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Maryland Arts Building Shut Down for Safety Violations

Baltimore officials have shut down the Bell Foundry arts building in the Station North arts and entertainment district for safety violations. The Baltimore Sun reports officials boarded up the two-story building Monday, evicting dozens of artists from their work spaces. …

Gruber to Succeed Larson as President of Great American Insurance Co.

Gary J. Gruber has been promoted president and chief operating officer of Great American Insurance Co., effective January 1, 2017.  Gruber will become the seventeenth president in Great American’s 145-year history, assuming this title from Donald D. Larson, who recently …

Rolling Stone Challenges Verdict in University of Virginia Defamation Case

Rolling Stone magazine urged a federal judge on Monday to overturn the verdict of a jury, which found that the publication and a reporter defamed a University of Virginia administrator with their botched story about a gang rape on campus. …

California’s Cyence Hires Merchant to New York City Office

Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with Cyence’s network of insurance …

IIABNY Promotes Bixby to President of IAAC

Independent Insurance Agents & Brokers of New York (IIABNY) has promoted Brian R. Bixby to president of IAAC, the trade group’s service corporation that provides financial support to IIABNY by offering insurance products for the association’s members to sell and …

Health Insurers Warm to Replacing Individual Mandate with Incentives

U.S. health insurers signaled Tuesday that they’re willing to give up a cornerstone provision of Obamacare that requires all Americans to have insurance, replacing it with a different set of incentives less loathed by Republicans who have promised to repeal …

Report Criticizes FAA Safety Oversight of Drones as Lax

U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. The Federal Aviation Administration over a two-year span granted more than 5,500 exemptions …

TPA Gallagher Bassett Names McNamara as Managing Director, Australia

Third party administrator Gallagher Bassett (GB)* has appointed John McNamara to the position of managing director – Australia, effective Jan. 1, 2017. McNamara succeeds Jon Winsbury who is moving into the role of executive vice president, Gallagher Bassett International. McNamara …

Insured Losses from Italy’s October Earthquakes Estimated at $33.3M: PERILS

The initial estimate of the property insurance market loss from the series of earthquakes that hit central Italy in October is €31 million ($33.3 million), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. Three major …

Credit Guarantee & Investment Facility Signs Inaugural Treaty Led by Munich Re

The Credit Guarantee and Investment Facility (CGIF)* announced it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re. This treaty, which incepted on Oct. 1, …

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