Insurance
eBIS provides a comprehensive news portal for financial services practitioners. Sourced from over 50 news agencies and web information services, the portal parses feeds daily into news categories that are relevant to your industry role. From updates on the latest regulatory events and headline financial stories to news on industry horizontals to technology specific trends, our news portal provides information categories for your area of interest. A custom filter tool allows you to sort news by date, category or keyword. Give it a try…
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12/16/2018
The Charity Issue; Photos of Your Organization Involved in Charity Work; IJ’s Agents of the Year……
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12/16/2018
The Charity Issue; Photos of Your Organization Involved in Charity Work; IJ’s Agents of the Year……
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12/16/2018
The Charity Issue; Photos of Your Organization Involved in Charity Work; IJ’s Agents of the Year……
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12/16/2018
The Charity Issue; Photos of Your Organization Involved in Charity Work; IJ’s Agents of the Year……
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12/16/2018
The Charity Issue; Photos of Your Organization Involved in Charity Work; IJ’s Agents of the Year……
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12/16/2018
The Charity Issue; Photos of Your Organization Involved in Charity Work; IJ’s Agents of the Year……
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12/02/2018
The Sharing Economy; Directory: Programs, Volume II……
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12/02/2018
The Sharing Economy; Directory: Programs, Volume II……
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12/02/2018
The Sharing Economy; Directory: Programs, Volume II……
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12/02/2018
The Sharing Economy; Directory: Programs, Volume II……
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12/02/2018
The Sharing Economy; Directory: Programs, Volume II……
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12/02/2018
The Sharing Economy; Directory: Programs, Volume II……
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11/18/2018
Top Personal Lines Retail Agencies; Young Wholesale Brokers; Markets: Assisted Living / Long Term Care……
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11/18/2018
Top Personal Lines Retail Agencies; Young Wholesale Brokers; Markets: Assisted Living / Long Term Care……
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11/18/2018
Top Personal Lines Retail Agencies; Young Wholesale Brokers; Markets: Assisted Living / Long Term Care……
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11/18/2018
Top Personal Lines Retail Agencies; Young Wholesale Brokers; Markets: Assisted Living / Long Term Care……
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11/18/2018
Top Personal Lines Retail Agencies; Young Wholesale Brokers; Markets: Assisted Living / Long Term Care……
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11/18/2018
Top Personal Lines Retail Agencies; Young Wholesale Brokers; Markets: Assisted Living / Long Term Care……
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11/14/2018
Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has hired Jeff Livingston as a producer. He will be based out of Maximum’s growing office in Tampa, Fla. Originally from Georgia, Livingston came to Tampa five years ago and began ………
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11/14/2018
A jury has sided with workers who say they were sickened after they were tapped to clean up a massive 2008 coal ash spill in Tennessee. The Knoxville News Sentinel reports that a jury found Nov. 7 that Tennessee Valley ………
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11/14/2018
National General Holdings Corp. has agreed to acquire National Farmers Union Property and Casualty Co. from QBE North America. The estimated purchase price is $43 million. National Farmers Union Insurance writes personal and farm auto and farm and homeowners’ insurance ………
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11/14/2018
The National Weather Service has confirmed two tornadoes hit northeast Mississippi last week. A preliminary survey Nov. 6 showed a twister with top winds of 115 mph (185 kph) struck in Pontotoc County. The tornado, rated EF-2 on the enhanced ………
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11/13/2018
Lawmakers have begun filing bills in the Texas Legislature for the legislative session that begins in January 2019. Among the bills filed so far that relate to property/casualty insurance include: HB 259: Relating to named driver insurance policies and certain ………
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11/13/2018
Five Alabama high school football players were injured in a locker room when a brick wall collapsed onto them while they were getting ready for a game. News outlets report that the Oakman High School players were in the visitor ………
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11/13/2018
Chicago-based ISMIE Mutual Insurance Co., has partnered with the Indiana Osteopathic Association (IOA) and the Pennsylvania Osteopathic Medical Association (POMA) on a medical professional liability insurance program. Through the program, IOA and POMA members will receive access to ISMIE’s ris…
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11/13/2018
Scott Molino Agency in Grove City, Ohio, has affiliated with Smith & Leavitt Insurance Services and will now do business as Leavitt Group Midwest-Smith, Molino & Sichko. The agency will continue to offer Nationwide insurance products. The affiliation will not ………
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11/13/2018
The NHL and attorneys for retired players announced a tentative settlement in the biggest lawsuit brought against the league over concussions and other head injuries. The lawsuit, consolidated in federal court in Minnesota and by far the largest facing the ………
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11/13/2018
More than 200,000 vehicles were burglarized last year in Texas, the Insurance Council of Texas reports. According to the Texas Department of Public Safety, the value loss from both auto thefts and burglaries in the state amounts to $1 billion. ………
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11/13/2018
Texas Associates Insurors, based in Austin, has hired two new account managers in its expanding Employee Benefits Division. Esther Loaeza joins the agency with 30 years of experience in the industry. She has overseen the successful implementation and administration of ………
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11/13/2018
Alliant Insurance Services Inc. has named Amanda Posey a vice president. Posey, who is based in Orange County, Calif., will provide risk management and insurance solutions to a regional client base. Posey was previously a vice president with Aon Risk ………
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11/13/2018
Federal regulators say tests shows uranium levels exceeding safe drinking water standards have been found at two locations at a nuclear fuel plant that has leaked in South Carolina. The State newspaper reported the Nuclear Regulatory Commission and plant operator ………
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11/13/2018
Before the deadly fires erupted in California, insurance was seen as an issue as nearly half of the state is at an elevated r -More- ……
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11/13/2018
The World Economic Forum surveyed 12,000 global executives, who noted that cybersecurity concerns are growing worldwide, with -More- ……
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11/13/2018
The divided Congress should not be an issue for passage of the National Flood Insurance Program because it is more of a regio -More- ……
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11/13/2018
Telematics is increasing in demand, especially in the global automotive industry, leading to expansive growth in insurance te -More- ……
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11/13/2018
Autonomous vehicles could be a new place for sex because of convenience and lack of a driver, according to a study from the A -More- ……
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11/13/2018
Mass-shooting insurance for businesses can cover counseling, death- and victim-related expenses and even “loss of attraction” -More- ……
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11/13/2018
The death toll from the Camp Fire in Northern California has risen to 42, making it the deadliest fire in state history, with -More- ……
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11/13/2018
The cost of cybercrimes is expected to top $6 trillion by 2021, a figure that far outpaces projected spending on cybersecurit -More- ……
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11/13/2018
A Liberty Mutual Insurance study found that 43% of millennials are renters, but only 42% of them have renters insurance, and -More- ……
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11/13/2018
Regina Dugan, businesswoman and technology developer……
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11/13/2018
As California’s deadly wildfires continue to burn, this year’s fires may produce less insured loss compared with last year’s -More- ……
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11/13/2018
A wrongful death lawsuit filed against a Montana whitewater rafting company has been settled out of court. The Bozeman Daily Chronicle reported that the suit was settled mid-trial on last week for an undisclosed amount. In 2015, Brian Niedermeyer died ………
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11/13/2018
Online hospitality company Airbnb says its hosts generated about $1.1 million in tax revenue during the first year of its agreement with the state of Wyoming. The Wyoming Tribune Eagle reports that Airbnb started collecting and remitting taxes on behalf ………
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11/13/2018
A federal court jury has awarded a Montana man more than $2.1 million in a wrongful termination lawsuit against BNSF Railway following an on-the-job injury. Zachary Wooten, of Columbia Falls, sued BNSF alleging the company violated the Federal Rail Safety ………
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11/13/2018
The former manager of a Connecticut restaurant has been ordered by a judge to repay nearly $200,000 to the eatery’s owner. The Connecticut Post reports that the judge on Thursday ruled that Robert Manere’s explanation that he used the money ………
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11/13/2018
Iowa soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at least some ………
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11/13/2018
A New York man has been arrested on charges that he defrauded the workers’ compensation system by claiming he was out of work due to an injury while continuing to work at his family business. Jeffrey Smalt of Bath, N.Y., ………
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11/13/2018
Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Rodman Insurance Agency. With roots dating back to 1935, Rodman Insurance Agency specializes in providing property and casualty insurance products and services to commercial customers in ………
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11/13/2018
A group of former employees at American International Group Inc. won a U.K. court ruling that may pave the way for them to be paid $100 million in bonuses dating back to the financial crisis. The 23 former traders, analysts ………
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11/13/2018
The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses, as homeowners insurance rates inch up in high risk areas, and carriers get more cautious about where they write in a ………
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11/13/2018
Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for ways to further protect homeowners. With another series ………
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11/13/2018
JLT Re, the global reinsurance broker and consultant, announce the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca March. Previously, the two companies operated JLT ………
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11/13/2018
Brexit negotiators are working through the night in an effort to reach a deal, but the final stage of the talks is proving “immensely difficult,” U.K. Prime Minister Theresa May said. “The negotiations for our departure are now in the ………
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11/13/2018
Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is Lloyd’s first Europe-wide operation and will bring Lloyd’s expertise closer to its customers and partners in Europe…
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11/13/2018
Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent ………
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11/13/2018
In just a few weeks, humanity may take its first paid ride into the age of driverless cars. Waymo, the secretive subsidiary of Google’s parent company, Alphabet Inc., is planning to launch the world’s first commercial driverless car service in ………
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11/13/2018
The U.K. and the European Union have agreed on a draft divorce deal. Now Prime Minister Theresa May puts it to her Cabinet, who have to decide whether to back it or resign. Negotiators have settled on a text after ………
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11/13/2018
Resource Alliance, a human resources and employee benefits firm serving Georgia’s multifamily residential industry, has merged its operations with Higginbotham, an insurance and financial services firm serving midmarket companies. Resource Alliance will draw on Higginbotham’s capabilitie…
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11/13/2018
A revised workers compensation rate filing for a 13.8 percent decrease by the National Council on Compensation Insurance has been approved by Florida Insurance Commissioner David Altmaier. The amended filing to NCCI’s August rate request of 13. 4 percent was ………
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11/13/2018
California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among the industry’s most costly. The latest blazes ………
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11/13/2018
Airbnb Inc., following Alphabet Inc.’s Google, Facebook Inc. and Uber Technologies Inc., said it would not force employees who filed sexual harassment claims to settle those cases in private arbitration. Airbnb also said it would not require employees to use ………
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11/13/2018
Two U.S. pilots’ unions say the potential risks of a safety feature on Boeing Co.’s 737 Max aircraft that has been linked to a deadly crash in Indonesia weren’t sufficiently spelled out in their manuals or training. Boeing and the ………
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11/13/2018
California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities plummeted Monday after both PG&E Corp. and Edison ………
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11/12/2018
A tropical wave has formed in the Atlantic, east of the Lesser Antilles, and the National Oceanic and Atmospheric Administrat -More- ……
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11/12/2018
A panel at the PLUS conference last week said that good communication between insurance companies and customers about their c -More- ……
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11/12/2018
Virginia voters last week approved a measure to cut taxes on homes in flood-prone areas, and climate change groups warn that -More- ……
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11/12/2018
Carlos Ghosn, chairman of Nissan Motor Co., says that while driverless cars could reduce a car company’s cost of goods by up -More- ……
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11/12/2018
E-scooter company Lime is recalling a scooter model manufactured by Chinese company Okai in all cities, with Lime saying the -More- ……
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11/12/2018
Electronic scooter companies Lime and Spin have partnered with the Los Angeles transportation department and city planning co -More- ……
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11/12/2018
The new round of wildfires in California have left at least 31 people dead, with 29 dead from a single fire in Northern Calif -More- ……
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11/12/2018
Almost half of all K-12 schools have experienced a data breach, most often due to human error, a CDW report states. -More- ……
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11/12/2018
Insurance industry professionals say the midterm election results won’t change insurance-related issues, but the new Congress -More- ……
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11/12/2018
Scientists continue to analyze the intensity of Hurricane Michael, and as it continues to be reviewed, it could be upgraded t -More- ……
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11/12/2018
The most destructive wildfires in California’s history have killed at least 31 people and forced tens of thousands more to evacuate as firefighters struggle to gain control amid swirling winds. The so-called Camp Fire in Northern California and the Woolsey ………
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11/12/2018
Markel Corp. announced that its German insurance company, Markel Insurance SE (MISE), has received regulatory approval to operate a branch office in the UK. MISE was established to meet the insurance needs of clients located or with risk exposures in ………
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11/12/2018
Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a potentially chaotic “no-deal” ………
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11/12/2018
Hannover Re’s long-serving executive board member Juergen Graeber passed away suddenly and unexpectedly on Nov. 9, 2018 at the age of 62. “We are deeply shocked by the news of his unexpected death,” said Ulrich Wallin, chief executive officer of ………
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11/12/2018
Italian infrastructure group Atlantia has set aside 350 million euros ($400 million) to cover the estimated cost of rebuilding the Genoa bridge which collapsed in August and compensating the families of those killed. The viaduct disaster claimed 43 lives, sparking ………
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11/12/2018
An analysis by catastrophe modeler RMS shows 15 wildfires are burning more than 280,000 acres in California have collectively destroyed nearly 7,000 homes and businesses and killed 31 people. Roughly 300,000 have been evacuated, while 12,000 firefighters are working on ………
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11/12/2018
The U.S. Securities and Exchange Commission told American International Group Inc. to improve disclosures about its use of reinsurance to mitigate losses in its property and casualty unit, according to correspondence made public on Friday. After reviewing AIG’s 2017 annual ………
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11/09/2018
Fraser Shipyards has settled lawsuits involving dozens of workers who were exposed to lead while working on an old freighter in Superior, the company said. Fraser has agreed to pay $7.5 million to more than 60 workers who were exposed ………
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11/09/2018
A jury has instructed health insurer Aetna to pay an Oklahoma City family $25.5 million for denying a cancer patient’s claim for coverage for proton beam therapy. The Oklahoman reports that the jury on Nov. 5 found that Aetna doctors ………
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11/09/2018
The private sector should not depend on the federal government alone for safeguards against cyberattacks, and the insurance s -More- ……
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11/09/2018
Michigan voters this week approved a measure to legalize the possession and use of recreational marijuana for people age 21 a -More- ……
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11/09/2018
California has 4.5 million ballots remaining to be counted as contests including the insurance commissioner race and state an -More- ……
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11/09/2018
Insured losses from Hurricane Michael are estimated to reach at least $8 billion, while total economic losses could surpass $ -More- ……
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11/09/2018
AAA estimates 54.3 million people will travel this Thanksgiving holiday, the most in 13 years and a 4.8% increase over last y -More- ……
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11/09/2018
Commercial auto-insurance carriers looking to mitigate loss-causing trends can take such steps as purchasing reinsurance, har -More- ……
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11/09/2018
Authorities ordered the evacuation of Paradise, Calif., a Northern California town of about 27,000 residents, on Thursday as -More- ……
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11/09/2018
Republican Jim Beck appears to be leading with 51% of the vote in the election for Georgia insurance commissioner, and Democr -More- ……
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11/09/2018
A federal grand jury has issued a 17-count indictment charging the captain of a duck boat that sank in a lake near Branson, M -More- ……
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11/09/2018
11/09/2018
Because there was no obvious interference in the 2018 midterm elections to echo 2016’s surprise attack from foreign agents — -More- ……
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11/09/2018
AmeriTrust Group, Inc.’s retail agency subsidiary Meadowbrook Insurance Agency has acquired Sarasota, Fla.-based Carol P. Rummel Insurance Agency, (dba Signature Insurance Agency), effective Oct. 29th, 2018. As part of the transaction, Carolyn Rummel, who has more than 20 years of ………
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11/09/2018
Utilities are reporting that all power has been restored in the Florida counties devastated by Hurricane Michael. The utility companies and cooperatives reported Tuesday to the Public Service Commission that they had zero outages for the first time since the ………
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11/09/2018
California officials ordered an evacuation of the city of Malibu, an enclave for the area’s rich and famous, and told drivers to avoid a major freeway as a wildfire spread north of Los Angeles. The so-called Woolsey Fire has already ………
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11/09/2018
The two ridesharing giants provided more than 91,000 rides in the Seattle, Wash. area on an average day in the second quarter of this year. The Seattle Times reports Uber and Lyft are on pace to provide more than 31 ………
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11/09/2018
An Oregon man has filed what may be a first of its kind Medicare lawsuit against PeaceHealth, claiming the organization didn’t follow federal Medicare guidelines specific to Oregon and overbilled him for treatment. The Register-Guard in Eugene reported that Donald ………
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11/09/2018
A man who fought for more than a decade to maintain his rights to a mining claim in northwestern Montana died two days after a jury awarded him nearly $2.6 million. A Lincoln County jury awarded the money to Arnold ………
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11/09/2018
Rogers & Gray Insurance, a Kingston, Mass.-based independent insurance agency, has hired Ryan Brown to its management team. Brown joins the agency from Safeco, a Liberty Mutual Company, where he was the senior territory manager in the Boston and New ………
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11/09/2018
A wildfire raging in Northern California’s Sierra Nevada foothills quadrupled in size late Thursday and another day of dry winds threatens to make it spread even farther, faster. The blaze near the community of Chico has left more than 23,000 ………
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11/09/2018
Independent insurance agents and brokers can celebrate a four-year growth trend, reports Reagan Consulting. in its third-quarter Organic Growth and Profitability (OGP) study, the agency consultant says that the sector’s organic growth rate in the third quarter was 6.1 percent ………
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11/09/2018
YOUNG & Associates, a full-service, national building consulting firm, has hired Don Pierro as senior regional building consultant serving the Northeast region. With more than 20 years’ experience, Pierro will provide clients with quantity surveying, cost estimating, scheduling, building v…
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11/09/2018
A measure approved by Virginia voters this week to cut taxes on homes in flood-prone areas of the flood-prone commonwealth has climate experts warning that it might encourage people to remain in vulnerable areas – and could spread to other ………
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11/09/2018
The U.S. securities regulator is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues like climate change ………
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11/09/2018
RSG Underwriting Managers is merging two of its managing general underwriter teams, EmergIn Risk and ThinkRisk. The teams will operate under the EmergIn Risk brand going forward. Reza Khan, based in New York, will lead the media liability and specialty ………
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11/09/2018
CoreLogic, the Irvine, Calif.-based property data and analytics firm, announced it is expanding its Flood Risk Score and Weather Verification Services for hail into Canada. The availability of the CoreLogic Flood Risk Score and Weather Verification Service for hail in ………
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11/09/2018
Miller Insurance Services LLP announced that it has boosted its partnership with five internal appointments. With effect from Jan. 1, 2019, James Hands, Charles Lane, Phil Wheeler, Martin Henderson and Ben Speers will be appointed as equity holding partners. Concurrently ………
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11/09/2018
Hub International Limited, the Chicago-based insurance broker, announced that it has acquired the assets of Kuokoa Enterprises Inc. Terms of the transaction were not disclosed. Located in Edmonton, Alberta, Canada, Kuokoa Enterprises specializes in commercial lines insurance solutions. Owner of R…
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11/09/2018
The Standard Club Asia Ltd., managed by Charles Taylor Mutual Management (Asia) Pte Ltd., entered into a cooperation agreement with Ping An Property & Casualty Insurance Co. of China Ltd. Under the terms of the agreement, Standard Asia and Ping ………
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11/09/2018
AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Michael in the range of $100 million to $120 million, which will affect its fourth quarter financial results. The loss estimate figure is net of estimated recoveries from ………
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11/09/2018
Allianz is “highly likely” to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third quarter results on Friday. The group aims ………
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11/09/2018
Fanned by hot, dry winds, wildfires north of San Francisco and near Los Angeles have forced the evacuation of more than 150,000 people in the state, including Malibu, the coastal enclave of the rich and famous. The fires cover about ………
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11/09/2018
In April 2013, a Lion Air Boeing 737 missed the runway on the Indonesian resort island of Bali in bad weather and plowed into the sea, cracking its fuselage open on the rocks. All 108 on board survived. But a ………
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11/09/2018
What’s one of the biggest gaps in cyber? Good communication between the insurance industry and customers, who are in need of more than just products to help protect them from risks in the rapidly changing digital world. That was the ………
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11/09/2018
Pinnacol Assurance’s Board of Directors has approved a plan to decrease workers’ compensation rates in 2019 by an average of 10 percent. The decrease will go into effect on Jan. 1, 2019, and will be the fourth straight year Pinnacol ………
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11/09/2018
Officials say a carbon monoxide leak at a Tennessee hotel has sickened nine people. News outlets reported the Nashville Fire Department was called out to the downtown Westin hotel on Wednesday morning. The Nashville Fire Department tweeted that five of ………
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11/09/2018
Business is going strong, but fewer U.S. companies are celebrating with holiday parties this year. This may be the result of the #MeToo movement, which has highlighted sexual harassment and assault in the workplace, according to a survey released this ………
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11/09/2018
Commercial auto insurance hasn’t produced an industrywide combined ratio below 105 in the United States since 2010, according to a Guy Carpenter analysis, which says the line’s poor performance is a key factor in overall property/casualty underwriting results. “It is ………
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11/09/2018
Alphabet Inc.’s Google said on Thursday it would change the way it handles sexual harassment claims, a week after 20,000 of its workers around the world walked off their jobs to protest its response to such issues. Arbitration will become ………
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11/09/2018
Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies about five years ago, people familiar with the matter said. The insurer is working with financial advisers to seek buyers ………
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11/08/2018
The Arkansas State Plant Board (ASPB), a division of the Arkansas Agriculture Department (AAD), announced it has begun the process of reviewing the announced EPA label changes and will be considering the appropriate framework for the use of the products ………
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11/08/2018
Since Nov. 7, 2000, at least one person has died on Texas roadways every single day, according to the Texas Department of Transportation. More than 66,000 have died from vehicle crashes on Texas roadways since that day. In an effort ………
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11/08/2018
The Arkansas Insurance Department has issued a warning regarding short-term health plans and reminded producers selling such plans they are required to warn consumers that these plans do not meet the minimum essential coverage requirements of the Affordable Care Act. ………
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11/08/2018
Mile Auto has launched its pay-per-mile insurance product in Oregon and Illinois. Mile Auto said its pay-per-mile model can save low mileage drivers 30 percent to 40 percent over traditional rates, by charging customers only for the miles they drive ………
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11/08/2018
A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of Governmental Interinsurance Exchange (GIE) in Bloomington, Illinois. The outlooks of these Credit Ratings (ratings) remain &#…
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11/08/2018
Keystone Insurers Group (Keystone) has JoAnn Hartung as Wisconsin state vice president. Hartung has served multiple roles within the industry, most recently as regional agency manager for Western National Insurance Group, where she managed regional marketing and sales for Wisconsin ………
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11/08/2018
A new partnership between QBE Insurance Group and cybersecurity management company Zeguro offers small and medium-sized business customers access to a virtual ‘Cybersecurity Officer’ to protect against their cyber exposures. Zeguro’s online platform enables users to automate their…
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11/08/2018
Workers’ compensation rates in Tennessee will decrease by nearly 20 percent next year, marking the sixth consecutive year of decreases, according to a statement from the Tennessee Department of Commerce and Insurance. TDCI Commissioner Julie Mix McPeak approved a 19 ………
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11/08/2018
The Alabama Department of Conservation and Natural Resources has utilized construction standards from the Insurance Institute for Business & Home Safety’s (IBHS) FORTIFIED Commercial in the creation of new buildings at Alabama’s Gulf State Park to make them more resilient ………
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11/08/2018
Lloyd’s has appointed Neil Maidment from Beazley Plc as an independent non-executive of the Lloyd’s board with effect from February 2019. The new appointment, for an initial term of three years, will be effective once Maidment’s term of office on ………
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11/08/2018
11/08/2018
A report from the AAA Foundation for Traffic Safety says drivers ages 16 to 19 were involved in an estimated 1.05 million cra -More- ……
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11/08/2018
Insurers using financial- and insurance-technology partners within claims-payment processes bear responsibility if a third-pa -More- ……
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11/08/2018
PCI has offered feedback on two International Association of Insurance Supervisors proposals that are set to take effect next -More- ……
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11/08/2018
The growing number of connected devices, including electric cars, is prompting cybersecurity experts to look at how to protec -More- ……
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11/08/2018
Ongoing recovery from Hurricane Michael highlights the importance of surpassing building codes’ minimum requirements when reb -More- ……
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11/08/2018
European auto executives say the autonomous vehicle industry needs clear and unified guidelines to protect driver information -More- ……
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11/08/2018
A storm has the potential to drop heavy rain starting Friday in Ohio, the Mid-Atlantic, New York and Pennsylvania. -More- ……
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11/08/2018
Jeff Norton has been appointed to the role of senior vice president, Cyber & Technology, for Brit Global Specialty USA. He will be responsible for leading and growing BGSU’s cyber and technology team. Norton brings a range of underwriting experience ………
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11/08/2018
October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting. Total U.S. economic losses from October’s Hurricane Michael – including physical damage and net ………
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11/08/2018
Criminal charges have been announced against 60 Pennsylvanians following investigations by the Attorney General’s Insurance Fraud Section. As a result, 23 people were charged in Eastern Pennsylvania, 10 in Central Pennsylvania and 27 in Western Pennsylvania. The charges came about ………
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11/08/2018
A.M. Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Houston Specialty Insurance Co. (HSIC) and its 100 percent reinsured subsidiary, Oklahoma ………
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11/08/2018
The Independent Insurance Agents of Texas (IIAT) has entered an exclusive partnership with Wingman Insurance for cyber liability coverage. IIAT members can now access the Wingman Cyber online platform to provide cyber liability insurance for their commercial clients. Additionally, IIAT ………
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11/08/2018
An elevator technician who was injured while working on a six-story building in New Jersey has settled his lawsuit against the building’s owner for more than $2 million. Lawyers for Brett Riccio tell NJ.com the settlement was reached late last ………
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11/08/2018
Residents in New York’s Southern Tier and Finger Lakes region who were impacted by damaging storms and floods in August are eligible for financial help. Officials announced Friday that $13 million is available in the form of grants to homeowners ………
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11/08/2018
The Illinois Supreme Court has agreed with an insurance agent’s argument that under state law insureds have two years from the date an insurance policy is issued to file suit against an insurance producer alleging that the policy sold to ………
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11/08/2018
The Central Insurance Companies, headquartered in Van Wert, Ohio, has promoted Angie Gibson to vice president of Customer Services. She succeeds Cindy Hurless who has been appointed as Central’s chief operating officer. Gibson graduated from the University of Saint Francis ………
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11/08/2018
Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has hired Kim Shattuck as a producer. Shattuck joins the Maximum team with over three decades of experience in the casualty, property, and contract binding sectors. Her history in the industry ………
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11/08/2018
Hub International Ltd., the Chicago-based insurance broker, announced it has acquired the assets of Tri-Line Agencies Inc. Terms of the transaction were not disclosed. Tri-Line Agencies is a full-service, independent insurance brokerage headquartered in Rose Valley, Saskatchewan, Canada, offering pe…
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11/08/2018
A network of private railroads more than three times the length of the New York subway system is the key lifeline for Australia’s A$61.3 billion ($44.5 billion) iron ore export industry. So when there’s a derailment in the biggest shipper ………
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11/08/2018
Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe losses. “We are pleased with the development of our businesses over the first ………
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11/08/2018
Italy’s top insurer Generali said on Thursday its net profit in the first nine months of the year rose 26.8 percent to beat expectations, lifted by stronger life premiums and disposals. Net profit reached 1.86 billion euros ($2 billion), above ………
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11/08/2018
A Boeing Co. warning to 737 Max operators around the globe provides the first clues about how bad data from an airflow sensor might have contributed to the deadly crash of an Indonesian airliner last week. The bulletin and statements ………
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11/08/2018
A lawsuit involving a Ferris wheel accident in which three girls fell to the ground at a Tennessee fair has been settled. The Kingsport Times-News reports that a notice filed in federal court Oct. 17 indicated mediation took place and ………
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11/08/2018
Possible tornados touched down in Louisiana and Mississippi as a line of storms moved across the Deep South. Tree limbs and power lines were down from Louisiana to Alabama early Tuesday, prompting some schools to delay the start of classes. ………
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11/08/2018
Insurance industry trailblazer Patrick Ryan thinks the insurance program business could be headed for interesting times given recent consolidation in the retail insurance agency sector, an influx of capital and the recent purchase of a large program manager by American ………
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11/08/2018
Halting the rise of deadly drug-resistant “superbug” infections that kill millions around the world could cost just $2 per person a year, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday. Describing drug resistance as “one of the ………
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11/08/2018
Many insurtechs find one problem and try to solve it. Broker Buddha is among them. This platform takes static PDF insurance carrier applications and converts them into interactive online smart forms that agents and their clients can both access for ………
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11/07/2018
The race for the next Georgia Insurance Commissioner was too close to call Wednesday morning, according to local media outlets in the state. Republican and former deputy insurance commissioner Jim Beck had a slight lead over Democrat and insurance agent ………
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11/07/2018
The days of Mountain Home, Arkansas, firefighters potentially getting lost when responding to an emergency are now numbered. Thanks to a new system being put into place, the firefighters will be given directions and a host of other information in ………
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11/07/2018
Kansas voters on Nov. 6 favored Republican Vicki Schmidt in the race to become the state’s next insurance commissioner. Schmidt won 63 percent of the vote, with all 3556 precincts counted, according to the Kansas Secretary of State’s office. Her ………
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11/07/2018
The City Council in Ohio’s capital city has approved paying the family of an 86-year-old woman killed in a firetruck accident $410,000 to settle a wrongful death lawsuit. The Columbus Dispatch reports Columbus City Council voted on the settlement Monday ………
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11/07/2018
Commercial insurance buyers are facing upward pricing pressure across most lines of business in 2019, driven in part by escalating losses in the casualty insurance market, according to a report published by Willis Towers Watson. The report, designed to be ………
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11/07/2018
Republican Glen Mulready has won the election to become Oklahoma’s next insurance commissioner. According to the state’s election board, Mulready received nearly 62 percent of the votes in the statewide election, compared to just over 38 percent for his Democratic ………
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11/07/2018
Florida workers’ compensation rates are going down again next year, the third decrease in the two years since significant Florida Supreme Court decisions created concern and uncertainty over future of the state’s workers’ comp system. According to an order from ………
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11/07/2018
The University of North Carolina at Chapel Hill has canceled classes after a water main break. The school issued an alert Monday announcing that all non-mandatory operations are suspended. The school was encouraging faculty and staff to leave campus so ………
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11/07/2018
Four south Alabama counties have been declared a disaster area because of damage from Hurricane Michael last month. The governor’s office says President Donald Trump has issued a disaster declaration that includes Geneva, Henry, Houston and Mobile counties under the ………
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11/07/2018
SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The acquisition of Peachtree was completed after receipt of ………
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11/07/2018
An order from Florida’s Office of Insurance Regulation will reduce workers’ compensation rates in the state by 13.8% next yea -More- ……
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11/07/2018
Oklahoma voters elected Republican Glen Mulready to be insurance commissioner with 62% of ballots cast, compared to 38% for D -More- ……
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11/07/2018
Repairs costing up to $3,000 can result from damage to vehicle technology for automatic emergency braking, blind spot monitor -More- ……
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11/07/2018
Experts estimate that by 2021, there will be 3.5 million unfilled cybersecurity positions worldwide, forcing companies to com -More- ……
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11/07/2018
The amount paid in insurance claims stemming from Hurricane Michael in Florida has increased 28% in the past week to total $2 -More- ……
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11/07/2018
An Accenture report found 45% of insurance chief financial officers said knowledge and exploration of disruptive technology i -More- ……
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11/07/2018
Monday night brought 71 tornado warnings in the South, with at least four tornadoes confirmed so far — three in Alabama — a -More- ……
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11/07/2018
The Department of Homeland Security said Tuesday during a press briefing that it had found no evidence of foreign hacking sur -More- ……
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11/07/2018
The state of Nevada has won a $40,000 federal grant to make streets safer for pedestrians. The National Highway Traffic Safety Administration announced the awarding of the grant Monday to the Nevada Department of Public Safety. Reno police say the ………
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11/07/2018
A year after the Boy Scouts of America announced it would admit girls, the Girl Scouts of the United States of America punched back Tuesday with a federal trademark lawsuit seeking to block the boys group from rebranding its flagship ………
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11/07/2018
Democrat Ricardo Lara was leading Republican-turned-independent Steve Poizner in the race for California Insurance Commissioner. Lara had 50.8 percent of the vote, leading by 105,733 votes, with 95.7 percent of precincts reporting. The winner of the race will replace Dave ………
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11/07/2018
Great American Insurance Group has hired Kelli Artin as divisional vice president of Cyber Liability. Artin will focus on the distribution strategy and marketing of the company’s cyber risk insurance offerings. Artin most recently served as a vice president with ………
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11/07/2018
Marsh & McLennan Cos. Inc. announced that its £4.3 billion ($5.6 billion) acquisition of broker Jardine Lloyd Thompson Group plc has been approved by JLT shareholders. Of those shares voted, 99.9 percent voted in favor of the transaction, said MMC ………
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11/07/2018
American International Group Inc. announced it has completed its acquisition of program manager Glatfelter Insurance Group. The transaction, which was first announced on Sept. 21, 2018, has closed following receipt of regulatory approvals and satisfaction of other closing conditions. The ………
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11/07/2018
Swiss Re Corporate Solutions appoints Michael LaRocca as head of Property & Specialty Lines North America, effective November 7, 2018. In this role, LaRocca will be responsible for managing the strategy, development and performance of the company’s Property & Specialty ………
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11/07/2018
Federal transportation safety investigators will try to determine what caused a helicopter to crash into power lines during an inspection flight in northern New York, killing two people on board and injuring two others. The National Transportation Safety Board says ………
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11/07/2018
Selective Insurance Company of America, a subsidiary of Selective Insurance Group Inc., has announced the following officer appointments. Regina DePumpo has been appointed assistant vice president of Corporate Claims. She joined Selective in September 2018. Prior to that, she served ………
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11/07/2018
A longtime Texas insurance agency is now operating under its former name, Sleeper Sewell Insurance, following the purchase of the assets of ANBTX Insurance Services by agency president Von E. Breaux and industry veteran D. Michael Sherman, owner of DMS ………
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11/07/2018
The Federal Emergency Management Agency (FEMA) has begun the process of renewing its private market reinsurance for the National Flood Insurance Program for 2019, a purchase that could encompass $2 billion of reinsurance. FEMA said it intends to procure reinsurance ………
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11/07/2018
Voters in Utah have decided to legalize medical marijuana. With most precincts reporting in, Utah’s medical cannabis ballot measure, or Proposition 2, led by a margin of 53 percent to 47 percent. Under the measure patients with physician approval would ………
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11/07/2018
Rolling Meadows, Ill.-based broker Gallagher announced it has acquired a controlling interest in Purple Bridge Group Ltd., the holding company of UK specialist property insurance provider Vasek Insurance Services Ltd. The deal includes Vasek’s appointed representative Insure My Villa, and R…
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11/07/2018
Some UK insurers may be forced to change how they set their prices for motor and home insurance as a result of a regulatory investigation next year, according to Fitch Ratings. Insurers have been accused of overcharging customers who do ………
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11/07/2018
Mining giant BHP Billiton expects some interruption to its Australian iron ore exports after a nearly 3-km-long train loaded with the commodity was forcibly derailed this week after running away en route to a key shipping hub. BHP said in ………
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11/07/2018
Boeing Co. sent an operations manual bulletin to operators of its 737 Max jets in response to the investigation of last week’s fatal crash off the coast of Indonesia that left 189 dead. The bulletin directs “operators to existing flight ………
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11/07/2018
Leavitt Group of Boise in Idaho has named Jeremy Kahn a commercial risk advisor. Kahn has eight years of industry experience working with financial institutions, law firms, media and publishing, commercial development, distributors, retailers and non-profit organizations. He was previously ……..
