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Hawaii’s Kilauea Volcano Spews Fountains of Lava in Latest Eruption

Scientists were bracing for high lava fountains during the latest episode of an ongoing eruption of Hawaii’s Kilauea volcano. Lava fountains have reached heights of 1,000 feet (305 meters) during eruptive episodes in recent weeks, drawing visitors to marvel at …

Marsh McLennan Agency Acquires Pennsylvania’s Arthur Hall

Marsh McLennan Agency (MMA), a business of Marsh, announced the acquisition of Arthur Hall Insurance, a West Chester, Pennsylvania-based insurance agency. Terms of the acquisition were not disclosed. Founded in 1966, Arthur Hall provides commercial and personal lines insurance to …

People Moves: Inszone Promotes Western Leadership; Moreau Joins Alliant as VP in Los Angeles

Inszone Promotes Western Leadership Inszone Insurance Services made a series of leadership promotions in its Western region. Layne Bowen has been promoted to vice president of Utah. Formerly the owner of L.A. Bowen Insurance in Orem, Utah, Layne joined Inszone …

Liberty Mutual CEO Sweeney Elected Chairman, Long Steps Away

Liberty Mutual’s Timothy M. Sweeney, president and chief executive officer, has been elected chairman of Liberty Mutual Holding Co. Sweeney succeeds, David H. Long, who is retiring. Long has been with Boston-based Liberty Mutual for 40 years. He was named …

Trump Temporarily Lowers Tariffs for Most Countries, Raises Them for China

U.S. President Donald Trump said on Wednesday he would temporarily lower new tariffs on many countries, even as he raised them further on imports from China, in a sudden reversal that sent U.S. stocks sharply higher. Trump’s announcement came less …

MNK Group Unveils New Unified Brand

MNK Group has launched a new unified brand, which integrates its broking, MGA, and risk-taking entities to ensure a consistent customer experience. The new group website (groupmnk.com) connects all underlying entities across the UK, Europe, North America, Latin America, Africa, …

China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment

China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset …

People Moves: Inszone Names Strong, Cook Midwestern Leadership

Inszone Insurance Services, headquartered in Rancho Cordova, California, made a series of leadership promotions in its Midwestern region. Jared Strong is now vice president of Illinois. Strong has been with Inszone for five years, previously serving as a producer. Brian …

California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals

Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re in their renewal reports. Reinsurers continued to demonstrate an appetite …

Texas Oil Executives Are Frustrated at Trump for Crushing Crude Prices

The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The president they helped elect was …

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