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

Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited

London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate alongside Trireme’s existing London brokers, Oxford Insurance Brokers …

Accident Report Confirms Apple Still in Autonomous Car Race

An Apple Inc. self-driving car was rear-ended while merging onto an expressway near the company’s Silicon Valley headquarters this month, the company said in an accident report posted on Friday that confirmed the iPhone maker is still in the race …

Max Services, Wetzel Associates Offer ‘Conversational’ Commerce Suite

Max Services Inc. and Thomas H. Wetzel & Associates have partnered with LivePerson, a provider of conversational commerce products, to provide insurers and agents with an enterprise-level option to communicate with their customers via websites, SMS, mobile apps, and other …

2018 Deadliest Year for North Carolina Boating Accidents in 2 Decades

North Carolina’s Wildlife Commission says 29 people have died in boating accidents this year, making it the deadliest in the past 20 years. Commission officials tell the Asheville Citizen-Times that victims weren’t wearing life jackets in 23 of those deaths. …

EPIC Insurance Brokers Adds Glassford to Energy Practice in Alabama

EPIC Insurance Brokers and Consultants has added attorney Jeremy Glassford to the firm’s Birmingham, Ala.-based National Energy Construction practice as a senior client executive, reporting to EPIC Managing Principal Crawford McInnis. Glassford will be involved in all aspects of new …

Tropical Storm Gordon to Become Hurricane, Strike Gulf Coast Tuesday; Flood Damage Expected

Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early Wednesday. Gordon, with top …

New York Approves AXA Acquisition of XL Group

France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on Friday announced it had approved …

Report: Missouri Medical Professional Liability Insurers Saw Slight Profit in 2017

In 2017, poor underwriting results for medical professional liability insurers in Missouri were partially offset by higher investment returns, and insurers barely eked out a profit, earning a 0.2 percent return on net worth, according to a new report by …

Former Illinois Insurance Broker Sentenced to Prison, Must Repay Nearly $1M

The former owner of multiple property/casualty insurance operations in northern Illinois has been sentenced to more than four years in prison and ordered to pay nearly $1 million in restitution for insurance fraud. U.S. District Judge Frederick J. Kapala on …

People

James Anderson has assumed the role of executive vice president and chief financial officer at Chicago-based commercial insurer, CNA. He succeeds D. Craig Mense, who has been CFO since 2004 and will retire at the end of the year. Anderson, …