Month: August 2018

SIAA Promotes Tombarelli and Holmes, Expands Their Roles

National eccentric group fondness SIAA (Strategic Insurance Agency Alliance) has promoted dual executives, Steve Tombarelli and Jeff Holmes, and stretched their roles. Tombarelli is now comparison clamp president, Business Expansion Innovation. He will keep altogether shortcoming for a blurb lines expansion initiative, Business Insurance Advantage, and will also have...

Indictment Says Maryland Restaurateur Plotted to Burn Restaurant, Frame Wife

Federal prosecutors contend a Maryland grill owners was underneath pressure, confronting an imminent divorce and financial ruin. His solution, they say, was to bake down his grill for word money, and implicate his soon-to-be ex-wife as a terrorist. The Capital reports a sovereign complaint unblocked Monday says 51-year-old Khalil...

Delaware Teen Charged in Store Fire That Caused $3M in Damage

A Delaware teen is indicted of starting a glow during a Family Dollar store that caused an estimated $3 million in damages. Harry Miller with a State Fire Marshal’s Office tells news outlets that a 16-year-old child was charged Wednesday in tie with Monday’s arson. Miller says a dusk...

A.M. Best Upgrades Ratings of PURE Group

A.M. Best has upgraded a Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and a Long-Term Issuer Credit Ratings to “a” from “a-” for both members of a PURE Group of Insurance Companies (PURE). The members, both domiciled in Fort Lauderdale, Fla., are Privilege Underwriters Reciprocal Exchange...

Solar Projects in Oregon Getting Insurance to Guarantee Production

GCL New Energy Holdings Ltd. is handling a risk associated to a indeterminate inlet of a sun, with an insurance-like process that will pledge a prolongation from solar projects it’s building in Oregon. KWh Analytics, a San Francisco-based risk-management program company, structured a coverage for a 50-megawatt solar portfolio,...

Woodruff Sawyer in California Names Scales Vice President

San Francisco, Calif.-based Woodruff Sawyer has named Jen Scales clamp boss and comment executive in a worker advantages practice. Scales has some-more than 15 years of knowledge in a word industry, carrying spent time in business growth and risk consulting roles during both ABD and Sequoia Consulting Group before...

Markel to Acquire Insurance-Linked Securities Manager Nephila

Specialty insurer Markel Corp. has concluded to acquire all of a superb shares of Nephila Holdings, a standalone insurance-linked holds manager. Nephila, has some-more than $12 billion of resources underneath government for over 300 investors. Its income is essentially from government and inducement fees. Richie Whitt, Markel’s co-chief executive...

Bill to Expand Harassment Training Requirements Passes California Assembly

The California Assembly on Thursday voted unanimously on a devise to residence workplace passionate nuisance and enhance a requirement for nuisance training to tiny businesses. Current law requires all employers with 50 or some-more employees to yield dual hours of passionate nuisance impediment training usually to supervisors. Senate Bill...

6 Small Businesses Share Disaster Recovery Stories

As tiny business owners in Hawaii and California purify adult following Hurricane Lane and wildfires, they’ll find there’s no one regulation for recovery. The same disaster can fleece businesses in anomalous ways – a whirly competence rip a roof off one restaurant, inundate another and leave a third with...

Prosecutors: Possible Negligence in Missouri Duck Boat Sinking

The U.S. Coast Guard has found illusive means that a falling of a traveller vessel on a Missouri lake final month that killed 17 people “resulted from a misconduct, negligence, or oversight to a duties” by a captain of a boat, according to a probity suit filed by sovereign...