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Showing posts from August, 2019

Update Aug. 31: Hurricane Dorian May Veer Away From Direct Hit on Florida

Hurricane Dorian strengthened as it churned toward Florida, where forecasters are trying to determine if it will stall near the coast or even fail to make landfall in the state at all. The hurricane’s center was about 445 miles (716 … from News – Insurance Journal https://ift.tt/2Um3SwU

Texas Hospital Settles Pregnancy Discrimination Suit for $40K

San Antonio, Texas-based Nix Hospitals System LLC, doing business as Nix Healthcare System, has agreed to pay $40,000 to settle a federal pregnancy discrimination lawsuit. The lawsuit filed by the U.S. Equal Employment Opportunity Commission alleged that Nix Hospital violated … from News – Insurance Journal https://ift.tt/2LaLch1

Texas’ $77B 10-Year Transportation Plan Targets Roadway Safety, Traffic Congestion

The Texas Department of Transportation’s (TxDOT’s) 10-year transportation plan that includes more than $77 billion dedicated to improving safety, addressing congestion and connectivity, and preserving roadways for Texas drivers, has been approved by the Texas Transportation Commission, the agency said. … from News – Insurance Journal https://ift.tt/2ZFY2I2

Canada Insurer The Co-operators Acquires Quebec Broker, Cadieux Beausejour Dupras

Canadian insurer The Co-operators has purchased the Saint Jérôme, Quebec-headquartered broker, Cadieux Beausejour Dupras Inc. Financial details of the deal were not disclosed. The brokerage’s portfolio includes personal and commercial insurance policies. Any existing insurance coverage will remain in effect … from News – Insurance Journal https://ift.tt/2LiBZ52

Sirius Appoints Business Leaders, Forms Global Management Committee, to Unify Structure

Sirius Group announced enhancements to unify its global operating structure, which includes the promotions of key leaders to head its business segments. These leaders are responsible for supporting long-term business objectives, coordinating global client relationships and exposures and driving key … from News – Insurance Journal https://ift.tt/2PsEoPK

Delaware Judge Says Jury Should Decide Fatal Fire Case

A federal lawsuit over an arson fire that killed three firefighters can proceed against the city of Wilmington and its former mayor and fire chief. The Delaware News Journal reports Judge Mary Pat Thynge dismissed some claims, but recommended that … from News – Insurance Journal https://ift.tt/2ZyHPUU

H.W. Kaufman Group Partners with RB Jones Marine, ProSight Specialty Insurance

H.W. Kaufman Group, a global network of companies dedicated to shaping the future of insurance, has expanded its subsidiary RB Jones as it partners with ProSight Specialty Insurance to become the exclusive administrator for its Marine Solutions and Excess Energy … from News – Insurance Journal https://ift.tt/2MNzCdK

SAN Group Hires Lynch as Agency Development Field Specialist

Satellite Agency Network Group Inc. (SAN), an alliance of independent insurance agencies in the Northeastern U.S., has hired Stephanie Lynch as agency development field specialist. In this role, Lynch will be directly responsible for agency development and consulting services of … from News – Insurance Journal https://ift.tt/30MRPv7

Saxe Doernberger & Vita P.C. Hires Eddy to Northeast Office

Saxe Doernberger & Vita, P.C. (SDV) has hired Associate Janie Reilly Eddy to its SDV Northeast office. Eddy has a background in litigation, handling matters from inception through resolution and advising and guiding clients through viable litigation options. Her experience … from News – Insurance Journal https://ift.tt/2ZEZpqq

GE Investors Handed Setback in Investor Lawsuit Over Insurance Liabilities

A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric Co. that accused the company of concealing $24 billion in insurance liabilities and using fraudulent accounting to prop up its power business. Judge Jesse … from News – Insurance Journal https://ift.tt/2Uh3pMF

How Insurers Help Design High-End Homes That Mitigate Disaster Risk

Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage, tapped into a program that … from News – Insurance Journal https://ift.tt/32jwHgf

Japan Quakes to Cost Insurance Industry $2B-$3B Annually: Karen Clark & Co.

For insurers and reinsurers, the 1995 Kobe earthquake produced $3 billion in insured property losses, but a repeat of a more devastating quake that happened 72 years earlier could bring $225 billion in industry losses. And a more typical level … from News – Insurance Journal https://ift.tt/2ZuG1QX

World’s Safest Cities: Washington Rises, Hong Kong Falls

There’s a new surprise member of the world’s safest cities club. Washington, D.C. has entered the top 10 in the Safe Cities index for the first time, while Hong Kong is a noticeable no-show after plummeting down the rankings. Tokyo … from News – Insurance Journal https://ift.tt/2ZthvQf

People Moves Round-up: 19 – 30 August 2019

Keep track of the past fortnight’s market moves. from Insurer - insuranceage.co.uk https://ift.tt/2UewNmO

Quizzical questions: 30 August 2019

Test your knowledge of the week's news with our topical quiz. from Insurer - insuranceage.co.uk https://ift.tt/32en42p

They Got Estimates Before Surgery — And A Bill After That Was 50% More

‘Locally Grown’ Insurance Companies Help Fortify Washington State Market

Former Allianz Scotland-head joins HDI Global SE

Stephanie Ogden will move from Lloyd’s after just over a year and has ten years’ experience of working at Allianz. from Insurer - insuranceage.co.uk https://ift.tt/2zt9sEm

With New, Legal Cannabis Industries, Illinois and Missouri Can Learn from Pioneer States

As Illinois and Missouri undertake the process of licensing businesses in their newly legalized cannabis industries — recreational in Illinois and medical in Missouri — they have the advantage of taking what has worked and shedding what hasn’t in the … from News – Insurance Journal https://ift.tt/2zxVjWk

Automakers Call for Urgency in Advancing U.S. Rules for Self-Driving Vehicles

Waymo, the self-driving car unit of Google parent Alphabet Inc, on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to “promptly” remove regulatory barriers for cars without steering wheels and brake pedals. Automakers must currently meet nearly 75 auto … from News – Insurance Journal https://ift.tt/2MJDNqI

New Empire Underwriters Standalone Workers Comp Offering Targets Staffing Firms

Empire Underwriters, a national insurance wholesaler, excess and surplus lines facility and program manager has released a standalone workers comp program for staffing companies available nationwide and backed by several “A” rated carriers. With the launch of the new Standalone … from News – Insurance Journal https://ift.tt/2NDYXX2

J.M. Wilson Hires Allison as Sales, Agency Relations Specialist in Florida

J.M. Wilson has hired Chad Allison as sales and agency relations specialist in its Hollywood, Fla., office. Allison will be the primary resource and liaison for independent insurance agents in Florida, by offering product knowledge and assistance, as well as … from News – Insurance Journal https://ift.tt/2LfawRC

The Liberty Company Insurance Brokers Partners with Moody Insurance Group of Florida

The Liberty Company Insurance Brokers, a privately held agency on the West Coast, has partnered with Moody Insurance Group of Ft. Lauderdale, Fla. This marks Liberty’s first venture outside of California, laying the groundwork for more national growth in the … from News – Insurance Journal https://ift.tt/2ZCZZES

Update: Hurricane Dorian Expected to Be Category 4 Storm When It Hits Florida

Hurricane Dorian is now expected to become a Category 4 storm with winds reaching 130 miles per hour before it makes landfall on Florida’s east coast, in what would be the first major hurricane to hit the area in 15 … from News – Insurance Journal https://ift.tt/2ZvBXjj

Washington Considers Overhaul of Cannabis Regulation 5 Years in

Five years after Washington launched its pioneering legal marijuana market, officials are proposing an overhaul of the state’s industry rules, with plans for boosting minority ownership of pot businesses, paving the way for home deliveries of medical cannabis and letting … from News – Insurance Journal https://ift.tt/2NJXui5

Former Google Engineer Charged in Uber Autonomous Theft Case

A former Google engineer was charged Tuesday with stealing self-driving car technology from the company shortly before he joined Uber’s efforts to catch up in the high-stakes race to build robotic vehicles. The indictment filed by the U.S. attorney’s office … from News – Insurance Journal https://ift.tt/2UdYsnP

European Insurers Are Having a Rough Time – Here’s Why…

European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies’ exposure to Asia are making things even worse. The Stoxx Insurance 600 index is down … from News – Insurance Journal https://ift.tt/34aiDaQ

Millennials Think They’re So Much Better at Multitasking Than Everyone Else. They Are.

