Insurance Wiki How

Mediterranean and Gulf Insurance & Reinsurance (MedGulf) has received a letter from the Saudi Arabian Monetary Authority (SAMA), approving its proposed capital increase. from Recent Posts on (MiddleEast) https://ift.tt/2I1XCGZ

from Business Insurance https://ift.tt/2w1Qtld

(Reuters) — Insurer Beazley P.L.C. has partnered with three companies to build a blockchain-based registry that will manage insurance for crisis situations such as mass shootings, the companies told Reuters. from Business Insurance https://ift.tt/2w4BPKc

Woodland Hills, Calif.-based Peter C. Foy & Associates Insurance Services LLC has completed the acquisition of four agencies, three in California and one in Nevada. The acquisitions are Walnut Creek, Calif.-based R.L. Milsner Inc. Insurance Brokerage, Woodland Hills, Calif.-based Senex … from News – Insurance Journal https://ift.tt/2I5Mitq

Retirees spend less than expected in retirement and can have as much as 90% of their wealth remaining when they die, according to Mr John Daley, chief executive of the think tank Grattan Institute. from Recent Posts on (eDaily) https://ift.tt/2HCZiaF

China Pacific Insurance (Group) has unveiled a package of solutions for the city's commercial pension trial set to take place, beginning today. from Recent Posts on (eDaily) https://ift.tt/2rbpA93

India's largest life insurer, the state owned Life Insurance Corporation (LIC) has posted a 13.46% increase in first year premium (FYP) income to a record INR1,345.5 billion (US$20.2 billion), for the financial year ended 31 March 2018. from Recent Posts on (eDaily) https://ift.tt/2HCUmT7

More than 60% of the 1,389 health insurance societies serving employees of major companies and other members are projected to run in the red in the current fiscal year (FY2018) which started on 1 April, according to the National Federation of Health Insurance Societies (Kenporen). from Recent Posts on (eDaily) https://ift.tt/2r6pCii

The Hong Kong Mortgage Corporation (HKMC) has announced that, with effect from 1 May 2018, its general insurance business will be transferred to "HKMC Insurance Limited", a wholly owned subsidiary. from Recent Posts on (eDaily) https://ift.tt/2HCcpc1

The Insurance Brokers Association of Ontario (IBAO) has announced it will be hosting an industry strategy meeting to discuss data connectivity on May 24. Related: IBAO announces new membership category for startup brokerages “In order to ensure that brokers and broker insurance companies can service their customers in the manner that the modern consumer demands, we need to evolve as an industry and work together to address our data connectivity hurdles,” IBAO CEO Colin Simpson said in a press release. The IBAO and its Technology Committee have obtained the support of 16 insurance companies and a number of BMS vendors to support a Broker Flow Feasibility Study on data connectivity in the industry. Company CEOs and CIOs are invited to the strategy meeting. The feasibility study, which runs until the middle of May, has already established data exchange from a subset of participating insurers and BMS vendors using their existing data services. Additional carriers and vendors will b...

from Business Insurance https://ift.tt/2I37EaM

Leavitt Group Insurance Agency of Vernal, Utah has added Tyson Hancock as an insurance agent. Hancock specializes in commercial insurance in the oil, gas, and agriculture industries as well as insurance for individuals and families. Hancock previously worked for seven … from News – Insurance Journal https://ift.tt/2FtpjDv

There’s a growing concern about the rising cost of pharmaceuticals, but you may be able to save at the pharmacy. Despite your health insurance, you may be paying more than you need to fill your prescriptions. A recent study by the Univer... from EINSURANCE.(com): EInsurance Journal Health Insurance Articles https://ift.tt/2jh1fLf

For a variety of reasons, including too few states choosing to expand Medicaid under the Affordable Care Act (ACA), or Obamacare, and with the individual mandate ending soon, some insurers are opting to pull out of the Marketplace, or exchange.&nb... from EINSURANCE.(com): EInsurance Journal Health Insurance Articles https://ift.tt/2JGnJ3z

(Reuters) — The U.S. Supreme Court on Monday agreed to hear an internet privacy case involving Google L.L.C. that could put the brakes on an increasingly common form of settlement in class action suits that funnels money to unrelated third parties and charities instead of to people affected by the alleged wrongdoing. from Business Insurance https://ift.tt/2JC94Xe

