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A Florida city has agreed to pay $40,000 to settle a wrongful death lawsuit for a mass-shooting at a Zombie-themed festival. The News-Press reports that the Fort Myers City Council passed the settlement for 20-year-old Expavious Taylor’s estate without comment … from News – Insurance Journal http://ift.tt/2xGF6LT

A fire has significantly damaged the emergency dispatch and ambulance services building in a Kentucky county. Elliott County Emergency Management director Jim Skaggs tells news outlets the fire started on Monday sometime between 12 a.m. and 1 a.m. Skaggs says … from News – Insurance Journal http://ift.tt/2gZQO19

Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, has added Justin Schmidt to the Paragon team as Program underwriter. He will be based in Orlando, Fla. According to Ron Ganiats, Paragon managing partner, Schmidt will lead Paragon’s Pest … from News – Insurance Journal http://ift.tt/2z4AOjd

The Omani government has announced it will set up a fund to help hit-and-run victims to cope with the financial burden they may face as a result of such accidents. from Recent Posts on (MiddleEast) http://ift.tt/2yjQf9N

There is still a lot of confusion surrounding a standard medical insurance and a critical illness policy among the public in the UAE, according to research commissioned by Friends Provident International (FPI). from Recent Posts on (MiddleEast) http://ift.tt/2lBBbP4

The Saudi Arabian Monetary Authority (SAMA) has issued a letter of no objection to a deal by Banque Saudi Fransi (BSF) to sell an 18.5% shareholding in Allianz Saudi Fransi (AzSF) to Allianz Group. from Recent Posts on (MiddleEast) http://ift.tt/2yjQba3

There’s some confusion about the differences between renters insurance and landlord insurance, but the concept is straightforward: If you own the rental property, get landlord insurance, but if you renting the property from someone else, you... from EINSURANCE.(com): EInsurance Journal Home Insurance Articles http://ift.tt/2gRtdMk

Farmers Insurance has filed a lawsuit in California against a pair of former employees and the Automobile Club of Michigan alleging the theft of trade secrets. The suit alleges violations of the California Trade Secrets Act, unfair competition, breach of … from News – Insurance Journal http://ift.tt/2z6Spcg

The ACA was originally written to reduce open enrollment availability starting in fall 2018 for 2019 coverage. But, the Centers for Medicare and Medicaid Services (CMS) has shortened the open enrollment period for the Affordable Care Act (ACA) a y... from EINSURANCE.(com): EInsurance Journal Health Insurance Articles http://ift.tt/2z12YOt

As with so many other sectors, artificial intelligence (AI) is tangibly changing the auto insurance industry. The goal is to improve customer service and safety, but also to save insurance providers and policy-holders money. One prediction is... from EINSURANCE.(com): EInsurance Journal Auto Insurance Articles http://ift.tt/2lAESVh

According to the Insurance Information Institute, 236.9 vehicles per 100,000 people were stolen in 2016. Depending on the kind of car you have and where you park it, you might just fall prey to car thieves yourself. If your car is stolen, ther... from EINSURANCE.(com): EInsurance Journal Auto Insurance Articles http://ift.tt/2yjzlIy

Workplace wellness programs have been helpful for larger companies in efforts to boost morale and enhance productivity, but what about small businesses? Even if you don’t have the budget for expensive solutions like an at-work gym, there are... from EINSURANCE.(com): EInsurance Journal Business Insurance Articles http://ift.tt/2iiUCHD

You’ve decided you’re at that point in life where others rely on you – perhaps a spouse, children or other dependents – and you’ve decided it’s probably a good idea to buy a life insurance policy. You want to ma... from EINSURANCE.(com): EInsurance Journal Life Insurance Articles http://ift.tt/2hrKVXF

The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data … from News – Insurance Journal http://ift.tt/2z2d6WV

Almost all senior insurance executives polled in a recent survey would welcome a common regulatory framework across ASEAN. 86% of those interviewed expressed this sentiment for insurance integration in the ASEAN Economic Community (AEC). from Recent Posts on (eDaily) http://ift.tt/2hqRoSC

