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Scientists Focus On Wiregrass Region of Alabama, Georgia for Tornado Study

Tornado researchers want to know more about how tornadoes form from squall lines in the Wiregrass region of Alabama and Georgia. That part of the South is of interest to Chris Weiss, a professor of atmospheric science at Texas Tech …

Insurtech Root Expands Into Renters Market; Product Launched in 3 States

Root Insurance, a property casualty insurtech, has launched a streamlined renters insurance designed and personalized for consumers starting at $6 a month. In addition to covering customers’ personal property and liability from accidents, the new Root renters insurance product pays …

AM Best Revises Outlooks to Negative for Pennsylvania’s Farmers

AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of B+ (good) and the long-term issuer credit rating of “bbb-” of Farmers Mutual Fire Insurance Company of McCandless Township (Farmers), based in Wexford, …

Swiss Re Names Mazzoleni Neglén as Head of Customer Experience, Global Sales

Swiss Re Corporate Solutions (SRCS) has appointed Loredana Mazzoleni Neglén as head Customer Experience & Global Sales Steering, effective Feb. 1, 2020. In this newly created role, Mazzoleni Neglén “will be responsible for supporting SRCS to better understand and address …

Praedicat Develops Named Peril Casualty Insurance Product via Lloyd’s Lab

Praedicat, Inc., the Los Angeles-based liability risk analytics software company, announced it is developing a new insurance product designed to help global industrials secure coverage for innovative and essential products and chemicals that are typically excluded or under-insured in standard …

Alera Group Acquires Pennsylvania’s Capital Region Benefits

Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Capital Region Benefits, effective November 1, 2019. Capital Region Benefits, an independent insurance agency located in Camp Hill, Penn., has provided group benefit …

Connecticut’s Electric Boat Fined $10K After Worker Falls 20 Feet into Submarine

Connecticut submarine maker Electric Boat has been fined by federal officials after an employee fell more than 20 feet while working earlier this year. The Day reports the federal Occupational Safety and Health Administration recently fined Electric Boat $10,000 for …

The Hilb Group Acquires Massachusetts’ Gould & Naimoli Partners

The Hilb Group LLC (THG) has acquired Massachusetts-based Gould & Naimoli Partners LLC/G&N Insurance (G&N). The transaction became effective November 1, 2019. G&N is a property and casualty insurance agency primarily providing personal lines insurance to real estate owners in …

Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience

Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding and partnerships it has established over 25 years of reinsuring terrorism risk. …

Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License

Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing network of insurer partners, …