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11/07/2018
California Insurance Commissioner Dave Jones on Wednesday issued a revised advisory workers’ compensation pure premium rate, lowering the benchmark to $1.63 per $100 of payroll effective Jan. 1, 2019. Jones has reduced the advisory pure premium rate by about 42 ………
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11/07/2018
Wells Fargo & Co. executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week. Several executives, including then-General Counsel James ………
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11/07/2018
American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. Validus ………
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11/06/2018
Fake auto insurance certificates have led to a $25,000 fine and insurance license revocation for a Michigan agent, the state’s insurance regulators say. The Michigan Department of Insurance and Financial Services (DIFS) said Dillen Leonard of Flint, Michigan, has been ………
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11/06/2018
Bob Simpson has joined EPIC Insurance Brokers and Consultants in Houston as director, Communications and Engagement (C&E), to lead EPIC’s C&E practice nationally. Simpson’s responsibilities will include providing strategic and tactical direction for all employee benefits client c…
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11/06/2018
South Dakota officials have expressed concern about defects on the railroad operated by Dakota Southern Railway Company. A South Dakota legislative committee recently discussed an August inspection report conducted by the Federal Railroad Administration, which found that 37 defects remain ………
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11/06/2018
State oil and gas regulators in Oklahoma have ordered the indefinite shutdown of a disposal well after an earthquake struck nearby. The 3.3 magnitude quake was reported Sunday night near Bridge Creek, about 20 miles southwest of Oklahoma City. There ………
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11/06/2018
State officials say a dam at a central Arkansas lake has many safety issues that indicate a lack of maintenance and could cause the structure to collapse. The Arkansas Democrat-Gazette reports that an Arkansas Natural Resources Commission engineer inspected the ………
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11/06/2018
Georgia’s insured losses from Hurricane Michael have climbed to more than $696 million, with insurers reporting approximately 68,000 claims filed as of the end of October, according to a press release from Insurance Commissioner Ralph Hudgens. The estimate is based ………
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11/06/2018
Authorities say five people have been injured after an apartment exploded in South Carolina. The Greenwood Fire Department said three adults and two children were hurt in the blast just after 2 a.m. Sunday. Authorities say one man was taken ………
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11/06/2018
Jackson Sumner & Associates (JSA) has promoted Scott Banks to the position of the company’s North Carolina Marketing representative. Banks has been with JSA for more than three years, having most recently served as P&C assistant underwriter. His territory for ………
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11/06/2018
Georgia Insurance Commissioner Ralph Hudgens’ decision not to seek re-election this year opened up the playing field for the state’s top insurance post for the first time since 2010. Hudgens, a Republican, announced in July 2017 he would not run ………
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11/06/2018
Sirius International Insurance Group, Ltd., a global multi-line insurance and reinsurance group, has closed the previously announced business combination with the special purpose private asset management company Easterly Acquisition Corp. As a result, a wholly owned subsidiary of Sirius Group ……
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11/06/2018
Phoenix, Ariz.-based CopperPoint Insurance Cos. has named Trent Marchuk assistant vice president in the strategic programs office. Marchuk’s primary responsibility will be to help drive strategic value and orchestrate complex strategic programs. He has been in the tech and finance ………
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11/06/2018
The midterm election outcome will not only reveal the state of election cybersecurity, it will also help determine how cybers -More- ……
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11/06/2018
Booker T. Washington, educator, writer and orator……
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11/06/2018
A gap exists between insurance coverage that’s in place and what is necessary to guard against flooding, earthquakes and othe -More- ……
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11/06/2018
An Argo Group survey of insurance brokers and small and midsize businesses in the US and the UK found that cyberrisk and emer -More- ……
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11/06/2018
The Trump administration’s recently imposed tariffs on imports from China are likely to affect the cost of insurance amid ris -More- ……
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11/06/2018
Executives at PCI’s Annual Meeting said the reinsurance market should retain its stability at Jan. -More- ……
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11/06/2018
The 2019 reinsurance program renewal process for the National Flood Insurance Program is underway. -More- ……
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11/06/2018
Key themes at the recent InsureTech Connect conference included the sector’s increasing embrace of innovation, ways to foster -More- ……
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11/06/2018
Segway Ninebot, a manufacturer of electric scooters, has disputed Lime’s statement that some scooters in its fleet pose a bat -More- ……
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11/06/2018
Motel 6 will pay up to $7.6 million to Hispanic guests to settle a proposed class-action lawsuit claiming that it violated their privacy by regularly providing guest lists to U.S. Immigration and Customs Enforcement (ICE) agents. Terms of the preliminary ………
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11/06/2018
The number of pedestrians killed on Oahu has doubled this year despite enforcement of laws aimed curbing risky walking behaviors. The Honolulu Star-Advertiser reports 26 pedestrians have been killed so far this year, increasing from the 13 pedestrian deaths recorded ………
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11/06/2018
The family of an Oregon man killed when a cannon shell exploded in his World War II-era tank has filed a $12.8 million lawsuit. Steve Preston’s family is suing Chuck Hegele, the contractor who supplied powder for the shell, The ………
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11/06/2018
RIC Insurance General Agency has named Brittany Malkin business development manager. She will work to expand their commercial and personal lines marketing efforts, and work primarily with California retail insurance agents in Orange County and San Diego. Malkin previously worked ………
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11/06/2018
Global insurance brokerage Hub International Limited has acquired The TAMRAC Group Inc. (TAMRAC). Terms of the transaction were not disclosed. Headquartered in Hunt Valley, Md., TAMRAC specializes in personal insurance and commercial insurance. It provides insurance products for businesses in ……
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11/06/2018
The fire department says one person is dead and another was unaccounted for after a weather-related building collapse at an Amazon distribution warehouse on Baltimore’s southeast side, the Baltimore Sun reports. Chief Roman Clark tells the Sun that a 50-foot ………
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11/06/2018
The issuance of non-life insurance linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re. The total exceeds the former Q3 record of $1.4 billion achieved in 2013, and is well ………
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11/06/2018
Satellite Agency Network Group Inc. (SAN), a Hampton, N.H.-based alliance of independent insurance agencies in the Northeastern U.S., has hired Jessica Stockwell as agency development field specialist. In this role, Stockwell will be directly responsible for agency development and consulting ……
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11/06/2018
Jackson Sumner & Associates (JSA) has hired Adam Winfree as the company’s Virginia marketing representative. Winfree joins the company as a 13-year veteran of the insurance industry, having worked previously as personal lines manager for a retail agency in the ………
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11/06/2018
A young driver was inhaling chemical vapors, or huffing, just prior to striking and killing three Girl Scouts and a mother and critically injuring a fourth girl who had been picking up trash along a rural Wisconsin highway, police said. ………
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11/06/2018
Hub International Ltd., the Chicago-based insurance brokerage, announced it has acquired Proteus Performance Management Inc. Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, Proteus provides specialized pension plan governance and investment consulting to corpo…
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11/06/2018
HDI Global Insurance Co., headquartered in Chicago, has expanded its Engineering Lines & Construction Division with several new hires. John Sprague has been appointed senior construction liability underwriter. He will be responsible for the continued growth and development of the ………
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11/06/2018
ICW Group Insurance Cos. has named Eric VonDohlen vice president of data analytics. VonDohlen will oversee the company’s data analytics operations and provide guidance on the curation, maintenance and management of new and existing data solutions. He will be based ………
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11/06/2018
Hong Kong’s privacy watchdog is investigating Cathay Pacific Airways Ltd. after the carrier last month disclosed the world’s biggest airline data breach that exposed personal information of 9.4 million customers. The compliance probe will examine security measures taken by Cathay ……
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11/06/2018
Lego A/S has won a new intellectual property lawsuit in China after a court agreed with the Danish toy manufacturer that local companies had copied its building blocks and miniature figures under the LEPIN brand. The Guangzhou Yuexiu District Court ………
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11/06/2018
A longtime Texas insurance agency is now operating under its former name, Sleeper Sewell Insurance, following the purchase of the assets of ANBTX Insurance Services by President Von E. Breaux and industry veteran D. Michael Sherman, owner of DMS Insurance ………
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11/06/2018
BHP Billiton Ltd. expects to take about a week to recover from the derailment of one of its iron ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material. The company was ………
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11/06/2018
The Lion Air plane that crashed in the Java Sea last week had faulty airspeed readings during its last four flights and Indonesian investigators called on planemaker Boeing Co. and U.S. authorities to ensure there aren’t fleet-wide issues. The Southeast ………
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11/06/2018
Anna Gabriela Garcia, 46, of Capistrano Beach, Calif., was arraigned and charged with 40 felony counts of grand theft after allegedly collecting premium payments from customers and diverting the funds of over $195,000 for personal use. Garcia, a former licensed ………
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11/06/2018
Insurtech Slice, which offers its own on-demand rideshare and homeshare products, now also provides cloud services for carriers wanting to offer their own on-demand products. The growing digital insurer and services provider recently closed a $20 million funding round to ………
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11/06/2018
Personal lines insurance broker Confie said it has closed on a new $220 million credit facility, led by Goldman Sachs and Barclays. In addition to the refinancing, Confie said it has a $90 million revolving credit facility which is undrawn ………
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11/06/2018
Two U.S. government agencies are giving conflicting interpretations of a safety study on cell phone radiation: One says it causes cancer in rats. The other says there’s no reason for people to worry. No new research was issued but last ………
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11/05/2018
Slice Labs Inc., an on-demand insurance cloud provider, and AXA XL, a division of AXA, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). Powered by Slice’s Insurance Cloud Services (ICS) platform, AXA XL’s ………
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11/05/2018
Workers’ compensation provider, Texas Mutual Insurance Company, is partnering with The University of Texas at Dallas’ (UT Dallas) Naveen Jindal School of Management for a brand-new Risk Control and Safety Engineering class. This course is currently exclusive to UT Dallas ………
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11/05/2018
West Des Moines, Iowa-based Farmers Mutual Hail Insurance Company of Iowa (FMH) is now offering FMH Cyber Risk Protection suite, which includes two new cyber risk products to provide protection and services in the event an individual, family, or farm ………
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11/05/2018
Federal workplace safety regulators have cited Texas-based UST Systems Inc. for trench safety violations after the company allowed its employees to enter an excavation site in Austin without proper protections or training on the dangers of unsupported soils. UST Systems ………
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11/05/2018
The Lansing Economic Area Partnership (LEAP) announced the launch of a new insurtech accelerator program, PROTO InsurTech, to inspire and stimulate innovation and entrepreneurship in the insurance industry. Two major insurance companies, Farm Bureau Insurance of Michigan and Delta Dental ………
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11/05/2018
Texas-based Insurance Technologies Corporation (ITC), a provider of websites, marketing, rating and management software and services, has acquired Assurance Systems Inc., an insurance technology provider in the southeastern United States. Founded in 1986, Assurance Systems product offerings include…
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11/05/2018
A Nebraska judge has ruled that an insurance provider doesn’t have to cover the legal debt of a Nebraska county that wrongfully convicted six people in a 1985 rape and murder. Lancaster County District Judge Jodi L. Nelson ruled on ………
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11/05/2018
A recent Environmental Protection Agency ruling clears the path for Arkansas farmers to use the herbicide dicamba on soybeans and cotton, ending a state-wide ban on the weed killer’s use. The federal agency on Oct. 31 announced the decision to ………
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11/05/2018
The family of one of two Kansas men killed at an energy plant says in a lawsuit that the men died when the elevator they were in filled with superheated steam because of a faulty safety valve. The federal lawsuit ………
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11/05/2018
A fire destroyed a south Louisiana gym and thousands of dollars in donations being held there ahead of a charity fundraiser. WVUE-TV reported that a fire Wednesday night destroyed the Garyville Recreation Center gym in St. John Parish. A fundraiser ………
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11/05/2018
Authorities say a fire broke out in a South Florida nursing home, injuring two residents and a staff member. The SunSentinel reports more than 100 people were evacuated when the fire started in a resident’s room after 11 p.m. Thursday ………
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11/05/2018
Sixteen people, including one child, were taken to a hospital after authorities say they were exposed to carbon monoxide at a North Carolina hotel. News outlets report that employees and guests at the Holiday Inn Express in Jacksonville were suffering ………
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11/05/2018
Windhaven Insurance has named John D. Rosilier as chief financial officer of the Miami-based auto insurance carrier, according to Jimmy E. Whited, CEO of Windhaven Insurance & The Hearth Insurance Group. In this new role, Rosilier will be responsible for ………
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11/05/2018
North Carolina’s insurance commissioner said he’s handing over to the federal government a contribution that’s the subject of a citizen’s complaint alleging improper campaign giving by a leading state donor who also faces scrutiny from federal investigators. Insurance Commiss…
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11/05/2018
Residents of a South Carolina town are suing one of the area’s major employers alleging it allowed toxins to flood onto their property and into their home during Hurricane Florence. The State reports Cheraw residents George Martin and Catherine Martin ………
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11/05/2018
Two employees who were assigned to assist special needs students in the classroom have filed a $900,000 lawsuit against Portland Public Schools, claiming the district ignored pleas for help as violent students repeatedly assaulted them. The Oregonian/OregonLive reported Joyce Moore ………
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11/05/2018
A western Montana school district has agreed to pay $350,000 to settle a lawsuit that claimed school officials did not adequately protect a student from being harassed and groped by a music teacher. KTMF-TV reported the notice of settlement was ………
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11/05/2018
The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its ballistic missile program and involvement in conflicts across the Middle East. The sanctions on Iran’s energy, shipping and banking sectors, ………
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11/05/2018
Marijuana tax collections in Alaska dipped slightly in September but still totaled about $1.5 million. Figures released by the state Revenue Department show tax revenue of $1.48 million in September, compared to $1.54 million in August, which remains the high. ………
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11/05/2018
An eastern Washington man found not guilty of three counts of involuntary manslaughter in a criminal trial following a boating crash on Lake Coeur d’Alene in northern Idaho has been ordered to pay $600,000 in a civil case. A jury ………
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11/05/2018
A California man convicted of practicing medicine without a license must pay more than $105 million to a woman who said he falsely promised to cure her breast cancer. KNSD-TV says San Diego jurors decided Wednesday that Robert O. Young ………
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11/05/2018
Storms lashing Sicily have killed at least 12 people with torrential floods, Italian authorities said as the country’s leader headed Sunday to the stricken Mediterranean island. Divers pulled out nine of those victims from a home flooded by a rapidly ………
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11/05/2018
The adoption of autonomous vehicles requires further evolution in sensor technology, data processing and human-machine intera -More- ……
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11/05/2018
A central command system similar to what is used for airplane traffic control is needed to curb crowding as the world turns t -More- ……
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11/05/2018
General Motors said it will introduce two “smart” and “connected” electric bicycles in 2019, one of which will be compact whi -More- ……
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11/05/2018
When Robert Tappan Morris created a program 30 years ago to see how large the internet was, he inadvertently shut down large -More- ……
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11/05/2018
The North Carolina Department of Insurance estimates that Hurricane Florence caused about $17 billion worth of damage in the -More- ……
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11/05/2018
US tariffs on $200 billion worth of imports from China are scheduled to rise from 10% to 25% in January, and PCI’s Nat Wienec -More- ……
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11/05/2018
Southern California Edison said its equipment appears to have been involved in starting the 2017 Thomas fire, which left two -More- ……
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11/05/2018
PCI’s recent Annual Meeting featured a panel composed of insurance commissioners from Florida, South Carolina and Tennessee, -More- ……
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11/05/2018
After heavy rains recently stressed the Prestonwood Lake Dam in Arlington, Texas, Mayor Jeff Williams issued an emergency pro -More- ……
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11/05/2018
A.M. Besthas downgraded the financial strength rating to A+ (Superior) from A++ (Superior) and the long-term issuer credit rating to “aa-” from “aa+” of Tokio Millennium Re AG (TMR) (Switzerland). In addition, A.M. Best has placed these credit ratings under ………
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11/05/2018
A Rhode Island insurance agent who prosecutors say specializes in providing insurance on horses has been arrested on federal charges. The U.S. Attorney’s office in Providence says 57-year-old Randall Levesque, of Middletown, was charged in a federal criminal complaint with ………
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11/05/2018
WKFC Underwriting Managers has hired Mark Reisig as chief underwriting officer of its Property division, based at the company’s headquarters in Melville, N.Y. Reisig joins WKFC with more than 30 years of property insurance experience. His previous position was with ………
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11/05/2018
Arch Capital Group Ltd., a Bermuda-based provider of insurance, reinsurance and mortgage insurance, has entered into a definitive agreement to acquire McNeil & Co., a nationwide provider of specialized risk management and insurance programs headquartered in Cortland, N.Y. Terms of ………
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11/05/2018
BHP Billiton Ltd. was forced to derail a runaway train that traveled almost 60 miles without a driver across the Pilbara, a major iron ore producing area in Western Australia. The world’s top mining company halted all train operations in ………
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11/05/2018
Kemper Corp. reported net income of $92.2 million for the third quarter of 2018, compared to $47.7 million for the third quarter of 2017. As adjusted for the acquisition in the quarter of nonstandard auto insurer Infinity, net income was ………
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11/05/2018
Uber Technologies Inc has asked Pennsylvania for permission to resume self-driving car testing on public roads and has improved the autonomous vehicle software, the company said on Friday, more than seven months after it suspended testing following a deadly crash ………
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11/05/2018
Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalizing on trends ranging from more train traffic on ………
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11/05/2018
A new Ohio law aimed at cutting down on distracted driving in the state went into effect on Oct. 29. The Ohio Department of Public Safety says House Bill 95 will be a significant distracted driving deterrent and an effective ………
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11/05/2018
Britain is confident that it will “imminently” reach a deal with the European Union on its post-Brexit financial services trade with the bloc, Britain’s financial services minister John Glen said on Monday. Britain is looking for an agreement based on ………
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11/05/2018
Search crews hunting for the remains of Lion Air Flight JT610 have found the data recorder, engines and body parts of some of the 189 victims. But the key to solving the mystery behind the crash is still missing: the ………
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11/05/2018
Arron Banks, the insurance businessman whose millions of pounds of donations to a pro-Brexit campaign are being investigated by police, denied Russia was involved and said the funds came from his U.K. business. “There was no Russian money and no ………
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11/05/2018
Authorities say one railroad worker has died and another is seriously hurt following what appears to be an accidental explosion near a Chicago station. The Cook County medical examiner’s office says one of the men was pronounced dead early Saturday ………
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11/05/2018
Segway Ninebot, the primary manufacturer of shared electric scooters, is hitting back three days after one of the biggest scooter-sharing companies said manufacturing issues had led some vehicles to smolder or even catch fire. In a statement on Friday, the ………
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11/05/2018
Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change — or face higher borrowing costs on the $3.9 trillion municipal bond market. Climate advocates cheered, hoping the prospect of ………
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11/05/2018
It might be time for carriers and agents to encourage their clients to buy flood coverage even if they’re not living and working inside a flood zone. Such an action is long overdue, according to insurance commissioners from Florida, South ………
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11/05/2018
Pulling together some loose threads from October’s Insuretech Connect Conference, here are 10 takeaways: Innovation Rap. “I actually feel the industry gets a bad rap in terms of innovation,” Dan Glaser, Marsh McLennan Cos. CEO, told the roomful of innovators, ………
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11/04/2018
Top Commercial Lines Agencies; Focus on Professional Liability / PLUS; Directory: Premium Finance; Market: Trucking……
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11/04/2018
Top Commercial Lines Agencies; Focus on Professional Liability / PLUS; Directory: Premium Finance; Market: Trucking……
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11/04/2018
Top Commercial Lines Agencies; Focus on Professional Liability / PLUS; Directory: Premium Finance; Market: Trucking……
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11/04/2018
Top Commercial Lines Agencies; Focus on Professional Liability / PLUS; Directory: Premium Finance; Market: Trucking……
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11/04/2018
Top Commercial Lines Agencies; Focus on Professional Liability / PLUS; Directory: Premium Finance; Market: Trucking……
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11/04/2018
Top Commercial Lines Agencies; Focus on Professional Liability / PLUS; Directory: Premium Finance; Market: Trucking……
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11/02/2018
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has appointed Moroni Rodrigues chief financial officer for the Southwest Region. Rodrigues will oversee the finance, treasury and accounting operations of MMA Southwest, which has offices throughout ………
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11/02/2018
ISMIE Mutual Insurance Co., a medical professional liability insurance provider, is expanding into Ohio after state regulators there granted the company admitted status. ISMIE said it is now able to offer Ohio physicians, health professionals and medical entities of all ………
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11/02/2018
A utility-location worker failed to properly mark a natural gas line in a Madison, Wisconsin, suburb this summer, leading to an explosion that leveled more than half a dozen buildings and killed a firefighter, according to court documents. A search ………
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11/02/2018
The Insurance Council of Texas (ICT) Education Foundation recently honored 20 students studying insurance and risk management at universities in Texas with $31,000 in scholarships. Funds for ICT’s scholarship program come from individual and company donations as well as ICT’s ………
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11/02/2018
Berkley Equine & Cattle (BEC) has opened its Animal Mortality Claims Adjusting Office in Lexington, Ky., and appointed Philip O. Bradley as manager. Bradley has more than 25 years of experience adjusting equine, cattle and other livestock claims. BEC, a ………
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11/02/2018
Arrow Plumbing LLC has admitted to willfully violating federal safety standards by failing to require and enforce the use of trench boxes or other trench protection techniques at a home construction site in Belton, Missouri, the U.S. Department of Labor’s ………
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11/02/2018
Federal safety officials have cited Venture Metals LLC – based in Dallas, Texas – for exposing employees to crushing hazards after a stack of pipes fell and crushed a worker, leading to his hospitalization. The company faces $311,580 in penalties ………
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11/02/2018
Documents show five lawsuits against a former West Virginia state trooper have been settled for $780,000, with half of that sum involving a woman who accused him of sexual assault. The Charleston Gazette-Mail reports the lawsuits were settled against Trooper ………
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11/02/2018
Hurricane Florence in North Carolina is now estimated to have caused $17 billion in damage, according to a statement from Governor Roy Cooper’s office. An Oct. 31 updated damage estimate from the North Carolina Office of State Budget and Management ………
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11/02/2018
Hurricane Michael left a snowy landscape of ruined white cotton on Georgia’s red clay, destroying a crop and likely bringing hard times to the region’s many small communities built on agriculture. When the storm struck, most of the cotton was ………
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11/02/2018
Small business digital insurance carrier Next Insurance has launched a new general contractor insurance policy that includes general and professional liability insurance for general contractors entirely online. Next Insurance now offers three coverage plans for general contractor insurance starting…
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11/02/2018
The former head of Utah Valley University’s anti-discrimination office has reached a settlement with the college after the woman filed a lawsuit accusing the school of unfairly firing her after she raised concerns about discrimination against women and non-Mormons. The ………
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11/02/2018
A Northern California utility received 146 demands for reimbursement from customers who say Pacific Gas & Electric Company’s controversial decision to cut power to prevent wildfires hurt them economically. The utility said Wednesday in a report to California regulators that ………
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11/02/2018
A jury has awarded more than $3.5 million to a former Catholic school teacher who said the Archdiocese of Los Angeles fired her for being pregnant and unwed. City News Service reported that jurors deliberated for less than a day ………
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11/02/2018
Severe storms hit the Gulf Coast region on Thursday, spawned at least a dozen tornadoes and left at least two people dead. -More- ……
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11/02/2018
General Motors CEO Mary Barra said the automaker’s self-driving Cruise AV will be operating on public roads within geofenced -More- ……
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11/02/2018
The Trump administration has loosened red tape surrounding the nation’s ability to respond to cybersecurity attacks and will -More- ……
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11/02/2018
Seismologists Thomas Heaton and Richard Allen’s ShakeAlert system is being implemented to give West Coast residents alerts se -More- ……
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11/02/2018
Digital technology poses disruption to the insurance and reinsurance sectors, although both — particularly reinsurers — cou -More- ……
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11/02/2018
A Moody’s Investors Service survey found property/casualty insurers to be in a “modestly positive” rate environment, with com -More- ……
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11/02/2018
Construction on the main spillway at Oroville Dam in California has wrapped up just in time for the rainy season, although th -More- ……
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11/02/2018
Equipment failure at a Delaware refinery caused an explosion that has sent three workers to the hospital. News outlets report the Office of the State Fire Marshal said in a release the Delaware City Refinery was the site of a ………
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11/02/2018
Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Insurance Management Associates Inc. (IMA). Terms of the transaction were not disclosed. Based in Annapolis, Md., IMA is a full-service commercial and personal insurance agency. IMA President Randall ………
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11/02/2018
PMA Companies, a Pennsylvania-headquartered provider of workers’ compensation, casualty insurance, and TPA and risk services, has named Josephine Copeland as vice president of Managed Care. In this role, Copeland is responsible for leading PMA’s corporate and field Managed Care operation…
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11/02/2018
Donations made by pro-Brexit groups including Arron Banks’ Leave.EU will be investigated by police after the Electoral Commission said they may have “knowingly concealed” the true source of 8 million pounds ($10.3 million) of funds to the campaign. The Electoral ………
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11/02/2018
Federal prosecutors have launched a criminal investigation of utility company NiSource Inc over gas explosions and fires in three Massachusetts communities that killed one person and injured at least 21 others in September, the company disclosed on Thursday. Grand jury ………
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11/02/2018
Willis Towers Watson announced the appointment of Adrian Willmott as sales leader for its Corporate Risk & Broking GB Retail business. Based in London, Willmott will be responsible for developing Willis Towers Watson’s integrated sales approach for the retail business ………
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11/02/2018
Bayer AG’s chief executive said this week the company might consider settling lawsuits over Monsanto’s glyphosate-containing weed-killers depending on how high court costs rise, but stressed it remained focused on defending the combined company against claims they cause cancer. Bayer …
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11/02/2018
A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards. Senator Ron Wyden released a draft of legislation that would ………
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11/02/2018
Zurich Canada announced a new organizational structure and team, which is designed to simplify and strengthen the insurer’s go-to-market approach. “We now have the structure in place to ramp up our support for our customers and brokers in Canada, strengthening ………
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11/02/2018
Investment manager Neuberger Berman Group has acquired an asset manager and an affiliated reinsurer, which manage more than $1 billion in assets, focusing on insurance-linked strategies. New York-based Cartesian Re and its Bermuda affiliate Iris Re were purchased from Cartesian ………
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11/02/2018
The Lion Air jet that crashed into the Java Sea off Indonesia earlier this week had experienced problems with the sensors used to calculate altitude and speed on its previous flight, an issue that could help explain why the plane ………
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11/02/2018
Indonesian divers on Friday resumed a search for a second black box amid the sunken wreckage of a nearly new aircraft that slammed into the sea off Jakarta this week, killing all 189 people on board. Searchers have found only ………
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11/02/2018
Specialty insurer Hiscox USA has promoted David Hart to senior vice president, product head for Media. Hart, who joined Hiscox in 2006 and manages media and entertainment insurance products in the U.S., has three decades of experience underwriting media and ………
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11/02/2018
“We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president ………
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11/02/2018
A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress — casting doubt on the future of unusually bipartisan legislation in Washington. In order to get a final ………
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11/01/2018
Liberty Mutual and its subsidiaries reported net income of $282 million and $1.911 billion for the three and nine months ended Sept. 30, 2018 versus net loss attributable of $665 million and $188 million for the same periods in 2017. ………
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11/01/2018
Texas Governor Greg Abbott has asked President Donald Trump for a Presidential Disaster Declaration for Texas counties heavily impacted by recent severe weather and flooding that caused widespread damage across the state. Additional Texas counties may be added to the ………
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11/01/2018
Texas Mutual Insurance Co. has reported that a Travis County district court sentenced Kaydra Moore of Cedar Hill, Texas. on workers’ compensation fraud charges. The court sentenced Moore to a Class A misdemeanor with one year deferred adjudication. She will ………
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11/01/2018
Demolition has begun on a giant waterslide that a 10-year-old Kansas boy was riding on when he was decapitated two years ago. KMBC-TV reports that deconstruction of the 17-story Verruckt, which was billed as the world’s tallest waterslide, began Tuesday. ………
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11/01/2018
Federal investigators determined that a broken rail caused the fiery 2017 train derailment in northwest Iowa that released 322,000 gallons of ethanol. The National Transportation Safety Board has ruled that Union Pacific’s maintenance was inadequate before the March 2017 derailment ………
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11/01/2018
A new state report shows doctors have been prescribing fewer opioids over the last three years. The report from the state Controlled Substances Board shows opioid prescriptions have decreased 32 percent over the last three years, from 1,285,940 prescriptions in ………
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11/01/2018
State troopers say seven children have been injured in a school bus crash in Alabama. Alabama Law Enforcement Agency spokesman Cpl. Jeremy Baker tells news outlets six children were released after being treated for minor injuries at a hospital in ………
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11/01/2018
Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the Florida Office of Insurance Regulation. The current number of claims from Hurricane Michael, a Category 4 storm that hit ………
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11/01/2018
A Florida man says the autopilot feature of his Tesla vehicle failed to detect a disabled car on a highway, leading to a collision that left him with permanent injuries, according to a negligence lawsuit filed Tuesday. Shawn Hudson said ………
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11/01/2018
ProSight has expanded ProSight Direct, its online direct-to-consumer platform that offers customized insurance for small business professionals, to include coverage for customers in the fitness and wellness industries. From yoga instructors to personal trainers and dietitians – customers can get …
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11/01/2018
The growing pains of shared electric scooter businesses have led one Southern California city to take a wait-and-see approach. The Ventura City Council voted 5-0 this week night to ban scooters after a company called Bird filed an application to ………
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11/01/2018
The insurance provider for Columbia County, Ore. will pay $251,000 to settle a lawsuit filed by a former inmate who claimed jail deputies turned their police dog on him in retaliation for calling one of them a disparaging name. The ………
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11/01/2018
Southern California Edison said its equipment likely sparked one of two ignition points for the massive wildfire that tore through California’s central coast last year. Witnesses reported flames near the company’s power poles in Ventura County last December and the ………
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11/01/2018
Reports of tornadoes have emerged as severe storms are moving across Louisiana and Mississippi and damaging structures and ve -More- ……
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11/01/2018
The value of first-half insurance industry mergers and acquisitions in 2018 hit the highest level since the financial crisis, -More- ……
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11/01/2018
Insurtech startups that reached “unicorn” status, being valued at more than $1 billion, were the main drivers of insurtech fu -More- ……
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11/01/2018
A 17% decrease in workers’ compensation insurance rates has gained the Connecticut Insurance Department’s approval, marking t -More- ……
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11/01/2018
Cybersecurity firm Symantec reports that the hacking group that used ransomware to shut down Atlanta’s computers has focused -More- ……
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11/01/2018
A lawsuit against electric scooter startups Bird Rides and Lime as well as manufacturers Segway and Xiaomi says the companies -More- ……
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11/01/2018
Espionage charges have been filed against Chinese intelligence officers and hackers after they allegedly hacked into US aeros -More- ……
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11/01/2018
The Atlantic hurricane season continues through Nov. -More- ……
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11/01/2018
The Wisconsin Supreme Court has held that a wildfire started by a logging company’s equipment was a single occurrence and the -More- ……
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11/01/2018
Generali opened a representative office of Generali in Moscow on Oct. 31, 2018, which the company said is an important milestone in its expansion in the country. The office was opened by two Generali executives: Luciano Cirinà and Giorgio Callegari. ………
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11/01/2018
Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquisition will give Arch a meaningful presence and an extended office network across the UK that ………
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11/01/2018
RenaissanceRe’s planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O’Donnell, president and CEO of RenRe. “The TMR transaction will accelerate our strategy by providing us greater penetration into…
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11/01/2018
Two utility workers were killed and two others were hurt when their maintenance helicopter got caught on power lines and crashed in rural northeastern New York, state police said. Pieces of the aircraft dangled from power lines late Tuesday afternoon ………
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11/01/2018
A New Jersey woman has pleaded guilty to fraudulently obtaining insurance identification cards as part of a scheme to steal luxury used vehicles from dealerships in New Jersey and New York. Paige Hunt, 27, of Bloomfield, N.J., pleaded guilty to ………
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11/01/2018
Pipeline upgrade work at the center of natural gas explosions and fires north of Boston last month has been completed. Columbia Gas announced Tuesday it had replaced about 44 miles of gas mains and more than 5,000 service lines across ………
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11/01/2018
QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, which is now largely complete, Asia Pacific will no longer be a separate ………
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11/01/2018
Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the matter said. A listing of ………
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11/01/2018
Indonesian divers on Thursday retrieved a black box from a Lion Airpassenger jet that crashed into the shallow sea off the coast of the capital, Jakarta, killing all 189 people onboard. The device should provide clues to what went wrong ………
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11/01/2018
Adios Mordy Rothberg. One of the men behind Confie Seguros, a nonstandard auto insurance giant with an emphasis on serving Hispanic consumers that has been on an agency buying spree since it started in 2008, is calling it quits. Rothberg, ………
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11/01/2018
British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday. British and European negotiators have reached tentative ………
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11/01/2018
The school groundskeeper who won a jury trial against Bayer AG’s Monsanto unit over allegations that the company’s glyphosate-containing weed-killers caused his cancer, accepted a court-mandated reduced punitive damages award on Wednesday. The decision by Dewayne Johnson, who sued Monsan…
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11/01/2018
U.S. Supreme Court justices questioned an $8.5 million Google settlement in a case that could make it harder for companies to resolve class-action lawsuits without providing direct compensation to those affected. The court’s conservative members signaled skepticism toward those types ……..
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11/01/2018
Tech-driven virtual claims services company Snapsheet started out as a service for body shops called Body Shop Bids before pivoting to serving insurers five years ago. Alex Meisner, director of innovation, is one of the original employees and knows the ………
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10/31/2018
LMC Insurance and Risk Management (LMC Insurance) is launching a new health insurance product underwritten by Wellmark Blue Cross and Blue Shield for Iowa-based employers with 51-500 eligible employees. The program, referred to as the Employer Coalition, will be available ………
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10/31/2018
A resident of Richardson, Texas, who recognized a suspected arsonist from a television news report has been awarded a $500 check for his call that will lead to the arrests of three suspects in the fire of the Owens Sausage ………
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10/31/2018
There’s a $240,000 settlement in the case of an 11-year-old black girl stunned by a Cincinnati, Ohio, police officer after she was spotted shoplifting in a grocery store and tried to run away. The Cincinnati Enquirer reported the city of ………
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10/31/2018
A final judgment upholds a jury award of more than $200 million to a Dallas-area family against Toyota over what they alleged were defective front seats in their Lexus sedan. State District Judge Dale Tillery entered the final judgment on ………
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10/31/2018
The state Supreme Court is limiting an insurance company’s payout in a massive northwestern Wisconsin wildfire. Logging equipment owned by Ray Duerr Logging LLC sparked the Germann Road Fire in Douglas County in May 2013. The fire consumed about 7,442 ………
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10/31/2018
Oklahoma state troopers are trying to find a tractor-trailer they say lost a wheel assembly in Oklahoma City and caused multiple crashes, including one that left a driver dead. The Oklahoma Highway Patrol says the series of crashes happened shortly ………
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10/31/2018
Kentucky Attorney General Andy Beshear has sued a pharmaceutical company, accusing it of contributing to the state’s opioid epidemic. Beshear says he has sued Pennsylvania-based Teva for marketing its products to treat chronic pain despite the drugs being approved for ………
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10/31/2018
The Southeastern United States is mostly free of drought, but a new federal assessment shows conditions are worsening slightly in Georgia and Alabama. A new map released last week by the U.S. Drought Monitor shows about one-third of Georgia is ………
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10/31/2018
A.M. Best has upgraded the financial strength ratings of two workers’ compensation insurers based in Florida. RetailFirst Insurance Co. and BusinessFirst Insurance Co. have received a financial strength ratings of A- (Excellent) from A.M. Best, upgraded from B++ (Good). The ………
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10/31/2018
Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018, compared to a net loss of $1.7 billion in the prior-year quarter. Adjusted after-tax loss was ………
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10/31/2018
The Los Angeles Unified School District will pay $5 million to settle a lawsuit filed on behalf of a student who was molested by a teacher when she was 13. It would be the largest payout the nation’s second-largest school ………
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10/31/2018
QBE North America has promoted Kristy Kendle to regional executive for the Western region, which includes Arizona, California, Idaho, Montana, Nevada, Oregon, Utah and Washington. Kendle is accountable for profitable growth across QBE’s specialized insurance business portfolio, as well as R…
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10/31/2018
Direct written premiums for US homeowners insurance could rise to $96 billion this year after reaching $94 billion in 2017, u -More- ……
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10/31/2018
Waymo has received the first permit to test its fully self-driving cars on California’s public roads without having a safety -More- ……
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10/31/2018
Lime said it recalled about 2,000 of its electric scooters over the summer because of the risk of battery fires. -More- ……
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10/31/2018
The Ohio Supreme Court held this month that damage resulting from a subcontractor’s faulty work is not covered under the gene -More- ……
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10/31/2018
The Florida Office of Insurance Regulation said insurance claims payouts stemming from Hurricane Michael have surpassed $2 bi -More- ……
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10/31/2018
A panel of industry executives at PCI’s Annual Meeting said cedents might see more limited choices as reinsurance brokers con -More- ……
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10/31/2018
A large storm moving from the western US to the east could dump as much as a foot of snow in Colorado and New Mexico, while d -More- ……
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10/31/2018
PCI has elected Pete McPartland of Sentry Insurance Group as chairman of its board of governors, Jim Brannen of FBL Financial -More- ……
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10/31/2018
More companies, including tech firms IBM, Microsoft and Cisco, are using artificial intelligence such as IBM’s Watson for dig -More- ……
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10/31/2018
U.S homeowners insurers saw an increase in both the number of losses and the percentage of those losses that resulted from an extreme weather event during 2017. According to a LexisNexis Home Trends report, loss costs increased 19 percent from ………
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10/31/2018
QBE Canada unveiled a new leadership team, which is being led by Jamie Thompson, who took on the role as director of Canada earlier this year. In this role, Thompson has oversight of QBE’s Canadian customers, including those who purchase ………
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10/31/2018
The Connecticut Insurance Department has approved a nearly 17 percent decrease in rates for workers’ compensation insurance, marking the fifth consecutive year that rates have dropped in Connecticut. “This steady drop – nearly 50 percent over the last five years ………
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10/31/2018
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Arkin Youngentob Associates, a full-service employee and executive benefits firm headquartered in Bethesda, Md. Terms of the deal were not disclosed. Founded in 1981, Arkin Youngentob ………
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10/31/2018
The pipeline upgrade work that triggered natural gas explosions and fires in three Massachusetts communities last month is slated to be finished this week ahead of schedule. Columbia Gas said in a newsletter to customers Monday that replacement of about ………
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10/31/2018
Liberty Mutual’s Safeco insurance has agreed to accept the $132.5 million in personal lines business of Iowa-based EMC Insurance Companies. Safeco is offering EMC’s independent agents the opportunity to transition their EMC personal lines policies to Safeco beginning the first ………
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10/31/2018
The Willis Research Network (WRN) announced it has renewed its partnership with the Global Earthquake Model (GEM) Foundation. The agreement represents a continued commitment to working collaboratively in order to develop and promote better understanding of earthquake risk. “The truly ……..
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10/31/2018
Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its 33 percent share in the share capital of Cardif Lux Vie S.A. (CLV), for a total cash consideration of €152 million ($172.7 million). Under the deal, ………
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10/31/2018
A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard & Poor’s said on Tuesday. ………
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10/31/2018
Pinnacol Assurance in Colorado has named Krista O’Rourke vice president of agency relations and safety services. O’Rourke replaces longtime Pinnacol executive Jon Scott, who retired Sept. 30. She will also oversee business development, agent retention and safety management. O’Rourk…
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10/31/2018
Canadian insurer Manulife Financial Corp said on Tuesday it would ask a court in Saskatchewan to dismiss claims made against it by a hedge fund after the province changed its rules to limit how much an investor can put into ………
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10/31/2018
Indonesia may be close to finding the main wreckage of the Lion Air plane that crashed earlier this week, as the hunt for clues to what caused the country’s worst air disaster since 1997 continued into a third day. The ………
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10/31/2018
About 30 people were trapped in northern Philippine buildings buried by landslides caused by heavy rain from Typhoon Yutu, according to the disaster-monitoring agency. Local media is reporting at least seven dead. The buildings in Natonin town in Luzon’s Mountain ………
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10/31/2018
Chubb has added Small Commercial Insurance (SCI) coverage for risks faced by small manufacturers to its digital platform – the Chubb Marketplace, which features a broad and customizable suite of products for manufacturers. With this launch, Chubb SCI now offers ………
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10/31/2018
Global insurance mergers and acquisitions rose to 37 billion euros ($41.9 billion) in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a report by Willis Towers ………
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10/31/2018
A lawsuit targeting electric scooter-sharing companies seizes on the dangers of zipping around town on two wheels and brings gory detail to one of the more polarizing technology trends to emerge over the last year. Nine people who were injured ………
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10/30/2018
Two people in Michigan face felony charges filed by the state’s attorney general for allegedly selling fraudulent insurance to customers. The charges are the result a joint investigation by the Child, Elder, and Family Financial Crimes Division at the Michigan ………
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10/30/2018
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting comments on five newly proposed forms to help insurance carriers submit requests for reimbursement from the Subsequent Injury Fund (SIF). Use of these forms will be voluntary. The ………
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10/30/2018
The owner of a Columbus, Ohio, cleaning company who continued to run his business after his workers’ compensation insurance lapsed in 2010 has paid more than $43,000 in restitution to the Ohio Bureau of Workers’ Compensation (BWC), the insurer announced. ………
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10/30/2018
Two lawsuits allege that the operator of a gas well that exploded in southeastern Oklahoma used a cheaper and quicker drilling plan despite experts’ advice. The Tulsa World reports that the January explosion near Quinton killed five workers who were ………
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10/30/2018
Stephens Insurance LLC an independent, financial services firm, has hired Chris Hawkins as senior vice president, Robert Mann and John Rhodes as vice presidents, and Kevin Yandell as claims coordinator. All four are located in Texas. Hawkins will lead the ………
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10/30/2018
The Illinois Department of Transportation has begun a statewide initiative among multiple government agencies to develop a testing program for connected and autonomous vehicles. Gov. Bruce Rauner signed an executive order last week directing IDOT to develop a program called ………
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10/30/2018
Three contractors conducting business in Leon, Gadsden, and Gulf counties have been removed from the Panhandle by the Florida Department of Financial Services’ Disaster Fraud Action Strike Team for unlicensed activity following Hurricane Michael, according to a statement from Florida ……..
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10/30/2018
King County Metro Transit in Washington has apologized and made a multimillion-dollar payment to the family of an Amazon employee who was killed last year by a turning bus. The Seattle Times reports 43-year-old John Ahn had finished dinner with ………
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10/30/2018
Mercury General Corp. reported third-quarter net income of $58.6 million. On a per-share basis, the Los Angeles-based insurance carrier said on Monday it had profit of $1.06. Earnings, adjusted for investment costs, were $1.11 per share. The auto insurance company ………
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10/30/2018
The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates rising by low-to-mid-single digits, and commercial casualty rates showing smaller c…
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10/30/2018
Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio Millennium Re AG and Tokio Millennium Re (UK). If closing tangible book value is unchanged from June 30, 2018, Tokio ………
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10/30/2018
10/30/2018
The reinsurance industry has a mostly stable market outlook for personal and commercial lines, according to Stefan Holzberger -More- ……
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10/30/2018
Facebook is being ordered by a government agency in the Philippines to either buy insurance for people affected by a hack or -More- ……
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10/30/2018
Hurricane Michael could cost Florida farmers $158 million in damages, according to a University of Florida study. -More- ……
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10/30/2018
Derrick Martins Oliveira, who was injured in a one-vehicle accident in 2014, was not granted underinsured motorist coverage b -More- ……
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10/30/2018
More than two years after ride-sharing service Uber not only failed to notify the Federal Trade Commission of a security brea -More- ……
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10/30/2018
Hurricane Michael’s total insured losses are estimated at $1.6 billion, according to the Florida Office of Insurance Regulati -More- ……
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10/30/2018
Waymo could charge users of its self-driving car rides in the Phoenix area, said Ruth Porat, chief financial officer of Alpha -More- ……
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10/30/2018
The promise of smart cities also comes with a variety of risks to companies, governments and residents, making insurance an i -More- ……
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10/30/2018
The former pastor of a Baltimore, Md., church has been sentenced to three years in prison for setting fire to an apartment he rented in Southeast Washington in a plan to collect insurance money. The announcement was made by U.S. ………
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10/30/2018
John King has been named chief underwriting officer for Brit Global Specialty USA. King moves to BGSU, based in Chicago, from his current role as group executive underwriter at Brit Global Specialty in London. King brings 30 years of experience ………
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10/30/2018
UK insurers and brokers have applauded the UK Treasury’s decision not to raise premium taxes, which they said would have cost each household an average of £200 ($256.40) annually. “We are pleased that the Chancellor has done the right thing ………
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10/30/2018
The utility involved in a series of natural gas explosions and fires in three Massachusetts communities last month acknowledged Friday it would not meet its original Nov. 19 deadline for restoring gas service to all its customers. Columbia Gas set ………
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10/30/2018
Local Virginia education officials have been sued over a game of tag played in gym class by a student who says it caused him serious long-term injuries. The Virginia-Pilot reports Javonte Smith and his father sued this month in Chesapeake ………
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10/30/2018
U.S. Supreme Court justices signaled on Monday they may issue more pro-business rulings giving companies wide latitude to use arbitration to resolve disputes with employees, customers or other businesses rather than the courts. The nine justices heard arguments in two ………
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10/30/2018
The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said, announcing a list of 10 “1-in-100-year” events possible in the vast area that includes the Pacific Ring of Fire and the largest concentration of tropical cyclones. Without providing ………
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10/30/2018
Alphabet Inc.’s Waymo unit on Tuesday became the first company to receive a permit from the state of California to test driverless vehicles without a backup driver in the front seat, the state’s Department of Motor Vehicles said. California said ………
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10/30/2018
Oak Harbor, Wash.-based Cascade Insurance Agency merged operations with Leavitt Group Northwest. Terms of the deal were not disclosed. Shelli Trumbull will join Sue Blouin and Bonnie Wallin in Leavitt Group’s Oak Harbor office. With this merger, the combined agency ………
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10/30/2018
When encountering a centenarian one often asks their secret to longevity. Embrace change. That’s was the secret Andy Barrengos, CEO of Woodruff Sawyer, shot back to the question without hesitation. Barrengos, 54, is himself barely halfway to the 100-year-mark. However, ………
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10/30/2018
The final estimate of insured property losses for Extratropical Cyclone Herwart, which primarily affected Austria and Germany on Oct. 29, 2017, is €264 million (US$300.6 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data….
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10/30/2018
Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike at the core of ………
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10/30/2018
Typhoon Yutu slammed into northern Philippines on Tuesday and is traveling a path similar to last month’s super storm Mangkhut that killed at least 82 people and damaged about $500 million of farm output in the Southeast Asian nation. More ………
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10/30/2018
American International Group Inc. announced the appointment of Peter Bilsby as global head of Specialty. In this new role, Bilsby will report to Christopher Townsend, chief executive officer of AIG General Insurance International, with responsibility for the global energy, marine, ………
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10/30/2018
The Indonesian airliner that crashed Monday in waters near Jakarta was plunging at hundreds of miles an hour in its final seconds, according to preliminary data transmitted by the plane that could aid investigators looking for a cause. Lion Air ………
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10/30/2018
Florida authorities have linked six more deaths to Hurricane Michael, raising the state’s death toll to 35. The storm’s overall death toll now stands at 45, with 10 deaths in other states. Florida Emergency Management Division spokesman Alberto Moscoso said ………
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10/30/2018
An Alabama woman who claimed in a lawsuit that she was cyberbullied has been awarded $10,000 in damages. The Tuscaloosa News reports Victoria Love was awarded the money Oct. 23 by a Tuscaloosa County jury in her suit against Tim ………
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10/30/2018
Police say an explosion at a Kentucky home has killed one person and injured two others. State Trooper Scotty Sharp says in a news release the explosion occurred Saturday in McDaniels. The statement says a preliminary investigation found the explosion ………
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10/30/2018
Hub International Limited (HUB) has launched a hospitality captive, an exclusive member-owned group captive insurance program designed for hospitality clients. Through the use of a captive, hospitality clients can gain better insight into exposures and risks, and have the option ………
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10/30/2018
Wells Fargo & Co. will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters. U.S. regulators slapped Wells Fargo ………
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10/30/2018
Mercedes-Benz USA is under investigation by U.S. safety regulators who say the luxury-auto maker may be taking too long to send safety recall notices to car owners and inform the government. The National Highway Traffic Safety Administration told the unit ………
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10/30/2018
Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For insurers, on the other hand, record ………
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10/30/2018
Untimely claims handling and failure to provide required compliant claims, underwriting, and policyholder service disclosures are the U.S. insurance industry’s top compliance shortcomings. That’s according to a review by Wolters Kluwer of U.S. insurers’ market conduct actions publi…
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10/29/2018
Wet weather this year has delayed Wisconsin’s grain harvest and caused widespread mold problems in farm fields, according to agriculture experts. The U.S. Department of Agriculture expects Wisconsin farmers to harvest a record amount of soybeans this year, but farmers ………
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10/29/2018
Florida-based insurance agency franchisor, Brightway Insurance, has recently opened new stores in Louisiana, Michigan and Texas. Ankur Patel and Vipul Hapani opened Brightway, The Blue Water Agency in Ann Arbor, Michican. Joseph Bohrer opened Brightway, The Joseph Bohrer Agency in ………
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10/29/2018
The Ohio Supreme Court in early October ruled that a general contractor’s commercial general liability policy does not cover the faulty work of a subcontractor. In its consideration of Ohio N. Univ. v. Charles Constr. Servs., Inc., the court relied ………
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10/29/2018
A national transportation research group says 14 percent of Louisiana’s state and local bridges are structurally deficient, the seventh-highest rate in the nation. A report by TRIP, a Washington, D.C.-based nonprofit organization, says 1,821 bridges in Louisiana are deemed to ………
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10/29/2018
Authorities say two women were injured when the third-floor balcony of their San Francisco home collapsed. The San Francisco Fire Department reported the collapse happened early Saturday at a single-family home in the city’s Outer Sunset District. The women were ………
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10/29/2018
A federal judge has dismissed a lawsuit filed by Josephine County against the state of Oregon over legalized marijuana. The Daily Courier reported that U.S. District Judge Michael McShane earlier this week signed a formal order dismissing the lawsuit. It ………
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10/29/2018
The University of Arizona has banned dockless electric scooters from its campus effective immediately. University of Arizona Parking and Transportation Services Interim Executive Director Gail Nazarenko says the decision for the ban is “based on the experience of ASU,” which ………
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10/29/2018
Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, ………
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10/29/2018
The U.S. Supreme Court on Friday agreed to take up a dispute involving a small Alabama company that accused the U.S. Postal Service of infringing its patented mail processing system and improperly convincing a federal tribunal to cancel the patent. ………
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10/29/2018
10/29/2018
A Nor’easter on Saturday brought high winds and flooding to coastal areas of New England and the Mid-Atlantic, along with pow -More- ……
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10/29/2018
Technology is helping underwriters improve data collection and assess risk across industries. -More- ……
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10/29/2018
To reduce workers’ compensation claims, Eric Wente of Wente Family Estates vineyards found criminology students to help him a -More- ……
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10/29/2018
Follow-up exams for workers’ compensation recipients are again required in Pennsylvania after Gov. -More- ……
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10/29/2018
US entities paid $2.7 trillion in insurance premiums in 2016, but only 0.09% of insurance spending was on cyberinsurance, wri -More- ……
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10/29/2018
A study from August suggests 63% of property and casualty insurers are looking to add employees within the next year, with 72 -More- ……
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10/29/2018
Homeowners can use natural landscapes to create barriers from wildfires, among other measures, but the best protection is app -More- ……
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10/29/2018
The industry and other stakeholders must work to close the protection gap, particularly when it comes to flooding, says David -More- ……
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10/29/2018
A survey by PartnerRe and Advisen found that 70% of respondents are looking for a standalone cyberinsurance policy instead of -More- ……
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10/29/2018
Federal transportation officials say a plane that crashed off Long Island earlier this month, killing all three people aboard, had broken up before hitting the water. Newsday reports the National Transportation Safety Board’s preliminary report says the twin-engine Piper PA-34 ………
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10/29/2018
The family of a teen killed when a series of natural gas explosions and explosions rocked communities north of Boston plans to file a wrongful death lawsuit against the utility company. Attorney Doug Sheff told reporters Thursday Columbia Gas was ………
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10/29/2018
Property/casualty insurers’ operating environment today is very different than just a few short years ago. Lines that were stable are now volatile and those that have struggled are looking profitable, reinsurance intermediary Guy Carpenter & Co. says in its 2018 ………
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10/29/2018
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has launched a windstorm forecasting platform in Australia and updated its existing service in Europe. The website, called “Wind-Jeannie,” was first launched in Europe in September 2…
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10/29/2018
A Massachusetts Appeals Court has ruled in favor of an insurer in a case involving an automobile accident in which the injured plaintiff sought to obtain underinsured motorist coverage under a policy held by the mother and stepfather of his ………
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10/29/2018
Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. Financial details of the deal, which is subject to a number ………
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10/29/2018
Boardroom pay is a contentious issue in the U.K., which is hardly surprising when top CEOs earn 145 times more on average than their workers. Shareholders have been slow to call time on the gravy train, probably because the stock-market ………
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10/29/2018
Philippine authorities started to move people to safer grounds as Typhoon Yutu approaches, tracking a path similar to last month’s storm that devastated rice-producing provinces in the main island of Luzon. Yutu, which last week became the strongest storm since ………
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10/29/2018
AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t ………
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10/29/2018
Mike Cunningham has been named new co-owner of Shook-Leavitt Insurance Agency in Idaho, which will now do business as Leavitt Inland Pacific Insurance Services. Amy Shook remains with the agency as manager and a licensed agent. The changes will not ………
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10/29/2018
A Lion Air jet carrying 189 people crashed in the Java Sea off Indonesia, in potentially the worst commercial aviation disaster in three years. Flight JT610, operating a brand new Boeing Co. 737 Max 8, took off from the capital ………
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10/29/2018
A fraud investigation initiated by the Idaho Department of Insurance lead to the criminal prosecution of a local trucking company owner who pocketed insurance premiums. DOI investigators teamed with the state Attorney General’s Office following a consumer tip to build ………
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10/29/2018
A heist has wiped a North Carolina emerald mine out of an estimated $100,000 in rare precious gems and gold jewelry. An Alexander County Sheriff’s Office release says thieves broke into, vandalized and robbed Emerald Hollow Mine on Oct. 20. ………
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10/29/2018
U.S. Justice Department officials say a new law enforcement strike force is being formed to combat opioid abuse in Appalachia. Assistant Attorney General Brian A. Benczkowski says the Appalachian Regional Prescription Opioid Strike Force will investigate health care fraud schemes ………
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10/29/2018
A new study says Florida crops suffered $158 million in damages from Hurricane Michael. The report released Friday by the University of Florida Institute of Food and Agricultural Sciences says that almost all of the state’s cotton crop was wiped ………
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10/29/2018
A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or “robo,” calls to cell phones without consumers’ consent. Filed on Thursday on behalf of a nationwide class, the ………
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10/29/2018
MGM Resorts International wants to negotiate a possible settlement with the victims of the Oct. 1, 2017, shooting at the Harvest Festival in Las Vegas, in which 58 people were killed and hundreds were wounded. The company and a group ………
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10/29/2018
As small business owners shop for 2019 health insurance, some will for the first time have the chance to join forces and buy cheaper insurance – depending on which state they’re in. New rules that began going into effect last ………
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10/28/2018
Super Typhoon Yutu is set to rip into the Philippines’ most populous island with crushing winds, heavy rain and a dangerous storm surge late Monday into Tuesday, adding to the destruction it left in the U.S. Northern Mariana Islands last ………
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10/27/2018
Ratings agency Fitch said on Friday it no longer assumed that Britain would leave the European Union in a smooth transition and said a “no deal” Brexit could lead to a further downgrade of its sovereign credit rating. “In Fitch’s ………
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10/26/2018
Officials say the farm that employed a Florida woman fatally struck by lightning has been cited for failing to protect workers. A U.S. Department of Labor news release says Occupational Health and Safety Administration inspectors determined that C.W. Hendrix Farms ………
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10/26/2018
Iowa’s Division of Workers’ Compensation has delayed its planned roll out of a new electronic filing, case management, hearing scheduling and EDI system for workers’ compensation, WCES. The Division had planned to go live with the new system on Dec. ………
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10/26/2018
The board of directors at Bloomington, Minnesota-based SFM Mutual Insurance Co. has named Terry Miller president and chief executive officer of the organization. Miller’s promotion, effective Nov. 5, is the result of a leadership succession strategy that has been in ………
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10/26/2018
W. R. Berkley Corp. has announced that Scott R. Barraclough is the new chief executive officer of its Berkley Public Entity and Curtis E. Fletcher has succeeded Barraclough as president of Admiral Insurance, another Berkley company. Barraclough most recently served ………
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10/26/2018
The Hartford reported third quarter 2018 net profit of $427 million compared with $145 million in third quarter 2017. The $282 million increase was due to higher commercial lines, personal lines, group benefits and mutual funds income, including the benefit ………
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10/26/2018
Texas’ Denton County will pay $115,000 to a female former county doctor after a federal court entered judgment in favor of the U.S. Equal Employment Opportunity Commission (EEOC) in a pay discrimination lawsuit (EEOC), the federal agency announced. According to ………
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10/26/2018
Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family) announced its policyholder members have approved the company’s merger with Florida’s Main Street America Group Mutual Holdings Inc. (Main Street America). More than 86 percent of votes cast by proxy &…
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10/26/2018
Investigators say 10 students and their school bus driver were injured when the vehicle was broadsided by an 18-wheeler on a Central Texas highway. The Texas Department of Public Safety says nobody was seriously hurt in the accident involving a ………
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10/26/2018
The Wyoming Attorney General’s Office is suing the maker of OxyContin, claiming the pharmaceutical company deceptively marketed opioid painkillers in the state. The Casper Star-Tribune reports the state filed the lawsuit Thursday in Laramie County Circuit Court against Purdue Pharma, ……..