(Reuters) — Facebook Inc. bid on Monday to block referral of a landmark privacy case to Europe's top court by requesting a last-ditch appeal, seeking to avoid a potential ban on the legal instrument it uses to transfer users' data to the United States. from Business Insurance https://ift.tt/2JDNmBV

Beazley P.L.C. has launched Beazley Weather Guard, a “plain English” digital insurance policy designed to protect event organizers against the effects of severe weather that may cause the cancellation of an outdoor event. from Business Insurance https://ift.tt/2raM5Lc

The nerve agent attack in Salisbury, U.K., purportedly perpetrated by the Russian government as revenge on a former spy, according to reports, raises some interesting points about insurance coverage and exclusions, according to a report from Pool Reinsurance Co. Ltd. Monday. from Business Insurance https://ift.tt/2HFpPUQ

Guy Carpenter & Co. L.L.C. has promoted John Fletcher to chairman of the firm’s Bermuda operations, effective immediately, and recruited senior executive James Morris from rival Aon Bermuda, Guy Carpenter said in a statement Monday. from Business Insurance https://ift.tt/2r6l9gr

Pennsylvania Gov. Tom Wolf has vetoed a bill that would have brought a drug formulary into the state’s workers compensation system. from Business Insurance https://ift.tt/2HDwW02

There comes a time when many homeowners ponder: Is it time to move or should I just remodel? The answer is one part emotion and the other part logic. Emotional Considerations: Should I Stay or Should I Go? We tend to grow attached to a hom... from EINSURANCE.(com): EInsurance Journal Home Insurance Articles https://ift.tt/2HA79FQ

An administrative law judge of the Occupational Safety and Health Review Commission vacated a workplace safety citation issued against a temporary staffing agency after finding that regulators failed to prove existing abatement measures were insufficient to mitigate the hazard. from Business Insurance https://ift.tt/2FtK3Lo

When you’re in an accident, whether someone is hurt, there is extensive damage to the cars or property involved, or the event is a simple fender bender, you’ll need to file a claim for coverage.  If you live in a no-fault... from EINSURANCE.(com): EInsurance Journal Auto Insurance Articles https://ift.tt/2HJJ1wM

Life insurance can be a great help for your surviving beneficiaries, but it can also be used as a tool to help you in retirement. And, different types of insurance policies can be useful in different ways. Permanent Life Insurance Universa... from EINSURANCE.(com): EInsurance Journal Life Insurance Articles https://ift.tt/2JFPBVs

Serious questions linger about the fate of medical marijuana in Iowa as Republican lawmakers find themselves considering an eleventh-hour deal that would expand the program to more patients. The state’s sole manufacturer of medical cannabis oil worries that, once sales … from News – Insurance Journal https://ift.tt/2rbWeXQ

The U.S. House has approved a measure requiring medical checks for commercial hot air balloon pilots in an effort to avoid a reoccurrence of a 2016 crash that killed 16 people in Texas. The House voted Friday on a wide-ranging … from News – Insurance Journal https://ift.tt/2HCZAhB

Arkansas has suspended the insurance licenses of an agency and its owner amid allegations of insurance fraud totaling more than $1 million. The Arkansas Insurance Department reported that Insurance Commissioner Alan Kerr suspended the licenses of Berry Bishop and Alliance … from News – Insurance Journal https://ift.tt/2I1Niib

Tens of thousands of residents of a northern Wisconsin city were cleared to return to their homes on April 27, a local official said, a day after a Husky Energy Inc. refinery explosion injured at least 20 people. The facility, … from News – Insurance Journal https://ift.tt/2raHUim

Illinois’ House of Representatives has passed a bill that would create a state-monitored insurance company with the intention of driving down workers’ compensation insurance costs in the state. The House voted 62-43 on a plan that would establish an independent … from News – Insurance Journal https://ift.tt/2HHr3L2

Higginbotham and Butler Carson Tate Insurance have merged operations in Lubbock, Texas. This is Higginbotham’s second office in Lubbock, having entered the market in 2015 when it merged with another locally managed independent insurance agency. The two offices and their … from News – Insurance Journal https://ift.tt/2jiGoYc

