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According to TAL, which is a subsidiary of Japan’s Dai-ichi Life Group, the transaction combines two major life insurance businesses. Furthermore, the deal has also resulted in a The post TAL completes $514m acquisition of Suncorp’s Australian life insurance business appeared first on Compelo Insurance - Latest industry news and analysis . from Compelo Insurance – Latest industry news and analysis https://ift.tt/2SzG2eT

Florida officials are looking for assistance from residents of Lake County, Fla., in catching a suspected serial arsonist who is believed to be connected to multiple fires in the Umatilla area, according to a statement from Florida CFO and State … from News – Insurance Journal https://ift.tt/2EmauE4

Appleton, Wisconsin-based Integrity Insurance has added Matt Sharp to its Integrity Leadership Team (ILT) as AVP, senior finance officer. Sharp is responsible for the strategic financial oversight and reporting for Integrity. He is an insurance veteran with 15 years of … from News – Insurance Journal https://ift.tt/2SA2BQl

Berkshire Hathaway GUARD Insurance Companies is adding a commercial package product that will include coverages for property, general liability, umbrella, and employment-related practices liability insurance (EPLI). The company plans to launch the product in Pennsylvania in early April with other … from News – Insurance Journal https://ift.tt/2XEnKwO

Police say one employee was killed and another was injured at a suburban Detroit car wash when a pickup truck struck them. Troy Police Sgt. Meghan Lehman said the accident occurred Monday afternoon at a Jax Kar Wash as the … from News – Insurance Journal https://ift.tt/2NB3ZS6

A federal agency is proposing to fine a company more than $89,000 for safety violations connected to the death of a worker at a North Platte asphalt plant. The Occupational Safety and Health Administration cited Western Engineering Co. for seven … from News – Insurance Journal https://ift.tt/2NB3Yxw

Companies rebuilding storm-damaged homes in the U.S. Virgin Islands under a federally funded program say they haven’t been paid in months and are threatening to place liens on the houses. The dispute highlights what critics call the slow pace at … from News – Insurance Journal https://ift.tt/2NHGG9r

The White House is advancing plans to form a presidential panel that will question science used in U.S. military and intelligence reports showing that human-driven climate change poses national security risks, according to a source briefed by participants in the … from News – Insurance Journal https://ift.tt/2GSCD9B

When a reward is tempting enough, people will break their own moral codes to gain the desired prize. Afterward, they’ll tell you exactly how they were justified: “It wasn’t as if anyone was harmed,” “I was only borrowing …,” “My … from News – Insurance Journal https://ift.tt/2NAdC3v

Insurance Group of St. Charles County has purchased BLP Insurance Services dba Pelt Risk Advisors, an Atlanta-based insurance company founded in 2010 by Byron Pelt. Insurance Group of St. Charles County, headquartered in St. Louis, Mo., is a member of … from News – Insurance Journal https://ift.tt/2SwiNCd

Regulator clarifies rules around Gibraltar-based firms. from Insurer - insuranceage.co.uk https://ift.tt/2UcwnN1

Liberty Mutual Holding Co. and its subsidiaries reported net income of $249 million for the fourth quarter 2018 and $2.160 billion for the full year 2018, increases of $44 million and $2.143 billion over the same periods in 2017. Catastrophe … from News – Insurance Journal https://ift.tt/2IKJDXM

The mother of a 5-year-old girl mauled by a pit bull at Portland International Airport has filed a $1.1 million lawsuit against the Port of Portland for allegedly letting a dangerous “emotional support animal” into the airport without a carrier. … from News – Insurance Journal https://ift.tt/2Tsr3bf

The city of Simi Valley, Calif., has reached a $21 million settlement with a man wrongly imprisoned for nearly 40 years in the killing of his girlfriend and her 4-year-old son. Some of that settlement is being paid by insurance. … from News – Insurance Journal https://ift.tt/2NxtzHG

A California town north of San Francisco was accessible only by boat after a rain-swollen river overflowed its banks inundated it overnight, authorities said Wednesday. “Guerneville is officially an island,” the Sonoma Sheriff’s Office said in a statement, adding that … from News – Insurance Journal https://ift.tt/2H8eE5n

