insurance broker News

Survey: Execs Fall Short in Protecting Businesses Against Main Risks

A newly released survey revealed that nearly three quarters of business leaders are most concerned about potential risks associated with healthcare costs and cyber security threats to their organizations. The Graham Company, a Mid-Atlantic region’s insurance and employee benefits brokerage …

Former West Virginia Governor Caperton Joins Insurance Broker

Former West Virginia Gov. Gaston Caperton has been appointed as a senior adviser to an insurance broker. USI Insurance Services says in a news release that Caperton will help strengthen the company’s client base in Kentucky, Virginia and West Virginia …

Law Firms Seeing Rise in Malpractice Claims Severity

Although the frequency of law firm malpractice claims has begun to level off following a post-recession surge, their severity has continued to increase. A new study by insurance broker Ames & Gough finds most leading legal malpractice insurers had a …

New Jersey Insurance Broker Sentenced in Bribery Scheme

Federal prosecutors say an insurance broker who played a key role in a bribery scandal involving the former superintendent of a southern New Jersey school district is now headed to prison. Frank Cotroneo of Chester Township received a 37-month sentence …

Rare November Storms Cost Tops $1 Billion: Aon

Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon Plc. Insurers estimated losses in the hundreds …

Metro Settles Lawsuit Resulting From 2009 Crash in Washington D.C.

Metro has agreed to settle a lawsuit against its insurance broker that stemmed from the 2009 red line crash in Washington, D.C. that killed nine people. After the crash, Metro sued insurance broker Aon, which put together the insurance that …

Willis North America Launches Claim Closure Service

Willis North America, a unit of Willis Group Holdings, a global risk advisor and insurance broker, announced the rebranding of its Strategic Outcomes Practice to Risk Control and Claim Advocacy Practice, effective immediately. The rebrand is part of Willis’ realignment …

Insurance Broker Charged With Defrauding Tom Hanks

A California insurance broker pleaded not guilty Wednesday to allegations he overcharged Tom Hanks, the former guitarist of The Police and others hundreds of thousands of dollars for insurance premiums. Jerry B. Goldman, who was arrested at his Thousand Oaks …