Specialist insurer Beazley has launched a digital insurance policy in the U.S. that can be customized and describes in plain English precisely what coverage the policyholder has bought. Beazley Weather Guard protects U.S. event organizers against the effects of severe … from News – Insurance Journal https://ift.tt/2r9ii6f

(Reuters) — The family of a South Carolina woman has filed a wrongful death lawsuit accusing American Airlines Inc. of refusing to make an emergency landing after she fell ill during an April 2016 flight, leading to her death from an embolism three days later. from Business Insurance https://ift.tt/2jjlqZ6

Beaches and other areas on Kauai that smell like sewage may be showing signs of contamination, according to Hawaii health officials. The Hawaii Department of Health hasn’t received any indications of disease outbreaks following the recent flooding, but people have … from News – Insurance Journal https://ift.tt/2JHEUSp

from Business Insurance https://ift.tt/2r7Heva

The Ontario Chamber of Commerce (OCC) is calling on the province to allow digital proof of auto insurance and other insurance documents. The OCC passed a resolution on the matter this weekend following a unanimous vote by delegates at the association’s annual general meeting in Hamilton, Ont. The resolution was drafted by the Hamilton Chamber of Commerce. “Ontario businesses are looking to the next provincial government to outline very specific measures they would take to reduce unnecessary red tape,” said Keanin Loomis, president and CEO of the Hamilton Chamber of Commerce, in a statement released by the Insurance Bureau of Canada (IBC). “With nearly every American state having figured out how to make digital insurance documents a reality, I’m confident that we can figure out a way to make this work in Ontario,” Loomis added. Canadian Insurance Top Broker is now on Facebook ( facebook.com/TopBrokerMag )  as well as LinkedIn ( linkedin.com/company/citopbroker ) and Twitter ( ...

The family of a Montana man killed by a drunken driver has reached a settlement with one of the bars they claimed over-served the driver. The Independent Record reports 25-year-old Samuel Tielking died in Helena in February 2017 after his … from News – Insurance Journal https://ift.tt/2r9Ok1f

A hotel official told a jury that he doesn’t know why an incident report about a British tourist’s fall while taking part in a David Copperfield illusion at a Las Vegas show did not include accounts from other people. MGM … from News – Insurance Journal https://ift.tt/2HBwE9Q

The owner of a California trucking school has pleaded guilty to conspiring with state employees to obtain driver’s licenses for students who failed or did not take driving tests. Mangal Gill of San Ramon, California owned Central Truck Driving School … from News – Insurance Journal https://ift.tt/2Ftp62Z

Testing has found that there’s asbestos nearly everywhere in an abandoned Alamogordo, N.M. apartment complex, a finding that complicates the city’s desire to demolish the dilapidated property. The Alamogordo Daily News reported that City Manager Maggie Paluch says the contractor … from News – Insurance Journal https://ift.tt/2Kl8TR3

Mo Kaur has been named president and chief operating officer of Premier Group, a managing underwriting agency headquartered in Vancouver. Kaur has been with Premier for the past six years, and has served as senior vice-president for the past five. She brings 25 years of insurance experience to the role. Kaur succeeds Troy Moreira, who held the position since late 2001. “Working with Troy has been one of the most dynamic and rewarding roles that I have undertaken in my career,” Kaur said in a news release. “I am honored and excited to be given the opportunity to continue to expand the Premier business with brokers across Canada and the U.S., and continuing to grow our long-standing relationships with our insurer partners in Canada and the London market.” Moreira will remain with Premier as an executive advisor to Kaur, and will also serve as a director on the Premier board. “I have thoroughly enjoyed my time at the helm of Premier and am thankful for all the wonderful people I have ...