Emails, instant messaging, app notifications, RSS feeds, and a plethora of social networks inundate almost every aspect of daily life from work to home or just keeping in touch socially. Some people average more than four information technology (IT) switches … from News – Insurance Journal https://ift.tt/2NDVibJ

Vertafore Taps Antanaitis as Chief Marketing Officer

Insurance technology firm Vertafore has hired marketing executive John Antanaitis as its new chief marketing officer. Antanaitis is a board advisor at EquityDoor, a real estate investing portal, and was previously CMO at ZiipRoom (acquired by Bose Corp.) for a … from News – Insurance Journal https://ift.tt/2Ugd4mG

Study of European Flood Trends Finds North-South Climate Variances

European river flooding has grown more intense in northwestern Europe and decreased in the south over the last half century, according to a study by nearly four dozen researchers. The work, which is the first documentation of long-term flood trends … from News – Insurance Journal https://ift.tt/32cMjCg

New Hampshire Workers’ Comp Rates Decrease for Eighth Year in a Row

New Hampshire employers will pay less for their workers’ compensation insurance next year because of an approved filing that lowers the loss costs insurers use to develop prices. The New Hampshire Insurance Department has approved a rate proposal filed by … from News – Insurance Journal https://ift.tt/2NHDQmD

Frederick Mutual Hires Stenbjorn as Vice President of Information Technology

Frederick Mutual, a Frederick, Md.-based insurance company, has hired Paul Stenbjorn as vice president of Information Technology. Stenbjorn has been a technology management professional for more than 20 years. He has held an array of senior positions including the chief … from News – Insurance Journal https://ift.tt/2L4iUET

Lawsuit in Vermont PFOA Contamination Case Now Class Action

A lawsuit filed by Vermont residents seeking damages for chemical contamination in groundwater in their Bennington neighborhood can proceed as a class action, a federal judge has ruled. The ruling by U.S. District Judge Geoffrey Crawford means qualified property owners … from News – Insurance Journal https://ift.tt/2Le42Ct

Collapse at Bronx Construction Site Kills One, Injures Five

A construction worker has died and five others were injured in a partial collapse of a building under construction in the Bronx. It happened shortly before noon Tuesday at the four-story construction site at 92 East 208th Street, near Steuben … from News – Insurance Journal https://ift.tt/2ZAMZQa

Top 10 Commercial Auto Insurers: Winners and Losers in Fast-Growing Market

The commercial automobile insurance segment is headed for its ninth straight year of underwriting losses when the books close at year-end 2019, analysts at Fitch Ratings predict in a new report. In fact, a decade of underwriting losses may be … from News – Insurance Journal https://ift.tt/2L5yEax

Waste from Chinese-Owned Nickel Plant Spills into Papua New Guinea Bay

Waste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation of China spilled into the adjacent Basamuk Bay over the weekend, three sources told Reuters on Wednesday. Locals noticed red discharge clouding parts of the bay that … from News – Insurance Journal https://ift.tt/2ZAq63A

More Tesla Solar Panel Claims Emerge; 2 Home Insurers Allege Negligence

One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof of … from News – Insurance Journal https://ift.tt/344aapH

Porsche Expands Its ‘Flexible Ownership’ Subscription That Includes Insurance

Porsche is expanding its app-based subscription service to four new cities in the U.S. and Canada, deepening its experiment in flexible car ownership even as other automakers back away. The luxury sports-car brand of Volkswagen AG is adding Las Vegas, … from News – Insurance Journal https://ift.tt/2ZzxIiG

U.K. Prime Minister Rolls the Dice on City of London’s Future: Opinion

Not long after Britain voted to leave the European Union, the City of London’s chiefs grudgingly began hammering out plans for the worst: that Britain might eventually abandon the EU’s single market. Now the future is suddenly looking even more … from News – Insurance Journal https://ift.tt/2MKnhXq

New Swedbank CEO, Hired from Folksam, Criticized for Ties to Scandal-Hit Bank

Sweden’s biggest shareholder group has criticized Swedbank AB’s choice of chief executive officer, arguing the board opted for an insider who failed to stop the bank sinking into a Baltic money-laundering scandal when he had the chance. Jens Henriksson will … from News – Insurance Journal https://ift.tt/2L40p3p

Tesla unveils insurance product

The car manufacturer, which first revealed its intention to move into insurance in April, has launched a policy for Tesla owners in California. from Insurer - insuranceage.co.uk https://ift.tt/2Hv0UkC

RSA raises £350m to spend across the business

The notes are not intended for a specific transaction. from Insurer - insuranceage.co.uk https://ift.tt/2Ud6PQm

U.K. Prime Minister Johnson Forces Brexit Showdown

British Prime Minister Boris Johnson’s move to suspend parliament and come good on his promise to avoid any more delays to Brexit has set the clock running for his opponents to thwart him. The question is whether they can do … from News – Insurance Journal https://ift.tt/2PjxH2x

Barge Collapse in Tennessee River Leads to Oil Spill

Officials in Chattanooga say a truck and crane went to the bottom of the Tennessee River when the barge they were sitting on collapsed. News outlets report the crane was mounted on the truck that fell into the river when … from News – Insurance Journal https://ift.tt/2L40hRq

Insurtech Kin Insurance Raises $47M to Launch Florida Homeowners Carrier

Kin Insurance, an insurtech startup focused on home insurance in catastrophe-prone regions, said it has raised $47 million in new venture financing to fuel expansion and a revamped business model. August Capital led the new financing round, which included contributions … from News – Insurance Journal https://ift.tt/2ztvIhk

3 Steps to Keep the Cameras Rolling for Entertainment Clients In Hurricane Season

The magic of the movies has the power to transport theater goers to distant lands, faraway places and, in some cases, entirely different planets. Television shows are no exception, and the power of set design is a contributing factor to … from News – Insurance Journal https://ift.tt/2NAnJax

Hurricane Dorian Goes Easy on Puerto Rico, Gathers Force and Heads for Florida

After slipping past Puerto Rico, Hurricane Dorian is heading with gathering force toward Florida’s east coast where it may bring 115 mile-per-hour winds and drenching rain when it hits there sometime early next week. Dorian is set to be the … from News – Insurance Journal https://ift.tt/2Pk72m2

Purdue Pharma Floats $10-$12 Billion Opioid Settlement: Reuters

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday. Purdue … from News – Insurance Journal https://ift.tt/2ZvkGTs

Lafond Succeeds Giglio as CEO of Insurity

Insurity, Inc., a provider of cloud-based services and data analytics for the property/casualty insurance industry, has appointed Chris Lafond as its chief executive officer, succeeding Chris Giglio, who has been CEO since 2017 and who will remain on the board … from News – Insurance Journal https://ift.tt/2NBpvrN

Hemp Crops in Hawaii Because of High THC Levels

More than half of hemp crops cultivated in Hawaii in the past year were unusable due to high THC levels, officials said. The crops cultivated for the state’s hemp industry tested above the federal limit for the chemical that causes … from News – Insurance Journal https://ift.tt/2Zx3bWG

$900K in Claims Paid to Settle Against Police Chief in New Mexico

The state of New Mexico acknowledged Monday that it paid out $900,000 to three State Police officials who complained of workplace discrimination and retaliation by the state’s former police chief. The payout is the latest revelation about settlements of lawsuits … from News – Insurance Journal https://ift.tt/30ILGQw

Fire Official Says Oregon Wildfire Risk Map Flawed

A fire official says a wildfire risk map being created by Deschutes County, the home of Bend, Oregon, underestimates fire danger because it doesn’t take into account the danger when homes catch fire in densely built suburbs. The Bulletin reported … from News – Insurance Journal https://ift.tt/2LjQ6XU

Japan to Offer Enhanced Trade Insurance to Drive African Investment

Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the resource-rich continent. “Let me make a promise,” Abe told … from News – Insurance Journal https://ift.tt/2ztob1T

DuPont Says It Will No Longer Buy Firefighting Foam With Suspect Chemicals

Industrial materials maker DuPont said on Wednesday it would stop buying and using firefighting foams made with a controversial class of chemicals, which are at the center of multiple environmental lawsuits, by the end of 2021. The chemicals, which have … from News – Insurance Journal https://ift.tt/2HvaPGK

Puerto Rico Braces for Tropical Storm Dorian; Florida, Carolinas Could Be Next

Tropical Storm Dorian is about to sideswipe Puerto Rico and the U.S. Virgin Islands. And if you live on Florida’s east coast, it may be time to start gathering supplies. Chances are increasing that the storm will approach Florida bringing … from News – Insurance Journal https://ift.tt/2LbB5Hh

Connecticut Woman Pleads Guilty to Fraud for Embezzling $400K from Employer

A Connecticut woman has pleaded guilty to embezzling more than $400,000 from her employer. Federal prosecutors say 56-year-old Vicki Miller, of Colchester, pleaded guilty to wire fraud Friday in U.S. District Court in Bridgeport. Prosecutors say Miller was a bookkeeper … from News – Insurance Journal https://ift.tt/2L1N6jZ

Newark to Speed Replacing of Pipes Blamed for Lead in Water

New Jersey’s biggest city on Monday announced a plan to borrow $120 million to dramatically cut the time it will take to replace pipes causing elevated lead levels in drinking water. City, state and county officials said the plan is … from News – Insurance Journal https://ift.tt/2NDlS4W

