsurance

Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as underwriting returns fall. Hedge funds …

The Hartford Profit Up 32% in Q3

The Hartford reported third quarter 2014 net income totaled $388 million, up 32 percent from $293 million in third quarter 2013. The insurer said core earnings were $477 million for the three months ended Sept. 30, 2014, up 15 percent …

Audi Cars in China Recalled Over Airbags From German Supplier

FAW-Volkswagen Automobile Ltd, a Chinese joint venture of Volkswagen AG, will recall 270,635 Audi cars in China due to an air bag software issue, China’s quality watchdog said. A spokeswoman at Audi China said the airbags were from a German …

Lloyd’s, Specialty Insurance Advisors Offer Ebola Coverage for First Responders

Lloyd’s of London is offering Ebola coverage for first responders through its U.S. distributor, Specialty Insurance Advisors, as an added benefit to its pre-existing Needle Stick and Workplace Violence coverage. The cover will protect healthcare and law enforcement workers in …

Pirate Attacks on Small Oil Tankers Rising in Southeast Asia Waters

Hijackings of small oil tankers by armed gangs are increasing in Southeast Asia, home to the shortest sea-trade route between the Middle East and China, even as pirate attacks globally fell for a third year. Five of the six vessels …

Marsh Previews Risk Management-Analytics Software

STARS, a business unit of Marsh that provides risk, safety, and claims management software, analytics and services, previewed STARS | ONE, an alpha version of its next-generation risk management platform to 350 global customers and partners at its recent annual …

Aon: Planning, Communications Will Keep Real Risk of Ebola in Perspective

With concerns growing in the U.S. over Ebola exposure — New York City confirmed its first case of Ebola Thursday, Oct. 23 — an executive from Aon plc advised it’s important for businesses to engage in thoughtful planning and careful …

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