MSA Research has announced that registration is now open for the 12 th annual National Insurance Conference of Canada (NICC), and its new companion conference, InsurTech North . Both events will take place at the Hilton Lac‐Leamy in Gatineau, Que., with InsurTech North running from Oct. 9–10, 2018, and NICC running from Oct. 10–12, 2018. Related: “Death by a thousand CATs” hurt primary insurers last year: MSA Research InsurTech North is aimed at digital leaders, entrepreneurs and venture capitalists in the property and casualty (P&C) and life/health insurance space. The event will feature panel discussions, a two-day marketplace and a Wolf Pack start-up competition. “We are extremely fortunate to partner with the world’s largest marketplace for insurtech matchmaking, California‐based Innovator’s Edge and Insurance Thought Leadership (ITL),” Joel Baker, CEO of MSA Research, said in a news release. “Guy Fraker, chief innovation officer at ITL is emceeing the event and Wayne ...

In a victory for privacy advocates, the Supreme Court of Virginia has ruled a lawsuit challenging a police department’s practice of keeping data from automated license plate readers for a year can move forward. Last year, a judge dismissed a … from News – Insurance Journal https://ift.tt/2rclKfF

Two New Jersey siblings have been convicted of running a multi-million-dollar invoice scheme that defrauded a company where one of them worked. Shevandra Verasawmi, of Matawan, N.J., and Vishallie Verasawmi, of Green Brook, N.J., were each convicted Thursday on one … from News – Insurance Journal https://ift.tt/2jj2da1

London-based global specialty insurer Tokio Marine Kiln (TMK) has appointed Anna McNamara as group chief operating officer. As COO, she will lead the strategy and management of all TMK group operations activities across the business. McNamara joined TMK from Lloyd’s … from News – Insurance Journal https://ift.tt/2HGyqT9

A former student expelled from Virginia Tech after being arrested on a gun charge is suing the school and police officials in federal court. Yunsong Zhao filed a complaint Thursday saying police violated his rights in falsely arresting him, and … from News – Insurance Journal https://ift.tt/2HYZr7B

Higginbotham and Butler Carson Tate Insurance have merged their operations in Lubbock, Texas. from IBR - News https://ift.tt/2FsNtxU

The French railway company SNCF Mobilites Group will pay a total of €160 million ($194 million) to more than 800 Moroccan railway workers for discrimination. from Business Insurance https://ift.tt/2Ftydkh

Australia-based insurance broker Austbrokers Holdings Ltd. said that local firms could face increased costs, reputational damage, loss of customers, and a class-action lawsuit under the country's mandatory notifiable data breach legislation. from Business Insurance https://ift.tt/2KpnMlm

Two of New Zealand-based CBL Insurance Ltd.'s directors said that the insurer, which has been in interim liquidation since Feb. 23, is "solvent to the tune of $70 million New Zealand ($49.5 million) positive". from Business Insurance https://ift.tt/2raaD6V

Canada-based aviation body International Air Transport Association said that a total ban on night flights at Heathrow Airport in London as proposed by U.K.’s Airports Commision would hit export industries. from Business Insurance https://ift.tt/2ji8um3

Mexico's central bank said that cyber attackers attempted to breach the country's interbank electronic payment systems on April 27, forcing three local banks to enact contingency plans. from Business Insurance https://ift.tt/2HIgFmt

The National Bank of Greece plans to continue the process for the sale of its wholly-owned insurance unit The Ethniki Hellenic General Insurance Co. S.A. from Business Insurance https://ift.tt/2HBCFn0

Meat processors in Australia said that insurers have increased premiums for fire protection following two large abattoir fires in the country in the past 18 months. from Business Insurance https://ift.tt/2FvbT9M

Ukraine-based European Insurance Alliance P.J.S.C.'s net profit grew 26% to more than 1 million Ukrainian hryvnia ($37,971) in the first quarter from UAH 790,000 in the first quarter of 2017. from Business Insurance https://ift.tt/2KofCtq

China’s Baidu Inc. said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it looks to deepen its push into … from News – Insurance Journal https://ift.tt/2HIjHqD

Former Zurich boss leaves MD of private clients and consumer role at the broker. from Insurer - insuranceage.co.uk https://ift.tt/2r9YTkR

Policy available via brokers in the UK and internationally. from Insurer - insuranceage.co.uk https://ift.tt/2Kpnx9R

