Monthly Archives: <span>June 2018</span>

China’s State-Run Insurance Funds Feel Strain of Baby Boom

Chinese President Xi Jinping wants women to have more babies. That’s proving to be a costly goal. After government-run insurance funds paying for maternity leaves suffered revenue shortfalls for the first time, Xi’s government has begun taking steps to shore …

Florida-Based AssuredPartners Acquires B&W Brokers of London

AssuredPartners Inc., the Lake Mary, Fla.-based insurance broker, has acquired B&W Brokers Ltd. of London. Specializing in providing casualty and property insurance and placing binding authorities, B&W services clients in Canada, Australia, the United Arab Emirates (UAE) and North America. …

JLT FAC Taps RSA’s Melbourne as Producer; Carpenter’s Vitale as Head of Casualty

JLT FAC, part of JLT Re, a global provider of reinsurance broking and consultancy, has appointed two senior executives in London and its U.S. team. In London, Nikki Melbourne will join the firm as partner. She joins from RSA where …

Top Practice Areas for Lawyers’ Malpractice Claims

New malpractice claims against lawyers are being driven by inadequate safeguards against conflicts of interest, along with participation in certain expanding and complex practice areas, according to a new study by insurance broker Ames & Gough. In its annual survey …

Every $1 Spent in Hurricane Protection Lowers Property Loss Exposure by $105

Every $1 a business spends on hurricane protection reduces loss exposure by an average of $105. That’s based on an analysis by global commercial and industrial property insurer firm FM Global, which reviewed loss and mitigation information from thousands of …

XL Catlin, Bamboo Insurance to Provide Property Coverage In California

XL Catlin and new insurtech-focused program administrator Bamboo Insurance have entered into an underwriting agreement to provide property insurance in California. Bamboo Insurance is a California-based program administrator focused on distribution of personal lines products within California. Through the XL …

Aon Launches Intellectual Property Liability Coverage

Aon plc has launched a new insurance product designed to cover clients’ intellectual property liability, including patents, copyrights, trademarks, trade secrets and know how. This is the latest offering in Aon’s suite of integrated IP capabilities following the recent announcement …

West Virginia Issues Violation Notices to Mountain Valley Pipeline Project

West Virginia regulators have issued two additional violation notices to the Mountain Valley Pipeline project. The Charleston Gazette-Mail reports the two additional violation notices to the pipeline project are for water pollution violations in Nicholas and Harrison counties. In all, …

Mississippi County to Spend $3M on Flood Study

Governments in DeSoto County, Mississippi will spend more than $3 million to study flooding. WHBQ-TV reports that half the money will come from the federal government, while half will come from DeSoto County and local cities. Horn Lake Creek drains …

Independent Insurance Agents of Georgia Elect Coard as President

Andrew Coard was installed as president of the Independent Insurance Agents of Georgia, on June 8 during IIAG’s 121st annual convention and trade show at Hilton Head Island, S.C. Coard, a Marietta, Ga. native, is president of The Peoples Agency …