INSURANCE NEWS
Historic Homes May Prove to Be More Resilient Against Floods
Whenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood flooring, tear down the old plaster walls and install new, flood-resistant materials. It’s a hurried approach that’s likely to occur across …
Core Specialty Completes Buy of Hallmark’s E&S Operations for $40M
Core Specialty Insurance Holdings, Inc. and its subsidiaries said Oct. 7 that it has completed the acquisition of Hallmark Financial Services, Inc.’s excess & surplus lines operations for approximately $40 million in cash. The business acquired from Hallmark represents that …
California Department of Insurance Investigation Leads to Arrest of Two Men
A joint investigation into alleged illegal actions by bounty hunters has led to the arrest of two people. National City Police supported by the California Department of Insurance investigators and federal and local agencies executed arrest warrants on Daniel Johnathan …
M4.4 Earthquake Confirmed in Northwest Oregon
A 4.4 magnitude earthquake struck northwest Oregon, the U.S. Geological Survey confirmed. No damage was reported but KOIN reports that people from Albany to the Portland metro area reported feeling the temblor on Friday. According to the USGS, the earthquake …
California Updating Tsunami Hazard Maps for Seven Counties
The California Geological Survey has released updated tsunami hazard maps for seven counties to help users determine whether they are in areas at risk for inundation and for planning. The revised interactive maps released Friday cover San Diego, Santa Cruz, …
Idaho Gender Discrimination Lawsuit Settled
An Idaho city has settled a federal discrimination lawsuit with a former library employee who said they were harassed and discriminated against because they are non-binary and transgender, the Idaho Statesman reports. Perez filed a lawsuit against Boise, the former …
Hurricane Julia Hits Nicaragua Bringing Torrential Rainfall
MEXICO CITY (AP) – Hurricane Julia hit Nicaragua’s central Caribbean coast on Sunday after lashing Colombia’s San Andres island, and a weakened storm was expected to emerge over the Pacific. Julia hit as a Category 1 hurricane early Sunday with …
People Moves: Smith Named President of BoMont Group in Alabama
BoMont Group, an insurance brokerage and consulting firm based in Birmingham, Alabama, has named a former Floridian as president of the company. Griffin Smith, who earned his bachelor’s degree from Chipola College in Marianna, Florida, and started his insurance career …
Lockton Launches Entertainment & Sports Practice for Caribbean, Central America
Lockton Caribbean & Central America (CCA) announced the launch of the insurance broking industry’s first Entertainment & Sports practice focusing exclusively on the region. The new practice within Lockton CCA – the Miami-based wholesale insurance and reinsurance operation focused on …
Fan Sues Patriots Over Alleged Damage to Brady-Autographed Flag
The New England Patriots caused irreparable damage to a U.S. flag signed by Tom Brady by improperly displaying it in the team’s hall of fame at Gillette Stadium, the flag’s owner contends in a federal lawsuit. After it had been …
Second Singtel Unit Hit by Cyber Attack, Weeks After Massive Optus Data Breach
Singapore Telecommunications Ltd. said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit – Optus. The breach …
People Moves: IQUW Taps Carpenter’s Fisher as President; Consilium Snags 6 for Financial Lines From Ed Broking; Aon Commercial Risk Solutions Promotes 2 in EMEA
This edition of International People Moves details appointments at Consilium, IQUW and Aon Commercial Risk Solutions in EMEA. A summary of these new hires and promotions follows here. IQUW Taps Former Carpenter Exec Fisher as President Property and Specialty re/insurer …