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Cyber Incidents Most Feared BI Trigger for Global Companies: Allianz Risk Report
Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply chain disruption – ranks as …

POSTED JANUARY 17, 2018 12:53 PM
Alera Group Acquires New Jersey’s FIRM Inc.
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired FIRM Inc., an insurance agency located in Mahwah, N.J. Terms of the transaction were not disclosed. FIRM Inc. provides clients with tailored property …

POSTED JANUARY 17, 2018 11:57 AM
Unlicensed Contractor Sentenced to Prison for Fraud in Massachusetts
An unlicensed home improvement contractor whose false promises left an elderly Massachusetts woman’s home in ruins and others temporarily homeless is heading to prison. The Salem News reports that 49-year-old Jaime Ford was sentenced to two years in prison Thursday …

POSTED JANUARY 17, 2018 11:23 AM
Starkweather & Shepley Hires Corner II as a Construction and Surety Specialist
Starkweather & Shepley Insurance Brokerage Inc. hired Russell Corner II as a construction and surety specialist. Corner’s key responsibilities in this role include managing relationships with current and prospective clients, as well as bringing in new business. He will focus …

POSTED JANUARY 17, 2018 11:17 AM
EU Will Reap Benefits of London Staying Strong Financial Hub After Brexit: Opinion
Last week, the U.K. government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much to gain from keeping London as …

POSTED JANUARY 17, 2018 10:35 AM
Iran Oil Tanker Creates Oil Slicks Covering 42 Square Miles: Chinese Government
An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said late on Tuesday, as maritime police scour for damage and prepare …

POSTED JANUARY 17, 2018 10:09 AM
UK’s Thomas Cook Partners with Fintech Firm to Offer Pay-Per-Day Travel Cover
British travel company Thomas Cook has partnered with fintech firm Revolut to launch a “pay-per-day” travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones. Revolut, the digital bank start-up, said it …

POSTED JANUARY 17, 2018 9:25 AM
Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment
The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is getting bigger. The protection gap is the difference between insured losses and economic losses, or uninsured losses. The protection gap …

POSTED JANUARY 17, 2018 8:30 AM
Ascent Launches Allied Health Professional Liability Product
Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a combination of cyber cover, regulatory billings coverage and medical liability insurance …

POSTED JANUARY 17, 2018 7:04 AM
Florida Casino Boat Fire that Killed 1 Under Investigation
A casino company said Monday it never had a problem with the shuttle boat that burst into flames off Florida’s Gulf Coast, leading to the death of a female passenger. Tropical Breeze Casino spokeswoman Beth Fifer said the company does …

POSTED JANUARY 17, 2018 6:54 AM

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