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Showing posts from November, 2018

Must-Reads Of The Week From Brianna Labuskes

AXA XL Adds Cybersecurity Services to Cyber Insurance Program

AXA XL, a division of AXA, has added complimentary proactive cybersecurity services for its primary cyber & technology insurance clients to improve their cybersecurity preparedness. During their first cyber insurance policy year, AXA XL’s cyber clients can choose one of … from News – Insurance Journal https://ift.tt/2P98Gle

Texas’ Hotchkiss Insurance Hires 2 in Employee Benefits Division

Hotchkiss Insurance, a Texas-based full-service independent agency, has expanded its employee benefits division with the addition of Chris Hamilton as the employee benefits practice leader and Natalie Cooper as an account executive. Hamilton and Cooper will serve clients statewide from … from News – Insurance Journal https://ift.tt/2BIfgf9

Merk Tapped as Next Executive VP, CEO at Wisconsin’s Rural Mutual

Madison, Wisconsin-based property/casualty insurer, Rural Mutual Insurance Co. (Rural), has appointed Daniel J. Merk as executive vice president and CEO. Merk will work with current executive VP and CEO Peter Pelizza in a transitional period while holding the title of … from News – Insurance Journal https://ift.tt/2r9CTHo

Lion Air Crash Demonstrates Unintended Consequences of Cockpit Automation

As Boeing Co. was developing its latest version of the 737 airliner, it discovered the design was slightly more prone to a loss of control. So the company added a computer-driven safety feature — one that is now a focus … from News – Insurance Journal https://ift.tt/2FTdXOr

Harvey Relief Fund Grants Total Nearly $114M

A relief fund established after heavy rain from Hurricane Harvey swamped parts of Houston has provided its final grants in an overall nearly $114 million charitable effort. Leaders of the Hurricane Harvey Relief Fund on Nov. 28 announced $3 million … from News – Insurance Journal https://ift.tt/2Pcktiz

Explosion at ChemChina’s Hebei Plant Caused by Gas Leak

A gas leak at a plant owned by a ChemChina subsidiary caused a blast that killed 23 people and injured 22 this week in Zhangjiakou, Hebei province, ChemChina said in a statement on Friday. PVC producer Hebei Shenghua Chemical Industry … from News – Insurance Journal https://ift.tt/2zsJwcn

MillerCoors, Pabst Settle Suit Over Brewing Contract

MillerCoors and Pabst Brewing Co. settled a lawsuit on Nov. 28 in which the hipster’s brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst’s beers to put that company out of business. The settlement … from News – Insurance Journal https://ift.tt/2FQ2ejM

Modeler: Insured Losses from Woolsey Fire in Southern California at Least $2.5B

Catastrophe risk modeling firm AIR Worldwide on Friday said it estimates that insured losses from the Woolsey Fire in Southern California will be at least $2.5 billion. Moody’s on Thursday released estimates showing property/casualty insurers and reinsurers total insured losses … from News – Insurance Journal https://ift.tt/2KIkqdZ

Hawley to Reintroduce McCaskill’s Duck Boat Bill

Republican Sen.-Elect Josh Hawley of Missouri says he’ll reintroduce a duck boat safety bill that his campaign rival Sen. Claire McCaskill proposed after a duck boat sank in July, killing 17 people. Hawley said he’ll bring the legislation up again … from News – Insurance Journal https://ift.tt/2PcjCOT

Beazley Adds QBE’s Lever to Marine Underwriting Team in Houston

Beazley has appointed Reese Lever as a U.S. marine underwriter for the Southwest region. Reese joins Beazley’s office in Houston, Texas, from QBE where he was a vice president, marine, based in the same city. A seasoned all lines marine … from News – Insurance Journal https://ift.tt/2zxrrKa

Survivors of Arkansas Nightclub Shooting Sue Owners

Nineteen people who survived a shooting last year at a Little Rock, Arkansas, nightclub filed a lawsuit against the club’s owners, alleging negligence in security and in staff training. At a press conference, two survivors and their lawyers said they … from News – Insurance Journal https://ift.tt/2Q46alM

Technology inspired by films: From gesture control to jet suits

It’s said that influences can come from anywhere – and a closer look at today’s and upcoming inventions show technology inspired by films. Numerous directors have made prescient The post Technology inspired by films: From gesture control to jet suits appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2Sj7xcI

Marriott Starwood Assessing Impact of 4-Year Long Data Breach

Marriott International said on Friday hackers stole about 500 million records from its Starwood Hotels reservation system in an attack that began four years ago, exposing personal data of customers including some payment card numbers. Shares of the company were … from News – Insurance Journal https://ift.tt/2KKROR3

InsurTech Futures: Start-ups launch InsurTech body

Thirty-one companies come together with the aim of becoming a formal association in 2019. from Insurer - insuranceage.co.uk https://ift.tt/2E2HYtm

California Mobile Home Residents Awarded $34M in Suit over Living Conditions

A jury has awarded $34 million in damages to 51 current and former residents of a Southern California mobile home park they say is rife with problems including sinkholes, sewage backups and rats. The Los Angeles Times reported the damages … from News – Insurance Journal https://ift.tt/2zyKvHR

Colorado Agency Targeted in Massive Ransomware Scheme

No money was paid and no information was lost during a ransomware cyberattack that exploited a cloud-based vulnerability in the Colorado Department of Transportation’s computer network last spring, officials said. CDOT was one of several government agencies across the country … from News – Insurance Journal https://ift.tt/2Q3Uuzs

Podcast: The top 5 stories of the week

Ida Axling and Siân Barton take a look at this week’s headlines. from Insurer - insuranceage.co.uk https://ift.tt/2P7QVmo

Hartford InsurTech Hub Announces 2019 Cohort of Startups

Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled the 2019 cohort of startups for its acceleration program. The chosen startups cover a range of abilities, from property insurance claims to peer-to-peer insurance (P2P). The 10 teams, selected from more than … from News – Insurance Journal https://ift.tt/2E6yoWG

New Virginia Building Code Could Alter Coastal Neighborhoods

A regulation in Virginia’s new building code could alter the look and feel of some neighborhoods near the state’s coast in the coming decades. The Virginian-Pilot reported Tuesday that the change will impact some of the Hampton Roads region’s historic, … from News – Insurance Journal https://ift.tt/2TUB0eR

How the North West of England could become a leader in promoting hydrogen energy

Energy industry leaders have joined forces in a bid to make hydrogen a key power source in the North West of England and bring down the region’s carbon The post How the North West of England could become a leader in promoting hydrogen energy appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2AGRwWO

CVS Says It Closed on Deal to Buy Aetna But Judge Balks

In an unusual move on Thursday, a federal judge raised the prospect of not approving CVS Health Corp.’s deal to buy insurer Aetna Inc., which closed earlier this week, during a routine portion of the legal process. Judge Richard Leon … from News – Insurance Journal https://ift.tt/2zzsHfU

Family of Woman with Opioid Addiction Sues a Mass. Police Department for Records

The family of a 30-year-old Vermont woman whose obituary gained national attention for its discussion about her opioid addiction are suing a Massachusetts police department for information about the days leading up to her death. The lawsuit was filed Tuesday … from News – Insurance Journal https://ift.tt/2Paku6I

Massachusetts Pot Shops Report Sales Above $2.2M in 1st Week of Operation

The first commercial pot shops in Massachusetts sold more than $2.2 million worth of marijuana products during the first five days they were open for business. That’s according to figures released Tuesday by the Cannabis Control Commission. The stores in … from News – Insurance Journal https://ift.tt/2Pb9LJg

AXIS Consolidates 4 Businesses Into Single Global Cyber and Technology Unit

AXIS Insurance said it is merging its U.S. Cyber, Technology, Media and Miscellaneous Professional Liability businesses into one major division to better address “borderless risks.” Dan Trueman has been appointed as global head of the division, dubbed the Global Cyber … from News – Insurance Journal https://ift.tt/2DSO6DE

From pain-relieving tampons to period trackers: Four femtech start-ups set to change female care

Period cramps and hormonal contraceptives are some of the female healthcare challenges the industry has largely failed to overcome – but a new wave of femtech start-ups are The post From pain-relieving tampons to period trackers: Four femtech start-ups set to change female care appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2SlunAp

Chubb launches terrorism risk management tool

The product is designed to help customers understand their terrorism risk and will be distributed via brokers. from Insurer - insuranceage.co.uk https://ift.tt/2SqXrH5

Ceta targeting up to 500 brokers with new online non-standard property service

“Game changing” offering set to go live in mid-January. from Insurer - insuranceage.co.uk https://ift.tt/2SqWheH

Blog: Why it’s important to think about engineering inspections

Allianz head of engineering inspection Martin Ball on why brokers need to ensure that clients take engineering inspections seriously. from Insurer - insuranceage.co.uk https://ift.tt/2E8dUMU

Short On Federal Funding, Obamacare Enrollment Navigators Switch Tactics

UK electric vehicle charging network to expand by 14% with Tesco-VW partnership

The UK’s largest retail electric vehicle charging network is to be built after Tesco and Volkswagen teamed up. The nation’s largest fuel retailer and the world’s biggest vehicle The post UK electric vehicle charging network to expand by 14% with Tesco-VW partnership appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2SggT98

Quizzical questions: 30 November 2018

Test your knowledge of the week's news with our topical quiz. from Insurer - insuranceage.co.uk https://ift.tt/2E76gma

British, Dutch Regulators Fine Uber for 2016 Cyber Attack

British and Dutch regulators on Tuesday [Nov. 27] fined ride-hailing service Uber for failing to protect customers’ personal information during a 2016 cyber attack involving millions of users. Names, mobile phone numbers and email addresses were compromised in the breach, … from News – Insurance Journal https://ift.tt/2Sj7z4n

UK’s EU Draft Divorce Deal Preferable to No-Deal Brexit, Says FCA

Britain’s draft divorce settlement with the European Union is preferable to a no-deal Brexit even though this would leave it without a say over EU financial rules, its finance industry watchdog said on Thursday. The Financial Conduct Authority’s report was … from News – Insurance Journal https://ift.tt/2Qu3XPN

What is femtech? Promoting female healthcare in a male-dominated industry

“It’s time to give a s*** about women’s health,” says Shardi Nahavandi, CEO and co-founder of femtech start-up Sura. The Sura app gives women a personal contraception plan The post What is femtech? Promoting female healthcare in a male-dominated industry appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2DPfz9c

Justice Department Vows to Pursue Individual Executives in Corporate Crime Cases

The U.S. Justice Department will make executive accountability a part of every investigation of corporate wrongdoing, Deputy Attorney General Rod Rosenstein said. “Under our revised policy, pursuing individuals responsible for wrongdoing will be a top priority in every corporate investigation,” … from News – Insurance Journal https://ift.tt/2rdEOuE

Democrats’ Climate Change Concern Ebbs When Congress Faces Flood Insurance

A Congressional stalemate over flood insurance highlights the difficulty of enacting the type of reforms urged last week in a U.S. government report on climate change — even for Democrats, who embraced the report’s findings. The heavily indebted National Flood … from News – Insurance Journal https://ift.tt/2FS94Fl

