Monthly Archives: <span>July 2019</span>

Police Looking into if Tesla Was Self-Driving During California Crash

A woman was arrested after running a red light in a rented Tesla in San Francisco and causing a crash that killed a tourist and left his wife critically injured, authorities said. Officers were investigating whether the Tesla, which was …

Modeler Estimates Insured Losses from California Quakes Less Than $40M

A catastrophe modeler estimates the total loss from the 7.1 Magnitude and M6.4 earthquakes that struck near Ridgecrest, Calif., earlier this month will be about $200 million, not including infrastructure or damage to properties in the Naval Air Weapons Station …

AIG Creates Sustainability Post; Names Waldner as Chief Officer

American International Group said it has created a position of chief sustainability officer to lead the development and implementation of a company-wide sustainability strategy and appointed Jennifer Waldner to fill the role. She will lead a cross-functional team to drive …

Construction Crane Collapses on House, Apartment Building in New Jersey

Strong winds may be to blame for the collapse of a construction crane in New Jersey. The crane came down onto a house and an apartment building across from Rutgers University in New Brunswick on Sunday night. News 12 New …

Alera Group Acquires New Hampshire’s Landmark Benefits

Alera Group, a national independent insurance agency based in Deerfield, Ill., has acquired Landmark Benefits Inc., effective July 1, 2019. Landmark, located in Windham, N.H., is an employee benefits broker providing insurance benefits, human resource consulting, compliance and wellness to …

Canada’s Navacord Joins Brokerslink Global Network

Navacord, the Ontario-based commercial broker, has joined global broking business Brokerslink as the network’s latest affiliate in the North American region. Navacord, which trades under 15 different broker partner brands across Canada, has an ownership model that allows its partners …

Rhode Island’s Starkweather & Shepley Promotes Prentiss, Barresi

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has promoted Michael Prentiss to assistant vice president and Robert Barresi to senior vice president. As a commercial lines producer, Prentiss is responsible for establishing new accounts, as well as maintaining an existing …

Powerful Storms Leave Many Without Power in New Jersey

Crews are working to restore electricity for hundreds of thousands of people in New Jersey after powerful storms blew across the state. Utilities say 246,193 homes and businesses were without service Tuesday morning. At one point Monday, more than 300,000 …

U.S. Announces $5 Billion Fine Against Facebook, Other Privacy Settlement Terms

Facebook Inc. will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday. The FTC voted …

Insurance Agency Mergers Hit Near-Record in First Half 2019

There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest six-month total, trailing only the first half of 2017 when 333 transactions were reported, according to OPTIS Partners’ M&A database. …