India's largest non-life insurer --the New India Assurance, which is wholly-owned by the government-- has announced that it is offering 120 million equity shares to raise up to INR96 billion (US$1.48 billion). from Recent Posts on (eDaily) http://ift.tt/2zVyQ3V

The head of the Australian Medical Association (AMA) has said that "junk" health insurance policies are a problem for policyholders and dismissed as myths the idea that out-of-pocket medical costs are the cause of discontent among consumers with their health insurance and that medical expenses are the cause of increased premiums. from Recent Posts on (eDaily) http://ift.tt/2gQT0V2

Japanese insurer Aioi Nissay Dowa Insurance has announced that it will move one of its subsidiaries from London to Luxembourg ahead of Britain exiting the EU. from Recent Posts on (eDaily) http://ift.tt/2ikjDlN

Global reinsurer Swiss Re yesterday sold down 75 million Hong Kong-listed shares of New China Life Insurance in a deal worth about HK$3.55 billion (US$455 million), reported Reuters. from Recent Posts on (eDaily) http://ift.tt/2gPhvSt

Fighting yet another threat to its global business, Uber is warning that a bill before Brazil’s Congress on Tuesday would make ride-sharing apps impossible in Latin America’s largest nation, the company’s second-largest market. The Senate was expected to vote as early as Tuesday on a bill passed in April by the lower house that would require municipal governments to regulate ride-sharing apps, including requiring insurance for carrying passengers and pension benefits for drivers, as well as increased oversight of drivers and their cars. Related: Uber backs off plans to shutter Quebec operation, says it will continue for now As senators discussed the matter in the chamber, hundreds of drivers – of taxis and for ride-sharing apps – followed the session from the hallway, cheering those who spoke in favour of their positions. Some drivers called out the names of senators who disagreed with them and booed. Hundreds more from around Brazil parked their cars in front of Congress. Senate P...

MacLeod Norway recently announced that its chief operating officer, Louise King, will retire from the independent brokerage in December after more than 46 years with the company. King is described in an announcement as being instrumental to the Sydney, N.S.-based brokerage’s approach to technology and staff succession. Related: Brokers’ top five reads in September The responsibilities under King’s role will go to two people following her retirement to provide for regional leadership. John Pino has been appointed vice president of eastern operations and industry relations. He will be based in Sydney with offices in Sydney, Glace Bay, North Sydney and Baddeck reporting to him. Pino has close to 25 years of experience in all departments at MacLeod Lorway. Jennifer MacLeod has been appointed vice president of western operations and marketing and will be based in Bedford with offices in Port Hawkesbury, Guysborough, New Glasgow, Dartmouth and Kentville reporting to her. MacLeod has mor...

A federal appeals court has refused to set aside a $1.5 million default judgment against a Zurich Insurance Group policyholder whom the insurer has been unable to contact. from Business Insurance http://ift.tt/2h0hsHh

American International Group Inc., among the top stakeholders in the U.S. 401(k) marketplace, told its employees to oppose a congressional plan to severely limit 401(k) contributions, according to a screenshot obtained by the online news outlet Quartz Media. from Business Insurance http://ift.tt/2zVNUhF

QBE North America has formed a strategic program underwriting alliance with Professional Risk Facilities to offer coverage for miscellaneous errors and omissions, media liability, tech E&O and cyber. from Business Insurance http://ift.tt/2z3VTKE

President Donald Trump will nominate Scott Mugno as assistant secretary of the U.S. Labor Department’s Occupational Safety and Health Administration, the White House said. from Business Insurance http://ift.tt/2zm2KSw

The U.S. Department of Labor is appealing the Aug. 31 ruling by a federal judge that struck down the Obama administration’s overtime rule. from Business Insurance http://ift.tt/2h0rFDG

Massachusetts Gov. Charlie Baker has appointed Gary D. Anderson as commissioner of the state’s insurance division. from Business Insurance http://ift.tt/2zV4yOs

Everest Re swung to a third-quarter loss of $639.4 million compared with profit of $295.4 million a year ago, as it became the latest of several insurers and reinsurers to suffer the effects of the three hurricanes and other catastrophes. from Business Insurance http://ift.tt/2iR2jIF