Kuwait Re demonstrated significant progress in realigning its portfolio mix toward facultative and excess of loss business in 2017, with these two lines of business accounting for 58% of the KWD35.1 million (US$117 million) gross premium written during the year. from Recent Posts on (MiddleEast) https://ift.tt/2JCjvd3

The UAE Insurance Authority (IA) and the Securities and Commodities Authority (SCA) have signed a Memorandum of Understanding (MoU) to establish mutual cooperation between the two parties with a view to enhancing the standard of financial services and developing the insurance sector and capital market in the UAE. from Recent Posts on (MiddleEast) https://ift.tt/2jgDGST

The authorities in Morocco are urged to accelerate the process of introducing a regulatory framework for takaful, given the high expectations of Islamic insurance especially from banking clients who demand takaful coverage, according to Mr Koudama Zeroual, managing director of Takaful Insurance - Wafa Assurance. from Recent Posts on (MiddleEast) https://ift.tt/2JE1g7e

The global social media movement known through the Twitter hashtag #MeToo has highlighted sexual misconduct in business, entertainment and politics, and will be on the agenda at this year’s Milken Institute Global Conference, which starts on Sunday. Beginning with accusations … from News – Insurance Journal https://ift.tt/2HzWPxQ

Japan will work with Southeast Asian nations like Laos and Myanmar to provide immediate financing after natural disasters so that recovery funds can be quickly distributed. Operations are slated to begin in 2019. from Recent Posts on (eDaily) https://ift.tt/2KoX9x2

The Labuan Financial Services Authority has issued a reinsurance broking licence to Reinsurance Cafe Labuan, the company announces in a statement. from Recent Posts on (eDaily) https://ift.tt/2FroV8y

The privately held life insurance industry in India lost 23,500 individual agents in the financial year ended 31 March 2018 (FY2018), primarily due to their inability to meet targets. The insurers had 957,341 agents at 1 April 2017 that fell to 933,857 by 31 March 2018, reports Moneycontrol citing data from the Life Insurance Council. from Recent Posts on (eDaily) https://ift.tt/2KjpcOt

The Insurance Council of New Zealand (ICNZ) is currently reviewing the Fair Insurance Code to ensure it remains relevant for consumers. from Recent Posts on (eDaily) https://ift.tt/2FroIlM

A trial of an electronic insurance certification platform for compulsory automobile liability insurance is set to start operations tomorrow. from Recent Posts on (eDaily) https://ift.tt/2KnytoL

from Business Insurance https://ift.tt/2JB2kJ7

from Business Insurance https://ift.tt/2r49aQo

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

EPIC Insurance Brokers & Consultants and the trustees of the American Council of Engineering Companies Business Insurance Trust said Thursday that EPIC unit Greyling Insurance Brokerage & Risk Consulting Inc. has been selected as the broker and program administrator for the ACEC BIT Program. from Business Insurance https://ift.tt/2JAjeHH

The Trump administration has abandoned or withdrawn regulations and policies that would protect employees in the workplace, including an effort to adopt a federal workplace violence standard for health care and social assistance workers, according to a new report by the AFL-CIO. from Business Insurance https://ift.tt/2I3tVDd

A federal jury has awarded $5.1 million to 10 workers who said their health-network employer had forced them to participate in group prayers and other religious activities as part of the “Onionhead” religion. from Business Insurance https://ift.tt/2I7R7jK

A bill that would set up a state-monitored workers compensation insurance company in Illinois passed the state House of Representatives in a 62-43 vote Thursday. from Business Insurance https://ift.tt/2HztQ9j

The Saskatchewan government says no decision has been made to implement mandatory training for truck-trailer drivers, despite a memo from its Crown insurance company that says a plan will be in place by next year. Jim Billington, the press secretary for Premier Scott Moe, says in a statement that Saskatchewan Government Insurance sent an internal bulletin to driver instructors on April 25 about the possibility of introducing standardized training for Class 1 drivers. Billington confirms that SGI and the government have been in consultation with the industry since last July, but a decision has not been made on standardized training, although talks continue on the curriculum and required hours. The SGI memo says the spotlight has been on driver training and testing since the April 6 bus-truck crash involving the Humboldt Broncos junior hockey team, which killed 16 people and injured 13 others. It says the agency, in collaboration with the province, will work toward mandatory training...