Judges Weigh Consolidating Firefighting Foam, Other Water Chemical Lawsuits

Creating a massive lawsuit over cancer-linked chemicals found in around a third of Americans’ drinking water got a skeptical reception in federal court Thursday. A panel of seven judges in Manhattan repeatedly asked whether cases across the U.S. should be … from News – Insurance Journal https://ift.tt/2rfFiQB

Democrats, Republicans Tentatively Agree on Farm Bill with Crop Insurance, Food Stamps

Democrats and Republicans said they reached a tentative deal on farm legislation after jettisoning controversial work requirements for food stamp recipients demanded by President Donald Trump and conservatives in the House. Lawmakers said Thursday they expect both chambers to take … from News – Insurance Journal https://ift.tt/2FS92xd

J.M. Wilson Promotes Silverman to Transportation Underwriter in South Carolina

J.M. Wilson has promoted Cassandra Silverman to Transportation underwriter in its North Charleston, S.C., office. Silverman is responsible for underwriting new and renewal business, corresponding with carrier underwriters, and assisting independent agents in Georgia, North Carolina, South Carolina and Tennessee. … from News – Insurance Journal https://ift.tt/2rdENXC

Company Building West Virginia Pipeline Fined $122K for Environmental Violations

A company building a natural gas pipeline in West Virginia has agreed to pay $122,350 for environmental violations. The Charleston Gazette-Mail cited a consent order made public Monday in reporting that Columbia Gas Transmission agreed to pay the amount to … from News – Insurance Journal https://ift.tt/2E3G2AR

Beck to Become Next Georgia Insurance Commissioner

Georgia Republican and former deputy insurance commissioner Jim Beck has been elected as the state’s next insurance commissioner, according to final election results. In a close race against insurance agent Janice Laws in the state election to replace Georgia Insurance … from News – Insurance Journal https://ift.tt/2PeNjiE

North Carolina Requests $8.8B in Florence Recovery Funds from Congress

North Carolina’s governor is asking Congress for more federal funding to recover from Hurricane Florence, saying the total $8.8 billion requested is comparable to the help Washington has provided for other disasters since Hurricane Katrina in 2005. Gov. Roy Cooper … from News – Insurance Journal https://ift.tt/2E675eX

Flood Insurance Lapse Avoided But Longer Term Extension Still Uncertain

The House and the Senate have approved a seven-day extension of the federal flood insurance program that keeps the program from lapsing Friday. That short extension will take the program to Dec. 7, the day by which Congress must pass … from News – Insurance Journal https://ift.tt/2FQ7l3w

California Regulator Requiring PG&E to Implement Safety Recommendations

California’s top utilities regulator on Thursday ordered the embattled power utility Pacific Gas and Electric Co. to implement safety recommendations the agency’s staff outlined in an independent third-party report. The move by the California Public Utilities Commission comes as it … from News – Insurance Journal https://ift.tt/2TUoyM2

Is Trump Pushing Health Insurance Innovation Or An ACA Rollback?

Survey from Regulator of Largest U.S. Insurance Market Shows More Coal Divestment by Insurers

California Insurance Commissioner Dave Jones on Thursday revealed he’s had some success with his 2018 Climate Risk Carbon Initiative Coal Divestment Follow-Up Survey. Jones said the results of the survey reflect an increase in the number of insurers that divested … from News – Insurance Journal https://ift.tt/2TYaLUQ

Podcast: KHN’s ‘What The Health?’ Reading The Tea Leaves In Blue Wave’s Wake

Insurtech Oyster Opens up Its Pay-as-You-Go Workers’ Comp Model in California

A new insurtech wants to provide pay-as-you-go workers’ compensation to as many small businesses in California as possible, and it hopes to use the momentum it’s built following a quiet launch in the East earlier this year to do just … from News – Insurance Journal https://ift.tt/2Rut3es

California OKs $16.3M Rate Reduction for Earthquake Policyholders

California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of thousands of homeowners and renters in the state. Jones … from News – Insurance Journal https://ift.tt/2Ro5p3B

Laughlin Named Chief of Staff Insurance for Commissioner-Elect Mulready

Insurance Commissioner-Elect Glen Mulready has tapped Oklahoma native and longtime conservative adviserTyler Laughlin as chief of staff and first deputy insurance commissioner. Laughlin, currently a deputy commissioner for the Oklahoma Insurance Department, will lead Mulready’s transition into the post. Commissioner-elect … from News – Insurance Journal https://ift.tt/2r7OAhM

Starr Insurance to Offer Ski, Snowboard Rescue & Evacuation Insurance

Starr Insurance Companies has formed an agreement with Safe Descents, Inc. to provide the an insurance program for rescue and evacuation for skiers and snowboarders in the United States. The policy, underwritten by Starr Indemnity & Liability Co. and sold … from News – Insurance Journal https://ift.tt/2FYcjuO

Issuer Credit Rating of Texas Mutual Insurance Upgraded by A.M. Best

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Texas Mutual Insurance Company (Texas Mutual) in Austin, Texas. The outlook of the Long-Term … from News – Insurance Journal https://ift.tt/2AyQlIZ

J.M. Wilson Adds Henard as Commercial Bond Underwriter in Indiana

Managing general agency and surplus lines broker J.M. Wilson has hired Aimee Henard as a commercial bond underwriter in its Carmel, Indiana, office. Henard is responsible for underwriting new and renewal commercial and fidelity bonds, as well as corresponding with … from News – Insurance Journal https://ift.tt/2TUNUta

Arkansas Plant Board Committee: Regulate Dicamba Use in 2019

An Arkansas Plant Board committee recommended that the state allow farmers to use the herbicide dicamba next year but extend protections to prevent the weed killer from drifting and damaging crops. The board’s pesticide committee voted Monday to allow in-crop … from News – Insurance Journal https://ift.tt/2TVqZ0N

Ohio Has Fewest Traffic Deaths Since 1991 Over Thanksgiving Holiday Period

The State Highway Patrol says six people were killed in Ohio traffic crashes over this year’s Thanksgiving travel season — the lowest number of traffic fatalities for that travel period in 27 years. A patrol release says the six people … from News – Insurance Journal https://ift.tt/2AxjODl

Legionnaire’s Crisis Behind Illinois Damage-Award Veto Override

People who are harmed or injured in incidents that are the state government’s fault will be eligible for damage awards of as much as $2 million after the state House voted to override a veto by Gov. Bruce Rauner. The … from News – Insurance Journal https://ift.tt/2U2N7Xk

2.9M Colorado Residents Now Living in Areas at Risk Of Wildfire

The number of Coloradans whose homes are at risk from wildfires soared 45 percent in five years, reflecting the state’s booming population and changing uses of agricultural land, state officials said. The Colorado State Forest Service said 2.9 million people … from News – Insurance Journal https://ift.tt/2KFjXsO

USG Names Sewell AVP in Southern California

USG has named Larry Sewell business development assistant vice president in the Irvine, Calif. branch. Sewell will support the overall effort to expand USG’s Southern California footprint. He will also be a part of USG’s agency relationship management team, where … from News – Insurance Journal https://ift.tt/2E1uwWV

Moody’s Says Losses from California Wildfires Will Impact P/C Insurer And Reinsurer 4Q Earnings

Moody’s has released estimates showing property/casualty insurers and reinsurers total insured losses at $10 billion $15 billion from the California wildfires, which destroyed more than 20,000 residential and commercial structures, and damaged nearly 1,000 structures. Moody’s says it expects insured … from News – Insurance Journal https://ift.tt/2E4Aer2

Schemes and insurers jet in for brokers after Ageas’ partial travel exit

Providers “hungry” for business. from Insurer - insuranceage.co.uk https://ift.tt/2BFNcZS

Helen Bryant to lead on SME and corporate partnerships at Allianz as David Martin departs

Martin leaving for Zurich to become MD of UK retail business. from Insurer - insuranceage.co.uk https://ift.tt/2ra75ls

Future energy challenges and opportunities for the UK analysed by former National Grid boss

As the world makes a wholesale shift towards renewables, it presents numerous opportunities for scientists and businesses working on new technologies – but there are also plenty of The post Future energy challenges and opportunities for the UK analysed by former National Grid boss appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2P9hhVc

Vermont Town Votes to Join Law Firm’s Opioid Lawsuit

A Vermont town’s select board has voted to work with a national law firm that plans to sue opioid makers over the drug crisis. The Bennington Banner reports Bennington will not have to pay for litigation as part of the … from News – Insurance Journal https://ift.tt/2rdFtfA

Hub International Reports Minority Investment by Canada’s Altas

Chicago-based global insurance broker Hub International Limited said it has received a “substantial minority investment” from funds managed by Altas Partners, an investment firm based in Toronto. Funds managed by Hellman & Friedman (H&F) remain the largest investor in Hub … from News – Insurance Journal https://ift.tt/2FPNRvG

FCA calls for Brexit implementation period

Regulator says it prefers the draft withdrawal agreement over no-deal Brexit after impact assessment. from Insurer - insuranceage.co.uk https://ift.tt/2rcQTQt

Prep School Grad in Sex Assault Case Asks for New Trial

An elite prep school graduate convicted of using a computer to lure an underage student for sex is asking the New Hampshire Supreme Court for a new trial by arguing he had ineffective counsel. Owen Labrie, of Tunbridge, Vermont, was … from News – Insurance Journal https://ift.tt/2FOLLwc

New Jersey Blast Destroys Home, Damages School

Authorities say an explosion in a northwestern New Jersey home destroyed the residence and damaged a high school across the street. No injuries were reported in the blast, which occurred shortly before 11 p.m. Tuesday in Hardyston. Officials say no … from News – Insurance Journal https://ift.tt/2zvl4Hm

Senators Encouraged by Talks on Farm Bill

U.S. lawmakers are very close to reaching a consensus in days on the Farm Bill, two senior senators said on Wednesday, after months of bitter partisan debate over the legislation to fund $867 billion in food and agriculture programs. “We … from News – Insurance Journal https://ift.tt/2KH30hL

Applied Systems Among Firms Layering Loans to Pay Equity Owners

First the companies tapped the loan market. Not long after that, they came back for more. Corporations like Bausch Health Cos., a drugmaker, telecom provider Sprint Corp. and Applied Systems Inc., an insurance software provider, borrowed again this month after … from News – Insurance Journal https://ift.tt/2FNyOCX

Ageas in partial withdrawal from travel

Insurer to close online broker travel facility but keep schemes. from Insurer - insuranceage.co.uk https://ift.tt/2DURcY3

Home insurance bills drop

Consumer Intelligence research shows average premiums fell 0.4% to October 2018, but increases could be on the horizon. from Insurer - insuranceage.co.uk https://ift.tt/2P8Bf2n

Competition watchdog launches funeral industry investigation over ‘large price hikes’

The UK’s competition watchdog has launched an investigation into the funeral industry after it highlighted “serious concerns” with price hikes that affect the most vulnerable. The Competition and The post Competition watchdog launches funeral industry investigation over ‘large price hikes’ appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2BF0G8f

Watch: Why Infusion Drugs Come With Sticker Shock

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Kaiser Health News Editor-in-Chief Elisabeth Rosenthal discusses the latest “Bill of the Month” installment on  “CBS This Morning”  on Wednesday. The story of an Ohio mom who faced an outrageous bill for a new medicine for multiple sclerosis is part of an ongoing crowdsourced investigation by KHN and NPR. from Insurance – Kaiser Health News https://ift.tt/2KJbPHG