Disability Insurance Services Hires Cremens as Regional Brokerage Manager

Disability Insurance Services (DIS), a provider of disability insurance, has hired Scott Cremens as regional brokerage manager (RBM) – the company’s first RBM in Connecticut. Cremens brings 15 years of experience to the team, having previously served in similar roles … from News – Insurance Journal https://ift.tt/2HudosX

New Hampshire’s Brownell Insurance Center Joins NAIA

Brownell Insurance Center Inc., of Londonderry and Hampton, N.H., has joined NAIA. NAIA, founded in 2009, aligns itself with historically profitable agencies and key core carriers. In addition to aggregation of agencies’ volumes, NAIA provides full time macro management of … from News – Insurance Journal https://ift.tt/2LcXeFh

Biometrics Lawsuits, Ransomware Variant, Financial Firm Targeting Among Latest Cyber Trends: Chubb

State biometrics laws, a new ransomware threat and the targeting of financial institutions are among the recent trends in cyber risks, according to insurer Chubb in a new report. The insurer cites a recent surge in lawsuits over biometric privacy. … from News – Insurance Journal https://ift.tt/2ZmWmIe

Opioid Epidemic Could Threaten Europe Too: Viewpoint

As drugmakers are being held responsible for fueling the U.S. opioid epidemic, it might look at though they have nothing to fear in Europe, where, it’s often assumed, opioid misuse isn’t so rampant. The European Union, though, should take a … from News – Insurance Journal https://ift.tt/328FrWv

Tropical Storm Dorian Takes Aim at Puerto Rico, Dominican Republic

Tropical Storm Dorian churned toward Puerto Rico and the Dominican Republic on Tuesday and was expected to be close to hurricane strength when it nears the islands on Wednesday. In anticipation of the storm, U.S. President Donald Trump declared a … from News – Insurance Journal https://ift.tt/2NAT0tP

Fujitsu sets sights on disrupting insurance

CTO Manan Sagar outlines the company's vision for the future of the sector. from Insurer - insuranceage.co.uk https://ift.tt/2znPtXw

ABI figures show 1,300 insurance scams a day detected in 2018

Detected dishonest claims reached a value of £1.2bn during the year. from Insurer - insuranceage.co.uk https://ift.tt/2L0BkpL

Burger King Franchise in Oklahoma to Pay $30K to Settle Disability Discrimination Suit

The operators of a Lawton, Okla., Burger King restaurant have agreed to pay $30,000 and furnish other relief to settle a disability discrimination lawsuit brought by federal officials. In a lawsuit filed in July 2018, the U.S. Equal Employment Opportunity … from News – Insurance Journal https://ift.tt/2Zqm35K

Toxic Gas, EPA Silence Raise Concerns for Residents Near Georgia Factories

Residents near two Georgia plants which have emitted toxic gas say they’re furious that the government did not alert the public about a federal report on potential health dangers. Hundreds of people packed two recent town hall meetings in Marietta … from News – Insurance Journal https://ift.tt/2HuHHPZ

North Carolina Insurers Request 19.2% Rate Increase for Dwelling Policies

The North Carolina Department of Insurance has received a dwelling insurance rate filing from the North Carolina Rate Bureau requesting a statewide average rate increase of 19.2%, varying by territory. The N.C. Rate Bureau, which is not part of the … from News – Insurance Journal https://ift.tt/2PeN0cG

Auto Safety Test Pits Traditional Car Mirrors v. Rear/Side Cameras

The U.S. National Highway Traffic Safety Administration plans to test how drivers could use cameras to replace traditional rearview mirrors in automobiles, a technology already allowed in other countries, the agency said on Tuesday. The planned test by the agency … from News – Insurance Journal https://ift.tt/2PhqqQP

Why J&J Opioid Lawsuit Could Mean Real Culprits Are Let Off the Hook: Viewpoint

In 1977, after an electrical fire destroyed the Beverly Hills Supper Club in Southgate, Kentucky, killing 165 people, a plaintiffs’ lawyer named Stanley Chesley came up with a novel way to recover money for the families of the victims. The … from News – Insurance Journal https://ift.tt/2zqkWsb

Florida Insurer American Integrity Launches Policyholder Home Maintenance App

American Integrity Insurance Co., a Tampa, Fla.-based home insurance carrier, has introduced a new, free home platform app designed to provide tools and information for customers to maintain their home and belongings. American Integrity is providing the Home Platform App … from News – Insurance Journal https://ift.tt/2ZuaR87

Iowa’s GuideOne Teams Up with Strategos International on Armed Intruder Training

West Des Moines, Iowa-based GuideOne Insurance has formed an alliance with Strategos International, a Kansas City-based organization that will bring training and consulting to its customers in all niches – churches, schools, nonprofits, senior living communities and small businesses – … from News – Insurance Journal https://ift.tt/2U8PFDt

West Virginia AG Says Johnson & Johnson, Teva Hid Opioid Risks in New Lawsuit

West Virginia’s top prosecutor filed suits Friday against the major opioid makers Johnson & Johnson and Teva Pharmaceuticals USA for misrepresenting the risks of their painkilling drugs. The separate suits filed in Boone County, West Virginia, by Attorney General Patrick … from News – Insurance Journal https://ift.tt/2ZuM2J2

Measles May Have Been Brought to Southern California by Tourist

A New Zealand teenager who visited Disneyland and other Southern California tourist spots last week brought along more than just her luggage. She brought measles. Public health officials in Los Angeles and Orange counties are warning that people may have … from News – Insurance Journal https://ift.tt/2KXoHvC

Colorado Says Lung Disease Case Possibly Linked to Vaping

Colorado health officials say one person has been confirmed with a severe lung disease that appears to be linked to electronic cigarette products. The Denver Post reported that the state Department of Public Health and Environment is investigating a possible … from News – Insurance Journal https://ift.tt/2HsMEJo

Evacuations Lifted in Wildfire Along California-Nevada Border

Authorities say a fast-moving wildfire on rural land along the California-Nevada border burned one home before crews were able to slow its spread. Fire spokesman Adam Mayberry says the blaze about 25 miles north of Reno, Nevada is now more … from News – Insurance Journal https://ift.tt/2MFHkq1

Firefighters Make Progress on Alaska Wildfire

Firefighters are making progress on an Alaska wildfire that has claimed 51 homes. Nearly 450 firefighters working the fire about 70 miles north of Alaska’s largest city brought it to 46 percent containment Monday, up from 10 percent on Friday. … from News – Insurance Journal https://ift.tt/2UdfaUj

Frontline Oil Tanker Expects Q4 Return to Shipping, After June Gulf Attack

An oil tanker that was set ablaze by a blast near the Strait of Hormuz in June will be back in service in the fourth quarter after repairs, vessel owner Frontline said on Tuesday. Images of the product tanker Front … from News – Insurance Journal https://ift.tt/2znxn85

Chronic Commercial Auto Insurance Underwriting Losses to Continue in 2019: Fitch

U.S. property/casualty insurers continue to face substantial underwriting losses on commercial automobile insurance and, following a statutory combined ratio of 108% in 2018, the segment is poised for a ninth consecutive year of underwriting losses in 2019, according to Fitch … from News – Insurance Journal https://ift.tt/2Pf9ZnX

U.K. Government Optimistic that Brexit Talks Can Begin Again

The U.K. government sees an opportunity to restart Brexit negotiations with the European Union after Prime Minister Boris Johnson’s meetings last week with German Chancellor Angela Merkel and French President Emmanuel Macron. The two leaders appeared to relax their language … from News – Insurance Journal https://ift.tt/2Zp3ZJe

Morrison Mahoney Hires Gyllenborg to Corporate Transactions Group

Morrison Mahoney has hired Eric J. Gyllenborg as a partner in its Corporate Transactions group in Boston, Mass. Gyllenborg is a corporate lawyer with a particular focus on commercial lending, private securities offerings, venture capital, private equity, finance, employment, medical … from News – Insurance Journal https://ift.tt/2Zredsn

Honcho launches ‘reverse auction’ app

InsurTech Futures: The car insurance app aims to reduce costs for young drivers. from Insurer - insuranceage.co.uk https://ift.tt/30Jx7wo

Ames & Gough Appoints Witherow as an Assistant Vice President in Washington D.C.

Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations/nonprofits and other professional service organizations, has appointed Jessie Witherow as an assistant vice president. Based in the Washington, D.C., office, Witherow is … from News – Insurance Journal https://ift.tt/2L9Lvra

Philadelphia Factory Owner Fined More Than $1M in OSHA Retaliation Case

A suburban Philadelphia factory owner found guilty of retaliating against employees who cooperated with federal safety inspectors has been ordered to pay more than $1 million in back wages and punitive damages. The Philadelphia Inquirer reports that a judge ordered … from News – Insurance Journal https://ift.tt/2KXX9pU

Maryland Construction Company Owner Pleads Guilty in $1.7M Fraud Plot

A Maryland construction company owner has pleaded guilty to engaging in a scheme to defraud a customer out of more than $1.7 million. U.S. Attorney Robert Hur’s office said in a news release that 65-year-old Ivan Victor Thrane faces a … from News – Insurance Journal https://ift.tt/32gSUfh

Over four million drivers stuck in £982m insurance loyalty trap

Research by GoCompare shows 44% of drivers let their car insurance automatically renew, with customers overpaying by £982m a year. from Insurer - insuranceage.co.uk https://ift.tt/2UcGKkK

Serving on One Outside Board Is Enough, BlackRock Warns Directors

BlackRock Inc. is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on … from News – Insurance Journal https://ift.tt/2HuQuBz

Other Opioid Lawsuit Plaintiffs Welcome Oklahoma Ruling Affirming Public Nuisance

While some Johnson & Johnson investors were relieved that the company’s $572 million penalty for fueling Oklahoma’s opioid epidemic wasn’t as high as feared, lawyers for other U.S. states, cities and counties could hardly contain their glee. That’s because the … from News – Insurance Journal https://ift.tt/2MMWeLt

Global Policymakers Must Focus on Strengthening Economic Resilience: Swiss Re

A decade after the last financial crisis, attention is too focused on what central bankers can do to prevent the next one, according to Swiss Reinsurance Co. With liquidity taps open and policy rates stuck in a “black hole” they … from News – Insurance Journal https://ift.tt/32gBi39

Aon Forms Global Accident, Health & Life Group in Its Reinsurance Business

Aon plc has created a global Accident, Health & Life practice group in its Reinsurance Solutions business to help insurers take advantage of growth opportunities in this evolving sector. The group will be chaired by Roger Smith, who was previously … from News – Insurance Journal https://ift.tt/2PhZ6lx

HDI Global Taps Ogden from Lloyd’s as Director of Distribution, UK/Ireland

HDI Global SE (HDI) has announced the appointment of Stephanie Ogden as Director of Distribution for its UK and Ireland operations. She will assume the role on Sept. 2, 2019. Ogden will be responsible for distribution strategy, broker and client … from News – Insurance Journal https://ift.tt/2MFtGmG

Video: Close Brothers reveals personal lines data

Sharon Bishop, CEO of the premium finance provider, discusses the organisation's recent broker survey and what respondents had to say about personal lines. from Insurer - insuranceage.co.uk https://ift.tt/32381Zx

How Small Businesses Are Training for Active Shooters

At a four-hour meeting last month, Michelle Abdow’s staffers got to experience some of the sights, sounds and even smells they could encounter if someone invaded their office and began shooting. Security experts and local law enforcement officers gave Abdow’s … from News – Insurance Journal https://ift.tt/2ZvUnwe

Florida-Based FedNat Holding Company Makes Changes to Board of Directors

The Board of Directors of FedNat Holding Company, an insurance holding company, has selected David Michelson and David Patterson as candidates to serve on the board as new, independent directors. As soon as their appointments have satisfied insurance regulatory review, … from News – Insurance Journal https://ift.tt/2NytCFe

One General Agency Acquires Renewal Rights to Oklahoma City MGA’s Business

One General Agency (OGA) is pleased to announce that it has acquired the renewal rights to the book of business previously owned by Oklahoma City-based Acton Inc. (Acton). Acton President Eric Acton will be joining the OGA staff. One General … from News – Insurance Journal https://ift.tt/2ZxFOIM

Tropical Storm Dorian Strengthens as It Heads Toward Barbados

Tropical Storm Dorian is strengthening as it swirls toward the Caribbean island of Barbados, potentially reaching near hurricane strength by Tuesday, while a second system struggles to get organized in the waters off Florida. Dorian, with top winds of 50 … from News – Insurance Journal https://ift.tt/30BsPHd

China Pacific Insurance Joins Industry Blockchain Initiative, B3i

China Pacific Insurance Group (CPIC) has become the latest investor in B3i, the insurance and reinsurance industry’s blockchain initiative. CPIC’s membership further strengthens B3i’s representation across the global insurance market, said B3i, which now is supported by 18 major insurance … from News – Insurance Journal https://ift.tt/2MCHXAN

Insurer Not Responsible for Workers’ Comp Claim Due to Overdose Death

The New Hampshire Supreme Court has affirmed a decision by the New Hampshire Compensation Appeals Board (CAB) denying an estate’s request that its insurer pay workers’ compensation benefits to the estate as a result of an overdose death. The petitioner, … from News – Insurance Journal https://ift.tt/2ZiAGg1

Clergy Members Named in Alaska Sexual Misconduct Review

An independent review has found credible accusations of past sexual misconduct against seven clergy members of an Alaska Catholic diocese, including a former priest who died in a July plane crash and another priest who was placed on administrative leave … from News – Insurance Journal https://ift.tt/2Zn6FHi

5 Insurtechs Working to Improve Agency Processes, Efficiency

Independent insurance agents can find sifting through the many insurtech products to pinpoint ones suited to their needs is a daunting assignment. But it’s an assignment they must tackle, according to agency consultant Chris Burand, founder of Chris Burand & … from News – Insurance Journal https://ift.tt/2HsS3Qr

Alaska Wildfire Threatening Community Businesses

A wildfire in south-central Alaska has threatened multiple businesses in a nearby community, officials said. At least 51 homes and three businesses have been destroyed in a wildfire burning north of Anchorage. Another 84 outbuildings are reported to have been … from News – Insurance Journal https://ift.tt/2ZhHSJn

California Woman Hit by Police Truck to Get $260,000

The Santa Rosa City Council has agreed to pay a settlement to a California woman hit by a police truck. The Press Democrat reported that 29-year-old Laure Friedell filed a lawsuit in March 2018 after her right foot and left … from News – Insurance Journal https://ift.tt/2MELWN2

Former University Southern California Gynecologist in Sex Assault Case Released On Bail

A former University of Southern California gynecologist charged with sexually abusing patents has posted bail and been released from jail. The Los Angeles Times reports Dr. George Tyndall was freed Friday evening on $160,000 bond. Tyndall was arrested in June … from News – Insurance Journal https://ift.tt/2L2xRFW

Prospect of Brexit Deal Is ‘Touch and Go,’ Acknowledges PM Johnson

U.K. Prime Minister Boris Johnson acknowledged Sunday that the prospect of a Brexit deal was “touch and go,” as other European Union capitals grasp the problems Britain has with the withdrawal agreement. Speaking on the sidelines of the Group of … from News – Insurance Journal https://ift.tt/2ZqSot2

Newly-Launched CAC Specialty Combines Insurance Brokerage with Investment Banking

Alabama-based specialty insurance broker Cobbs Allen is forming CAC Specialty, a combined specialty insurance brokerage and investment banking platform to offer customized insurance and risk transfer services to large corporates, small and medium sized businesses, private equity, and other alternative … from News – Insurance Journal https://ift.tt/31Wx802

Amazon Joins Walmart in Claiming Fire Risk with Tesla Solar Panels

Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire. On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel … from News – Insurance Journal https://ift.tt/2KXK53O

Health Officials Report First Death They Believe Is Linked to Vaping

An Illinois resident has died after being hospitalized with a severe respiratory illness that health officials believe is linked with vaping, the state’s Department of Public Health said Friday. The death is the first recorded from a mystery illness that … from News – Insurance Journal https://ift.tt/2ZqzbvL

P/C Insurers’ First-Half Underwriting Income Drops

The U.S. property/casualty industry’s net underwriting income declined by 9.6% to $4.8 billion in the first half of 2019, compared with $5.3 billion in the same prior-year period, A.M. Best reports. Net earned premiums grew by 3.8% in first-half 2019, … from News – Insurance Journal https://ift.tt/2ME3Boi

Amazon Sued by Publishers Claiming Audible Text Service Violates Copyright

Amazon.com Inc.’s Audible was sued by some of the top U.S. publishers for copyright infringement on Friday, aiming to block a planned rollout of a feature called ‘Audible Captions’ that shows the text on screen as a book is narrated. … from News – Insurance Journal https://ift.tt/30y0Rfy

Off-Duty New York City Police Department Officer Indicted for Insurance Fraud

A New York City Police Department officer has been indicted for insurance fraud, falsifying business records and related charges for allegedly filing a false insurance claim stating his vehicle was stolen when the same car was found burned down at … from News – Insurance Journal https://ift.tt/2NIkrlN

Pennsylvania’s PMA Companies Names Shertenlieb as Vice President of Marketing

PMA Companies has named Tara Shertenlieb as vice president of Marketing. In this role, she is responsible for developing and executing PMA Companies’ marketing strategies and initiatives including branding, communications, advertising and digital marketing. Shertenlieb reports to Derek Hopper, senior … from News – Insurance Journal https://ift.tt/2KUN2Cu