Despite the odds of a spotting an unidentified object in Florida being the lowest among all states, alien-abduction insurance is still an option, The Palm Beach Post reported Tuesday. from Business Insurance https://ift.tt/2Flsihh

North Carolina Insurance Commissioner Mike Causey this week toured some of the areas hardest hit by a mid-April tornado, saying the storm damaged more than 1,000 buildings in one county alone. As the clean-up efforts continue in Greensboro and Rockingham … from News – Insurance Journal https://ift.tt/2I2t99q

A North Dakota man is facing an insurance fraud charge after allegedly using another person’s coverage to obtain services from an area hospital. North Dakota Insurance Commissioner Jon Godfread, in partnership with the Bismarck Police Department and the Burleigh County … from News – Insurance Journal https://ift.tt/2JyfqXk

Allianz Global Corporate & Specialty (AGCS) has partnered with Israel-based drone safety systems company ParaZero to offer its drone-safety products to insureds and help them manage risks involved with the operation of drones. This partnership is scheduled for initial roll … from News – Insurance Journal https://ift.tt/2vXxbxE

A judge has dismissed an involuntary manslaughter charge against one of five defendants in the decapitation death of a 10-year-old Kansas boy on a water slide. Wyandotte County District Court Judge Robert Burns on dropped charges against Schlitterbahn Waterpark of … from News – Insurance Journal https://ift.tt/2FnmzHE

(Reuters) — Emboldened by President Trump's pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to scrap or revise more than a dozen other lesser-known rules they say are outdated, costly and hurt economic growth. from Business Insurance https://ift.tt/2r4DQkC

Hurricane Harvey’s epic rain in August 2017 convinced many residents and elected officials in Southeast Texas that the drastic flooding required drastic drainage solutions. The Galveston County Daily News reports one drastic solution is transforming the scenic bends in the … from News – Insurance Journal https://ift.tt/2JxTQ5z

The Florida Highway Patrol is investigating a crash involving 17 vehicles near Orlando. Sgt. Kim Montes said in a news release that the crash happened around 6 a.m. Thursday on State Road 520. The road was shut down in both … from News – Insurance Journal https://ift.tt/2r3foQr

EPIC Insurance Brokers & Consultants has added insurance industry veteran KJ Wagner as principal and director of Property & Casualty Insurance Operations for the firm’s Southwest Region. Based in Dallas, Wagner will report to Jim Watt, EPIC’s Houston-based Southwest Region … from News – Insurance Journal https://ift.tt/2HvZzft

Casey W. Connor has been named president of Dempsey & Siders Insurance Agency in Madeira, Ohio. Dempsey & Siders is a member of the Great American Insurance Group. Connor succeeds Randy Denker, who retires in April 2018 after nearly 24 … from News – Insurance Journal https://ift.tt/2KitipW

Hartford Financial Services Group Inc. experienced significantly higher profit in the first quarter of 2018 but reported some pricing pressures in its workers compensation business. from Business Insurance https://ift.tt/2vRvzVZ

Lawyers for a British tourist who says he was badly hurt taking part in an illusion by Las Vegas Strip headliner David Copperfield in 2013 say they’ve found three other people who were injured in shows over the years. Attorney … from News – Insurance Journal https://ift.tt/2HAvDiw

Carol Poulsen, executive vice-president and chief information officer of The Co-operators, is one of five CIOs to win the 10 th annual Global Breakaway Leadership Award as part of Gartner Evanta’s Global CIO Executive Summit. “Carol is a business leader who has exemplified our purpose to provide financial security for Canadians and Canadian communities while building an industry-leading technology capability at The Co-operators,” Rob Wesseling, president and CEO of The Co-operators, said in a news release. “Carol’s contributions at our most senior management table go far beyond the realm of technology and have substantially influenced our top-level strategies. She has been a champion of diversity and sustainability within our organization.” Poulsen joined The Co-operators as CIO in 2011, bringing a breadth of experience in insurance and banking, technology and business, and vendor experience to the role. Canadian Insurance Top Broker is now on Facebook ( facebook.com/TopBrokerMag ...