American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In this newly created role, Townsend will lead the international operations of AIG’s General Insurance business, with responsibility for executing its … from News – Insurance Journal http://ift.tt/2z3n6Nw

Specialist insurer Beazley has unveiled a comprehensive suite of financial lines products in Spain, designed for the needs of a broad range of commercial and financial organizations. Led by Lorena Segovia, Beazley’s Spanish team of underwriters launch a set of … from News – Insurance Journal http://ift.tt/2zUWtcN

Transport Minister Marc Garneau introduced in the House of Commons on Monday a bill that would require large commercial vessels to carry insurance that would cover the potential cost of disposing abandoned ships. The new Wrecked, Abandoned or Hazardous Vessels Act would also make it illegal to abandon boats while empowering the government to go after the owners of the 600 derelict vessels already polluting the country’s waterways. Related: Federal government announces funding for Manitoba flood mitigation project Individuals who abandon a boat can face fines up to $300,000 and a six-month jail term, while corporations can be fined as much as $6 million. Now, owners who dump and run from decrepit vessels are not subject to any penalties and some see abandonment as the cheapest, easiest route when a boat is no longer operational, Garneau told a news conference. “This has to stop,” he said. Abandoned boats are an environmental hazard, sometimes sitting for years in harbours or aband...

Cayman Islands-based CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Trinidad & Tobago will receive a payout of US$7,007,886 (approximately TT$47.4 million) on an excess rainfall policy following a period of heavy rainfall between Oct. 18 and … from News – Insurance Journal http://ift.tt/2z1fqxK

Swiss Re Corporate Solutions appointed Jeff Summerville as head of its casualty business in North America. He is already leader of the insurer’s financial and professional lines for the same region and will continue in that role. Summerville succeeds Robley Moor as head of casualty in North America. Moor is currently a key account manager in the company’s sales arm. Related: Companies increasingly want cover for intangible assets, earnings: Swiss Re Summerville began managing the financial and professional lines businesses in 2014 and has overseen the expansion of the management liability, professional liability, cyber and transactional liability businesses. “Jeff’s considerable experience and proven success managing our financial and professional lines make him an ideal leader for our casualty business,” said Ivan Gonzalez, CEO of Swiss Re Corporate Solutions in North America, through a statement. “I’m confident he will successfully continue to manage our strong market position ac...

MJ Insurance has added Eric Spencer and Dennis Nash to the risk management and employee benefits teams as consultants in the company’s Indianapolis, Indiana, office. In their respective departments, Spencer and Nash will be responsible for proactively driving sales and … from News – Insurance Journal http://ift.tt/2z71cL7

Okemos, Michigan-based insurance industry software provider, NetRate Systems, has hired Jeff Lewis as director of Client Services. Lewis has more than 15 years of industry experience, which includes heading multiple software support groups. He has also served as head of … from News – Insurance Journal http://ift.tt/2z49ykV

The U.S. Supreme Court has refused to revive a Louisiana flood protection board’s lawsuit seeking to make oil, gas and pipeline companies pay for decades of damage to coastal wetlands. The court rejected the board’s request for a review of … from News – Insurance Journal http://ift.tt/2iiviBj

A Missouri educator awarded $500,000 over claims that she was sexually harassed by her superintendent is suing again, alleging that school board members poisoned her effort to find a new job. Jodi Heckler was principal of an intermediate school in … from News – Insurance Journal http://ift.tt/2hqGSdV

The adjusted annual payroll requirement of an employer for the coverage of seasonal workers under the provisions of the Texas Labor Code, Section 406.162 is $55,922, the Texas Department of Insurance announced. This gross payroll amount will be used in … from News – Insurance Journal http://ift.tt/2A5bzxc

(Reuters) — Forty-six U.S. state attorneys general will seek to expand a lawsuit alleging price fixing of generic drugs to 18 companies and 15 medicines, including Novartis A.G.'s generic unit Sandoz and India-based Sun Pharmaceutical Industries Ltd., people familiar with the matter said. from Business Insurance http://ift.tt/2iP7Tvg

