A hotel’s insurance company has sued a high school student it claims caused more than $690,000 in damage by activating a sprinkler inside one of its rooms. The Virginian-Pilot reports Landstown High School senior Cade Anderson stayed at the hotel …
A fire in a Philadelphia refinery struck by explosions and a pre-dawn blaze last week has now been extinguished as an investigation is launched into what caused it, authorities said. The blaze at the Philadelphia Energy Solutions Refining Complex, the …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker as head of Customer and Broker Engagement. “I’m extremely pleased to have Mark leading our efforts to expand our broker …
Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The deal is subject to regulatory approval and is expected to close in the third quarter of 2019. Financial details of …
A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks. The Product Innovation Facility is led by senior underwriters …
Reinsurance and specialty broker Ed said it has received regulatory approval from the Bermuda Monetary Authority for its new operation in Bermuda. Ed Bermuda will provide its multiline broking services through TradEd, its proprietary trading platform. Opening in Bermuda underpins …
Federal legislation that sets aside $4 million in federal funds to study the effects of the mineral pyrrhotite on concrete aggregate has advanced in the U.S. Congress. Democratic U.S. Joe Courtney, whose eastern Connecticut district includes homeowners with basements crumbling …
World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC of Wall, N.J., on June 13, 2019. Links Insurance Services LLC was established in October 2001. The agency seeks to …
Experts say that southeastern Virginia could suffer $40 billion in losses if it’s struck by a major hurricane. Professors from Old Dominion University said in a recent report that the damages could seriously puncture the regional economy. The June 12 …
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Federated Rural Electric Insurance Exchange (Federated Rural) in Lenexa, Kansas. The outlook for the …