Browne and Hunt Named CEO and Deputy CEO of AGCS UK

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty SE (AGCS) has announced that Sinéad Browne will assume the role of AGCS UK CEO in addition to her responsibilities as chief regions and markets officer, subject to regulatory approval. … from News – Insurance Journal https://ift.tt/2PYO1FT

Danish Prosecutors Charge Danske with Alleged Money Laundering Violations

Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in relation to its Estonian branch. The country’s biggest lender was placed under investigation in August over concerns that transactions worth … from News – Insurance Journal https://ift.tt/2AuFVu0

Timeline: Australia’s Inquiry of Misconduct at Banks, Insurers, Wealth Managers

For nine months a quasi-judicial public inquiry into Australia’s financial system has heard allegations of bribery, fraud, board-level cover-up, abuse of power and the charging of fees for no service. As the inquiry nears its end, the following is a … from News – Insurance Journal https://ift.tt/2TWLlXq

Australia Inquiry into Bank Misdeeds Could Trigger Sweeping Financial Sector Reform

An inquiry that has exposed rampant greed and wrongdoing in Australia’s major banks and wealth managers wraps up this week ahead of a final report which could trigger sweeping reform of the financial sector of the world’s 12-largest economy. Dismissed … from News – Insurance Journal https://ift.tt/2Q1cdY1

No-Deal Brexit Could Be Worse for UK Economy than 2018 Financial Crisis: BoE

Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months’ time, the Bank of England said on … from News – Insurance Journal https://ift.tt/2TWtZKC

2M Patients Impacted by Data Breach at North Carolina-Based Health Care Group

A North Carolina-based health provider says more than 2 million of its patients may have had personal information compromised in a data breach of billing information. News outlets report Atrium, headquartered in Charlotte, said Tuesday the hacking of billing vendor … from News – Insurance Journal https://ift.tt/2PYwm13

5 Killed, 200 Crashes on Mississippi Highways Over Thanksgiving

Five people have died in wrecks on Mississippi highways during the Thanksgiving holiday period. Mississippi Highway Patrol Capt. Johnny Poulos says that on Saturday, 61-year-old George Henyard Jr. of Morgan City, Louisiana, got his foot stuck in the tire of … from News – Insurance Journal https://ift.tt/2AAHczU

How Scalable Press is disrupting the mass customisation market

Scalable Press began as a schoolyard project when teen entrepreneur Raymond Lei sold personalised t-shirts to his high school friends. After securing a deal with his school tennis The post How Scalable Press is disrupting the mass customisation market appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2BCT45R

How lessons from 20th century car adoption can help prepare for a future of drones

First came the horse and cart, then it was the automobile – and now we should be preparing ourselves for a future of drones. Whether it’s for delivering The post How lessons from 20th century car adoption can help prepare for a future of drones appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2Q0NwuJ

FDA Vows Overhaul of Medical Device Approval System

U.S. health officials said this week they plan to overhaul the nation’s decades-old system for approving most medical devices, which has long been criticized by experts for failing to catch problems with risky implants and medical instruments. The Food and … from News – Insurance Journal https://ift.tt/2E3hCYe

What Insurers Want and Get from Insurtech Partnerships

Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very publicly fakes a wild orgasm. A nearby patron, when asked what she’d like to order, signals in Sally’s direction and … from News – Insurance Journal https://ift.tt/2ShOU8W

Puerto Rico Reforms Claims, Surplus Lines, Other Insurance Laws

The governor of Puerto Rico overhauled the U.S. territory’s insurance laws on Tuesday to help protect policyholders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Ricardo Rossello signed six laws into effect as he … from News – Insurance Journal https://ift.tt/2E3hzM2

How Insurer Deployed Technology to Expedite Wildfire Claims

As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was … from News – Insurance Journal https://ift.tt/2Skg2Vc

Florida Principal Arrested in $16K Hurricane Irma Insurance Fraud Attempt

An elementary school principal in Jacksonville, Fla., has been arrested in an alleged attempt to commit more than $16,000 in insurance fraud related to Hurricane Irma, according to a statement from Florida CFO Jimmy Patronis, who leads the state’s Department … from News – Insurance Journal https://ift.tt/2E3UAAp

Crum & Forster A&H Division Forms Captive Facility in Cayman Islands

The Accident & Health Division of Crum & Forster has launched Crum & Forster SPC, a Captive Facility in the Cayman Islands. The A&H Segregated Portfolio Company (SPC) Captive is rated A by A.M. Best. The Crum & Forster SPC … from News – Insurance Journal https://ift.tt/2P9m34M

Florida Deputy Insurance Commissioner Murphy Receives Dineen Award from NAIC

Florida Deputy Insurance Commissioner Susanne Murphy has been awarded the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance from the National Association of Insurance Commissioners (NAIC). Murphy was presented the award at the Opening … from News – Insurance Journal https://ift.tt/2BEtr4H

Under Trump, Number Of Uninsured Kids Rose For First Time This Decade

QBE Group CEO Regan: Role-Modeling QBE DNA to #RampItUp #Together

This article is part of Carrier Management’s Cultural Q&A series featured in the Nov/Dec 2018 print edition. Q: Do you spend more time on culture or strategy? Pat Regan, Group CEO, QBE Insurance: Definitely culture. We spent a bit of … from News – Insurance Journal https://ift.tt/2QmZrCO

Regulatory cooperation in Southeast Asia more crucial amid advances in tech

ASEAN insurance regulators will continue to work closely together to achieve a consistent approach in the development of a holistic insurance ecosystem in Southeast Asia - made more urgent given the demands digitalisation and changing consumer expectations. from Recent Posts on (eDaily) https://ift.tt/2PX8f2C

New Zealand: Regulator shines spotlight on life insurance commissions

The Reserve Bank of New Zealand (RBNZ) is sending a strong signal to the life insurance industry that broker commissions are too high compared to those in other markets. from Recent Posts on (eDaily) https://ift.tt/2RjF9Ht

India: 3 state owned insurers could be merged by March 2020

The merger of three public sector non-life insurance companies will be deferred at least until early 2020, according to Mr Girish Radhakrishnan, chairman and managing director, United India Insurance, one of the three insurers. from Recent Posts on (eDaily) https://ift.tt/2PZZjcJ

Japan: P&C majors expected to post profits for FY2018 despite CAT hits

Based on financial performance in the first half of fiscal 2018, three major P&C insurance groups in Japan are likely to remain profitable for the full fiscal year ending 31 March 2019 (FY2018), even after the exclusion of the accounting effect of the reversal of catastrophe reserves and gains on the sales of domestic stocks, according to Moody's Japan. from Recent Posts on (eDaily) https://ift.tt/2Rj1Prd

Hong Kong: Regulator consults on requirements for licensed insurance brokers

The Insurance Authority (IA) has launched a two-month public consultation on draft rules for licensed insurance brokers. from Recent Posts on (eDaily) https://ift.tt/2Q2aWQG

Negative Credit Implications from California Wildfire Could Emerge for Reinsurance, Fitch Says

The “downside credit risks” from the California wildfires are the most pronounced for investor-owned utilities, which could face large liabilities if IOU equipment is found to have ignited the fires. And negative credit implications could emerge for the reinsurance industry … from News – Insurance Journal https://ift.tt/2FLygNH

Credit Ratings of Texas Hospital Insurance Exchange Upgraded

A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-” of Texas Hospital Insurance Exchange (THIE) in Austin, Texas. The outlook of the … from News – Insurance Journal https://ift.tt/2rbw4oI

Sanchez Joins RHSB as Employee Benefits AVP in Dallas

Sebastian Sanchez joined RHSB (Roach Howard Smith & Barton) as assistant vice president in the Dallas-based agency’s Employee Benefits division. Sanchez is a benefit consultant with an emphasis in small to mid-market employers. His bilingual proficiency and multi-cultural background position … from News – Insurance Journal https://ift.tt/2SnSeQj

Texas Mutual Awards $100K Grant to Houston Construction Trade Training Center

Workers’ compensation carrier Texas Mutual Insurance Co. has awarded a $100,000 grant to the nonprofit Construction Career Collaborative (C3) to strengthen the skilled craft workforce in the Greater Houston region. C3 is a nonprofit alliance of owners, general contractors, specialty … from News – Insurance Journal https://ift.tt/2E2lQzm

J.M. Wilson Adds Vansyckle in Wisconsin

Managing general agency and surplus lines broker J.M. Wilson has hired Landen VanSyckle as sales and agency relations specialist in its Madison, Wisconsin, office. VanSyckle will be the primary resource and liaison for independent insurance agents in Wisconsin and Illinois … from News – Insurance Journal https://ift.tt/2SliniF

NAS Insurance Names Jacobs to Lead Underwriting Operations

NAS Insurance has named Jeff Jacobs to lead its Underwriting Operations. He is based in Chicago. Jacobs previously worked to establish NAS insurance’ regional operations in Chicago, New York and Atlanta. This new role expands his responsibilities for the company. … from News – Insurance Journal https://ift.tt/2E2lMj6

Missouri University Settles Former Baseball Player’s Lawsuit for $200K

State records show that former Southeast Missouri State University baseball player Broc Kreitler settled a lawsuit over an injury he suffered during a practice for $200,000. The Southeast Missourian reports that the settlement was reached earlier this year, although the … from News – Insurance Journal https://ift.tt/2RmPH8I

Kansas Company: Feed Truck Caused Amtrak Derailment

The upcoming trial over the Kansas derailment of an Amtrak passenger train has been cancelled after Cimarron Crossing Feeders admitted its runaway feed truck damaged the railroad track. Trial had been scheduled to start next week to determine who is … from News – Insurance Journal https://ift.tt/2PZHGd3

Female role models in tech: Profiling nine industry leaders from the UK

From Microsoft and Channel 4 to Trainline and Mumsnet, wherever we look there are numerous female role models in technology. Now, some of the leading names in the industry The post Female role models in tech: Profiling nine industry leaders from the UK appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2RjWQGN

Small Quake Rattles West Central California Valley

A magnitude-4.0 earthquake rattled the rural west side of the San Joaquin Valley early, the U.S. Geological Survey confirmed. No damages were reported. The USGS reported the temblor occurred at 5:07 a.m. on Tuesday and was centered 6 miles northwest … from News – Insurance Journal https://ift.tt/2QuphF2

PG&E Decided Not to Cut Power as Winds Raged Before California Wildfire

In the days before California’s deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept a close eye on the weather, warned customers it might shut off electricity in the area, and finally decided conditions … from News – Insurance Journal https://ift.tt/2BBzAP1

What are ICOs? An introduction to initial coin offerings in cryptocurrency and how to avoid a scam

A new form of peer-to-peer crowdfunding, initial coin offerings (ICOs) have helped start-ups around the globe capitalise on the decentralised benefits of blockchain technology. They have been dubbed The post What are ICOs? An introduction to initial coin offerings in cryptocurrency and how to avoid a scam appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2E22FWm

AmTrust pulls out of UK liability market

The book will be put into run-off in January. from Insurer - insuranceage.co.uk https://ift.tt/2Q34BED

Investigators Say Broken Rail Caused Pennsylvania Derailment Over Summer

Investigators say a broken rail caused a freight train derailment in Pittsburgh over the summer that disrupted service for weeks. Norfolk Southern issued the findings Wednesday in a report to the Federal Railroad Administration. The report says the Aug. 5 … from News – Insurance Journal https://ift.tt/2E25Xcb