Shares of PG&E Corp fell about 3 percent after federal filings showed that the power utility had delayed a safety overhaul of a high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history. The company filed for … from News – Insurance Journal https://ift.tt/2ECmtPk

After an investigation by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA), the U.S. District Court for the Eastern District of Pennsylvania has entered a consent judgment ordering Blown Away Dry Bar and Salon, based in Kennett … from News – Insurance Journal https://ift.tt/2NA2svm

A Texas state representative has filed a bill that would require proof of citizenship in order to purchase personal auto insurance. Rep. Bill Zedler, a Republican from Arlington (District 96), has filed HB 2648, which would require an auto insurance … from News – Insurance Journal https://ift.tt/2BUtcSU

Two commuter trains traveling in opposite directions collided with a vehicle on the tracks in Westbury in Long Island, N.Y., killing all three occupants in the vehicle before one of the trains derailed and tore into a concrete platform Tuesday … from News – Insurance Journal https://ift.tt/2NxLhuA

A Baltimore, Md., jury has awarded around $2 million to a man who has permanent brain damage from being exposed to lead paint as a child. The Daily Record reports a jury on Friday awarded 24-year-old Savon Johnson $1.1 million … from News – Insurance Journal https://ift.tt/2ECoBX4

School officials say a subcontractor fell at a new school construction site in Louisiana and later died. News outlets report that the subcontractor fell around 14 feet while working at the Bullion Primary School construction site in Ascension Parish. He … from News – Insurance Journal https://ift.tt/2tF68Dd

American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December 2012 — Hong Kong’s benchmark Hang … from News – Insurance Journal https://ift.tt/2II67c0

BlackBerry Ltd. on Wednesday filed a patent infringement lawsuit accusing Twitter Inc. of illegally using technology in its mobile messaging applications that had been developed by the former smartphone maker. The lawsuit said Twitter wrongly sought to compensate for being … from News – Insurance Journal https://ift.tt/2StB6Ip

New CEO Scott Egan addresses criticism that RSA is tough to trade with and commits to making it easier for regional brokers to work with the insurer as the provider reports an underwriting loss of £106m in 2018. from Insurer - insuranceage.co.uk https://ift.tt/2IGaAM5

U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants. Shipments … from News – Insurance Journal https://ift.tt/2T51Xj5

HDI Global Specialty SE, the new specialty lines insurer, has acquired Neon Underwriting’s bloodstock team. The team is led by Mark Edwards, who has been Neon’s head of Specialty and class underwriter bloodstock/livestock since 2008. Edwards brings with him a … from News – Insurance Journal https://ift.tt/2Nw36Ko

Connecting SSP and honcho paves the way for over 700 of SSP’s partner insurers and customers to access honcho’s platform. Brokers and insurers will now have accessibility to The post SSP sign agreement to integrate aggregator platforms with honcho appeared first on Compelo Insurance - Latest industry news and analysis . from Compelo Insurance – Latest industry news and analysis https://ift.tt/2T20nym

The Irish office will be managed by the UK team and the move assists with potential issues arising from Brexit. from Insurer - insuranceage.co.uk https://ift.tt/2NvR6Zm

The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”. from Insurer - insuranceage.co.uk https://ift.tt/2Enh1yb

Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK managing general agent (MGA) that sells private motor insurance. Colin … from News – Insurance Journal https://ift.tt/2UdsI1s

The Group lamented "poor results" in its commercial lines division as the company reported further underwriting losses in its UK business. from Insurer - insuranceage.co.uk https://ift.tt/2Tk1WXJ

Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed to the wrong person. Tessian Ltd. has received $40 million to … from News – Insurance Journal https://ift.tt/2VpoSCh

Brazilian Senate committees on Wednesday passed a bill to tighten dam safety in the country, after a mining dam owned by Vale SA burst and killed an estimated 300 people in the town of Brumadinho. The legislation, which tightens safety … from News – Insurance Journal https://ift.tt/2IEJrJD

Financial markets are still at risk of disruption if there is a no-deal Brexit, Britain’s Financial Conduct Authority said on Wednesday. FCA Chief Executive Andrew Bailey told a House of Lords committee that despite a number of measures being taken, … from News – Insurance Journal https://ift.tt/2NxaZiM

