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Zurich Acquires UK Online Rental Car Insurance Provider, Halo
Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not disclosed. Zurich said it is becoming increasingly active in the fast-growing …

POSTED JUNE 28, 2017 11:49 AM
Businesses Underestimate Long-Term Effects of Cyber Attacks: Lloyd’s Report
Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft. As businesses increasingly become the target …

POSTED JUNE 28, 2017 11:00 AM
Ex-Executive in Maryland Sentenced for Stealing $4.5M from Firm
A former executive for a national construction company who, federal prosecutors say, stole $4.5 million from her employer and spent it on expensive cars and restaurant meals has been sentenced. Forty-six-year-old Wendy Collins pleaded guilty to wire fraud. She was …

POSTED JUNE 28, 2017 10:44 AM
Pennsylvania’s Penn Community Bank Hires Three
Penn Community Bank, a Bucks County, Penn.-based independent, mutual financial organization, has hired three professionals to its administrative, lending, and insurance teams. Peter R. Palumbo joins Penn Community Bank as a mortgage loan officer, and Renee Schoeller joins as an …

POSTED JUNE 28, 2017 10:40 AM
Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations
When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …

POSTED JUNE 28, 2017 10:11 AM
Kinsale Launches Liability Product for Public Officials
The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or appointed public official, or an employee. Employment …

POSTED JUNE 28, 2017 4:37 AM
A.M. Best Revises Outlooks to Negative for Georgia Farm Bureau Group Members
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau Mutual Insurance Company (GFBMIC ) and …

POSTED JUNE 28, 2017 4:21 AM
West Virginia City Sues Liberty Mutual for $20M Over Claim Denial
A West Virginia city has filed a federal lawsuit seeking a $20 million insurance claim to cover damages at its hydroelectric plant. The Intelligencer reports that the lawsuit was filed this month in U.S. District Court in Wheeling. The city …

POSTED JUNE 28, 2017 4:20 AM
Commentary: Florida High Court Med Mal Award Cap Ruling Ignores Market History
In its recent ruling that the cap on noneconomic damages for personal injury awards or settlements in medical negligence cases was unconstitutional, the Florida Supreme Court ignored why these caps were put into place—to ensure patients’ access to care and …

POSTED JUNE 28, 2017 4:05 AM
‘WannaCry’-Like Cyber Attack Spreading to Firms Globally
A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC, advertiser WPP Plc. and …

POSTED JUNE 28, 2017 12:21 AM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Heil and Kay Insurance Agency Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.


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