Former Students Sue Massachusetts College that Abruptly Closed

Students who attended a Massachusetts college that abruptly shut its doors filed a class-action lawsuit Monday against the school and former administrators and trustees, alleging they were victims of fraud, misrepresentation and invasion of privacy. The suit, filed in U.S. … from News – Insurance Journal https://ift.tt/2BEpFIC

Markel International to Partner with Yacht Insurer Pantaenius

Markel International, the specialist insurer, will partner with Pantaenius GmbH, the European yacht insurance provider, to strengthen and broaden the capabilities and services that together they provide their clients globally. Through offices across Europe, the U.S. and Australia, Pantaenius has … from News – Insurance Journal https://ift.tt/2KIUKhm

One Killed, Six Injured When Car Drives into NYC Pedestrians

A 70-year-old driver trying to parallel park on a New York City street Monday lost control of his minivan and struck several pedestrians standing next to a fruit stand, killing one person and injuring six others, police said. “The car … from News – Insurance Journal https://ift.tt/2FJ1QDK

AXA to Buy Remaining 50% Stake in AXA Tianping for China Growth

AXA announced it has entered into an agreement with the current domestic shareholders of AXA Tianping Property & Casualty Insurance Co. Ltd. to acquire the remaining 50 percent stake of the company. Total consideration for the acquisition of the 50 … from News – Insurance Journal https://ift.tt/2BBni9l

Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit

Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away. Hong Kong’s financial … from News – Insurance Journal https://ift.tt/2FKYa49

FCA reveals 138% increase in reported tech outages

Regulator highlights 18% are cyber-related. from Insurer - insuranceage.co.uk https://ift.tt/2ri3ceF

UK Economy Could Take 10.7% Economic Hit with No-Deal Brexit: Gov’t Report

The U.K. will suffer a major economic hit if Parliament rejects Theresa May’s Brexit deal and the country crashes out of the European Union with no new trade arrangements in place, according to official analysis. A government report on Wednesday … from News – Insurance Journal https://ift.tt/2E3vL7X

AXA Expects Profits to Be Boosted by Its $15 Billion XL Deal

AXA, Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia. The French insurer said profits … from News – Insurance Journal https://ift.tt/2P7y7nk

Chronically Ill, Traumatically Billed: The $123,000 Medicine For MS

Ironshore Environmental Enhances Contractors Ability Coverage for Pollution Incidents

Ironshore Environmental has enhanced its Contractors Environmental Legal Liability (CELL) program to include coverage for damages resulting from pollution incidents caused by the contractor’s work. CELL is offered on an occurrence basis and can be underwritten as a practice, project … from News – Insurance Journal https://ift.tt/2SilGam

Kentucky Woman Sues Texas Roadhouse Chain Over Being Told to Cover Up While Breastfeeding

A Kentucky woman who says a Texas Roadhouse employee told her to cover up while she was breastfeeding is suing the restaurant chain for emotional distress. Sadie Durbin is quoted by news outlets as saying the employee rushed over with … from News – Insurance Journal https://ift.tt/2Qncl3p

CEO of Liverpool FC Peter Moore on the role of technology in football

As the CEO of Liverpool FC, Peter Moore’s actions have an impact on an estimated 771 million global fans. The focus for anyone at the helm of a sports The post CEO of Liverpool FC Peter Moore on the role of technology in football appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2r4HWJ8

IBM Joins Critics Calling for Regulation of Tech Firms’ Personal Data Use

International Business Machines Corp. Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc., over their collection of user data and urged governments to target regulation at those companies. Without … from News – Insurance Journal https://ift.tt/2DP5nha

How Taxpayers Subsidize Rebuilding Homes After Flooding… Repeatedly

Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, … from News – Insurance Journal https://ift.tt/2Qo9k2W

Concerned Bankers, Investors Warn Federal Reserve About Leveraged Credit Market

Bankers, executives and investors are warning Federal Reserve officials behind closed doors that record leveraged lending to companies from lightly-regulated corners of Wall Street could make any economic downturn harder to manage. With the second-longest U.S. expansion in its advanced … from News – Insurance Journal https://ift.tt/2DM0xRM

Managing Natural Disasters Becomes Priority for Nation’s Governors

Governors have a wide range of priorities they want to tackle in the coming year, from tax reform to education. Yet it’s a topic that receives less attention on the campaign trail and in their speeches that could determine their … from News – Insurance Journal https://ift.tt/2E1qzBl

Analysts Weigh Chances Next Congress Will Actually Reform Flood Insurance

With the clock ticking on the National Flood Insurance Program’s authorization that is set to run out this Friday, Nov. 30, Congress is expected to renew the program short-term by taking one of two routes, either passing a bill to … from News – Insurance Journal https://ift.tt/2SmOE95

Florida CFO: Insurers Must Step Up Response to Hurricane Michael Claims

Citing a “troubling” number of Hurricane Michael-related consumer complaints and claims denials, Florida’s top financial regulator is urging insurers to respond more quickly and adequately to consumers recovering from the major storm that devastated the Florida Panhandle in October. Florida … from News – Insurance Journal https://ift.tt/2Qq75Mx

Fire Damages Macy’s Distribution Center in West Virginia

A fire official says operations have been suspended at a Macy’s distribution center in West Virginia after a fire broke out. No one was hurt. Hedgesville Volunteer Fire Capt. Brian Mulligan tells The Herald-Mail of Hagerstown, Maryland, that the state … from News – Insurance Journal https://ift.tt/2Qi7AZd

Valley Insurance Agency in Washington Joins Leavitt Group

Leavitt Group has made Valley Insurance Agency part of Leavitt Group Northwest. Terms of the deal were not disclosed. Valley Insurance Agency’s Robert Bush, Sheila Siggins and Ginger Patton will remain with the merged agency. Bush and Siggins will work … from News – Insurance Journal https://ift.tt/2BBb4xN

China: AXA to be the 1st foreign insurer to own 100% of a top 20 P&C insurer

French global insurance company AXA has announced that it had entered into an agreement with the current domestic shareholders of AXA Tianping Property & Casualty Insurance to acquire the remaining 50% stake of the company that it does not already own. from Recent Posts on (eDaily) https://ift.tt/2zwLEzL

India: SBI General Insurance targets public listing in 2020

SBI General Insurance plans to launch an initial public offer (IPO) in 2020, the company's deputy CEO has said. from Recent Posts on (eDaily) https://ift.tt/2P5NjRY

Australia: Aussies exit private health insurance as price hikes bite

Many people are either abandoning their private health insurance policies or downgrading to lower cost, lower benefit products as premium increases continue to outpace inflation and wage growth. from Recent Posts on (eDaily) https://ift.tt/2zstIX6

Vietnam: Korean insurer agrees to buy stake in VietinBank Insurance

South Korea's Hyundai Marine & Fire Insurance has announced it will acquire a 25% stake of VietinBank Insurance (VBI). from Recent Posts on (eDaily) https://ift.tt/2P5Nhtk

Indonesia: Non-life sector sees 8% premium growth in first 9 months

The general insurance industry in Indonesia has posted an increase of 8.3% in premium income to IDR47.9trn ($3.3bn) for the first three quarters of this year, according to the Indonesian General Insurance Association (AAUI). from Recent Posts on (eDaily) https://ift.tt/2znHpGL

Storm System Cancels Flights, Creates Treacherous Driving Conditions in Midwest

A wintry storm brought blizzard-like conditions to parts of the Midwest early Monday, grounding hundreds of flights and causing slick roads for commuters as they returned to work after the Thanksgiving weekend. The Chicago area was slammed with up to … from News – Insurance Journal https://ift.tt/2BD0HcN

2 Tornadoes Cause Damage in North Carolina

Two tornadoes have caused damage in coastal North Carolina. The National Weather Service said two tornadoes touched down Saturday afternoon. One tornado hit Emerald Isle and the other hit near Cape Carteret. There were no reported injuries or deaths. The … from News – Insurance Journal https://ift.tt/2KGiByc

J.M. Wilson Announces Promotions, New Hires in Transportation Unit

Managing general agency and surplus lines broker, J.M. Wilson, has made a number of personnel changes in its transportation department with promotions and new hires in the Midwest. Josh Mauk was promoted to senior transportation underwriter in J.M. Wilson’s Carmel, … from News – Insurance Journal https://ift.tt/2BzXef0

Alliant Insurance Services Adds Langley in Houston

Alliant Insurance Services has hired Jeff Langley as a vice president in its Houston office. Langley will provide a full range of risk management and insurance solutions to a diverse client base, further expanding Alliant’s reach and capabilities both in … from News – Insurance Journal https://ift.tt/2BAyYth

Report: Hurricane Harvey Was a Sign of Things to Come, Climate-Wise

Texas should brace for more — and worse — Hurricane Harveys, according to a major scientific report made public on Nov. 23 by the Trump administration. Based on the research of hundreds of government and academic scientists, including several in … from News – Insurance Journal https://ift.tt/2TO30Ay

Unrated Danish insurer goes into liquidation

Portfolios put into run-off with Darag. from Insurer - insuranceage.co.uk https://ift.tt/2KE8XvI

UK Regulator to Punish Financial Services Firms for Failures with Cyber Defenses

Britain’s Financial Conduct Authority will punish firms that are failing to get the basics right on cyber defenses, or whose botched IT projects harm consumers, a senior official at the markets watchdog said on Tuesday. Outages at banks such as … from News – Insurance Journal https://ift.tt/2Sh8LVN

How the UK is tackling energy transformation: What we learned at ERA Vision 2018

When a United Nations body released a report showing much more needs to be done to keep global temperatures at a maximum of 1.5C above pre-industrial levels, it The post How the UK is tackling energy transformation: What we learned at ERA Vision 2018 appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2DMmEra

Hawaii’s Big Island Gets $10M For Lava Recovery

Hawaii is giving a $10 million grant to the Big Island to help jump-start recovery efforts following the Kilauea volcano eruption. The Hawaii County Council adopted a resolution last week to accept the funding, the Hawaii Tribune-Herald reported. The funds … from News – Insurance Journal https://ift.tt/2P5Jfkm

Report Puts Losses from California Wildfires at $15B to $19B

Total losses from the wildfires in Northern and Southern California could reach from $15 billion to $19 billion, a report out on Tuesday shows. The report from industry data provider CoreLogic shows total losses from the Camp Fire, the most … from News – Insurance Journal https://ift.tt/2AtnHZW

Bill to Give PG&E Relief from California Wildfire Burden Bill Nears, But Long-Term Fix Is Elusive

PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. An assemblyman plans to introduce a bill in January that would give the state’s largest utility owner … from News – Insurance Journal https://ift.tt/2Auy2oa

Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business

Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance. Two firms led the startup’s Series A financing: .406 Ventures and Hudson … from News – Insurance Journal https://ift.tt/2AouBQ2

Vermont Seeking Public Input on Regulating Contractors

Vermont officials are seeking a second round of feedback from the public on a proposal to regulate home improvement and construction contractors. Lauren Hibbert, of the Office of Professional Regulation with the Secretary of State, says the initiative began after … from News – Insurance Journal https://ift.tt/2r4YUHe

