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

California Broker Launches National Expansion into Captive Insurance Market

Sacramento, Calif.-based Owen-Dunn Insurance Services has embarked on a national expansion with the launch of ODI Group Captive to meet demand from mid-size business owners for captive insurance. In addition to creating its new group captive, the brokerage brought on …

JLT Specialty Names Aon’s Schaeffer Senior Vice President in California

JLT Specialty USA has named Jennifer Schaeffer senior vice president. Schaeffer will be based in Based in San Francisco, Calif. She will focus on business development with specialties in technology, fintech and private equity. Schaeffer has experience in corporate risk …

New York Subway Train Derails, Scaring Passengers and Injuring Dozens

A subway train derailed Tuesday as it entered a station, tossing people to the floor, forcing hundreds of shaken-up passengers to evacuate through darkened tunnels and delivering another jolt to a transit system plagued by aging equipment and reliability problems. …

Global Cyber Attack Affects Shipping, FedEx, Emails and More

The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus’s spread seemed to be abating. FedEx Corp. said it could suffer a “material” financial impact after …

Burns & Wilcox Expands Footprint in Pennsylvania, Plans More Hires

Burns & Wilcox, a wholesale insurance broker and underwriting manager, has increased its footprint in Pennsylvania with an office move and expansion for its Pittsburgh office to accommodate its growing team and revenue. Burns & Wilcox has relocated its Pittsburgh …

Driver Fairness Bill Passes Delaware General Assembly

The Delaware State Senate has voted nearly unanimously (24-1) to pass House Substitute 1 for House Bill 80 (HS 1 for HB 80). This measure, a substitute to the Department of Insurance’s original HB 80, targets unfair discriminatory practices used …

FM Global Opens Learning Center Facility in Massachusetts

Commercial property insurer FM Global has opened the FM Global Learning Center, a facility in Norwood, Mass., where employees and clients will explore property-loss prevention and insurance-related training through specially designed classrooms. The 27,000-square-foot, $15 million structure more than doubles …

Veterans Can Now Be Reimbursed for Virginia Insurance License Exam Fees

Veterans of the United States Armed Forces and some active duty military and reservists now have a new incentive to become licensed insurance agents in Virginia. The State Corporation Commission’s Bureau of Insurance recently received approval from the Virginia Department …

AIG Shareholders Approve $9.6 Million for Former CEO Hancock

American International Group Inc. shareholders on Wednesday approved the company’s 2016 compensation for executives, including the insurance giant’s former chief executive, Peter Hancock. Shareholders at the annual meeting in New York voted to award Hancock a total compensation of $9.58 …

Uber App Users Can Now Schedule Rides for Others

Uber’s ride-hailing app is making it easier for its users to set up trips for seniors and others who may not know their way around a smartphone but still need help getting around town. The new feature, released on Tuesday …