European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The sale, led by Bank of America, kicked off towards … from News – Insurance Journal https://ift.tt/2H7wEgg

Authorities say an 82-year-old church bus driver is charged with driving while intoxicated after five people were injured when a bus returning from a Chicago Bulls game went off the road in northwestern Indiana. Indiana State Police say the bus … from News – Insurance Journal https://ift.tt/2H3V8qM

At least 28 priests are credibly accused of having sexually abused more than 100 boys and girls while working for a Roman Catholic diocese in Iowa, church officials announced. The Diocese of Sioux City identified those 28 priests as it … from News – Insurance Journal https://ift.tt/2XpwlDv

A mid-Michigan police officer has agreed to dismiss sexual harassment claims against her department in exchange for a settlement worth about $362,000. Eaton Rapids police Officer Lisa Kirby filed a 2017 federal lawsuit alleging that another officer sexually harassed her. … from News – Insurance Journal https://ift.tt/2NyiwOz

Established in 2015 within Symantec, the CyberCube platform provides cyber risk analytics for the (re)insurance industry. Currently, CyberCube is operating as an independent company, focused exclusively on the The post Munich Re selects CyberCube’s cyber insurance analytics platform appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2UcgDtg

The National Association of Professional Insurance Agents (PIA National) has given its members the ability to sell the PIA enhanced cyber insurance product to their small and mid-sized businesses clients. PIA and ABA Insurance Services (ABAIS) have worked together with … from News – Insurance Journal https://ift.tt/2Vrkpzg

The U.S. Supreme Court opened some American-based international organizations to lawsuits, ruling that a World Bank affiliate must defend against allegations it is responsible for environmental damage caused by a power plant in India. Voting 7-1 on Wednesday, the court … from News – Insurance Journal https://ift.tt/2H2AFml

The U.S. government said on Wednesday it is issuing new rules barring airlines from carrying potentially hazardous lithium-ion cells and batteries as cargo on passenger aircraft, and setting new requirements for transporting them on cargo planes. The U.S. Transportation Department’s … from News – Insurance Journal https://ift.tt/2tIhNBe

Veo Robotics Inc., a startup developing sensor technology that lets industrial robots work safely side-by-side with humans, closed a funding round as it prepares to roll out the product in May. The company raised $15 million late last month, bringing … from News – Insurance Journal https://ift.tt/2H7jOP2

The push for assignment of benefits (AOB) reform in the 2019 Florida legislative session is in full swing, and the insurance industry and consumer advocates have pulled out all the stops to emphasize their contention that abuse of a policyholder … from News – Insurance Journal https://ift.tt/2Ujnuks

A Florida company has issued a voluntary recall of Marketside brand green beans and butternut squash because of a possible Listeria contamination. Southern Specialties Inc. of Pompano Beach, Florida, announced the recall Monday, warning that the Listeria monocytogenes bacteria can … from News – Insurance Journal https://ift.tt/2Xraj2W

Heavy rainfall and extensive flooding have prompted Kentucky’s Republican governor to declare a state of emergency. Gov. Matt Bevin issued the executive order on Monday. The governor’s office says the order will enable state resources to help local governments as … from News – Insurance Journal https://ift.tt/2tFjE9N

Attorneys in the Mississippi House are sharply divided over a bill that could limit the liability of landowners or property managers who are sued by people harmed on their property. The House voted 74-39 Monday to pass Senate Bill 2901, … from News – Insurance Journal https://ift.tt/2tJNSby

The city of Sturgis, South Dakota, wants campgrounds outside city limits to pay as much as $5,100 to secure ambulance service during this year’s Sturgis Motorcycle Rally. City manager Daniel Ainslie said last week that ambulance calls to campgrounds during … from News – Insurance Journal https://ift.tt/2VjJPys

The policy is now accessible for brokers on the Powerplace and Mobius platforms. from Insurer - insuranceage.co.uk https://ift.tt/2TiAj1d

A Plano, Texas, woman pleaded guilty to insurance fraud for faking cancer claims to get more than $300,000 in insurance payments over two years, the Texas Department of Insurance announced. Karissa White Coleman, a former licensed insurance agent, purchased books … from News – Insurance Journal https://ift.tt/2T5SmbE

