INSURANCE NEWS
Dredging Company Paying $1M for Restoration in Louisiana Oil Spill
A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an oil pipeline during barrier island restoration work off Louisiana in 2016. Great Lakes Dredge & …
Noguchi & Associates, ori-gen to Establish Hawaii Division
Noguchi & Associates is partnering with ori-gen Agency Insurance Services to launch a Hawaii-based division. The new ori-gen Hawaii division will be led by Noguchi & Associates’ President Mitchell Noguchi. ori-gen will join with the Hawaii-based staff to support expansion …
Yellowstone Reopens After Changes Wrought by Flood
Hundreds of cars, trucks and recreational vehicles were backed up in long lines at entrances to Yellowstone National Park as it partially reopened Wednesday morning following record floods that reshaped the park’s rivers and canyons, wiped out numerous roads and …
Supreme Court Voids New York Gun Permit Law, Establishes Right to Carry Outside Home
The U.S. Supreme Court struck down a New York law that required people to show a special need to carry a handgun in public, ruling for the first time that the Second Amendment protects gun rights outside the home. The …
People Moves: Ed Broking’s Baird Takes Leadership Role at Aventum; Chubb Appoints AGCS’ Nicklin as Global Client Executive for UK, Ireland
This edition of International People Moves details appointments at re/insurance broker Consilium and the insurer Chubb. A summary of these new hires follows here. Ed Broking’s Baird Takes Leadership Role at Aventum Consilium, the international re/insurance broker, part of The …
‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud
The head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold and other damage to his …
Financial Conduct Authority Fines JLT Specialty £7.8 million
The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime control failings, which in one instance CFA said allowed bribery of more than $3million to take place. JLT Specialty, which …
New Research Reveals U.S. Gas Pipeline Leaks Have Not Improved
Over 2,600 hazardous gas pipeline leaks in the United States caused more than $4 billion in damages and emergency services, killed 122 people, and released 26.6 billion cubic feet of fuel as methane or carbon dioxide, according to a report …
Alacrity Solutions Acquires Property Damage Appraisers In Texas
Alacrity Solutions Group LLC acquired Property Damage Appraisers in Fort Worth, Texas. PDA is an independent specialty and auto damage appraisal firm.. PDA’s corporate The transaction with PDA is Alacrity’s 11th acquisition since 2015. Alacrity Solutions, based in Fishers, Indiana, …
People Moves: Safety National Shuffles Management, Names Hercules New CEO
Safety National Casualty Corp. said as of June 14 it made changes to its executive management structure and moved Duane Hercules from president to CEO. Mark Wilhelm, formerly chairman and CEO, became executive chairman. Here, Wilhelm will be responsible for …
No Injuries Reported From New Jersey Forest Fire Now Largely Contained
A forest fire burning in southern New Jersey was 95% contained as of late afternoon Tuesday, and firefighters were confident it would not spread beyond perimeter lines they had created. The fire in Wharton State Forest is believed to have …
UK Should Avoid Hasty Financial Services Reforms Following Brexit: Lawmakers
Britain should avoid hasty reforms to make its financial sector more globally competitive after the industry’s separation from the European Union by Brexit, a parliamentary report said on Thursday. The finance ministry has proposed scores of changes to rules governing …