Monthly Archives: <span>October 2021</span>

Investigators Board Ship That Was Anchored Near California Oil Pipeline

U.S. Coast Guard investigators have boarded a massive cargo ship as they probe what caused the rupture of an offshore oil pipeline that sent crude washing up on Southern California beaches. The Coast Guard is investigating whether a ship anchor …

Hub Acquires Assets of Verity and Bellehaven in California

Hub International Ltd. acquired the assets of Verity Insurance Services Inc. and Bellehaven Management Inc. Terms of the transaction were not disclosed. Located in Covina, Calif., Verity Insurance is an independent insurance broker providing commercial insurance and health benefits. Verity …

J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts)

Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to results of the J.D. Power 2021 U.S. Independent Agent Performance and Satisfaction Study, …

Liberty Co. Partners with Southern Palm Agency

The Liberty Company Insurance Brokers has announced a partnership with Miami-based Southern Palm insurance agency. The agency has seen three generations of family ownership and is now led by John Turner, the companies said in a news release. “I was …

Judge to Appoint Mediator in Surfside Condo Claims

A Florida judge overseeing parts of the aftermath of the deadly collapse of a condominium building in Surfside said this week that a mediator will be appointed to sort through claims. Miami-Dade Circuit Judge Michael Hanzman said at a hearing …

Riskonnect Acquires ESG Technology Firm ICIX

Integrated risk management software firm Riskonnect has acquired ICIX, a California-based value chain governance company that helps businesses manage their environmental, social and governance performance. The acquisition accelerates Riskonnect’s growth by expanding its integrated risk management product suite to better …

Flooding in Alabama Kills 4, Damages Buildings

Four people were killed in Alabama Thursday when torrential rains drenched parts of the state, flooding roads and buildings and causing a sewage overflow. All four deaths, including that of a 4-year-old girl in North Alabama, occurred when high water …

Aon Launches ‘Ransomware Defence’ to Address Cyber Insurability Challenges

Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK and the Europe, Middle East, and Africa (EMEA) region, by addressing cyber insurability challenges. “Ransomware Defence” brings Aon’s cyber security …

Verisk Using AI to Gain Underwriting Insights From Yelp Reviews of Small Businesses

Global data analytics provider Verisk is leveraging artificial intelligence and image analytics to generate underwriting insights for small business insurers from more than 200 million reviews on Yelp, the company announced this morning. Unstructured data and images from Yelp reviews …

People Moves: AXA XL Names Takigawa; Gary Heads CoreLogic Claims; Changes at Top at TigerRisk; Hill Joins Digital Partners

AXA XL Insurance Appoints Takigawa as Head of Commercial E&O, Americas AXA XL Insurance has named Michael Takigawa as the head of Commercial Errors & Omissions for the Americas region. Based in San Francisco and Monterey, Calif, Takigawa will oversee …