Allstate is suing one of its former agents in United States District Court for the District of Massachusetts, alleging the agent breached a one-year non-compete clause by misusing Allstate’s confidential information and trade secrets. Defendant Abner Joseph executed an exclusive … from News – Insurance Journal http://ift.tt/2z3v2OR

Of all the beautiful scenery to see in Honolulu, officials want to make sure residents and tourists get a good look at the street. Honolulu became the largest city in the U.S. to make it illegal for people to look … from News – Insurance Journal http://ift.tt/2gXp0KK

General Motors has agreed to a $13.9 million settlement with Orange County, Calif., after prosecutors accused the auto giant of concealing serious safety defects to avoid costly recalls and part replacements. The lawsuit, filed in 2014, accused GM of deceptive … from News – Insurance Journal http://ift.tt/2iPL9eG

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Chris Winans has joined Kimball Hughes Public Relations as a consultant. Winans most recently led Hill+Knowlton Strategies’ U.S. financial services communications practice. He has more than 30 years of experience as a journalist, a Wall Street financial analyst, a corporate … from News – Insurance Journal http://ift.tt/2yZFAk9

AIG’s executive rank and service offering continues to grow. The insurer has announced that Chris Townsend, a P&C industry veteran, will return to the company in the newly created role of CEO of international general insurance. In addition, AIG is introducing its new tech-focused subsidiary, Blackboard, to the industry. Townsend will lead the international operations of AIG’s general insurance business, with responsibility for executing its growth strategy and building on the company’s international footprint, according to AIG’s announcement released Monday. Related: AIG welcomes new head of reinsurance He will report to Peter Zaffino, CEO of general insurance, and is expected to join the company in the first quarter of 2018. Townsend brings more than 25 years of experience to the new role as well as a previous connection to AIG. He was CEO of the insurer’s Asia Pacific region with oversight of 15 countries between 2010 and 2012. He also served as president of MetLife’s Asia re...

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American International Group’s technology-focused subsidiary formerly known as Hamilton USA has a new name, Blackboard. Hamilton USA was part of Hamilton Insurance Group. AIG announced plans to buy the unit in May when its chief executive officer, Brian Duperreault, left … from News – Insurance Journal http://ift.tt/2gZgH19

For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the marketplace, not to protect competitors. Producers need to be able to … from News – Insurance Journal http://ift.tt/2z1rkVO

Singapore wants to bolster its status as a wealth management and foreign-exchange center as part of plans to create more financial-sector jobs and mitigate the effect of rapid changes in technology. In a plan unveiled Monday, the Monetary Authority of … from News – Insurance Journal http://ift.tt/2A2ZIzF

Severe weather pounded the Northeast region with powerful winds and drenching rains early Monday, leaving nearly 300,000 without power. Southern New England appeared to suffer the brunt of the storm damage overnight. Eversource reported more than 155,000 Connecticut customers were … from News – Insurance Journal http://ift.tt/2ihVNH3

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QBE North America, an operating division of QBE Group, has hired Matt Keeping as a regional executive in the Eastern region. In this role, Keeping will lead QBE’s go-to-market activities as an integrated specialist insurer in the 20-state region. Based … from News – Insurance Journal http://ift.tt/2lvsdmc

Swiss Re Corporate Solutions has appointed Jeff Summerville as head of Casualty, Financial & Professional Services North America, effective immediately. Summerville will oversee the North American Casualty business in addition to his current responsibilities as the leader of Financial and … from News – Insurance Journal http://ift.tt/2z1uqM5

Superstorm Sandy marks its fifth anniversary this month, and risk managers warn that businesses must be prepared for the next big storm. from Business Insurance http://ift.tt/2hqEoMX

The Workers Compensation Research Institute (WCRI) released a new tool for policymakers and system stakeholders to track the performance of the New York workers’ compensation system. “Originally established to monitor the system following reforms in 2007, the report has evolved … from News – Insurance Journal http://ift.tt/2hqtRkG

Existing labor shortages could be exacerbated by the impact of hurricanes Harvey, Irma and Maria, while managing materials will be key as rebuilding efforts get underway. from Business Insurance http://ift.tt/2z7hzqX