Authorities have been searching a bay off southeast Texas for clues about what caused a Boeing 767 cargo plane carrying Amazon packages to nose-dive into the shallow water, killing all three men on board. A north wind aided searchers by … from News – Insurance Journal https://ift.tt/2H6qhK5

A recently commissioned survey of 503 Minneapolis-area drivers by The Travelers Companies Inc. found that 71 percent of respondents use a mobile device while driving, with 84 percent of millennials, 72 percent of Gen Xers and 62 percent of baby … from News – Insurance Journal https://ift.tt/2Xt7PBl

In a rare move, Berkshire Hathaway is selling one of its companies, leading workers’ compensation specialist Applied Underwriters, in order to avoid conflict with its other workers’ compensation businesses. “Berkshire has a number of workers’ compensation companies, and there was … from News – Insurance Journal https://ift.tt/2Szr74s

The Tennessee River and other streams are lowering in hard-hit areas of north Alabama after days of flooding. The National Weather Service says the Tennessee has crested throughout the region, even though the water is still high in many areas. … from News – Insurance Journal https://ift.tt/2XsjSig

Pinnacle Actuarial Resources Inc. (Pinnacle), based in Bloomington, Illinois, has promoted Aaron N. Hillebrandt to director and consulting actuary and Christopher C. Cortner to consulting actuary. Hillebrandt is based in Bloomington office and has been with the firm since 2013. … from News – Insurance Journal https://ift.tt/2Nwcwpj

Missouri towns along the Mississippi River and its tributaries should brace for the prospect of potentially serious flooding this spring, in large part because of an unusually snowy winter to the north. The National Weather Service office in suburban St. … from News – Insurance Journal https://ift.tt/2GPZ0fD

A Houston-based seafood company is recalling more than 50 tons of wild-caught catfish because the products were produced, packed and distributed without federal inspection. The Food Safety and Inspection Service of the U.S. Department of Agriculture said the recall involves … from News – Insurance Journal https://ift.tt/2NuwBfR

An Argo Group shareholder is nominating four new directors to counter what it alleges are “shockingly high” corporate expenses including pricey real estate, an office art collection, and CEO Mark Watson III’s personal use of company-owned aircraft and housing. Argo, … from News – Insurance Journal https://ift.tt/2Efw9xB

A Colorado appeals court has ruled that victims of the 2015 shooting at a Planned Parenthood clinic in Colorado Springs can sue the nonprofit organization over what they argue was lax security. The Gazette reports that the ruling reverses a … from News – Insurance Journal https://ift.tt/2T2Vgya

The FBI is seeking to identify businesses that may be victims of an alleged nationwide workers’ compensation insurance, health care insurance, and pension plan fraud scheme. The FBI is urging businesses that purchased policies from Clovis, Calif.-based American Labor Alliance … from News – Insurance Journal https://ift.tt/2EfYWlV

InterWest Insurance Services has acquired Placer Insurance Agency in Roseville, Calif. Terms of the deal were not disclosed. Placer specializes in commercial, surety bonds, employee benefits and personal insurance programs. InterWest is a locally owned, regional insurance brokerage headquartered in … from News – Insurance Journal https://ift.tt/2NwQR0r

Analysts at Brazilian health agency Anvisa have determined that the weedkiller glyphosate does not cause cancer while recommending exposure limits as international pressure to reduce use of the chemical grows. Companies such as Bayer AG and its unit Monsanto, which … from News – Insurance Journal https://ift.tt/2GOSl5x

Pennsylvania Insurance Commissioner Jessica Altman said the number of private market flood insurance policies in Pennsylvania jumped 72 percent from February 2018, as she continued urging homeowners, business owners and renters to shop around in the increasingly competitive flood insurance … from News – Insurance Journal https://ift.tt/2HapsQq

Utility crews are working to restore power to thousands of Pennsylvania customers following high winds that roared through the commonwealth, knocking down trees and power lines. PPL Electric reported more than 20,000 customers without power and said crews were responding … from News – Insurance Journal https://ift.tt/2EA8Xvk

