Monthly Archives: <span>April 2013</span>

Ascot Underwriting to Open Office in New York City

Ascot Underwriting Ltd. announced that its office in New York, led by Paul Amrose, Chief Underwriting Officer Ascot Fac, will open for business on the 20th of May, when he and his team will relocate from Hartford to the new …

Powerful M7.8 Earthquake Strikes Iran-Pakistan Border: AIR Analysis

Catastrophe modeling firm AIR Worldwide has issued a report on the powerful M7.8 earthquake, which struck a sparsely populated area of southeastern Iran about 50 kilometers (30 miles) from the country’s border with Pakistan, just after 3:00 p.m. local time …

Willis Extends Call Option on Acquisition of All Gras Savoye Shares

Global risk advisor, insurance and reinsurance broker Willis Group Holdings announced that it has extended by one year the exercise date of its call option to acquire full ownership of French insurance broker Gras Savoye, from 2015 to 2016. Willis …

Cooper Gay Swett & Crawford Complete $500 Million Financing Deal

Cooper Gay Swett & Crawford Limited (CGSC), the global wholesale insurance and reinsurance broker, has announced the successful completion of a $500 million financing exercise from US based investors. The debt repayment terms have been extended from 2014 to 2020. …

Burand’s Agency E&O Blog: Tip #30

Felony Background Checks. An important step in hiring people. If an employee has a felony conviction and the agency has not obtained the proper waiver from their state’s insurance department, the agency may be violating the Violent Crimes Act. Some …

Sullivan Brokers Taps Janes, Murphy in California

Sullivan Brokers Wholesale Insurance Solutions named Brian Janes to the firm’s property practice group as assistant vice president, and Suzann Murphy as broker assistant. Sullivan Brokers is a nationwide wholesale brokerage specializing in healthcare, professional, management, and transaction liability, property, …

North Carolina’s Auto Insurance System Badly Needs an Upgrade

It’s easy to understand why many North Carolinians are skeptical of proposals to change how the state regulates auto insurance. In a state where homeowners insurance rates are fairly high, and auto insurance relatively affordable, the old adage about not …

Maryland Dog Bite Liability Measure Fails in House

Lawmakers on the final day of the Maryland General Assembly failed to pass a measure that would change a court ruling that designated pit bulls as an “inherently dangerous” breed. The bill, which received unanimous approval from the Senate last …

6 Vermont Firms Lauded for Workplace Safety

Six Vermont companies are being honored for their efforts to promote workplace safety. The Governor’s Award for Outstanding Workplace Safety — the highest such award in the state — goes annually to recipients in six categories. Bio Tek Instruments of …

Oklahoma Bill Limiting Liability for Agritourism Businesses Signed into Law

A measure protecting limiting the liability for agritourism operators in Oklahoma has been signed into law by Gov. Mary Fallin, according to the House of Representatives. State Rep. Scott Biggs, R-Chickasha and Sen. Ron Justice, R-Chickasha, say House Bill 1638 …