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Ohio Manufacturer Cited for Safety Violations, Fined $213K

Federal officials have cited Norwalk, Ohio-based American Excelsior Company for workplace safety hazards and proposed $213,411 in penalties against the company after an employee required hospitalization when he suffered a crushed arm. The U.S. Department of Labor’s Occupational Safety and …

Tower Hill Specialty Enters Illinois Property Insurance Market

Ohio-based Tower Hill Specialty is now offering property insurance in Illinois. Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products. Insurance coverages for vacation homes, rental properties and fixer-uppers are some of …

Seeman Holtz Property & Casualty Acquires Spencer Insurance Agency of Florida

Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla. Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25 years. Operating as a family business, offers coverage …

Utility Lays Out Plan Restoring Gas Service After Massachusetts Explosions

A natural gas company is releasing its plan for replacing aging pipelines and restoring service to thousands of homes and businesses affected by the natural gas explosions and fires north of Boston last month. Columbia Gas said Tuesday it’s deploying …

Gas Line Rupture Sparks Fire in Pennsylvania, Injures One Worker

A construction crew repairing a water line accidentally struck a gas main in western Pennsylvania, sparking a fire that injured one worker. The blast in Bethel Park occurred around 2 a.m. Wednesday and burned for about two hours before the …

Man Awarded $1.6M Following Sears Fork Lift Accident in New York

A Connecticut jury has awarded $1.6 million to a man who was seriously injured by a fork lift at a Sears warehouse in 2014. The Connecticut Post reports that the jury ruled in favor of Kevin Reid last Friday. The …

Aon and Fixico Offer Digital Car Repair Solution for Fleet Clients in Belgium

Aon is partnering with Fixico to offer a fully-digital solution to handle car repairs for Aon’s fleet clients in Belgium. Fixico offers a digital platform for car repair handling, which is directly connected to a wide network of selected high-quality …

MGA Ascent Underwriting Appoints Stops from Brit as Head of Cyber

Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit Ltd. where he held the …

Randall & Quilter to Acquire Coffey Group’s Irish Captive

Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has entered into an agreement to acquire Western Captive Insurance Company Designated Activity Company (WCIC) from the Coffey Group of companies in Ireland. WCIC is Coffey’s Irish-domiciled captive insurance company. The …

Japanese Typhoons Put Downward Pressure on Creditworthiness of Insurers: S&P

The recent run of large natural disasters to hit Japan likely has put downward pressure on the creditworthiness of the nation’s three largest non-life insurance groups, according to S&P Global Ratings in a market briefing. Following July’s heavy rains, Typhoon …