AssuredPartners Inc. has acquired Synergy Professional Associates of Fairfield, N.J. Synergy is a managing general agent and wholesale insurance intermediary devoted to professional liability and program development. It was founded as a boutique gateway for specialized professional liability programs, and … from News – Insurance Journal http://ift.tt/2ly5uGf

U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the sector. Leaders of a 30-fund group … from News – Insurance Journal http://ift.tt/2gYyjdD

While last week’s U.S. Senate vote that killed the Consumer Financial Protection Bureau’s anti-arbitration rule is a major relief to financial organizations, that may not be the end of the story. from Business Insurance http://ift.tt/2lxTlkN

A series of safety scandals at Japanese companies have put the country’s lionized factory floor under scrutiny as manufacturers struggle with increased pressure on costs, stricter enforcement of standards and growing competition. With margins squeezed by a stagnant domestic market … from News – Insurance Journal http://ift.tt/2zTrBJr

Aon has agreed to acquire UK-based insurance broking firm Henderson Insurance Broking Group, which is focused on general insurance, health and benefits and trade credit insurance. from IBR - News http://ift.tt/2gPe3Yb

The scheme will see trainees attend seminars in Paris along with the winner of Broker Apprentice. from Insurer - insuranceage.co.uk http://ift.tt/2z72YvF

A report by U.S.-based S&P Global Ratings Inc. said that Ireland's insurance industry is likely to record "relatively significant" losses this year due to storm Ophelia. from Business Insurance http://ift.tt/2yhruuW

Oil spill victims under the aegis of Oil Spill Victims Vanguard have filed a lawsuit in the United Kingdom against oil and gas firm Shell Nigeria Exploration and Production Co. over alleged compensation of more than $3.6 billion. from Business Insurance http://ift.tt/2ly4XUS

The Iranian reinsurance industry has petitioned the Central Insurance of Iran to stop insurers from participating in the reinsurance market. from Business Insurance http://ift.tt/2ihpDM5

Onnen Siems, chief executive of Germany-based actuarial firm Meyerthole Siems Kohlruss, said that storm Herwart is likely to have caused €250 million ($290 million) worth of insured property damage. from Business Insurance http://ift.tt/2gPPxGe

Germany's financial services regulator Bundesanstalt fur Finanzdienstleistungsaufsicht is seeking details of the contingency plans being made by U.K.-based insurers ahead of Brexit. from Business Insurance http://ift.tt/2ihJjiL

Reports suggest that the Bank of England believes that many London roles could go overseas if there is no Brexit trade agreement in place. from Insurer - insuranceage.co.uk http://ift.tt/2yZ30X1

Yavor Kolev, cybercrime chief at Bulgaria's General Directorate for Combating Organized Crime, said that internet-related crimes cost the country millions of Bulgarian lev per year. from Business Insurance http://ift.tt/2z88Chr

U.K.-based insurance and reinsurance broker RFIB Group Ltd. has launched operations in Singapore. from Business Insurance http://ift.tt/2yZcm2p

Italy's antitrust authority L'Autorita Garante della Concorrenza e del Mercato has fined local banks and diamond brokers €15.3 million ($17.7 million) for fraudulent commercial practices in selling diamonds through distributor banks. from Business Insurance http://ift.tt/2z4vHRX

Keep up to date with all the latest people moves. from Insurer - insuranceage.co.uk http://ift.tt/2zTDzD9

QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal comes as the Australian insurer’s venture arm closed … from News – Insurance Journal http://ift.tt/2hoOmhK

West Virginia emergency officials say a large warehouse fire is fully extinguished more than a week after it broke out. The state Department of Military Affairs and Public Safety says it was informed by Lubeck Fire Chief Mark Stewart that … from News – Insurance Journal http://ift.tt/2yhbkly

Six people are recovering from injuries treated at hospitals and more needed first aid after a pickup truck hit a vehicle carrying people on a nighttime hay ride in South Carolina. The Island Packet of Hilton Head reported the crash … from News – Insurance Journal http://ift.tt/2igBo58

