INSURANCE NEWS
Climate Change, El Niño Bring T-Shirt Weather in December for Northern Hemisphere
It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels more like spring — and forecasters say that’s a sign of what to expect over the next couple of months, …
Authorities in Alaska Suspend Search After Deadly Landslide
Authorities have suspended the search for the 12-year-old boy still missing following a deadly landslide in the southeast Alaska community of Wrangell. Five people have been confirmed killed in the landslide and their bodies recovered: Otto Florschutz, Timothy and Beth …
Patriot Growth Adds Connecticut Benefits Firm
Pennsylvania-based Patriot Growth Insurance Services reports it has acquired Blueprint Benefit Advisors of Hamden, Connecticut. Blueprint provides employee benefits, human resource support, benefits technology, and compliance services. This deal expands Patriot’s footprint in the New England region, which currently consists …
Brown & Brown Acquires Automotive Business Solutions in Colorado
Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. ABS is an administrator of warranty products in …
Berkshire Utility Reaches $299 Million Oregon Fire Accord
Berkshire Hathaway Energy Co.’s PacifiCorp said it will pay $299 million to settle claims over wildfires that burned homes in southwest Oregon, averting another jury trial in litigation that has already exposed the utility to billions in damages. The accord, …
Police Officer and Utility Worker Killed in Hit-and-Run Crash at Work Site
A pickup truck driver in a suburb of Boston is accused of crashing into a police officer and a utility employee at a work site, killing them, then pulling a knife on another officer before stealing his cruiser and crashing, …
Visiting Nurse’s Murder at Halfway House Renews Pleas for Home Health Care Safety
The killing of a Connecticut nurse making a house call in October was a nightmare come true for an industry gripped by the fear of violence. Already stressed out by staffing shortages and mounting caseloads, heath care workers are increasingly …
People Moves: DeCotis Specialty Adds Lyle and Downie to Commercial Lines Team
DeCotis Specialty Insurance, headquartered in Providence, Rhode Island added Lori Lyle as senior commercial lines account manager, and Jay Downie as a commercial lines insurance broker. Lyle joins DeCotis after spending nearly four decades on the commercial insurance retail side. …
Vale-BHP Talks With Brazil on Mine Disaster Compensation Delayed
Talks over a multibillion-dollar settlement for a 2015 mining disaster at an iron ore venture of Vale SA and BHP Group have been suspended by a Brazilian court until early 2024 after the companies and authorities in the country failed …
Britain’s Financial Conduct Authority Must Act Faster: National Auditor Report
Britain’s Financial Conduct Authority (FCA) can take too long to act and a sweeping post-Brexit internal revamp to make it nimbler will take years to complete, the National Audit Office (NAO) said in a report on Friday. The FCA regulates …
People Moves: Newbold Named President of Verisk Extreme Event Solutions; Rudnick Division Manager of FM Global’s AFM
Verisk, headquartered in Jersey City, N.J., named Rob Newbold president of Extreme Event Solutions. Current President Bill Churney will retire effective December 31. Newbold joined Verisk in 2002 as a risk consultant and most recently served as executive vice president …
US, UK Say Russia Targeted Officials in Political Cyber Campaign
The US and UK have launched a coordinated effort to disrupt a longtime alleged Russian government hacking campaign aimed at what they say is an attempt to undermine democratic processes in both their countries. The UK accused Russia’s main intelligence …