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Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe
Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic Circle. Her business, Setra Group AB, …

POSTED DECEMBER 12, 2018 8:25 AM
AXA XL’s E&S Casualty Insurance Names 2 U.S. Product Leaders
AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly Smid joins AXA’s E&S team to …

POSTED DECEMBER 12, 2018 8:00 AM
Willis Towers Watson Names Creedon Construction Leader for North America
Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry veteran, is returning to Willis Towers Watson where he …

POSTED DECEMBER 12, 2018 8:00 AM
USG Insurance Services Adds Guidry in Covington, Louisiana
USG Insurance Services Inc., a national wholesaler and MGA, has hired Dylan Guidry as producer/broker in its Covington, Louisiana, branch. Guidry brings over 20 years of experience in the insurance industry. Most recently he held an underwriting position at AmWINS …

POSTED DECEMBER 12, 2018 6:53 AM
J&J Begins Settling Pinnacle Hip Implant Defect Claims
Johnson & Johnson has begun settling consumers’ claims that it sold artificial hips knowing they were defective, marking the first settlements in the seven-year-old litigation. A federal judge in Texas overseeing the cases said about 3,300 of 10,000 “have settled …

POSTED DECEMBER 12, 2018 6:00 AM
Professor Fired for Publicly Criticizing Kentucky Governor Settles Suit for $620K
The University of Kentucky has settled a lawsuit filed by a former public health dentist who said he was fired from the school for publicly criticizing Republican Gov. Matt Bevin’s plan to overhaul the state’s Medicaid program. The Lexington Herald-Leader …

POSTED DECEMBER 12, 2018 6:00 AM
Senate Passes Farm Bill with Crop Insurance, Food Stamps, Hemp Farming
The Senate passed a five-year farm bill renewing agricultural subsidies and food aid for low-income families after weeks of negotiations over work requirements for food stamp recipients and a last-minute snag over forestry provisions. The $867 billion measure, which also …

POSTED DECEMBER 12, 2018 6:00 AM
AIG Arranges First CLO Deal Since Financial Crisis
American International Group Inc. has returned to the red-hot collateralized loan obligation market as an asset manager with its first sale since the financial crisis. The $500 million transaction is being arranged by Credit Suisse Group AG, and its most …

POSTED DECEMBER 12, 2018 6:00 AM
The Hilb Group Acquires Huckaby & Associates of South Carolina
The Hilb Group, LLC (THG) has acquired South Carolina-based Huckaby & Associates, Inc. The transaction became effective Dec. 1, 2018. Founded in 1976, Huckaby provides a full range of property and casualty insurance products to businesses and individuals throughout South …

POSTED DECEMBER 12, 2018 5:47 AM
Report: More Than 87K Floridians Dropped by Home Insurers Last Quarter
State records show home insurers have dropped the policies of more than 87,000 Floridians in the third quarter of this year. The Palm Beach Post reports that state records also show half of the state’s top 10 property insurers served …

POSTED DECEMBER 12, 2018 5:40 AM

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