Tennessee investigators say a captain with Nashville’s fire department was arrested on arson and insurance fraud charges for setting his home on fire on purpose. According to a Tennessee Bureau of Investigation news release, Jeffrey Neely of the Metro-Nashville Fire … from News – Insurance Journal http://ift.tt/2xCiGLI

PointeNorth Insurance Group, an independent insurance agency in the Southeast with local ownership, has acquired Benton & Parker Insurance Services, a commercial truck insurer headquartered in Georgia. The company also acquired Cord & Wilburn Insurance, a Woodstock, Georgia-based insurance firm. … from News – Insurance Journal http://ift.tt/2z6Oqwj

The Iranian reinsurance sector has petitioned the Central Insurance of Iran (CII), urging the industry regulator to stop other insurance companies from being active in the market. from Recent Posts on (MiddleEast) http://ift.tt/2hqzJdG

The application of a ceiling on premiums for compulsory motor third-party liability (MTPL) insurance would cause insurers to lose TRY3 billion (US$792 million) a year, according to a senior insurance executive. from Recent Posts on (MiddleEast) http://ift.tt/2zSMzIH

Demand for the Orange card, a mandatory and uniform insurance policy for vehicles travelling from one Arab country to another, is expected to increase in the next three to five years, supported by Saudi Arabia's decision to allow women to drive with effect from next June. from Recent Posts on (MiddleEast) http://ift.tt/2hp8Sia

A federal court should have first required an investment management firm to demonstrate it would have suffered irreparable harm without a preliminary injunction against a former employee before issuing that injunction, says a federal appeals court in overturning the lower court’s ruling in a trade secrets appropriation case. from Business Insurance http://ift.tt/2zjJLYM

American International Group Inc. has launched the new brand name Blackboard for its technology-focused subsidiary, which previously operated under the Hamilton USA brand. from Business Insurance http://ift.tt/2z0qpF0

RSA Canada announced on Monday that it has transitioned its contract and commercial surety business in Canada to Trisura Guarantee Insurance Company. “At RSA, our commercial business is focused on providing industry-leading service and expertise to our brokers and their customers,” said Paul Lucarelli, senior vice president, commercial at RSA Canada, in a statement. “An important aspect of this strategy is growing our global specialty lines business and putting our focus on segments where we can bring a differentiated proposition and expertise. We’ve made a strategic decision to transition the Canadian surety business to Trisura to maintain our focus on those segments and customers,” he added. Related: Insurers and brokers need clearly defined roles: IBAO 2017 RSA’s Canadian surety portfolio consists of approximately 450 contract and commercial surety accounts with annual premium in excess of $6 million. The management teams of both companies will work closely together to ensure a ...

QBE North America has named Matt Keeping, a former Willis Towers Watson executive, as regional executive for the Eastern region. from Business Insurance http://ift.tt/2hodDbV

A new report shows that nearly 70 percent of federally mandated and approved California Workers’ Compensation Medicare Set-Aside settlements for injured workers require funding for decades of opioid use, often at dangerously high levels and in conjunction with other high-risk … from News – Insurance Journal http://ift.tt/2gYToEP

The Monetary Authority of Singapore (MAS) yesterday released the industry transformation map (ITM) for financial services, which outlined growth strategies by business lines, programmes for upgrading skills, and an agenda for continuous innovation and technology adoption. from Recent Posts on (eDaily) http://ift.tt/2hpWFK4

Jiang Tai Insurance Brokers, one of China's biggest insurance brokers, is expected to float its shares on the Shenzhen Stock Exchange's SME board next year, the company's chairman Shen Kaitao has said. from Recent Posts on (eDaily) http://ift.tt/2zRuZVg

RFIB Group, the international Lloyd's insurance and reinsurance broker, has launched its Singapore operations which will serve as a hub for the continued development of RFIB's presence across Asia. The new unit is called RFIB (Singapore) Pte Ltd. from Recent Posts on (eDaily) http://ift.tt/2hpnE8F

