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CoVerica Promotes Sutter, Bracken and Sterlacci

Dallas-based independent insurance agency CoVerica announced it has promoted three executives. John Sutter has been promoted to the position of president for CoVerica Inc. Sutter will continue to report to Mike Sterlacci, chairman and CEO, and will oversee retail operations …

AIG’s Jones Named COO at TDC Risk Management

High net worth personal insurance firm TDC Risk Management (TDC), based in Maumee, Ohio, has hired Greg Jones as chief operating officer. Jones joins the closely held firm in support of its continued strong growth and further expansion of the business. …

Washington Tunnel Contractors File $11M Lawsuit

The contractors who built Bertha the tunnel machine in Washington two years ago have filed a lawsuit seeking $11 million in extra pay. The Seattle Times reported that the contractors contend that their efforts working with tough soil conditions cost …

California Wildfires Gut Homes, Force Evacuations

Thousands were forced to flee a wildfire burning in tinder-dry canyons in Southern California, authorities said. The fire has destroyed at least 18 homes in northern Los Angeles County. The blaze momentum two days after it broke out. About 300 …

Weather Service Determines Tornado Touched Down in Washington

The National Weather Service says a tornado touched down near Coulee City as severe weather hit the Inland Northwest. The weather service confirmed the tornado touched down at about 3:30 p.m. Friday in the area, about 95 miles west of …

Insurance Costs Rise in Idaho County following Lawsuits

Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The Times-News reported that the county’s insurance payments have increased 58 percent over the past five years from $350,639 for the …

Judge Expected to Allow Suit Against Trump University to Proceed

Just hours after Donald Trump accepted the Republican presidential nomination in Cleveland, a federal judge in San Diego said he plans to allow former students who claim to have been cheated by Trump University to take the billionaire candidate to …

UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary

British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc. Johnson, speaking to reporters in New …

BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line

Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing four new executive & professional lines products for financial institutions and named Andrew Knight as national director of Financial Institutions, Executive & Professional Lines, in Canada. The new products are: …

Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review

A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property and casualty reinsurance policies underwritten by a trio of reinsurers …

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