Ex-Bookkeeper to be Sentenced for Stealing Over $326K from Connecticut Business

A Virginia woman who embezzled more than $326,000 from a small family business in Connecticut is seeking home confinement instead of a prison sentence. Miriam Dubay, of Purcellville, Va., was scheduled to be sentenced in federal court in Bridgeport. She … from News – Insurance Journal https://ift.tt/2FEMlMS

Alera Group Acquires New Jersey’s CRISP Insurance Advisors, Two Additional Firms

Alera Group, a Deerfield, Ill.-based, national employee benefits, property and casualty, risk management and wealth management firm, has acquired three new firms: CRISP Insurance Advisors, Lively Insurance and Loretz Insurance LLC. Terms of the transactions were not disclosed. CRISP Insurance … from News – Insurance Journal https://ift.tt/2RoIAwk

Big I New York Appoints Hobson as Director of Government Relations

Big I New York, the state’s oldest insurance producer trade organization, has appointed Scott W. Hobson as its director of government relations. In this role, Hobson is responsible for developing and advancing Big I New York’s government relations strategy and … from News – Insurance Journal https://ift.tt/2PZNL9C

Brewery Defeats Trademark Complaint by Conservative Icon Schlafly’s Heirs

Relatives of the late conservative activist Phyllis Schlafly on Monday lost their appeal to block a St. Louis, Missouri, craft brewery from trademarking the Schlafly name. In a 3-0 decision, the U.S. Federal Circuit Court of Appeals ruled in favor … from News – Insurance Journal https://ift.tt/2Q0PgV5

Zurich takes David Martin from Allianz

Martin set to join the provider as retail MD in 2019. from Insurer - insuranceage.co.uk https://ift.tt/2Ri0AJ5

New communications tech partnership connects Liverpool FC fans and the club

Liverpool FC fans will get a more personal and speedy service when contacting the club for anything from buying tickets to finding out directions to the stadium after it The post New communications tech partnership connects Liverpool FC fans and the club appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2FGOKXq

Marsh Awarded Abu Dhabi’s First Captive Insurance Management Licence

Insurance broker Marsh has been awarded the first licence to provide captive insurance management services in Abu Dhabi. Operating as Marsh Management Services (MENA) Limited, the firm has been authorised to provide captive insurance management services by Abu Dhabi Global … from News – Insurance Journal https://ift.tt/2PXava5

Research Finds Fire-Resistant Building Codes Do Not Raise Home Prices

Homes in wildfire-prone areas around the U.S. could be built to better withstand blazes without increasing the cost of construction, according to a new report. The research released Tuesday was sponsored in part by the insurance industry and marks the … from News – Insurance Journal https://ift.tt/2P56POu

RSA appoints leader for troubled specialty and wholesale business

Geoff Jones, who helped turnaround RSA’s Ireland business, will lead the division which recently pulled out of a number of business lines. from Insurer - insuranceage.co.uk https://ift.tt/2zsjWEu

Axa PPP healthcare recruits Tracy Garrad as new CEO

Keith Gibbs to retire from the business. from Insurer - insuranceage.co.uk https://ift.tt/2P36BHt

#Insagepeople: 26 - 30 November 2018

Stay up to date with the latest people moves. from Insurer - insuranceage.co.uk https://ift.tt/2RiiXNR

Greenhouse Gases Reach Level Last Seen 3-5 Million Years Ago: WMO Report

Greenhouse gas levels in the atmosphere reached a record not seen since sea levels were 10 meters to 20 meters (33 feet to 66 feet) higher than they are now, the World Meteorological Organization said in a report. Concentrations of … from News – Insurance Journal https://ift.tt/2PUE7F8

Brexit Deal Could Reduce UK Economy by 4% by 2030: Think Tank

The British government’s Brexit deal with Brussels is likely to mean Britain’s economy will be 3.9 percent smaller by 2030 than if it were to stay in the European Union, a leading think tank said on Monday. The hit would … from News – Insurance Journal https://ift.tt/2RdQubW

Exclusive: Insiders Symington, Lehmann Analyze Mid-Term Elections for P/C Insurance

The voters have spoken. Republicans have increased their slight advantage in the Senate, while Democrats have flipped the House and will now be in control there. Of course, President Trump, a Republican, still occupies the White House. Now what? What … from News – Insurance Journal https://ift.tt/2Sew6aN

Burns & Wilcox to Offer Cybersecurity Services Through BreachAware

Burns & Wilcox has formed an exclusive partnership with London-based BreachAware, a cybersecurity company specializing in data breach research and analysis. This risk management program will serve as an extension of the cyber products and services offered by Burns & … from News – Insurance Journal https://ift.tt/2DOtYTo

Florida Mall Faces 10 Lawsuits Over Video Game Tournament Shooting

Ten lawsuits have been filed against the owners of a Florida outdoor mall where authorities say a gunman opened fire at an online video game tournament, killing two people, wounding several others and then fatally shooting himself. The Florida Times-Union … from News – Insurance Journal https://ift.tt/2P3L41u

CLO Fever: Small Insurer Bets Big on Booming Leveraged Loan Market

Advantage Insurance of San Juan, Puerto Rico, is no one’s idea of a financial colossus. But this little insurance company is making a giant bet on some of the hottest investments around: collateralized loan obligations. That a company with about … from News – Insurance Journal https://ift.tt/2KzyFl6

OSHA Fines Alabama Steel Firm $320K Over Safety Hazards

An Alabama steel company is being fined more than $320,000 by the Occupational Safety and Health Administration over hazardous working conditions. Al.com reports OSHA announced the fine Nov. 13 for Montgomery-based Sabel Steel Service Inc. An agency news release says … from News – Insurance Journal https://ift.tt/2Qo5hUh

North Carolina to Order Chemours to Reduce GenX Emissions, Pay $12M Fine

State environmental officials have proposed a consent order calling on a North Carolina chemical plant to reduce emissions of a compound and pay a $12 million civil penalty. The N.C. Department of Environmental Quality said in a news release Nov. … from News – Insurance Journal https://ift.tt/2r72PDB

Texas’ Murex Petroleum to Pay $50K to Settle Race Harassment Suit

A Texas-based oil and gas company will pay $50,000 to settle a racial harassment lawsuit involving a black employee in North Dakota. The U.S. Equal Employment Opportunity Commission announced the settlement Wednesday with Houston-based Murex Petroleum Corp. According to the … from News – Insurance Journal https://ift.tt/2FIcESi

Duck Boat Owner, Missouri Family Settle Suit Over Fatal Sinking

The company that owns a duck boat that sank on a Missouri lake in the summer, killing 17 people, has settled the first of several lawsuits filed in the accident. William Bright, 65, and his 63-year-old wife, Janice, of Higginsville, … from News – Insurance Journal https://ift.tt/2r5xxNn

Red Dwarf star Robert Llewellyn on the green transport revolution

He’s best known for playing the mechanoid Kryten in sci-fi comedy show Red Dwarf­ – but Robert Llewellyn is now one of the most active voices on what The post Red Dwarf star Robert Llewellyn on the green transport revolution appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2r4JHWC

South Asia: Political and economic concerns predominate among businesses in the region

Failure of national governance is ranked as the biggest risk to doing business in South Asia, according to the Regional Risks for Doing Business 2018 published by the World Economic Forum (WEF). from Recent Posts on (eDaily) https://ift.tt/2r7HSrO

Singapore: Almost 50% of drivers feel less safe on the road

While 81% of drivers surveyed think that Singapore's roads are "quite safe" or " very safe", almost half (48%) feel less safe driving in Singapore today compared to three years ago, according to the AXA Mobility Survey 2018 report released yesterday. This is despite the decline in the number of fatal road accidents (-20%) and accidents resulting in injuries (-4%) from 2015 to 2017, as reported by the Singapore Police Force. from Recent Posts on (eDaily) https://ift.tt/2FH9cHD

Taiwan: Limit re-imposed on insurers' Formosa bond investments

Revised regulations that re-impose limits on Formosa bond investments of insurance companies have come into effect since 23 November. from Recent Posts on (eDaily) https://ift.tt/2r4Hzy6

New Zealand: Insurers to stop overseas junkets for advisers

New Zealand's life insurers will stop sending high-selling financial advisers on overseas trips by 2020. from Recent Posts on (eDaily) https://ift.tt/2FJp9x4

Indonesia: New board of mutual life insurer says claim payments are top priority

The new management of life insurance mutual AJB Bumiputera 1912, the oldest insurance company in Indonesia, has stated that claim payments are its top priority. from Recent Posts on (eDaily) https://ift.tt/2r6MtKX

Arthur J. Gallagher Acquires Buckman-Mitchell in California

Arthur J. Gallagher & Co. has acquired Buckman-Mitchell Inc., with offices in Visalia and Fresno, Calif. Terms of the deal were not disclosed. Clifford Dunbar, Judy Fussel, Brent Swanson, Todd Williams, Stephan Chrisman, Linda Loflin and their associates will continue … from News – Insurance Journal https://ift.tt/2r5vp88

XL Insurance to Cut Coal Industry Business Under Parent AXA’s Climate Order

AXA, France’s biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action to help to tackle global warming. AXA, Europe’s second largest insurer after Allianz, … from News – Insurance Journal https://ift.tt/2Bzko52

Texas Food Manufacturer Recalls Pork Rolls in Listeria Outbreak

Authorities have traced a multi-state listeria outbreak which has hospitalized four people to a Houston-based Vietnamese food manufacturer. The U.S. Department of Agriculture said Long Phung Food Products issued a recall for seven types of pork rolls that have been … from News – Insurance Journal https://ift.tt/2FIxHo1

Worker in Arkansas Electrocuted at Pine Bluff Plant

Authorities say a worker in Pine Bluff, Ark. has died after he was electrocuted at a cottonseed oil plant. Pine Bluff police say the employee was changing switches in an electrical cage at Planters Cotton Oil Mill on Monday when … from News – Insurance Journal https://ift.tt/2DL3Ng4

Study Looks at Multiple Landslides in Minnesota

A study has determined that nearly 500 landslides have happened in the Mankato area in recent years. Minnesota State University Earth Science Programs Director Phillip Larson with the help of students mapped out the area’s ravines, bluffs, nooks and crannies … from News – Insurance Journal https://ift.tt/2AnLQ48

Records Show Woman Admitted Setting Iowa Fires for Insurance Money

A woman has been accused of setting two fires in Cedar Rapids, Iowa. Linn County court records say 48-year-old Carolyn Mittman is charged with two counts of arson. Her attorney didn’t immediately return a call from The Associated Press. Mittman’s … from News – Insurance Journal https://ift.tt/2RgT5Sn

Indiana Man Suffers Brain Injuries, Seeks Damages

A northwestern Indiana man alleges in a federal lawsuit that he suffered a traumatic brain injury when a police officer ran a red light and struck his vehicle in 2016. Carlos Gallegos-Esqueda of Hammond is suing the Lake County Sheriff’s … from News – Insurance Journal https://ift.tt/2AsWCpQ

AI Enhances Highway Safety in Las Vegas

Artificial intelligence is helping improve safety along a stretch of Las Vegas’ busiest highway. The Nevada Highway Patrol says a yearlong partnership between public safety agencies and a startup technology firm resulted in a 17 percent reduction in crashes along … from News – Insurance Journal https://ift.tt/2P4Yf1V

