Month: October 2018

Willis Research Network Renews Partnership with Global Earthquake Model Foundation

The Willis Research Network (WRN) announced it has renewed a partnership with a Global Earthquake Model (GEM) Foundation. The agreement represents a continued joining to operative collaboratively in sequence to rise and foster improved bargain of trembler risk. “The truly tellurian inlet and abyss of a work undertaken by...

EMC Insurance Exits Personal Lines Business; Safeco to Accept Accounts from Agents

Liberty Mutual’s Safeco word has concluded to accept a $132.5 million in personal lines business of Iowa-based EMC Insurance Companies. Safeco is charity EMC’s eccentric agents a event to transition their EMC personal lines policies to Safeco commencement a initial entertain of 2019. Des Moines-based EMC pronounced it has...

Utility Says Massachusetts Pipeline Replacement to be Completed This Week

The tube ascent work that triggered healthy gas explosions and fires in 3 Massachusetts communities final month is slated to be finished this week forward of schedule. Columbia Gas pronounced in a newsletter to business Monday that deputy of about 45 miles of gas mains and scarcely 6,000 use...

Risk Strategies Acquires Maryland’s Arkin Youngentob Associates

Risk Strategies, a secretly held, inhabitant word brokerage and risk supervision firm, has acquired Arkin Youngentob Associates, a full-service worker and executive advantages organisation headquartered in Bethesda, Md. Terms of a understanding were not disclosed. Founded in 1981, Arkin Youngentob has imagination in artistic pattern and swap appropriation structures...

QBE Canada Unveils New Leadership Team, Including Thompson as Director

QBE Canada denounced a new care team, that is being led by Jamie Thompson, who took on a purpose as executive of Canada progressing this year. In this role, Thompson has slip of QBE’s Canadian customers, including those who squeeze word from QBE’s Lloyd’s operation. Thompson has worked for...

Connecticut Insurance Department Approves Rate Decrease of Nearly 17% for 2019

The Connecticut Insurance Department has authorized a scarcely 17 percent diminution in rates for workers’ remuneration insurance, imprinting a fifth uninterrupted year that rates have forsaken in Connecticut. “This solid dump – scarcely 50 percent over a final 5 years – has helped business owners with one of their...

Waymo Cleared to be First in California for Testing Without Backup Driver

Alphabet Inc.’s Waymo section on Tuesday became a initial association to accept a assent from a state of California to exam driverless vehicles but a backup motorist in a front seat, a state’s Department of Motor Vehicles said. California pronounced Waymo can use about 3 dozen exam vehicles but...

RenaissanceRe to Acquire Tokio Millennium Re in $1.5 Billion Deal

Bermuda-based RenaissanceRe Holdings has concluded to compensate about $1.5 billion to acquire Tokio Marine’s reinsurance height (TMR), that includes Tokio Millennium Re AG and Tokio Millennium Re (UK). If shutting discernible book value is unvaried from Jun 30, 2018, Tokio Marine would accept approximately $1.5 billion in money and...

Most of Southeast Mostly Drought-Free But Alabama, Georgia Worsening

The Southeastern United States is mostly giveaway of drought, though a new sovereign comment shows conditions are worsening somewhat in Georgia and Alabama. A new map expelled final week by a U.S. Drought Monitor shows about one-third of Georgia is possibly abnormally dry or in a assuage drought. About...