The Los Angeles Police Department says one of its officers has been arrested on suspicion of workers’ compensation fraud. Officials say Officer John Bailey was taken into custody this week after a felony warrant was issued for his arrest. City … from News – Insurance Journal https://ift.tt/2vTZ0GY

PG&E Corp. tentatively lost a bid to inoculate itself from a finding of liability in a 2015 fire, a court decision that deals the company a potentially more serious setback in its strategy to shield itself from deeper losses in … from News – Insurance Journal https://ift.tt/2HvZoRx

Red River Mutual is maintaining its support of the Broker Identity Program (BIP) at the full partner level, according to a news release from the Insurance Brokers Association of Canada (IBAC). “The broker distribution channel provides invaluable knowledge and insurance advice to millions of Canadians,” said Brian Esau, president and CEO of Red River Mutual. “We are committed to supporting the Broker Identity Program and look forward to another year partnering with IBAC.” Launched in 1988, the BIP’s goal is to raise awareness of the insurance broker distribution network and promote the value and professionalism of brokers to consumers, insurers and governments. Canadian Insurance Top Broker is now on Facebook ( facebook.com/TopBrokerMag )  as well as LinkedIn ( linkedin.com/company/citopbroker ) and Twitter ( twitter.com/CITopBroker ) . Follow us for easy access to the top P&C news you need to know. from Canadian Insurance Top Broker https://ift.tt/2r3PvA9

Ida Axling and Emmanuel Kenning look at the top stories in a week with a somewhat different feel to it. from Insurer - insuranceage.co.uk https://ift.tt/2Jydka5

Trade credit, surety and trade finance solutions provider Tinubu Square has launched a new Innovation LAB that focuses on the use of blockchain, advanced integration and deep analytics for insurance and banking industry applications. from IBR - News https://ift.tt/2KlCIB1

This week’s most popular stories include executive moves at Willis Towers Watson, leaders at Aon, a Texas workers comp fraud scheme, and more. from Business Insurance https://ift.tt/2r3Zu7E

Worldwide Facilities has completed its acquisition of Gerald J. Sullivan & Associates, a national specialty intermediary that trades as The Sullivan Group. Worldwide Facilities acquired all of the outstanding capital stock of Sullivan. No other details of the transaction, which … from News – Insurance Journal https://ift.tt/2HXgSp4

  Size: 3.3 MB,   Time: 2 min, 16 sec Text transcript    Download Marc Lefebvre of the Insurance Bureau of Canada tells brokers what they need to know about roadside tests for cannabis impairment. Related Article: Questions abound about testing for cannabis impairment Subscribe to our Newsletter  Text Transcript Marc Lefebvre, underwriting coordinator, legal services, at Insurance Bureau of Canada. The issues that will come up in regard to testing for cannabis impairment are just that we have the ability to test right now for the presence of an illegal drug within saliva—whether that be cannabis or any other type of illegal drug. What it doesn’t do is it does not detect the level of impairment, and that’s going to be the biggest challenge to law enforcement. To convict anybody of driving while impaired—whether it be by drugs or alcohol, there is a huge difference, and the challenge for law enforcement with cannabis is that we don’t have a t...

New Jersey plastics manufacturer Douglas Stephen Plastics Inc. has been cited for exposing employees to safety and health hazards at its Paterson, N.J., facility and faces penalties of $435,679. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) … from News – Insurance Journal https://ift.tt/2JzLOJn

Don’t expect Chubb to pursue an acquisition anytime soon. Chairman and CEO Evan Greenberg repeatedly downplayed the possibility of one in what he referred to as an “overpriced” market. “The prices paid for recent transactions may make sense to others, … from News – Insurance Journal https://ift.tt/2JtzvOH

Scientists at UCLA have determined that medical insurance company records can be used to make accurate predictions about future health conditions in their members. These predictions lead to better outcomes by enabling proactive treatments for future illness, rather than falling … from News – Insurance Journal https://ift.tt/2KjTBvN

Attorneys general from California, Oregon and New York on Thursday filed a motion to intervene in a case between the securities industry and the U.S. Department of Labor, petitioning the full 5th U.S. Circuit Court of Appeals to revisit its … from News – Insurance Journal https://ift.tt/2JzXuMi