The backlash against shale drilling in earthquake-prone regions — a thorn in the side of U.S. energy companies for the past decade — reached China this week after a series of temblors killed two people and reduced homes to rubble. … from News – Insurance Journal https://ift.tt/2IFfbOM

Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and better technology in … from News – Insurance Journal https://ift.tt/2BTXmFW

New York Governor Andrew Cuomo is dropping a proposal to ban all modified stretch limousines, an idea prompted by last fall’s crash that killed 20 people. The Times Union of Albany reports that the provision was stricken from Cuomo’s state … from News – Insurance Journal https://ift.tt/2ICOQRr

Allegations of money laundering against Sweden’s oldest bank grew this week to draw in some of the former Soviet Union’s most notorious individuals. Viktor Yanukovych, the president of Ukraine until 2014, used an account at the Baltic unit of Swedbank … from News – Insurance Journal https://ift.tt/2Vnt9WR

After last month’s deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams … from News – Insurance Journal https://ift.tt/2Ef2TXN

Insurers are increasingly worried that rising temperatures will lead to a slump in property values that could spark broader financial turmoil. Those were the conclusions a group run out of the University of Cambridge including some of the world’s biggest … from News – Insurance Journal https://ift.tt/2GPBuzn

CFC, the London-based managing general agent that specializes in emerging risks, announced the appointment of Jonathan Fletcher as chief technology officer. Fletcher, formerly group CTO at Hiscox, will oversee CFC’s technology and infrastructure strategy and lead the company’s fast-growing development … from News – Insurance Journal https://ift.tt/2T1PlJG

The U.S. property/casualty industry is expected to report that 2018 was its third consecutive year with an underwriting loss. A new A.M. Best analysis projects an estimated net underwriting loss of $12.1 billion in 2018, which follows a $25.3 billion … from News – Insurance Journal https://ift.tt/2VnYwAU

The U.S. Supreme Court said judges “are appointed for life, not for eternity,” in setting aside a pay-discrimination ruling written by a jurist who died a week and a half before the decision was issued. The unsigned opinion said a … from News – Insurance Journal https://ift.tt/2T3bTJP

The cloud-based software will serve as a core system in Amica Life’s ongoing digital transformation. “In selecting a core life system, we were keenly focused on the openness The post Amica Life licenses FAST Insurance Components appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2H7Jmf1

The Hanover Insurance Group has expanded its specialty leadership team to enhance as part of a series of personnel changes the company has made to its specialty business over the last year. The Hanover announced it has appointed Steven M. … from News – Insurance Journal https://ift.tt/2BPlcmb

A federal judge in Manhattan on Tuesday dismissed a wrongful death lawsuit against JPMorgan Chase & Co. by the estate of a former top broker, who it said committed suicide after being forced into retirement. U.S. District Judge John Keenan … from News – Insurance Journal https://ift.tt/2TphTME

The nation’s major credit reporting agencies faced renewed scrutiny from Congress on Tuesday, as lawmakers consider legislation overhauling the industry. Top executives from the three major credit reporting agencies – Equifax Inc, Experian Plc and TransUnion – had to defend … from News – Insurance Journal https://ift.tt/2HaaIRA

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

QBE Insurance Group took another step in its quest to achieve strong results, consistently, by reporting a cash profit after tax of US$715 million during 2018, a significant improvement on the cash loss of US$262 million reported in 2017. Group … from News – Insurance Journal https://ift.tt/2SZx938

Product is backed by Munich Re and designed for businesses of all sizes. from Insurer - insuranceage.co.uk https://ift.tt/2GNGEMm

Software house's customers will have access to platform aiming to disrupt price comparison websites. from Insurer - insuranceage.co.uk https://ift.tt/2IEOyti

Penny James, CFO at the insurer is set to take the helm from 9 May this year. from Insurer - insuranceage.co.uk https://ift.tt/2tH4lNL

Founded in 2005, Utilant has become a leading provider of technology to the insurance industry through its LossControl360 SaaS solution. Utilant’s mission is to create technology solutions that The post Aquiline Technology Growth makes Series A investment in Utilant appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2XsACpt

The company will use the funding to expand its existing platform nationwide and to launch its new product for the commercial real estate market. The new offering, called The post TheGuarantors completes $15M series B funding appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2SviiIG