Utah Lawmakers Draft Bill on Marijuana, Set for Consideration

Utah lawmakers and others involved in forging legislation to revise a voter-approved medical marijuana law say they’ve settled on a new version for consideration during an anticipated December special session. The Utah Medical Cannabis Act set to be discussed during … from News – Insurance Journal https://ift.tt/2r41MUC

Wildfire Relief for PG&E in California May Not Include Fix Utility Wants

PG&E Corp., suspected of starting California’s deadliest wildfire, may soon get help from state lawmakers – just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a bill that would give the state’s … from News – Insurance Journal https://ift.tt/2DN3MbM

Insurance Cares: Guide sets out how insurance can help dementia patients

The Alzheimer’s Society has published a document for dementia-friendly insurance to help businesses support staff and customers with the condition. from Insurer - insuranceage.co.uk https://ift.tt/2r6qSCl

Lawsuit Filed Against Operators of Limo in Fatal New York Crash

The operators of a limousine that crashed and killed 20 people in upstate New York were grossly negligent in putting the “dangerous and defective” vehicle on the road, according to a lawsuit filed by one of the victim’s parents. Amanda … from News – Insurance Journal https://ift.tt/2DK8may

Camberford Law rebrands

The GRP-owned business becomes Camberford Underwriting and has designed its refreshed website to ensure simplicity and efficiency for broker partners. from Insurer - insuranceage.co.uk https://ift.tt/2DKIrQ7

Mass. Pot Shops May Be Open, but Workers Can Still Be Fired Over Weed

The long-awaited opening of the first recreational marijuana stores in Massachusetts was cheered by cannabis enthusiasts and entrepreneurs, but it doesn’t change the reality that workers can be fired or face disciplinary action from employers for marijuana, even when they … from News – Insurance Journal https://ift.tt/2TKTmPj

Frenkel & Company Hires Power as a Principal in New York

Frenkel & Company – an EPIC Company has hired risk management and insurance professional Michael Power as a principal. Power will be based in Frenkel’s New York, N.Y., office and report to Phil Remig, the firm’s Northeast region senior vice … from News – Insurance Journal https://ift.tt/2r8dJZr

How to grow a start-up: Flexible working, investing in staff and team bonding are crucial, say these entrepreneurs

Getting up and running is the easy bit for a budding entrepreneur – but finding the right strategy on how to grow a start-up is a step too The post How to grow a start-up: Flexible working, investing in staff and team bonding are crucial, say these entrepreneurs appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2Sg3Cxx

Wells Fargo Seeks to Limit Payout for Faulty Auto Insurance Plan

Wells Fargo & Co. is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers it pushed into car insurance they did not need, according to court documents and a source familiar with the effort. … from News – Insurance Journal https://ift.tt/2r4r1q9

Open GI adds QBE Office to Powerplace

The cover includes contents, business interruption, employers’ liability, public liability and legal expenses as standard. from Insurer - insuranceage.co.uk https://ift.tt/2Byi1Q4

Majority of brokers suffer from work-related stress

Research by Ecclesiastical shows younger brokers and those working at larger national firms are most likely to be affected. from Insurer - insuranceage.co.uk https://ift.tt/2P0UOtb

Employers Mutual Looks to Acquire Outstanding Stock of EMC Group

Employers Mutual Casualty Co. has proposed to purchase all the outstanding common stock of its affiliate EMC Insurance Group Inc. As the parent company, Employers Mutual Casualty currently owns approximately 55 percent of the outstanding shares of EMC Insurance Group’s … from News – Insurance Journal https://ift.tt/2DYQcCW

BHP Readies for Largest English Group Lawsuit over 2015 Brazil Mine Disaster

Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil’s worst environmental disaster. SPG Law, a British offshoot of a U.S. litigator, represents 240,000 individuals in … from News – Insurance Journal https://ift.tt/2Sj1x3Z

QBE launches SME cyber cover

The product is available on Acturis and QBE’s FastFlow extranet. from Insurer - insuranceage.co.uk https://ift.tt/2ScS65T

Aon Launches Intangible Asset Cover for Gig Economy Companies

Aon plc announced the launch of a new non-damage business interruption (NDBI) cover which is designed to protect the income streams of the growing number of companies with high levels of intangible assets, such as those operating in the gig … from News – Insurance Journal https://ift.tt/2r45dLj

Global Property, Mortality Protection Gap Hits $500B: Swiss Re

Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study. Swiss Re’s report said that the figure illustrates increasing risk vulnerabilities emerging around the world but also presents an opportunity … from News – Insurance Journal https://ift.tt/2DMXloK

EU Leaders Approve Brexit Treaty, Which Faces Opposition in UK Parliament

European Union leaders finally sealed a Brexit deal on Sunday, saying the package agreed with Prime Minister Theresa May was the best Britain will get in a warning to the British parliament not to reject it. “Those who think that, … from News – Insurance Journal https://ift.tt/2DHjR2x

Allianz Extends Contract of CEO Oliver Baete

The supervisory board of Allianz SE has decided to extend Oliver Baete’s contract as chairman of the board of management until September 2024. The original contract was to expire end of September 2019. “Under Mr. Baete’s leadership, Allianz has developed … from News – Insurance Journal https://ift.tt/2BwUm2h

A.M. Best: National Farmers Union Property and Casualty Ratings Under Review

A.M. Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of National Farmers Union Property and Casualty Co. (NFU P&C) in Sun Prairie, Wisconsin. These … from News – Insurance Journal https://ift.tt/2QeWKDd

North Carolina School System, Insurer Settle for $1.5M With Woman Who Lost Leg in Fall

A North Carolina school system and its insurance carrier have agreed to pay $1.5 million to a woman whose left leg was amputated after she fell at a school in 2015. The News & Observer of Raleigh reports Karen Clark … from News – Insurance Journal https://ift.tt/2Rffb7O

Meet the founder of RISE – who’s bringing AI stock trading to the every-man

RISE is a new AI stock trading platform that’s helping the public invest like the professionals. Formed in 2012, the company claims to be democratising stock trading by The post Meet the founder of RISE – who’s bringing AI stock trading to the every-man appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2DXsuqr

The growth of Huawei: How Chinese brand became world’s second largest smartphone manufacturer

The growth of Huawei appears to have come out of nowhere for Westerners – and while “overnight successes” are a myth, the Chinese electronics giant may be as The post The growth of Huawei: How Chinese brand became world’s second largest smartphone manufacturer appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2DJOaFI

Red Tide Found in Gulf Off Alabama Shore

The Alabama Department of Health says that red tide has been found in water samples taken near Orange Beach and Gulf Shores. WKRG-TV reports the department says water samples taken from Alabama Point to Little Lagoon Pass showed the presence … from News – Insurance Journal https://ift.tt/2KwV4zr

Sears Investors Allege Improper Moves by Credit Insurance Seller Cyrus

Investors who bought insurance meant to mitigate losses from Sears Holdings Corp.’s bankruptcy proceedings are claiming that a hedge fund that sold the insurance is improperly influencing market proceedings, according to a letter seen by Reuters. According to the letter, … from News – Insurance Journal https://ift.tt/2Byj4j7

Florida County Hit Hard by Michael Takes Out $50M Bond for Recovery

A county on Florida’s Panhandle has voted to take out a $50 million bond to help recover from Hurricane Michael. The News-Herald reports that Bay County Commission voted Nov. 20 to use the money to cover debris removal, stormwater system … from News – Insurance Journal https://ift.tt/2Alk5ZP

China: Allianz receives nod to prepare for 1st 100% foreign-owned insurance holding co

Allianz has received the approval from the China Banking and Insurance Regulatory Commission (CBIRC) for the preparatory establishment of a 100% owned insurance holding company in China, the global insurer announced in a statement yesterday. from Recent Posts on (eDaily) https://ift.tt/2RbJc8I

Malaysia: Social health insurance scheme expanded to cover 36 critical illnesses

The government will expand healthcare coverage under the national health protection fund for the B40 group to cover 36 major critical illnesses, Finance Minister Lim Guan Eng said over the weekend. from Recent Posts on (eDaily) https://ift.tt/2PTBMdL

India: Employers look at employees' emotional & financial well-being

Employers in India are beginning to take a more holistic view of employee health and wellness, going beyond physical wellbeing to include emotional and financial, according to the India Health and Wellbeing Study 2018 conducted by Willis Towers Watson, a global advisory, broking and solutions company. from Recent Posts on (eDaily) https://ift.tt/2R7zwfk

Japan: Major insurer to use satellite images for flood loss assessment

Japanese insurance giant Tokio Marine & Nichido says it will start using satellite images for its flood damage assessments. The aim is to speed up compensation payouts. from Recent Posts on (eDaily) https://ift.tt/2PV58bE

Australia: Insurers pay out millions on projects of collapsed engineering group

Solar farm developers that hired Sydney-headquartered engineering group RCR Tomlinson are calling on the company's bank guarantees and insurance bonds, potentially forcing banks and insurers to pay out tens of millions of dollars, after the engineering group went into administration last week, reports The Australian Financial Review. from Recent Posts on (eDaily) https://ift.tt/2RcUoC1

Report by 13 U.S. Agencies Warns of Dire Economic Effects from Climate Change

Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate. The congressionally … from News – Insurance Journal https://ift.tt/2DVaKfv

Judge Nixes U.S. Suit Against Malaysia Airlines, Insure Allianz Over Plane Disappearance

A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims’ families sought to hold the carrier, its insurer Allianz SE and Boeing Co. liable for the still-unexplained disaster. U.S. District Judge Ketanji … from News – Insurance Journal https://ift.tt/2ShiRq3

A bad year for retailers: High street shop closures in 2018

As customers demand an increasingly online experience, physical retail outlets have suffered – with an ever-growing number of high street shop closures in 2018. Investigating the downward spiral, The post A bad year for retailers: High street shop closures in 2018 appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2RdILed

Digital transformation examples: Five companies making the most of technology

Embracing the latest technology will be the New Year’s resolution for many businesses in 2019 – and finding digital transformation examples can provide the inspiration they need. As customers The post Digital transformation examples: Five companies making the most of technology appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2R7rgfq

Biba repeats call that brokers should prepare for no deal Brexit

Steve White warns that passporting will end. from Insurer - insuranceage.co.uk https://ift.tt/2R3vfJH

Podcast: The top five stories of the week

Ida Axling and Emmanuel Kenning chat through brokers' most popular stories. from Insurer - insuranceage.co.uk https://ift.tt/2KuAkZg

GripAble: The mobile video game for stroke rehabilitation

Physical therapy equipment has remained unchanged for decades – but now a tech start-up has created a mobile video game for stroke rehabilitation. GripAble hopes to “gamify” treatment The post GripAble: The mobile video game for stroke rehabilitation appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2OTB1fj

FCA prepares for no deal Brexit

The watchdog has published a set of proposals to prepare for the possibility of leaving the EU without an implementation period. from Insurer - insuranceage.co.uk https://ift.tt/2BrLqLI

In Health Insurance Wastelands, Rosier Options Crop Up For 2019

Self-driving buses and taxis to be in London and Edinburgh by 2021

Autonomous travel remains a pipe dream for most but the UK is aiming to change that with self-driving buses and taxis set to arrive in London and Edinburgh The post Self-driving buses and taxis to be in London and Edinburgh by 2021 appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2Kry30U

Quizzical questions: 23 November 2018

Test your knowledge of the week's news with our topical quiz. from Insurer - insuranceage.co.uk https://ift.tt/2r0j3xZ

Allianz extends contract of global boss Oliver Bäte

Bäte signs up until 2024. from Insurer - insuranceage.co.uk https://ift.tt/2FzTj5F

If UK Lawmakers Don’t Approve Draft Brexit Deal, What Comes Next?