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10/26/2018
Authorities say a man apparently set a California home on fire while using a blowtorch to kill spiders. KFSN-TV reported 29 firefighters were called to a Fresno housing development Tuesday night to put out a two-alarm blaze. Authorities say a ………
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10/26/2018
Employers Holdings Inc. reported third-quarter earnings of $47.6 million. The Reno, Nevada-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share. The provider of workers-compensation insurance posted revenue of ………
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10/26/2018
A private school system in Hawaii has paid $65 million to 32 people who sued the institution for the sexual abuse perpetrated decades ago by a psychiatric consultant. The Honolulu Star-Advertiser reported the payment Kamehameha Schools made this week is ………
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10/26/2018
A depression in the Atlantic Ocean could develop into a tropical or subtropical storm this weekend. -More- ……
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10/26/2018
Aon and Guidewire Software developed a model that showed economic losses from a cyberattack that opens the gates of a hydroel -More- ……
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10/26/2018
The insurance sector in Mexico has adequate capital and reinsurance to cover losses from Hurricane Willa, A.M. Best reports. -More- ……
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10/26/2018
The personal information of more than 9 million airline passengers was compromised in a Cathay Pacific data breach that occur -More- ……
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10/26/2018
Idaho lawmakers have drafted legislation that would expand workers’ compensation coverage for first responders to include psy -More- ……
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10/26/2018
Illinois will join Arizona, California and Pennsylvania in allowing autonomous-vehicle testing on roads, although a driver mu -More- ……
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10/26/2018
The Workers’ Compensation Insurance Rating Bureau of California reported a 7% year-over-year decline in the projected average -More- ……
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10/26/2018
The Federal Emergency Management Agency is sending relief supplies to the Northern Mariana Islands after super Typhoon Yutu, -More- ……
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10/26/2018
The remnants of Hurricane Willa, which hit Mexico this week, will take a path through the Mid-Atlantic and Northeast and are -More- ……
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10/26/2018
An insurance broker who stole nearly $1 million while continuing to sell health care coverage he knew was fake has been sentenced to 18 months in prison. David Clark, 75, of Morristown, N.J., previously pleaded guilty before U.S. District Judge ………
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10/26/2018
New York’s attorney general on Wednesday sued Exxon Mobil, saying the Texas energy giant has misled investors about the risks that climate change poses to its operations. The lawsuit filed by Attorney General Barbara Underwood is the latest in a ………
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10/26/2018
A.M. Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of bbb+ for Agency Insurance Company of Maryland Inc. (AIC), based in Hanover, Md. The ………
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10/26/2018
Ask employers how they’re doing on sexual harassment in the workplace and most will say pretty well. Employees have a different take. Nearly 70 percent of leaders “strongly agree” that their workplace “does not tolerate harassment.” Fewer than half of ………
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10/26/2018
Following years of research, studies and public debate, the U.S. Army Corps of Engineers ” in partnership with the state’s General Land Office ” has recommended a multi-billion-dollar project that would protect the Houston area and its massive industrial complex ………
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10/26/2018
American International Group, Inc. announced its European subsidiary, AIG Europe Ltd. (AEL) has received approval from the High Court of England & Wales to transfer its business into two new entities: American International Group UK Ltd. (AIG UK) and AIG ………
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10/26/2018
Hartford Steam Boiler (HSB), part of Munich Re, announced the close of the acquisition of relayr, Inc., the Berlin-based industrial internet of things technology company. HSB acquired 100 percent of relayr’s shares and equity interests for $251.7 million in cash ………
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10/26/2018
A no-deal Brexit would drag the U.K. economy to a near standstill next year, according to a new report. If Britain leaves the European Union without an agreement, reverting to World Trade Organization’s most-favored-nation status rules, gross domestic product would ………
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10/26/2018
U.K. Prime Minister Theresa May’s Cabinet is not close enough to agreeing on a way forward for top level Brexit negotiations to resume, even as time is running short to reach a deal, according to people familiar with the matter. ………
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10/26/2018
International Airlines Group said an investigation into the theft of customers’ data at its British Airways subsidiary showed hackers may have stolen the personal information of a further 185,000 customers. British Airways apologized in September after the credit card details ………
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10/26/2018
Cathay Pacific Airways Ltd. said a hacker accessed personal information of 9.4 million customers, becoming the target of the world’s biggest airline data breach. The airline’s shares sank the most in almost two years, shaving $201 million off its market ………
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10/25/2018
Global insurance, risk and consulting firm Marsh & McLennan Companies (MMC) reported consolidated revenue in the third quarter of 2018 was $3.5 billion, an increase of 5 percent compared with the third quarter of 2017. MMC, which is in the ………
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10/25/2018
Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a yet-to-be-announced large inland state. “We’re going after mainland America ………
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10/25/2018
A toxic algae bloom has reached Florida’s Space Coast. The Florida Fish and Wildlife Conservation Commission said red tide had reached parts of Brevard County. The wildlife commission says red tide now spans from Miami-Dade County to halfway up Florida’s ………
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10/25/2018
Chubb President and CEO Evan Greenberg offered positive words about new Lloyd’s of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address “long-term structural issues.” What’s more, Greenberg added, ………
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10/25/2018
A body of U.S. state banking regulators on Thursday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and puts consumers and taxpayers at risk. The ………
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10/25/2018
A crash between an Alabama school bus and a passenger vehicle has killed one person in the vehicle and injured 11 on the bus. State Police Trooper Cpl. Jimmy Harrell tells AL.com 31-year-old Amanda Nicole Hubbard died in the Tuesday ………
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10/25/2018
Injury rates have more than doubled at five West Virginia coal mines acquired by Murray Energy Corp. in 2013, according to a Reuters review of federal data, as the firm sharply increased the amount of coal produced per manhour. Although ………
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10/25/2018
Brenda Austin was worried when her son, Casey, told her he planned to work in North Dakota’s Bakken oilfield in early 2013. “Don’t worry. I’ll be in a safe spot,” he told her when he left their Mandan home for ………
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10/25/2018
A judge will allow an Ohio village 10 years to refund an estimated $3.2 million collected from drivers for speeding citations from automated camera. New Miami’s automatic camera enforcement was ruled unconstitutional in 2014. Butler County Judge Michael Oster later ………
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10/25/2018
Kyle Schmitt, an expert in insurance and corporate strategy, has been hired as managing director of the Global Insurance Practice at J.D. Power. He is based in Chicago. Schmitt will report directly to Keith Webster, senior vice president and general ………
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10/25/2018
A shuttle bus transporting contract workers from a Southeast Texas liquid natural gas plant overturned and rolled down a roadside embankment, killing one person and injuring 30 others. The crash happened Tuesday afternoon on the outskirts of Freeport, Texas, more ………
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10/25/2018
A group of students from a historically black university have filed a lawsuit alleging a southeast Texas county is suppressing the voting rights of its black residents. In a lawsuit filed in federal court in Houston on Monday, five Prairie ………
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10/25/2018
Records show that before a barge-mounted crane slammed into a Louisiana bridge this month, operators for Marquette Transportation had more than 30 collisions and the company likely wasn’t fined. The Advocate reports Marquette vessels had smashed into, collided with or ………
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10/25/2018
Some cybersecurity apps are riskier than having nothing in place at all, experts said after Apple removed some apps from its -More- ……
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10/25/2018
Panelists at a PCI policy briefing in Washington, D.C., discussed how to mitigate the flood coverage gap that leaves millions -More- ……
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10/25/2018
Waymo has released a revised emergency-response guide that outlines how autonomous vehicles will yield to emergency vehicles -More- ……
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10/25/2018
Super Typhoon Yutu hit the US territories of Tinian and Saipan, in the western Pacific’s Northern Mariana Islands, with top s -More- ……
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10/25/2018
Massachusetts Institute of Technology researchers conducted a survey in which 2.3 million people in 233 countries and territo -More- ……
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10/25/2018
Leonardo da Vinci, artist, inventor and scientist……
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10/25/2018
Willa has weakened to a tropical depression after causing flooding and leading to reports of more than 20 landslides in Jalis -More- ……
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10/25/2018
Businesses are looking into cyberinsurance more than ever and purchase rates have risen by 40 percentage points since 2011. -More- ……
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10/25/2018
Medical payments per claim with more than seven days of lost time in California decreased after the implementation of workers’ comp reform for claims with experience through March 2017, according to a recent study by the Workers Compensation Research Institute. ………
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10/25/2018
A Utah lawmaker drove to Las Vegas and tried marijuana for the first time ahead of an upcoming vote on a proposition that would legalize its use in his state for individuals with qualifying medical conditions. Salt Lake City TV ………
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10/25/2018
Alliant Insurance Services Inc. has named Brendan Quinlan a senior vice president in its San Francisco, Calif., office. Quinlan was previously area senior vice president with Arthur J. Gallagher & Co. Quinlan is also founder and board member with RiskRadius, ………
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10/25/2018
A Chinese restaurant in New Hampshire accused of over-serving alcohol to three men who later died in a 2016 crash is now on trial. Prosecutors argue 21-year-old Malachi Davis, 21-year-old Hunter Vars and 20-year-old Jack Perrault were all given too ………
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10/25/2018
HMS Agency Inc. (HMS), a family-owned and operated insurance agency based in Albany, N.Y., has acquired Adirondack Family Insurance Services of Saratoga Springs, N.Y. The purchase agreement was finalized on July 1, 2018, and represents the fifth acquisition by HMS ………
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10/25/2018
Arthur Hall Insurance, a West Chester, Penn.-based insurance agency, has hired Cynthia Hernandez as a commercial lines account manager. In this role, Hernandez will be responsible for all client management services for the Commercial Lines Delaware Division of Arthur Hall ………
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10/25/2018
Rogers & Gray Insurance, a South Dennis, Mass.-based insurance agency, has named Robert Bizak to the newly created position of chief partnership officer. In this role, Bizak will be responsible for building upon Rogers & Gray’s acquisitive and/or partnership growth. ………
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10/25/2018
Residents on Mexico’s Pacific Coast on Wednesday began clearing up the wreckage left by Hurricane Willa, which ripped through towns overnight, tearing off rooftops, downing power lines and splitting trees apart. Willa, a powerful Category 3 hurricane, hit the northwestern ………
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10/25/2018
The number of U.S. drug overdose deaths has begun to level off after years of relentless increases driven by the opioid epidemic, health secretary Alex Azar said Tuesday, cautioning it’s too soon to declare victory. “We are so far from ………
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10/25/2018
China’s agriculture ministry said on Wednesday it would ban the feeding of kitchen waste to pigs after linking the practice to the majority of the early cases of African swine fever. The statement from the Ministry of Agriculture and Rural ………
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10/25/2018
Super Typhoon Yutu battered the Pacific Ocean’s Northern Mariana Islands with 178 mile (286 kilometers) per hour winds, making it the strongest storm to hit the U.S. territory since 1950. The storm’s eye crossed directly over the island of Tinian, ………
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10/25/2018
Mexico’s insurance industry overall remains well-capitalized and can absorb the financial impact generated from Hurricane Willa, which made landfall Oct. 23, 2018, but was later downgraded to a tropical depression, according to an A.M. Best briefing. Hurricane Willa made landfall ………
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10/25/2018
The European Union might grant temporary permission for clearing houses in Britain to continue serving EU customers if there is a no-deal Brexit next March, an EU document seen by Reuters showed. LCH, a unit of the London Stock Exchange ………
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10/25/2018
Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and revealed its funds were hemorrhaging cash as clients pulled out their money in response to revelations of systemic wrongdoing. Investors ………
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10/25/2018
Low risk, but low readiness. That’s the assessment for Long Beach, Calif., a city that’s close to my heart. For those who love numbers, the city has a risk score of 49.48, and a readiness score of 47.01. Not entirely ………
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10/25/2018
AXA Mexico said the information and resources of its customers are safe and have not been affected by a cyber attack, which it discovered on Oct. 22. In a statement, AXA Mexico said that it had “identified anomalies in its ………
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10/24/2018
Authorities in Florida say Hurricane Michael has killed at least 29 people in the state, bringing the overall death toll to 39. Florida Emergency Management Division spokesman Alberto Moscoso says the state toll stood at 29 on Monday afternoon. Ten ………
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10/24/2018
Mississippi State University officials say no one was hurt by a fire in a dormitory room. The fire happened Sunday night on the third floor of Oak Hall on the Starkville campus. The university said in a news release Monday ………
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10/24/2018
Chubb reported solid profit, increases in net premiums written and a healthy property/casualty combined ratio in its 2018 third quarter. The insurer booked $1.2 billion in net income during Q3 versus a $70 million net loss over the same period ………
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10/24/2018
W.R. Berkley Corp.’s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net income during the 2018 third quarter, on par with the 2017 ………
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10/24/2018
It’s one of the biggest bets going in the world of cars. Since May, General Motors Co. and its Cruise self-driving car unit have landed $5 billion in investment commitments from Japan’s SoftBank Group Corp. and Honda Motor Co. Ltd. ………
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10/24/2018
Pie Insurance seems to be slicing its way through workers’ compensation markets in state after state. The Washington, D.C.-based insurtech is a direct provider of workers’ comp that touts its ability to leverage “data analytics, easy-to-use online features, and a ………
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10/24/2018
Thousands of Puerto Ricans have been forced to drain their savings, close their businesses, or resign themselves to living with structural damage as they fight insurance companies over millions of dollars’ worth of claims that have gone unanswered or unpaid ………
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10/24/2018
Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state’s attorney general to “put up or shut up” after spending three years investigating the company’s public disclosures about climate change, saying authorities should ………
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10/24/2018
The North Carolina Rate Bureau’s 17.2 percent rate decrease filing for workers’ compensation insurance has been approved by North Carolina Insurance Commissioner Mike Causey, according to a statement from the North Carolina Department Insurance. “This rate decrease should serve as…
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10/24/2018
A southwest Mississippi county is suing an electrical utility and its own insurer, seeking more than $500,000 for damage to voting machines caused by a 2016 power outage. The Enterprise-Journal reports Pike County earlier this month sued Entergy Corp. and ………
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10/24/2018
An annual population survey in the Florida Keys shows how many people left the island chain after Hurricane Irma last year. The Bureau of Economic and Business Research at the University of Florida found that every Keys city and the ………
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10/24/2018
Georgia Gov. Nathan Deal has called a special session of the state legislature to grapple with the recovery costs from Hurricane Michael. The Atlanta Journal-Constitution reports that the governor’s office expects the state’s portion of cleanup costs to be approximately ………
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10/24/2018
Nearly 900,000 people in Texas’ capital may have to boil their tap water for two weeks, an official said Tuesday, as authorities struggled to treat a water supply filled with silt, mud and debris after recent heavy rains and flooding. ………
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10/24/2018
Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale ” laid off with few prospects nearby. The Houston Chronicle reports he left his home in Bryan ………
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10/24/2018
The North Dakota Oil and Gas Division says a pipeline leak caused 4,050 barrels of brine to spill at a saltwater disposal well south of Williston. The division said Monday Oasis Petroleum North America recovered the majority of the brine, ………
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10/24/2018
Galveston hasn’t done enough to rebuild public housing that was destroyed by Hurricane Ike a decade ago, public housing advocates say. Fewer than half of the island city’s 569 public housing units have been rebuilt since the 2008 hurricane, The ………
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10/24/2018
Minnesota officials say more than 300 people have died in traffic crashes so far this year. The Minnesota Department of Public Safety said Monday the 302 deaths were 17 more than the 285 reported at this time last year. In ………
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10/24/2018
Southern California Gas Co. has agreed to pay $46 million to settle a lawsuit by a motorcyclist who was struck and badly injured by a company driver who suffered an epileptic seizure. U.S. Air Force Capt. Jason Lo was stopped ………
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10/24/2018
A fire engulfed five floors of a San Francisco high-rise but authorities say nobody was hurt and the blaze was quickly doused. The Fire Department says the blaze hit the 25-story building in the Financial District Monday afternoon. Firefighter helped ………
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10/24/2018
Drivers in the US are on their phones for an average of 17% of their time behind the wheel, according to data from TrueMotion -More- ……
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10/24/2018
Cyberrisk is becoming a higher-profile risk within directors-and-officers insurance as well as commercial general liability, -More- ……
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10/24/2018
Insurance companies reviewed by Demotech appear capable of absorbing losses from Hurricane Michael, the financial analysis fi -More- ……
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10/24/2018
Government agencies should be prepared to manage activities using old-school techniques such as pen and paper and typewriters -More- ……
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10/24/2018
This year’s Atlantic and Pacific hurricane seasons have combined to set a record of 432 units of “accumulated cyclone energy, -More- ……
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10/24/2018
Hurricane Willa made landfall on Mexico’s west-central coast late Tuesday, when it arrived as a Category 3 storm with 120 mph -More- ……
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10/24/2018
Testing of autonomous vehicles is underway on roads in the US, and “self-driving vehicles will become an everyday reality,” w -More- ……
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10/24/2018
Thunderstorms moved through eastern Massachusetts on Tuesday and generated at least one tornado in Rhode Island. -More- ……
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10/24/2018
NJM Insurance Group (NJM), a property and casualty insurer in the Mid-Atlantic region of the U.S., has hired Jeneen M. Callahan to lead the expansion of its Teen Driver Safety Program into Pennsylvania. In her role, Callahan will lead the ………
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10/24/2018
NIF Group Inc., a New York-based wholesale broker, program administrator and managing general agency, has hired Erich A. Schutz as an excess and surplus lines broker in the East Douglas, Mass., branch office. Schutz joins NIF from DeCotis Specialty, where ………
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10/24/2018
A fast-moving blaze ripped through the business district of a New Jersey town, destroying multiple businesses and causing the partial collapse of at least four buildings, according to officials. Daniel DeGroot, director of public safety for Dover, N.J., said the ………
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10/24/2018
Four-in-10 parents of teen drivers don’t talk to their kids about safe driving on a regular basis. That factoid, says survey sponsor Allstate, could be an incentive for teens to flip the script and spearhead the conversation with their parents ………
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10/24/2018
Fidelis Insurance Holdings Ltd. announced it has established a regulated re/insurer in Ireland, called Fidelis Insurance Ireland DAC (FIID), to take advantage of opportunities in the European Economic Area (EEA) after Brexit. On Oct. 22, 2018 the Central Bank of ………
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10/24/2018
Apple Chief Executive Tim Cook said on Wednesday customer data was being “weaponised with military efficiency” by companies to increase profit. Cook, speaking at the International Conference of Data Protection and Privacy Commissioners, said Apple supported a federal privacy law …….
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10/24/2018
A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world’s largest food maker, and Cargill Co of perpetuating child slavery at Ivory Coast cocoa ………
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10/24/2018
Willa’s fierce winds eased as the storm barreled inland over Mexico early on Wednesday, unleashing heavy rains after leaving power outages and toppled trees on the coast but causing no deaths, officials and forecasters said. Willa, a Category 3 storm ………
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10/24/2018
Concirrus, the London-based insurtech company specializing in marine analytics, announced it has formed a multi-year agreement with insurance broker Marsh. The agreement will see the two companies working together to drive the use of behavioral data in the global marine ………
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10/24/2018
Tokio Marine Kiln (TMK) announced a reorganization of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect and making arrangements over the next ………
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10/24/2018
French insurer April SA has drawn takeover interest from private equity firms including CVC Capital Partners, KKR & Co. and BC Partners as it weighs a sale amid a wave of industry consolidation, according to people familiar with the matter. ………
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10/24/2018
Mexico’s central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported “inconsistencies” in the cash payment matching system. Insurer AXA said in a separate statement it suffered a ………
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10/24/2018
Australia’s life insurers will be required to publish customer dispute numbers every six months, top financial regulators said on Wednesday, as a misconduct inquiry threatens other reforms that could hurt industry profitability. For the first time, customers will be able ………
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10/23/2018
The 2018 InsureTech Connect (ITC) conference is history. In its short three-year life, the ITC affair has grown from 1,500 to 6,000 attendees. This year, an estimated 500 CEOs were there. “It’s hard to believe,” says Jay Weintraub, CEO and ………
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10/23/2018
Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the acquisition were not revealed. The ………
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10/23/2018
Major economies should launch coordinated regulation of cryptocurrencies, the head of Goldman Sachs-backed startup Circle said on Monday, underscoring growing industry support for international rules on digital money. “Ultimately there needs to be normalization at the G20 level of critical …
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10/23/2018
The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity and accept that ………
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10/23/2018
Hilb Group LLC (THG) has acquired Michigan-based Burns & Eustice Insurance Agency (B&E). B&E has been offering property/casualty insurance products and services to businesses and individuals throughout northern Michigan since 1931. Led by Managing Director Tony Eustice, B&E’s a…
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10/23/2018
Autonomous vehicle manufacturers need a better yardstick to show that their products are safe, said Derek Kan, under secretary for policy at the U.S. Department of Transportation. The metrics that are most widely used by self-driving car developers — miles ………
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10/23/2018
A bid by Goldman Sachs Group Inc. to settle a lawsuit over how much it pays directors was rejected by a judge who said that simply making changes in corporate governance didn’t provide enough benefit to the firm. The investment ………
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10/23/2018
Arthur J. Gallagher & Co. has acquired Issaquah, Wash.-based Richter International Consulting LLC. Terms of the deal were not disclosed. Founder Dave Richter and his associates will continue to operate from their current location under the direction of Leslie Lemenager, ………
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10/23/2018
Baldwin Risk Partners (BRP), a Tampa, Fla., based insurance distribution holding company, has completed the formation of its partnership with the Medicare Division of Trilogy Financial Group, a financial agency based in Ocala, Fla. The partnership, which finalized on Oct. ………
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10/23/2018
A U.S. District Court has entered judgment against a New Orleans-based towing company for failing to respond to a lawsuit filed by the Equal Employment Opportunity Commission (EEOC) for breaching an EEOC mediation agreement of a pregnancy discrimination charge. According ………
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10/23/2018
Appalachian Underwriters Inc. has named Nick Schnarre as external marketing representative for Illinois, Indiana and Missouri agents. He will be working remotely in the St. Louis, Missouri, area, helping agents in those states listed find the best markets and products ………
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10/23/2018
The National Safety Council on Monday made Houston the sixth stop on a nationwide tour of its exhibit, Prescribed to Death: A Memorial to the Victims of the Opioid Crisis, by unveiling the display inside the George R. Brown Convention ………
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10/23/2018
Schaumburg, Illinois-based Zurich North America has entered into an agreement with program administrator Allied Public Risk LLC to provide a full range of insurance coverage to select cities, towns, boroughs, counties and special service districts with populations under 100,000. Zurich ………
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10/23/2018
A food distributor with warehouses in Cleveland, Ohio, and Detroit, Michigan, will pay $3.6 million to settle a class sex discrimination lawsuit filed by the filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC alleged that Sherwood Food ………
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10/23/2018
A judge in Nebraska has ruled that Gage County’s insurance policies from a risk-sharing pool of companies don’t cover a $28.1 million jury verdict for the wrongful convictions of six people for a 1985 murder. The Lincoln Journal Star reports ………
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10/23/2018
A Grant County, Wash. vegetable-packing house will pay $525,000 to settle a lawsuit alleging a supervisor groped, propositioned and retaliated against female workers. The Seattle Times reports State Attorney General Bob Ferguson says the settlement announced with Quincy-based Horning Brothers ……
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10/23/2018
A survey of Big Island farmers has found that they suffered nearly $28 million in damages because of the months-long eruption earlier this year of the Kilauea volcano, the Hawaii Tribune Herald reported. The survey of 46 farmers by University ………
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10/23/2018
Maya Angelou, writer and civil rights activist……
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10/23/2018
Once called a “modern-day Paul Revere” after speaking before Congress about the cybersecurity risks of vulnerable software, C -More- ……
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10/23/2018
A Willis Towers Watson survey found that insurers want to offer better “customer-centricity” and that about three-fourths see -More- ……
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10/23/2018
AIR Worldwide said it will introduce a probabilistic model for cyberrisk as part of the latest version of its Analytics of Ri -More- ……
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10/23/2018
The PCI Executive Roundtable Seminar offers speakers, panelists, presentations and roundtables that will help you and your co -More- ……
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10/23/2018
The Western US has experienced hotter temperatures, contributing to increased wildfire activity that requires crews to be on -More- ……
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10/23/2018
A Transdev North America pilot project had involved the transportation of children via an autonomous vehicle school bus in Fl -More- ……
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10/23/2018
Hurricane Michael made landfall in Florida about two weeks ago, and insurance claims are emerging at a fast pace after the fa -More- ……
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10/23/2018
Hurricane Willa is expected to make landfall at Category 4 strength, likely making it one of the most powerful storms to hit -More- ……
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10/23/2018
Ford has been mapping the roads of Washington, D.C., as it plans to start testing its autonomous vehicles in the District in -More- ……
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10/23/2018
Workers’ compensation insurance rates will decrease for the second year in a row in Delaware, effective December 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in Delaware and even happier to see a double-digit ………
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10/23/2018
Wells Fargo & Co. will pay a $65 million penalty to New York state related to its cross-selling practices. The bank failed to disclose to investors that the success of its cross-selling – the pitching of additional financial products to ………
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10/23/2018
The superintendent of a new captive insurance company charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations is warning he doesn’t have nearly enough money to address the problem. Michael Maglaras said he hopes to secure funding ………
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10/23/2018
CoreLogic, the Irvine, Calif.-based data and analytics firm, announced it has agreed to acquire the outstanding shares of Symbililty Solutions Inc. not already owned by CoreLogic. CoreLogic currently holds approximately a 28 percent ownership interest in Symbility. Symbility, which is ………
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10/23/2018
Businesses and homeowners in Lancaster, York and surrounding Pennsylvania counties affected by flooding in August will be eligible for low-interest federal loans. Pennsylvania Governor Tom Wolf said Friday those areas have been approved for disaster relief to repair damage caused ………
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10/23/2018
ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. The company’s owners, which include Temasek Holdings Pte ………
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10/23/2018
U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and Europe. U.S. government officials said in ………
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10/23/2018
Hurricane Willa, an extremely dangerous a Category 4 storm, weakened slightly as it veered toward popular tourist resorts on Mexico’s Pacific coast on Monday, prompting government warnings for people to leave high-risk areas and take cover. Mexican authorities urged residents ………
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10/23/2018
The National Highway Traffic Safety Administration on Monday said it had ordered Transdev North America to immediately stop transporting school children in Florida in a driverless shuttle, as the testing could be putting them at “inappropriate” risk. Transdev’s use of ………
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10/23/2018
A trauma research team has developed a profile of commonalities among communities where mass shootings have occurred that includes a shortage of mental health professionals, a relative lack of socialization opportunities, higher rates of income inequality, and relatively high housing ………
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10/22/2018
Californians accounted for 11.9 percent of all jobs covered by workers’ compensation in the U.S. in 2016, 13.9 percent of covered payroll and 19.6 percent of all cash and medical benefits paid for work injuries and illnesses, according to the ………
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10/22/2018
The floor of a condominium clubhouse near Clemson University collapsed during a large private party early Sunday, hurtling dozens of people into the basement, authorities said. About 30 people were taken to local hospitals after the center of the floor ………
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10/22/2018
Robertson Ryan & Associates Inc. has added First Dependable Insurance in Las Vegas, Nev. with the addition of Tom and Vicky Raasch. Tom and Vicky Raasch own First Dependable Insurance. Tom Raasch focuses on commercial insurance programs for business, but ………
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10/22/2018
Automated customer service is a fact of life. In fact, many people are more comfortable sharing personal details with a machine than with a human. But automation must appreciate that not every customer is a 40 year-old college graduate, with ………
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10/22/2018
Bayer AG failed to persuade a California state judge to set aside a jury’s verdict in the first trial over allegations that its Roundup weed killer causes cancer, but the judge said damages should be slashed to $78.6 million from ………
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10/22/2018
A.M. Best Company has upgraded the Financial Strength Rating of San Diego, Calif.-based ICW Group Insurance Cos. to “A” (Excellent) from a “Stable” outlook. A.M. Best said its ratings reflect the company’s balance sheet strength as well as its solid ………
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10/22/2018
Data analytics firm Verisk is touting the launch of WaterLine, an underwriting tool that scores flood risk for all properties in the contiguous United States, helping identify homes and businesses vulnerable to flood. The product scores properties on a 0-to-100 ………
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10/22/2018
Honeywell International Inc. said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities. The industrial conglomerate’s revised estimate for asbestos-related liabilities was $2.61 billion as of end-2017, some $1.09…
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10/22/2018
An Oregon woman is suing Bank of America, claiming a Hillsboro branch transferred $13,000 from her account to scammers. The Oregonian/OregonLive reported Rebekah Adams filed the lawsuit last week, claiming a teller failed to inform her that the money she ………
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10/22/2018
Jurors have awarded $25 million to the parents of a University of Florida student who was run over and killed by a garbage truck near campus. The Gainesville Sun reports that an Alachua County jury awarded $12.5 million each on ………
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10/22/2018
The Georgia Department of Insurance has estimated insured property losses from Hurricane Michael will reach $250 million, according to a statement Georgia Insurance Commissioner Ralph Hudgens. In figures released Oct. 18, GADOI said more than 35,000 property-related claims were expected. ………
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10/22/2018
It’s the greatest need after a hurricane and sometimes the hardest one to fulfill: Electricity. Almost two weeks after Hurricane Michael smashed into the Florida Panhandle on a path of destruction that led all the way to the Georgia border, ………
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10/22/2018
Trees brought down by Hurricane Michael’s ferocious winds took a heavy toll on life, property and the timber industry in the heavily forested Florida Panhandle, where $1.3 billion in timber was lost, authorities said Friday. Florida Agriculture Commissioner Adam Putnam ………
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10/22/2018
People searching for health insurance policies in Louisiana will likely fare better than those in many other states as the Nov. 1 annual open enrollment period approaches for the individual marketplace. The Advocate reports data from the Centers for Medicare ………
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10/22/2018
Land O’Lakes Inc. and Gravie will expand their Farmer Health Insurance Plan in 2019 in Minnesota. When a law was passed in Minnesota last year allowing agricultural co-op members to band together to purchase group health benefits, Land O’Lakes partnered ………
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10/22/2018
Insurance Office of America (IOA) has hired industry veteran Phillip Lane to its team as it adds locations in Brevard County, Fla. Lane joins the team as a risk management consultant. Prior to joining IOA, Lane was a producer at ………
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10/22/2018
Authorities say a Minnesota frozen food and packing company is recalling more than 212,000 pounds of ready-to-eat pork and chicken products that contain vegetables that might be contaminated with salmonella and listeria. The Agriculture Department said in a release issued ………
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10/22/2018
An earthquake shook parts of the Texas and Oklahoma panhandles on Oct. 20. The U.S. Geological Survey says the 4.0 magnitude earthquake was recorded at 8:04 a.m. Saturday about 9 miles (15 kilometers) north-northeast of Amarillo. The temblor was recorded ………
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10/22/2018
Early Monday morning, Austin Water issued a boil water notice for all of its customers due to elevated levels of silt from last week’s flooding. The water system is “the most recent infrastructure to struggle to keep up with” the ………
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10/22/2018
The Iowa Supreme Court has ruled that Iowa Department of Transportation officers do not have authority to issue speeding tickets to or arrest drivers outside of the regulation of commercial vehicles. The finding came Friday in separate 2016 cases in ………
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10/22/2018
Wheelchair users attending Seattle Mariners baseball games at Safeco Field get a “second-class” experience, a nonprofit disability-rights law firm says, and has filed a discrimination lawsuit. The Seattle Times reported that Washington Civil and Disability Advocate filed the lawsuit earl…
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10/22/2018
A Colorado reports shows marijuana sales in the state have exceeded $1 billion as of August of this year, with tax revenue from those sales reaching $200 million. The Denver Post reports the state Department of Revenue report indicates medical ………
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10/22/2018
A Portland, Ore. cremation worker who says she was sexually harassed and fired after reporting she sustained a back injury when a heavy corpse fell on her has filed a lawsuit seeking $900,000. The Oregonian/OregonLive reported that the sex discrimination ………
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10/22/2018
California moved a step closer Friday to allowing marijuana deliveries in communities that have banned retail sales of the drug as regulators rebuffed cities and police chiefs who are opposed to the rule. The proposal is a major issue that ………
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10/22/2018
10/22/2018
A US Geological Survey team is assessing aerial photography of the Florida Panhandle’s coastline before and after Hurricane M -More- ……
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10/22/2018
According to multiple sources, Facebook is in talks to acquire a cybersecurity firm to help protect the data of its users, wh -More- ……
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10/22/2018
Google is considering additional investments in insurance technology companies as long as they would not rival Applied System -More- ……
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10/22/2018
The Pennsylvania General Assembly has approved a bill intended to let employers again use impairment rating evaluations, whic -More- ……
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10/22/2018
The US cyberinsurance market continues to expand, and a group of executives at an industry event examined whether more carrie -More- ……
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10/22/2018
Hurricane Willa in the Pacific Ocean has strengthened to Category 4 with top sustained winds of 155 mph, and forecasters say -More- ……
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10/22/2018
A National Academy of Social Insurance report says workers’ compensation benefits as a share of payroll continued their downw -More- ……
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10/22/2018
A beachfront house built to withstand 250-mph winds was the only building on a block in Mexico Beach, Fla., that was undamage -More- ……
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10/22/2018
USI Insurance Services (USI), a provider of insurance brokerage and risk management services, has acquired Philadelphia, Penn.-based Beneficial Insurance Services, a wholly owned subsidiary of Beneficial Bancorp Inc. Founded in 2005, the insurance brokerage provides commercial property and casualty,…
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10/22/2018
Brown & Brown Inc. has agreed to acquire the assets of the Hays Companies insurance operations. Headquartered in Minneapolis, Hays Companies is comprised of more than 700 risk management and employee benefits professionals in 32 locations across 21 states. The ………
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10/22/2018
An Amtrak engineer charged with manslaughter in a deadly high-speed derailment in Philadelphia won’t go on trial until next year because of delays in getting evidence from federal investigators. A lawyer for Brandon Bostian says neither he nor state prosecutors ………
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10/22/2018
Federal officials are investigating a Vermont roofing and construction company whose employee died in a fall at a job site in New Hampshire. The Brattleboro Reformer reports the Occupational Safety and Health Administration opened an investigation into Jancewicz & Son ………
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10/22/2018
Over the past few decades tornadoes have been shifting ” decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a new study shows. Scientists aren’t quite certain why. Tornado activity ………
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10/22/2018
Like many diligent public servants, Georgia state Representative Ed Setzler enjoys crowing about a nice, tidy highway project. In a Sept. 8 Facebook video, the Republican appeared to be doing just that from behind the wheel of a car. This ………
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10/22/2018
Catastrophe risk modeling firm AIR Worldwide announced it has developed a probabilistic model for cyber risk, which is capable of accounting for security breach and cloud service provider downtime incidents for insurance portfolios worldwide. AIR’s probabilistic cyber model estimates the ̷…
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10/22/2018
The London Market Group (LMG) announced that a contract has been signed with Sequel to deliver a faster and more efficient solution for approving and registering coverholders, and a new integrated tool for generating delegated authority binder contracts. This is ………
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10/22/2018
Miller announced it has entered into a definitive agreement to acquire Alston Gayler and Co. (AG), majority owned by Nelson Holdings Ltd. AG is an independent London market re/insurance broker specializing in multiple lines of business, said Miller, noting that ………
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10/22/2018
Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the tycoon’s presence in one of the ………
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10/22/2018
A fleet of autonomous taxis could roll onto the streets of the U.K. capital within three years, after one of London’s biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle software. Addison Lee Group, which has ………
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10/22/2018
Surgeons at an Ohio hospital have developed a treatment protocol that they say sends people home after operations without any opioids to manage their pain, leading to shorter hospital stays. “Over 75 percent of our elective colorectal patients underwent surgery ………
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10/22/2018
The People’s Insurance Company (Group) of China Ltd., the nation’s largest property insurer, cut the size of a planned first-time domestic share sale and indicated it will proceed when the market improves. The company will offer a maximum of 1.8 ………
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10/21/2018
West Virginia Gov. Jim Justice says there will be no change in state funding for the state employees’ public insurance plan next year in a letter to the agency’s director. The Charleston Gazette-Mail reports Justice said in the letter that ………
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10/21/2018
In court documents filed last week in a lawsuit following the 2015 death of a fan who fell from the upper deck at an Atlanta Braves game, Nolan Ryan says guard rails at the Texas Rangers’ stadium had to be ………
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10/21/2018
Microsoft Corp. has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather. The company is using a risk-management tool called a volume-firming agreement for almost 500 megawatts ………
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10/21/2018
While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in the 30s or ………
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10/21/2018
The engineer who sued Google after he was fired for blasting the company with allegations of anti-conservative bias won’t get his day in court after all. James Damore’s claims against the Alphabet Inc. unit will be heard behind closed doors ………
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10/21/2018
Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or ………
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10/21/2018
Swiss Re AG has held discussions with Chinese authorities about an investment in embattled insurer Anbang Insurance Group Co., people with knowledge of the matter said. Swiss Re is among parties that have been approached as China seeks to find ………
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10/19/2018
Texas Gov. Greg Abbott has issued a State Disaster Declaration for 18 Texas counties impacted by recent severe weather and flooding that has caused widespread property damage, and threatened loss of life. The governor’s declaration comes as rain continues to ………
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10/19/2018
More than a week after Hurricane Michael slammed into the Florida Panhandle, authorities are reporting three more deaths from the Category 4 storm as residents returning to their homes try to piece together their lives from the rubble left by ………
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10/19/2018
Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction for workers’ comp ………
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10/19/2018
Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an interest ………
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10/19/2018
Cook County’s board of commissioners have voted for a nearly $4 million settlement of a malpractice lawsuit filed after an alleged botched heart surgery at Chicago’s Stroger Hospital. Lawyers for Jaime Flores alleged Stroger physicians made a “very unfortunate and ………
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10/19/2018
Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board. This week, Munich Re’s nomination committee recommended to the full supervisory board that ………
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10/19/2018
Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada. He will report ………
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10/19/2018
Utah State Forester Brian Cottam says the state’s wildfire season appears to be over and that it is adding up to be Utah’s most expensive ever. KSL-TV reported that Cottam told the Utah Executive Appropriations Committee that firefighting costs this ………
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10/19/2018
A Big Island panel has advanced a measure that would prohibit short-term vacation rentals in residential and agricultural zones. The Hawaii County Council Planning Committee approved the measure’s fifth draft this week after the ordinance has been in the works ………
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10/19/2018
Everest Re Group Ltd. and Argo Group International Holdings Ltd. announced their preliminary pre-tax catastrophe loss estimates for the third quarter, ended Sept. 30, 2018. Bermuda-based Everest Re’s estimated catastrophe loss was $240 million, net of reinsurance. The estimate includes ……
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10/19/2018
Automated alerts from the fledgling West Coast earthquake early warning system are ready to be used broadly by businesses, utilities, schools and other entities but not for mass public notification, officials said Wednesday. “We’re making a large change from a ………
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10/19/2018
Washington state has agreed to pay a $28 million settlement to woman who was left quadriplegic in wreck on Interstate 5 in DuPont. The News Tribune reported 20-year-old Skylar Seward filed a lawsuit against the state Department of Transportation after ………
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10/19/2018
Chubb has appointed Judy Gonsalves vice president of Chubb Group and division president of Bermuda. In this capacity, she has executive operating responsibility for the Bermuda-based commercial property and casualty (P/C) insurance business that writes high-limit excess liability, property, director…
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10/19/2018
Marcus Buckingham, business consultant and author……
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10/19/2018
A new report by the Insurance Institute for Highway Safety and the Highway Loss Data Institute says collision claims frequenc -More- ……
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10/19/2018
Certain homes with low-cost reinforcements including window shutters, metal connectors and strategically placed nails remaine -More- ……
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10/19/2018
Google is now a minority stakeholder in Applied Systems, whose products are insurance technology and cloud-based software foc -More- ……
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10/19/2018
Yale University is facing a second lawsuit for a decade-old data breach that exposed the information of 100,000 former studen -More- ……
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10/19/2018
More rainfall is forecast to hit Texas’ central and Hill Country regions, with totals potentially reaching 14 inches for the -More- ……
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10/19/2018
The first half of 2018 brought as much as $18 billion in insured losses, according to Swiss Re estimates, while the second ha -More- ……
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10/19/2018
The US property/casualty insurance sector’s average composite rate rose 2.5% in the third quarter, MarketScout said. -More- ……
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10/19/2018
The market for representations and warranties, tax, litigation and bespoke contingent insurance has grown to 20 companies fro -More- ……
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10/19/2018
Everest Insurance said that Christopher McKeon, currently vice president and head of Commercial Casualty, will add leadership responsibility for the Risk Management business unit, which focuses on customized primary casualty large accounts. Risk Management and Commercial Casualty will continue to &#…
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10/19/2018
Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring projec…
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10/19/2018
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We really like the market,” said Jesse ………
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10/19/2018
The U.K. and the European Union are inching towards a plan that could help unblock Brexit negotiations and clear the path to a deal, raising hopes of progress after months of stalemate. While the EU summit in Brussels fell far ………
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10/19/2018
Mad cow disease has been found on a U.K. farm for the first time since 2015, raising concern that some countries may move to limit imports of British beef. The disease, also known as bovine spongiform encephalopathy or BSE, was ………
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10/19/2018
Armslist, an online peer-to-peer firearms dealer, was sued on Thursday by a Boston police officer allegedly shot by a convicted felon with a gun purchased on the platform. The officer, Kurt Stokinger, argued in the complaint that the website acted ………
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10/19/2018
New York state officials are considering blocking parts of the $68 billion merger of drugstore store chain CVS Health Corp. and Aetna Inc., jeopardizing billions of dollars in insurance premiums for Aetna. CVS and Aetna won approval from the U.S. ………
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10/19/2018
Aon plc announced it has formed a new unit called New Ventures Group, which is designed to increase Aon’s investment in innovative new businesses. The global unit will identify, incubate and deliver new sources of value for clients, explained an ………
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10/19/2018
Merchants Insurance Group has named Customer Experience Lead Ginny Winkworth as co-chair of the Customer Experience Work Group of the Agents Council for Technology (ACT), a program of the Independent Insurance Agents and Brokers of America (IIABA). ACT helps independent ………
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10/18/2018
Appalachian Underwriters Inc. has hired Joanna St. Clair as a garage underwriter. She will be working remotely in the Austin, Texas, area, primarily underwriting garage risks for Midwest agents. St. Clair comes to AUI with 15 years of experience in ………
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10/18/2018
Supporters and opponents of a proposal to limit the damages awarded in civil lawsuits in Arkansas report spending nearly $2 million combined last month in the campaign fight over the measure. Arkansans for Jobs and Justice, the primary group campaigning ………
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10/18/2018
A motorist’s use of marijuana and a sedative led to a collision with a church bus that killed 13 people on the bus, the National Transportation Safety Board said in a report released on Oct. 16. According to the report, ………
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10/18/2018
Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as autonomous machines, artificial intelligenceI, smart factories and digitalized sup…
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10/18/2018
The ubiquitous black boxes on airliners — designed to capture the sometimes gruesome words and sounds leading up to crashes — need an upgrade, U.S. accident investigators say. In too many cases, the current two hours of sound on the ………
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10/18/2018
A Louisiana company is recalling 15 tons of packaged ready-to-eat chicken and pork products produced since January 2017 for five restaurants or chains in Louisiana and Texas. A La Carte Foods of Belle Rose made the six products with sausage ………
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10/18/2018
San Francisco, Calif.-based Woodruff Sawyer has named Evan Hessel vice president and casualty practice leader. Hessel will be responsible for expanding the current casualty platform and capabilities. He was previously managing director and West Coast casualty leader for Beecher Carlson. ………
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10/18/2018
Dozens of neighbors of a North Carolina chemical plant had industrial compounds in their bloodstreams, but tests by state and federal health officials outlined Tuesday didn’t find the much-debated and little-studied one they were looking for. None of the 30 ………
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10/18/2018
A federal judge in Nashville has ordered the state to stop suspending the drivers licenses of people who are unable to pay traffic fines and court costs. In an order Tuesday, U.S. District Judge Aleta Trauger also instructed the state ………
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10/18/2018
Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of a century. The agency offers personal and commercial insurance, from ……..
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10/18/2018
Two companies facing multiple lawsuits over a summer tourist boat accident in Missouri that killed 17 people have invoked an 1851 law that allows vessel owners to try to avoid or limit legal damages as they also seek settlement negotiations ………
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10/18/2018
When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some experts are also eyeing a variety of ………
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10/18/2018
American International Group said it expects to report third quarter 2018 catastrophe losses of approximately $1.5 to $1.7 billion. These losses are largely from multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions ………
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10/18/2018
The frequency of tornadoes is increasing in states along the Mississippi River and declining in the central and southern Grea -More- ……
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10/18/2018
Even as cybercriminals grow more sophisticated, small businesses are not concerned enough about the very real risks they face -More- ……
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10/18/2018
The National Highway Traffic Safety Administration should develop standards for devices that police can use in roadside testi -More- ……
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10/18/2018
Florida’s building codes were improved after Hurricane Andrew devastated South Florida in 1992, but the rules are not as stri -More- ……
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10/18/2018
In a move that mirrors Apple’s response to General Data Protection Regulation mandates in Europe, Apple users in the US will -More- ……
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10/18/2018
Officials have confirmed more deaths from Hurricane Michael, bringing the death toll to at least 33, as residents are returni -More- ……
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10/18/2018
First-half net income for the US property/casualty insurance industry was $34 billion, more than double the level for the sam -More- ……
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10/18/2018
Floodwater along the Llano River in central Texas is receding after it approached record levels, affecting homes and leading -More- ……
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10/18/2018
California regulators have fined two utilities more than $13 million for violations of safety rules for incidents that caused injuries. The Public Utilities Commission hit Southern California Edison with an $8 million citation for a downed power line that was ………
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10/18/2018
A federal judge has sided with an Anchorage, Alaska pilot who claimed a Homer-based air carrier fired him for reporting safety problems. Brian Bell had reported that Bald Mountain Air Service falsified safety records and had gaps in drug and ………
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10/18/2018
More than two-thirds (69 percent) of employees are tired at work, increasing the risk of injuries and incidents on the job, according to the National Safety Council. Many of these fatigued employees work in the construction, transportation, manufacturing and utilities ………
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10/18/2018
Employees at one of New Hampshire’s community mental health centers are getting trained to administer overdose reversal drugs. Harvard Pilgrim Health Care on Friday held a training session for employees at Riverbend Community Mental Health in Concord as part of ………
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10/18/2018
An Uber driver in New York City kidnapped a woman who fell asleep in his vehicle, groped her in the back seat and then left her on the side of a highway in Connecticut, federal authorities said Tuesday. Harbir Parmar, ………
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10/18/2018
The company operating Mo’s Seafood restaurants will pay $1 million to settle a lawsuit with 34 former employees who said they were underpaid. In the collective-action lawsuit filed against Mo’s Fisherman Exchange Inc. and owner Mohammed Manocheh in 2015, waiters ………
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10/18/2018
Fresh off its announcement of Google becoming a minority investor, insurance agency technology provider Applied Systems announced it has acquired Dynamis Software Corp., a Milwaukee-based provider of employee benefits software. This acquisition expands Applied System’s employee benefits offeri…
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10/18/2018
Third quarter profit more than doubled at Travelers Corp. due to higher premiums and investment income and lower catastrophe losses, the insurer reported. Net income came in at $709 million, up from $293 million for the third quarter last year. ………
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10/18/2018
Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has retained Evercore to serve as its adviser during the process. Pembroke, ………
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10/18/2018
British Prime Minister Theresa May signaled on Thursday she would consider extending a so-called transition period “for a matter of months” after Britain leaves the European Union, a move her critics say is a betrayal of Brexit. Less than six ………
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10/18/2018
Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the transaction were not disclosed. Based in Southampton, England, Portmore was ………
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10/18/2018
RenaissanceRe Holdings Ltd. announced it currently estimates that the cost of claims from third quarter 2018 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2018 results. The estimated losses for these ………
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10/18/2018
TigerRisk Partners LLC, the Stamford, Conn.-based insurance and reinsurance broker, announced it has appointed Jonathan Hughes as partner. Hughes will report to Alex Bridges, head of TigerRisk’s Retro Team, and will work in TigerRisk’s London office. Hughes joins TigerRisk from ……..