State Farm Mutual Automobile Insurance Companies, the largest auto insurer in South Carolina, will cut its auto rates in the state for the second time in two years, according to a statement from the insurer. Overall personal auto rates will … from News – Insurance Journal https://ift.tt/2BXr3WG

The company said that the solution combines the Accenture Life Insurance & Annuity Platform (ALIP) on Microsoft Azure cloud with RGA AURA underwriting rules engine, and the company’s The post Accenture integrates life insurance and annuity platform into cloud appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2NxvRGH

North Carolina’s environmental agency says a finalized settlement agreement allows it to make sure a Fortune 500 chemical company follows through on promises to clean up industrial chemicals in the water or face legal penalties. A state judge on Monday … from News – Insurance Journal https://ift.tt/2GO7ML4

A federal utility says the Tennessee River Valley on average has endured a record amount of rain for February. Tennessee Valley Authority River Forecast Center manager James Everett told reporters Monday that, on average, 11 inches (28 centimeters) of rain … from News – Insurance Journal https://ift.tt/2U5oh8J

Pie Insurance has begun selling workers’ compensation insurance to small businesses in Iowa, Kansas, Kentucky, and New Mexico. This expansion follows Pie’s launch in five states earlier this year and nine states in 2018, as the company continues its plans … from News – Insurance Journal https://ift.tt/2tE2XeK

The fine details on a receipt for a mountain bike tripped up a would-be fraudster. Kristin Wright, of Everett, Wash., pleaded guilty in Snohomish County Superior Court to a gross misdemeanor count of filing a false insurance claim on her … from News – Insurance Journal https://ift.tt/2BVMJSQ

Beazley and Marsh have partnered to provide tailored cyber insurance cover and breach response for U.S. manufacturers. The new Manufacturer’s First Response, a Marsh and Beazley Breach Response (BBR) initiative, offers coverages tailored specifically to address cyber and operational risks … from News – Insurance Journal https://ift.tt/2C4hIMT

Authorities have rescued dozens of people stranded by a blizzard that howled across southern Minnesota and dumped about a foot of snow in some places. In east-central Wisconsin, one person was killed and several others injured Sunday in an interstate … from News – Insurance Journal https://ift.tt/2NyIAsU

Ohio’s Department of Transportation is seeking permission to apply changes in speed limits anytime statewide. The department currently is allowed to impose variable speed limits based on road conditions on only a few interstate stretches such as when a snow … from News – Insurance Journal https://ift.tt/2NuO3kr

Wisconsin farmers are facing a buildup of snow that’s causing damage to some structures as the state continues to get hit by unrelenting winter weather. Some farmers are watching their buildings buckle under the weight of snow because the strength … from News – Insurance Journal https://ift.tt/2IFzGe4

Steve Collier has been named chief operating officer at Austin, Texas-based Service American Indemnity Co. (SAIC), which will be officially launched on March 1, 2019. SAIC was founded on March 1, 2018, following Service Insurance Holdings Inc.’s acquisition of American … from News – Insurance Journal https://ift.tt/2GRv8zR

Property/casualty insurance trade group, the Insurance Council of Texas, is seeing candidate nominations for its annual industry leadership award. Since 1998, has awarded its Raymond Mauk Leadership Award to an individual who has made a notable contribution to the Texas … from News – Insurance Journal https://ift.tt/2tFGdLD

Sixty-three insurtech deals with a total value of $1.59 billion were announced worldwide in the fourth quarter of 2018. The number of deals was up 24 percent while the value jumped 155 percent over Q4 2017. The total, including all-stage … from News – Insurance Journal https://ift.tt/2U9CPnQ

A stink is being raised over a $120 million court settlement from the nation’s largest-known natural gas leak and it’s not about money, but cow manure. Environmental groups have criticized a plan to put more than a fifth of the … from News – Insurance Journal https://ift.tt/2ExsI6W

California Attorney General Xavier Becerra has endorsed a state bill that would expand the state’s new privacy act to allow consumers to sue companies over their handling of personal data, despite months of tech lobbying against such a move. California’s … from News – Insurance Journal https://ift.tt/2Vlzh1P