Show them the money! Teens who text while driving may be convinced to reduce risky cellphone use behind the wheel when offered financial incentives such as auto insurance apps that monitor driving behavior and reward good drivers with discounts. According … from News – Insurance Journal https://ift.tt/2KipZix

The PURE Group of Insurance Companies, which includes Privilege Underwriters Reciprocal Exchange (PURE), a White Plains, N.Y.-headquartered, policyholder-owned property and casualty insurer designed for high-net-worth individuals and families, has named Katherine Richardson chief human resources officer. She joins the company’s … from News – Insurance Journal https://ift.tt/2JvwPjp

Fitch Ratings said in a recent report that the sector outlook for London market insurance remains negative in 2018, reflecting its analysts’ expectation that underwriting results will continue to be pressured by the high cost of doing business, due to … from News – Insurance Journal https://ift.tt/2HAi26L

An environmental group has filed a notice of its intent to sue the city of Newark over what it says are elevated levels of lead in the city’s drinking water. The Natural Resources Defense Council has 60 days to file … from News – Insurance Journal https://ift.tt/2KkbuLa

Watch our series of webinars and catch up with all of the articles which explored the myriad of issues in the world of cyber insurance. from Insurer - insuranceage.co.uk https://ift.tt/2FlIxuK

China’s central bank and financial regulators have issued guidelines to strengthen supervision on non-financial companies investing in financial institutions. China will strictly restrict irrational and blind investment in financial institutions, according to the guidelines issued by the People’s Bank of … from News – Insurance Journal https://ift.tt/2HwkjzH

Joachim Wenning, chief executive of Munich Reinsurance Co., said that the reinsurer's traditional business has "sustained growth potential" driven by digital transformation and reduction in complexity. from Business Insurance https://ift.tt/2Fp9WvS

The Federal Court of Australia has fined Australia-based telecom firm Telstra Corp. Ltd. $10 million Australia ($7.5 million) after its billing charges potentially misled more than 100,000 customers. from Business Insurance https://ift.tt/2HYMg6V

Research by U.K.-based research firm YouGov P.L.C. and Barclays P.L.C. found that cyber attacks caused local small and medium-sized enterprises an estimated combined loss of £40 billion ($56 billion). from Business Insurance https://ift.tt/2Kj6Fl7

Farah Jaafar-Crossby, chief executive of Malaysia-based Labuan International Business and Financial Centre Inc. Sdn Berhad, said that captive and protected cell companies have huge potential to grow in Asia as a self-insurance tool. from Business Insurance https://ift.tt/2r565i3

Japan has partnered with Southeast Asian countries including Laos, Cambodia and Myanmar to set up the Southeast Asia Disaster Risk Insurance Facility. from Business Insurance https://ift.tt/2JzkxXd

Brazil-based insurer Bradesco Seguros S/A's net income grew nearly 14% to more than 1.5 billion Brazilian real in the first quarter ($429 million) from BRL 1.3 billion in the first quarter of 2017. from Business Insurance https://ift.tt/2KhFZ4k

U.K.-based insurance broker McClarrons Ltd. has acquired local competitor Chapmans Insurance Consultants Ltd. from Business Insurance https://ift.tt/2r2ezre

An explosion at Husky Energy’s refinery in Superior, Wisconsin, caused a fire that burned for several hours on Thursday and sent smoke billowing into the air, prompting the evacuation of thousands of residents, officials said. Local media said at least … from News – Insurance Journal https://ift.tt/2r4jms0

Allianz said that it will soon complete the purchase of credit insurance firm Euler Hermes Group, via a squeeze-out procedure to buy out the rest of minority shareholders. from IBR - News https://ift.tt/2KhkFMx

Policy is sold via brokers and aimed at the real estate sector. from Insurer - insuranceage.co.uk https://ift.tt/2vR1vdc

Test your knowledge of the week's news with our topical quiz. from Insurer - insuranceage.co.uk https://ift.tt/2r3aZ04

Insurer reveals changes to maximum and minimum values along and will now consider drivers aged 28. from Insurer - insuranceage.co.uk https://ift.tt/2Kk7IRR