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10/18/2018
Swiss Re AG said it will post relatively “large” losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster claims, mainly from Japan and North ………
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10/17/2018
An Oklahoma school bus that hydroplaned on a wet road and crashed in Central Texas last month, injuring nearly everyone on board, was traveling at an unsafe speed for the conditions, according to a Texas Department of Transportation report. The ………
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10/17/2018
A rate decrease request for commercial property policies filed by Louisiana’s property insurer of last resort has been approved by the state’s insurance commissioner. Commissioner of Insurance Jim Donelon has approved Louisiana Citizens Property Insurance Corporation’s recent reque…
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10/17/2018
Texas Insurance Commissioner Kent Sullivan has declined to approve the request by the state’s property insurer of last resort for wind and hail along the Texas coast to increase maximum limits of liability for certain types of property. The Texas ………
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10/17/2018
Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be determined in the general election that ………
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10/17/2018
EPIC Insurance Brokers and Consultants has named Kevin Harnetiaux senior vice president and chief operating officer of EPIC’s Sacramento, Cailf. Region, including Gold River, Calif., and Reno, Nev. Harnetiaux joins from the State Fund of California, where he was executive ………
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10/17/2018
As the National Highway Traffic Safety Administration and Congress press for removing safety regulations in order to fast-track the introduction of highly automated vehicles, human factors/ergonomics experts are recommending requiring important testing and driver support. The Human Factors and Ergon…
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10/17/2018
San Diego, Calif.-based Cavignac & Associates has named Jessica White a human resources risk advisor. White will provide advice to Cavignac & Associates’ clients to help them reduce the frequency and severity of their employee claims. She primarily interacts with ………
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10/17/2018
U.S. transportation safety officials are sounding the alarm on drug-impaired driving, calling for state and federal regulators to do more to tackle the growing problem as states grapple with prescription drug abuse and adopt a more permissive stance on marijuana. ………
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10/17/2018
The Trump Administration has rescinded the systemically risky – or “too big to fail” – designation for Prudential Financial that placed the financial services giant under extra regulatory scrutiny. The designation of Prudential as a systemically important financial institution (SIFI) …
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10/17/2018
In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake of Hurricane Michael and working ………
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10/17/2018
A judge has ordered a coal company owned by West Virginia Gov. Jim Justice’s family to start making payments on a settlement. The Charleston Gazette-Mail reports Justice Low Seam Mining, Inc. was ordered Oct. 10 to pay roughly $478,000 to ………
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10/17/2018
The Waccamaw River near the South Carolina coast has finally gone back into its banks after 29 days of flooding following Hurricane Florence. The National Weather Service says the river level at Conway dipped below the flood stage of 11 ………
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10/17/2018
Haylie Byler and her husband were just beginning life in their new home when Hurricane Michael’s monstrous winds mowed down a dozen trees on their property, more than an hour’s drive inland from where the storm made landfall. They had ………
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10/17/2018
A federal jury has awarded a Louisiana mechanical contractor hired to help build a fertilizer plant in southeast Iowa $62.4 million after concluding the fertilizer plant’s general contractor defaulted on a contract. Court documents show the jury found Orascom E&C ………
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10/17/2018
Officials say a buckled stretch of track is believed to have caused a fiery freight train derailment in southwestern Indiana that belched black smoke into the sky and forced the evacuation of nearby homes. The Evansville Courier & Press reports ………
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10/17/2018
A barge-mounted crane has slammed into a Louisiana bridge, shuttering a travel artery for what Louisiana officials say will be at least a few months. Operators for Marquette Transportation hit the Sunshine Bridge at Donaldsonville early Friday morning, The Advocate ………
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10/17/2018
South Sioux City, Nebraska, has sued the owner of the grain elevator that exploded earlier this year. The lawsuit against Andersen Farms Inc. and Bryce Andersen was filed last week in Dakota County District Court. It seeks reimbursement of more ………
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10/17/2018
Searching continues in Florida for several hundreds of people reported to have lost contact with friends and family members a -More- ……
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10/17/2018
Credit card numbers and other personal data were accessed this month by hackers who targeted the Defense Department. -More- ……
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10/17/2018
The catastrophic storms of this year and 2017 are likely to force officials to rethink building codes and development restric -More- ……
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10/17/2018
A new report details the Securities and Exchange Commission’s investigation of nine companies with a history of being cyberat -More- ……
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10/17/2018
Insured losses from catastrophes are estimated to reach $13.7 billion worldwide in the third quarter, say analysts at Keefe, -More- ……
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10/17/2018
Use of detailed satellite imagery and radar by Lloyd’s Market Association managing agents has risen 75% since last year’s hur -More- ……
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10/17/2018
A proposed ordinance in San Diego would mandate that Segway tour companies carry commercial liability insurance of at least $ -More- ……
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10/17/2018
The Llano River in central Texas approached a record level on Tuesday after two days of heavy rainfall. -More- ……
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10/17/2018
Firefighters who worked in and around the site of a massive natural gas leak have sued the Southern California Gas Co., saying the utility knowingly let them be exposed to dangerous levels of toxic chemicals. A blowout in a well ………
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10/17/2018
Don Penniall beat “dilly-dilly” to the punch a long time ago. Penniall was a creative, well-liked insurance professional who had the fortitude to launch his own firm later in life, those who remember him say. Penniall died on Sept. 23, ………
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10/17/2018
California said a state judge who earlier this year ruled that coffee requires a cancer warning is too biased to oversee a new lawsuit that challenges the state’s proposal to exempt the beverage from the requirement. The California Office of ………
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10/17/2018
Everest Insurance has hired Bill Pollert to its Marketing and Distribution team as a director in the East region. Pollert joins Everest Insurance from Marsh USA, where he worked for the last fourteen years and most recently served as senior ………
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10/17/2018
Prosper Insurance Company has announced it will expand from its 6,000-square-foot headquarters in Virginia Beach, Va. The corporate investment is expected to be $750,000 with the buildout, furniture, fixtures and equipment. Prosper Insurance also said it anticipates growing from its ………
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10/17/2018
Stricter criminal penalties for hazing will soon become Pennsylvania law under legislation inspired by the death of a Penn State student that cleared its final hurdle Monday. The Senate voted unanimously for a bill named for a fraternity pledge who ………
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10/17/2018
A northern Illinois county has agreed to a $3 million settlement with the family of a pregnant woman who was killed in a crash at a rural intersection where a stop sign was missing. The May 2013 crash near the ………
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10/17/2018
Fast-moving floodwaters destroyed a bridge, forced the evacuation of riverside homes and led to numerous water rescues in Central Texas on Tuesday after more than a foot of rain fell in recent days. The bridge crumbled as it was overrun ………
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10/17/2018
The U.S. Supreme Court rejected appeals from Sherwin-Williams Co. and Conagra Brands Inc., leaving intact a ruling that requires them to pay more than $400 million for lead-paint remediation in California. The rebuff, issued without comment Monday, is a blow ………
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10/17/2018
Greenlight Re Innovations, part of Cayman Islands-headquartered Greenlight Capital Re Ltd., announced it has invested in the digital insurance platform, Click2Sure. South Africa-based Click2Sure has developed a comprehensive digital platform for distributing, managing and purchasing insurance at the…
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10/17/2018
Hackers have infected three energy and transport companies in Ukraine and Poland with sophisticated new malware and may be planning destructive cyber attacks, a software security firm said on Wednesday. A report by researchers at Slovakia-based ESET did not attribute ………
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10/17/2018
The Workers’ Compensation Insurance Rating Bureau of California has released a study that shows the impact of medical provider fraud on the system, and it finds that efforts by the state as well as local district attorneys and insurer special ………
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10/17/2018
Volkswagen AG’s Audi unit agreed to pay an 800 million-euro ($926 million) fine for its role in the diesel-cheating scandal that has disrupted the car industry for more than three years and landed Audi’s longtime leader in jail. The penalty ………
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10/17/2018
StarStone, the London-based specialty insurer, announced the appointment of John Hendrickson as group chief executive officer of StarStone Group, with immediate effect. He succeeds Demian Smith, who resigned in September 2018 after eight years of service. Hendrickson joins with over ………
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10/17/2018
The insurance industry is taking exception to a new report commemorating the 30th anniversary of one of California’s primary auto insurance laws that claims the law has saved drivers billions of dollars. The Consumer Federation of America reported on Wednesday ………
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10/17/2018
The United Nations says strong winds and heavy rain from cyclone Luban have injured 33 people and affected 2,000 families in war-ravaged Yemen. The U.N. released statements on social media on Tuesday, along with photos of flooded streets. It says ………
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10/17/2018
Britain’s financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corp. said on Wednesday. The body that governs the capital’s historic “Square Mile” financial ………
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10/16/2018
Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge of the matter. Temasek has been ………
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10/16/2018
The U.K.’s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it’s been running, equivalent to 10 assaults a week. In the organization’s second annual report, published ………
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10/16/2018
Workers’ compensation premium rates fell considerably nationwide, while California continued to see among the worst rates in the nation, according to a new study out from the Oregon Department of Consumer and Business Services. The department puts out its Oregon ………
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10/16/2018
A 33-year-old pilot, formerly of Kemah, Texas, was sentenced in early October to more than five years in prison and ordered to repay nearly $1 million in an insurance fraud-related case. Theodore Robert Wright III previously pleaded guilty on Dec. ………
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10/16/2018
Kansas City, Missouri-based insurance services firm, Lockton Companies, has named Julie Gibson senior vice president, director of marketing, communications and external affairs. She is based in Kansas City. Gibson will focus on growing the Lockton brand globally and creating communications ……..
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10/16/2018
Facebook Inc. knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in ………
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10/16/2018
Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made through CapitalG, the growth equity investment fund of Google’s ……..
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10/16/2018
Hurricane Michael’s devastation could spur policymakers to better prepare vulnerable communities for the effects of climate change. The images of entire towns in Florida’s panhandle all but erased by storm surges, as well as accounts of bodies pulled from shattered ………
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10/16/2018
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess ………
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10/16/2018
AXA XL’s North America marine insurance business has expanded its coverage options for the marine insurance market with a new policy specifically designed and delivered to address workboat risks. AXA XL’s Workboat policy offers owners workboats standalone hull and liability ………
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10/16/2018
Hurricane Michael failed to break up a patchy and toxic algae bloom that has lingered in the Gulf of Mexico off Florida’s shoreline for the last year, experts said Monday, meaning the red tide outbreak could continue to cause problems ………
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10/16/2018
The sharp partisanship that’s typified North Carolina’s government was buried temporarily on Monday as legislators approved spending $400 million to quickly help people and communities reeling from flooding left by Hurricane Florence and setting aside another $450 million for upcoming &#…
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10/16/2018
Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests would provide the region with a natural barrier against the savage winds ………
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10/16/2018
President Donald Trump has approved federal disaster aid relief for four Alabama counties affected by Hurricane Michael. The emergency disaster declaration covers Dale, Geneva, Henry and Houston counties, which are near the Florida panhandle where the hurricane made landfall Oct. ………
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10/16/2018
Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Chicago-based global insurance brokerage Hub International Limited (Hub), has acquired the Oklahoma-based retirement plan consulting and financial services business of Felix Jones, Jones Retirement. Terms of the trans…
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10/16/2018
Chicago-based Rosebud Restaurants Inc. will pay $160,000 to settle a sexual harassment and retaliation lawsuit, according to the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC’s lawsuit charged Rosebud, which owns approximately nine Italian restaurants in the Chicagoland area, w…
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10/16/2018
Authorities believe a natural gas explosion at a Virginia home caused a fire that has injured nine people. Chesapeake Fire Lt. Anthony P. Barakat tells news outlets that the two homeowners were hospitalized in critical condition following the “significant explosion” ………
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10/16/2018
Regulators fined the San Francisco Bay Area’s transit agency $650,000 on Thursday for safety failures that led a commuter train to strike and kill two workers inspecting track five years ago during a union strike. The California Public Utilities Commission ………
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10/16/2018
10/16/2018
At least 19 people have died as a result of Hurricane Matthew and volunteer organization CrowdSource Rescue estimates 1,300 p -More- ……
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10/16/2018
In Connecticut alone, as many as a million cyberthreats are detected on some busy days, making cybersecurity a priority for n -More- ……
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10/16/2018
Competition from insurtech startups is likely to rise as digital platforms create more links among consumers, companies and i -More- ……
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10/16/2018
The Nebraska Supreme Court has upheld a decision favoring the employer in a case involving a man seeking whole-body impairmen -More- ……
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10/16/2018
Cyberinsurance claims related to ransomware and monetary theft are on the rise, surpassing privacy as the top cyberrisks in t -More- ……
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10/16/2018
Wildfire risk emerging from powerful wind in California led Pacific Gas & Electric and San Diego Gas & Electric to cut power -More- ……
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10/16/2018
Insured losses of $6 billion to $10 billion could result from Hurricane Michael, according to an AIR Worldwide estimate that -More- ……
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10/16/2018
CyberPolicy research shows that cyberinsurance among small and medium businesses has grown 69% on average each quarter over t -More- ……
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10/16/2018
For 35 years, Ruth D’Eredita tried to dismiss her former professor’s behavior ” the way he touched her, groped her and kissed her. But last year, as dozens of women came forward to share similar encounters with powerful men, she ………
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10/16/2018
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, according ………
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10/16/2018
The Hilb Group LLC has acquired Massachusetts-based DBR Group Inc. The transaction became effective October 1, 2018. Founded in 2004, DBR is an employee benefit and actuarial consulting firm providing a range of benefits consulting and brokerage services to organizations ………
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10/16/2018
SASCO Insurance Services of Hackettstown, N.J., has recently merged with Otterstedt Insurance Agency Inc., headquartered in Englewood Cliffs, N.J. SASCO Insurance has been providing customized insurance coverage plans for commercial and personal lines clients since 1984. Otterstedt has served a R…
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10/16/2018
The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits and insurance and risk management information through a digital storefront: Amazon.com/Travelers. Travelers customers will be able to obtain smart home kits at discounted prices in participating ………
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10/16/2018
The day after a mourning community said last goodbyes to eight of 20 victims of a limousine crash – four sisters and four other relatives – the Senate’s top Democrat called on federal regulators to formulate new safety standards for ………
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10/16/2018
The S&P 500 has plummeted more than 5 percent since early October. The culprit: slowing earnings growth stemming from rising interest rates and oil prices, according to Goldman Sachs Group Inc. That straightforward theory might work as a catch-all, but ………
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10/16/2018
Flash floods tore through towns in southwest France, turning streams into raging torrents that authorities said killed at least seven people and seriously injured five others. Some people had to be helicoptered to safety from the roofs of their homes ………
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10/16/2018
Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. In ………
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10/16/2018
Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some ………
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10/16/2018
Hawaii Insurance Commissioner Gordon Ito has appointed Andrew Kurata deputy commissioner and captive insurance administrator for the department of commerce and consumer affairs insurance division. Kurata previously held the position in an acting capacity. The captive insurance administrator oversees…
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10/16/2018
Global broking network Brokerslink announced it has appointed José Manuel Fonseca as its new chairman, replacing Grégory Allard, who steps down after a two-year tenure. As one of the original founders of Brokerslink, Fonseca also is the CEO of Porto, ………
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10/16/2018
The U.S. Supreme Court rejected appeals from Sherwin-Williams Co. and Conagra Brands Inc., leaving intact a ruling that requires them to pay more than $400 million for lead-paint remediation in California. The rebuff, issued without comment Monday, is a blow ………
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10/16/2018
The European Union summit in Brussels this week was meant to be historic: a Brexit divorce deal would be reached and sent to parliaments to be approved. That is now not going to happen, once again raising the risk that ………
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10/15/2018
A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. President Donald Trump cannot be named as a defendant, a federal judge ruled on Monday. The ………
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10/15/2018
National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The move is in response to the Los Angeles-based firm’s…
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10/15/2018
The U.S. government, in an effort to increase pressure on drugmakers to lower costs for U.S. consumers, said on Monday it will propose requiring companies to include the price of their prescription medicines in television ads. Health and Human Services ………
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10/15/2018
Millions of people are expected to drop, cover and hold on at 10:18 a.m. PST on Thursday, which should be a good opportunity for insurance agents to try and sell some policies, according to the head of the California Earthquake ………
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10/15/2018
Stormy Daniels’s libel lawsuit over a tweet by Donald Trump accusing her of “a total con job” was thrown out by a judge who said the president was engaging in free speech. The adult film star, whose real name is ………
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10/15/2018
Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be determined in the general election that ………
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10/15/2018
International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has expanded its product offering with information risk coverage to address a broad range of cyber incidents including data breach, threat of intrusion or interference with computer systems, damage to ………
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10/15/2018
Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts in areas impacted by Hurricane Michael. The order by Florida Insurance ………
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10/15/2018
Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty insurance coverage for commercial, personal and financial industries. With the ……
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10/15/2018
For the second time this year, a large fire has torn through American Furniture Company in northern Pontotoc County. Pontotoc County Fire Coordinator Adam Patton tells the Northeast Mississippi Daily Journal that the fire was reported around 6 a.m. Saturday. ………
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10/15/2018
Power outages caused by Hurricane Michael are likely to linger into early this week for some of the hardest hit communities in southwest Georgia. More than 188,000 homes and businesses still didn’t have power Friday. Crews and property owners worked ………
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10/15/2018
The Springfield, Missouri, school district has reached a settlement with a longtime secretary who claimed in a lawsuit that the district tried to fire her because of her age. The Springfield News-Leader reports the district agreed to pay Lynn Neff ………
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10/15/2018
California Insurance Commissioner Dave Jones has approved a filing from the Workers’ Compensation Insurance Rating Bureau’s that makes amendments to uniform statistical reporting and experience rating. The WCIRB submitted a regulatory filing and ensuing amendments to the filing in Aug. &…
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10/15/2018
Desirée Binion has joined managing general agent and wholesale insurance broker, RPS, in the company’s Dallas office as an underwriter/broker. Binion will report to Rhonda Fomby, RPS area vice president and branch manager. Binion was previously with Markel Mid South ………
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10/15/2018
A report by a federal agency says some of the tactics used by the San Antonio fire department to battle a shopping center blaze last year that killed one firefighter made conditions worse inside the structure. The San Antonio Express-News ………
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10/15/2018
An estimated 130,000 Houstonians affected by Harvey were overlooked in the city’s original housing needs assessment, according to the Houston Housing and Community Development Department. To fix the previously neglected damage, the city needs an extra $2 billion in federal ………
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10/15/2018
Apex Benefits, headquartered in Indianapolis, has named Stan Jackson as chief innovation officer. In this newly created role, Jackson will be responsible for leading the development of products, services and capabilities necessary for Apex to continue growing its long-term innovation ………
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10/15/2018
American Financial Group Inc., based in Cincinnati, Ohio, is acquiring ABA Insurance Services Inc. (ABAIS) from American Bankers Mutual Insurance Ltd. (ABMI). Based in Shaker Heights, Ohio, ABAIS provides directors and officers (D&O) and other complementary insurance solutions for banks, ……
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10/15/2018
The Federal Trade Commission (FTC) and Justice Department have concluded their competitive review of the proposed acquisition of London-based re/insurance broker Jardine Lloyd Thompson Group (JLT) by New York-headquartered Marsh & McLennan Companies (MMC) and granted permission for the transacti…
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10/15/2018
Two more Washington State Patrol troopers plan to sue the state over carbon monoxide poisoning, bringing the total number of troopers intending to sue to seven. KOIN-TV reported Trooper Chad Prentice of Vancouver and Trooper Beth Joswick of Tacoma are ………
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10/15/2018
Potentially powerful winds combined with dry weather are raising the threat of wildfires in California. State firefighters say they are preparing for “potential extreme fire weather’ early in the week. The National Weather Service has issued warnings for increased fire ………
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10/15/2018
Rapid population growth and the desire to live near forests means new housing in western Montana is being built in wildfire-prone areas, increasing taxpayer-funded fire suppression liabilities and putting lives and property in danger, according to a new study. Half ………
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10/15/2018
Napoleon Bonaparte, military leader and emperor……
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10/15/2018
At least 18 deaths have resulted from Hurricane Michael, which hit the Florida Panhandle last week and caused widespread prop -More- ……
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10/15/2018
The US Chamber of Commerce and FICO have developed a system to provide scores on the extent to which businesses and sectors h -More- ……
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10/15/2018
Workers’ compensation costs in New York, at 181% of the median amount nationwide, are the highest in the US, according to a s -More- ……
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10/15/2018
The deadline to approve or deny a rate increase sought by the Texas Windstorm Insurance Association has been postponed from O -More- ……
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10/15/2018
The Santa Ana winds have emerged for the first time in 2018, heightening Southern California’s wildfire risk as wind gusts co -More- ……
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10/15/2018
Uber is not planning to make a foray into the insurance industry but does intend to be an “intelligent purchaser” of coverage -More- ……
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10/15/2018
Brock Long, administrator of the Federal Emergency Management Agency, said residents in areas affected by Hurricane Michael d -More- ……
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10/15/2018
Valerie Butt has been named Head of Casualty for Zurich North America Commercial Insurance. Butt will lead the casualty business with responsibility for new and renewal business. Butt takes on the role that was vacated when Brandon Fick was named ………
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10/15/2018
Energy Transfer Partners LP said on Monday that a West Texas pipeline would resume operations on Saturday as planned after the pipeline spilled water with nontoxic green dye and residual crude oil near Abilene, Texas. The spill went into Button ………
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10/15/2018
The National Highway Traffic Safety Administration said it is moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes. The agency said it was acting in ………
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10/15/2018
Statistics show the number of opioid-related overdoses in Maryland increased 14.8 percent over the first six months of 2018 compared with the same period last year. According to data released Friday by the Maryland Department of Health, opioid overdoses killed ………
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10/15/2018
State officials say an Albany-area contractor has pleaded guilty to scamming hundreds of thousands of dollars out of minority-owned businesses and failing to pay dozens of his employees. Attorney General Barbara Underwood said Friday that 47-year-old Michael Martin, of Latham, ………
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10/15/2018
Utility crews will be working throughout the weekend to restore power to Virginia customers affected by Tropical Storm Michael. Dominion Energy said in an outage update Saturday morning that more than 6,000 personnel were working to get power back up ………
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10/15/2018
California’s largest public utility cut off electric power to about 60,000 customers in an unprecedented move to prevent wildfires such as those that erupted in the state’s wine country last fall, as high winds threatened to topple trees and power ………
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10/15/2018
Court documents show that two Minneapolis landlords accused of improper licensing and other violations have agreed to pay out $18.5 million to settle a class-action lawsuit filed by their tenants. The Star Tribune reports that the settlement was filed Friday ………
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10/15/2018
JLT FAC, a division of reinsurance broker JLT Re North America, has appointed Joe Ameruoso as head of North America Construction Casualty, Facultative. Ameruoso joins from Starr Insurance Cos. where he was for more than six years, most recently as ………
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10/15/2018
Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the ………
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10/15/2018
Dozens of people remained missing on Sunday in Florida Panhandle communities reduced to ruins by Hurricane Michael as rescuers said they expected the death toll to rise and survivors grappled with power outages and shortages of food and water. Already ………
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10/15/2018
Ohio’s Central Insurance Companies announced the election of Evan Purmort to chief marketing officer and Cindy Hurless to chief operating officer. As CMO, Purmort is responsible for the company’s regional operations, communications, distribution and industry relationships. He previously…
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10/15/2018
A New Jersey man who died from a rare “brain-eating amoeba” was likely exposed to it during his visit to a Texas water resort last month, health officials said. The Waco-McLennan County Public Health District said testing done by the ………
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10/15/2018
A weakened Hurricane Leslie slammed into the coast of Portugal, leaving 27 people injured as it uprooted trees, brought down power lines and smashed store windows with gusting winds and heavy rain. Over 60 people were forced to leave their ………
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10/15/2018
Canada’s biggest life insurer is under pressure from shareholders to explain why it failed to disclose details of an ongoing court case which came to light after a short-seller released a report detailing the litigation. The stock has dropped 11.5 ………
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10/15/2018
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the appointment of Ann Haugh as president of its Global Markets division. In this role, Haugh will oversee AXIS Re Strategic Partners, global Specialty Re and AXIS Re’s ………
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10/15/2018
Britain’s banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. “Financial risks from climate change will be minimized ………
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10/15/2018
Lloyd’s, the specialist insurance and reinsurance market, today welcomes John Neal as its new chief executive officer. Neal brings more than 30 years’ experience in the insurance industry, most recently as group CEO of QBE Insurance Group. He succeeds Inga ………
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10/15/2018
The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on the platform today, completing its roll out of products. PPL said its focus will now be on continuous improvement of the ………
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10/15/2018
San Francisco, Calif.-based Woodruff Sawyer has named Luke Parsons has a vice president in the private equity and transactional risk group. Parsons has experience working alongside private equity firms, family offices, alternative asset managers and their portfolio companies. He was ………
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10/15/2018
A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Aspire General Insurance Co. in Rancho Cucamonga, Calif. Aspire General is a ………
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10/15/2018
The U.K. and the European Union are on course to miss this week’s key milestone on the road to a Brexit deal after talks broke up in stalemate on Sunday, people familiar with the matter said. A weekend of intense ………
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10/15/2018
The Philippines’ finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American earthquakes. The so-called cat bonds would help ………
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10/14/2018
The kind of dramatic scenes that played out in suburban Massachusetts last month following a series of explosions and fires may serve as a warning of what lies ahead for the U.S., where an increasing reliance on natural gas is ………
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10/14/2018
While it is weighing providing benefits and insurance to its independent contractor drivers, ridesharing giant Uber is not interested in getting into the insurance business itself. Rather, the global transportation firm is content to focus on being an “intelligent purchaser” ………
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10/14/2018
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as Hurricane Michael. “It’s frustrating to us because we repeat this same cycle over ………
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10/14/2018
Insurtech; Markets: Habitational / Dwellings, Commercial Property……
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10/14/2018
Insurtech; Markets: Habitational / Dwellings, Commercial Property……
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10/14/2018
Insurtech; Markets: Habitational / Dwellings, Commercial Property……
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10/14/2018
Insurtech; Markets: Habitational / Dwellings, Commercial Property……
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10/14/2018
Insurtech; Markets: Habitational / Dwellings, Commercial Property……
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10/14/2018
Insurtech; Markets: Habitational / Dwellings, Commercial Property……
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10/14/2018
Losses to the insurance industry from Hurricane Michael, a Category 4 storm that hit the Florida Panhandle before continuing a path of destruction through several other Southeast states, will be substantial but nothing that will cause problems for insurers or ………
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10/14/2018
Catastrophe modeling firm Karen Clark & Co. (KCC) estimates insured losses from Hurricane Michael will be close to $8 billion, according to the KCC high resolution U.S. Hurricane Reference Model. This estimate includes the privately insured wind and storm surge ………
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10/14/2018
Turbeville Insurance Agency (TIA) of South Carolina has hired Graham Gardner as vice president of Large Construction Insurance in the company’s Columbia location. Gardner has more than 20 years of experience in the insurance industry, most recently as vice president ………
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10/12/2018
In the storm-weary Carolinas, Hurricane Michael’s approach stoked fresh fears among homeowners who still have tarps on their roofs or industrial dehumidifiers drying their floors from destruction left by Hurricane Florence. Thousands of homes in North and South Carolina were ………
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10/12/2018
Insurers, reinsurers and ILS investors could face significant losses from Hurricane Michael, a major Category 4 storm that began its assault on the Florida Panhandle Wednesday, according to a briefing from A.M. Best. Best said although Florida’s insurance market-share leaders ………
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10/12/2018
The Nevada Board of Examiners has recommended approval of an additional $3.8 million to cover the cost of fighting wildfires this past summer. The Nevada Appeal reports state forester Kacey KC told the board Tuesday more than 500 wildland blazes ………
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10/12/2018
New data shows the cost of fighting wildfires in Oregon reached an all-time high $514.6 million in 2018. According to data from Northwest Interagency Coordination Center, Oregon’s costs skyrocketed past last year’s record-setting total of $447 million. The Statesman Journal ………
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10/12/2018
An attorney says victims molested by a Southern California police officer while participating in the department’s Police Explorer program have reached a $4 million settlement in a civil lawsuit. Anthony DeMarco says Wednesday that his law office agreed to a ………
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10/12/2018
Washington’s Public Lands Commissioner wants lawmakers to increase the amount of money that the state spends to fight wildfires and prevent future blazes. Hilary Franz, who oversees the Department of Natural Resources, is asking the Legislature for $55 million for ………
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10/12/2018
The Hanover Insurance Group Inc. has appointed Kevin Leach as the head of its financial institutions portfolio. In this role, Leach is responsible for leading The Hanover’s specialized insurance products and services for financial institutions. Most recently, Leach served as ………
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10/12/2018
Walmart Inc. has agreed to pay $65 million to nearly 100,000 current and former cashiers in California who accused the retailer of violating state law by refusing to provide them with seating while they worked. Walmart denied any wrongdoing in ………
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10/12/2018
The Hanover Insurance Group Inc. has appointed Kevin Leach as the head of its financial institutions portfolio. In this role, Leach is responsible for leading The Hanover’s specialized insurance products and services for financial institutions. Under Leach’s direction, The Hanover ……
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10/12/2018
EPIC Insurance Brokers & Consultants, a national retail insurance brokerage and employee benefits consulting firm, has acquired the assets, employees and operations of Total Management Corporation (TMC). Based in Melville, N.Y., with a second office in Manhattan, TMC has created ………
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10/12/2018
Police charged a limousine service operator Wednesday with criminally negligent homicide in a crash that killed 20 people, while the man’s lawyer said that he wasn’t guilty and that police were rushing to judgment. Prestige Limousine operator Nauman Hussain was ………
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10/12/2018
Keystone Insurers Group (Keystone) has named Burns Insurance Agency of Marshfield to its growing list of partners in Wisconsin. Burns Insurance Agency was established in May 2000 by Cindy Burns. Dan Burns joined the agency in 2005. Today, the agency ………
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10/12/2018
Two Minnesota chiropractors have been sentenced to prison for their roles in separate multi-million-dollar insurance fraud conspiracies, the Minnesota Commerce Department announced. Adam John Burke, age 34, of Minneapolis, was sentenced to 90 months in prison. Preston Ellard Forthun, age ………
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10/12/2018
The Texas Department of Insurance has fined Humana $700,000 for putting consumers at risk of paying higher bills because of an inadequate number of anesthesiologists in Harris, Bexar, and Travis counties. The problem meant consumers couldn’t get in-network anesthesia services ………
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10/12/2018
Arkansas Insurance Commissioner Allen Kerr has approved four new out-of-state companies to sell insurance products in Arkansas. The Arkansas Insurance Department (AID) has granted Certificates of Authority to Minnesota’s SFM Mutual Insurance Co., Wisconsin’s Glencar Insurance Co., Iowa&#…
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10/12/2018
A St. Louis chiropractor has been sentenced to 30 months in prison and fined $350,000 for a scheme that involved bribing police officers to get information used to solicit clients. Mitchell Davis was sentenced in U.S. District Court. He pleaded ………
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10/12/2018
Texas Gov. Greg Abbott has effectively extended until June 16, 2019, the deadline for approval or disapproval of a recent rate increase filed by the Texas Windstorm Insurance Association. The governor did so by suspending a section of the Insurance ………
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10/12/2018
10/12/2018
September’s catastrophe losses were the costliest of 2018, highlighting the fact that natural disaster risk is on the rise wh -More- ……
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10/12/2018
The insurance industry should be able to offset Hurricane Michael and other catastrophe losses from 2018 with earnings, analy -More- ……
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10/12/2018
Small and medium-sized insurance companies in Florida, backed by reinsurers, will have to cover most of the losses related to -More- ……
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10/12/2018
The National Highway Traffic Safety Administration has given approval for self-dimming headlights, which have been in use in -More- ……
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10/12/2018
The Lake Superior-related storm that hit Duluth, Minn., causing flooding, has shut down various parts of the Canal Park distr -More- ……
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10/12/2018
The strong growth in insurance mergers and acquisitions in 2018 will likely carry over to 2019, according to a report from S& -More- ……
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10/12/2018
Insured losses from Hurricane Michael are around $8 billion, says Karen Clark & Co. -More- ……
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10/12/2018
Uninsured flood losses are a major public policy crisis that to be a national priority, after roughly 85% of communities affe -More- ……
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10/12/2018
The Department of Homeland Security reports that more sophisticated cyberthreats have made cybersecurity more important than -More- ……
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10/12/2018
In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and Munich Re subsidiary. The proposed all-cash transaction is for £102 ………
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10/12/2018
A series of explosions that rocked several towns north of Boston, Mass., last month has been linked to work orders given to a crew replacing aging natural gas pipes, according to federal safety investigators. Crews contracted by NiSource Inc.’s Columbia ………
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10/12/2018
Based on the edge of Berlin’s trendy Mitte district in bright, open offices, Simplesurance is yet another insurtech startup seeking to transform insurance. It is also eyeing the U.S. for future expansion. Simplesurance began in 2012, employs more than 150 ………
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10/12/2018
The property/casualty re/insurance industry should be able to absorb the losses from Hurricane Michael, on top of losses from Hurricane Florence, as capital remains very strong, according to Fitch Ratings. Hurricane Michael will push 2018 closer to a more normal ………
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10/12/2018
Nearly a decade ago, Imran Siddiqui helped engineer a shrewd maneuver for buyout mogul Leon Black’s Apollo Global Management LLC, one that’s yielded many millions for the firm. Then Siddiqui and Apollo parted ways — and the sparks are still ………
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10/12/2018
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Barbados will receive a payout of US$5,813,299 for excess rainfall that occurred during the passage of Tropical Storm Kirk. Barbados has been a member of CCRIF since its inception ………
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10/12/2018
Using heavy equipment to push aside debris and with helicopters circling overhead, rescuers in the Florida Panhandle searched for trapped residents as officials warned on Friday the death toll from HurricaneMichael was likely to rise. At least 12 people were ………
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10/12/2018
Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores. The police in Hertfordshire, England, said they had arrested a 44-year-old ………
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10/12/2018
Pressure is building on major Indian employers to take allegations of sexual harassment more seriously after a surge in the number of complaints against prominent public figures in the past week. At least one major Indian newspaper, some politicians and ………
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10/12/2018
Canadian Broker Network(CBN), the Toronto-based network of independent insurance brokers, has appointed Andrew Kemp, co-president, CapriCMW Insurance Services Ltd., as the next CBN chairman. He succeeds Mike Robinson, president, PBL Insurance Ltd., who is completing a two-year term as CBN ………
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10/12/2018
Images compiled by Insurance Journal show the devastation to the Florida Panhandle caused by Hurricane Michael, which hit the region Oct. 10 as a Category 4 storm. Loss estimates range from $3 to $9 billion, according to catastrophe modelers, and ………
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10/12/2018
Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security ………
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10/12/2018
A severe cyclone damaged homes and blew down trees and power poles Thursday in eastern India, where two people were killed and nearly 300,000 moved to higher ground. The cyclone named Titli, or Butterfly, had winds blowing up to 150 ………
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10/12/2018
A new law requires the Federal Emergency Management Agency to investigate how it came to award Hurricane Maria relief contracts to a company with an unproven record. The Associated Press reported last year that the newly-formed contractor, Florida-based Bronze Star, ………
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10/12/2018
Insurance broker and advisor Willis Towers Watson has named Kelly Kinzer as head of Construction Broking in its Corporate Risk and Broking segment. Kinzer, a 15-year industry veteran, joined Willis Towers Watson in 2015 and most recently served as construction ………
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10/12/2018
As the market for smart speakers like Amazon’s Alexa continues to expand, there is a potential for these devices to help enhance the health of users. But, while the app stores of these devices are full of apps in the ………
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10/12/2018
There were 463 announced insurance agency mergers and acquisitions during the first three quarters of the year, the second-highest nine-month total. According to OPTIS Partners’ M&A database, the total trails only 2017 when 466 transactions were reported. There were 174 ………
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10/12/2018
A New Jersey jury on Thursday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her cancer. After less than a day ………
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10/11/2018
Dallas-based Texas All Risk General Agency Inc. and Select General Agency LLC have promoted Binh Nguyen to personal lines manager. Nguyen will oversee underwriting and customer service for Texas All Risk homeowner’s programs and Select General Agency’s private passenger auto ………
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10/11/2018
Authorities say an arsonist caused an explosion and fire at a dry cleaning business in Omaha. The Nebraska State Fire Marshal Agency said in a news release Wednesday that investigators discovered evidence of tampering with the natural gas system in ………
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10/11/2018
A proposed settlement of more than $51 million has been reached in a class-action lawsuit over pollution problems at an industrial plant in southeast Iowa. The Muscatine Journal reports that the settlement with Grain Processing Corp. must still be approved ………
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10/11/2018
For the fifth consecutive year, many Kansas business owners will pay less for workers’ compensation insurance again in 2019, the Kansas Insurance Department reported. “With another rate decrease, Kansas companies will potentially have more money to grow their businesses,” Kansas &#…
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10/11/2018
Texas Commissioner of Workers’ Compensation Cassie Brown has appointed Debra Knight as the new deputy commissioner of Compliance and Investigations. This program area at the Division of Workers’ Compensation (DWC) monitors compliance and investigates fraud and administrative violations….
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10/11/2018
More tornadoes were reported in northeastern Oklahoma and northwestern Arkansas on Tuesday, following several days of violent weather in the region. As a result of the recent heavy rain and storms, causing flooding, tornadoes and damage throughout the state, Oklahoma ………
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10/11/2018
Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving regulatory approvals. As a result of this transaction, Apollo Global Managemen…
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10/11/2018
A Fred Meyer customer in Clackamas, Ore. who says she was caught on store video while half-naked in a dressing room has filed a $300,000 lawsuit. The Oregonian/OregonLive reported Carlee Gish filed the lawsuit against the shopping chain Monday in ………
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10/11/2018
A Portland, Ore. woman who says debt collectors keep showing up at her door looking for someone she swears she doesn’t know has filed a $400,000 lawsuit to make them stop. The Oregonian/OregonLive reported Caitlin Kelly is suing a Portland ………
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10/11/2018
Nevada kicked off the first month of the new fiscal year with its biggest monthly marijuana sales since the state legalized pot for recreational use on July 1, 2017. The Nevada Tax Department said this week the $7.9 million in ………
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10/11/2018
One year after a devastating series of wildfires ripped through Northern California wine country, destroying thousands of homes, the U.S. Army Corps of Engineers’ first experience cleaning up after a wildfire has turned into an expensive bureaucratic mess and California’s ………
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10/11/2018
Travelers has started selling discounted home security products to its policyholders via Amazon. -More- ……
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10/11/2018
Outstanding catastrophe bonds worth about $15.7 billion could have exposure to risk in Florida, Aon Securities said, although -More- ……
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10/11/2018
Concern about rising rates for directors and officers liability coverage is emerging as more lawsuits opposing mergers are be -More- ……
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10/11/2018
The National Highway Traffic Safety Administration is considering a pilot program that would allow road testing of autonomous -More- ……
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10/11/2018
Strong wind on Wednesday generated waves 14 to 18 feet high on Lake Superior, leading to flooding that affected a business di -More- ……
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10/11/2018
Businesses and other organizations can open themselves to a range of risks when forming partnerships with ride-sharing servic -More- ……
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10/11/2018
Property analytics firm CoreLogic has updated its estimate of the cost of private Florida Panhandle property damages wrought -More- ……
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10/11/2018
Michael is now a tropical storm after nearing Category 5 status with top sustained winds of 155 mph when it made landfall on -More- ……
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10/11/2018
Malware, including ransomware and cryptojacking — the hacking of someone else’s computer to mine cryptocurrency — made up 5 -More- ……
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10/11/2018
Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for tropical cyclone activity around the globe – and 2018 ………
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10/11/2018
The limousine service under scrutiny after a crash that killed 20 people fixed safety violations in its fleet before the tragedy, said a lawyer who suggested the driver was unfamiliar with the rural road. Prestige Limousine has been criticized for ………
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10/11/2018
Willis Towers Watson, a global advisory, broking and solutions company, has appointed Jeffery Hay and Kathryn Walker as senior directors of consulting services within its Insurance Consulting and Technology, Americas P&C practice. In their new roles, Hay and Walker will ………
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10/11/2018
Erie Insurance, an Erie, Penn.-based insurer, has named Sean Dugan as vice president and corporate human resources officer. His new role begins October 25. In this role, Dugan will have oversight of the Talent Acquisition, Community Outreach, Diversity & Inclusion, ………
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10/11/2018
Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers. Long-haul flying meant four engines and at least three pilots on the flight deck at all times. ………
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10/11/2018
Nice people may be at greater risk of bankruptcy and other financial hardships compared with their less agreeable peers, not because they are more cooperative, but because they don’t value money as much, according to research published by the American ………
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10/11/2018
Foreigners seeking to invest in U.S aircraft and missile manufacturers, semiconductors or two dozen other industries would face heightened scrutiny by a government committee wielding stronger powers, under rules the Trump administration will issue Wednesday. Investors interested in American develope…
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10/11/2018
Berkley One, a startup insurance provider for individuals and families, has continued its expansion into New York and Connecticut. Partnering with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance and is ………
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10/11/2018
The profitability of London market and Lloyd’s insurers is expected to remain under pressure in 2018, despite the fact that rates improved slightly following the catastrophe losses in the second quarter of 2017, according to Fitch Ratings in a new ………
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10/11/2018
American International Group Inc.’s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance giant’s exposure to losses from catastrophes like Hurricane Michael. AIG ………
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10/11/2018
Hurricane Michael, the third most powerful storm ever to strike the U.S. mainland, headed northeast on Thursday, weakened but still set to soak Georgia and the Carolinas after devastating the Florida Panhandle. A man was killed when a tree toppled ………
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10/11/2018
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, announced the appointments of Lee Brewer as senior broker relationship manager and Harriet Tiplady as broker relationship manager. Based in London within the Market Manageme…
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10/11/2018
Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said. UOB has been soliciting ideas from ………
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10/11/2018
Moist air, warm waters in the Gulf of Mexico, and ideal wind patterns supercharged Hurricane Michael in the hours before it smacked Florida’s Panhandle. Hurricane Michael was barely a hurricane Tuesday morning, with winds of 90 mph. A little over ………
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10/11/2018
A report out earlier this week from the Intergovernmental Panel on Climate Change doesn’t say a whole lot about insurance, but the implications for the industry are numerous. Chief among those implications is that society will take the stark warnings ………
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10/11/2018
Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said Wednesday that a ………
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10/11/2018
Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments providers. ………
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10/11/2018
Brokerslink announced the expansion of its global broker network, which includes eight independent brokers from Africa, a brokerage in Indonesia, two specialist wholesale brokers and two companies that focus on risk and insurance services. Zug, Switzerland-based Brokerslink said its new ………
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10/11/2018
Hurricane Michael’s assault on the Florida Panhandle left nothing more than empty foundations and heaps of rubble in some parts of the small towns it crashed into with near-record force. Communications outages and roads blocked by downed trees, strewn power ………
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10/11/2018
Sanlam Ltd., Africa’s largest insurer by market value, said it fulfilled all the conditions for the $1.1 billion purchase of the shares it doesn’t already own in Morocco’s Saham Finances SA after regulators approved the deal. The Cape Town-firm’s biggest ………
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10/10/2018
Pharmacy chain CVS Health Corp. won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc., the Justice Department said on Wednesday, paving the way for a combination with potential to cut U.S. healthcare costs for consumers. ………
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10/10/2018
Brown & Brown of Kentucky, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of FNI Management Group, according to an announcement by Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and ………
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10/10/2018
Hurricane Michael’s torrential rain, storm surge, and hurricane-force maximum sustained winds that reached 140 miles per hour Wednesday could result in a historically devastating event for the northeastern Gulf Coast, according to A.M. Best. After making landfall in the Panhandle ………
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10/10/2018
North Carolina’s public school officials expect damage from Hurricane Florence to well exceed school losses after Hurricane Matthew two years ago, a Department of Public Instruction official told the state’s board of education last week. After receiving a record number ………
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10/10/2018
Georgia Governor Nathan Deal declared a State of Emergency Tuesday ahead of Hurricane Michael, which was expected to slam Florida as a Category 4 storm then travel northeast towards Georgia and the Carolinas on Thursday and Friday. Deal today issued ………
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10/10/2018
Utilities are warning that lights in the Carolinas may go out for the second time in a month, thanks to Hurricane Michael. Duke Energy Corp. said Michael may trigger outages, some lasting for several days, in North Carolina and South ………
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10/10/2018
A single law firm based in Royal Oak has won tens of millions of dollars in lawsuits against a growing list of metro Detroit communities – including Detroit, Royal Oak, Ferndale, Birmingham, and the townships of Bloomfield, Waterford and Brighton. ………
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10/10/2018
The National Weather Service reported that six small tornadoes from a single storm system hit Texas and Oklahoma, including one that forced the closure of a state highway in northeastern Oklahoma for more than six hours. The Oklahoma Highway Patrol ………
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10/10/2018
Myron Steves has named Becky Thomson to its executive team. As director of healthcare, Thompson provides oversight to the healthcare and educators liability departments. She has been responsible for managing account and client relationships, negotiating contracts with the insurance market ………
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10/10/2018
Backers of broad marijuana legalization are looking to break through a geographic barrier in November and get their first foothold in the Midwest after a string of election victories in Northeastern and Western states. Michigan and North Dakota, where voters ………
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10/10/2018
A 2017 Northern California wildfire that left four people dead began when two Pacific Gas & Electric power lines touched, acc -More- ……
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10/10/2018
A new report finds that weak passwords and other cybersecurity risks have put most of the latest weapons systems at risk of c -More- ……
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10/10/2018
Insurance startups are working to harness data analytics as they offer private flood insurance policies while the National Fl -More- ……
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10/10/2018
Hurricane Michael has intensified into a Category 4 storm that the National Weather Service called “potentially catastrophic. -More- ……
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10/10/2018
Sen. Richard Blumenthal, D-Conn., and Rep. -More- ……
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10/10/2018
The prevalence of reinsurance protection in the Florida property market means the reinsurance sector could face a great deal -More- ……
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10/10/2018
Insurers need to ensure they are providing sufficient protection for clients as new types of terrorism risks emerge, accordin -More- ……
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10/10/2018
Government relations professionals, general counsel and all PCI members interested in legislative and regulatory issues can r -More- ……
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10/10/2018
Pricing for property/casualty insurance increased 2.5% in the US during the third quarter, according to MarketScout. -More- ……
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10/10/2018
Gemalto’s Breach Level Index report showed that although there were 945 data security incidents globally in the first half of -More- ……
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10/10/2018
San Francisco, Calif.-based Charity First Insurance Services Inc. has named Margarita Paz-Cazares a new business underwriter. Paz-Cazares has more than 25 years of experience as a multiline commercial underwriter. She was previously a senior underwriter for Amtrust/AmCom. She was an ………
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10/10/2018
Andrew Brooks, chief executive officer of Ascot Underwriting Ltd., has been appointed the next chairman of the Lloyd’s Market Association (LMA), with effect from Jan. 1, 2019. Brooks, who has served on the LMA board as a member since 2012, ………
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10/10/2018
Alera Group has acquired Distinctive Insurance and GLB Insurance Group of Nevada. Terms of the deals weren’t disclosed. Distinctive Insurance is an employee benefits consulting and insurance firm located in Southern Nevada that creates tailored benefit solutions. GLB Insurance Group ………
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10/10/2018
Swiss Re Corporate Solutions has named Chris Sullivan head sales in the central region. Sullivan will be based in Chicago, Ill., and responsible generating new business, managing relationships with brokers and driving growth within the central region. He will oversee ………
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10/10/2018
The Association of British Insurers is urging the UK Treasury not to further penalize insurance customers by raising the insurance premium tax (IPT), which would cost each household an average of £200 ($262) annually . The UK has the sixth ………
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10/10/2018
After one of the most active years for mergers and acquisitions in property/casualty and life insurance, market conditions point to a continued push for deals, according to analysis by S&P Global Market Intelligence. Through the first nine months of 2018, ………
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10/10/2018
President Donald Trump has signed legislation that will protect sports medicine professionals who travel with sports teams by ensuring that their license and liability insurance remains in effect even when they cross state lines. The Sports Medicine Licensure Clarity Act ………
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10/10/2018
At least two U.S. states and two European Union member states are investigating a breach at Alphabet Inc.’s Google that may have exposed private profile data of at least 500,000 users to hundreds of external developers. The investigations follow Google’s ………
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10/10/2018
The supersized limousine that crashed and killed 20 people outside a country store failed a safety inspection last month and shouldn’t have been on the road, and the driver wasn’t properly licensed, New York’s governor said Monday. The state moved ………
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10/10/2018
Lloyd’s said it is working on transferring all European Economic Area (EEA) business to its EU headquarters, Lloyd’s Brussels, before the end of 2020 via a Part VII transfer. (Part VII transfers, in part, enable a UK insurer to transfer ………
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10/10/2018
Hurricane Michael, with winds strengthening to 145 miles an hour, is poised to be the strongest storm to hit the continental U.S. since 2004, with a life-threatening surge and the potential to cause $16 billion in damage. Michael is about ………
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10/10/2018
Risk Strategies, a privately held national insurance brokerage and risk management firm, has hired Boyce Morin as vice president of University Health Plans, the firm’s specialty division focusing on the design, placement and service of college and university student health ………
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10/10/2018
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited DuBell Lumber Company of Medford, N.J., for exposing employees to combustible dust and other hazards. The company faces $106,432 in proposed penalties. OSHA inspectors responded to a ………
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10/10/2018
Bermuda specialty insurer Ascot Group has launched Ascot Insurance U.S. and appointed Greg Wolyniec as its president and chief executive officer. Ascot also announced the completion of the acquisition of Greyhawk Insurance Co., an inactive Colorado domiciled admitted carrier, and ………
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10/10/2018
It has been more than a year and a half since the New York Department of Financial Services cybersecurity regulations (cyber rules) came into effect, and yet another compliance deadline has passed. Broadly, “covered entities,” which means you if you ………
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10/10/2018
Oxbotica, a U.K. startup whose self-driving vehicle software will help guide the European Space Agency’s Mars rover, has appointed former Uber executive Fraser Robinson to its board. Robinson served as the ride-hailing company’s head of business for Europe, the Middle ………
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10/10/2018
Britain’s financial services minister said he would do all he can to ensure that the City of London continues to be a major financial center after Britain leaves the European Union, although thousands of jobs will move to the continent. ………
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10/10/2018
China plans to increase the number of companies it deems systemically important financial institutions, people familiar with the matter said, a sign that policy makers are stepping up crisis-prevention efforts as the nation’s debt burden swells to unprecedented levels. Regulators ………
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10/10/2018
Hurricane Michael, a Category 4 storm hitting Florida Wednesday with wind speeds of more than 150 miles per hour, is not just a major storm for the State of Florida, it is the strongest storm to hit the Florida Panhandle ………
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10/10/2018
British insurer Aviva Plc has parted ways with CEO Mark Wilson, effective immediately, and given itself four months to find a successor. The manner of his sudden departure after almost six years may look harsh, but it’s not hard to ………
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10/09/2018
PG&E Corp.-owned equipment caused the Cascade fire in Northern California last year, state investigators have determined. Sagging power lines were the ignition source of the blaze, the California Department of Forestry and Fire Prevention said in a statement. The Cascade ………
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10/09/2018
Aviva PLC Chief Executive Officer Mark Wilson has stepped down, though he will remain with the company until April to help manage the transition. Key Insights Company said it’s time for “new leadership” to take it to the next phase ………
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10/09/2018
Corporate boards across the U.S. are weighing whether bosses who lose their jobs for bad behavior should surrender part of their compensation. Several high-profile executives resigned or were ousted in the past year following allegations of misconduct, leaving the companies ………
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10/09/2018
Fast-moving Hurricane Michael is expected to be a significant storm for the Florida Gulf Coast, and the state’s top insurance regulator says the insurance industry is ready to respond to whatever destruction it may bring. “Through Hermine, Matthew and Irma ………
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10/09/2018
The auto industry is a long way from seeing autonomous vehicles and ride-hailing companies put an end to traffic deaths and personal car ownership, according to one of the top U.S. auto dealers. “We have reached peak absurdity on this ………
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10/09/2018
Residents and businesses affected by the lead-contaminated water crisis in Flint are asking a judge to reinstate Republican Gov. Rick Snyder and other Michigan officials as defendants in a class-action lawsuit. Lawyers said Sunday that an amended complaint includes evidence ………
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10/09/2018
Employee benefits consultant Eric Rioux has joined Lockton’s Southeast series as a business adviser. Lockton’s Southeast operation has offices in Atlanta, Charlotte, Naples, Miramar, Miami, Tampa and Greenville, South Carolina. Rioux previously spent a decade as an account manager and &#…
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10/09/2018
North Carolina’s agriculture agency asked state legislators Monday for over $300 million to address cleanup and recovery after Hurricane Florence, with most going toward direct payments to farmers who lost crops and livestock to help them stay in business. Agriculture ………
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10/09/2018
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has established a new business unit to extend environmental liability insurance capabilities to a wider range of industries in the U.S. market. Sompo International will ……..
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10/09/2018
A new medical marijuana health clinic is opening in northwest Louisiana. News outlets reported the Total Health Clinic was opening in Bossier City this week. Dr. Chad Rossitter, an internal medicine doctor in Acadiana, said he became interested in marijuana ………
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10/09/2018
The Oklahoma Highway Patrol says a state highway in the town of Fairfax in Osage County has been closed because of tornado damage, the Tulsa World newspaper reported. The newspaper says there have been no reports of injuries from the ………
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10/09/2018
The mother of a 2-year-old girl who was fatally mauled by dogs at her father’s home is suing Kansas welfare workers. The Kansas City Star reported that the lawsuit filed last month says the Kansas Department for Children and Families ………
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10/09/2018
The Michigan appeals court says a bank can’t be blamed for a crash that occurred when a confused driver went the wrong way in suburban Detroit. Frank Scola was a 7-year-old passenger when his mother turned the wrong way out ………
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10/09/2018
Registration opens today for the 2019 Earthquake Brace + Bolt program, which offers eligible homeowners grants of up to $3,000 for seismic retrofits to strengthen their older houses and make them more resistant to earthquake damage. EBB will offer 2,000 ………
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10/09/2018
Tropical Cyclone Luban is gathering strength in the Arabian Sea and could threaten Yemen and Oman later this week, according to a report from Ann Arbor, Mich.-based Weather Underground. Luban is forecast to strengthen into the equivalent of a Category ………
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10/09/2018
Alliant Insurance Services Inc. has named Daniel J. Guth a vice president in Orange County, Calif. Guth will provide workers’ compensation, risk management, and property/casualty solutions to a diverse portfolio of clients. Guth was previously area vice president with Arthur ………
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10/09/2018
Police in Virginia say a 65-year-old man has died after his single-engine plane crashed in the far western part of the state. Virginia State Police said in a statement that the plane was reported missing shortly after 2 a.m. on ………
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10/09/2018
10/09/2018
States in the central US, from Texas through Michigan, are at risk from rainfall that could cause flash flooding within one t -More- ……
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10/09/2018
A three-year security breach that gave hackers access to the account information of hundreds of thousands of Google+ users ha -More- ……
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10/09/2018
Without continued cybersecurity improvements, hackers could trigger “catastrophic” cyberterrorism events, especially at less -More- ……
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10/09/2018
The San Francisco area’s Bay Area Rapid Transit is testing the ShakeAlert system, which provides warnings shortly before eart -More- ……
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10/09/2018
About 57,000 homes with a total reconstruction cost value of $13.4 billion could be exposed to storm surge if Hurricane Micha -More- ……
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10/09/2018
Hurricane Michael has been upgraded from a tropical storm and could be a Category 3 hurricane before making landfall, expecte -More- ……
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10/09/2018
A water emergency declaration is in place for Louisiana’s Concordia Parish after a water system operator said it has ceased r -More- ……
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10/09/2018
Specialty insurer QBE North America has promoted Toria Lessman to senior vice president, head of Transactional Liability, and Stacey Meade to senior vice president, head of Financial Institutions. An attorney by trade, Lessman has a decade of insurance industry experience. ………
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10/09/2018
Americans William Nordhaus and Paul Romer, pioneers in adapting the western economic growth model to focus on environmental issues and sharing the benefits of technology, won the 2018 Nobel Economics Prize on Monday. In a joint award that turned the ………
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10/09/2018
Robot cars make for annoying drivers. Relative to human motorists, the driverless vehicles now undergoing testing on public roads are overly cautious, maddeningly slow, and prone to abrupt halts or bizarre paralysis caused by bikers, joggers, crosswalks or anything else ………
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10/09/2018
While the race to automated vehicles picks up speed, a new survey reveals consumer are skeptical of the technology and the safety claims of its advocates, a new survey finds. Also, the insurance industry may be in the best position ………
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10/09/2018
Generali has launched a new Cyber Insurance function and the formation of a cyber security company. The Cyber Insurance function will combine a range of cyber insurance solutions with the support of a technology start-up, CyberSecurTech, which is wholly owned ………
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10/09/2018
When flood waters rise, more data helps better predict and monitor changing conditions. Soon there will be an app for that. The National Science Foundation (NSF) awarded a Smart and Connected Communities $1.5 million grant to a team of computer ………
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10/09/2018
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Hamiltime Herb Co. LLC after inspectors found employees exposed to safety and health hazards in a follow-up investigation at its Howell, N.J., facility in May 2018. OSHA ………
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10/09/2018
Michael is forecast to become the second hurricane to make landfall in the U.S. in a month as it heads toward Florida with winds of 90 miles per hour. The fast-moving storm has already sent cotton prices to a one-week ………
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10/09/2018
In line with the growing importance of non-traditional insurance solutions for global businesses, Allianz Global Corporate & Specialty (AGCS) announced it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams. With effect from Nov. 1, 2018, ………
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10/09/2018
The National Transportation Safety Board will examine federal oversight of the limousine industry as part of its investigation into a deadly New York state crash that killed 20 people in the worst U.S. transportation event since 2009, Chairman Robert Sumwalt ………
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10/09/2018
GBS Benefits has added Don Mollihan as a senior consultant in Arizona. Mollihan founded Arizona Benefit Consultants LLC in 1995. He has more than 30 years of experience in the brokerage and consulting space. GBS Benefits is part of Leavitt ………
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10/09/2018
The European Union has made “limited progress” in addressing the threat a no-deal Brexit would pose to financial services, and urgent action is needed, according to the Bank of England. In the limited time remaining before the U.K. leaves the ………
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10/09/2018
Willis Towers Watson announced the appointment of Pamela Thomson-Hall as the head of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region of Willis Towers Watson. Thomson-Hall has also been named as the head of Corporate Risk and ………
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10/09/2018
Britain said on Monday it could not agree a divorce deal with the European Union without a framework pact on future relations, throwing down the gauntlet to the bloc which also says it cannot move on talks until London does. ………
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10/09/2018
Italian freight forwarders who say their business has been affected by a deadly bridge collapse in Genoa are taking legal advice and considering whether to sue toll-road operator Atlantia if the group is found responsible. The government has blamed an ………
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10/08/2018
Monthly marijuana tax revenue in Alaska hit $1.5 million in August, another new high. The state says the only time this year that tax revenue was below $1 million was in February. Cultivators pay the tax, imposed when marijuana is ………
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10/08/2018
A woman who says she was harassed and intimidated by a police officer in the southwest Washington city of Woodland has settled a lawsuit against him for $275,000. The Daily News in Longview reported that the city’s insurance will cover ………
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10/08/2018
Florida’s governor mobilized National Guard troops and ordered Gulf Coast residents to head inland or evacuate as Hurricane Michael churned toward shore on Monday, with the storm forecast to strengthen rapidly before making landfall on Wednesday. Michael was expected to ………
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10/08/2018
e3 Insurance recently joined Valley Insurance Agency Alliance, a group of more than 100 independent insurance agencies in Missouri and Illinois. e3 Insurance is a strategic partnership between Christopher Lawrence Stone and John Moriarty, founder of e3 ConsultantsGROUP. Stone also ………
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10/08/2018
Has the workplace changed in the year since New York Times reported the first allegations against movie producer Harvey Weinstein? At the very least, many powerful men have altered their behavior, according to a new survey from the Society for ………
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10/08/2018
At least 57,000 homes along Florida’s Gulf Coast with a reconstruction cost value (RCV) of about $13.4 billion are a potential risk of storm surge damage from Hurricane Michael, according to a data analysis released Monday by CoreLogic. The catastrophe ………
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10/08/2018
Victims of a flash flood that damaged more than 150 structures in central Mississippi are unlikely to qualify for federal disaster aid. WLBT-TV reports the Mississippi Emergency Management completed its assessment Oct. 1 and found that damage in Pearl from ………
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10/08/2018
The Florida Department of Financial Services Disaster Fraud Action Strike Team (DFAST) has been activated ahead of what is expected to become Hurricane Michael and will be deployed in the affected areas to protect Floridians from storm-related fraud, according to ………
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10/08/2018
Louisiana Gov. John Bel Edwards has declared a water emergency involving an east-central Louisiana water system after finding out that the system’s contracted operator is no longer running the system because it hasn’t been paid. The order involves the Clayton ………
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10/08/2018
The houses and yards and businesses are cleaned up. The so-called stigma of Superfund designation is fast fading. The Cabinet Mountains and the crystalline waters of the Kootenai River beckon visitors and even new residents. And if not for the ………
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10/08/2018
The parents of a teenager who drowned during a high school swim class have filed a claim with his Northern California school district. The claim, generally a precursor to a lawsuit, alleges that a physical education teacher at San Ramon ………
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10/08/2018
A New Mexico man suing a supermarket chain after he says he slipped and fell on a green chile pod. The Albuquerque Journal reported a lawyer for Richard Berman filed a lawsuit last week in Santa Fe District Court two ………
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10/08/2018
Kapnick Insurance Group has acquired Warren, Mich.-based A.E. Mourad Agency. The Mourad team will join Kapnick in their Troy offices in early 2019. A.E. Mourad is an independent agency that provides a variety of services including small business benefits, and ………
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10/08/2018
Insgroup Inc. has acquired Houston, Texas-based Fred Brown Insurance Brokerage to enhance its Employee Benefits offering to large employer groups. Insgroup also acquired Fred Brown Property Casualty. Terms of the deal were not disclosed. All Fred Brown Companies’ employees will ………
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10/08/2018
J.M. Wilson has named Taylor James a property/casualty underwriter in its Ohio office. James is responsible for underwriting new and renewal accounts for a variety of property/casualty risks, as well as issuing policies and servicing accounts for independent insurance agents ………
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10/08/2018
California is poised to set an annual record it never wanted to break: the amount of earth scorched by wildfires. Blazes have already ripped through enough acres to blacken the entire state of Delaware, and what’s typically California’s worst month ………
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10/08/2018
Patrick Muldowney has been elected oresident of the Independent Insurance Agents of Illinois. The Chicago-based Muldowney will be responsible for the general leadership functions of the organization. He will also serve as a member of the six-person executive committee of ………
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10/08/2018
Revised flood maps for Charleston County, S.C., will already be obsolete by the time they’re published next year, said Carl S -More- ……
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10/08/2018
Tesla is introducing version 9.0 of the software used in its cars, but it has postponed the debut of a feature that would let -More- ……
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10/08/2018
Tropical Storm Michael could intensify into a Category 2 hurricane and make landfall on the Florida Panhandle this week. -More- ……
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10/08/2018
The $1.3 billion in federal cleanup contracts awarded after last year’s Northern California wildfires involved companies paid -More- ……
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10/08/2018
The US Forest Service suspects a vehicle’s catalytic converter sparked the Ferguson fire, which burned more than 100,000 acre -More- ……
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10/08/2018
A federal official said Saturday’s limousine crash that left 20 people dead in the upstate New York town of Schoharie is the -More- ……
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10/08/2018
The Southwestern US could see flooding late this week as Hurricane Sergio is forecast to turn around and head toward northwes -More- ……
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10/08/2018
North Carolina lawmakers are scheduled to begin a special session on Tuesday to examine how the state should fund its recover -More- ……
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10/08/2018
The Department of Homeland Security said in a statement that it has “no reason to doubt” Apple, Amazon and Supermicro, which -More- ……
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10/08/2018
A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years, according ………
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10/08/2018
The natural gas company at the center of the explosions north of Boston last month was “woefully unprepared” to prevent or respond to the unfolding disaster, Sens. Elizabeth Warren and Ed Markey said Friday after a review of internal company ………
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10/08/2018
The Main Street America Group, a Jacksonville, Fla.-headquartered super-regional property and casualty insurance carrier, has promoted Jerry Waters to vice president and chief accounting officer, effective immediately. Waters, based in Keene, N.H., joined Main Street America in 2010. Since that R…
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10/08/2018
MLMIC Insurance Company, formerly known as Medical Liability Mutual Insurance Company, has completed its conversion from a property and casualty mutual insurance company to a property and casualty stock insurance company and its acquisition by National Indemnity Company, a subsidiary ………
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10/08/2018
A U.K. lawsuit filed against Google by millions of iPhone users over data-collection claims was thrown out by a London judge. The group, known as Google You Owe Us, were seeking as much as 3.2 billion pounds ($4.2 billion), according ………
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10/08/2018
AIG Global Real Estate is seeking buyers for a Manhattan hotel that could fetch more than $200 million, according to a person familiar with the matter. AIG has tapped Eastdil Secured LLC to find prospective buyers for the 310-room Embassy ………
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10/08/2018
A Kentucky woman is suing the U.S. arm of Brazil’s JBS SA, alleging she was hospitalized after consuming ground beef produced by the company that was tainted with Salmonella, according to a lawsuit filed on Friday in Arizona state court. ………
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10/08/2018
Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA). Indeed, 25 percent of IUA members who responded to the survey stated they are considering ………
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10/08/2018
Alphabet Inc.’s Google will shut down the consumer version of its failed social network Google+ and tighten its data sharing policies after announcing on Monday that private profile data of at least 500,000 users may have been exposed to hundreds ………
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10/08/2018
Workers’ compensation claim frequency reported by California’s private self-insured employers rose last year, the first increase in a decade, according to the California Workers’ Compensation Institute. The CWCI issued a report on Monday that shows the incidence of both indemnity &…
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10/08/2018
Britain’s businesses are suffering from Brexit-related uncertainty as exports slow, recruitment difficulties mount and investment plans are scaled back, two surveys showed on Monday. The British Chambers of Commerce said its survey of 5,600 companies, the largest of its kind ………
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10/08/2018
Society would have to enact “unprecedented” changes to how it consumes energy, travels and builds to meet a lower global warming target or it risks increases in heat waves, flood-causing storms and the chances of drought in some regions as ………
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10/07/2018
Google agreed to pay an undisclosed amount to settle the claims of job applicants who said the company discriminated against them on the basis of age. Daniel Low, a lawyer for the applicants age 40 and older, said the parties ………
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10/07/2018
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and more efficient to buy and sell, and ………
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10/07/2018
Annual family premiums for employer-sponsored health insurance rose five percent to an average $19,616 this year, extending a seven-year run of moderate increases.The average single deductible now stands at $1,573 for those workers who have one, similar to last year’s ………
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10/07/2018
When it’s machine versus human, it’s more likely humans will be exchanging insurance information with other humans, according to data released by the electric car maker Tesla. In the first quarterly report on the safety of its autonomous vehicles, Tesla ………
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10/07/2018
A lawsuit seeking to hold drugmakers and distributors responsible for a nationwide opioid epidemic should be allowed to move forward, a federal magistrate said in a preliminary ruling that may increase the likelihood of a settlement. Companies including Johnson & ………
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10/07/2018
A federal investigation seeks documents about business operations connected to a private investment firm founder who seemingly overnight became the largest individual donor in North Carolina politics. The federal grand jury subpoena issued last month to the state Department of ………
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10/07/2018
Red tide is expected to linger along Florida’s Atlantic and Gulf coasts at moderate levels at least through early this week. Most South Florida beaches were open Friday with warnings posted about the toxic algae. The National Oceanic and Atmospheric ………
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10/07/2018
Florida Governor Rick Scott said he declared a state of emergency on Sunday in 26 counties across the Florida Panhandle and Big Bend, as the state continues to prepare for a probable hurricane to hit at midweek. Scott said during ………
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10/05/2018
Cyber insurance is a market with enormous growth potential – but one that also has the potential to become a costly, worldwide event in a matter of seconds. Unlike natural catastrophes, cyber isn’t limited to geographic regions. It’s a risk ………
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10/05/2018
North Carolina officials say repairing roads damaged by Hurricane Florence will cost at least $266 million. WRAL-TV reports that Transportation Secretary Jim Trogdon told a House transportation committee Wednesday that estimate is expected to rise as more information is gathered. ………
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10/05/2018
ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The new Your Belongings ………
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10/05/2018
The government says 38 people in seven states have gotten sick from eggs produced by an Alabama poultry farm. The Food and Drug Administration says the illnesses are linked to salmonella-tainted eggs from Gravel Ridge Farms, which is north of ………
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10/05/2018
A New Jersey court is allowing most of the state’s lawsuit against the maker of OxyContin to move forward. Superior Court Judge Thomas Moore dismissed a public nuisance claim against Purdue Pharma. But he’s allowing other the state’s case to ………
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10/05/2018
AXA becomes the “official global insurance partner” for Liverpool Football Club, which is part of the English Premier League. In addition to providing excellent global brand visibility and raising AXA’s profile among sports fans around the world, the multi-year partnership …….
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10/05/2018
A Canadian company’s plan to open a so-called robot brothel in Houston has been short circuited by city leaders. Houston’s City Council on this week updated one local ordinance to specifically ban individuals from having sex with an “anthropomorphic device,” ………
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10/05/2018
A central Indiana apartment complex ravaged by a 2016 tornado has reopened its first renovated units more than two years after that storm. About three dozen one-bedroom units reopened last week in one building at Park Place Apartments, which was ………
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10/05/2018
Legislation headed to President Donald Trump’s desk could help thousands of Louisiana flood victims. The U.S. Senate gave final passage this week to a package of federal disaster policy changes, included in a bill authorizing spending for federal aviation programs. ………
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10/05/2018
Federal officials have fined a northwest Wisconsin refining company more than $83,000 for safety violations related to an explosion that injured dozens of people and led to an evacuation. The Occupational Health and Safety Administration cited the Superior Refining Company ………
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10/05/2018
Markel International, the London-based specialist insurer and reinsurer, announced that its Mumbai office is now open and actively writing business. Markel said it provides specialist facultative reinsurance to local Indian insurers, in a broad range of commercial classes including marine, ……..
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10/05/2018
Colorado’s system for regulating marijuana has too many loopholes that disguise illegal activity and jeopardize public safety, a federal prosecutor said, detailing his motivation for boosting scrutiny in the first state to broadly allow cannabis sales. U.S. Attorney Bob Troyer ………
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10/05/2018
An earthen dam in Arizona’s southern desert could fail and flood a small village because the lake behind it is swollen with runoff from the remnants of Tropical Storm Rosa, officials said this week. Ali Chuk, a Native American community ………
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10/05/2018
Chubb has appointed Mary Parsons, executive vice president, Sales and Distribution leader, for its North America Personal Risk Services (PRS) division. In this role, Parsons will be responsible for achieving profitable growth targets across all regions in the United States, ………
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10/05/2018
10/05/2018
US regulators plan to reconsider prohibition of fully autonomous vehicles from the road unless they have equipment such as mi -More- ……
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10/05/2018
Cloudhopper, a hacking group linked to the Chinese government and active in intellectual property theft and cyberespionage, h -More- ……
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10/05/2018
Today’s insurance customers and shoppers are “increasingly empowered,” and the customer experience needs to be key area of fo -More- ……
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10/05/2018
Uncertainties around the National Association of Insurance Commissioners’ Insurance Data Security Model Law include how widel -More- ……
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10/05/2018
An area of low pressure in the Caribbean has a 60% chance of becoming a tropical depression or storm within five days, accord -More- ……
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10/05/2018
Natural-disaster losses in the third quarter of 2018 could amount to $16 billion, although the reinsurance sector has suffici -More- ……
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10/05/2018
Hurricane Sergio could hit northern Baja California, Mexico, and bring heavy rain to parts of the Southwestern US if the Paci -More- ……
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10/05/2018
KOVRR, a provider of predictive modeling for cyber insurance, announced a silent and affirmative cyber risk solution. The new product enables insurance and reinsurance carriers to identify uncalculated capital at risk and quantify policy clauses that may leave them liable ………
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10/05/2018
President Donald Trump has approved a disaster declaration for upstate New York counties hit by severe flash flooding in August. The declaration signed Monday by the Republican will allow the counties to apply for federal financial assistance to cover the ………
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10/05/2018
RVI Group, a Stamford, Conn.-based provider of residual value insurance, has appointed Wei Fan to lead its Passenger Vehicle Insurance and Analytics businesses. Under Fan’s leadership, the Passenger Vehicle Insurance and Quantitative Analysis teams, which partner closely on business developmen…
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10/05/2018
Connecticut officials have received official assurances that CVS Health Corp. will keep Aetna Inc. in Hartford for at least the next decade. The pledge is included in a commitment letter CVS delivered Wednesday to the Connecticut Insurance Department. CVS had ………
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10/05/2018
Online financial services firm LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, QuoteWizard has helped nearly 40 million consumers shop for auto, home and health insurance ………
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10/05/2018
Independent Lloyd’s broker AFL Insurance Brokers Ltd. (AFL) has appointed of Julia Moretti as director – casualty, effective September 2018. Moretti joins the AFL team from JLT Reinsurance Brokers Ltd., where she was partner and senior casualty producer in the ………
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10/05/2018
The final insured property market losses for Extratropical Cyclone Xavier, based on loss data collected from affected insurers, is €324 million ($372.5 million), according to estimates issued by PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance dat…
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10/05/2018
Midlands Management Corp. has named Joshua Reynolds a broker in its transportation unit in Dallas, Texas. Reynolds has 19 years of insurance underwriting experience. He was previously a senior transportation underwriter for QEO Insurance Group. He was with Hallmark Specialty ………
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10/05/2018
After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are now stepping up plans to avert a market meltdown. Daniele Nouy, the European Central Bank’s head of supervision, set an ………
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10/04/2018
Federal officials have cited Norwalk, Ohio-based American Excelsior Company for workplace safety hazards and proposed $213,411 in penalties against the company after an employee required hospitalization when he suffered a crushed arm. The U.S. Department of Labor’s Occupational Safety and R…
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10/04/2018
Ohio-based Tower Hill Specialty is now offering property insurance in Illinois. Currently available in seven states, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and condominium products. Insurance coverages for vacation homes, rental properties and fixer-uppers are…
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10/04/2018
The Trump administration is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment such as steering wheels, pedals and mirrors, according to a document made public on Thursday. The National Highway ………
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10/04/2018
Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance ………
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10/04/2018
Bond insurance companies that were not part of a preliminary deal to restructure debt issued by the Puerto Rico Electric Power Authority (PREPA) have relaunched litigation seeking a receiver for the bankrupt agency. The move could signal that Puerto Rico ………
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10/04/2018
A Palmetto Bay, Fla., man was arrested last month for allegedly defrauding Citizens Property Insurance Corp. of more than $30,000 relating to Hurricane Irma, according to a statement from Florida Chief Financial Officer. Carlos Guillermo Aponte, 44, of Palmetto Bay ………
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10/04/2018
Florida-based Seeman Holtz Property & Casualty, Inc. has acquired Spencer Insurance Agency LLC, headquartered in Hobe Sound, Fla. Spencer Insurance Agency has been serving the Eastern coast of Florida for over 25 years. Operating as a family business, offers coverage ………
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10/04/2018
Remnants of a tropical storm drenched parts of the desert Southwest this week, trapping some drivers on swamped streets of Phoenix, Ariz. as authorities prepared for possible flash flooding in the state, central Utah and elsewhere. Rosa, a hurricane that ………
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10/04/2018
Uber has implemented a number of safety measures, including annual background checks on its drivers in Colorado, as part of a proposed settlement with the state. The Denver Post reports the Colorado Public Utilities Commission issued an $8.9 million fine ………
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10/04/2018
A man who says he was sexually abused decades ago by his parish priest said he is suing all Catholic bishops in California and the Archdiocese of Chicago, seeking to compel church officials to release records on clergy abuse. The ………
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10/04/2018
San Francisco supervisors have approved a $14.5 million settlement for a woman who was paralyzed from the waist down when she was struck by a heavy tree limb at a park two years ago. The San Francisco Chronicle reported the ………
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10/04/2018
Hurricane Florence’s damage to North Carolina public schools is likely to be far worse than the damage Hurricane Matthew caus -More- ……
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10/04/2018
Travelers has invested $3 million in Kittyhawk, a drone operations management company, to grow Kittyhawk’s commercial drone o -More- ……
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10/04/2018
Powerful storms struck parts of the Northeast on Tuesday, with 38 tornado warnings across a 500-mile area affected by the sto -More- ……
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10/04/2018
Workers’ comp insurers in New Jersey would have to provide coverage for medical marijuana under a bill introduced last week. -More- ……
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10/04/2018
A Travelers survey of more than 1,200 business leaders found half of respondents saying cyberattacks are unavoidable, but it -More- ……
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10/04/2018
The Federal Emergency Management Agency sent a Presidential Alert test to millions of cellphones at 2:18 p.m. -More- ……
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10/04/2018
The National Highway Traffic Safety Administration reported the first six months of 2018 saw a 3.1% year-over-year decline in -More- ……
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10/04/2018
Ponemon Institute research indicates that cleaning up after a security breach costs on average $7.3 million in the US, althou -More- ……
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10/04/2018
The Howard County Council in a narrow 3-2 vote approved two bills on Monday night that will allocate nearly $17 million toward a controversial five-year flood mitigation plan for Ellicott City. The bills represent the first phase of a $50 ………
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10/04/2018
A natural gas company is releasing its plan for replacing aging pipelines and restoring service to thousands of homes and businesses affected by the natural gas explosions and fires north of Boston last month. Columbia Gas said Tuesday it’s deploying ………
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10/04/2018
A construction crew repairing a water line accidentally struck a gas main in western Pennsylvania, sparking a fire that injured one worker. The blast in Bethel Park occurred around 2 a.m. Wednesday and burned for about two hours before the ………
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10/04/2018
A Connecticut jury has awarded $1.6 million to a man who was seriously injured by a fork lift at a Sears warehouse in 2014. The Connecticut Post reports that the jury ruled in favor of Kevin Reid last Friday. The ………
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10/04/2018
Later this month, the U.S. Army Corps of Engineers will recommend a multi-billion-dollar plan to help protect the Texas coast ” the Houston area in particular ” from hurricanes. When it will become a reality, however, is anyone’s guess. The ………
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10/04/2018
Aon is partnering with Fixico to offer a fully-digital solution to handle car repairs for Aon’s fleet clients in Belgium. Fixico offers a digital platform for car repair handling, which is directly connected to a wide network of selected high-quality ………
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10/04/2018
The Workers’ Compensation Insurance Rating Bureau of California on Thursday issued a summary of legislation signed into law by Gov. Jerry Brown. The Legislature recessed for the year on Aug. 31, and Brown had until Sept. 30 to sign or ………
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10/04/2018
Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit Ltd. where he held the ………
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10/04/2018
California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at least 75 percent and up to 100 percent of contents ………
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10/04/2018
Randall & Quilter Investment Holdings Ltd. (R&Q) announced it has entered into an agreement to acquire Western Captive Insurance Company Designated Activity Company (WCIC) from the Coffey Group of companies in Ireland. WCIC is Coffey’s Irish-domiciled captive insurance company. The …
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10/04/2018
The recent run of large natural disasters to hit Japan likely has put downward pressure on the creditworthiness of the nation’s three largest non-life insurance groups, according to S&P Global Ratings in a market briefing. Following July’s heavy rains, Typhoon ………
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10/04/2018
Santa Maria, Calif.-based Murray and Murray Insurance has rebranded to better reflect its affiliation with the Leavitt Group. The agency will now do business as Leavitt Coastal Valley. Dan Lillard remains the managing co-owner of the agency. All other personnel ………
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10/03/2018
Russia’s military intelligence service has led a campaign of “indiscriminate and reckless cyber attacks targeting political institutions, businesses, media and sport,” the U.K.’s National Cyber Security Centre said in a statement. Under names including Fancy Bear, Pawnstorm a…
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10/03/2018
Totten Insurance Group Inc., a Toronto-based managing general agency, announced it has acquired Anderson McTague & Associates Ltd. Terms of the transaction were not disclosed. Headquartered in Saint John, New Brunswick, Canada, Anderson McTague has served Atlantic Canada’s independent insu…
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10/03/2018
MJ Insurance, headquartered in Indianapolis, has partnered with HealthJoy, a healthcare guidance platform that helps employees make informed healthcare decisions and provides a variety of cost containment strategies to help lower employer healthcare costs. HealthJoy advances current telemedicine off…
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10/03/2018
The family of a Fort Worth man who died after they say officers needlessly choked, kicked and shot with a stun gun during a 2013 drug raid can proceed with a wrongful death lawsuit against two officers and the city, ………
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10/03/2018
A human trafficking survivor from Texas sued Facebook this week, alleging the social media platform provides human traffickers an unrestricted way to “stalk, exploit, recruit, groom … and extort children into the sex trade.” The lawsuit was filed Oct. 1 ………
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10/03/2018
Automotive insurance telematics company, The Floow, has hired Cindy Bylsma and Brian Mendralla in Detroit, Michigan, as business analysts. Before joining The Floow, Bylsma was a business analyst and applications support analyst in the supply chain management, food safety, higher ………
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10/03/2018
OptOn has launched its mobile, on-demand, commercial insurance product for rideshare drivers in Illinois. The company said the mobile app provides short-term primary insurance coverage for rideshare drivers across all rideshare driving periods with premium priced per mile. In OpOn’s ………
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10/03/2018
Airline passengers can no longer be removed from flights under legislation that passed the Senate on Wednesday, while the government will write new rules to allow commercial drones to deliver packages and get new authority to shoot down dangerous ones. ………
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10/03/2018
The U.S. government on Wednesday warned that a hacking group widely known as cloudhopper, which Western cybersecurity firms have linked to the Chinese government, has launched attacks on technology service providers in a campaign to steal data from their clients. ………
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10/03/2018
A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John Koeltl in Manhattan ruled that the former ………
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10/03/2018
In a rare show of bipartisanship, the North Carolina legislature quickly approved Tuesday legislation described as financial and policy down payments on what’s expected to be a long, expensive recovery from Hurricane Florence. Barely two weeks after the storm’s last ………
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10/03/2018
A Florida woman was arrested in August and charged with three felony counts of concealing payroll to avoid workers’ compensation premiums and two felony counts of application fraud, according to a statement from the Florida Department of Financial Services. Florida ………
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10/03/2018
The family of a South Carolina woman who fell down an elevator shaft to her death has been awarded a $600,000 settlement. Rae Gilmore was a volunteer and dealer at Blackhorse Antiques who was in her 70s in 2015. Cherokee ………
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10/03/2018
Gemini Trust Co., the digital-asset exchange founded by Cameron and Tyler Winklevoss, said that it secured insurance for customers’ digital assets. The company obtained insurance coverage for virtual currency it holds on behalf of clients in online wallets, according to ………
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10/03/2018
Kelly Klee, Inc., a digital insurance broker in the high net worth space, has released a customizable online coverage plan for private client insurance. The new Kelly Klee online coverage plan allows consumers to see quotes for all their assets, ………
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10/03/2018
Turbeville Insurance Agency (TIA) of South Carolina has hired Jack Godbold to the company’s executive team as the Small Commercial Lines director. In this role, Godbold will also oversee many of TIA’s high valued homeowner policies. Godbold comes to the ………
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10/03/2018
Concussions plunged in Ivy League football after the kickoff line was moved to thwart what might be the game’s most dangerous play, according to a study published Monday. The aim of the 5-yard move was to have more kickoffs land ………
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10/03/2018
Final U.S. highway fatality numbers for 2017 are down following two consecutive years of large increases. In addition, preliminary estimates for the first six months of 2018 appear to show that this downward trend continues into this year. The U.S. ………
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10/03/2018
Zurich Insurance has launched Zurich Cyber Insurance Policy with an updated form designed to help businesses protect themselves from cybersecurity risks. The new form replaces Zurich’s Security & Privacy policy and brings together coverages previously available only through endorsements. T…
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10/03/2018
Federal officials have sued the owners of a number of residential rental properties in or around Oklahoma City, alleging that they subjected female tenants in and applicants for those properties to sexual harassment, coercion, intimidation and threats. The complaint filed ………
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10/03/2018
Rainbow USA Inc., a specialty apparel chain, violated federal law when it terminated a manager upon becoming aware of her pregnancy, the U.S. Equal Employment Opportunity Commission (EEOC) has alleged in a lawsuit filed in U.S. District Court for the ………
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10/03/2018
The company that owns the Ride the Ducks operation in Branson has asked a judge to dismiss some of the lawsuits filed after one of its boats sank in a Missouri lake in July, killing 17 people. Ripley Entertainment said ………
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10/03/2018
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Eustis Insurance & Benefits, a Louisiana-based independent insurance agency. Terms of the acquisition were not disclosed. Founded in 1946 and headquartered in Metairie, Louisiana, Eustis’ R…
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10/03/2018
Alliant Insurance Services has acquired the property/casualty insurance services firm, Zande Group, based in Des Plaines, Illinois. Zande Group delivers premium, tailored commercial and personal insurance products and services to clients both in Illinois and throughout the United States. The ……
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10/03/2018
Traverse City, Michigan-basedHagerty has promoted Collette “Coco” Champagne, chief operating officer. Champagne previously served as Hagerty’s chief people officer. Champagne joined Hagerty in 1999 as leader of the sales and service operation and was promoted to vice president of h…
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10/03/2018
Federal regulators sued the Greeley, Colo.-based trucking firm JBS Carriers, alleging it violated federal law by using pre-employment screening to reject job applicants on the basis of disability. JBS Carriers spokeswoman Misty Barnes tells The Tribune in Greeley it disputes ………
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10/03/2018
Marsh announced that it is developing the first blockchain-based verification solution for clients in the fast-growing sharing and gig economies. Working in collaboration with Evident, a data security platform that allows businesses to run comprehensive, accurate verifications without handling sensi…
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10/03/2018
Ralph Waldo Emerson, essayist, poet and philosopher……
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10/03/2018
Facebook’s latest data breach, which the company said affected 50 million users, prompted Sonos to remove all of its ads from -More- ……
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10/03/2018
The insurance industry is developing models that more accurately reflect the effects of climate change, which is leading the -More- ……
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10/03/2018
A Florida law that became effective on Monday enables law-enforcement officers, firefighters, paramedics and emergency medica -More- ……
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10/03/2018
Autonomous vehicles and other technology will soon transform the transportation industry, and the US Transportation Departmen -More- ……
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10/03/2018
Tim Berners-Lee, inventor of the World Wide Web, has launched a startup with MIT called Solid, an open-source project that gi -More- ……
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10/03/2018
The Federal Emergency Management Agency has removed noncompete clauses for private insurers participating in the Write Your O -More- ……
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10/03/2018
An EF2 tornado that touched down in northwestern Pennsylvania on Tuesday had a top wind speed of 115 mph, according to the Na -More- ……
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10/03/2018
People affected by Hurricane Florence need to beware contractors who offer unsolicited repairs and contact the Better Busines -More- ……
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10/03/2018
The remnants of Hurricane Rosa left drivers stranded on flooded roads in Phoenix after the storm struck Mexico, where at leas -More- ……
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10/03/2018
Jurors weighing claims that Johnson & Johnson’s iconic baby powder is laced with cancer-causing asbestos failed in a second case in two weeks to reach a verdict, resulting in another mistrial. The latest case was brought by a retired computer ………
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10/03/2018
Marsh, a global provider of insurance broking and risk management services, has made two senior leadership appointments within Marsh Captive Solutions. Effective January 1, 2019, Julie Boucher will assume direct leadership of Marsh’s Bermuda, Cayman and Barbados captive offices in ………
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10/03/2018
U.S. Congress is taking the first steps toward setting national rules governing how companies use consumers data – although one of its goals might be to prevent states from enacting stronger privacy protections of their own. The approach being pondered ………
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10/03/2018
With automotive officials estimating that as many as 40,000 vehicles were damaged by flooding from Hurricane Florence, the Pennsylvania Insurance Department and the Pennsylvania Department of Transportation (PennDOT) are warning consumers to be on the lookout for flood-damaged cars being ………
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10/03/2018
A ReinaissanceRe shareholder’s call for the company to explore a possible sale is drawing a non-committal response from management. TimesSquare Capital Management, an institutional management firm and RenaissanceRe investor since 2008, wrote RenaissanceRe CEO Kevin O’Donnell on Sept. 7 w…
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10/03/2018
The driver of a charter bus that fatally struck an investment banker riding a Citi Bike in Manhattan last year, marking the first death involving the city’s bike-share program, was found guilty of failing to yield the right of way, ………
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10/03/2018
A car explosion that rocked downtown Allentown, Penn., left three males dead, including the likely “perpetrator,” officials said Sunday as federal authorities who are leading the investigation looked ahead to autopsies. “We know there’s been a criminal incident,” Distri…
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10/03/2018
KPMG expects Britain to ignore calls to loosen banking rules after Brexit and said in a report on Wednesday it may even become tougher with measures to protect consumers and defend its financial stability from cyber attacks. Britain’s regulators are ………
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10/03/2018
Starr Insurance Cos. announced the appointment of Joost Vink as head of Europe. He will be responsible for the profitable growth of all European operations except the United Kingdom. Vink joins the company from HDI Global where he was managing ………
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10/03/2018
Eos Venture Partners’ strategic insurtech fund has made its first two investments. The UK-based specialist venture capital fund, working through its debut EVP 1 fund, committed early financing to Concirrus, a marine insurance analytics platform and Digital Fineprint (DFP) which ………
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10/03/2018
Iran is developing a range of new financial products, from Islamic bonds to warrants and insurance-linked securities, in an effort to give local firms more funding options as sanctions put pressure on the economy. The Iranian rial has plunged 70 ………
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10/03/2018
Don’t expect Intact Financial Corp., Canada’s largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. “It’s not seen as the pot of gold that we should chase after,” Chief Financial Officer Louis Marcotte said Tuesday at the R…
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10/02/2018
Sompo International, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced it has launched a Global Risk Control Services function within its insurance business. Under the leadership of Victor Sordillo, senior vice president, Risk Control, the team …….
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10/02/2018
Starr Insurance Cos. announced the opening of a new office in Oslo, Norway, effective October 1, 2018. The Oslo office will add to Starr’s significant presence in Europe. The office will initially focus on general aviation but Starr expects to ………
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10/02/2018
A division of Greenlight Capital Re has invested in a blockchain-related business based in Hong-Kong. The Cayman Islands-headquartered property/casualty specialist reinsurer said it pursued a strategic investment in Galileo Platforms through its Greenlight Re Innovations arm. Greenlight Re did not &…
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10/02/2018
Many reinsurance executives have been left scratching their heads in surprise after last year’s natural catastrophes, which cost a whopping $100 billion but ended up having very little impact on rates. The insurance and reinsurance market isn’t behaving as it ………
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10/02/2018
About 57 million, or 25 percent, of Americans own a side business that is not their primary source of income. The majority of the owners of side businesses surveyed have full-time jobs. About half of side business owners surveyed dedicate ………
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10/02/2018
A firm that wants to make a name for itself as the first parametric insurtech in the U.S. for earthquakes has officially launched in California, over a year after its anticipated original launch date. Jumpstart Insurance Solutions Inc., a licensed ………
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10/02/2018
American Traditions Insurance Co. (ATIC) has launched a renters (HO4) product in the Florida marketplace. The HO4 product will be available through independent agents currently participating with the carrier. The renters program expands the company’s suite of insurance products that ………
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10/02/2018
A former Mississippi basketball coach is suing over his dismissal claiming age discrimination. The Sun Herald reported Thursday former Long Beach High School coach Joel Boone field a lawsuit against the school district in Gulfport federal court. Boone is in ………
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10/02/2018
Financial technology startup Credit Karma said on Tuesday it is expanding into insurance through a new service that makes it easier for users to find cheaper auto insurance policies. The tool generates suggestions by analyzing government information on drivers and ………
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10/02/2018
Wells Fargo & Co. has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday. “We are not comfortable where we are with ………
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10/02/2018
Workers’ compensation rates will soon be less expensive for businesses in West Virginia. According to West Virginia Insurance Commissioner Allan McVey, a filing for a 13 percent decrease in voluntary market loss costs by the National Council on Compensation Insurance ………
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10/02/2018
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting comment on the proposed Fiscal Year 2019 Research Agenda of the Workers’ Compensation Research and Evaluation Group (REG). Texas Labor Code §405.0026 requires the REG to publish a ………
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10/02/2018
Multiple injuries were reported Saturday when a school bus carrying students from Oklahoma rolled over along a central Texas highway. Lampasas Police Department Assistant Chief Jody Cummings said the crash occurred about 3:18 p.m. near Lampasas, about 61 miles (98 ………
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10/02/2018
Social media caused confusion during evacuation efforts following a refinery explosion and fire in Wisconsin, according to a report. Douglas County has created an 18-page report examining the emergency response to the Husky Energy refinery fire in April, Wisconsin Public ………
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10/02/2018
St. Louis, Missouri-based POWERS Insurance and Risk has hired Shari Smith as commercial lines account manager. Smith will be responsible for the ongoing management of commercial clients, retaining new and renewal clients, and assisting the company’s producers in order to ………
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10/02/2018
A landlocked surf resort in Central Texas closed on Sept. 23 after a man who visited died from what is commonly known to as a “brain-eating amoeba.” The Waco Tribune-Herald reports Centers for Disease Control and Prevention is testing BSR ………
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10/02/2018
BusinessFirst Insurance Co. has received all regulatory approvals from the Indiana Department of Insurance to begin offering workers’ compensation insurance coverage in the that state, the company announced. Appointed agents may quote Indiana business with BusinessFirst for policies with effec…
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10/02/2018
A letter signed by 20 state legislators was sent to Texas Insurance Commissioner Kent Sullivan requesting that the state not -More- ……
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10/02/2018
Emergency loans with no payments and no interest for the first six months are available for businesses affected by the Sept. -More- ……
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10/02/2018
Vehicle subscriptions through leases and swaps are becoming more popular, and insurers are adapting to the industry-specific -More- ……
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10/02/2018
The National Oceanic and Atmospheric Administration has found that 100-year rain events are happening more frequently in part -More- ……
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10/02/2018
Tropical Storm Rosa, downgraded today to a tropical depression, is forecast to release heavy rain on the Southwest US and Baj -More- ……
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10/02/2018
Better outreach could help attract millennials to the insurance industry. -More- ……
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10/02/2018
Dennis Dickey, an agent with the Border Patrol, has agreed to pay $220,000 in restitution over five years for accidentally st -More- ……
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10/02/2018
Tropical Storm Leslie is predicted to become a hurricane this week but stay in the Atlantic Ocean and away from land, meteoro -More- ……
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10/02/2018
For years, Spyros Panos seemed like a successful orthopedic surgeon, seeing dozens of patients a day and bringing in millions of dollars in fees for his suburban New York medical group. In fact, he was inflating charges and billing for ………
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10/02/2018
Everest Insurance has named Larry Collura director of marketing and distribution for the West region. He comes from Worldwide Facilities where he was most recently a business development manager in Phoenix, Ariz. He was also with Swett & Crawford as ………
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10/02/2018
For users, Facebook’s revelation of a data breach that gave attackers access to 50 million accounts raises an important question: What happens next? For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, ………
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10/02/2018
IAT Insurance Group, a Raleigh, N.C.-headquartered provider of specialty property and casualty products, has finalized its acquisition of Newark, N.J.-headquartered IFIC Surety Group Inc. IFIC consists of International Fidelity Insurance Company and its subsidiary Allegheny Casualty Insurance Compan…
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10/02/2018
Officials say 12 buildings have to be torn down after two weekend fires devastated an Albany, N.Y., neighborhood. The Times Union reports the first fire broke out around 3:30 a.m. Sunday, and the second fire was reported about a mile ………
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10/02/2018
Cooley is expanding its global insurance and insurtech leadership with the election of Heidi Lawson to the partnership. Based in Boston, Mass., Lawson arrived at Cooley in April as of counsel. Formerly an insurance partner and co-chair of the insurance, ………
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10/02/2018
Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired the assets of Draco Insurance Solutions Inc., a Boston, Mass.-based program manager specializing in the public transportation sector. The Draco team, led by Executive ……
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10/02/2018
A woman who says she went blind after doctors at a New York City hospital failed to diagnose her glaucoma has won $15 million in a malpractice lawsuit. The Daily News reports that a jury in Brooklyn awarded the money ………
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10/02/2018
Lloyd’s is set to get into Canada’s newly legalized cannabis market when recreational marijuana becomes legal there on Oct. 17, according to Hank Watkins, president of Lloyd’s America Inc. Watkins was speaking today at the 2018 Insurance Forum, an annual ………
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10/02/2018
The Idaho Department of Insurance has proved a 4.2 percent drop in workers’ compensation insurance rates effective Jan. 1, 2019. The proposed rate change comes from the National Council on Compensation Insurance, and is a function of declining claim costs, ………
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10/01/2018
Brit Ltd. announced that Mark Cloutier will step down from his role as executive chairman of Brit in December 2018. Following his departure, Cloutier will take up a role with an affiliate of Apollo Global Management, LLC, working as a ………
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10/01/2018
Chris O’Kane, group chief executive of Aspen Insurance Holdings, issued the following statement to employees that he will step down from his position when Apollo Global Management completes its purchase of Aspen in the first half of 2019. The statement ………
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10/01/2018
An influx of new business is presenting surplus lines wholesalers and their retail partners with new opportunities to work together even as other forces are changing how they work together. The surplus lines insurance market continues to grow, not because ………
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10/01/2018
One of Nationwide’s commercial insurance policyholders is realizing the benefits of venture-capital investment that the insurer made in a telematics startup and a pilot program that is reducing risky driving behaviors by 70 percent. The policyholder, HASC Center, a nonprofit ………
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10/01/2018
Most insurance organizations have historically built strategic plans around a few core tenets: 1) increasing sales (market share and growth); 2) improving acquisition or retention; 3) increased persistency; and 4) increasing effectiveness and efficiencies (less cost). These plans always had …….
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10/01/2018
Calabasas, Calif.-based Topa Insurance Group has named Delaney O’Brien director of marketing and communications. O’Brien will develop strategies to enhance Topa Insurance’s public image and cultivate relationships with members of the industry and the media. O’Brien started at…
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10/01/2018
West Virginia University says it has banned five fraternities from campus for at least 10 years. The Charleston Gazette-Mail reports Alpha Sigma Phi, Kappa Alpha Order, Phi Sigma Kappa, Sigma Chi and Theta Chi can no longer participate in school ………
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10/01/2018
Two recent decisions from the Florida Supreme Court that reversed rulings by the same District Court of Appeal will have a serious impact on the insurance industry. The consequential rulings came on Sept. 20, 2018 in the cases of Harvey ………
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10/01/2018
National wholesale insurance brokerage and managing general agent Worldwide Facilities has partnered with Petro Guardian, a lightning and static protection installation service provider for oil and gas facilities, to introduce Enlightning – an exclusive program to reduce the risk of ………
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10/01/2018
John Canonico, owner of Brightway, Oviedo-Winter Springs in Oviedo, Fla., a Brightway Insurance Agency owner for the past six years, has teamed up with his son, Michael Canonico, to open Brightway, The James Island Agency in Charleston, S.C. John Canonico ………
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10/01/2018
Kin Insurance, an insurtech startup offering insurance for homeowners, has expanded into Georgia. Kin uses big data analysis to help simplify the process of obtaining homeowners insurance. Kin aggregates data from public and private sources (e.g., real estate listings and ………
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10/01/2018
Verisk is now offering customers free access to Geomni’s high-resolution aerial imagery following major loss events. Geomni is a Verisk business. Geomni will provide online access to before-and-after imagery of structures and properties inside the catastrophe area. This will enable ………
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10/01/2018
More than 20 state legislators have signed a letter addressed to Texas Insurance Commissioner Kent Sullivan requesting that a 10 percent rate increase filed by the state’s property insurer of last resort for wind and hail along the Texas coast ………
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10/01/2018
Apple Inc. persuaded a federal appeals court on Sept. 28 to throw out a $234 million damages award in favor of the University of Wisconsin-Madison’s patent licensing arm for infringing a patent on computer processing technology. In a 3-0 decision, ………
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10/01/2018
Hurricane Florence made landfall more than two weeks ago, and the storm’s effects are still being felt as flooding continues -More- ……
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10/01/2018
Facebook has fixed a security breach that affected 50 million accounts, including those of CEO Mark Zuckerberg and Chief Oper -More- ……
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10/01/2018
Last week’s flash flooding in northern Alabama left people stranded in vehicles and homes and led to evacuations from a mobil -More- ……
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10/01/2018
Insurers’ capital increased to $4.5 trillion worldwide in the first half of 2017, even as the full year brought a record $353 -More- ……
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10/01/2018
A report that Zurich Insurance Group released at Climate Week NYC offers resources for managing climate-related risk. -More- ……
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10/01/2018
Rosa has been downgraded to a tropical storm in the Pacific Ocean, but it is still expected to drop as much as 10 inches of r -More- ……
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10/01/2018
The results of the 2018 Chubb Cyber Risk Survey indicate that almost 90% of people understand that their personal data are vu -More- ……
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10/01/2018
Fannie Mae and Freddie Mac account for $205 billion in uninsured earthquake risk, R Street Institute says in a report that su -More- ……
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10/01/2018
10/01/2018
Parents of a former Boise charter school student are suing the school, claiming administrators created a hostile environment by failing to adequately respond after their daughter reported she had been sexually assaulted by another student. The Idaho Press reports the ………
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10/01/2018
Colorado’s top federal prosecutor says his office may take legal action against licensed marijuana businesses that violate state law or use their status under state law “as a shield” while selling their product on the black market. U.S. Attorney Bob ………
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10/01/2018
A Los Angeles man has been fined $550 and ordered to pay restitution for riding an electric scooter while intoxicated and knocking over a 64-year-old pedestrian on a sidewalk. The L.A. City Attorney’s Office said the prosecution of 28-year-old Nicholas ………
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10/01/2018
California grocery outlet, PAQ Inc., dba Rancho San Miguel Market, violated federal law when it fired a deli clerk after she requested an accommodation for a disability, the U.S. Equal Employment Opportunity Commission announced in a lawsuit. According to the ………
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10/01/2018
About $20,000 worth of tools has been stolen from a Habitat for Humanity home under construction in Rhode Island. The organization’s fundraising director says locks were broken on a construction trailer at the site in Exeter between last Monday evening ………
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10/01/2018
News about insurtechs happens almost every day. This week, innovation and insurtech will be on the minds of many as an estimated 6,000 insurance professionals and entrepreneurs meet in Las Vegas for the InsureTech Connect Conference. Before the news from ………
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10/01/2018
The Professional Insurance Agents of New Hampshire Inc. (PIANH) has announced its officers for 2018-2019 at its annual meeting during the PIANH Symposium18, held at the 100 Club in Portsmouth, N.H. Lyle W. Fulkerson of Amherst, N.H., was elected president. ………
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10/01/2018
A $1 million emergency loan fund has been set up for Massachusetts businesses directly impacted by a series of natural gas explosions and fires. Republican Gov. Charlie Baker and officials from Lawrence, Andover and North Andover announced the fund on ………
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10/01/2018
The cost to insure debt holdings in electric carmaker Tesla Inc. rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of ………
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10/01/2018
The National Weather Service issued flash flood watches for parts of four states in the Southwest for late Monday and Tuesday. Areas covered by watches due to what the weather service’s Las Vegas office calls “abundant tropical moisture from Hurricane ………
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10/01/2018
The rapper Nelly has agreed to settle a lawsuit filed in Washington by a woman who alleges that he raped her on his tour bus then defamed her when he claimed she made up the accusation. The Seattle Times reported ………
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10/01/2018
Australian Prime Minister Scott Morrison said on Sunday it was up to the country’s financial regulator to prosecute bankers following the release of a scathing report which found some institutions had pursued profit at the expense of honesty. In almost ………
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10/01/2018
Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank from a “foreseeable” cyber attack two years ago. The Financial Conduct Authority said that in November 2016 cyber attackers exploited ………
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10/01/2018
Guy Carpenter & Co. announced the appointment of Siobhan O’Brien as head of the Cyber Centre of Excellence for International and Global Specialties, with effect from Oct. 1. Based in London, O’Brien will lead the International Cyber Centre of Excellence ………
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10/01/2018
Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. In early September, a seawall at ………
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10/01/2018
Insurer market power matters in hospital pricing. Patients with automobile, workers’ compensation, and other non-conventional commercial insurance plans paid much higher prices than patients with HMO/PPO health insurance coverage for hospital services in Florida, new research confirms. A new J…
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9/30/2018
The city of St. Paul, Minnesota, has agreed to pay $520,000 to a woman who was attacked by a police dog last year as she was taking out her trash, one of her attorneys said. The decision to pay Desiree ………
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9/30/2018
Decades of additional weather data have led federal officials to reconsider rainfall totals in Texas that define 100-year weather events and caution that extreme rainstorms will strike the state more frequently. The National Oceanic and Atmospheric Administration on Sept. 27 ………
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9/30/2018
Federal Emergency Management Agency officials are touring Wisconsin to assess damage in communities that were hit by flooding and tornadoes in August. Five FEMA teams are assessing damage to public infrastructure and homes in order to determine whether Wisconsin qualifies ………
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9/30/2018
Business that use artificial intelligence, drones, robotics, wearable sensors or other connective technologies can increase their chance of being a cyber attack victim because these technologies give cyber criminals new access points into a company’s IT infrastructure if not properly ……..
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9/30/2018
A high-profile settlement with Tesla Inc. Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. In the last week, the SEC ………
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9/30/2018
Harvard, the nation’s oldest university, must go to trial to defend a lawsuit claiming it discriminates against Asian-American applicants. A Boston federal judge’s rejection Friday of requests by both sides for a win before trial sets up a final showdown ………
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9/30/2018
Twenty individuals were arrested in Florida in a workers’ compensation insurance fraud sting operation involving unlicensed contractors in Pasco County in “Operation Hot Water,” according to a statement from Florida Chief Financial Officer (CFO) Jimmy Patronis on Sept. 27. The R…
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9/30/2018
Hurricane Florence’s floodwaters were expected to reach their final peak before heading into the Atlantic Ocean on Saturday and weren’t as high as once feared in parts of South Carolina. The Waccamaw River was expected to crest at record levels ………
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9/30/2018
Investigators say a Wednesday fire at a northeast Mississippi furniture plant was arson. Pontotoc Police Chief Randy Tutor told local news outlets Friday that officers worked with the state Fire Marshal and the U.S. Bureau of Alcohol Tobacco and Firearms ………
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9/30/2018
Maximum, an independent excess and surplus lines wholesaler, has opened its second office in Florida which will be run under the the leadership of Anthony Searcy. The new office will be based in Jacksonville. With roots of his own in ………
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9/30/2018
The death toll from a 7.5 magnitude earthquake and tsunami that hit Indonesia’s island of Sulawesi climbed to more than 800, with casualties expected to reach into the thousands as authorities try to reach those trapped under collapsed buildings. Local ………
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9/30/2018
Typhoon Trami is bringing Tokyo to a halt. East Japan Railway Co. suspended all train service in the Japanese capital on Sunday in preparation for the storm, which is hammering the southwest of the country. Flights were canceled at major ………
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9/30/2018
Britain’s decision to leave the European Union has cost the government 500 million pounds ($650 million) a week, wiping out for the moment any future savings from stopping payments to the bloc, according to a study published on Sunday. The ………
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9/30/2018
A tax overhaul task force is looking into whether Arkansas should change two tax credits authorized for insurance companies that cost the state about $77 million a year. Members of the Tax Reform and Relief Legislative Task Force on Sept. ………
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9/30/2018
Facebook Inc. said on Friday that hackers stole digital login codes allowing them to take over nearly 50 million user accounts in its worst security breach ever given the unprecedented level of potential access, adding to what has been a ………
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9/28/2018
Australia’s big banks and wealth managers pursued profit ahead of their customers’ interests and viewed regulatory compliance as a cost rather than a guide to proper conduct, a scathing interim report from a commission of inquiry said on Friday. Australia’s ………
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9/28/2018
AXA XL Canada has added Jonathan Ashall to its Broker & Client Management team. Ashall is based in Toronto and reports to Urs Uhlmann, CEO and country manager AXA XL Canada. Ashall joins AXA XL from Aon Reed Stenhouse where ………
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9/28/2018
Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and medium-size enterprise (SME) clients. According to Annamaria Landaverde, vice president…
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9/28/2018
The last community in the way of Hurricane Florence’s floodwaters as they slowly flow to the sea got some good news Wednesday – the predictions aren’t as dire as they once were. And it appears the Waccamaw River won’t top ………
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9/28/2018
A Texas company that does business as a McDonald’s franchise has been sued over the alleged sexual harassment of four females in the workplace. The U.S. Equal Employment Opportunity Commission (EEOC) has alleged in a lawsuit that Credle Enterprises LLC, ………
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9/28/2018
A Chicago insurance agent has pleaded guilty to failing to pay federal and state taxes on more than $4.7 million in income earned over a decade, according to federal prosecutors. The office of the United States Attorney for the Northern ………
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9/28/2018
California Gov. Jerry Brown has signed a bill into law peace officers can file a claim for workers’ compensation if injured or killed while in the line of duty while out of state. Brown signed Assembly Bill 1749 into law. ………
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9/28/2018
The family of an 86-year-old woman who died following a fall is suing a nursing home for $1.27 million. The Statesman-Journal reported the wrongful death lawsuit, filed this week in Marion County Circuit Court, accuses the staff at Avamere Court ………
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9/28/2018
A second beam in San Francisco’s celebrated new $2 billion transit terminal shows signs of cracking, an official said Wednesday, a day after a crack in a nearby support beam shut down the building that opened just last month. The ………
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9/28/2018
A federal judge has dismissed a whistleblower lawsuit after a settlement was reached with the Montana hospital accused of paying some of its physicians at above-market rates in exchange for patient referrals to in-house services. The Daily Inter Lake reported ………
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9/28/2018
Connecticut was cleaning up after a storm dumped more than eight inches of rain on parts of the state, causing floods that washed away roads and bridges and trapped people in their vehicles. Schools in East Haddam and Lebanon were ………
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9/28/2018
Massachusetts regulators are calling for an outside review of the state’s natural gas distribution system in the wake of gas explosions and fires that affected three communities earlier this month. The Department of Public Utilities said Wednesday it would name ………
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9/28/2018
PCI and other groups remain concerned about the potential for US tariffs to affect the cost of home and automobile insurance. -More- ……
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9/28/2018
Artificial intelligence company Darktrace, which is based in England and San Francisco, has raised funds to expand and shift -More- ……
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9/28/2018
California has streamlined the process for independent insurance adjusters to obtain licenses by implementing a Universal Cla -More- ……
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9/28/2018
The US government has failed to take adequate cybersecurity actions despite recommendations, the Government Accountability Of -More- ……
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9/28/2018
Most Puerto Rican businesses suffered losses from Hurricane Maria and were not fully covered, despite the majority having ins -More- ……
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9/28/2018
Tropical Storm Kirk is expected to bring heavy rain and flooding to the eastern Caribbean, while Hurricane Rosa is a Category -More- ……
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9/28/2018
Mitchell International, a San Diego, Calif.-headquartered provider of technology, connectivity and information to the property and casualty insurance and collision repair industries, and Genex, a provider of clinical solutions to the workers’ compensation, auto and disability insurance markets…
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9/28/2018
Frenkel & Company, an EPIC Company, has hired Joseph Ferber as a principal in New York. Ferber will report to Phil Remig, Northeast region senior vice president of Operations and Sales. In his new role, Ferber will be responsible for ………
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9/28/2018
Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this ………
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9/28/2018
Everest Insurance announced that Mike Karmilowicz has been promoted to president of Everest Specialty Underwriters and Dave Sandler has been promoted to president of its Risk Management Group. Karmilowicz joined Everest Insurance in 2015 from Zurich. He previously also worked ………
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9/28/2018
It’s billed as the “world’s largest gathering of insurance leaders and innovators.” So, of course, as an insurance leader and/or innovator you will be one of the 6,000 attendees at the ITC”the InsureTech Connect Conference at MGM Grand in Las ………
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9/28/2018
Britain’s competition regulator said it would investigate concerns by customers of mobile, broadband, home insurance, mortgages and savings providers that they are being “ripped off” after charity Citizens Advice made a super complaint. Citizens Advice said on Friday that overcharg…
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9/27/2018
Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on Thursday. “Zurich has earmarked Asia Pacific to be ………
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9/27/2018
It’s billed as the “world’s largest gathering of insurance leaders and innovators.” So, of course, as an insurance leader and/or innovator you will be one of the 6,000 attendees at the ITC”the Insurtech Connect Conference at MGM Grand in Las ………
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9/27/2018
Most British firms are unprepared for Brexit, but a fifth plan to move all or some of their business to the European Union in the event the U.K. fails to reach a deal with the bloc, according to one of ………
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9/27/2018
Springfield Public Schools in Missouri has agreed to pay $423,106 to a settle a lawsuit alleging that a teen was critically injured in a mud pit because staff failed to properly supervise students at a back-to-school event. The Springfield News-Leader ………
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9/27/2018
Texas is one of three states in which a new property/casualty insurance company plans its initial roll out. In addition to Texas, Florida-based Journey Insurance Co., formed by United Insurance Holdings Corp. (UPC Insurance) in partnership with Tokio Marine Kiln, ………
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9/27/2018
Harris County has earmarked $14.5 million for updated flood plain maps more than a year after deluges from Hurricane Harvey swamped parts of Houston. The Houston Chronicle reports commissioners accepted $6.5 million in Federal Emergency Management Agency funds. The county ………
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9/27/2018
Westfield Center, Ohio-based property/casualty insurer, Westfield, has named Robyn Hahn as president of its Small Business unit. Hahn more than 25 years of diverse experience in the insurance industry and has held senior leadership roles at national and international insurance ………
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9/27/2018
Shortly after last year’s shooting massacre on the Las Vegas strip, Ohio Gov. John Kasich convened a panel to explore possible reforms to state gun laws. A Republican, Kasich wanted to be sure its members clearly supported the Second Amendment. ………
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9/27/2018
The Wild West days of unregulated recreational drones may be nearing an end. A bill close to passage in Congress would repeal the current exemption for hobbyists from regulations and for the first time require them to take a test ………
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9/27/2018
MoviePass. Consumers love it, consumers hate it. Savior of the movie theater, destroyer of the movie theater. It’s one of the most hotly-debated companies of the past five years, particularly as industry analysts try to dissect the business – as ………
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9/27/2018
Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year’s Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, according to a Federal Reserve report on ………
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9/27/2018
A Tennessee jury has awarded $7,500 for each body at issue in a class-action lawsuit against several funeral homes and a now-closed cemetery where hundreds of bodies were mishandled. The Commercial Appeal reports the jury’s decision was rendered Tuesday, a ………
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9/27/2018
A federal appellate panel on Monday overturned an order that would have required the nation’s largest public utility to unearth and remove a massive amount of coal ash at one of its Tennessee power plants. In a 2-1 decision, the ………
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9/27/2018
Flash floods trapped people in homes and vehicles in north Alabama on Wednesday, as heavy rain in Mississippi caused flash flooding that inundated about 100 homes and 25 businesses and one person died and emergency shelters were opened after heavy ………
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9/27/2018
The Texas Department of Insurance will hold a public hearing on Oct. 8 on the recent rate increase request by the state’s property insurer of last resort for wind and hail along the Texas coast. In August, the Texas Windstorm ………
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9/27/2018
AXIS Insurance, the insurance business segment of AXIS Capital Holdings Ltd., announced that Paul Cullum has been appointed to the newly created role of head of Business Development for AXIS Insurance International Division. Cullum will be responsible for helping to ………
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9/27/2018
The parent company for Ohio’s Cedar Point amusement park has been fined over $140,000 for safety violations. The Blade reports the $142,270 fine by the Occupational Safety and Health Administration stems from an April 11 incident where an employee was ………
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9/27/2018
National wholesale insurance brokerage and managing general agent, Worldwide Facilities, is teaming up with Petro Guardian, a turnkey lightning and static protection installation service provider for oil and gas facilities, on Enlightning, an exclusive program to reduce the risk of ………
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9/27/2018
Virtual claims technology firm Snapsheet has appointed insurance industry veteran Jamie Yoder as president. Yoder will lead activities across Snapsheet’s business lines, including virtual appraisals, fleet and rental management, Snapsheet Transactions and digital engagement and claims manageme…
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9/27/2018
A member of the Arizona Corporation Commission is calling for the state’s natural gas operators to review the safety of their pipelines. Commissioner Andy Tobin said this week that he called an emergency meeting with Southwest Gas and Kinder Morgan. ………
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9/27/2018
San Francisco’s financial district, usually jammed with traffic during Salesforce.com Inc.’s annual Dreamforce conference, has been thrown into chaos after a new transportation terminal, named for the software company, was closed through next week. Authorities found cracks in two steel &…
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9/27/2018
Research indicates that drivers show “a concerning lack of awareness” of the actual capabilities of advanced vehicle-safety t -More- ……
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9/27/2018
Uber will pay $148 million to 50 states and Washington, D.C. for failing to reveal a 2016 data breach. -More- ……
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9/27/2018
A study by SAP Fieldglass and Oxford Economics found that 43% of insurers’ workforce spending goes toward external workers an -More- ……
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9/27/2018
A report from MarketsandMarkets predicts that cybersecurity spending will double to $248.26 billion by 2023. -More- ……
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9/27/2018
Three confirmed tornadoes hit Michigan’s Monroe and Wayne counties and damaged homes on Tuesday night, and another damaged ho -More- ……
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9/27/2018
Former Hurricane Florence generated flooding that has damaged thousands of vehicles in North Carolina, many of which are beyo -More- ……
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9/27/2018
More than 40 homes have been destroyed by a wildfire in Wyoming. -More- ……
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9/27/2018
Frenkel Benefits, an EPIC Company, has hired Nicholas Tunno as a principal in New York. Tunno will report to Phil Remig, Northeast region senior vice president of Operations and Sales. Tunno joins from the New York office of Marsh & ………
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9/27/2018
New Haven and Hartford, Conn., lead the state in distracted driving accidents, according to a new study. The Travelers Institute and the Connecticut Safety Research Center say between 2015 and the first half of 2018 there were 1,392 crashes caused ………
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9/27/2018
Insurance broker Marsh is expanding its collaboration with IBM to provide clients with access to the industry’s first commercial blockchain product for proof of insurance through the Salesforce customer management platform. Blockchain technology promises to automate and streamline the proof &#…
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9/27/2018
Officials say more than 70 buildings have been damaged or destroyed during a storm that spawned at least 10 tornadoes in Virginia from the remnants of Hurricane Florence. The Richmond Times-Dispatch reports Chesterfield County was hit hardest Sept. 17, with ………
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9/27/2018
Uber Technologies Inc. will pay $148 million for failing to disclose a massive data breach in 2016, marking a costly resolution to one of the biggest embarrassments and legal tangles the ride-hailing company has suffered. The settlement with 50 U.S. ………
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9/27/2018
A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. The closely ………
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9/27/2018
Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most prominently the $1 billion that it poured into Southeast ………
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9/27/2018
Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), a solution designed to help businesses across the globe provide financial support to individuals affected by a terrorist attack on a company’s premises or owned ………
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9/27/2018
Stone Creek Insurance Agency is expanding its Spokane, Wash. presence with the addition of four new employees. San Francisco Bay Area-based Stone Creek launched its Spokane office in February. Charles Hook has been named personal lines account manager. He has ………
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9/27/2018
AXIS Specialty UK Holdings Ltd. announced it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” The training is offered through the AXIS Cyber Center of Excellence, a global resource that provides mentorship, ………
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9/27/2018
Businesses should prepare for the physical consequences of a warming planet, according to a new report out from Zurich Insurance Group. The report, “Managing the impacts of climate change: risk management responses,” was published at the start of Climate Week ………
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9/27/2018
Climate-related disclosure is becoming mainstream as more firms support and align their financial reporting to recommendations by a global task force though few disclose the financial impact on the company, a survey shows. The Task Force on Climate-Related Financial Disclosures ………
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9/26/2018
The Global Insurance Accelerator (GIA) has begun a search for a new managing director. Brian Hemesath, the current managing director who has taken GIA from concept to a leadership role in insurtech, will become alumni advocate and entrepreneur-in-residence, working in ………
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9/26/2018
As the Trump Administration continues to slap tariffs onto various consumer products, property/casualty insurers are increasingly concerned how some of these actions will affect the cost of auto and home insurance. Auto parts tariffs have drawn the most industry attention. ………
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9/26/2018
After several years of tests, Walmart Inc. is ready to mandate use of blockchain technology by a swath of its U.S. suppliers, marking one of its biggest commercial uses. Starting in September 2019, Walmart and its Sam’s Club division will ………
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9/26/2018
California Insurance Commissioner Dave Jones announced on Wednesday he had approved a Universal Claims Certification program from Claims and Litigation Management Alliance designed to streamline the licensing process for independent insurance adjusters. The UCC makes the process of licensing indepen…
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9/26/2018
One person is dead following an explosion at a chemical plant in north Alabama. Arab Fire Chief Ricky Phillips tells WHNT-TV that a contract worker died in a blast that happened Tuesday at Umicore Specialty Chemicals in Arab. The explosion ………
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9/26/2018
United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln. The new property and casualty insurer will initially focus on offering homeowners and commercial residential property ………
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9/26/2018
Hurricane Florence was the nation’s second rainiest storm in 70 years, a top rainfall meteorologist calculated. Only last year’s Hurricane Harvey rained more over a 14,000 square mile (36,260 square kilometers) area during a four-day time period, said Ken Kunkel, ………
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9/26/2018
Fire officials say a Florida auto shop erupted in flames when a vehicle crashed into it. Tampa Fire Rescue reports multiple people called 911 early Saturday morning to report the fire at a Havoline Express Lube shop. The Tampa Bay ………
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9/26/2018
Charlotte, N.C.-based AmWINS Group, Inc., a global distributor of specialty insurance products and services, has appointed Kristin L. Downey as chief administrative officer, effective immediately. Downey will be responsible for leading the firm’s human resources, training & development, ma…
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9/26/2018
Fatal drug overdoses increased to a record 4,854 last year in Ohio, a 20 percent rise compared with the previous year, according to information reported to the state. Data on unintentional drug deaths provided to the Ohio Department of Health ………
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9/26/2018
A San Antonio-based hospital system has been sued for allegedly discriminating against a pregnant employee when it fired her after denying her request for light duty accommodation for her pregnancy-related medical restrictions, the U.S. Equal Employment Opportunity Commission (EEOC) reported. ……
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9/26/2018
Louisiana State Police say a construction crane working to widen Interstate 10 collapsed onto an SUV, injuring the driver. Trooper Thomas Gossen says the driver’s injuries were moderate. The accident occurred before 8:30 a.m. Tuesday on westbound Interstate 10 near ………
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9/26/2018
A wrongful death lawsuit accusing an Ohio school district of denying and covering up bullying of an 8-year-old boy who killed himself will be allowed to proceed. A federal judge on Sept. 24 denied Cincinnati Public Schools’ request to dismiss ………
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9/26/2018
Brown & Riding has added Harrison Scheider as an environmental specialty broker. Scheider works out of Brown & Riding’s Denver, Colo. office. He primarily handles accounts in Colorado, New Mexico, Wyoming, Wisconsin, and Florida, but is licensed and able to ………
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9/26/2018
A Minnesota construction contractor has been charged with labor trafficking, insurance fraud and theft by swindle for using undocumented workers on his construction crews and threatening to have them deported unless they followed his orders, including working long hours without ………
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9/26/2018
Southeast Texas city has been ordered to pay nearly $15 million to a fired contractor that was overseeing some federally funded housing recovery after Hurricane Ike hit in 2008. The Galveston County Daily News reports jurors on Sept. 25 decided ………
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9/26/2018
A Portland, Ore. rental management company has agreed to pay $105,000 to settle a lawsuit filed by an ex-tenant who claimed she endured deplorable living conditions. The Oregonian/OregonLive reported the settlement came from A&G Management after they had sent a ………
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9/26/2018
The specialty insurer Navigators Group announced the expiration of a 30-day “go-shop” period provided for under the terms of its merger agreement with The Hartford Financial Services Group. Navigators said it received no other offers during the period, despite having ………
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9/26/2018
The soggy remnants of Florence keep causing chaos in coastal South Carolina long after the hurricane swirled ashore, with rivers still flowing far beyond their banks and a new storm gathering more rain just offshore. Authorities urged up to 8,000 ………
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9/26/2018
Despite more marijuana licenses available from the state, parts of rural Nevada continue to shun the business. But in other parts of rural Nevada, seeds of industry might be sprouting. Las Vegas dispensary Acres Cannabis has a dispensary under development ………
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9/26/2018
9/26/2018
Pedestrian deaths increased 46% from 2009 to 2016 with nearly 6,000 fatalities, prompting the National Transportation Safety -More- ……
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9/26/2018
The Senate could vote on a bill this week that would put cybersecurity concerns in the hands of the Homeland Security Departm -More- ……
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9/26/2018
Connecticut’s high court has upheld a state Compensation Review Board decision awarding workers’ compensation benefits to the -More- ……
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9/26/2018
FireEye CEO Kevin Mandia, whose company was hired by Google to protect against cyberattacks, said the majority of foreign cyb -More- ……
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9/26/2018
Officials of South Carolina’s Georgetown County have urged 6,000 to 8,000 residents to evacuate as floodwaters as deep as 10 -More- ……
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9/26/2018
Hurricane Florence was much more of a rain event than a wind event in the Carolinas and some experts say the storm is unlikel -More- ……
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9/26/2018
More than 60 homes in the Fort Worth, Texas, suburb of Everman were “devastatingly affected” by flooding this past weekend, p -More- ……
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9/26/2018
Scott Schoenvogel has been tapped as president of SimplePay Health, a subsidiary of healthcare and wellness company ACAP Health. He is based in Dallas. The company describes SimplePay Health as a new model for healthcare insurance plans designed to make ………
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9/26/2018
Venhaus Insurance Agency, in Columbia, Illinois, has joined Valley Insurance Agency Alliance (VIAA), a network of over 100 independent insurance agencies in Missouri and Illinois. Venhaus Insurance Agency owner Doug Venhaus has been in the insurance industry for 17 years. ………
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9/26/2018
The Roman Catholic Archdiocese of Chicago has settled a lawsuit filed by a man who alleges he was abused when he was a boy by a priest. The man’s attorney said the archdiocese agreed to pay $2.9 million to the ………
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9/26/2018
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited L.L.E. Construction LLC for exposing employees to fall and other hazards at a construction worksite in Bridgeport, Conn. The company faces $146,554 in proposed penalties. OSHA inspectors ………
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9/26/2018
Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said. ………
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9/26/2018
Clearsurance, an online publisher of insurance consumer reviews and data, has announced its partnership with CoverHound, an online property and casualty insurance comparison platform. Based just outside of Boston, Mass., and founded in 2016 by Michael Crowe and Todd Kozikowski, ………
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9/26/2018
Delaware Governor John Carney on Thursday nominated a corporate lawyer and a court official to fill two newly created openings on the state’s influential Court of Chancery, which is a major venue for major shareholder disputes. Kathaleen McCormick, an attorney ………
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9/26/2018
Clearsurance, an online publisher of insurance consumer data, has announced its partnership with CoverHound, an online property and casualty insurance comparison platform. Based just outside of Boston, Mass., and founded in 2016 by Michael Crowe and Todd Kozikowski, Clearsurance seeks ………
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9/26/2018
Police in Connecticut are searching for a suspect they say stole thousands of dollars’ worth of construction equipment from a business. WVIT-TV reports Watertown, Conn., police were called Monday when a business discovered equipment had been stolen from a tractor-trailer. ………
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9/26/2018
Cloud services provider Slice Labs has raised an additional $20 million that it will use to expand its cloud services for on-demand insurance products globally. The Series A funding round was led by The Co-operators with participation from XL Innovate, ………
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9/26/2018
Some professional indemnity (PI) insurers are applying greater rigor, are being increasingly selective, or are repricing risks, for small and mid-sized law firms in England and Wales, warned Marsh in a market update. As Oct. 1 approaches – the most ………
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9/26/2018
KPMG LLP is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team ………
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9/26/2018
Insurtech startup Coya has launched home content insurance cover, designed to be “affordable, transparent and easily accessible.” But Berlin-based Coya said home insurance is just the start and many other forms of insurance are planned. Coya’s flexible contracts can be ………
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9/26/2018
San Diego, Calif.-based Cavignac & Associates has named Paul Broussard an account executive. Broussard will have dual roles serving both in Cavignac & Associates’ professional liability department and as a small business consultant for the firm. Broussard most recently was ………
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9/26/2018
Industry insured losses from Typhoon Mangkhut in mainland China, Hong Kong, and Macau will be between US$1 billion and US$2 billion, according to catastrophe risk modeling firm AIR Worldwide. After making landfall in the Philippines, Typhoon Mangkhut doused a less ………
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9/26/2018
AXA XL announced two senior promotions within its Excess Casualty Insurance business. Effective immediately Vivienne Moniz and Elaine Scully have been appointed as head of Excess Casualty, Bermuda, and head of Excess Casualty, Dublin, respectively. Their responsibilities will include driving ……
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9/26/2018
As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a “hard” Brexit is ………
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9/26/2018
As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European Union, according ………
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9/25/2018
U.S. accident investigators probing a San Francisco incident last year in which a jetliner was mere feet from landing on top of at least one other plane are poised to recommend new automated safety warnings and better pilot-fatigue protections. An ………
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9/25/2018
PORTLAND, Ore. ” Jimmy Sullivan prepared for his job as a bricklayer the same way every morning for years: injecting a shot of heroin before leaving his car. The first time he overdosed on the job, in 2013 at a ………
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9/25/2018
The insurance trade group National Association of Mutual Insurance Companies presented its Chairman’s Award to Julie Rochman, former president and CEO of the Insurance Institute for Business and Home Safety, at the association’s annual convention in San Antonio. “Through her ……
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9/25/2018
The head of the main U.S. agency for aiding developing country infrastructure projects said on Monday the ability to extend funding for such investments is expected to double if new legislation is approved by the U.S. Congress. Ray Washburne, president ………
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9/25/2018
A law firm says a Georgia jury has awarded $31 million to a boy for a botched circumcision he received as a newborn. The Atlanta Journal-Constitution reports the award was handed down Friday in northern Georgia’s Clayton County. A lawsuit ………
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9/25/2018
The number of Tennessee residents who died of drug overdoses has risen more than 8 percent, setting another record in 2017. The state Health Department said 1,776 Tennesseans died from overdoses last year, the most since reporting began. The number ………
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9/25/2018
The city of Orlando has asked a federal judge to dismiss a civil rights lawsuit that was filed on behalf of victims and survivors of the Pulse nightclub shooting. The Orlando Sentinel reports the lawsuit accuses Orlando police Det. Adam ………
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9/25/2018
NutraRisk, a division of Worldwide Facilities, has expanded its cannabis offering to include an exclusive cannabis program providing general and product liability for medicinal and recreational operations. NutraRisk can also place risks in the eight states where recreational cannabis is ………
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9/25/2018
Insurance industry veteran Ryan Collins, opened Brightway, The Ryan Collins Agency on Sept. 25, in Sunrise, Fla. Collins comes to Brightway with 15 years of industry experience at Progressive, Liberty Mutual, Safeco and Windhaven, where he rose through the ranks ………
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9/25/2018
Insurance Office of America (IOA) has added Leroy Maxwell to its Charleston, S.C., location as a risk management specialist. Before joining IOA, Maxwell served as a commercial producer with Turbeville Insurance Agency, where he primarily focused on contractors. Additionally, Maxwell ………
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9/25/2018
Uber Technologies Inc. drivers suffered a major defeat in one of the gig economy’s most closely watched labor fights with a ruling barring hundreds of thousands of drivers from suing as a group for better pay and benefits. Tuesday’s decision ………
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9/25/2018
Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will enable Paladin to offer a comprehensive cyber-risk assessment, ………
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9/25/2018
The Iowa Insurance Division has ordered Covals Douze, of Coconut Creek, Florida, to pay administrative fines and fees totaling $43,895 and revoked his non-resident insurance producer license in a “bait and switch” scheme. The division has also prohibited Douze from ………
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9/25/2018
More than two dozen homes in north and central Texas have blown up since 2006 along a network of pipelines operated by one of the largest natural gas companies in the U.S, leading to nine deaths and badly injuring at ………
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9/25/2018
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired Texas-based firms, Select Insurance Markets LLP (SIM) and Preferred Personal Insurance Agency LLP (PPIA). Terms of the deal were not disclosed. SIM, founded in 2001 by ………
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9/25/2018
A South Texas company has recalled nearly 700 pounds (317.52 kilograms) of beef jerky after regulators say a consumer reporting finding hard metal in a product. The U.S. Department of Agriculture on Friday announced Junior’s Smokehouse Processing Plant in El ………
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9/25/2018
New federal maps show that fewer buildings in Dubuque are at risk of flooding. The Dubuque Telegraph Herald reports that the Federal Emergency Management Agency recently updated flood insurance maps for the area that were last changed in 2011. The ………
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9/25/2018
No injuries have been reported after a train derailed in northwest Iowa and 20 cars carrying soybean oil and sand fell into the flooded Floyd River. The Des Moines Register reports the bridge beneath the Union Pacific train collapsed as ………
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9/25/2018
The Idaho Supreme Court has heard arguments in a case that could determine whether individuals have the right to sue if they think someone implied, but didn’t outright say, something defamatory. The issue arose in a lawsuit brought last year ………
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9/25/2018
The number of people killed in fatal crashes in Oregon has gone up by 13 percent from last year. The Oregonian/OregonLive reported that the total number of deaths on city streets, freeways and county highways was driven up this summer ………
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9/25/2018
A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change. The Oil and Gas Climate Initiative (OGCI), ………
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9/25/2018
9/25/2018
The new cybersecurity guidelines from the National Association of Insurance Commissioners have been endorsed by the Treasury -More- ……
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9/25/2018
The New York state Workers’ Compensation Board has introduced virtual hearings that allow videoconferencing for injured worke -More- ……
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9/25/2018
Siemens Mobility has been conducting pilots of autonomous-vehicle technology on a 4-mile section of streetcar track in German -More- ……
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9/25/2018
The latest app from Microsoft, the Microsoft Authenticator app, uses high-tech data including facial recognition and fingerpr -More- ……
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9/25/2018
Insured losses from Florence could total between $2.8 billion and $5 billion, with National Flood Insurance Program losses be -More- ……
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9/25/2018
Insurance agencies have been working in their communities to help policyholders affected by the natural gas explosions that d -More- ……
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9/25/2018
The Ryan fire in Colorado and Wyoming grew more than six times in size over the past weekend as it burned through forests kil -More- ……
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9/25/2018
Insurance software and consulting firm Majesco has appointed Adam Elster as chief executive officer, effective October 1, 2018. The company said that Ketan Mehta, Majesco co-founder and current CEO, has decided to retire from the operational role after 36 years ………
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9/25/2018
Chubb has named Jeremiah Konz as executive vice president, reinsurance officer for Chubb Overseas General Insurance, the company’s international general insurance business in over 50 countries and territories. Konz is currently senior vice president, Ceded Reinsurance for Chubb’s North A…
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9/25/2018
Johnson & Johnson’s latest trial over claims that its baby powder causes cancer ended in a stalemate when jurors couldn’t agree on a verdict. A state judge in Pasadena, California, declared a mistrial Monday after jurors deadlocked on Carolyn Weirick’s ………
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9/25/2018
Imagine landing at a major airport and the only human official you meet on your way through the terminal is a customs officer. Singapore’s Changi Airport, voted the world’s best for the past six years by Skytrax, is pursuing that ………
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9/25/2018
The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit. Labour’s Brexit spokesman Keir Starmer set out what he ………
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9/25/2018
Uber drivers seeking pay and benefits like those employees get rather than contractors were handed a big defeat by the 9th Circuit Court of Appeals on Tuesday. A panel of court justices ruled that drivers must go through arbitration and ………
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9/25/2018
A significant majority of global insurers understand that innovation is increasingly becoming a competitive differentiator in the global marketplace, according to the results of an A.M. Best survey of its rated entities. More than 80 percent of survey respondents said ………
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9/25/2018
Alliant has hired Arlene Potts as vice president within its Employee Benefits Group. Potts is based in Suffolk, Va., and will work with a portfolio of clients to provide strategic employee benefits services that aim to reduce healthcare costs and ………
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9/25/2018
A Massachusetts medical transportation business and its managers has been cited $460,945 in restitution and penalties for violating workers’ rights and state wage laws. Massachusetts Attorney General Maura Healey’s office began investigating Watertown, Mass.-based Quantum Transportation…
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9/24/2018
Swiss Re announced that Andreas Berger, currently chief regions & markets officer and member of the board of management of Allianz Global Corporate & Specialty SE, has been appointed CEO Corporate Solutions and member of the group executive committee with ………
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9/24/2018
Pioneer Underwriters appointed Andrew McMellin as chief executive officer, effective Oct. 8, 2018 and pending regulatory approval. Dane Douetil, CEO of Pioneer’s parent company, Minova Insurance Holdings Ltd., and currently CEO at Pioneer, will become chairman of the business. Max ………
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9/24/2018
Newport Beach, Calif.-based Pacific Health Care Organization Inc. today announced the launch of a strategic acquisition search for an insurance company to add to its suite of comprehensive workers’ comp solutions. The acquisition strategy in the state of California for ………
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9/24/2018
National Basketball Association (NBA) Commissioner Adam Silver wants all teams to hire more women, especially in leadership and supervisory positions, and is urging them to take some of the mandates that the Dallas Mavericks must now adhere to as an ………
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9/24/2018
Stormy Daniels’s libel lawsuit over a tweet by Donald Trump looks to be doomed after a judge said the president was engaging in free speech. The adult film star, whose real name is Stephanie Clifford, claims she was threatened by ………
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9/24/2018
As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as it reached out to the ………
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9/24/2018
The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 may qualify for a new business credit. ………
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9/24/2018
Chubb has appointed Tim Barziza as head of its North American Property Claims. In this role, Barziza will be responsible for leading the technical and administrative operations of the Property Claim Service, including the recovery and the special investigations units ………
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9/24/2018
Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to be less of a ………
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9/24/2018
Houston International Insurance Group (HIIG) has agreed to purchase the remaining shares it did not own of Creative Risk Underwriters (CRU), a managing general underwriting agency (MGU) based in Marietta, Ga., specializing in Medical Stop Loss (MSL). Following completion of ………
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9/24/2018
Thousands of people in and around the city of Georgetown, South Carolina, were urged to evacuate on Monday as two rivers gorged with rain from long-departed Hurricane Florence will flood the area this week. More than 10 days after the ………
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9/24/2018
AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, to provide environmental risk product offerings for contractors, consultants and engineers in the United States. ………
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9/24/2018
State transportation officials are urging drivers to be more careful in work zones after six road workers were hit on job sites last week. WLBT-TV reports three workers were treated for injuries after a produce truck rear-ended a Mississippi Department ………
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9/24/2018
Major flooding remains in eastern North Carolina more than a week after Hurricane Florence made landfall. Gov. Roy Cooper said Saturday that nine of the state’s river gauges are at major flood stage and four others are at moderate stage, ………
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9/24/2018
The workers’ compensation state average weekly wage for dates of injury from Oct. 1, 2018, through Sept. 30, 2019, has been set at $937.70, the Texas Department of Insurance, Division of Workers’ Compensation reports. The maximum weekly benefit rates for ………
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9/24/2018
Actor Brad Pitt’s foundation has sued a New Orleans architect, saying defective design work led to leaks and other flaws in homes built for residents of an area that was among the hardest hit by Hurricane Katrina. The lawsuit says ………
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9/24/2018
Several tornadoes struck southern Minnesota as severe storms packing powerful winds and heavy rain left a trail of destruction overnight, the National Weather Service said Friday. The extreme weather late Thursday damaged homes and businesses, and turned a small airport ………
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9/24/2018
A storm system dumped record amounts of rain in parts of Oklahoma and caused flooding in Texas, including in the Dallas area, where floodwaters swept a man from a bridge to his death near the University of Texas’ campus in ………
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9/24/2018
A newspaper review has found that three northwestern Indiana counties have a higher percentage of fatal drunken-driving crashes than the rest of the state and the U.S. because of the region’s heavy traffic, weather and other factors. The (Northwest Indiana) ………
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9/24/2018
Residents are pushing for Illinois officials to change how they run a dam to prevent flooding in several lakes that flow into the Fox River in Chicago’s northern suburbs. Property owners are petitioning the U.S. Army Corps of Engineers to ………
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9/24/2018
An athletic trainer at a Montana high school sexually abused at least 18 student athletes decades ago under the guise of boosting their athletic performance, according to a newly filed lawsuit. The deception was aided by the team winning five ………
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9/24/2018
Veteran insurance executive Michael Mitrovic has joined the Cooper Levenson law firm in its insurance defense litigation practice. Mitrovic’s career spans nearly 40 years in the insurance industry. He served as president of Global Claims for Ironshore Inc., where he ………
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9/24/2018
Costs to fight wildfires in Utah are increasing by about $1 million a day right now and authorities expect the season to last throughout October. State Forester Brian Cottam says on average, there are roughly 1,100 fire starts in Utah ………
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9/24/2018
9/24/2018
Flooding caused by rainfall from former Hurricane Florence is reaching coastal areas of South Carolina, where as much as 10 f -More- ……
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9/24/2018
A Florida state appeals court ruled recently that the language of a homeowners insurance policy may mandate that all insureds -More- ……
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9/24/2018
A man died in Washington, D.C., after the electric scooter he was riding collided with a sport utility vehicle, while another -More- ……
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9/24/2018
Insurers in Connecticut are pursuing a 16.8% average reduction in a key workers’ compensation rate next year, which would be -More- ……
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9/24/2018
Florence, which hit the Southeast as a Category 1 hurricane, could generate economic losses between $38 billion and $50 billi -More- ……
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9/24/2018
Politicians and national infrastructure systems are being targeted more with distributed-denial-of-service attacks. -More- ……
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9/24/2018
Walmart is again being accused of violating federal law by failing to accommodate workers’ pregnancy-related medical restrictions. According to a lawsuit brought by the federal Equal Employment Opportunity Commission (EEOC), Alyssa Gilliam and a class of pregnant employees at Walmart’s &…
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9/24/2018
Lawnmower injuries persists at a rate of close to 6,400 a year, most of them requiring surgery and hospitalization, and costing an average of $37,000 per patient. In what Johns Hopkins Medicine researchers call an unusually comprehensive analysis of nationwide ………
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9/24/2018
AXA XL announced that Paul Greensmith has been appointed CEO of legal entities: Catlin Underwriting Agencies Ltd. and XL Catlin Insurance Co. UK Ltd., subject to regulatory approvals. He replaces Paul Jardine, who, as previously announced, will be leaving XL ………
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9/24/2018
Two major holders of Puerto Rico bonds that opposed a restructuring deal for the bankrupt U.S. commonwealth’s Sales Tax Financing Corporation (COFINA) revenue bonds are now part of the agreement, the island’s federally appointed oversight board announced on Friday. The ………
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9/24/2018
Ashley Judd’s lawsuit accusing Harvey Weinstein of sabotaging her career after she spurned his sexual advances can move ahead, but a judge balked at her sexual harassment claim because the actress and the producer didn’t have a “professional” relationship. Weinstein ……..
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9/24/2018
Increasing geopolitical concerns are causing a rise in political risk exposures with 55 percent of global organizations with revenues greater than $1 billion experiencing at least one political risk loss exceeding a value of $100 million, according to a survey ………
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9/24/2018
More than 3 million people died in 2016 due to drinking too much alcohol, meaning one in 20 deaths worldwide was linked to harmful drinking, the World Health Organization (WHO) said on Friday [Sept. 21]. More than three-quarters of these ………
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9/24/2018
The fourth annual global festival for diversity and inclusion (D&I), Dive In, begins this week in a record number of 27 countries across the globe. Dive In began in 2015 in London, growing to 10 countries in 2016, 17 in ………
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9/24/2018
New Jersey state police say the death of a ship worker killed when two steel planks fell on him has been ruled an accident. Basim Gilliard was hit around 9:15 a.m. Sunday while he was unloading cargo from the hold ………
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9/24/2018
SageSure Insurance Managers, an independent residential property managing general underwriter and subsidiary of Insight Catastrophe Group (ICG), has appointed Victor dos Santos as president of Commercial Insurance. Dos Santos and his team will work from SageSure’s Cheshire, Conn., office. Sage…
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9/24/2018
The former longtime bookkeeper for an upstate New York tourism agency has pleaded guilty to stealing more than $200,000 from the organization. Kathryn Price pleaded guilty to grand larceny and criminal tax fraud Wednesday in a Saratoga County court. The ………
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9/23/2018
The head of the federal disaster response agency used government vehicles without proper authorization, but will not lose his job over it, Homeland Security Secretary Kirstjen Nielsen said Friday. Federal Emergency Management Agency Administrator William “Brock” Long had been under ̷…
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9/23/2018
A federal judge in Connecticut has dismissed a lawsuit by 60 former professional wrestlers, many of them stars in the 1980s and 1990s, who claimed World Wrestling Entertainment failed to protect them from repeated head trauma including concussions that led ………
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9/23/2018
Authorities say Columbia Gas has agreed to compensate its customers for all losses related to a series of gas explosions and fires in Massachusetts’ Merrimack Valley. Town officials in Andover announced Saturday that the utility company will pay claims related ………
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9/23/2018
Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Vandroff Insurance Agency, Inc., according to J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and David ………
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9/23/2018
Gray muck is flowing into the Cape Fear River from the site of a dam breach at a Wilmington power plant where an old coal ash dump had been covered over by Florence’s floodwaters. Forecasters predicted the water would continue ………
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9/23/2018
Hurricane Florence is testing the resolve of farmers in the Carolinas, who could face billions of dollars in agricultural damage while still feeling the sting from Hurricane Matthew almost two years ago. After last weekend’s high winds and rain that ………
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9/21/2018
Pilots operating a Jet Airways India Ltd. flight on Thursday forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard. About 30 of the 166 passengers aboard the Boeing Co. ………
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9/21/2018
Starr Insurance Companies has introduced Starr CIP Enterprise, a monoline general liability construction wrap-up insurance policy. The new product is designed for property owners and contractors who need tailored primary and excess general liability coverage for single large construction projects. &…
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9/21/2018
Manhattan City Manager Ron Fehr says a flood over the Labor Day holiday weekend caused $17.2 million in structural damages in the city. Fehr told the Manhattan City Commission on Sept. 18 that four commercial and eight residential properties suffered ………
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9/21/2018
Duke Energy activated a high-level emergency alert at a retired coal-fired power plant in North Carolina as floodwaters from the nearby Cape Fear River overtopped an earthen dike at the facility and inundated a large lake. Duke spokeswoman Paige Sheehan ………
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9/21/2018
EPIC Insurance Brokers and Consultants has added Matt Lumelleau as a principal in the firm’s property/casualty practice. Based in Houston, Lumelleau will be responsible for new business development, the design, placement and management of property/casualty insurance programs; and providing ris…
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9/21/2018
Hurricane Florence is still wearing out the Carolinas, where residents have endured an agonizing week of violent winds, torrential rain, widespread flooding, power outages and death. Frustration and sheer exhaustion are building as thousands of people wait to go home ………
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9/21/2018
Five years and almost $100 million later, cleanup is complete on a massive oil pipeline leak in North Dakota that has been called one of the biggest onshore spills in U.S. history, industry and state officials said. The spill by ………
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9/21/2018
Officials in central Iowa have designated about 60 structures as unsafe following a July tornado that damaged about 2,000 buildings. The Times-Republican reports that the properties in Marshalltown now have small red posters that say “Dangerous building ” do not ………
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9/21/2018
The Texas Division of Workers’ Compensation reported in a newly released study that access to medical care for injured workers has improved slightly and that a high rate of doctors who treat workers’ comp patients has remained steady. A September ………
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9/21/2018
The city of Austin, Texas, has dropped a lawsuit challenging the determination by state workers’ compensation officials and an appeals panel that a firefighter diagnosed with cancer is eligible for workers’ comp benefits. According to the Austin Firefighters Association, Lt. ………
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9/21/2018
General agency LISI has acquired Western Health Advantage in Sacramento, Calif. WHA is a non-profit HMO that offers benefit plans for employer group health coverage. LISI serves more than 8,000 affiliated brokers who offer medical, dental, vision and specialty coverage ………
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9/21/2018
Some inland Southern California communities received an early morning jolt from a minor earthquake, the U.S. Geological Survey confirmed. The USGS says the magnitude-3.4 tremor occurred at 5:44 a.m. Thursday. The quake was centered 2 miles southwest of San Bernardino ………
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9/21/2018
Portland, Ore.-based Elliott, Powell, Baden & Baker Insurance agency has named Heather Beelar the firm’s marketing manager. The new position will include identifying and analyzing market trends, and creating strategies to meet evolving needs. She will also be in charge ………
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9/21/2018
American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not disclosed. It is expected to close in the fourth quarter of ………
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9/21/2018
Geologists and developers are at odds over construction along coastal areas such as North Carolina’s Outer Banks, where Hurri -More- ……
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9/21/2018
President Donald Trump has launched a new national cybersecurity strategy, says national security adviser John Bolton. -More- ……
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9/21/2018
The Occupational Safety and Health Administration has fined contractors a total of $86,858 in connection with worker-safety c -More- ……
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9/21/2018
Creators of smart devices are not doing enough to protect children’s data, states a report by Veronica Barassi of Goldsmiths, -More- ……
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9/21/2018
Storms caused flooding in the Twin Cities and damaged properties in southern Minnesota, where at least four tornadoes were re -More- ……
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9/21/2018
The Federal Aviation Administration has given State Farm approval to fly drones over four states to evaluate damage caused by -More- ……
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9/21/2018
The National Highway Traffic Safety Administration gave Tesla’s Model 3 sedan five-star ratings in overall safety and all oth -More- ……
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9/21/2018
Maritime officials say a 50-foot, custom-built yacht worth $1.5 million is likely a total loss after it was struck by a barge laden with sand and gravel in a Connecticut harbor. Capt. Eric Knott, Stamford’s harbormaster, tells the Stamford Advocate ………
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9/21/2018
The National Weather Service has confirmed that the remnants of Hurricane Florence spawned a total of six tornadoes in Virginia earlier this week. Five of the tornadoes on Monday were spread across the Richmond metro area. A sixth tornado hit ………
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9/21/2018
The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfavorable reserve re-estimates of ………
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9/21/2018
A federal appeals court says an insurance company must reimburse the Roman Catholic Archdiocese of Hartford nearly $1 million for payments the archdiocese made to settle sexual misconduct cases involving priests and minors. A three-judge panel of the 2nd U.S. ………
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9/21/2018
Want the best results out of your employees? Then be nice to them. New research from Binghamton University, State University at New York finds that showing compassion to employees almost always pays off, especially when combined with the enforcement of ………
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9/21/2018
Shannon Liss-Riordan has been compared to “a pit bull with a Chihuahua in its mouth.” In a career spanning almost 20 years, the Boston-based lawyer has gone after corporations that have either harmed consumers or their own employees. She’s represented ………
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9/21/2018
The Federal Aviation Administration (FAA) recently granted a waiver to State Farm to allow the insurer the ability to inspect damage caused by Hurricane Florence. The approval, received just last week, allows State Farm to operate an unmanned aircraft system ………
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9/21/2018
Five bills that their proponents say will protect wildfire survivors were signed by California Gov. Jerry Brown on Friday. The bills are aimed at addressing critical issues facing wildfire survivors including underinsurance, rebuilding, and recovery, those who authored them say. ………
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9/21/2018
Last Saturday, the National Aeronautics and Space Administration launched the Ice, Cloud and Land Elevation Satellite-2, which will monitor Earth’s ice sheets, recording changes in ice thickness as small as half a centimeter. The satellite will allow us to see ………
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9/21/2018
A three-justice panel of the California Court of Appeal, 4th Appellate District, gas upheld Insurance Commissioner Dave Jones’ Fair Claims Settlement Practices Regulations, which prescribe how insurance companies must process insurance claims. The regulations are also the foundation in determi…
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9/21/2018
Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal. A two-day summit in Salzburg, Austria, broke up without ………
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9/21/2018
Tokio Marine Kiln (TMK) has appointed of Reeken Patel as chief financial officer (CFO). He joins TMK on Oct. 1, when he takes over from James Dover who has chosen to leave the business after 12 years at TMK and ………
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9/21/2018
Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy subscription market insurance and will be managed through ………
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9/21/2018
Homeowners who lose their houses to wildfire will be able to use their insurance to rebuild somewhere else under an urgency bill signed by California Gov. Jerry Brown on Friday. Assembly Bill 1800, authored by by Assemblyman Marc Levine, D-San ………
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9/21/2018
Lloyd’s reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 billion ($1.6 billion) during first six months ………
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9/20/2018
Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the ………
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9/20/2018
Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert believes the industry should be prepared for what he ………
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9/20/2018
Restaurants must pay waiters and bartenders minimum wage when they are engaged in tasks such as cleaning toilets that are unrelated to their main jobs and do not offer tips, a divided U.S. appeals court ruled this week. At issue ………
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9/20/2018
When Florence was raging last Friday on North Carolina’s Outer Banks, the hurricane tore a 40-foot (12-meter) chunk from a fishing pier that juts into the ocean at the state’s most popular tourist destination. The privately owned Rodanthe pier has ………
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9/20/2018
XL Catlin’s North America Construction insurance business has appointed Ann Marie Snyder, senior underwriter, to lead its Construction Excess Casualty business in its Southeast region. Snyder joined XL Catlin in 2012 from Ironshore Insurance Services where she served as a ………
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9/20/2018
Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has partnered with Montoya & Associates of Jacksonville, Fla. The partnership finalized on Thursday, Aug. 2, 2018. The advisors at Montoya & Associates will …….
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9/20/2018
Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The new Property Quantified product models multiple perils in a ………
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9/20/2018
Insurer COUNTRY Financial, headquartered in Bloomington, Illinois, has named Jim Jacobs as its next chief executive officer (CEO), effective early next year. He succeeds Kurt Bock, who is retiring Jan. 31, 2019, after serving as CEO for seven years. Jacobs ………
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9/20/2018
Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24. Schallhorn formerly was president of Reserve National Insurance Co. In a departmental press announcement, Oklahoma Insurance Commissioner John D. Doak called the position ………
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9/20/2018
The death toll from Hurricane Florence climbed to at least 37, including two mental health patients who drowned when a sheriff’s van was swept away by floodwaters, and North Carolina’s governor pleaded with thousands of evacuees not to return home ………
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9/20/2018
North Dakota regulators are considering relaxing rules that require shippers to remove the most volatile gases from oil before it’s loaded onto train cars. The rules, which were fought by the energy industry, took effect in 2015 and are aimed ………
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9/20/2018
Louisiana’s insurance commissioner says the state’s auto insurance market may be stabilizing, with a smaller rise in premiums expected this year compared with prior years. Insurance Commissioner Jim Donelon says Louisiana’s auto market has seen a 2.1 percent average increase ……
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9/20/2018
The parents of a teenager who was killed in a 2012 avalanche at a Vail Resort property are appealing a judge and jury’s decision in their son’s death case. Dr. Louise Ingalls and Dr. Steve Conlin, the parents of Taft ………
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9/20/2018
A female Uber driver in Arizona is suing Tampa Bay Buccaneers quarterback Jameis Winston, accusing him of sexual assault. Court documents say the woman filed the suit in Arizona this week and is seeking more than $75,000 in damages. She ………
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9/20/2018
San Diego, Calif.-based Cavignac & Associates has named Fauntelle Carrillo an account executive within its personal lines department. Carrillo is charged with maintaining existing client relationships, educating clients on preventative risk measures and recommending appropriate levels of insuran…
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9/20/2018
The US Forest Service said Wednesday that crews have reached 100% containment of the Mendocino Complex, the biggest wildfire -More- ……
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9/20/2018
Washington state labor officials have announced a proposal that would reduce workers’ compensation insurance rates in the sta -More- ……
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9/20/2018
Rain from Florence has ended, but North Carolina and South Carolina remain at risk due to rising river levels, and officials -More- ……
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9/20/2018
Eric Cioppa, superintendent of the Maine Bureau of Insurance, will serve as the Financial Stability Oversight Council’s state -More- ……
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9/20/2018
Proactive measures need to be taken to protect cities from cyberattacks as more devices are connected and cities get smarter, -More- ……
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9/20/2018
The risks that come with advanced technology in vehicles are “endless,” says Alper Services President and CEO David Macknin. -More- ……
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9/20/2018
Auto insurance rates in Louisiana had risen 2.1% at midyear, about half the amount they had increased at the midpoint of 2017 -More- ……
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9/20/2018
Bonnie Lee of Allstate said drones have helped expedite response to customers by helping the insurer examine areas affected b -More- ……
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9/20/2018
Bayer AG unit Monsanto on Tuesday asked a California judge to throw out a $289 million jury verdict awarded to a man who alleged the company’s glyphosate-based weed-killers, including Roundup, gave him cancer. The company said in motions filed in ………
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9/20/2018
A Maryland man is accused of stealing hurricane victim’s identities as part what the Secret Service describes as an $8 million effort to scam a Federal Emergency Management Agency program. News outlets reported Tuesday that 30-year-old Tare Stanley Okirika is ………
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9/20/2018
Parents of children in the Roman Catholic Church and survivors of sexual abuse by clergy filed a lawsuit Monday against Pennsylvania’s eight dioceses and their bishops asking a judge to compel them to release information about abuse allegations. The lawsuit ………
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9/20/2018
A relief fund will be established to help Massachusetts residents whose lives were disrupted by a series of natural gas fires and explosions. The announcement was made Monday by Republican Governor Charlie Baker and leaders of the three affected communities. ………
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9/20/2018
McDonald’s workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking to combat sexual harassment in the workplace. In Chicago, one of the targeted cities, several dozen protesters rallied in front of McDonald’s ………
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9/20/2018
The price of workers’ compensation insurance in Washington could drop significantly in 2019. The Washington Department of Labor & Industries this week proposed a 5 percent decrease in the average premium employers pay for the coverage. If approved, the rate ………
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9/20/2018
The International Olympic Committee (IOC) says insurance company Allianz signed as a worldwide sponsor from 2021 through the 2028 Los Angeles Olympics. The value of the deal, which includes becoming a partner of the Paralympics, was not given. The IOC ………
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9/20/2018
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co. Ltd., ………
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9/20/2018
Marsh announced the appointment of Alistair Fraser as CEO of its UK Corporate division. Fraser succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. Both appointments, which are subject to regulatory approval, are expected to take effect ………
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9/20/2018
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board ………
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9/20/2018
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from ………
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9/19/2018
Britain’s cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking and weak consumer protection. The government’s current approach ……
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9/19/2018
Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its ………
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9/19/2018
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. ………
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9/19/2018
Alliant Insurance Services has added Brady Ayala as senior vice president in its Employee Benefits Group in Oklahoma City. Ayala will service a growing portfolio of regional clients, deploying a full range of benefits consulting solutions focused on strengthening operations ………
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9/19/2018
A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths. U.S. District Judge Alison Nathan approved a ………
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9/19/2018
Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) provider with offices in Silicon ………
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9/19/2018
Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of ………
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9/19/2018
Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms ………
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9/19/2018
In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s anti-assignment provision was not prohibited. But the battle isn’t over ………
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9/19/2018
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Champion Benefits of Atlanta. The company provides integrated, strategic benefit plans for clients with a fully integrated team including healthcare consultants, pharmacists, nu…
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9/19/2018
Contractors that worked on the bridge near a Florida university that collapsed, killing six people, have been fined more than $86,000 for workplace violations. The Miami Herald reported Tuesday that the Occupational Safety and Health Administration issued the fines for ………
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9/19/2018
Worried West Virginians got a reprieve when forecasts of potential devastating floods didn’t come to fruition from the remnants of Hurricane Florence. The storm brought 1 to 2 inches (2.5 to 5 centimeters) of rain in most parts of the ………
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9/19/2018
S.S. Nesbitt, a Southeastern insurance agency and division of EBSCO Industries Inc., has appointed Senior Vice President L. Dickerson (Dick) Fountain as Market executive in Huntsville, Ala. Over the past year, S.S. Nesbitt’s Huntsville office has aggressively expanded both its ………
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9/19/2018
The damage total from flooding and storms in Wisconsin in August continues to rise and now approaches a quarter of a billion dollars. Gov. Scott Walker tweeted on Sept. 18 that the preliminary damages are nearly $234 million, up from ………
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9/19/2018
When meteorologists downgraded Hurricane Florence from a powerful Category 4 storm to a Category 2 and then a Category 1, Wayne Mills figured he could stick it out. He regrets it. The Neuse River, normally 150 feet away, lapped near ………
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9/19/2018
Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm headquartered in Deerfield, Illinois, has appointed Matt Kistler as director of Business Development. Kistler will play a critical part in Alera Group’s continued national expansion and gro…
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9/19/2018
Wholesale insurance services firm, Midlands Management Corp., appointed Mark Sullivan leader of its Transportation team, based in Dallas. Sullivan joined Midlands in 2010 as an associate marketing representative and later was promoted to senior underwriter where he was active in ………
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9/19/2018
Amid concerns about bottlenecks to access, Louisiana regulators have agreed to loosen limits on how many medical marijuana patients doctors authorized to dispense cannabis can treat. Louisiana’s State Board of Medical Examiners voted 8-1 to remove a cap established in ………
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9/19/2018
Three Jonesboro, Arkansas, radio stations are back on the air after copper thieves disrupted operations and damaged the transmitter building and a backup generator. The outages affecting East Arkansas Broadcasters stations KIYS, KIYS HD2 and KBTM were discovered about 1:20 ………
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9/19/2018
Toledo, Ohio-based privately held independent insurance brokerage, Hylant, has launched Haven Re, a primary casualty, heterogeneous group captive designed to provide well-performing middle-market businesses an attractive cost-saving option. Haven Re is ideal for middle-market businesses with a stron…
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9/19/2018
The Alaska Volcano Observatory is keeping watch on a remote volcano that’s showing signs of erupting. The observatory this week increased the alert level from “advisory” to “watch” at Semisopochnoi (SEM-ee-sah-POTCH-noy) in the Aleutian Islands. The volcano is on an …
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9/19/2018
A judge has tossed a lawsuit filed by animal rights activists in the name of a once-neglected horse, finding that animals don’t have a right to sue. The Oregonian/OregonLive reported in doing so, Washington County Pro Tem Judge John Knowles ………
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9/19/2018
Republican lieutenant governor candidate Lisa Posthumus Lyons says the fire that burned down her western Michigan home started after one of her children used a kitchen torch inside the attached garage. She said at a news conference on Sept. 17 ………
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9/19/2018
The state Department of Transportation says pedestrian fatalities have increased by 84 percent from the same time last year. The Honolulu Star-Advertiser reported 25 pedestrians have died as of Sept. 13 this year compared to four deaths last year in ………
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9/19/2018
9/19/2018
AIR Worldwide estimates that insured losses resulting from Florence, which hit the US as a Category 1 hurricane, could range -More- ……
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9/19/2018
As many as 14 million records were exposed in a breach of the GovPayNet website, security expert Brian Krebs reports. -More- ……
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9/19/2018
A BlackRock survey of 372 insurance and reinsurance executives in 27 countries found that 47% of insurers expect to heighten -More- ……
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9/19/2018
California has passed a bill that establishes regulations for all connected devices sold in the US. -More- ……
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9/19/2018
A Willis Re survey suggests that insurers view “silent” cyberrisks, which affect non-cyberinsurance policies, as a greater th -More- ……
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9/19/2018
The National Weather Service has confirmed six tornadoes touched down in Virginia on Monday, when the remnants of Florence mo -More- ……
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9/19/2018
A lawsuit seeking class status was filed Tuesday against the operator of gas pipelines after last week’s series of explosions -More- ……
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9/19/2018
Federal data show about 1% of inland homes in North Carolina have coverage under the National Flood Insurance Program, while -More- ……
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9/19/2018
Mega workers’ comp claims – losses exceeding $10M – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). It’s unclear if this is a one time occurrence or a new trend for the ………
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9/19/2018
Startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face heightened competition amid an insurance industry that is being transformed by technological, economic and demographi…
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9/19/2018
Optisure Risk Partners, based in Manchester, N.H., has hired Beth Needham as insurance operations manager and best practices leader. In this role, she will serve as a contributing member of the Optisure leadership team, offering insurance operations experience in service, ………
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9/19/2018
Alliant Insurance Services, a Newport Beach, Calif.-headquartered specialty insurance brokerage firm, has launched Imperium Consulting Group, a specialized advisory business that works with clients to better manage commercial risks as well as resolve complex claims and disputes. Imperium is based &#…
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9/19/2018
Less than half of Americans (43 percent) are interested in utilizing self-driving cars, down from 53 percent last year. According to an annual sharing economy index by Allianz Global Assistance, the lack of interest is primarily attributed to safety concerns ………
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9/19/2018
A resident of a Massachusetts city rocked by last week’s deadly gas blasts that damaged dozens of homes sued utility operator NiSource Inc on Tuesday, accusing it of inadequately maintaining its distribution system. The proposed class action lawsuit targets NiSource ………
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9/19/2018
The blast of high-pressure natural gas that led to dozens of home explosions last week in Massachusetts very likely damaged the system’s antiquated pipeline network and could lead to a long period of testing and repairs before full service is ………
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9/19/2018
Officials announced on Wednesday that the Mendocino Complex Fire, the largest wildfire in California’s history, is now 100 percent contained. The blaze burned a combined 459,123 acres, destroyed 280 structures including 157 residences, killed one firefighter and injured four others. ………
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9/19/2018
A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market Association’s (LMA)* wordings team, working closely with the ………
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9/19/2018
Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy ” M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]*to splash the cash, agreeing to pay ………
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9/19/2018
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has further expanded its leadership team in the Dubai International Financial Centre (DIFC), with the appointment of executives to fill key product line and service posts. “Building a strong foundation of ………
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9/19/2018
With the remnants of Hurricane Florence wringing out heavy rain through the Appalachians and New England this week, and Typhoon Mangkhut winding down in southern China, it looks like the world’s oceans may take a breather. There are few significant ………
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9/18/2018
Marsh & McLennan Inc. (MMC) has been preparing for a major acquisition and admiring its competitor Jardine Lloyd Thompson (JLT) for years. So right after the CEOs of the two firms met on Sept. 7 and he sensed an opening, ………
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9/18/2018
Complaints of sex discrimination made against the University of Louisiana at Lafayette by nine female athletes include allegations by some of the women of inappropriate behavior by the university’s president and athletic director. Copies of the complaints to the U.S. ………
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9/18/2018
Federal officials allege in a lawsuit that Happy Valley LLC d/b/a Happy Valley Nursing and Rehabilitation in Malvern, Ark., failed to address sexual harassment complaints made by female employees and terminated those employees for complaining of the harassment in violation ………
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9/18/2018
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed penalties of $199,183 to Missouri-based American Walnut Company LLC for two repeated and 14 serious safety violations. OSHA initiated an inspection of the St. Joseph sawmill after ………
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9/18/2018
California Insurance Commissioner Dave Jones on Tuesday filed an insurance-fraud complaint in Alameda County Superior Court on behalf of the state against AbbVie Inc. alleging the company gave illegal kickbacks to healthcare providers to prescribe HUMIRA, which Jones classified as ………
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9/18/2018
Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end ………
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9/18/2018
Consumer assistance centers and insurance camps have been set up in areas of North Carolina affected by Hurricane Florence, according to a statement from North Carolina Insurance Commissioner Mike Causey. “We are going in to flood-ravaged areas to assist people ………
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9/18/2018
Alliant Insurance Services has acquired Harbor Group Consulting, a national insurance advisory for commercial real estate loans. Miami-based Harbor Group will join Alliant’s growing real estate practice, adding new resources and capabilities to Alliant’s risk and insurance platform. Foun…
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9/18/2018
Democratic U.S. senators led by Elizabeth Warren of Massachusetts urged a Trump administration labor board appointee to recuse himself from a case that could end up being a big victory for corporations trying to make it harder for workers to ………
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9/18/2018
Tower Hill Specialty insurance products for homeowners are now available in Alabama, as the Ohio-based company expands its regional focus in the Southeast. Specializing in personal lines property products, Tower Hill Specialty now offers homeowners, dwelling fire, manufactured housing and ………
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9/18/2018
Duke Energy Corp., the biggest utility in the Carolinas, has faced a three-front war as it battles back against the wet and dangerously wild effects of Hurricane Florence. The company restored power to almost 80 percent of customers who went ………
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9/18/2018
Despite challenging market conditions, insurers are in a relatively upbeat mood and ready to increase their risk exposure, according to a study from investment advisor BlackRock. Almost half (47%) of insurers surveyed plan to increase portfolio risk exposure over the ………
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9/18/2018
Dentists Benefits Insurance Co. and Northwest Dentists Insurance Co., acquired by Sacramento, Calif.-based The Dentists Insurance Co. in 2017, plan to merge with their parent company, TDIC. The change is effective Jan. 1, 2019, upon regulatory approval. DBIC and NORDIC ………
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9/18/2018
9/18/2018
Flood insurance coverage is in place for only about 400,000 of the 1.5 million Carolinas homes at high risk of flooding, mean -More- ……
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9/18/2018
Hot, dry conditions have contributed to the expansion of at least three Colorado wildfires, including one that prompted new e -More- ……
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9/18/2018
Reinsurers face “lean years” in terms of operating margin as insurance premium increases have been relatively slow, despite 2 -More- ……
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9/18/2018
Kaspersky Lab has asked the DC Circuit Court of Appeals to end a ban that bars government agencies from using Kaspersky produ -More- ……
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9/18/2018
The remnants of Florence continue to move through the mid-Atlantic and Northeast, while the number of deaths from the storm h -More- ……
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9/18/2018
“Mega” workers’ compensation claims, defined as those reaching $10 million or more, experienced an uptick to a total of 10 in -More- ……
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9/18/2018
A woman has been killed and two men have been critically injured after being struck by a train in Delaware. Police in Georgetown say the three were hit by a Carload Express train early Sunday morning as they walked on ………
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9/18/2018
Hondas that are 10 and 11-years old and even older Ford and Chevrolet pick-ups top the list of the most stolen vehicles in the U.S. in 2017. The National Insurance Crime Bureau (NICB) released its annual Hot Wheels report, which ………
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9/18/2018
The investigation into the Boston, Mass.-area natural gas explosions is partially focused on pressure sensors that were connected to a gas line that was being taken out of service shortly before the blasts, the head of the National Transportation Safety ………
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9/18/2018
The Austin-based insurance education organization the National Alliance for Insurance Education & Research has appointed William J. Hold as chief executive officer. He will assume the day-to-day leadership of the organization effective immediately and will assume the presidency in two ………
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9/18/2018
Ethos Specialty Insurance Services (Ethos), Ascot Group’s New York-based MGU platform, has appointed Rory Cline as president and CEO. Cline takes the helm from his current role as chief underwriting officer, having joined Ethos Specialty at its inception in 2017. ………
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9/18/2018
Rogers & Gray Insurance has opened a new office in Quincy, Mass., to accommodate its growth. This represents the 10th office for the Massachusetts-based company, which serves clients in all fifty states. “This was a logical next step in our ………
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9/18/2018
U.S.-based Marsh & McLennan is buying British insurance and reinsurance broker Jardine Lloyd Thompson for 4.3 billion pound ($5.7 billion), the latest takeover in a sector which has been hit by recent losses. Shares in JLT, which reorganized earlier this ………
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9/17/2018
Insurer Zurich North America has tapped Karen Reutter to lead its Construction unit. Reutter, who recently led the construction practice of a major insurance broker, also worked in Zurich’s construction business from 1999 to 2001. She is a recognized industry ………
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9/17/2018
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Northern Mutual Insurance Company (MI) (NMIC) in Hancock, Michigan. NMIC ………
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9/17/2018
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited pallet manufacturer Buckeye Diamond Logistics Inc. ” which operates as BDL Supply ” for lockout/tagout hazards after an employee suffered an amputation at the Columbus-based company. OSHA ………
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9/17/2018
Patrice Scott has joined the Method Insurance Services team as a business development manager. She will focus on expanding Method’s agency distribution in the Midwest and beyond, and assist in rolling out the new Method Specialty Comp Program for challenging ………
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9/17/2018
Duke Energy Corp. is confident most of the coal ash that breached a North Carolina landfill was contained at the site and that the spill doesn’t pose an imminent threat to public safety or the environment, a company official told ………
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9/17/2018
The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected. . An analysis of federal flood ………
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9/17/2018
Los Angeles-based Worldwide Facilities LLC announced plans to acquire managing general agent and excess and surplus lines broker, McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters LLC (collectively, MHI), headquartered in San Antonio, Texas. MHI Principals Gill Hine ………
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9/17/2018
A demand for documents by a key House Republican adds to the growing pressure on the Federal Emergency Management Agency’s chief as he coordinates the government response to Hurricane Florence. On Monday, House Oversight Committee Chairman Trey Gowdy sent Brock ………
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9/17/2018
Though the flooding from Hurricane Florence is predicted to be unprecedented, residents of the coastal North Carolina towns threatened by the storm surge know what it’s like to take on water. Some homes in these areas have been repeatedly flooded ………
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9/17/2018
Florence’s driving rains are forcing hydroelectric dam operators to run generators at full tilt and open flood gates that haven’t been used in more than 20 years. The Tennessee Valley Authority — which operates dams in Tennessee, Georgia and other ………
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9/17/2018
Elon Musk, the chief executive of Tesla Inc., was sued for defamation on Monday for falsely suggesting that a British caver who helped rescue 12 boys and their soccer coach from a Thailand cave in July was a pedophile and ………
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9/17/2018
Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of some Brexit supporters. The Fund ………
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9/17/2018
Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Munich, Germany, the latest advance in BHSI’s expansion of its global footprint. The insurer has named two key underwriters for the office. The new office in Munich, along with ………
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9/17/2018
Insured losses from Hurricane Florence will reach $2.5 billion, according to an estimate from Karen Clark & Co. The estimate of insured losses to residential, commercial, and industrial properties and autos comes from KCC’s High Resolution U.S. Hurricane Reference Model ………
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9/17/2018
Texas Insurance Commissioner Kent Sullivan has approved a request by the Texas Fair Plan Association to raise rates and revise/implement various fees. The commissioner denied, however, the plan’s request to end premium discounts for electronic burglar alarms and automatic sprinkler ………
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9/17/2018
Tractor-trailers and other large trucks aren’t required to have crash-avoidance technology, despite thousands of crashes annually and repeated calls for it to be mandated. Federal data shows that more than 4,300 people were killed in accidents involving semis and other ………
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9/17/2018
A federal agency has denied disaster assistance for residents and business owners of Marshall and Polk counties who endured tornadoes in July. Gov. Kim Reynolds’ office announced the Federal Emergency Management Agency had denied the governor’s request for assistance through ………
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9/17/2018
Texas Mutual Insurance Company, a policyholder-owned company, recently awarded a dividend of $1,060,313 to the Lone Star Auto Dealers Association (LSADA) safety group, which includes franchised auto, truck, RV, boat and motorcycle dealerships. This year’s dividend from Texas Mutual brings R…
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9/17/2018
Twenty people have been taken to El Paso hospitals for treatment after a charter bus ran off a road southeast of the city. Texas Department of Public Safety Lt. Elizabeth Carter says the accident happened along an Interstate 10 frontage ………
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9/17/2018
A former insurance carrier for the city of Columbia, Missouri, is appealing a ruling that it owes $5.3 million to a man who served 10 years in prison before his conviction for killing a sports editor in Columbia was thrown ………
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9/17/2018
Homeowners insurance companies are faring rather well when it comes to customer satisfaction. Consultants at J.D Power think the carriers’ investments in improved digital channels and bundled products that combine are paying off the highest levels of customer satisfaction in ………
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9/17/2018
A Montana photographer is suing Netflix, alleging the company violated copyright law by using one of his photos without permission to create storm images for the series “Stranger Things” and the movie “How It Ends.” The Great Falls Tribune reported ………
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9/17/2018
Oregon’s attorney general has sued the pharmaceutical company that makes OxyContin, saying it misrepresented the risks and benefits of the drug and lied to a state regulatory agency to maximize profits. A spokesman at Purdue Pharma, targeted by last week’s ………
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9/17/2018
NHL Commissioner Gary Bettman downplayed the significance of entering mediation with former players in a bid to settle a concussion lawsuit, saying last week the league is simply following a judge’s order. “The judge asked us to go into mediation ………
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9/17/2018
JLT Specialty USA has named Samantha Levine senior vice president of JLT’s cyber and errors and omissions practice. Levine will be based in Denver, Colo. and be responsible for advising JLT’s clients on complex areas of E&O and cyber risk. ………
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9/17/2018
California lawmakers didn’t go as far as Governor Jerry Brown wanted to address potential liabilities for utilities from wildfires, and the governor said that “it’s hard to say” if they ever would. Brown, citing longstanding practice, declined to say if ………
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9/17/2018
9/17/2018
Prior to the recent Workers Compensation Institute convention in Orlando, Fla., 1,100 insurance professionals from 187 compan -More- ……
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9/17/2018
Hurricanes can cause economic slowdown as businesses face interruption during and immediately after the storms hit the US, bu -More- ……
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9/17/2018
The IRS has issued an extension for people affected by Florence that gives victims until Jan. -More- ……
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9/17/2018
Renewable energy insurance company GCube Insurance has developed a new policy specifically for data breaches and other cyberr -More- ……
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9/17/2018
PCI’s Frank O’Brien said homeowners and renters affected by the Massachusetts gas explosions that damaged dozens of propertie -More- ……
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9/17/2018
The 2017 Tubbs fire in Napa Valley is California’s most destructive fire on record, with about 5,500 structures destroyed and -More- ……
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9/17/2018
Florence, now a tropical depression, has broken the record for rainfall from a hurricane in North Carolina, with as much as 4 -More- ……
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9/17/2018
Even minimal data breaches have long-term effects on a company’s stock, per a study of 28 companies. -More- ……
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9/17/2018
The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top talent from rivals, President and CEO John Roche told ………
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9/17/2018
The Durand-Ruel sisters didn’t dress for hurricane season. The eldest had on a wide-brimmed hat, the kind one would take to a high-society garden party. Both wore white gowns that looked as though their sheerness would go transparent in a ………
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9/17/2018
A.M. Best said it does not expect flooding in the Indian state of Kerala to have a significant impact on the balance sheet strength of rated Indian non-life insurers; however, the losses may add to the unfavorable underwriting performance that ………
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9/17/2018
Ethos Specialty Insurance Services, Ascot Group’s U.S. managing general underwriting platform, has appointed Rory Cline as president and chief executive officer. Cline takes the helm from his current role as chief underwriting officer, having joined Ethos Specialty at inception in ………
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9/17/2018
Specialist insurance and reinsurance broker BMS Group has expanded its Energy division with four hires. Lynsey Green brings 20 years of experience to BMS. She joins from JLT, where she focused on North American energy clients. Green began her career ………
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9/17/2018
Apple Inc.’s new watch is the latest proof: Big Tech is trying to remake health care in its own image. The device, introduced at a splashy launch event this week, can call for help after a fall. It can monitor ………
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9/17/2018
The Professional Insurance Agents of New York (PIANY) has elected Jamie A. Ferris as president at a meeting of the association’s board of directors at PIANY headquarters in Glenmont, N.Y. Ferris is president of P.W. Wood & Son Inc. in ………
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9/17/2018
Fourteen-year Erie Insurance veteran Glenn Kricher has been appointed to the position of branch manager at the insurer’s Harrisburg, Penn., branch, effective September 13. As a current senior district sales manager in Harrisburg, Kricher oversees one of Erie’s largest districts. …….
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9/17/2018
London-based insurance provider Thomas Miller reports it has agreed to purchase the managing general agency and insurance services operations of Zeller Associates, a shipping, trade and transport insurance specialist based in Hamburg. No terms were disclosed Zeller Associates, which also ………
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9/17/2018
A unit of Imerys SA agreed to settle a California woman’s lawsuit blaming asbestos-tainted talc for causing her cancer as a jury prepares to weigh similar claims against Johnson & Johnson. A judge in Pasadena, California, announced Monday that Imerys ………
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9/17/2018
Health insurer Cigna Corp.’s $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co. has passed U.S. antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say will lead to lower costs by ………
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9/17/2018
The financial hub of Hong Kong began clearing up on Monday after being battered by one of the strongest typhoons in recent years, with financial markets and offices operating as normal. Super typhoon Mangkhut, with hurricane-force winds well over 200 ………
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9/17/2018
Fast food chain Del Taco violated federal law when at least three male employees, including those in supervisory roles, sexually harassed and retaliated against a group of young female workers at a Rancho Cucamonga, Calif., Del Taco, the U.S. Equal ………
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9/17/2018
An Australian unit of German insurer Allianz SE sold travel insurance that misleadingly promised unlimited emergency medical cover wherever people were even though the policies had limits on both cost and location, a misconduct inquiry heard on Monday. The Royal ………
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9/17/2018
Sandy, Utah-based WCF Insurance has appointed Kathryn Clark as senior vice president of safety and health. Clark will also take on the title and duties of WCF’s chief risk officer as of Jan. 1, 2019. Patrick Harris will be joining ………
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9/16/2018
A super typhoon made landfall in China’s Guangdong on Sunday, the country’s most populous province, after wreaking havoc in Hong Kong and Macau and killing potentially more than 50 people in the Philippines. Packing winds of more than 200 kph ………
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9/16/2018
A Duke Energy Corp. landfill near Wilmington, North Carolina, failed under the assault of Tropical Storm Florence, spilling about 2,000 cubic yards of coal ash that can carry toxic mercury, arsenic and lead. Authorities said they would investigate whether the ………
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9/16/2018
The still-potent remnants of Hurricane Florence marched through the Carolinas on Sunday and as the winds weakened the flood grew only stronger. New Hanover County and the city of Wilmington, where the storm breached a Duke Energy Corp. coal-ash landfill, ………
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9/16/2018
An unprecedented legal move by MGM Resorts International to sue surviving victims of the Las Vegas mass shooting took another unusual turn last week when the casino-operator offered to make $500 charitable donations in the name of each person who ………
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9/16/2018
Germany’s Volkswagen is in talks with other carmakers to set common standards for self-driving vehicle technology, Automotive News reported on Friday. The Volkswagen Group is discussing the initiative with more than 15 potential partners, according to the report, which cited ………
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9/16/2018
A new natural gas leak was discovered in the Boston area just two days after a series of pipeline explosions killed one person, injured more than 25 and prompted Massachusetts to declare a state of emergency. The latest leak was ………
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9/16/2018
Brexit talks are set to intensify over the coming week, with the first of three summits that European Union leaders hope will settle a divorce deal for departing Britain within the next two months. EU leaders will get an update ………
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9/16/2018
Companies, regulators and environmental groups are waiting for record floods to recede so they can make a comprehensive assessment of damage from Hurricane Florence. Water levels, however, are headed in the wrong direction. Rivers throughout North and South Carolina are ………
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9/16/2018
The South Carolina Department of Insurance has issued two Hurricane Florence-related notices to all property and casualty insurers doing business in the state. SCDOI Director Ray Farmer issued an emergency regulation Friday designed to protect insurance consumers as they recover ………
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9/14/2018
CSAA Insurance Group has named Junna Ro vice president of corporate compliance and employment law. For the past six years, she has led the corporate compliance and ethics function for the company. In addition to maintaining oversight of regulatory compliance ………
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9/14/2018
The insured loss for Japan from Typhoon Jebi, which made landfall in Japan on Sept. 4, will be between USD$3 billion and $5.5billion (Â¥340 to Â¥620billion), according to the global risk modeling firm RMS. Approximately 80 percent of the loss ………
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9/14/2018
Both the Texas Department of Insurance (TDI) and the Independent Insurance Agents of Texas (IIAT) report being the subject of phishing scams. TDI said it has received reports of fake emails that appear to be from the agency but the ………
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9/14/2018
With a tropical disturbance in the Gulf of Mexico and Tropical Depression Isaac located east of Mexico’s Yucatan Peninsula and heading west, the Texas Windstorm Insurance Association (TWIA) has CAT Plan, which allows it to start readying the resources needed ………
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9/14/2018
The auto insurer of last resort in Texas has filed rate increases for both private passenger and commercial auto coverage. The Texas Department of Insurance reported that the Texas Automobile Insurance Plan Association has filed rate increases of 4.9 percent ………
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9/14/2018
Brightway Insurance has expanded its footprint in Louisiana with the opening of Brightway, The LeBlanc Agency, in Hammond. Brightway Insurance is a national property/casualty insurance retailer selling through a network of franchised independent stores throughout the country. Brightway, The LeBlanc…
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9/14/2018
Iowa Gov. Kim Reynolds received approval from an ethics regulator to fly with her family to Iowa State’s bowl game free of charge on the jet of a state vendor, despite a law barring public officials and their relatives from ………
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9/14/2018
Ohio awarded another round of prizes totaling $2.4 million in its global technology challenge seeking scientific breakthroughs to address the U.S. opioid crisis. The dozen winners from six states and Canada were judged the most promising of nearly 60 proposals ………
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9/14/2018
A federal appeals panel has reversed a judge’s 2016 ruling that Douglas County, Nebraska’s insurance carrier must pay $5 million to two men wrongfully jailed in the killings of a Murdock couple. Nick Sampson and Matthew Livers sued after being ………
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9/14/2018
A small earthquake hit the southwestern Utah desert overnight. The University of Utah’s seismograph stations recorded the 3.8 magnitude earthquake just before midnight Tuesday. The epicenter was 15 miles northwest of Cove Fort, a historical site in Millard County. The ………
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9/14/2018
A Washington Tacoma towing company is being accused of illegally selling an impounded car belonging to a serviceman deployed on the USS John C. Stennis aircraft carrier. The News Tribune reported the state Attorney General’s Office claims in a lawsuit ………
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9/14/2018
New York state’s top banking regulator on Friday sued the U.S. Office of the Comptroller of the Currency, seeking to void its decision to begin granting national bank charters to financial technology companies. Maria Vullo, the superintendent of the New ………
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9/14/2018
The board of directors of the SAIF, the not-for-profit company providing workers’ comp insurance in Oregon, declared two dividends for customers: a $120 million primary dividend to be paid to SAIF’s policyholders, and a $40 million safety performance dividend to ………
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9/14/2018
Federal investigators were dispatched to three towns just outside Boston after dozens of explosions and fires along NiSource Inc.’s natural gas network left at least one person dead and 13 injured and displaced over 8,000 customers. Massachusetts State Police reported ………
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9/14/2018
The Vermont Insurance Agents Association (VIAA) has elected Paul E. Plunkett, senior vice president and principal of Hickok & Boardman Insurance Group in Burlington, Vt., as its president. Plunkett’s involvement as VIAA’s president follows an active involvement with the association &…
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9/14/2018
EPIC Insurance Brokers and Consultants, a national retail insurance brokerage and employee benefits consulting firm, has acquired the assets, employees and operations of Vanbridge LLC, a specialty insurance intermediary, program management and risk advisory services business. Headquartered in New Yo…
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9/14/2018
Hurricane Florence came ashore as a Category 1 storm this morning in North Carolina, where 10-foot storm surges are being rep -More- ……
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9/14/2018
The use of voice-activated, artificial intelligence devices comes with the potential for data-privacy risks, asserts Eileen B -More- ……
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9/14/2018
Explosions affected nearly 40 homes and businesses in the Massachusetts municipalities of Lawrence, Andover and North Andover -More- ……
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9/14/2018
A cease-and-desist order calls on the National Rifle Association to end its California sales of an insurance product covering -More- ……
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9/14/2018
A fire near Steamboat Springs, Colo., that began in mid-July has expanded beyond containment lines and forced the evacuation -More- ……
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9/14/2018
Climate and consumer groups involved in the Insure Our Future campaign are asking the insurance industry to stop investing in -More- ……
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9/14/2018
Zillow data show 3.6 million coastal homes in the Carolinas and Virginia have an overall value of $1 trillion, representing a -More- ……
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9/14/2018
General Motors is recalling more than 1 million pickups and SUVs to fix a software malfunction that can cause temporary power -More- ……
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9/14/2018
Bermuda-based Fidelis Insurance Holdings Ltd. announced it is restructuring of its business across four pillars: Bespoke, Reinsurance, Partnerships and Specialty. Richard Brindle, chairman and group CEO, will reassume the additional role of group chief underwriting officer, leading the underwriting…
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9/14/2018
As Hurricane Florence churns toward the Carolinas, bearing a potentially lethal ocean surge and winds and torrential rains, the federal government is marshaling its forces to help communities prepare and recover. President Donald Trump said Thursday afternoon that he was ………
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9/14/2018
For tropical storms, two’s company, three’s a crowd and five is, well, unprecedented. Maybe not for long. Weather forecasters are watching a disturbance in the western Gulf of Mexico that has a 50 percent chance of becoming Tropical Storm Kirk ………
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9/14/2018
Hurricane Florence made landfall near Wrightsville Beach, North Carolina, battering the region with water and wind, threatening to unleash widespread destruction and stranding some people. The Category 1 storm carried maximum sustained winds of 90 miles (145 kilometers) an hour, ………
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9/14/2018
Three northern Massachusetts residential communities were rocked last night by dozens of gas-fueled explosions and fires that erupted within minutes of each other, straining fire crews and forcing evacuations. One man was killed and about 25 injured, including at least ………
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9/14/2018
Liberty Mutual Insurance announces that Liberty International Underwriters (LIU Canada) and Ironshore Canada will be rebranded as Liberty Mutual Canada. “The rebranding of our joint operation as Liberty Mutual Canada is an important milestone in our journey to come together ………
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9/13/2018
Woodruff Sawyer has named Matthew Parsons vice president and account executive in the firm’s San Francisco, Calif. construction practice. Parsons specializes in risk management and insurance coverage for mid-size and large U.S. construction companies, with a focus on advising general ……..