Arthur J. Gallagher & Co. Hires DellaCroce to Healthcare Practice in New Jersey

Arthur J. Gallagher & Co., a global leader in insurance brokerage, risk management and consulting services, has hired Anthony DellaCroce to its team in New Jersey as an area vice president for the Healthcare Practice, specializing in healthcare insurance placement. … from News – Insurance Journal https://ift.tt/2Hr8PiR

Hong Kong Protests Escalate as Police Fire Weapon, Use Water Cannons

Tensions flared in Hong Kong on a weekend that began with the formation of a peaceful human chain across the city and culminated two days later with police firing a weapon and using water cannons for the first time. In … from News – Insurance Journal https://ift.tt/2ZrvAgU

Canada Broker Westland Insurance Buys First West Insurance Services

Canadian broker Westland Insurance Group Ltd. announced the acquisition of First West Insurance Services, a subsidiary of First West Credit Union, effective Sept. 30, 2019. Financial details of the transaction were not released. First West Insurance Services provides personal, auto … from News – Insurance Journal https://ift.tt/2Lc7FsA

South Carolina Man Sues Walmart After Gas Can Explosion

A South Carolina man is suing Walmart, saying a gas can that exploded and set him on fire was defective and should never have been sold to him at a Walmart store in Barnwell. In a federal lawsuit filed this … from News – Insurance Journal https://ift.tt/31ZFXpG

Report: Gas Pipeline That Caused Explosion in Kentucky Has History of Deadly Accidents

A natural gas pipeline in Kentucky that exploded this month and killed one person has a history of deadly accidents. The Courier Journal reports six people in Kentucky and nine people in total have died in gas explosions along the … from News – Insurance Journal https://ift.tt/2ZATh6J

South Carolina CBD Stores Face Uncertainty, Raids After AG Opinion on Hemp

Top Hat Tobacco and Cigar owner Todd Smith was on his way out of town July 13 for a rare day off when his phone rang. A friend manning the store for him was on the other end, and told … from News – Insurance Journal https://ift.tt/2ZrY1Hv

Bogus Claims, Price Gouging, Fake Contractors: How Fraudsters Steal Disaster Aid

As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline of aid flowing into the stricken … from News – Insurance Journal https://ift.tt/2L3LBR4

Motor Vehicle Accident Fatalities Decline

The four-year upward trend in motor vehicle deaths that began in 2015 is ebbing, with the number of fatalities in the first six months of 2019 dropping 3% compared to the same six-month period in 2018. Preliminary estimates from the … from News – Insurance Journal https://ift.tt/323z7jf

U.S. Lawmakers Urge Regulators to Treat Cloud Services as Players in Global Financial System

Two U.S. lawmakers have called on a top financial regulatory panel to consider direct oversight of the cloud services big tech companies provide to banks, saying they have become a critical component of the global financial system. In a letter … from News – Insurance Journal https://ift.tt/2KPgIAU

New Business Up 20% at Insurer AIA on Hong Kong, China Sales

Asia-focussed insurer AIA Group Ltd on Friday posted a 20% rise in new business for the first half of the year, as it sold more insurance products in its main markets of Hong Kong and China. AIA’s new business value, … from News – Insurance Journal https://ift.tt/2NCiCH1

Following Deadly Blast, Russia Launches Floating Nuclear Reactor

Russia’s Rosatom shipped its first floating nuclear-power reactor on Friday, setting the unit off on a barge journey among Arctic ice caps, raising concerns in the wake of a recent military accident that caused a brief spike in radiation. The … from News – Insurance Journal https://ift.tt/2NqQYMR

The Insurance Age Podcast: 23 August 2019

The Insurance Age team unpick the most recent and most popular stories. from Insurer - insuranceage.co.uk https://ift.tt/33QHH6y

China Tops List of U.S. Cybersecurity Agency’s Top Risks

A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including … from News – Insurance Journal https://ift.tt/30wJ7Bg

Allianz to Buy SulAmérica’s Auto, Other P/C Insurance Operations

Allianz has agreed to acquire automobile and other property/casualty insurance operations from Brazil’s SulAmérica for BRL 3 billion (667 million euros). Allianz said the acquisition will strengthen its competitive position in Brazil, making it one of the top three insurers … from News – Insurance Journal https://ift.tt/2L4zTFO

Captain of Ferry that Ran Aground in Boston Harbor Off Job Pending Drug Test

The captain of a commuter ferry that ran aground in Boston Harbor has been placed on leave pending drug test results. The Boston Globe reported Saturday that the captain was taken off the job pending the test, which is routine … from News – Insurance Journal https://ift.tt/2MxHuzO

Everest Insurance Adds Three Members in Pennsylvania, New York

Everest Insurance has added three members to the Financial Lines Private Company/Not‐For‐Profit group. This group provides management liability insurance for private and not‐for‐profit companies of all sizes and industries. Michelle Bockin has joined Everest Insurance as a director, managing all … from News – Insurance Journal https://ift.tt/31ZvJWC

The Connecticut Interlocal Risk Management Agency Hires Dion, Martin

The Connecticut Interlocal Risk Management Agency (CIRMA) has hired Ellen Dion as chief financial officer (CFO). Dion has property and casualty insurance industry expertise spanning more than 25 years and will oversee budget preparation and administration, financial planning and operations, … from News – Insurance Journal https://ift.tt/2KQ0ibl

Alliant Adds Shaffer to Its Mid-Atlantic Team as Senior Vice President

Alliant has added John Shaffer III to its Mid-Atlantic team. The Bethesda, Md.-based property and casualty specialist will serve as senior vice president, designing and delivering a range of insurance and risk management services to clients throughout the region as … from News – Insurance Journal https://ift.tt/2L78Zgk

Aon UK confirms solicitors’ PI cover has been withdrawn

Its MGA Maven Underwriters lost Lloyd’s support and Aon states it has found alternative cover for its clients using Maven. from Insurer - insuranceage.co.uk https://ift.tt/2KQvzuV

Sure Thing! to be rebranded following sale to Policy Expert

Policy Expert co-founder Adam Powell reveals plans to change the motor broker's business model. from Insurer - insuranceage.co.uk https://ift.tt/2ZoKdNU

Readers And Tweeters Take Dialysis Providers To Task: Nowhere But In The USA

Letters to the Editor is a periodic feature. We  welcome all comments  and will publish a selection. We edit for length and clarity and require full names. The Undue Strain Of Dialysis This is criminal, and the dialysis companies are not the only ones plundering the public (“ Bill Of The Month: First Kidney Failure, Then A $540,842 Bill For Dialysis ,” July 25). If you have no medical insurance and go to a doctor or hospital for medical care, you get charged tenfold what they accept from insurance companies. No properly run health care facility or doctor is losing money by accepting the agreed fees that the insurance companies pay. It’s absolutely outrageous to charge people who can least afford to pay up to 10 times the insurance charges. This scam has existed for decades and Congress has done nothing to protect consumers. My understanding is that no other country allows this discrimination against the poor. It’s time this outrageous exploitation of consumers be terminated...

Broker Not Liable for Late Notice that Cost Illinois Client $1.34M

An Illinois construction company that waited six years to inform its excess insurer that it had been sued cannot expect coverage from that carrier, and it can’t go after the insurance brokerage that sold it the policy either, a federal … from News – Insurance Journal https://ift.tt/2Zod4BU

Bridge Span Near Florida-Georgia Line Collapses, Causes 2 Accidents

Authorities say two motorists have been injured when their cars went airborne over a collapsed bridge span near the Florida-Georgia Line. Officials closed a short stretch of Hutchinson Ferry Road northwest of Tallahassee on Wednesday morning because of the gap … from News – Insurance Journal https://ift.tt/2TWMNJT

Trump Administration Appoints Aviation Safety Advisory Panel

U.S. Transportation Secretary Elaine Chao on Thursday named 22 people to a new panel that will advise the department on aviation safety oversight and certification programs as the Federal Aviation Administration continues to grapple with the fallout from two fatal … from News – Insurance Journal https://ift.tt/31WfSIb

For Many U.S. Communities, There’s No Easy Path to Safety From Disasters

As the country enters peak season for major natural disasters, new research indicates which states and communities are the riskiest for those needing to evacuate whether from wildfires or hurricanes. StreetLight Data Inc., a company that collects and analyzes data … from News – Insurance Journal https://ift.tt/2KSyCmt

Early Claims and Crash Tests Suggest Risks of Luxury, SUV Electric Vehicles

Electric luxury cars and sport utility vehicles (SUVs) may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said. The numbers, based on … from News – Insurance Journal https://ift.tt/31WZ3Nd

Wells Fargo Settles Navajo Nation Claims Over Fake Accounts for $6.5 Million

Wells Fargo & Co. will pay the Navajo Nation $6.5 million to settle a lawsuit over “predatory and unlawful practices” by the bank, the Native American tribe said on Thursday. The Navajo Nation sued Wells Fargo in federal and tribal … from News – Insurance Journal https://ift.tt/2KNz6tP

