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Houston’s Dean & Draper Insurance Agency Joins Assurex Global

Houston-based Dean & Draper Insurance Agency has become a partner in Assurex Global, the privately held commercial insurance, risk management and employee benefits brokerage group. The firm is now one of 108 independent brokerages that are Assurex Global partners around …

Northeast Insurer Kingstone to Exit Commercial Liability Lines

Kingstone Companies Inc., a Northeast regional property and casualty insurance holding company, has announced that its wholly owned subsidiary, Kingstone Insurance Company (KICO), has decided to no longer underwrite commercial liability risks. These include business owners, artisans (CraftPak), special multi-peril …

Charges Dismissed Again in Deadly Philadelphia Amtrak Crash

For the second time, a Philadelphia judge has dismissed all criminal charges filed against an Amtrak engineer in a deadly high-speed derailment in Philadelphia that killed eight and injured about 200 people. The decision Tuesday followed defense arguments that any …

More Than 67K Still Without Electricity in New Jersey Following Storms

More than 67,000 homes and businesses in New Jersey are still without electricity two days after a line of thunderstorms downed trees and power lines. Most are Jersey Central Power and Light customers in Monmouth and Ocean counties. Public Service …

High Winds, Tornado Rip Off Cape Cod Hotel Roof, Lead to Power Outages

High winds and one radar-confirmed tornado ripped off a hotel roof, downed trees that blocked roads, and knocked out power to thousands on Cape Cod on Tuesday during the peak of tourist season. A tornado struck Yarmouth just after noon, …

First Half Natural Disasters Cost Insurers $20B, Down 26% from 18-Year Average: Aon

Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than the H1 average of US$27 billion seen during the years 2000-2018, according to Aon’s “Global Catastrophe Recap: First Half of …

Aon Names Barrett Regional Managing Director EMEA, Captive & Insurance Mgmt.

Aon has appointed Vincent Barrett as regional managing director EMEA for its Captive & Insurance Management business. In his new role, he will serve as account chair on numerous complex global client accounts and lead the captive business development team …

African Swine Fever Detected at Another Bulgarian Pig Farm

Bulgaria has detected another outbreak of African swine fever at a pig breeding farm near the north eastern city of Ruse, after the deadly virus was discovered earlier this month, the food safety agency said on Wednesday. That was the …

HDI Global Specialty Buys Specialist Swedish MGA, Svedea AB

HDI Global Specialty SE has strengthened its position in Sweden with the acquisition of alternative specialty lines managing general agent, Svedea AB. Svedea is one of the three largest insurers of yachts, motorcycles and snowmobiles in the Swedish market, with …

Group of German Companies – Including BASF, Siemens, Roche – Hit by Cyber Attacks

German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed Chinese group. Public broadcaster ARD …