Reform of Australia's health system could save A$140 billion (US$107 billion) over 20 years, with room for improvement in almost all areas, with insurers, doctors, patients, hospitals, and legislators all needing to make a change, according to the Productivity Commission. from Recent Posts on (eDaily) http://ift.tt/2zRcIaK

India would need to spend about INR50 trillion (US$771 billion) between 2018 and 2022 to build its infrastructure in a sustainable manner, rating agency Crisil said. A diversified financing ecosystem, including insurance companies, is needed to realise the various infrastructure projects. from Recent Posts on (eDaily) http://ift.tt/2howhQQ

Hurricanes Harvey, Irma and Maria impacted CNA Financial Corp.'s third quarter results, which included a 58% decrease in net income. from Business Insurance http://ift.tt/2z2LvVq

It will take at least months and likely years to fully recover from devastating wildfires that ripped through Northern California earlier this month, destroying at least 8,900 structures and killing 42 people, Sonoma County officials said Saturday. “We don’t control these things, and it makes you realize how small you are in the world when something like this happens,” Sonoma County Sheriff Rob Giordano said. “I don’t think we understand the level at which it is going to impact lives, and the community will be different.” Related: “Makes it more extreme:” Prof says climate change added to historic fire season Giordano spoke before hundreds of people gathered at a college in Santa Rosa, one of the hardest-hit cities, for a memorial service to honour the lives lost in the deadliest series of wildfires in California history. The fires sparked Oct. 8 and eventually forced 100,000 people to evacuate. Before a bell rung 42 times to commemorate the dead, Giordano and other officials prais...

The Illinois House was unable to override Gov. Bruce Rauner’s veto of a bill that would have created a state-chartered mutual workers compensation insurance company. from Business Insurance http://ift.tt/2igT9kQ

Ironshore Inc. has named Sonny Powers, Owen Roddy and Oliver Ross to senior special casualty underwriting positions in its Iron-Excess Casualty unit, the company said in a statement Monday. from Business Insurance http://ift.tt/2igmQT8

Nearly 200,000 Hydro-Quebec customers remained without electricity as of noon today after strong winds and heavy rain caused havoc with the province’s power grid. The utility says the intense depression coming from New England has hit several areas of the province, as winds of 90 kilometres per hour cause branches and trees to knock down power lines. Hydro-Quebec says some 300 linemen are working to fix problems in every part of the province – the hardest hit being the Monteregie south of Montreal, where more than 43,000 were without electricity. Related: Spring flooding cost Ontario and Quebec $223 million Power outages are also affecting more than 27,000 Hydro clients in two different areas -the Laurentians north of Montreal and the Saguenay-Lac-Saint-Jean a few hundred kilometres north of Quebec City. The same weather system is expected to reach parts of Atlantic Canada later today. Environment Canada says the low pressure system over New England will continue to strengthen as...

An auto insurance index published by LowestRates.ca finds that Ontario’s auto insurance rates are 44% higher than those in other provinces and territories but that number could be decreasing. The average annual premium in Ontario for the third quarter (Q3) of 2017 is $1,458 per year, which is 44% higher than the Canadian average of $930. However, the data finds that Ontario’s premiums are falling. The current rate is 5.8% lower than the average premium in the Q2 2017 and 11% lower from this time last year, according to the report, which is based on LowestRates.ca’s proprietary database of auto insurance premiums. Related: Live in Brampton or Vaughan? Your car insurance rates are tops in Ontario The company also analyzed auto premiums in Alberta and found that the annual average rate of $1,179 is 23.6% higher than the Canadian average. In Alberta’s case, its premiums seem to be climbing compared to previous quarters, with Albertans paying 1.7% more in Q3 2017 than Q2 2017 and 3.9% mo...