Authorities Investigate String of Arson Fires in Kentucky Neighborhood

A string of fires in a western Kentucky neighborhood has left authorities wondering if they’re all related. News outlets report four fires in the past week have occurred in the Pleasant Ridge area and three of the fires were caused … from News – Insurance Journal https://ift.tt/33RRjOh

Miami Contractor Arrested Over $737K in Workers’ Comp Fraud

A Florida contractor was arrested this month for an alleged workers’ compensation fraud scheme totaling nearly $737,000, according to a statement from Chief Financial Officer (CFO) Jimmy Patronis. Norma Lopez Cedillo, president of Nuvo Contractor, Inc., allegedly evaded paying nearly … from News – Insurance Journal https://ift.tt/2NqJfhR

Guy Carpenter Tapped for California Wildfire Fund Reinsurance and Risk Transfer Program

Guy Carpenter & Company LLC has been named the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority. Guy Carpenter will provide strategic reinsurance and advisory services to develop … from News – Insurance Journal https://ift.tt/2U1ad0U

Planned Parenthood Arizona Worker Awarded $3M

A former Planned Parenthood Arizona employee who claimed she was wrongfully fired after she reported unsafe medical practices has been awarded $3 million in a civil case. A Maricopa County jury returned the verdict Aug. 16 for Mayra Rodriguez, who … from News – Insurance Journal https://ift.tt/30txVW2

Among Bad Driving Behaviors, Speeding Is Strongest Predictor of Crashes

Speeding is the riskiest kind of aggressive driving, according to an analysis of data from on-board telematics devices in vehicles. Researchers at Canada’s University of Waterloo examined data from 28 million trips for possible links between four bad driving behaviours … from News – Insurance Journal https://ift.tt/2L1v007

Allstate CEO Calls On U.S. Corporations to Pay Employees More

U.S. businesses must focus on creating higher-paying jobs,Tom Wilson, Allstate chair, president and chief executive officer, writes in today’s New York Times. Wilson calls on America’s corporate leaders to prioritize job creation and make it a regular topic of discussion … from News – Insurance Journal https://ift.tt/31UWOdq

Liberty Mutual Names Chief Underwriting Officers for Excess Casualty and Public Entities

Liberty Mutual has appointed Jon Tellekamp as chief underwriting officer for National Insurance – Excess Casualty, and Doug Manwaring as chief underwriting officer of National Insurance – Public Entities and Programs. Tellekamp is responsible for the retail admitted excess casualty … from News – Insurance Journal https://ift.tt/31Xgs8B

Airbus A380s to Undergo Safety Checks After Air France Crash Probe Finds Part

Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw in a recently salvaged cracked part in a move likely to trigger urgent checks on dozens of Airbus superjumbos, people familiar with … from News – Insurance Journal https://ift.tt/2ZkbGjZ

New Jersey Woman Gets Two Years in Compound Drug Fraud Scheme

A New Jersey woman has been sentenced to two years in prison for her role in a widespread fraud scheme involving public employees and compound prescription drugs. Kristie Masucci appeared before a judge in Camden on Tuesday. The 37-year-old Cedar … from News – Insurance Journal https://ift.tt/2KQdlcV

Ryan Specialty Group Reaches Agreement to Acquire Pennsylvania’s Suitelife

Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of The Suitelife, a program manager specializing in boutique hotels, premier and full service hotels, hotel management companies, condo hotels and resorts from Venture … from News – Insurance Journal https://ift.tt/33MYMyp

China Expands List of Drugs Covered by Basic Medical Insurance

China on Tuesday added 148 drugs to its list of medicines covered by basic medical insurance schemes, part of a push to lower patients’ out-of-pocket costs in one of the world’s largest drug markets, state media reported. AstraZeneca’s Kombiglyze and … from News – Insurance Journal https://ift.tt/2Zn6gIQ

Water Distribution Continues as Lead Problem Assessed in Newark

Newark’s large-scale bottled water distribution is continuing as officials try to understand the failure of two filters intended to eliminate lead from water. The Environmental Protection Agency, which earlier called for the water distribution, said Friday that researchers are meeting … from News – Insurance Journal https://ift.tt/2Z8bKIk

Key Irish Businesses Said Unprepared for Brexit, Face Supply Chain Risk

Some of the Irish businesses most exposed to the risk of Britain crashing out of the European Union in 10 weeks are not very well prepared, Ireland’s government warned on Thursday. The Irish economy is considered the most vulnerable among … from News – Insurance Journal https://ift.tt/33QXlyG

Alliant Insurance Services Hires Spofford as Vice President in New York

Alliant is continuing to grow its presence in Albany, N.Y., with the addition of Vice President Chris Spofford. The property and casualty specialist will leverage his regional expertise and technical background to deliver a range of insurance and risk management … from News – Insurance Journal https://ift.tt/2TWWSXl

With Economy Slowing, Tariffs Hitting, China’s Rust Belt Looks to Belt and Road Initiative

From Thailand to Kenya, trains run on tracks from steel mills in China’s northeast, a rust-belt region that is trying to capitalize on a multibillion-dollar national initiative to build ports, railways and other projects abroad. Announced in 2012, the Belt … from News – Insurance Journal https://ift.tt/33RfDjC

Is the sector suffering an attack of the clones?

Insurance Age takes a look at the recent spate of cloned firms targeting the industry as experts urge brokers to be vigilant. from Insurer - insuranceage.co.uk https://ift.tt/2KMgD0E

Chubb Launches CoverPlus Liability Insurance for Middle Market Manufacturers

Chubb has introduced CoverPlus – a new platform offering expanded liability-driven products tailored to the evolving risks faced by middle market manufacturers from new technologies and processes. CoverPlus offers a custom-tailored suite of coordinated insurance products and offers flexible and … from News – Insurance Journal https://ift.tt/33KuFYl

Matiyow Joins Personal Insurance Federation of Florida as VP of Legislative, Regulatory Affairs

The Personal Insurance Federation of Florida (PIFF) has appointed Scott Matiyow as the organization’s new vice president of Legislative and Regulatory Affairs. Matiyow will serve as a lead lobbyist on property and casualty insurance issues and will develop political strategy … from News – Insurance Journal https://ift.tt/2ZfTaOB

Storm Damage Leaves Thousands Without Power in Alabama

Strong storms that knocked down trees and limbs left thousands without power in north Alabama. Decatur Utilities says service was restored by early Tuesday to most of the 8,600 homes and businesses that were left in the dark after storms … from News – Insurance Journal https://ift.tt/2MwydYW

Unsafe Arsenic Levels Found at Beckham Soccer Stadium Site in Miami

An environmental report poses a new problem for the proposed site of David Beckham’s Major League Soccer stadium in Miami: Tests show the soil is far more toxic than expected. According to the Miami Herald, the analysis found arsenic contamination … from News – Insurance Journal https://ift.tt/2MuHSyX

Kaufman Institute Opens Its Personalized Insurance Learning Hub to Industry

Adult learners want a personalized educational journey — one in which they are able to choose what they want to learn, as well as when and how they want to learn it. That’s the premise behind the Kaufman Institute, a … from News – Insurance Journal https://ift.tt/2TSbt6g

Major J&J Opioid Ruling Expected Monday Out of Oklahoma

An Oklahoma judge will rule on Monday on whether Johnson & Johnson should be held liable in a lawsuit by the state’s attorney general who argues the drugmaker should be forced to pay $17 billion for fueling the opioid epidemic. … from News – Insurance Journal https://ift.tt/2ZfOrMR

Crying Robots Aside, Insurance Industry Shouldn’t Fear Artificial Intelligence: Viewpoint

In a viral State Farm commercial, Oscar Nunez, playing the role of a friendly, helpful insurance agent, disparages any insurance company that utilizes artificial intelligence in support of customer service activities. “Nothing compares to an actual human being helping out … from News – Insurance Journal https://ift.tt/2NoXLXy

Risk Strategies Acquires National Insurance Consulting Group, Expands Southeast Reach

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has expanded its presence in the Southeast United States with the acquisition of National Insurance Consulting Group, LLC (NICG), an employee benefits and human capital consulting firm. Terms … from News – Insurance Journal https://ift.tt/2TZgg68

Los Angeles Opera Taps Lawyer to Head Placido Domingo Sex Harassment Probe

Los Angeles Opera said it will immediately open a “thorough and independent investigation” into allegations of sexual harassment against the opera star Placido Domingo, the company’s general director. In a brief statement this week, the opera company said it has … from News – Insurance Journal https://ift.tt/2TQekN6

India Court Grants Facebook Some Relief in Key Privacy Case

India’s top court handed out a reprieve to Facebook Inc. in its battle to preserve the encryption feature of its Whatsapp messaging service which prevents it from sharing details of users or messages with the authorities. The court stopped short … from News – Insurance Journal https://ift.tt/33SWePl

