Monthly Archives: <span>January 2017</span>

Kansas City’s Brush Creek Partners Joins TechAssure

TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named Kansas City, Mo.-based Brush Creek Partners as a new member. Brush Creek Partners is an independent, full-service insurance brokerage firm that specializes in assisting …

Samsung Details Causes for Galaxy 7 Fires; Clyde & Co. Comments

It was the battery, after all. In a presentation and news conference on Monday that lasted more than two hours, Samsung Electronics Co. detailed the results of its investigation into Note 7 smartphones that overheated and burst into flames last …

Montana to Pay $25M to Asbestos Victims Under Settlements

The state of Montana has reached settlements totaling $25 million with more than 1,000 victims of asbestos-related disease over claims that health officials failed to bring attention to the hazards of a contaminated mine. The Flathead Beacon reported that the …

Beecher Carlson Promotes Rubin, Garrard, Leighton in Energy Practice

Beecher Carlson Insurance Services, a specialized large account insurance broker, announced several key promotions within the Energy Practice. Erin Lynch, president of Beecher Carlson’s Energy Practice, has appointed Laura Rubin as managing director, Susan Garrard as managing director, and Mary …

Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…

The last time Italian insurer Assicurazioni Generali SpA was rumoured to be in play, the supposed bidder, France’s AXA SA, said such a costly and complex deal would “make no sense at all.” This time, the interest comes from an …

Crawford Names Tolson as CEO of U.S. Property/Casualty Group

Claims management firm Crawford & Co. has named Kenneth Tolson chief executive officer of its U.S. Property & Casualty group. Tolson will be responsible for the company’s U.S. field operations and catastrophe services groups. Tolson most recently served as senior …

P/C Insurance Executives Express Cautious Optimism for 2017

A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held last week at the Waldorf-Astoria in New York. The …

Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm

Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, has acquired Arium, an independent company specializing in liability risk modeling and decision support. London-based Arium will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable …

Alarm System Broke 2 Days Before Fatal Massachusetts Apartment Fire

The Massachusetts Fire Marshal says the communications connection between the fire alarm system and the alarm monitoring company had broken two days before a New Year’s Day fire in a Holyoke apartment building that killed three. Peter Ostroskey said the …

Risk Strategies Company Acquires Massachusetts’ University Health Plans

Risk Strategies Company, a privately held national insurance brokerage and risk management firm, has acquired University Health Plans (UHP), a Quincy, Mass., based brokerage firm specializing in student health insurance programs. This move serves to expand Risk Strategies’ Higher Education …