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News – Insurance Journal
The Hilb Group Acquires Massachusetts’ Group Brokerage Insurance Agency
The Hilb Group LLC (THG) has acquired Group Brokerage Insurance Agency LLC (GBIA). The transaction became effective January 1, 2020. Located in Waltham, Mass., GBIA is an employee benefits agency primarily providing group medical, dental, life, short and long-term disability …
POSTED JANUARY 29, 2020 12:40 PM |
Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions
Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said. With 132 deaths in …
POSTED JANUARY 29, 2020 12:15 PM |
Risk Strategies Acquires Maryland’s Weaver Brothers Insurance
Risk Strategies, a Boston, Mass.-based, privately held national insurance brokerage and risk management firm, has acquired Weaver Brothers Insurance Inc., a full-service brokerage based in Bethesda, Md. Terms of the deal were not announced. Founded in 1988 with roots dating …
POSTED JANUARY 29, 2020 12:11 PM |
Coronavirus Impact: Growing List of Global Firms Cut Back on China Business Activities
Starbucks Corp. has closed more than half of its coffee shops in mainland China — about 2,000 of them — and Toyota Motor Corp. is halting production in the country, as global corporations grapple with a SARS-like coronavirus that has …
POSTED JANUARY 29, 2020 8:04 AM |
Travelex’s UK Money Transfer and Wire Services Operational After Ransomware Attack
Travelex’s UK international money transfer service and wire offering is fully operational again, it said on Tuesday, almost a month after a crippling ransomware attack forced staff to use pen and paper to calculate foreign currency exchanges. The cyber attack …
POSTED JANUARY 29, 2020 7:30 AM |
Firms Involved in Building Work on London’s Grenfell Tower Take No Blame for 2017 Fire
Firms involved in building work on London tower bloc that caught fire have sidestepped any responsibility for the 2017 tragedy that killed 72 people, a lawyer for the inquiry said. As the second phase of an inquiry into the Grenfell …
POSTED JANUARY 29, 2020 7:25 AM |
Australia’s Capital, Canberra, Faces Worst Bushfire Threat in 17 Years
Canberra, Australia’s capital that’s surrounded by bush, is facing its worst wildfire threat in 17 years as a blaze sparked by a military helicopter approaches the city amid heatwave conditions. Residents in Canberra’s southern suburbs should be vigilant after the …
POSTED JANUARY 29, 2020 7:00 AM |
Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?
Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those transformations to occur is …
POSTED JANUARY 29, 2020 7:00 AM |
At Least 8 Killed, 35 Vessels Burned in Alabama Marina Fire
A massive fire that killed at least eight people and destroyed dozens of boats in an Alabama marina early Monday was spread so rapidly by the wind that “we didn’t have time to do nothing,” said one resident who survived …
POSTED JANUARY 29, 2020 6:49 AM |
UPDATE: Big Quake Shakes Miami and Caribbean, Damage Minor
A major earthquake struck south of Cuba on Tuesday, sending shockwaves as far as Miami and sparking panic in the Cayman Islands where it ripped open sinkholes, but did not do serious damage to people or property, initial reports said. …
POSTED JANUARY 29, 2020 6:41 AM |
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