Industry News

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Insured Losses for Europe’s Windstorm Thomas Rise to $279.2M: PERILS  
May 23, 2017
The latest property insured loss estimate for Windstorm Thomas, which on Feb. 23-24 hit the British Isles, the Netherlands, Belgium and Germany, is €249 million (US$279.2 million), according to PERILS, the independent Zurich-based organization that p …

Pennsylvania’s Lacher & Associates Acquires Brunner Insurance
May 23, 2017
Lacher & Associates of Souderton, Penn., has acquired Brunner Insurance of Richlandtown, Penn. Founded by Gus Brunner in 1960, Brunner Insurance specializes in providing for the insurance needs of families and businesses. In 1995, Brunner transit …

Maine’s Clark Insurance Appoints Ellis and Fifield as Senior Account Executives
May 23, 2017
Clark Insurance, a Portland, Maine-based independent insurance agency, has appointed Joshua Ellis and Joshua Fifield as senior account executives in the business insurance department of Clark Insurance. Ellis joined Clark in 2009 after serving as a c …

Uber Drivers Arrested in Hong Kong for Driving Without Insurance
May 23, 2017
Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of a clamp down against Uber Technologies Inc.’s operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based technology co …

JLT Specialty USA Appoints Levitt as Executive Vice President in New York
May 23, 2017
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), has appointed Gabe Levitt as executive vice president. Based in New York, Levitt will join JLT’s New York office and focus on servicing private equity firms, real …

China Firms View Political Risks as Top Concern for Belt & Road Project
May 23, 2017
As the global limelight fades from President Xi Jinping’s “Belt and Road” summit, the main actors — Chinese state-owned companies — are warning about the political risks they face along the route. Earlier this month Xi outlined plans to direct … …

Britain Reels from Suicide Attack; Children Among 22 Dead
May 23, 2017
Britain is reeling from last night’s terror attack that killed 22 people at a concert by U.S. pop star Ariana Grande in the northern city of Manchester. It bore all the hallmarks of a suicide bombing and children are among …

North Carolina Woman Awarded $1.5M in Construction Safety Whistleblower Suit
May 23, 2017
A federal jury has awarded $1.5 million to a former North Carolina fire investigator who said she was fired after complaining about the safety of construction work at an office building. The Charlotte Observer reported that a jury ruled May …

Tennessee Insurance Producer Fined $400K for Misappropriation of Client Premiums
May 23, 2017
The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll, Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting …

Today’s Climate of Crime, Safety and Security at Schools, Colleges
May 23, 2017
One in every 5 middle and high school students has complained of being bullied at school and the number of reports of sexual assault on college campuses has more than tripled over the past decade, according to a federal study. …

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