Insurance
Lawmakers from Western States Want More Done to Confront Wildfire Crisis
Lawmakers from several western states want the U.S. Forest Service to do more to address a wildfire crisis that they say will surely destroy more landscapes, communities and livelihoods as long-term drought persists around the West. They grilled Forest Service …
Read More Hub Acquires The Wooditch Company in California
Hub International Ltd. acquired the assets of The Wooditch Company Insurance Services Inc. in Irvine, California. The Wooditch Company team will join Hub LAOC. The Wooditch Company is a privately held commercial insurance, risk management and employee benefits services firm …
Read More Leavitt Group Expands with Another North Carolina Agency Acquisition
Leavitt Elite Insurance Advisors, part of the multi-state Leavitt Group, has merged with another North Carolina agency. Simmons Insurance Agency, with offices in Pilot Mountain and Mount Airy, was founded in 1973 and has been managed by Pam Morgan since …
Read More BMS Group Acquires Australian MGA GARD Insurance
BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not been disclosed. GARD was founded in 2015 and provides public …
Read More Markets/Coverages: RSA Insurance Launches Superyacht Practice, Led by Chubb’s Grew
RSA Insurance announced it is launching a Superyacht practice, providing comprehensive cover for the larger end of the market, which is traditionally professionally skippered and crewed. The practice will be led by Emily Grew, who will join as a senior …
Read More Natural Gas Pipeline Restored After Lightning-Sparked Inferno in Mississippi
Natural gas is flowing again in a Mississippi pipeline after a towering blaze Friday that officials believe was caused by a lightning strike. The pipeline’s owner, TC Energy Corp. of Calgary, Alberta, said Saturday that it had “completed operational adjustments.” …
Read More Recovery Continues After Tornado Hits Palm Beach Gardens
A tornado touched down in Palm Beach Gardens, Florida, on Saturday as a powerful storm system brought intense rain and powerful winds to the state, overturning cars, damaging homes and snapping tree branches. The National Weather Service in Miami said …
Read More Markets/Coverages: WTW Launches End-to-End Trading Platform to Connect Broker, Insurer Systems
WTW, the global advisory, broking and solutions company, announced the global launch of Neuron, a sophisticated digital insurance platform. Neuron uses cutting-edge technology to help underwriters and brokers connect and trade more easily, improving the speed and cost of doing …
Read More Burning Oil Tanker Off Malaysian Rings Alarm Bells About Shadow Fleet
Three crew members are missing from a Gabon-registered tanker that caught fire on Monday in the South China Sea, a Malaysian maritime enforcement agency official said on Tuesday. The Pablo, an Aframax-class crude oil tanker whose insurers are unknown, was …
Read More Louisiana Parish Sues FEMA Over Flood Rate Information
A Louisiana parish is suing FEMA for withholding flood insurance rating methodology, alleging the agency has denied residents from viewing data used to set rates under the National Flood Insurance Program’s Risk Rating 2.0. St. Charles Parish filed suit in …
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