Flooding Left 1.3M Acres Unplanted in Arkansas This Year

This spring’s heavy rainfall and flooding left 1.3 million acres of land unplanted in Arkansas. The Arkansas Democrat-Gazette reports Lawrence County farmers saw nearly 74,000 idled acres. Jerry Morgan is one of the county’s farmers who says his farm had … from News – Insurance Journal https://ift.tt/2MvfA7A

Hamilton to Double in Size with Completed Acquisition of Pembroke Managing Agency

Hamilton Insurance Group said it has completed its acquisition of Liberty Mutual’s Pembroke Managing Agency at Lloyd’s and its Ironshore Europe DAC business. The acquisition, first announced in mid-March, will double the premium volume and size of Hamilton, a Bermuda-based … from News – Insurance Journal https://ift.tt/2zeJSmu

Pacific Northwest Earthquake-Warning System Gets Funding Boost

The U.S. Geological Survey is greatly increasing funding for the region’s seismic network, putting it on track to send public alerts of impending earthquake shaking within the next two years. The Seattle Times reports the federal agency gave $10.4 million … from News – Insurance Journal https://ift.tt/2P6PJoq

Former L.A. Times Columnist Awarded Nearly $15.5M for Age Discrimination

A jury has awarded nearly $15.5 million to a former sports columnist for The Los Angeles Times who said he was forced out of his job because of age and health discrimination. The award is more than twice the $7.1 … from News – Insurance Journal https://ift.tt/2Mu3vj4

Lawsuit Accuses Oregon Group of Falsely Adverting Dairy Products

A class-action lawsuit claims that an Oregon creamery association falsely advertises the source of its milk, a report said. The lawsuit was filed by the Animal Legal Defense Fund against the Tillamook County Creamery Association in western Oregon, The Statesman … from News – Insurance Journal https://ift.tt/2KJT4Wl

Deadlock Continues as EU Rebuffs Johnson Bid to Reopen Brexit Deal

The European Union poured cold water on Boris Johnson’s attempt to renegotiate the Brexit deal, saying the so-called backstop to prevent a hard Irish border — which the British prime minister wants scrapped — was a vital part of the … from News – Insurance Journal https://ift.tt/2U0Qxu9

Drug Maker Endo Skirts Trial, Settles Its Opioid Claims for $11 Million

Endo International Plc agreed to an $11 million settlement to avoid going to trial in the first federal court cases targeting opioid makers and distributors over the public-health crisis caused by the painkillers. Endo said Tuesday it will pay $10 … from News – Insurance Journal https://ift.tt/30imekN

The Politics Behind the Push for a Federal Marijuana Business Banking Law

Senator Jeff Merkley once shadowed a cannabis grower and dispenser as he tried to pay his state taxes. He stuffed a backpack with $70,000 in $20 bills and drove 50 miles — unguarded — with the bulging bag in the … from News – Insurance Journal https://ift.tt/31QreNZ

Survivor of 2015 On-Air Shooting Sues Virginia TV Station

The only survivor of a 2015 attack where a disgruntled former employee shot and killed two Virginia journalists is suing the television station whose on-camera interview she was appearing in. The Roanoke Times reports Vicki Gardner is suing WDBJ for … from News – Insurance Journal https://ift.tt/30lOtPr

Bail Set at $200K for NYC Subway Scare Defendant

Bail has been set at $200,000 for a homeless man from West Virginia who was charged with placing two devices that looked like pressure cookers in a New York City subway station. The bail was set Sunday when Larry Kenton … from News – Insurance Journal https://ift.tt/2ZdKqHT

Chesapeake Employers’ Insurance Company Appoints Madden to Board of Directors

Martin G. Madden, a former senior advisor to Maryland Governor Larry Hogan from 2015 to 2017, was appointed to the board of directors of Chesapeake Employers’ Insurance Company, effective June 1, 2019. Madden will serve a five-year term on the … from News – Insurance Journal https://ift.tt/33YxoNY

Panel Readies Report on FAA Certification Process for Boeing 737

An expert panel reviewing how the Boeing Co. 737 Max was certified is expected to cite a breakdown in communication following revelations that aviation regulators didn’t understand key design elements until the first of two deadly crashes of the plane. … from News – Insurance Journal https://ift.tt/2TPQOQe

Penn. Insurance Department Announces Restitution for Consumers in Annuity Scam

Pennsylvania Insurance Commissioner Jessica Altman said her department has gotten more than $117,000 in restitution for 25 Pennsylvania consumers victimized in a major annuity scam. “I am pleased we were able to recover this money for Pennsylvanians, many of them … from News – Insurance Journal https://ift.tt/2MxaYh1

JenCap to Buy Program Administrator Aran Insurance Services

JenCap Holdings, a consolidator of specialty insurance businesses backed by The Carlyle Group, has agreed to acquire privately-held Aran Insurance Services Group, a specialty program administrator with offices in Arizona, Colorado, Massachusetts and New York. The acquisition of Aran is … from News – Insurance Journal https://ift.tt/2NlqEDS

After Solar System Fires, Walmart Sues Tesla for ‘Widespread Negligence’

Walmart Inc. on Tuesday sued Tesla Inc., accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its U.S. stores. … from News – Insurance Journal https://ift.tt/2ZhakKN

Accredited Europe partners with two UK MGAs

Maltese provider is now working with Sophro MGA and has extended its agreement with First Underwriting. from Insurer - insuranceage.co.uk https://ift.tt/31RnhZh

South Carolina Joins Growing List of States to Sue Opioid Distributors

The South Carolina Attorney General’s office has filed a lawsuit against major opioid distribution companies, claiming the businesses are partially responsible for the opioid crisis. News outlets report Attorney General Alan Wilson filed the lawsuit last week against Cardinal, McKesson … from News – Insurance Journal https://ift.tt/2Hhgwbq

Georgia-Based Colonial Pipeline Sues Contractor Over Alabama Spill

Georgia-based Colonial Pipeline Co. has sued an Alabama contractor over a spill that threatened gasoline supplies along the East Coast three years ago. The pipeline operator contends faulty work by the Birmingham-based Ceco Pipeline Services caused a crack that spilled … from News – Insurance Journal https://ift.tt/33HE037

Liberty Specialty Markets Adds Goodliffe in Chicago as Sr. Underwriting Officer

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed James Goodliffe to the role of senior underwriting officer within its Financial Risk Solutions (FRS) Multi-Buyer Trade Credit practice. He is based in Chicago. Goodliffe will be responsible for … from News – Insurance Journal https://ift.tt/2TNLHAd

Iowa’s Hy-Vee Grocery Warns of Security Problem With Credit Card Readers

An Iowa-based grocery store chain is warning customers about what it says is a security incident involving payment card systems. Hy-Vee said in a news release that it launched an investigation after it detected unauthorized activity on some of its … from News – Insurance Journal https://ift.tt/30jUNac

Texas A&M Forest Service Activates Airtanker Base to Help Combat Wildfires

In response to rising wildfire activity across the state, the Texas A&M Forest Service is opening the Austin Airtanker Base at Austin-Bergstrom International Airport. Significant fire activity has increased recently, particularly in northwest Texas, Central Texas and the Cross Timbers … from News – Insurance Journal https://ift.tt/33OExQT

California Workers’ Comp Bureau Submits Lower 2020 Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California on Tuesday submitted its Jan. 1, 2020, pure premium rate filing to the California Department of Insurance, proposing advisory pure premium rates that are an average of 5.4% less than the current … from News – Insurance Journal https://ift.tt/2NkLwLy

PG&E Will Face Jury Over Billions in Damages From Massive California Wildfire

Victims of the second-most destructive fire in California history will get a chance to try and persuade a jury that PG&E Corp. should pay them as much as $18 billion in damages. U.S. Bankruptcy Judge Dennis Montali on Friday lifted … from News – Insurance Journal https://ift.tt/33O51lu

CopperPoint in Arizona Names Fuchs Senior Vice President of Data Management

Phoenix, Ariz.-based CopperPoint Insurance Cos. has named Barb Fuchs senior vice president of data management. Fuchs will serve as the business lead for CopperPoint’s enterprise data warehouse program. She was most recently vice president of information management and analytics at … from News – Insurance Journal https://ift.tt/2TXvZmh

3 Steps to Building an Agency Growth Machine

How much did your agency grow last year? How about in the past five years? If your answer is anything less than 10%, then this article is for you. In it, I want to share with you three keys to … from News – Insurance Journal https://ift.tt/2Nl6oC8

Trial Begins Over Insurance for ‘Suspicious’ Boat Sinking Off New England Coast

A civil trial that began on Tuesday will determine whether insurance companies must cover an $85,000 claim from a Vermont man for his boat, which sank nearly three years ago off the New England coast. Insurers are refusing to pay … from News – Insurance Journal https://ift.tt/2TN4PhC

