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Amish Communities Quickly Repair Tornado Damage in Michigan and Indiana

No contractors, no repair estimates, no haggling with the insurance company: After a tornado struck an Amish community in Michigan, the work was underway even before the National Weather Service could assess the damage. Meteorologists make site visits to determine …

Update: UN Shipping Agency Strikes Deal on Fuel Emissions, CO2 Fees

Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels. The U.S. …

Arthur J. Gallagher Completes Buy of Woodruff Sawyer

Just over a month since insurance brokerage Arthur J. Gallagher & Co. said it had a definitive agreement in place to buy Woodruff Sawyer for $1.2 billion, the deal is closed. Gallagher said April 10 that the acquisition of San …

Novatae Risk Buys Up Ajax Specialty Insurance in Atlanta

Dallas-based Novatae Risk Management, part of World Insurance Associates, has purchased Ajax Specialty Insurance, a wholesaler based in Atlanta. Andy Bierbaum is the owner of Ajax. He founded the company in 2012 and in 2018 brought in co-owner and partner …

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers tech E&O coverage for clients …

Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived

The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …

NYC Tourist Helicopter Crashes in Hudson River, Killing Six

A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …

Sweden Ousts Top Financial Services Regulator After Public Outcry

Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, according to a …

Sarah Palin, New York Times to Face Off in Defamation Retrial

Sarah Palin and the New York Times are headed back to a courtroom where the former Alaska governor and Republican vice presidential candidate will try convincing a second jury the newspaper defamed her in an editorial about gun control. A …

People Moves: Willis Names Spinelli Head of Transactional Claims; Amadori Joins Zurich From Markel to Head Management Liability; BHSI’s New Casualty Leaders

Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertical division, overseeing the entire life …

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