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Allstate Says Losses from California Fires $670M, CEO Wants to Address Climate Change
Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax). Catastrophe losses occurring in November comprised six events at an estimated cost of $679 million, pre-tax ($536 million, after-tax), plus …

POSTED DECEMBER 13, 2018 3:32 PM
The Hilb Group Acquires Massachusetts’ Mackintire Insurance Agency
The Hilb Group LLC (THG) has acquired Massachusetts-based Mackintire Insurance Agency Inc. The transaction became effective December 1, 2018. Mackintire is a commercial and personal lines retail insurance agency founded in 1991. Located in Westborough, Mass., the company serves clients …

POSTED DECEMBER 13, 2018 2:32 PM
Rhode Island Equine Insurance Agent Pleads Guilty in $1.3M Fraud Scheme
A Rhode Island insurance agent and agency owner who specializes in providing equine insurance coverage has admitted to operating schemes which defrauded customers, insurance companies and finance companies of approximately $1.3 million. Randall N. Levesque, 57, of Middletown, R.I., is …

POSTED DECEMBER 13, 2018 2:21 PM
Hub Acquires Assets of Pennsylvania’s Nolen Associates, Massachusetts’ Dadgar Insurance
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Nolen Associates Inc. Terms of the transaction were not disclosed. Located in Springfield, Penn., Nolen Associates is a full-service medical malpractice insurance agency representing more than 1,000 …

POSTED DECEMBER 13, 2018 2:00 PM
New York Lawmakers Pledge to Change Laws That Enable Predatory Lending
New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. Brad Hoylman, incoming chairman of the Senate Judiciary Committee, …

POSTED DECEMBER 13, 2018 1:50 PM
Average World Temperatures to Far Exceed Paris Climate Agreement Goals: Report
Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday [Nov. 11]. But the overshoot by the end of this century could be …

POSTED DECEMBER 13, 2018 1:08 PM
Most UK SMEs Don’t Understand Risks of Cyber Attacks, Data Loss: Aon Poll
A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more than eight out of …

POSTED DECEMBER 13, 2018 12:34 PM
Gallagher Bassett Acquires UK-Based Property Claims Management Services
Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating back to 1991, Tamworth, England-based PCMS business provides …

POSTED DECEMBER 13, 2018 10:45 AM
Italian Oil Services Firm Saipem Blames Cyber Attack on Shamoon Virus Variant
A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on …

POSTED DECEMBER 13, 2018 8:49 AM
UK Fintech Startup Revolut Gets EU Banking License in Lithuania
Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, …

POSTED DECEMBER 13, 2018 8:31 AM

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