I N S U R E N
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‘Take the money and run’? Homeowners face tough choices post-LA fires

Insurers have already paid our $ 4.2 billion in claims to the victims of Los Angeles forest fires Source link

Safeguarding telecom businesses against wildfire risks

“Forest fires significantly affect telecommunications infrastructure, particularly in the delivery of the ‘last mile’ of customer service,” said Mercado. “The destruction of towers, cables and other critical assets often results in high costs of reconstruction and interruptions in the...

Insurance Commissioner OKs FAIR Plan Request for $1B Assessment for LA Wildfires

The California Insurance Commissioner Ricardo Lara approved a request from the Justo California Plan for an evaluation of $ 1 billion in the market insurers admitted to cover claims of the Los Angeles forest fires. The Just Plan reported...

Strong Economy Means No Hurry to Cut Rates

The United States Federal Reserve is not in a hurry to reduce its short -term interest rate again given an economy that is “strong in general”, with low unemployment and inflation that remains above 2% of the Fed, The...

Second Sinkhole Closes Lanes on New Jersey Highway

An important New Jersey road has been closed due to a sink for the second time in less than two months. The teams are working to repair a sink on the east side of the 80s interest in Wharton....

Trump’s Cost-Cutters Look to Curb Deloitte, Other FEMA Contracts

Federal Cost Reduction Initiatives promoted by President Donald Trump have focused on the Federal Emergency Management Agency, where expense in consultants such as Deloitte now faces scrutiny. The agency workers have been asked to provide for simple explanations on...

Pen Underwriting Simplifies Divisional Structure in UK & Ireland, With Breslin at Helm

Pen Unwresswriting, the general agent managing with London headquarters, announced a simplified divisional structure to gather the capacities and experience of central commercial subscription throughout the United Kingdom and Ireland. Under the central leadership of Sarah Breslin as managing...

Marsh Names Former AXA XL Exec as UK Chair; Rokstone Taps Howden’s Winsley as Capacity Mgr. and Broker Relationship Dir.

This edition of International People moves the quotes of details in the Marsh Broker and the management of the General Rokstone agency. A summary of these new hiring is still here. Marsh appoints the former execution of Axa XL...

First MainStreet Adds 4 Partner Agencies

First Maintenset Insurance LC has announced the incorporation of four new associated agencies. The Borchardt agency joined the platform on January 1street. Justin Borchardt, owner of third generation insurance, has associated with FMSI and Truenorth to further boost the...

Alera Group Acquires Kaplansky Insurance Agency in Massachusetts

The Kaplannsky Insurance Agency based in Needham, Massachusetts, has been acquired by the National Financial Services firm, Alara Group. This new association provides more than 100 agents to add to property/victims of Alara Group in the Northeast. The Independent...