The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp. to merge with insurer Aetna. Judge Richard Leon of the U.S. District Court for the District of Columbia scolded the government … from News – Insurance Journal https://ift.tt/2SsZx8T

More than 65,000 power outages have been reported in upstate New York after high winds rattled the region. Syracuse.com says 5,000 utility workers have been mobilized upstate. WGRZ in Buffalo said lake-effect snow combined with wind gusting to 60 mph … from News – Insurance Journal https://ift.tt/2BQWMbW

Massachusetts State Police say two people have died after a small plane crashed and caught fire at Mansfield Municipal Airport. Saturday’s crash occurred at about 12:36 p.m., according to the state police department’s Twitter feed. State troopers assigned to the … from News – Insurance Journal https://ift.tt/2UahUAT

A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year bond will pay 5.9 percent interest, state-backed Pool … from News – Insurance Journal https://ift.tt/2IMyBl0

High winds have been bringing down trees and power lines in western Pennsylvania, leaving tens of thousands of utility customers without power. The National Weather Service issued a high wind warning covering many areas of the commonwealth into Monday with … from News – Insurance Journal https://ift.tt/2Tf5OJL

Passenger airlines in the U.S. have recorded a remarkable period of safety over the past 10 years. Not so the nation’s cargo planes. Five domestically registered aircraft have crashed since 2009 — killing 16 people — including Saturday’s violent plunge … from News – Insurance Journal https://ift.tt/2NwgePY

The goal for Insys Therapeutics Inc.’s call center in Phoenix was simple: persuade insurers to authorize at least 70 prescriptions a week of its expensive opioid spray. Workers would get bonuses for surpassing the goals, a former call center manager … from News – Insurance Journal https://ift.tt/2EwMIq5

India outlined a new draft policy for its burgeoning e-commerce sector on Saturday, focusing on data localisation, improved privacy safeguards and measures to combat the sale of counterfeit products. The proposed overhaul, which would likely increase operating costs for the … from News – Insurance Journal https://ift.tt/2tEpfxh

FedNat will acquire all of 1347 PIH’s homeowners insurance operations including Maison Insurance Company, Maison Managers and ClaimCor (collectively known as Maison). In addition, $18m of outstanding surplus note The post FedNat to buy 1347 PIH’s homeowners insurance operations for $51m appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2T1SatZ

Brazil’s health agency has concluded a re-evaluation of the safety of the weedkiller glyphosate, the most widely-used agriculture chemical in the country, and will present the findings and recommended guidelines for its future use on Tuesday, an official said. The … from News – Insurance Journal https://ift.tt/2U9UXxR

In 2017, Legal & General provided a £600m pension buy-in with the Pearson Pension Plan, covering around 2,400 members. The new £500m transaction, alongside the 2017 buy-in, increases The post Legal & General completes £500m buy-in transaction with Pearson Pension Plan appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2EfJPbT

Britain’s financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving the EU without a withdrawal deal. … from News – Insurance Journal https://ift.tt/2VgZPBi

Through the HO-6 expansion, AUI aims to continue developing programs that meet the needs of agents and insureds throughout the East Coast and Southeastern states. William Hobbs, President The post Allstar Underwriters expands East Coast HO-6 Program appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2Eg7DMK

From Thursday 21 February, a level four (driverless on specific routes) fully-automated EasyMile EZ10 shuttle will be welcoming its first passengers onboard as it weaves its way through The post QBE provides CTP to Australia’s first open traffic automated vehicle trial appeared first on Compelo Insurance . from Compelo Insurance https://ift.tt/2T3ma94

FedNat Holding Co. has agreed to purchase substantially all of 1347 Property Insurance Holdings homeowners’ insurance operations, consisting of Maison Insurance Co., Maison Managers and ClaimCor in a 50/50 cash and stock transaction valued at approximately $51 million. In addition … from News – Insurance Journal https://ift.tt/2IDMAJL

Average commercial insurance prices increased by two percent in the fourth quarter of 2018, the fifth consecutive quarter of average increases. Also, according to broker Marsh’s Global Insurance Market Index, composite pricing in Q4 increased in all global regions, the … from News – Insurance Journal https://ift.tt/2VoXKnd