Theresa May has now presented the results of her two-year Brexit negotiation to Parliament. Next month she’s set to ask lawmakers to approve the deal. And everyone — except perhaps the prime minister — agrees that she’ll probably lose the … from News – Insurance Journal https://ift.tt/2DC9wF3

India: Cyber insurers stymied by lack of actuarial data

Cyber insurance business has run into roadblocks that impedes its growth. These hurdles include lack of actuarial data on cyber attacks, murky disclosures by victim companies and the incredible speed at which a breach can spread globally. from Recent Posts on (eDaily) https://ift.tt/2R6wqs9

China: Hundreds of medical centres caught for insurance fraud

China has ordered a review of hospitals and pharmacies nationwide to ferret out health insurance scams, a week after the national broadcaster China Central Television exposed two suspicious cases in northeast China. from Recent Posts on (eDaily) https://ift.tt/2PSBdAY

Australia: Population projected to grow by 5m to reach 30m in 11 to 15 years

Based on current trends, Australia's population is projected to reach 30m people between 2029 and 2033, according to the latest figures released yesterday by the Australian Bureau of Statistics (ABS). from Recent Posts on (eDaily) https://ift.tt/2R1ObIN

South Korea: Life planners' jobs in the balance with mandatory employment insurance

Four out of 10 life planners in South Korea may lose their jobs once employment insurance becomes mandatory for employees with jobs categorised as "special labour" in South Korea. from Recent Posts on (eDaily) https://ift.tt/2PKYm8h

Philippines: Govt eyes national risk evaluation & management system

The Philippine government wants to create a national system where various state entities, down to local government units (LGUs), can rely on a rational structure to evaluate risks and access resources for risk protection and management through a public asset insurance programme, Finance Secretary Carlos Dominguez III has said. from Recent Posts on (eDaily) https://ift.tt/2R7b2TF

‘We need to make technology in the NHS work more like the web’, says chief tech advisor for health

The UK Health Secretary’s chief tech advisor has called for an update to technology in the NHS. Hadley Beeman, who works under MP Matt Hancock, believes public healthcare The post ‘We need to make technology in the NHS work more like the web’, says chief tech advisor for health appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2qZ0xWS

Sacha Romanovitch on how to make a fairer and more effective type of capitalism

Sacha Romanovitch is the first woman to run a big City accountancy firm – and now she’s shared her insight on how to create a better operating system The post Sacha Romanovitch on how to make a fairer and more effective type of capitalism appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2DAUQ90

ECIC partners with Cobra Network

Markel-owned business targeting regional brokers. from Insurer - insuranceage.co.uk https://ift.tt/2PORCpG

AR and VR in healthcare: Five ways immersive tech is saving and transforming lives

From training surgeons to helping patients nearing the end of their lives tick off items on their bucket list, the use of AR and VR in healthcare could The post AR and VR in healthcare: Five ways immersive tech is saving and transforming lives appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2FyUgLx

Factbox: Key Elements of EU-UK Draft Deal Encompassing Post-Brexit Ties

Britain and the European Union have agreed in principle on a text setting out their future relationship. The deal is pending endorsement by the bloc’s leaders at a summit on Sunday. Here are some key elements of the 26-page draft … from News – Insurance Journal https://ift.tt/2AnfHtx

EU, UK Agree Draft Text for Post-Brexit Ties in Time for Upcoming Summit

Britain and the European Union have agreed a draft text setting out a close post-Brexit economic relationship, paving the way for a summit of EU leaders to endorse the deal, European Council President Donald Tusk said on Thursday. Britain is … from News – Insurance Journal https://ift.tt/2zljaJ0

SCOR Launches Paris-Based P/C Specialty Insurer to Ensure Post-Brexit Continuity

SCOR announced the formation of SCOR Europe SE, a Paris-based P/C specialty insurance company, to ensure the continuity of services after Brexit. With effect from Jan. 1, 2019, SCOR Europe SE, a fully owned subsidiary of SE, will underwrite all … from News – Insurance Journal https://ift.tt/2DDjS7B

How Dell and McLaren are using digital transformation to beat the challenge from digital disruptors

The fastest-growing businesses in the UK all have one thing in common – they have digital strategies ingrained in their DNA. But how can established companies beat the The post How Dell and McLaren are using digital transformation to beat the challenge from digital disruptors appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2zlNkfx

NIG stakes claim for market first with new broker apprenticeship scheme

Provider states it is first to launch since government policy changed in August. from Insurer - insuranceage.co.uk https://ift.tt/2BqG1nW

Folgate assigned BB+ rating by A.M. Best

Decision comes as the insurer gears up for UK market return in December. from Insurer - insuranceage.co.uk https://ift.tt/2FA8bB3

China: 5 govt agencies urge insurers and other finanical firms to invest in debt-to-equity plans

Five government agencies are urging insurers, private equity investment funds, foreign-funded institutions and other financial institutions to invest in debt-to-equity plans, as the authorities renew their efforts to ease pressure on companies struggling with debt. from Recent Posts on (eDaily) https://ift.tt/2PMZHLX

India: Data is "the new oil" for insurers

Prevention-led insurance products will be the future market driver in India, instead of protection-led policies, according to .Mr Peter Manchester, EMEIA Financial Services Office Insurance Leader at the international professional services firm, EY. from Recent Posts on (eDaily) https://ift.tt/2R3P8k0

South Korea: Investment reclassification interferes with capital metrics

Reclassifications by several Korean life and non-life insurers of the accounting designations for a significant part of their bond holdings are interfering with capital metrics and duration management, says Moody's Investors Service. from Recent Posts on (eDaily) https://ift.tt/2PJ5lyh

Japan: Govt mulls health insurance criteria for overseas dependents of expats

The government is considering requiring dependent families of foreign residents in Japan to live in the country as a condition for giving these families access to public health insurance coverage, those familiar with the matter have disclosed. from Recent Posts on (eDaily) https://ift.tt/2R3OXoQ

Australia: 1 in 3 Aussies worry about ability to retire

One in three Australians fear they won't be able to retire by the time they hit the age of 65, a study has found. from Recent Posts on (eDaily) https://ift.tt/2PHwgdX

How Babylon is creating the future of primary healthcare with an AI virtual doctor

Digital healthcare company Babylon has created a virtual doctor app that means initial health consultations can be held by speaking to a smartphone or voice assistant bot It The post How Babylon is creating the future of primary healthcare with an AI virtual doctor appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2QjrRxz

Researchers: Houston Skyscrapers Slowed Hurricane Harvey, Causing More Rain

Humans helped make recent devastating U.S. hurricanes wetter but in different ways, two new studies find. Hurricane Harvey snagged on the skyscrapers of Houston, causing it to slow and dump more rain than it normally would, one study found. The … from News – Insurance Journal https://ift.tt/2qYM25B

Louisiana to Get Another $164 Million in BP Oil Spill Restoration Grants

Louisiana is getting $161.4 million in restoration grants from the 2010 BP Gulf of Mexico oil spill to restore two barrier islands and a headland in the Terrebonne Basin. The work will restore Timbalier and Trinity islands, which “are currently … from News – Insurance Journal https://ift.tt/2DUd46u

Louisiana Posts 13 Straight Months of Job Gains

Seasonally adjusted data released by the Bureau of Labor and Statistics shows that seasonally adjusted nonfarm employment in Louisiana increased by 19,400 jobs to 1,989,700 since October 2017. According to the Louisiana Workforce Commission (LWC), seasonally adjusted nonfarm jobs have … from News – Insurance Journal https://ift.tt/2A9KYQl

Ohio State Researchers: Road Design Impacts Frequency of Distracted Driving Crashes

A new study from The Ohio State University’s Risk Institute reveals road design modifications can reduce the frequency and severity of distracted driving crashes. According to the Property Casualty Insurers Association of America (PCI), which funded The Risk Institute’s study, … from News – Insurance Journal https://ift.tt/2qX0B9D

Pilot, Paramedic, Nurse Killed in North Dakota Air Ambulance Crash

An air ambulance on its way to pick up a patient crashed shortly after taking off in North Dakota, killing all three people on board, and military officials involved in the response said the plane may have broken up in … from News – Insurance Journal https://ift.tt/2QZy9iH

InsurTech Futures: Aviva takes majority stake in Neos

Deal follows on from the insurer's previous strategic investment in the start-up MGA. from Insurer - insuranceage.co.uk https://ift.tt/2r148nb

Chief operating officer Shirine Khoury-Haq to leave Lloyd's

She will stay on until the first half of 2019. from Insurer - insuranceage.co.uk https://ift.tt/2Qbyemp

Navajo Nation President Extends Crop Insurance Amid New Mexico Drought

Outgoing Navajo Nation President Russell Begaye has extended the tribe’s crop insurance amid ongoing extreme drought conditions. The Gallup Independent reports Begaye signed the insurance contract earlier this month. He says it will protect the tribe’s pastures, rangelands and forage … from News – Insurance Journal https://ift.tt/2PKnpIm

Earthquake Confirmed in Washington’s Olympic Peninsula

A magnitude 4.1 earthquake has shaken an area beneath Olympic National Park south of Port Angeles, the U.S. Geological Survey has confirmed. The USGS reported the earthquake hit just after 3 a.m. Monday. There were no immediate reports of damage. … from News – Insurance Journal https://ift.tt/2R0tCfX

First ever drone standards to create lucrative market and solve economic challenges, says regulator

The world’s first drone standards are being introduced today in a bid to provide assurance on the safety, security and “etiquette” of their use. International Standards Organisation (ISO) The post First ever drone standards to create lucrative market and solve economic challenges, says regulator appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2FALjS8

Chubb Partners with Conservation Group on Flood Protection in Miami

Chubb announced that it is partnering with The Nature Conservancy, the world’s largest conservation organization, to work together in Miami to reduce the risk from storm impacts and rising sea levels on the vulnerable coastline. The collaboration, funded by a … from News – Insurance Journal https://ift.tt/2DARnav

EPA Warns on Chemical Found in Nonstick Coatings

Long-term exposure to a chemical compound currently used for making nonstick coatings appears to be dangerous, even in minute amounts, according to draft findings released by the Environmental Protection Agency. It was the first time EPA weighed in on newer, … from News – Insurance Journal https://ift.tt/2KmdToZ

Generali Earmarks €4 Billion ($4.6 Billion) for Acquisitions, Growth

Generali has earmarked up to four billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia to fuel earnings. Italy’s top insurer — which generates most of its revenues in … from News – Insurance Journal https://ift.tt/2Q9WBRh

NFL Hands Off $35 Million to Concussion Researchers

The National Football League is awarding more than $35 million in funding to five organizations conducting research into diagnosis and treatment of brain injuries. Through its Scientific Advisory Board established as part of its “Play Smart. Play Safe” initiative, the … from News – Insurance Journal https://ift.tt/2ziqfKn

