High School Student Sued for Activating Virginia Hotel Room Sprinkler June 26, 2019 A hotel’s insurance company has sued a high school student it claims caused more than $690,000 in damage by activating...
Philadelphia Refinery Fire Out, Probe into Cause of Blaze to Begin June 26, 2019 A fire in a Philadelphia refinery struck by explosions and a pre-dawn blaze last week has now been extinguished as...
BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement June 26, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker...
Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia June 26, 2019 Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The...
Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks June 26, 2019 A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed...
Specialty Broker Ed Expands to Bermuda June 25, 2019 Reinsurance and specialty broker Ed said it has received regulatory approval from the Bermuda Monetary Authority for its new operation...
Vote Expected on Federal Funds to Test Connecticut Crumbling Foundations June 25, 2019 Federal legislation that sets aside $4 million in federal funds to study the effects of the mineral pyrrhotite on concrete...
World Insurance Associates Acquires New Jersey’s Links Insurance Services June 25, 2019 World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC...
Report Says Major Hurricane Could Cost Virginia $40B June 25, 2019 Experts say that southeastern Virginia could suffer $40 billion in losses if it’s struck by a major hurricane. Professors from...
Credit Rating of Federated Rural Electric Insurance Exchange in Kansas Upgraded June 25, 2019 AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength...