Insurance Wiki How

Brightway Insurance has opened an office in Redwood City, Calif. The firm this week also opened its first office in Kansas, as well as in Texas. Manny Aguilar is opening Brightway, The Aguilar Agency in Redwood City. Other Brightway openings … from News – Insurance Journal https://ift.tt/2tMDBfx

Talage Inc. is an insurtech to its core – both in function and name. The Reno, Nev.-based software platform designed to help small business owners compare and quickly purchase a range of commercial insurance policies announced this week that it … from News – Insurance Journal https://ift.tt/2tHdR3V

Online brokerage aha insurance has been named the official provider of home and auto insurance for the Toronto Argonauts, Maple Leaf Sports & Entertainment (MLSE) announced in a press release on Friday. “As our first official corporate sponsorship, we’re both thrilled and honoured to be partnering with the Toronto Argos and be recognized as the official home and auto insurance of the team,” said Steve Livingstone, president and CEO of aha insurance. The deal includes aha insurance branding on stadium signage, premium season tickets, hospitality assets and access to an exclusive VIP suite hosted for an aha insurance customer appreciation evening during a home game. “We’re very pleased to welcome aha insurance aboard as a new partner and the chance to work together as we make our fans and city proud of this historic franchise,” said Bill Manning, president of the Toronto Argonauts. Canadian Insurance Top Broker is now on Facebook ( facebook.com/TopBrokerMag )  as well as Lin...

Glen Mulready, a long-time insurance professional and state representative, in the June 26 primary won the Republican nomination to be Oklahoma’s next insurance commissioner. He will face Democratic challenger Kimberly Fobbs in the November general election. Mulready has 35 years … from News – Insurance Journal https://ift.tt/2tP6Ayd

Hanover Stone Solutions, an advisory firm providing risk consulting services, including enterprise risk management (ERM), ORSA compliance and strategic planning consulting, to U.S. property/casualty and life insurance companies, has appointed Edward “Ned” K. Loughridge as a senior advisor in Chicago. … from News – Insurance Journal https://ift.tt/2KiRwUT

Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado. Automation … from News – Insurance Journal https://ift.tt/2KyoDji

Spanish insurance company Mapfre has agreed to buy remaining interest in its Brazilian non-life and life joint ventures with Banco do Brasil for €546m. from IBR - News https://ift.tt/2IDUAVJ

Validus Specialty Underwriting Services announced the appointment of Bob Eells as senior vice president and chief operating officer of Validus Specialty, Western World and Crop Risk Services. Leading operations and business enablement will be among his chief responsibilities. Eells, who … from News – Insurance Journal https://ift.tt/2IC9njN

President Donald Trump’s administration has approved federal disaster assistance for individuals affected by flooding on two Hawaii islands in April. People on Kauai and Oahu may apply for grants to cover damage to their homes, for disaster unemployment insurance and … from News – Insurance Journal https://ift.tt/2tQRkkv

A federal jury in Denver, Colo. awarded $383.5 million to the families of three patients who died of cardiac arrest after treatments at clinics run by dialysis provider DaVita Inc. Attorneys for the families said the Denver-based company treated the … from News – Insurance Journal https://ift.tt/2tCwDJW

A boy who lost his leg and part of his pelvis after a tree fell on his tent during a camping trip at a public park will receive $47.5 million from a California municipality and utility in a lawsuit settlement, … from News – Insurance Journal https://ift.tt/2lHA7WY

Lloyd’s today announced that Chief Executive Officer Inga Beale will step down next year after leading the global insurance and reinsurance market for five years. An exact departure date has not yet been set. Beale joined Lloyd’s in January 2004, … from News – Insurance Journal https://ift.tt/2yX3oXe

Massachusetts Governor Charlie Baker has signed into law an act that will mandate an annual August sales tax holiday, increase minimum wage over the next five years and create a new paid family and medical leave program in Massachusetts. The … from News – Insurance Journal https://ift.tt/2tMD3oZ

Kroger Co. is about to test whether it can steer supermarket customers away from crowded grocery aisles with a fleet of diminutive driverless cars designed to lower delivery costs. The test program announced Thursday could make Kroger the first U.S. grocer to make deliveries with robotic cars that won’t have a human riding along to take control in case something goes wrong. Cincinnati-based Kroger is teaming up with Nuro, a Silicon Valley startup founded two years ago by two engineers who worked on self-driving cars at Google. That Google project is now known as Waymo, which plans to introduce a ride-hailing service that is supposed to begin picking up passengers in fully autonomous cars by the end of this year. Like Waymo, Kroger is only saying its self-driving delivery service will start by the end of this year. The location of the delivery service hasn’t been determined yet either, although it most likely will involve Fry’s supermarkets in California or Arizona, said Nuro co-fou...

The U.S. Senate passed (86-11) a Farm Bill that continues subsidies for farmers along with the federal crop insurance and food stamp programs for five years. The $867 billion Senate bill also contains an amendment to prevent the National Flood … from News – Insurance Journal https://ift.tt/2MysDBf

New Brunswick says it will be ready for cannabis sales when it becomes legal in October—but the delay from the original July startup will cost the province millions. Finance Minister Cathy Rogers says all 20 Cannabis NB locations will be open on Oct. 17 and staff will be hired and trained this summer. She says an original forecast of $6 million in revenues this year will be more like $3.6 million because of the delays in Ottawa getting Bill C-45 passed. “Given the delay, we are now projected to be revenue neutral for this fiscal year. Our original projections at budget were modest and at the lower end of the spectrum,” she said. Rogers said 2019-2020 will be the first full fiscal year for legalized recreational cannabis sales, and it might take a few quarters before her department is able to make informed forecasts on revenues. Rogers still won’t reveal the prices to be charged in New Brunswick. The province is imposing strict regulations on the sale, transport and use of cannabi...

Great American Insurance Group has hired Christopher M. Banocy as divisional vice president for Innovation Strategy within its Property & Casualty Group. In this role, Banocy will provide leadership, strategy, and direction surrounding the company’s innovation efforts. He joins Great … from News – Insurance Journal https://ift.tt/2Kt9pMy

Hospital outpatient payments were higher and growing faster in states with percent-of-charge-based fee regulations or no fee schedules, finds a study from the Workers Compensation Research Institute (WCRI) that compares 35 states. States with percent-of-charge-based fee regulations had substantially higher … from News – Insurance Journal https://ift.tt/2tEkXGm

The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimap® risk management certification program. The agreement allows ALARYS to offer the FERMA certification to … from News – Insurance Journal https://ift.tt/2KyMUFY

Taking time off helps the majority of U.S. workers recover from stress and experience positive effects that improve their well-being and job performance, but for nearly two-thirds of working adults, the benefits of time away dissipate within a few days, … from News – Insurance Journal https://ift.tt/2KxH1MG

CEO will depart in 2019 after five years in the role. from Insurer - insuranceage.co.uk https://ift.tt/2KAHo90

More than one in three U.S. employers offers paid maternity leave beyond the amount required by law, up from one in six earlier this decade, according to new data from the Society for Human Resource Management. All 20 of the … from News – Insurance Journal https://ift.tt/2tCXrcQ

Chubb has appointed Matthew Hardy as executive vice president, Global Energy, Chubb Overseas General. The appointment is effective July 1 and Hardy will report to Timothy O’Donnell, the newly appointed division president, Commercial Property & Casualty, Chubb Overseas General. Hardy … from News – Insurance Journal https://ift.tt/2tLgB0r

The five most read stories of the week include news about products, aggregators and Folgate, as well as a blog from Huw Evans and the UK Broker Awards 2018 shortlist. from Insurer - insuranceage.co.uk https://ift.tt/2tEDkLx

Caroline Wayman, of the Financial Ombudsman Service, explains how anybody can become vulnerable and calls on the market to drive awareness. from Insurer - insuranceage.co.uk https://ift.tt/2yWiU5M

Hanover Stone Solutions, an advisory firm providing risk consulting services to U.S. property and casualty and life insurance companies, has appointed Joanne Morrissey and Gary Dubois as senior advisors based in New York City. The executives will have roles in … from News – Insurance Journal https://ift.tt/2MxdGPz

State Treasurer Denise Nappier announced Wednesday that 21 Connecticut Higher Education Trust college savings accounts were recently breached, resulting in more than $1.4 million in unauthorized withdrawals. Nappier said her office was advised of the breach by TIAA-CREF Tuition Financing … from News – Insurance Journal https://ift.tt/2Mwmi9e

Citibanamex, a subsidiary of Citigroup Inc., and Chubb Seguros México, an affiliate of Chubb Ltd., announced a definitive long-term agreement where Chubb will provide a range of non-life insurance products to Citibanamex’s consumer bank clients in Mexico, subject to regulatory … from News – Insurance Journal https://ift.tt/2KwqPet

A possible chemical leak at a Massachusetts electronic cigarette manufacturer resulted in a hazmat response and the hospitalization of dozens of plant workers. Officials say a hazmat team was called to the e-cigarette plant in Salem Sunday afternoon to investigate … from News – Insurance Journal https://ift.tt/2KvBF4s

Test your knowledge of the week's news with our topical quiz. from Insurer - insuranceage.co.uk https://ift.tt/2lFpaFg

China is slowly following through on pledges to open up to foreigners, as an impending trade war with the U.S. focuses attention on Beijing’s grip over doing business in the world’s second-largest economy. On Thursday the government formalized the easing … from News – Insurance Journal https://ift.tt/2tPKJ9N

In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data. The system, which involves sending information to a centralized computer linked … from News – Insurance Journal https://ift.tt/2N9xhq9

Letters to the Editor is a periodic Kaiser Health News feature. KHN welcomes all comments and will publish a selection. We edit for length and clarity and require full names. Kaiser Health News’ June 20  scoop on the exact number of children under age 13 who had been detained at the border under the Trump administration’s “zero tolerance” immigration policy got wide attention, including from investigative news outlet ProPublica and Hollywood legend Mia Farrow: What about the 2322 children under 12 years old, who are currently being detained by Trump administration? When will they be united with their parents? What is the process? https://t.co/j6VyXjMgNS — Mia Farrow (@MiaFarrow) June 20, 2018 In walking back into the past, we are now in the year 1941! https://t.co/qXrAjKFS6M — Andrej Mrevlje (@andrejmrevlje) June 21, 2018 — Andrej Mrevlje, founder and editor of Yonder , Washington, D.C. ‘Pain Pills’ Or Intoxicants? A thought on Julie Appleby’s article...

Investigators in one north Mississippi County are looking for thieves who have been riding all-terrain vehicles to break into cars at night. WHBQ-TV reports that at least two dozen vehicles in a rural area of southern Panola County have been … from News – Insurance Journal https://ift.tt/2tEFivm

REIN, an insurtech company providing insurance for risks posed by robotics, mobility and online ecosystems, has launched its first digital portal, DroneInsurance.com, offering drone insurance for commercial drone operators. DroneInsurance.com is an online automated platform for commercial drone operators. For … from News – Insurance Journal https://ift.tt/2Nb7azd

That’s one way to burn calories. Des Moines television station KCCI reports that a semitrailer carrying chocolate from Hershey, Pennsylvania, caught fire Wednesday on Interstate 80 near Dexter in west-central Iowa. The Iowa State Patrol says the truck was headed … from News – Insurance Journal https://ift.tt/2N7DRO0

State Farm Mutual Automobile Insurance Co. will decrease its auto rates in North and South Carolina, impacting more than 2 million customers in both states. According to a statement from the insurer, State Farm’s overall personal auto rate will drop … from News – Insurance Journal https://ift.tt/2KwBLWr

The family of a central Indiana couple who died after a repeat drunk driver struck them in Seattle has settled a wrongful death lawsuit against the West Coast city for $13 million. The family of Dennis and Judy Schulte settled … from News – Insurance Journal https://ift.tt/2IBfQLO

SUNUP Insurance Services has hired 35-year insurance industry veteran Jim Westerman as president and chief operating officer. In this role, Westerman will work with the SUNUP team to expand the distribution footprint across the U.S. market through the recruitment and … from News – Insurance Journal https://ift.tt/2yVgELY

The Texas Department of Insurance is one of 15 employers across the nation to earn the 2018 Secretary of Defense Employer Support Freedom Award, the highest honor given for support of National Guard and Reserve employees. TDI reported it was … from News – Insurance Journal https://ift.tt/2lGGnhG

After Hurricane Harvey inundated David Bush’s Richmond, Texas, home with 20 inches of rain, he knew he wanted to rebuild but was worried about how his property could be protected from the next big storm. So, Bush came up with … from News – Insurance Journal https://ift.tt/2Kzc5rS

Meredith Thomas, an independent broker of Neenah, Wisconsin-based Jewelers Mutual Insurance Group, was recently recognized for his outstanding achievements as the 2018 recipient of the company’s Legacy Award. The award was presented before an audience of his agent and broker … from News – Insurance Journal https://ift.tt/2KAXYpD

Risk management services firm, Hanover Stone Partners, has tapped Ellen Shew Holland to lead its newly established national higher education practice. She is based in Dallas. Shew Holland will lead a practice that will focus on providing a wide range … from News – Insurance Journal https://ift.tt/2N7ORLn

John Matthew Polous watched a “controlled-burn” fire for three days as it consumed foliage outside his tiny community on the Florida Panhandle. And then he watched as it quickly raged out of control. What he doesn’t understand is why it … from News – Insurance Journal https://ift.tt/2tKTIJy

A child’s shooting death caused by an apartment management company employee shooting — and encouraging others to shoot — a handgun was the result of gross negligence, said a federal appeals court in overturning a lower court decision in an insurance coverage dispute. from Business Insurance https://ift.tt/2Kj0zFd

Total workers compensation insurer combined losses and expenses incurred in 2017 were $16.2 billion, or 91% of calendar year premium, compared with $16.9 billion, or 94% of calendar year premium, in 2016, the Oakland, California-based Workers’ Compensation Insurance Rating Bureau reported Tuesday. from Business Insurance https://ift.tt/2Kj0hy0

AssuredPartners Inc. on Thursday said it has acquired London-based B&W Brokers Ltd. from Business Insurance https://ift.tt/2N8o41u

The governor has declared an emergency after eight people were injured when a tornado slammed into a small town in eastern Kansas. The tornado touched down Tuesday night in the Greenwood County town of Eureka, about 60 miles (100 kilometers) … from News – Insurance Journal https://ift.tt/2lEpeVP

Texas-headquartered independent brokerage, RHSB, has added Lane Allen as assistant vice president in its Personal Client Services Practice. Based in Dallas, Allen will be a personal risk advisor providing concierge services to clients with emerging and established wealth who have … from News – Insurance Journal https://ift.tt/2tA3yyq

A federal court in Dallas on June 27 halved the $500 million verdict that a jury ordered Facebook Inc., its virtual reality unit Oculus, and others to pay ZeniMax Media Inc., a video game publisher that alleged Oculus stole its … from News – Insurance Journal https://ift.tt/2IDVuli

Oklahoma voters on June 26 backed the medicinal use of marijuana, overcoming a late opposition campaign from law enforcement and business, faith and political leaders. State Question 788, the result of an activist-led signature drive launched more than two years … from News – Insurance Journal https://ift.tt/2KrhmSn

A judge has ruled in favor of a Missouri-based brewery in a lawsuit alleging the company copied the name and can design of a Maine-based brewery’s signature export ale. U.S. District Judge Nanette Laughrey ruled in favor of Columbia’s Logboat … from News – Insurance Journal https://ift.tt/2KiMojt

The Wisconsin Supreme Court upheld the state’s cap on noneconomic medical malpractice damages on June 27, reversing an appellate ruling that awarded $15 million to a woman who had all four limbs amputated after a mishandled infection. The court ruled … from News – Insurance Journal https://ift.tt/2Ku4Od1

The lawsuit that pitted a YouTube-posting mother gushing over her bouncing tot to Prince’s “Let’s Go Crazy” and the owners of all Prince’s works went a little nuts: the dancing baby is now 12 and reportedly in middle school as parties reached a settlement Tuesday. from Business Insurance https://ift.tt/2yXykXw

(Reuters) — The U.S. Justice Department has announced charges against 601 people, including doctors and nurses, for taking part in health care fraud and opioid-related crimes that resulted in more than $2 billion in losses. from Business Insurance https://ift.tt/2tDlHeT

from Business Insurance https://ift.tt/2yXgSSC

(Reuters) — A former Equifax Inc. software development manager was charged with insider trading before the credit reporting company disclosed a cyber attack that exposed the personal data of about 148 million people last year. from Business Insurance https://ift.tt/2KrdWip

Sandwich shop franchiser Jimmy John’s L.L.C. and other of its corporate entities are not joint employers with its franchisees, says a district court, in a long-running Fair Labor Standards Act case filed by plaintiffs who have worked as assistant managers in the company’s franchisee stores. from Business Insurance https://ift.tt/2tCg0Ov

Canadian homeowners are more satisfied with their insurance providers, despite the fact that premiums have been on the rise, according to the J.D. Power 2018 Canada Home Insurance Study . Overall satisfaction has risen for the third consecutive year, now at 786 (on a 1,000-point scale). Rising customer satisfaction can be attributed to step-change improvements in channel performance. Higher levels of satisfaction are driven by the industry’s collective focus on improving the way customers interact with their brands, particularly local agent and online relationships, says a media release. “Insurers understand the important role channels play in shaping customer satisfaction,” says Tom Super, director of the Insurance Practice at J.D. Power. “Within an environment that has experienced both premium increases and several large CAT events, an effective channel strategy can help mitigate the negative effects of those events if managed properly.” On the issue of rate action, ...

(Reuters) — A federal court in Dallas halved the $500 million verdict that a jury ordered Facebook Inc., its virtual reality unit Oculus, and others to pay ZeniMax Media Inc., a video game publisher that alleged Oculus stole its technology. from Business Insurance https://ift.tt/2lCLjnU

Economical Insurance has announced that the company’s demutualization conversion plan, a detailed document that outlines how Economical intends to convert from a mutual company to a widely-held company with common shares, has been submitted to its principal regulator, the Office of the Superintendent of Financial Institutions (OSFI). The conversion plan contains the agreed-upon method of allocating financial benefits resulting from demutualization, opinions from actuarial and financial experts, and the detailed legal particulars to effect demutualization. The agreement on allocating financial benefits was reached by court-appointed committees representing eligible mutual policyholders and eligible non-mutual policyholders, supported by their counsel and inputs from a group of experts at top consulting, financial, and actuarial firms. The original deadline for submitting the conversion plan was extended by OSFI earlier this year to allow more time to complete the plan, and the pro...

(Reuters) — Insurance companies must spell out to new and existing customers the possible impact of Brexit on billions of euros in cross-border policies, the European Insurance and Occupational Pensions Authority said. from Business Insurance https://ift.tt/2KuFdkn

As the U.S. Senate prepared to consider amendments to its version of a farm bill, Sen. John Kennedy (R., La.) on Wednesday inserted a proposal to reauthorize the National Flood Insurance Program (NFIP) for six months. The program extension, which … from News – Insurance Journal https://ift.tt/2tCyYUU

Long thought to be less interested in vehicle ownership and driving, 81% of millennial drivers in America say they like, love or are passionate about driving, finds a survey by Hagerty. These findings are in line with Gen Xers (78%) and baby boomers (79%). Further, 57% of all drivers believe a movement will be needed to preserve the driving experience when autonomous cars are the norm. “Full autonomy is going to save lives, make commuting easier and unclog cities,” says  McKeel Hagerty , CEO of Hagerty. “But these survey results indicate that people, including millennials, are always going to want to drive themselves.” Here are some additional findings. 79% of all respondents are passionate about, love or like driving. 85% say driving is an important part of American culture. 81% say learning to drive a car is a rite of passage worth preserving. 71% say driving is often fun even when they’re not driving for fun. 70% say driving is “time for my...

The ABI highlighted its work around dual pricing this week. Siân Barton supports the crackdown by Biba and the ABI, particularly how it could help vulnerable customers. from Insurer - insuranceage.co.uk https://ift.tt/2MyhC2T

California Insurance Commissioner Dave Jones is irked that the insurance industry has worked to alter legislation he supports that he says is aimed at strengthening consumer protections for wildfire survivors. Senate Bill 894, authored by Senator Bill Dodd, D-Napa, is … from News – Insurance Journal https://ift.tt/2KsOqwM

A federal appeals court has overturned a lower court ruling and held that Uber Technologies Inc. cannot compel plaintiffs in a putative class action suit to arbitrate their claims because the arbitration agreement provided during its registration process was inconspicuous. from Business Insurance https://ift.tt/2lELZck

A 58-year-old Southern California woman has been awarded $31 million in an age discrimination case against her former employer. Codie Rael of Ontario sued Washington-based Danaher Corp. and two subsidiaries, claiming that Rael’s bosses repeatedly made remarks that she was … from News – Insurance Journal https://ift.tt/2yQuG1z

Bargain basement bud is on the menu in California, but you need to act fast to cash in on the cheap weed. Regulations being phased in six months after the state broadly legalized marijuana require that pot sold after Saturday … from News – Insurance Journal https://ift.tt/2lDGIla

A few blocks from the 58-story Millennium Tower, dubbed “the leaning tower of San Francisco,” another building appears to be sinking. An 18-story building in the city’s financial district appears to have settled up to three-eighths of an inch because … from News – Insurance Journal https://ift.tt/2MuZS8o

Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable threat to pharmacy chains including … from News – Insurance Journal https://ift.tt/2yQIXez

Italian insurance company Generali Group has agreed to increase its stake in its insurance ventures in India to 49% from 25.5%. from IBR - News https://ift.tt/2Kg7pvc

Selective Insurance Company of America, a subsidiary of Branchville, N.J.-headquartered Selective Insurance Group Inc., has announced the following officer appointments. Maria Orecchio has been appointed to senior vice president and deputy general counsel. Orecchio joined Selective in 2014 as vice … from News – Insurance Journal https://ift.tt/2Ks8YW6

Federal authorities investigating a gas explosion that leveled a Pennsylvania home last year, killing one utility worker and injuring two other workers, are urging changes to prevent incorrect installation of a gas distribution system component. The National Transportation Safety Board … from News – Insurance Journal https://ift.tt/2N4MVmM

Authorities say three people were hurt, one critically, at a Manhattan construction site when a mini crane rolled over and fell from the fourth floor to the street below. Officials said it happened Monday morning while workers were installing a … from News – Insurance Journal https://ift.tt/2KiduqX

A New Jersey judge who was injured in a fall outside a courthouse has filed a $1 million claim against the city of Camden. The Courier-Post reported Camden County Assignment Judge Deborah Silverman Katz says in her claim that she … from News – Insurance Journal https://ift.tt/2MuwDT1

Cambridge, Mass.-based online insurance agency EverQuote Inc. announced the pricing of its initial public offering of 4,687,500 shares of its Class A common stock at a public offering price of $18 per share. The shares are scheduled to begin trading … from News – Insurance Journal https://ift.tt/2tK7vAc

Equifax Inc. on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten up security. Equifax’s disclosure … from News – Insurance Journal https://ift.tt/2tMONrD

The biggest patent battle of the modern technology world has finally come to an end after seven years. Apple Inc. and Samsung Electronics Co. told a judge Wednesday they’d resolved the first filed but last remaining of the legal disputes … from News – Insurance Journal https://ift.tt/2yPr6o7

Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said. Generali and Viridium declined to … from News – Insurance Journal https://ift.tt/2IzX6fx

The probability of a major earthquake occurring within the next 30 years has increased significantly in eastern Hokkaido in northern Japan according to a new seismic hazard map. from Business Insurance https://ift.tt/2IzUX3t

Shippers and businesses are likely to face supply-chain disruptions as container ports in the United Kingdom transition to new IT systems to manage port operations. from Business Insurance https://ift.tt/2N6Cu2g

Laurent Blasquez, president for France at Bermuda-based Sompo International Holdings Ltd., said that the insurer is looking to expand its operations in the transport segment amid a rise in online shopping. from Business Insurance https://ift.tt/2IzUUoj

Barbados-based reinsurer The Microinsurance Catastrophe Risk Organisation has launched a new parametric insurance product in El Salvador to provide business interruption cover to farmers and small businesses. from Business Insurance https://ift.tt/2IzNCkp

Digitalization in the insurance industry and stricter regulations are forcing several Belgian insurance brokers to sell off their operations. from Business Insurance https://ift.tt/2KcUj1L

U.S.-based actuarial firm Milliman Inc. has set up a new office in Israel as part of its ongoing plans for expansion in the Middle East region. from Business Insurance https://ift.tt/2MxM2SS

An oil spill at the Port of Rotterdam has disrupted shipping of petrochemicals and U.S.-based Exxon Mobil Corp.'s refinery operations. from Business Insurance https://ift.tt/2KnTP8n

India-based Go Digit General Insurance Ltd. has acquired 100% stake in local reinsurer ITI Reinsurance Ltd. for about 5 billion Indian rupees ($73 million). from Business Insurance https://ift.tt/2Mu4rzG

Milliman Inc., the global consulting and actuarial firm, announced it is opening an office in Tel Aviv, which will provide the full gamut of insurance and actuarial consulting services. Benny Gabbay, a leading figure in the Israeli insurance industry, and … from News – Insurance Journal https://ift.tt/2tLIV1E

German auto supplier Robert Bosch GmbH is teaming with Canadian startup Mojio to get more vehicles connected wirelessly to a wide range of digital services, from insurance companies to emergency responders, the companies said on Wednesday. Bosch said it was … from News – Insurance Journal https://ift.tt/2lDekzC

A report by the Bank of England found that 80% of companies cited political uncertainty related to Brexit as the biggest risk to the country's financial system. from Business Insurance https://ift.tt/2MxLfBo

Malaysia’s central bank is considering granting extensions to some foreign insurers to give them more time to trim stakes in their local ventures, people with knowledge of the matter said. Foreign insurers are expected to be given additional time to … from News – Insurance Journal https://ift.tt/2tKhUfa

Chinese President Xi Jinping wants women to have more babies. That’s proving to be a costly goal. After government-run insurance funds paying for maternity leaves suffered revenue shortfalls for the first time, Xi’s government has begun taking steps to shore … from News – Insurance Journal https://ift.tt/2MwEK1v

AssuredPartners Inc., the Lake Mary, Fla.-based insurance broker, has acquired B&W Brokers Ltd. of London. Specializing in providing casualty and property insurance and placing binding authorities, B&W services clients in Canada, Australia, the United Arab Emirates (UAE) and North America. … from News – Insurance Journal https://ift.tt/2N5aThS

The PIB-owned underwriter first introduced the cover in 2015 and has added cyber loss recovery plus a number of features to the policy. from Insurer - insuranceage.co.uk https://ift.tt/2KuVTeK

JLT FAC, part of JLT Re, a global provider of reinsurance broking and consultancy, has appointed two senior executives in London and its U.S. team. In London, Nikki Melbourne will join the firm as partner. She joins from RSA where … from News – Insurance Journal https://ift.tt/2Iy27VS

Research shows second best underwriting result since records began in 1985. from Insurer - insuranceage.co.uk https://ift.tt/2N6D1kE

(Reuters) — A former executive at Och-Ziff Capital Management Group pleaded not guilty to U.S. criminal charges related to the fund firm’s activities in Africa. from Business Insurance https://ift.tt/2KdbzE0

(Reuters) — Hackers from Russia are infecting Ukrainian companies with malicious software to create “back doors” for a large, coordinated attack, Ukraine’s cyber police chief told Reuters. from Business Insurance https://ift.tt/2KtPoFT

Hurricane Harvey battered Deven Bhakta’s Port Aransas, Texas, hotel until it was uninhabitable. The Austin American-Statesman reports the Category 4 hurricane’s 130 mph winds blew out windows and stripped parts of the roof off the three-story Holiday Inn Express, while … from News – Insurance Journal https://ift.tt/2yTU2v8

Digital small business insurance agency CoverWallet, which is partly owned by insurers Zurich Insurance and Starr Companies, is expanding its distribution by letting other small businesses such as accountants and lenders offer its policies from leading carriers. The company is … from News – Insurance Journal https://ift.tt/2tuLyFV

North Dakota businesses that rely on truck drivers for supplies have been experiencing delays due to mandated electronic logging devices. Delivery times to Dakota Gasification Co. have sometimes doubled or tripled after the Federal Motor Carrier Association began requiring the … from News – Insurance Journal https://ift.tt/2tHxesQ

Alliant Insurance Services Inc. has hired Brian Hotard as vice president within the firm’s Energy and Marine Group. He is based in Alliant’s Metairie, Louisiana, office. Hotard joins Alliant with extensive experience providing a full range of property/casualty insurance products … from News – Insurance Journal https://ift.tt/2Ivy1md

Iowa-based Holmes Murphy has named John Hurley II as president of Property Casualty Brokerage Services. Hurley was formerly senior vice president of Property Casualty, and this new title reflects the high-caliber work Hurley has done and will continue to accomplish. … from News – Insurance Journal https://ift.tt/2lFBHsC

A Nebraska Natural Resources District is opening Omaha’s newest park and lake after spending nine years developing the $44 million project. The Omaha World-Herald reports that the Papio-Missouri River district will open Flanagan Lake on Wednesday. The area also includes … from News – Insurance Journal https://ift.tt/2yUabRE

Lincoln officials are inviting residents to help test out an all-electric, driverless shuttle bus for a pilot program that could bring more autonomous vehicle services to the city. The public will have a chance to reserve a 15-minute ride on … from News – Insurance Journal https://ift.tt/2lEAIsq

President Donald Trump has approved Oklahoma’s request for a disaster designation after wildfires scorched western parts of the state in the spring. Trump approved the declaration Monday and ordered federal assistance to supplement state and local recovery efforts in areas … from News – Insurance Journal https://ift.tt/2tyhHw7

A former spokesmodel for Bayer laxatives filed a suit against the pharmaceutical company, claiming it is trying to avoid renegotiating by creating a bobblehead doll in her likeness, The New York Daily News reported Tuesday. from Business Insurance https://ift.tt/2lFywBc

from Business Insurance https://ift.tt/2N5HBPV

Voters in Oklahoma on Tuesday approved a measure that will legalize the use, sale and growth of medical marijuana. from Business Insurance https://ift.tt/2IxHQQr

from Business Insurance https://ift.tt/2Kvd5h2

Folgate Insurance Co. Ltd. has received approval from the UK’s Prudential Regulation Authority (PRA) to start writing primary insurance, as well as reinsurance. All business written through Folgate will be underwritten by managing general agent APC Underwriting – in a … from News – Insurance Journal https://ift.tt/2tIR0nY

An insurance policy unambiguously states legal action in connection with a loss must be filed within two years after the loss occurred, said a federal appeals court, upholding a lower court’s ruling in a Travelers Corp. unit’s favor. from Business Insurance https://ift.tt/2tIPDWi

Catastrophe Indices & Quantification Inc. (CatIQ) has launched Canada’s first ever insurance Industry Exposure Database (IED), developed with the support of the Canadian P&C industry, and in partnership with Zurich-based PERILS AG. The IED contains 2016 and 2017 year-end estimates of Canadian industry property sums insured by:   Canada Post Forward Sortation Area (FSA);   peril (windstorm, hail, fire, flood, sewer back-up, earthquake and volcanic eruption); line of business (personal, commercial, and motor hull); and cover type (building, vehicle, contents, business interruption and additional living expense, where applicable).   CatIQ’s IED is based on detailed exposure submissions from a majority of the Canadian insurance market. Consistent with PERILS’ methodology, CatIQ’s IED will be refreshed annually each spring effective 2019. Further, effective immediately, CatIQ will be producing industry loss estimates at the FSA level as follows:   th...

from Business Insurance https://ift.tt/2N4NX2c