The Hartford said Monday that it has named Hartford, Connecticut-based Dr. Adam Seidner chief medical officer. from Business Insurance http://ift.tt/2zjAkbR

County officials Ohio’s Cuyahoga County are suing several large prescription drug companies saying they intentionally misled the public about the dangers of opioids. The lawsuit filed by Cuyahoga County says the drugmakers and distributors sought to increase sales of painkillers … from News – Insurance Journal http://ift.tt/2ziY7Zx

Biba says brokers should not be worse off and calls again for a separate funding class. from Insurer - insuranceage.co.uk http://ift.tt/2gVT61j

Two women in East Baton Rouge Parish have been served cease and desist orders by the Louisiana Department of Insurance Fraud Division investigators for allegedly fraudulently altering the vital information and beneficiary designation of insurance policies, submitting fraudulent policyholder information, … from News – Insurance Journal http://ift.tt/2ifPPXg

Louisiana’s pickup truck drivers buckle up less regularly than motorists in cars, SUVs and vans. That’s the finding of a new seatbelt use study from the Louisiana Highway Safety Commission. The group says 87 percent of drivers and front-seat passengers … from News – Insurance Journal http://ift.tt/2gMalhY

Houston’s Local 100 of the United Labor Unions, a multi-state service workers’ union, has agreed to pay $30,000 in lost wages and damages to settle a race discrimination suit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal … from News – Insurance Journal http://ift.tt/2hpMDZI

Deerfield, Illinois-based Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm, has appointed Bill Doucette as vice president of Human Resources and Organization Development. Doucette will focus on uniting the best practices of Alera Group firms … from News – Insurance Journal http://ift.tt/2gVVcOz

The Hilb Group LLC (THG) has acquired BKC Insurance Agency (BKC), based in Cheboygan, Michigan. In addition to Cheboygan, BKC has an additional location in Indian River, Michigan. The agency provides a wide array of property/casualty and employee benefits solutions … from News – Insurance Journal http://ift.tt/2ifE2Z2

The insurance provider for the small Vermont town of Victory has placed the town on probation after a series of legal disputes and internal strife among current and former elected officials. The board of the Vermont League of Cities & … from News – Insurance Journal http://ift.tt/2hoa4SX

Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess underwriting unit of Ironshore Insurance Services formed in September 2017, has named Sonny Powers to lead the Iron-Excess Casualty unit … from News – Insurance Journal http://ift.tt/2zQIgO0

Workers’ compensation insurers are looking to technology to deliver operating efficiencies, underwriting insights and product development as they navigate a fragmented market with high sensitivity to state regulation, According to technology research and consulting firm Novarica in its latest report, … from News – Insurance Journal http://ift.tt/2xAaL1q

(Reuters) — U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the sector. from Business Insurance http://ift.tt/2yfTIGE

(Reuters) — General Motors agreed to a $13.9 million settlement with Orange County, California, after prosecutors accused the automaker of intentionally concealing serious safety defects. from Business Insurance http://ift.tt/2zi2ZOi

An Ontario provincial legislator says he will introduce a so-called “zombie bill” that would target distracted walking. Liberal Yvan Baker says the bill – called the Phones Down, Heads Up Act – would impose fines for anyone caught using their cellphone or any electronic device while crossing the street. Related: “Safe texting zone” bill gets second reading in Ontario Baker says if the private member’s bill becomes law, it would increase road safety by encouraging pedestrians to put down their electronic devices or risk fines ranging from $50 for a first offence to $125 for a third offence. The only exceptions would be when pedestrians are calling emergency services or when they’re continuing a phone call that started before crossing the roadway. Baker says municipalities across Ontario would have the ability to opt-out of the law. Rising pedestrian deaths have prompted other jurisdictions in the world to pass laws targeting distracted walking. Earlier this month, Honolulu, Hawai...

In the three years that Springfield police officer Mike Massey has been a motorcycle traffic enforcement officer, he’s seen it all when it comes to cellphone use and driving. In addition to witnessing drivers talking or texting on their cellphones … from News – Insurance Journal http://ift.tt/2iNv9tz

(Reuters) — The SEC has been hit with a class action lawsuit seeking to recover $14.9 billion that lawyers for an investment firm's liquidating trustee say should not have been collected given a recent U.S. Supreme Court ruling. from Business Insurance http://ift.tt/2yXJD0s

Insurance is rarely a topic for late-night comedy talk shows but Last Week Tonight host John Oliver on Sunday tackled what he called the absurdities of the National Flood Insurance Program’s high-risk, high-cost government program. from Business Insurance http://ift.tt/2gNo0oN