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9/13/2018
Hurricane Florence could put pressure on U.S. Congress to extend the National Flood Insurance Program, but “it is still an open question as to whether it will lead to a comprehensive reform bill passing,” Robert Bradshaw, president and CEO of ………
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9/13/2018
Two thirds of Germany’s manufacturers have been hit by cyber-crime attacks, costing industry in Europe’s largest economy some 43 billion euros ($50 billion), according to a survey published by Germany’s IT sector association on Thursday. Industry association Bitkom surveyed 503 …
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9/13/2018
Two technology trade groups on Wednesday released proposals for national consumer privacy regulations, adding to the chorus of businesses seeking to influence the growing momentum for stricter rules on how companies handle users’ personal information. The move by the Internet ………
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9/13/2018
The company that created OxyContin is offering free doses of an opioid-abuse treatment as part of its offer to resolve more than 1,000 lawsuits accusing the drugmaker of helping fuel the opioid crisis, according to people familiar with the negotiations. ………
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9/13/2018
Germany’s highest court has postponed a decision on whether YouTube is liable for violations of intellectual property rights on its video platform in order to seek the opinion of European Union judges, a process expected to take one to two ………
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9/13/2018
Swiss Re Corporate Solutions has named Jamie Mullarkey as head of Property & Energy, Canada. In this role, Mullarkey leads property and energy underwriting in Canada with teams based in Toronto and Vancouver. He succeeds Yvonne Steiner who has decided ………
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9/13/2018
The U.S. agency that enforces federal labor laws took the first steps on Thursday towards loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their contractors and franchisees. The five-member National Labor ………
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9/13/2018
Five years ago, encouraged by home builders and an anti-regulatory zeal, lawmakers in North Carolina joined other states in weakening building code requirements. It’s a decision they may regret as Hurricane Florence takes aim at the Carolinas. The Legislature in ………
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9/13/2018
For North Carolina-headquartered global Insurance broker AmWINS Group Inc., Hurricane Florence isn’t just a storm that will affect insureds – many of its own employees and agents are also directly in the storm’s path. With 385 employees between Charlotte, Burlington, ………
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9/13/2018
Hurricane Florence was downgraded to a Category 1 storm Thursday night, but it is still a major storm that will have a significant impact on North and South Carolina and cause considerable damage to the region. According to a “Hazard ………
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9/13/2018
Spring, Texas, along with more than two dozen cities in the state, will receive smoke alarms from the Insurance Council of Texas (ICT) courtesy of a program called We’re Out to Alarm Texas. Spring firefighters will distribute the 10-year lithium ………
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9/13/2018
Michigan regulators have again extended the deadline for medical marijuana businesses to be licensed, allowing 108 facilities to continue operating while warning that 98 others will be issued cease-and-desist letters if they do not close by the end of the ………
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9/13/2018
A Cherokee Nation official says medical marijuana won’t be legal on the Oklahoma-based tribe’s property even though the state’s voters approved use of the plant. The Cherokee Phoenix reports Cherokee Nation Assistant Attorney General Chrissi Nimmo says the tribe must ………
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9/13/2018
Michigan Gov. Rick Snyder has formed a new division to investigate fraud within the auto insurance, health insurance and banking sectors. The anti-fraud unit will be housed within the Department of Insurance and Financial Services. The move follows discussion in ………
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9/13/2018
Six of Louisiana’s coastal parishes will split more than $41 million to pay for projects aimed at fortifying communities against coastal land loss and rising seas. Ten projects in Jefferson, Lafourche, Plaquemines, St. John the Baptist, St. Tammany and Terrebonne ………
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9/13/2018
The Virginia Bureau of Insurance says it is “confident that insurers are actively preparing for this storm” as the potential impact of Hurricane Florence is anticipated in the state. “The Bureau’s focus is first – to encourage everyone to prepare ………
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9/13/2018
A gradually weakening tropical storm hit Hawaii on Wednesday, soaking a part of Maui and sending gusts of wind that toppled trees and cancelled flights at a number of airports in the state. Maui Mayor Alan Arakawa urged residents and ………
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9/13/2018
The Colorado State Patrol says a woman killed in a single-vehicle rollover on Interstate 70 is suspected of being under the influence of marijuana at the time. KMGH-TV reported that the crash occurred Monday afternoon near Genesee, west of Denver, ………
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9/13/2018
The Delta fire had burned 89 square miles as of Wednesday night and was 17% contained, and officials have ended truck restric -More- ……
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9/13/2018
Legislation that has reached California Gov. -More- ……
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9/13/2018
9/13/2018
Hurricane Florence is approaching the East Coast as a Category 2 storm that could generate storm surges as high as 13 feet an -More- ……
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9/13/2018
Legislation that would establish the nation’s first internet of things security rules has reached California Gov. -More- ……
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9/13/2018
Fitch Ratings said insured losses worth tens of billions of dollars could result from Hurricane Florence, but Moody’s Investo -More- ……
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9/13/2018
The reinsurance market has excess capacity that is hindering rate increases, although that extra capital might ultimately go -More- ……
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9/13/2018
The new Emerging Leaders Conference will give attendees the opportunity to meet with peers and mentors and engage on major in -More- ……
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9/13/2018
Tropical Storm Olivia hit Hawaii’s Maui and Lanai islands Wednesday and has since grown weaker, although the state remains on -More- ……
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9/13/2018
Researchers at Belgium’s KU Leuven university this week revealed a technique for hacking a Tesla Model S through its key fob. -More- ……
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9/13/2018
New Mexico saw a spike in traffic fatalities in August as a deadly crash involving a passenger bus and a semi-trailer killed nine people. Preliminary data compiled by the state Transportation Department and the University of New Mexico shows more ………
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9/13/2018
San Francisco, Calif.-based Paladin Cyber has named Josh Riley head of insurance. He will lead the company’s efforts to develop and market integrated solutions that combine risk management services with risk transfer to help clients manage complex cyber-related exposures. Riley ………
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9/13/2018
When Hurricane Matthew submerged the small town of Fair Bluff, North Carolina, two years ago, Eve Waddell thought she had witnessed a once-in-a-lifetime disaster. “You’ll never see that again,” she reassured her daughter Ella, then 4, after floodwaters surged over ………
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9/13/2018
The Insurance Development Forum (IDF) announced the appointment of Denis Duverne as chair of its Steering Committee, succeeding Stephen Catlin, effective Sept. 11, 2018. The IDF is a public-private partnership, led by a senior insurance industry executive and supported by ………
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9/13/2018
A powerful typhoon is expected to make a landfall in the Philippines’ main Luzon island on Saturday, prompting authorities to place 17 areas on alert and start evacuations. Classified by the Hong Kong Observatory as a super typhoon, Mangkhut accelerated ………
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9/13/2018
A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the recommendations ………
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9/13/2018
Alera Group, a Deerfield, Ill.-based employee benefits, property and casualty, risk management and wealth management firm, has acquired Burnham Benefit Advisors and VantagePoint Benefit Strategies. Burnham Benefit Advisors, located in Lake Placid, N.Y., is an employee benefits firm offering complian…
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9/13/2018
A Delaware hospital will have to pay damages to a longtime nurse who wasn’t allowed to go back to work wearing a back brace after surgery. The News Journal reports former neonatal intensive care unit nurse Suzanne Wilgus won nearly ………
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9/13/2018
New Jersey Gov. Phil Murphy and emergency officials urged caution Tuesday as Hurricane Florence approaches the East Coast even though the worst effects of the storm are expected to miss the state. Murphy even jokingly channeled former Gov. Chris Christie’s ………
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9/13/2018
The Hanover Insurance Group has agreed t o sell Chaucer, its Lloyd’s-focused international specialty business, to China Reinsurance Group Corp. for total proceeds of $950 million. The Hanover had indicated in March it was considering selling Chaucer. The insurer said ………
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9/13/2018
A handful of consumer and climate groups are calling on the insurance industry to ditch fossil fuels as part of a new campaign called Insure Our Future. The entreaty came on the eve of this week’s Global Climate Action Summit, ………
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9/12/2018
U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue. The ruling from U.S. District Judge ………
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9/12/2018
As Hurricane Florence barrels toward North Carolina, it’s being strengthened and guided by a one-two punch of climate factors scientists have been tracking for years. Florence, which threatens to be the most severe storm to hit North Carolina in more ………
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9/12/2018
Section 5(a) of the Illinois Workers’ Compensation Act provides the damages an employer must pay for work-related injuries. It specifies a worker injured in the line of duty cannot sue her employer or its other employees. That prohibition is easy ………
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9/12/2018
Small business-focused digital insurance carrier Next Insurance has launched a commercial auto insurance policy available entirely online with no extra fees. Small businesses can now purchase a commercial car insurance policy separately, or at a reduced price when bundled together ………
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9/12/2018
China’s financial system poses one of the bigger risks to global financial stability, Bank of England Governor Mark Carney said in an interview with the BBC to mark the 10th anniversary of the global financial crisis. Carney also cited domestic ………
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9/12/2018
Google is going to Europe’s top court in its legal fight against an order requiring it to extend “right to be forgotten” rules to its search engines globally. The technology giant was set for a showdown at the European Union ………
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9/12/2018
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence that may force them to hand over cash. If the storm’s path of destruction — which is aimed at Georgia and the Carolinas — causes enough damage in ………
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9/12/2018
The U.S. government signaled that it is prepared to adopt a tougher stance on electronic cigarettes in order to stem an epidemic of use by teens and children, after taking a more cautious approach last year. The Food and Drug ………
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9/12/2018
Sweden’s Volvo, the world’s second-biggest truck maker, presented a new self-driving electric truck on Wednesday, which it said should help respond to the boom in e-commerce and a shortage of freight drivers. Volvo said the truck, which does not have ………
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9/12/2018
Tobacco crops in North Carolina, the top U.S. producer, are right in the projected path for Hurricane Florence, which threatens to cause plants to rot, whether they’re still in the fields or have already been harvested. Florence’s Category 4 winds ………
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9/12/2018
South Carolina officials are asking dam owners to inspect their dams and lower pond and lake levels if possible to prepare for possible heavy rains from Hurricane Florence. The Department of Health and Environmental Control said Monday that people should ………
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9/12/2018
Hurricane Florence could be one of the largest storms to hit the Carolinas in decades and state insurance officials say they are ready for whatever it will bring to their regions. In interviews with Insurance Journal on Tuesday, South Carolina ………
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9/12/2018
The threat of Hurricane Florence is bringing into sharper focus the often-unfulfilled need for adequate disaster insurance for businesses – and the related opportunity for insurance agents and brokers to help clients take proper precautions. The peak of the U.S. ………
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9/12/2018
The operators of a Missouri duck boat that sank in July, killing 17 people, say in a court filing that a lawsuit from Missouri’s attorney general is “irresponsible” and “littered with factual inaccuracies and innuendo.” The lawsuit accuses Branson Duck ………
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9/12/2018
While Ohio blew past the deadline Saturday for rolling out its medical marijuana program, the pot industry is confident greener days are coming soon. It’s not uncommon for states’ marijuana programs to be delayed, sometimes for years, by legal, regulatory ………
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9/12/2018
A proposed $6.95 million settlement has been filed to end a class-action lawsuit alleging Oklahoma City-based Chesapeake Energy co-founders Aubrey McClendon and Tom Ward conspired to rig bids on leases for land to explore for oil and natural gas in ………
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9/12/2018
A Texas company says one of its pipelines has spilled more than 8,000 gallons of jet fuel into a river in the northeastern Indiana city of Decatur. Houston-based Buckeye Pipe Line says it immediately shut down the line Friday evening ………
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9/12/2018
The National Hurricane Center is advising Louisiana and Texas, along with coastal areas of northern Mexico, to monitor a storm system in the Gulf of Mexico that has a 60 percent chance of becoming a tropical depression. The NHS says ………
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9/12/2018
Hurricane Florence has been downgraded to a Category 2 hurricane as its maximum sustained winds have decreased to about 110 mph, NOAA reported Wednesday at 11:00 pm EDT. NOAA said the center of Florence is expected to approach the coasts ………
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9/12/2018
San Antonio, Texas-based independent claims adjusting and third-party administration firms, IAS Claim Services, has appointed Walter Leddy as chief executive officer. Former CEO Larry Cochran will assume a new role as chairman of IAS. Leddy, a technology-enabled services veteran most ………
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9/12/2018
The industry’s Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss contract and asked the industry to help test it. The initial results are in. Months of testing by ………
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9/12/2018
Everest Insurance has expanded its Everest Specialty Underwriters (ESU) Financial Lines group with the addition of three cyber liability team members. This team, led by Vice President and Cyber Practice Leader Kevin Sherry, is focused on providing cyber liability coverage ………
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9/12/2018
James Irvine has been named chief underwriting officer for Lancashire Insurance Co. Ltd. (LICL) in Bermuda. Lanchashire Holdings Ltd. (LHL) also announced the appointment of Ben Readdy as the group chief actuary beginning in January, 2019. Irvine and Readdy replace ………
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9/12/2018
Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards ………
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9/12/2018
Uber Technologies Inc. may be saving more than $500 million a year by misclassifying its California drivers as independent contractors, according to a lawsuit that claims the ride-hailing company is flouting a ruling by the state’s highest court. Uber avoids ………
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9/12/2018
The National Weather Service said models put Hurricane Florence, a Category 4 storm, potentially on track to stall off the No -More- ……
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9/12/2018
A proposal by the Environmental Protection Agency would allow new uses of asbestos, but insurance executives and experts say -More- ……
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9/12/2018
Risks emerging from the internet of things are creating many “new possibilities for insurable transactions, large and small,” -More- ……
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9/12/2018
Southern California Edison is asking for state approval to put $582 million toward curtailing the wildfire risk posed by powe -More- ……
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9/12/2018
It’s been 17 years since the 9/11 attacks, and lawmakers say the next terrorist assault could be a cyberattack. -More- ……
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9/12/2018
The House-approved 21st Century Flood Reform Act would make major changes to the National Flood Insurance Program, including -More- ……
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9/12/2018
Maui is preparing for the arrival of Tropical Storm Olivia and the Hawaiian island could see the worst of the storm, which co -More- ……
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9/12/2018
Hurricane Florence has prompted widespread evacuations that have insurers preparing to handle an influx of business-interrupt -More- ……
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9/12/2018
A Kronos malware variant known as Osiris, discovered this summer, is used to exploit a vulnerability in the Microsoft Office -More- ……
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9/12/2018
New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global Financial Centres Index published Wednesday by research ………
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9/12/2018
A 45-year-old Rhode Island woman has been charged with forging business checks and stealing as much as $400,000 from a Cranston, R.I., auto dealership where she worked. Federal prosecutors say Michelle Saritelli of South Kingston is charged with bank fraud ………
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9/12/2018
A Massachusetts woman whose 2-year-old child was injured when a tree branch fell on her SUV has filed a lawsuit alleging utility Eversource and the town of Southampton, Mass., knew of dangerous tree limbs yet didn’t cut them down. The ………
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9/12/2018
Global claims services firm Sedgwick announced today that funds managed by The Carlyle Group have agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position ………
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9/12/2018
EU lawmakers agreed on Wednesday on a common position on copyright reforms ahead of talks with the 28 EU countries on legislation to force Google, Facebook and other tech giants to share revenues more fairly with Europe’s creative industries. Of ………
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9/12/2018
A preliminary report from the National Transportation Safety Board finds no apparent reason for a fatal plane crash last month in Brighton, Vermont. The Caledonian Record reports that it’ll likely be months before a cause is determined and put in ………
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9/12/2018
Volkswagen will face another class action lawsuit over its rigging of diesel emissions tests, this time at home when Germany introduces a new law in November. State-financed consumer protection organization vzbv said on Wednesday it would undertake “pioneering work” with ………
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9/12/2018
The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group, Europe’s largest insurer. However, there was still a ………
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9/12/2018
Kentucky and West Virginia are offering discounted rates on lodging at their state parks for people seeking shelter from Hurricane Florence. The Kentucky Tourism, Arts and Heritage Cabinet said the discounted nightly rate for lodge rooms is $49.95 for residents ………
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9/11/2018
Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more than 1 million people in and ………
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9/11/2018
U.S. regulators have rejected Wells Fargo & Co.’s plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated every affected driver, three sources familiar with ………
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9/11/2018
In an online discussion on agency errors and omissions (E&O) exposures following Hurricanes Harvey and Irma, Florida Association of Insurance Agents’ (FAIA) David Thompson, insurance educator for more than 20 years, and Dan Britto, professional liability attorney with the law ………
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9/11/2018
There will soon be a new specialty insurance site that promises to quicken and simplify transactions for U.S. insurance brokers who are serving small and medium sized businesses. Vindati, a New York-based managing general agency (MGA), will be offering brokers ………
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9/11/2018
One person has been reported killed and one remains missing after weekend flooding spawned by the remnants of last week’s Tropical Storm Gordon. Louisville, Kentucky, Metro Police spokeswoman Alicia Smiley tells the Courier Journal a taxi was submerged by flash ………
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9/11/2018
Property Claim Services (PCS), a Verisk business, has enhanced its PCS Global Cyber service with coverage for cyber catastrophe events. The inclusion of events with multiple insureds spanning both affirmative and silent cyber addresses industrywide insured losses of at least ………
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9/11/2018
It’s been nearly 10 years since Hurricane Ike devastated Galveston, and government agencies are still working to complete recovery projects before a state-imposed deadline. Thursday marks a decade since Ike made landfall and swamped parts of the island city, leaving ………
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9/11/2018
Hurricane Florence’s potential for destruction also includes increased risks for the environment and public health as torrential rains could overwhelm the pits where toxic waste from power plants is stored. Animal-manure lagoons are also at risk of flooding. Duke Energy ………
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9/11/2018
Texas State Rep. Ron Reynolds has turned himself in to authorities in Montgomery County to begin serving his year-long jail sentence. Reynolds, a Democrat from Missouri City, was convicted in 2015 on misdemeanor charges for illegally soliciting clients for his ………
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9/11/2018
A St. Joseph, Missouri, woman has been awarded $8.5 million in a racial discrimination lawsuit she brought against Missouri gas utility Spire. The St. Louis Post-Dispatch reports that a St. Louis jury awarded $1.3 million in actual damages and $7.2 ………
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9/11/2018
ONI Risk Partners (ONI) has hired Charlie Renie as a commercial insurance risk advisor in the company’s headquarters in Indianapolis. Renie concentrates on the identification, assessment, and management of the overall impact and cost of risk to his mid-to-large commercial ………
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9/11/2018
Wisconsin’s insurance commissioner says military veterans are eligible for reimbursement of the insurance licensing exam fee in most cases. Insurance Commissioner Ted Nickel said the waiver of the $75 examination fee is part of an effort to attract veterans into ………
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9/11/2018
While all eyes are on Hurricane Florence churning toward the North Carolina coast, a little orange blob may be much more important for energy traders later this week. A patch of showers and thunderstorms in the western Caribbean has a ………
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9/11/2018
A new law banning the use of cellphones while driving went into effect in a Phoenix suburb this month, making it the latest city to attempt regulation rather than wait for a state effort. Surprise officials put an ordinance banning ………
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9/11/2018
The city of Lakewood, Wash., its police chief and two officers have agreed to pay $13 million to the family of an unarmed black man who was killed four years ago as he clutched his 4-year-old son following a four-hour ………
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9/11/2018
The family of an Oklahoma teenager who drowned in the ocean while visiting the Oregon coast has filed a $3.6 million lawsuit against the city of Seaside. The Daily Astorian reported that 14-year-old Conner Miguel Wu Moore, of Tulsa, was ………
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9/11/2018
North Carolina corn farmer Darren Armstrong is racing to harvest as much as he can before potentially the worst storm in 64 years hits the state. It’s already one of the busiest times of the year for U.S. growers as ………
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9/11/2018
Andrew Barcoma Go, 51, of Bellflower, Calif., was arrested on seven felony counts including six for identity theft and one for grand theft after allegedly falsifying information on insurance applications to steal over $34,000 from Farmers Insurance. After receiving a ………
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9/11/2018
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, has launched AXIS Re Strategic Partners with the appointment of account executives for Europe, the Middle East and Africa (EMEA). AXIS Re Strategic Partners is a new dedicated team ………
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9/11/2018
9/11/2018
A spate of wildfires and hurricanes last year strained the Federal Emergency Management Agency’s ability to respond, a Govern -More- ……
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9/11/2018
Insurers’ and reinsurers’ pursuit of access to the capital markets is likely to spur further mergers and acquisitions with in -More- ……
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9/11/2018
Variations of the Mirai and Gafgyt botnets are taking advantage of exploits to attack internet of things devices, Palo Alto N -More- ……
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9/11/2018
US agencies’ operations and Americans’ personal information are at risk because the government fails to defend sufficiently a -More- ……
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9/11/2018
A portion of Interstate 5 in Northern California now has one lane open in either direction after a five-day closure resulting -More- ……
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9/11/2018
A Willis Towers Watson survey found that commercial insurance rates rose about 3% year over year in the second quarter, repre -More- ……
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9/11/2018
Tropical Storm Olivia is moving toward Hawaii with top sustained winds of 70 mph, and officials are telling state residents a -More- ……
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9/11/2018
Homeowners need to make an inventory of their belongings, including brand names and estimated values of items, for insurance -More- ……
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9/11/2018
Hurricane Florence strengthened on Monday from Category 2 to Category 4, and it is expected to bring tropical storm-strength -More- ……
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9/11/2018
Johnson & Johnson (J&J) said it would work with the Indian government to compensate patients who had suffered from hip implants that were recalled by the U.S. healthcare firm eight years ago after data showed high failure rates. This follows ………
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9/11/2018
Tues., Sept. 11, 2018, 8:08 pm “Florence is expanding on its relentless advance toward North Carolina, promising to deliver days of drenching rain from what may be the most powerful hurricane to hit the state in 64 years. The storm, ………
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9/11/2018
American International Group, Inc. announced that Catherine Duffy will join the company’s General Insurance business as Country Manager of Bermuda, at a date to be determined. In this role, Duffy will oversee AIG’s insurance operations and strategy in Bermuda, reporting ………
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9/11/2018
Insurtech is often touted as the cure that will solve the insurance industry’s inefficient and antiquated processes – from distribution, to underwriting, to claims. While many insurers want to investigate the benefits of insurtech partnerships, most don’t have the first ………
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9/11/2018
Axa announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group Ltd. previously announced on March 5, 2018. The acquisition is expected to close on September 12, 2018, pending the satisfaction of ………
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9/11/2018
Chevron Corp. said on Friday an international tribunal ruled in its favor in an environmental dispute with Ecuador, finding the South American nation had violated its obligations under international treaties. The tribunal unanimously held that a $9.5 billion pollution judgment ………
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9/11/2018
Donegal Mutual Insurance Co. today announced that it is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to Safeco Insurance. ………
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9/11/2018
Here’s some grim back-of-the-envelope math for insurers: Hurricane Florence may wreak $15 billion to $20 billion in covered losses from wind and coastal storm-surge, if the past is any guide, according to catastrophe modeler Risk Management Solutions. That range is ………
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9/11/2018
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when sales hit a ………
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9/11/2018
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress — and as a dangerous new ………
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9/11/2018
The California Department of Insurance on Tuesday issued a cease and desist order to the National Rifle Association of America alleging the NRA marketed an insurance product in California without being licensed to do so. The NRA sponsors the Carry ………
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9/11/2018
Federal investigators say speed and a lack of awareness were likely to blame for an accident last year near Philadelphia, Penn., involving three out-of-service SEPTA trains. A train rear-ended a stopped train near the 69th Street Station, causing several cars ………
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9/11/2018
A Maine lobster wholesaler is suing one of its owners, claiming he embezzled nearly $1.5 million worth of lobsters. Sea Salt, which is a Saco-based restaurant and wholesale lobster company, alleges Matthew Bellerose created a sham customer who received thousands ………
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9/11/2018
Two Massachusetts women are suing a New Hampshire hotel at the center of a Legionnaire’s disease outbreak. WMUR-TV reports that Louise Pare, of Gardner, Mass., and Celeste Billington, of Templeton, Mass., were diagnosed with Legionnaire’s disease after staying at The ………
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9/11/2018
CBIZ has hired Michael A. Garguilo as president of the Northeast and Mid-Atlantic regions of CBIZ Insurance Services Inc. Garguilo brings nearly 30 years of insurance experience to CBIZ. He is based in the Plymouth Meeting, Penn., office and is ………
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9/11/2018
Oregon employers next year will pay an average of $1.12 per $100 of payroll for workers’ compensation insurance, down from $1.23 in 2018, under a proposal by the Oregon Department of Consumer and Business Services. This will mark the sixth ………
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9/10/2018
Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In 1973, Duperreault arrived at AIG’s old ………
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9/10/2018
A Habersham County, Ga., woman has been charged with first-degree arson for allegedly setting fire to her home and one count of insurance fraud for submitting a fraudulent insurance claim, according to a statement from Insurance and Safety Fire Commissioner ………
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9/10/2018
The Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Insurance Services Section has returned $3.2 million so far to Tennesseans through its restitution efforts in 2018, according to a statement from TDCI. Through the first eight months of 2018, TDCI ………
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9/10/2018
Nearly 759,000 homes with a reconstruction cost value (RCV) of approximately $170.2 billion are at potential risk of storm surge damage from Hurricane Florence based on its Category 4 status, CoreLogic said in an analysis released late Monday. With projections ………
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9/10/2018
Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its mergers & acquisitions (M&A) insurance offerings with the formation of Global Transaction Solutions group (GTS). The creation of GTS will simplify access for brokers and buyers to a range ………
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9/10/2018
Frank Opelka has been appointed deputy commissioner of the Office of Health, Life and Annuity at the Louisiana Department of Insurance. Opelka comes to the Department of Insurance from the Louisiana Department of Health where he served as chief of ………
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9/10/2018
AssuredPartners Inc. has acquired Roemer Insurance in conjunction with Sunforest Transportation Insurance Group (STIG), both located in Toledo, Ohio. The company was founded in 1934 by Wellington F. Roemer and has always maintained a focus on servicing the trucking industry ………
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9/10/2018
Several state agencies in Oklahoma, including the insurance department, are working together on an initiative to curtail distracted driving among teenagers. Oklahoma law bans texting and driving but despite that, there’s evidence that young drivers in the state are the ………
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9/10/2018
Two young men have pleaded no contest to misdemeanor hazing in the drinking death of a Louisiana State University fraternity pledge whose blood alcohol level was more than six times the legal limit for driving. Sean-Paul Gott, 22, of Lafayette, ………
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9/10/2018
A series of human errors led to a BNSF Railway train striking and killing two railroad workers in South Dakota last year, federal investigators said. The National Transportation Safety Board released its report on Sept. 6 on the Jan. 17, ………
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9/10/2018
Kevin Garnett is suing an accountant and his firm, alleging they helped a wealth manager steal $77 million from the retired Minnesota Timberwolves and Boston Celtics star. The federal malpractice lawsuit alleges Kentucky-based accountant Michael Wertheim and Welenken CPAs enabled ………
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9/10/2018
A pipeline company was convicted of nine criminal charges on Sept. 7 for causing the worst California coastal spill in 25 years, a disaster that blackened popular beaches for miles, killed wildlife and hurt tourism and fishing. A Santa Barbara ………
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9/10/2018
The insurance-linked securities (ILS) market potentially could bear up 20 percent of the insured losses generated by Hurricanes Harvey, Irma and Marie, according to an A.M. Best report. These three hurricanes during a two-month period in 2017 now serve as ………
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9/10/2018
Hurricane Florence has strengthened to Category 2 status and is expected to intensify further as it approaches the Southeaste -More- ……
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9/10/2018
Insurers and other financial companies are having trouble meeting New York’s tough new cybersecurity regulations, which inclu -More- ……
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9/10/2018
Testing of schools’ water systems for lead contamination is mandatory in eight states, as exposure to unsafe levels of lead c -More- ……
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9/10/2018
A new policy implemented by the Nevada Department of Employment, Training and Rehabilitation puts businesses at risk for hack -More- ……
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9/10/2018
Three confirmed tornadoes hit western Kentucky and a nearby Indiana city over the weekend. -More- ……
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9/10/2018
Volkswagen has announced a recall affecting 9,685 of its Atlas sport utility vehicles after finding that an air conditioning -More- ……
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9/10/2018
A South Carolina Department of Insurance event scheduled for today will offer legal, regulatory and compliance information re -More- ……
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9/10/2018
A 45-mile stretch of Interstate 5 in California near the Oregon border has been closed for six days because of a wildfire tha -More- ……
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9/10/2018
If you sit in an Uber car for too long, the ride-hailing company plans to check up on you to make sure all is OK. That’s one of several new features Uber Technologies Inc. unveiled on Wednesday meant to make ………
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9/10/2018
The father of a man injured when a trash truck he was riding in was struck by a train full of Republican lawmakers is suing over the crossing where the collision happened. Charlottesville TV stations WCAV and WVIR report Dennis ………
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9/10/2018
Todd A. Bryant has been named managed care ombudsman with the Virginia State Corporation Commission’s (SCC) Bureau of Insurance, effective September 10, 2018. Bryant has worked in the Ombudsman’s Office as a senior insurance market examiner for the past six ………
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9/10/2018
Global reinsurance broker JLT Re announced that Martin Blackwell will be joining the firm as a partner, Capital Solutions, next month. Blackwell brings 40 years of market experience to JLT Re. He has served as head of Client Management at ………
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9/10/2018
USI Insurance Services (USI), an insurance brokerage and risk management company, has acquired Wilbraham, Mass.-based The Gaudreau Group. Terms of the transaction were not disclosed. Founded in 1921, The Gaudreau Group is a commercial insurance, employee benefits, personal risk and ………
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9/10/2018
Pro US Holdings, the sole shareholder and immediate parent of ProTucket Insurance Company – the insurance carrier established in Rhode Island to provide run-off transfer solutions in the U.S. – has contributed $35 million of funding to ProTucket Insurance Company. ………
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9/10/2018
After a relatively slow start to the 2018 season, three hurricanes are now churning in the Atlantic on potential tracks toward the U.S. east coast and the Caribbean. Ahead of Hurricane Florence’s projected landfall in North Carolina or South Carolina ………
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9/10/2018
Monday, Sept. 10, 5:56 pm ” Florence, the most powerful storm to menace the U.S. mainland this year, intensified into a Category 4 hurricane as it howled closer to the Carolinas on Monday, prompting evacuations of more than 1 million ………
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9/10/2018
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. The firm said intense market competition and capital levels will continue to drive merger and acquisition ………
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9/10/2018
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app. The airline discovered on Wednesday that bookings ………
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9/10/2018
Independent specialty managing general agent Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies Limited in an asset purchase. Altitude is a London-based aerospace MGA, co-founded in 2014 by David ………
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9/10/2018
Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal. Shareholders representing 1,670 claims are seeking compensation for a slide ………
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9/10/2018
Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s ………
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9/10/2018
Lloyd’s of London’s historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing chief. “Over the years to come, that ………
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9/09/2018
The California Labor Commissioner’s Office has cited six Los Angeles area garment contractors $573,704 for labor law violations after uncovering a scheme where the contractors illegally operated under one license to avoid compliance. Four of the contractors did not have ………
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9/09/2018
Washington Insurance Commissioner Mike Kreidler issued fines in July totaling $115,050 against insurance companies, agents and brokers for reported violations of state insurance regulations. The alleged violators and their reported violations include: Agents and brokers T-Mobile USA Inc., Bellevue;…
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9/09/2018
The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors Service. “Commercial insurers held up well ………
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9/09/2018
An annual progress report from the California Department of Workers’ Compensation’s Independent Medical Review program shows it’s working as intended. IMR is a medical dispute resolution process that uses medical expertise to obtain consistent, evidence-based decisions and is a com…
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9/09/2018
CBS Corp. CEO Leslie Moonves resigned from the company, the company said on Sunday, amid fresh allegations of sexual assault and harassment. CBS also announced a deal to end litigation against controlling shareholder Shari Redstone and National Amusements Inc. for ………
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9/09/2018
Officials said that a dam is breaching on the edge of Mississippi’s Delta region after heavy rains during Tropical Storm Gordon. The National Weather Service issued a flood warning for parts of Carroll County downstream from Murdock Lake, where water ………
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9/09/2018
Heritage Insurance Holdings, Inc., a Florida-based property and casualty insurance holding company, has added Arash Soleimani to its management team as an executive vice president and director of Investor Relations. Soleimani was previously a sell-side analyst for nine years at ………
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9/09/2018
A large hole has opened between two homes in a gated community in Florida. Pasco County officials said in an email sent Sept. 5 that about half of the hole – which is 40-feet (12-meters) across and 20-feet (6-meters) deep ………
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9/09/2018
The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of August. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissioner Mike Causey, fraud costs North Carolinians between…
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9/09/2018
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoo Jebi, which made landfall in Japan on Tuesday, Sept. 4, will be between $2.3 billion (JPY 257 billion) and $4.5 billion (JPY 502 billion). Typhoon Jebi, which ………
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9/09/2018
Sunday, Sept. 9, 5:49 pm: Hurricane Florence continues to intensify rapidly as it moves ever closer to the U.S. Atlantic coast, where it could strike somewhere between South Carolina and Virginia late this week. Florence was about 720 miles (1,160 ………
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9/07/2018
Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are taxed. How the territory’s market has responded ………
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9/07/2018
Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this initiative is a renaming of R&Q’s Malta domiciled insurance platform, R&…
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9/07/2018
The South Carolina Department of Insurance will hold an information session Monday, Sept. 10, on the South Carolina Insurance Data Security Act for state insurance licensees. According to a media release, it will address the legal, regulatory and compliance issues ………
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9/07/2018
In the year following the enactment of a Texas law aimed at reducing the number of lawsuits filed by property owners against insurance companies following natural catastrophes, the number of those types of disputes have dropped, according to the lobbying ………
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9/07/2018
Republican Dean Jeffries has been appointed to the West Virginia House of Delegates seat from Kanawha County vacated by the resignation of Tim Armstead. Gov. Jim Justice announced Jeffries’ appointment Wednesday. Jeffries is a State Farm insurance agent from Elkview. ………
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9/07/2018
A lawsuit alleges that negligence by the owners of Wisconsin’s only oil refinery caused an explosion and fire that injured 36 people and caused a mandatory evacuation in the city of Superior. The class action lawsuit against Husky Energy says ………
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9/07/2018
Do you love your agency? Is it a Best Place to Work For? If so, don’t forget to nominate your agency to be named as one of Insurance Journal’s Best Agencies to Work For in 2018. The extended deadline is ………
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9/07/2018
John Neal has been appointed as the chief executive officer of Lloyd’s following a meeting of the Council of Lloyd’s, where his appointment as successor to Inga Beale was approved unanimously. Neal will take up his position at Lloyd’s on ………
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9/07/2018
An explosive wildfire closed down dozens of miles of a major California freeway only weeks after a nearby blaze that left neighborhoods in ruins and killed eight people. The Delta Fire erupted Wednesday afternoon and within hours had devoured nearly ………
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9/07/2018
Arthur J. Gallagher & Co. has acquired United Dealer Services LLC. Terms of the transaction were not disclosed. Based in Highland Mills, N.Y., United Dealer Services LLC is a retail insurance broker and program administrator. It provides a range of ………
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9/07/2018
A woman has filed a lawsuit against the University of Oregon over injuries she claims to have sustained while at a rock concert in 2016. The Register-Guard reporte Anne Holder filed the law suit last week in Lane County Circuit ………
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9/07/2018
Business Risk Partners (BRP), a Windsor, Conn.-based specialty insurance program administrator, has appointed Brad Lacey as a principal underwriter focused on management and professional liability products. Simultaneously, BRP has assumed the renewal rights to a management and professional liability…
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9/07/2018
Arizona State Land Department officials say a national insurance company has successfully bid $83 million for about 134 acres of trust land in Scottsdale. Nationwide Mutual Insurance Co. has plans for a mixed-use development, including a regional corporate headquarters. The ………
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9/07/2018
Hub International Limited (Hub), the Chicago-based insurance broker, announced that it has acquired Access Insurance Brokers Inc. Terms of the transaction were not disclosed. Headquartered in Ottawa, Ontario, Access Insurance provides personal and commercial insurance solutions. Rico Saleh and Danie…
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9/07/2018
Vermont on Wednesday filed a lawsuit against drugmaker Purdue over what it called deceptive marketing of OxyContin and other prescription opioid painkillers that the attorney general says helped lead to the drug crisis in Vermont and around the country. The ………
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9/07/2018
Marijuana advocates told a New York panel considering legalization that it should be affordable and accessible to everyone rather than enriching corporate producers and state tax coffers. Of about 30 people who spoke at the first of 15 “listening sessions” ………
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9/07/2018
A recent SurveyMonkey poll by PCI suggests a majority of people in Florida, Louisiana, Texas and North Carolina have not prep -More- ……
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9/07/2018
Approximately 380,000 payment cards were affected in a British Airways breach, the company says. -More- ……
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9/07/2018
The capacity for outstanding catastrophe bonds has surpassed $30 billion, reports Aon Securities, while catastrophe bond issu -More- ……
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9/07/2018
A report from the National Academies of Sciences, Engineering and Medicine highlights the dangers of cyberthreats to US elect -More- ……
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9/07/2018
Weeks of severe flooding in Wisconsin have resulted in more than $200 million in damages as of Thursday, with most of the dam -More- ……
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9/07/2018
Ford is recalling more than 1.6 million F-150 trucks for a flaw in the seat belt pretensioner that could cause sparks and a f -More- ……
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9/07/2018
Two recent wildfires in California have resulted in more than 10,000 insurance claims and $845 million in insured losses. -More- ……
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9/07/2018
It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100 million for another brokerage ………
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9/07/2018
The U.S. government on Thursday charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyber assault on Sony Corp , U.S. officials said. The charges, part of a strategy by the U.S. ………
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9/07/2018
The sight of a flooded Kansai International Airport and 3,000 stranded people after Typhoon Jebi slammed into southern Japan this week should be a warning to the world’s infrastructure investors. Airports have been a highly rated asset class over the ………
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9/07/2018
Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their journey to identify, quantify and mitigate ………
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9/06/2018
Japanese insurer Tokio Marine Holdings Inc. agreed to buy a minority stake in South Africa’s Hollard Insurance Co. Ltd. to help both companies expand through Africa. Tokio Marine will pay 5 billion rand ($327 million) for a 22.5 percent shareholding ………
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9/06/2018
Insurance and risk management services firm, Gallagher, has promoted Steve Kluting to national director of product recall in its Food & Agribusiness Practice Group As a “food lawyer” with 18 years of experience, Kluting helps Gallagher’s food, beverage and restaurant ………
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9/06/2018
Houston-based managing general agency and wholesale insurance broker Myron Steves has hired Jennifer Flake as director of Transportation. She is based in Dallas. Flake will be responsible for overseeing all aspects of the firm’s transportation business including the long-haul trucking, ……
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9/06/2018
One of the sports world’s biggest advertisers, State Farm doubled down this week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State Farm Stadium, commitments of 20 and 18 ………
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9/06/2018
The newly formed healthcare venture of Amazon.com Inc, Berkshire Hathaway Inc. and JPMorgan Chase & Co. on Tuesday hired Jack Stoddard as chief operating officer. Stoddard was previously general manager for digital health at Comcast Corp. His appointment is effective ………
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9/06/2018
Major hotel chains including Marriott International Inc and Hilton Worldwide Holdings Inc. said on Thursday they are arming U.S. employees with panic buttons to fight sexual harassment and crime, an about-face for an industry that has opposed the idea for ………
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9/06/2018
Former National Football League players who claim they suffered permanent damage, addiction or other harm from being routinely given opioids and painkillers to keep them on the field had their lawsuit against league revived by an appeals court. A federal ………
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9/06/2018
A Mississippi woman whose uterus ruptured during childbirth has been awarded more than $2 million in a medical malpractice lawsuit against an OB-GYN. The Columbus Dispatch reports a jury awarded Talanda Blevins the funds on Friday. She sued Dr. James ………
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9/06/2018
XL Catlin has added Kimberly Hans to its Broker & Client Management team as Southeast Regional leader. Hans is based in Atlanta and reports to Robert Peretti, XL Catlin’s Head of Broker & Client Management in North America. Hans joins ………
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9/06/2018
NSI Insurance Group has expanded its South Florida operations through a merger with Weinstein Insurance Services, an independent agency in Coral Gables, Fla. Weinstein Insurance Services President Jay Weinstein and his team will join NSI Insurance Group’s Miami Lakes office, ………
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9/06/2018
Tropical Depression Gordon moved north on Thursday, threatening central U.S. states with heavy rain, while Hurricane Florence churned toward Bermuda, packing maximum sustained winds of 115 miles per hour (185 kph), forecasters said. Some parts of northwest Mississippi and much ………
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9/06/2018
Matching grants of up to $5,000 to improve workplace safety and health are being made available for Michigan companies that have up to 250 employees. Michigan’s Occupational Safety and Health Administration says the goal of the MIOSHA Workplace Improvement to ………
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9/06/2018
A pair of ruby slippers used in “The Wizard of Oz” and later stolen from a Minnesota museum were recovered in a sting operation after a man approached the shoes’ insurer and said he could help get them back, the ………
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9/06/2018
West Texas police say four people were injured in a traffic accident after a passenger riding a motorcycle tried to pick up her cellphone after dropping it on the road. The El Paso Times reports that a passenger on a ………
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9/06/2018
Independent specialty managing general agent Nexus Group has acquired Huntington Underwriting Ltd. (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre, Malaysia. HUL has been in operation since 2014 as an associate of the ………
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9/06/2018
Swiss Re Corporate Solutions has appointed Sandy Codding as global head of Cyber & Technology. In this role, Codding is responsible for overseeing cyber and technology underwriting guidelines, rating methodology, distribution relationships, product sales and new product development. Globally, he…
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9/06/2018
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that the company is launching SomPro, a global financial and professional lines platform encompassing insurance and reinsurance capabilities. SomPro said it aims to deliver market-l…
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9/06/2018
Teens who took a supplemental drivers’ education program ” including tours of emergency rooms, intensive care units and a morgue ” showed greater awareness of the consequences of risky driving and of how they can avoid dangers, a Baylor University ………
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9/06/2018
The Delta fire in Northern California began on Wednesday and quickly grew to 2,000 acres, leading to the evacuation of dozens -More- ……
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9/06/2018
The National Institute of Standards and Technology has announced that it will be creating a framework to guide companies in p -More- ……
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9/06/2018
The National Council on Compensation Insurance is proposing that Tennessee make a 19.1% reduction in workers’ compensation vo -More- ……
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9/06/2018
Uber is introducing safety measures for its passengers and drivers including the Ride Check feature, which provides notificat -More- ……
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9/06/2018
Toyota is recalling 192,000 Prius cars in the US because of a problem with an engine wire harness that connects to the power -More- ……
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9/06/2018
This year is poised to bring more than 500 insurance broker mergers and acquisitions for the second year in a row, according -More- ……
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