How to enter new markets: Experts share insight on international expansion

Entering new markets is an inevitable process for any business looking to go global, and now five experts have offered their insight on international expansion. Speaking at the The post How to enter new markets: Experts share insight on international expansion appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2AaLfm1

Lloyd’s Chief Operating Officer Khoury-Haq to Leave the Corporation

Lloyd’s of London announced that its chief operating officer, Shirine Khoury-Haq, has decided to leave the corporation, after nearly five years. Khoury-Haq joined Lloyd’s in 2014 and is a member of Lloyd’s executive committee. Her responsibilities include global operations, information … from News – Insurance Journal https://ift.tt/2A8W7kt

First wireless charging system for trains to launch on South Western Rail

The first wireless charging system for trains is set to launch in the UK on the South Western Railway Routes from London Waterloo, Bournemouth and Weymouth this month. The post First wireless charging system for trains to launch on South Western Rail appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2KrnZoQ

Ecclesiastical refreshes property investors product

New offering available from 1 January 2019. from Insurer - insuranceage.co.uk https://ift.tt/2Bnpt08

Mass. Appeals Court Rules Medical Device Manufacturer Illegally Fired Employee

A Massachusetts Appeals Court has ruled that Dielectrics, a Massachusetts-based medical device manufacturer, illegally fired Ileana Bermudez after she collected workers’ compensation benefits and filed a lawsuit against the company. The case, Ileana Bermudez vs. Dielectrics, Inc., came about after … from News – Insurance Journal https://ift.tt/2Ttqqvb

Attention, Marketplace Shoppers: Don’t Delay On 2019 Enrollment

S.C. Department of Insurance Director Farmer Named President-Elect at NAIC

South Carolina Department of Insurance Director Ray Farmer was elected to the position of president-elect at the NAIC (National Association of Insurance Commissioners) Fall National Meeting on November 18. Previously, Farmer served as secretary-treasurer and vice president at the NAIC. … from News – Insurance Journal https://ift.tt/2DOefnT

UK Companies’ Role in Danske Money Laundering a ‘Disgrace,’ Says Whistleblower

British company structures which hide the identity of their beneficiaries are a “disgrace,” the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske Bank said. Howard Wilkinson, who headed Danske Bank’s Baltics … from News – Insurance Journal https://ift.tt/2r6efHL

Family of Girl Electrocuted at MGM Resort in Maryland Plans to Sue

The family of a then-6-year-old girl who was electrocuted at the MGM National Harbor resort just outside Washington plans to sue. News outlets obtained a copy of a forthcoming lawsuit from the family of Zynae Green, who turned 7 Sunday … from News – Insurance Journal https://ift.tt/2KrTA9S

U.S. Senate Committee Holding Hearing on Massachusetts Natural Gas Incident

U.S. senators are holding a hearing in Lawrence, Mass., to review the response to the September natural gas explosions that rocked Merrimack Valley communities. The Senate Committee on Commerce, Science, and Transportation will hold its oversight hearing at the South … from News – Insurance Journal https://ift.tt/2zkIE9v

One Man Killed, Another Injured in North Georgia Plane Crash

A plane crash in north Georgia left one man dead and another injured. Gainesville police say 68-year-old Robert Carlisle Alberhasky of Cumming, who was believed to have been the pilot of the small plane, was killed in the Saturday night … from News – Insurance Journal https://ift.tt/2S3sIzp

More UK companies should be worried about digital disruption according to Dell VP

Only 22% of companies in the UK are worried about the consequences of not keeping pace with digital developments in their industry, according to the latest Digital Transformation The post More UK companies should be worried about digital disruption according to Dell VP appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2FAKSHm

A.M. Best Discusses What’s Ahead for UK Insurers as Brexit Deadline Looms

When the UK withdraws from the EU, and at the end of any transition period, passporting rights that currently exist between the UK and countries in the European Economic Area (EEA) are expected to cease, said A.M. Best in a … from News – Insurance Journal https://ift.tt/2PIAvGl

Aon Taps Jones from Guy Carpenter as Exec. Chairman, Asia Reinsurance Solutions

Aon plc has appointed Richard Jones as executive chairman of its Reinsurance Solutions business in Asia. Jones will be responsible for business development and supporting clients across the Asia region. Based in Singapore, Jones will join Aon in May 2019 … from News – Insurance Journal https://ift.tt/2qWtfaT

UK Companies Prepare for Disorderly Brexit and Supply Chain Disruptions

British companies selling everything from washing machines to flights, food and mortgages plan to spend tens of millions of pounds in case the political brinkmanship gripping the country leads to a disorderly Brexit. With barely four months until the world’s … from News – Insurance Journal https://ift.tt/2qZnr0u

JLT Re’s Chairman Howard Named Vice Chairman of Guy Carpenter

Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos. (MMC), announced a new leadership appointment from Jardine Lloyd Thompson Group plc (JLT). Effective upon closing of the transaction between … from News – Insurance Journal https://ift.tt/2R1XBEk

Healthier Workplaces Help to Reduce Group Insurance Costs: Canada’s Manulife

When Canadians hit the gym, they’re not the only ones who benefit. Their insurers stand to gain as well. “If we can have a healthier workplace it is going to decrease disability costs, it’s going to decrease general health costs … from News – Insurance Journal https://ift.tt/2R1YnRB

A.M. Best Upgrades Credit Ratings of Kansas’ Upland Mutual Insurance

A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb-” of Upland Mutual Insurance Inc. in Junction City, Kansas. The outlooks of these … from News – Insurance Journal https://ift.tt/2qZdcJA

How to get more women in tech, by Tech Talent Charter CEO Debbie Forster MBE

“It allows women to be creative, innovative and at the heart of what’s coming into the world. “Rather than just being a passenger and consumer of what’s next The post How to get more women in tech, by Tech Talent Charter CEO Debbie Forster MBE appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2AbsPBw

Judge Picks First Case for Trial in Federal Monsanto Weedkiller Litigation

A U.S. judge overseeing the federal litigation against Bayer AG’s Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February 2019. U.S. District Judge Vince Chaabria in San … from News – Insurance Journal https://ift.tt/2FwdSjD

Beach Town Developers Now Believe in Stronger Building Codes, Construction

Developer Jeff Lamkin knew the risks when he paid $250 million for 63 acres of an island off the Texas coast. But he saw only upside in the quaint little beach town of Port Aransas. Over the next 10 years … from News – Insurance Journal https://ift.tt/2qWyDLj

Santander Bank to Pay $11.8 Million to Settle Auto Loan, Insurance Claims

Santander Consumer USA Holdings Inc., a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, … from News – Insurance Journal https://ift.tt/2FtXuA2

Court: Travelers Insurer Off the Hook in Florida Hotel Chain Data Breach Suit

A U.S District Court in Florida’s ruling could have wide-reaching effects with respect to an insurer’s duty to defend commercial general liability policyholders in data breach cases resulting from the acts of third parties. The Sept. 28 decision came in … from News – Insurance Journal https://ift.tt/2OVXdp9

Gallagher Affinity Launches Online Cyber Suite for Small, Midsize Federal Contractors

Gallagher Affinity and Secure CyberID, a provider of cybersecurity services, have launched an online, discounted suite of cybersecurity products for small to mid-sized companies under contract with the federal government. The 360 Coverage Pros portal is designed to meet the … from News – Insurance Journal https://ift.tt/2Qc4BkT

A.M. Best: Insurers Have Limited Exposure to PG&E Volatility from California Wildfires

Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to a daily briefing from A.M. Best. It was recently determined that a second power line of PG&E Corp. … from News – Insurance Journal https://ift.tt/2Fy7fNA

Global: Modest real growth of 3% p.a. expected in global insurance premium in 2019-20

Positive but slowing economic momentum will support modest global insurance premium growth of around 3% annually in real terms over the next two years, a 1 ppt improvement from 2018, according to the latest sigma report by Swiss Re Institute. from Recent Posts on (eDaily) https://ift.tt/2QYateB

China: Swiss Re sigma report sees significant decline in life premiums this year

Part-year data indicate that there will be a substantial contraction (-1.8%) in life premiums in China in 2018, due mostly to tighter regulation of wealth management product (WMP) types since the beginning of the year, says Swiss Re Institute in a new sigma report. from Recent Posts on (eDaily) https://ift.tt/2PKlqUv

Global: S&P urges IFRS17 deferral be used in preparation, not more talk

The proposed postponement of the implementation deadline for International Financial Reporting Standard 17 (IFRS17) to January 2022 from January 2021 will allow insurers more time to prepare, ensuring there is no impairment of information quality, says S&P Global Ratings. from Recent Posts on (eDaily) https://ift.tt/2QXdKef

India: Pension regulator eyes higher payouts in govt scheme

Pension fund regulator, Pension Fund Regulatory and Development Authority,, (PFRDA) is carrying out an actuarial valuation of its portfolio to gauge the feasibility of raising the pension limit to up to INR10,000 ($140) per month under the Atal Pension Yojana (APY), a top official has said. from Recent Posts on (eDaily) https://ift.tt/2PHQeFA

Australia: Most say insurers should stop asking about genetic tests

Life insurers should be banned from asking consumers whether they have taken a genetic test, according to the latest readership survey by the website Financial Standard. from Recent Posts on (eDaily) https://ift.tt/2QYU3CO

Alera Group Acquires Orion Risk Management Insurance Services in California

Alera Group has acquired Orion Risk Management Insurance Services. Terms of the deal were not disclosed. Orion is a commercial insurance broker and risk management firm with three locations throughout Southern California. Deerfield, Ill.-based Alera Group provides employee benefits, property/casualty, … from News – Insurance Journal https://ift.tt/2DMKbt1

USG Names Gray Producer in Southern California

USG Holdings Inc. has named Ali Gray a producer/broker in the Irvine, Calif. branch. Gray will continue to build his book of business and assist with the expansion of USG’s West Coast footprint. He has 9 years of experience in … from News – Insurance Journal https://ift.tt/2DPC1zZ

Minnesota Workplace Injury Rate Fell to an All-Time Low in 2017

Minnesota’s Department of Labor and Industry (DLI) in early November reported that the state’s estimated workplace injury and illness rate for 2017 is the lowest rate since the measurement started in 1973. According to the annual Survey of Occupational Injuries … from News – Insurance Journal https://ift.tt/2qXXJcu

Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System

The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit. “By early to mid-December, there would have to … from News – Insurance Journal https://ift.tt/2Q9PoAK

Willis Towers Watson Announces Ganzi Will Succeed McCann as Board Chairman

Willis Towers Watson announced that James McCann will be succeeded as chairman of the board by Victor Ganzi, effective Jan. 1, 2019. McCann will step down as chairman three years after the merger of Willis and Towers Watson. He will … from News – Insurance Journal https://ift.tt/2OTvIfW

George Osborne on UK fintech post-Brexit at LendIt Fintech Europe 2018

George Osborne might not be involved in frontline politics anymore – but he has delivered his verdict on UK fintech post-Brexit. Giving a talk at the Lendit Fintech The post George Osborne on UK fintech post-Brexit at LendIt Fintech Europe 2018 appeared first on Compelo - latest news, features and insight on influencers and innovators within business . from Compelo – latest news, features and insight on influencers and innovators within business https://ift.tt/2DycTwB