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

RMS Releases Updated N. America Earthquake Models for U.S., Canada & Mexico

RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of version 17.0 of its North America Earthquake Models for the United States, Canada and Mexico. The updated model will enable RMS clients to manage their risk accumulations …

Active Atlantic Hurricane Season Looms – as Odds Drop of El Niño Formation

Forecasters again lowered the odds of El Niño forming by year’s end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to natural disasters lack top administrators. The updated forecast, …

Worley Acquires Massachusetts’ Apex Claims Service

Worley Claims Services LLC (Worley), a provider of insurance claims services in the U.S., has acquired Apex Claims Service of New England LLC (Apex), a provider of daily and catastrophe commercial and residential property claims based in Westfield, Mass. Financial …

Rules for Ride-Hailing Services Head to Connecticut Governor’s Desk

Legislation creating rules for ride-hailing services for the first time in Connecticut is heading to the governor. After three years of the debate, the bill finally passed the Senate on a 28-8 vote late Tuesday. It previously cleared the House …

New York’s Berkley Alliance Managers Hires Andersen

Berkley Alliance Managers, an Albany, N.Y.-based Berkley Company, has named Anthony Andersen as senior vice president and professional liability claims manager. In this role, he will be responsible for providing managerial oversight to the company’s claims staff. Andersen joins Berkley …

Brave New World: 1st Reinsurance Product Heads to the Blockchain

Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the efforts of the industry’s B3i initiative …

Update: U.K. Voters Reject Prime Minister May’s Vision of ‘Hard Brexit’

Prime Minister Theresa May will plow ahead with her plan to withdraw Britain from the European Union even as her electoral defeat raised questions over whether she will have to soften her approach or even if she will last the …

Ohio Village: No Space Left for Medical Marijuana Growers

A central Ohio village that embraced potential medical marijuana business while some other communities rejected it saw such interest from prospective growers that it has run out of space for that sector. The Columbus Dispatch reports that possible growers have …

New Trial Ordered in Iowa High School Baseball Injury Case

The Iowa Supreme Court has ordered a new trial in the case of a Muscatine high school baseball player whose skull was fractured when he was struck by a foul ball during a game in Davenport in 2011. A jury …

Everest Insurance Adds Benzin, Romano to Midwest Team

Everest Re Group Ltd., based in Hamilton, Bermuda, announced that Jeff Benzin has joined Everest Insurance – as vice president and head of the Midwest Region and John Romano joins as a vice president. Benzin comes to Everest from Avant …