Connecticut Crumbling Foundations Superintendent to Step Aside

The veteran insurance consultant who has overseen the rollout of an assistance program for Connecticut homeowners with crumbling foundations says he’s stepping aside. Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Company, a captive insurance company created by the … from News – Insurance Journal https://ift.tt/31J45gm

Florida’s BKS-Partners Appoints Thompson to Managing Advisor

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has appointed Rich Thompson to managing advisor. Thompson joined BKS-Partners in 2015 as an Employee Benefits advisor. He is focused on partnering with clients … from News – Insurance Journal https://ift.tt/2Nl5Igo

Industry Flexes Political Muscle in States to Criminalize Aggressive Pipeline Protests

After protesters disrupted construction of an oil pipeline in North Dakota by chaining themselves to construction equipment and pitching tents along the route, oil and chemical companies found a way to keep it from happening again. They made it a … from News – Insurance Journal https://ift.tt/2Zc4vPH

Alabama Woman Sentenced for Embezzling More Than $600K from Fire Departments

A federal judge has sentenced an Opelika, Alabama, woman to prison for embezzling more than $600,000 from volunteer fire departments in Alabama. U.S. Attorney Jay E. Town said Wednesday that a judge sentenced 63-year-old Andrea Payne to 42 months for … from News – Insurance Journal https://ift.tt/2TLePIm

The Hilb Group Acquires Tennessee’s Mackie Financial Group

The Hilb Group LLC (THG) has acquired Tennessee-based Mackie Financial Group LLC (MFG). The transaction became effective August 1, 2019. MFG is a full-service agency primarily providing insurance for employee benefits, Medicare Supplemental/Advantage, individual life and annuities. As part of … from News – Insurance Journal https://ift.tt/2L0C6SD

The MEMIC Group Appoints Wilson as Senior Production Underwriter in Georgia

Workers’ compensation specialist The MEMIC Group has appointed Kim Wilson to the role of senior production underwriter to support continued growth in the Georgia market. Wilson has more than 15 years of experience in the insurance industry working for carriers … from News – Insurance Journal https://ift.tt/2HgTPUL

Blank Rome Hires Michael to Insurance Recovery Group in Washington D.C.

Blank Rome LLP has announced that Partner Helen K. Michael has joined the firm’s Insurance Recovery group based in its Washington, D.C., office. Michael joins from Kilpatrick Townsend & Stockton LLP, where she served as former co-chair of the firm’s … from News – Insurance Journal https://ift.tt/31UFNAb

Liberty Mutual Surety Taps Schrift to Develop Subcontractor Default Insurance Offering

Liberty Mutual Surety has appointed Douglas Schrift and charged him with developing the company’s Subcontractor Default Insurance (SDI) offering. SDI is a two-party catastrophic insurance coverage that protects general contractors from losses due to a subcontractor’s failure to perform during … from News – Insurance Journal https://ift.tt/30icln6

Companies Continue March Towards Robots; Orders Up 7.2% in First Half of Year

In the first half of 2019, the North American robotics market is up 7.2%. From January to June, North American companies ordered 16,488 robots, valued at $869 million. For all of 2018, orders totaled 28,478, which was 16 percent more … from News – Insurance Journal https://ift.tt/31QqqIK

Broker Expo: Largest broker survey reveals consolidation concerns

Brokers attending the event have shared their thoughts on M&A in the market ahead of the Expo on 7 November. from Insurer - insuranceage.co.uk https://ift.tt/2Z7etBK

Avid agrees sale of majority stake to Beech Tree

The private equity move sees co-founder Gary Edmondson leave the managing general agent. from Insurer - insuranceage.co.uk https://ift.tt/30iY8Xh

Number of Wildfires Down in Louisiana Over 10-Year Period

The number of wildfires in Louisiana has dropped significantly over the past decade, agriculture and forestry officials say. According to records, Louisiana Department of Agriculture and Forestry (LDAF) firefighters battled and suppressed 1,638 wildfires in 2008. In 2018, LDAF firefighters … from News – Insurance Journal https://ift.tt/2Z8tBio

2019 Planting Season Is Ohio’s Worst Weather Weather-Wise, USDA Says

U.S. Department of Agriculture numbers show Ohio farmers have been hit with the state’s worst weather-prevented planting season on record. The Columbus Dispatch reports the data released this week shows Ohio had the highest rate nationally of acreage on which … from News – Insurance Journal https://ift.tt/2ZgNQcL

West Bend Mutual Insurance Promotes Dunn, Ertmer, Jacques, Schwalen and Tighe

West Bend Mutual Insurance Co. in West Bend, Wisconsin, has promoted five company executives. Heather Dunn is now senior vice president, as well as chief financial officer, a position she’s held since 2017. Dunn joined West Bend in 2008 as … from News – Insurance Journal https://ift.tt/2YYpSUe

Michigan Manufacturing Facility Fined $32.5K After Worker’s Death

A suburban Detroit manufacturing facility has been fined after the death of an employee who fell into vat of sulfuric acid. The Detroit News reports the $32,500 fine was issued by the Michigan Occupational Safety and Health Administration, which completed … from News – Insurance Journal https://ift.tt/2P2LoCM

Lawsuit Accuses E-Cigarettes Makers of Targeting Kids, Deceiving Consumers

E-cigarette maker Juul Labs Inc. and Philip Morris USA Inc. were sued for illegally marketing nicotine-delivery devices to minors and deceiving consumers about the risks of vaping. The lawsuit was filed on behalf of a 19-year-old, Christian Foss, who says … from News – Insurance Journal https://ift.tt/33UxXbA

Putin Vows Russian Nuclear Accident That Killed 5 Scientists Poses No Further Risk

President Vladimir Putin said there’s no risk from the explosion at a Russian military facility that caused a radiation spike and killed at least five people. “There’s no threat there and no increase in the background” radiation following the blast, … from News – Insurance Journal https://ift.tt/2TK4vQM

Citing Wealth Gap, Business Roundtable CEOs Say Social Responsibility Matters

Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the … from News – Insurance Journal https://ift.tt/33UxV3s

Blank Rome Adds Calkins, Rylaarsdam and Edri in California

Blank Rome LLP has added Mary Craig Calkins, a partner, Daniel H. Rylaarsdam, of counsel, and Sarah L. Edri as an associate along with additional professional staff to the firm’s insurance recovery group. Calkins, Rylaarsdam and Edri are based in … from News – Insurance Journal https://ift.tt/2TMbSaf

Hub International Hires New Jersey’s Allain, Acquires His Book of Business

Hub International Limited, a global insurance brokerage, has hired disability insurance specialist Brian Allain and acquired his book of business. Based in Paramus, N.J., Allain provides group and executive disability product solutions to healthcare professionals. Further strengthening Hub’s Healthcare specialty … from News – Insurance Journal https://ift.tt/2P329xT

PES Up Against the Clock to Sell Philadelphia Refinery in Cash Crunch

Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to … from News – Insurance Journal https://ift.tt/2z5u717

Marsh’s Beresheim Joins Lockton to Lead Financial Services Specialty Practice

Insurance broker Lockton announced the addition of Devin Beresheim as executive vice president for Lockton Specialty Practices. Beresheim replaces Brian Kawamoto who retired last year. Beresheim will lead Lockton Financial Services and will build growth plans across Lockton’s specialty practices. … from News – Insurance Journal https://ift.tt/2KYeoq7

U.S. Investigating Lung Diseases Linked to e-Cigarettes

The U.S. Centers for Disease Control and Prevention is investigating a “cluster” of lung illnesses that it believes may be linked to e-cigarette use after such cases were reported in 14 states. The CDC said there was no evidence that … from News – Insurance Journal https://ift.tt/2L7ppFN

Russia’s Yandex Accelerates Driverless Car Testing

Yandex, a Russian equivalent to Google, said it is considering expanding its fleet of self-driving cars to up to 1,000 within the next two years in order to speed up tests on the fledgling technology. Yandex hopes to start testing … from News – Insurance Journal https://ift.tt/2KVMRp3

Novo Nordisk to Fight Danish Shareholder Lawsuit Seeking $1.75 Billion

Danish insulin-maker Novo Nordisk said it would fight a lawsuit filed in a Danish court on Friday which alleges the company made misleading statements about its insulin business in the United States, the company said in a statement. “Novo Nordisk … from News – Insurance Journal https://ift.tt/2P4dtK6

Tokio Marine Joins Singapore Insurtech Program

Japanese property/casualty insurer Tokio Marine Holdings announced a partnership with Plug and Play’s Insurtech program in Singapore. With this new partnership in Singapore, Tokio Marine will now have access to Plug and Play’s network and the opportunity to work with … from News – Insurance Journal https://ift.tt/2P6nCFW

FSCS set to compensate Alpha Insurance latent defect insurance policyholders

The body has stepped in after the collapse of the deal with BCR Legal Group. from Insurer - insuranceage.co.uk https://ift.tt/2Ngrwd2

THB pledges support for Fleet UK

The move follows Zurich’s exit from the scheme. from Insurer - insuranceage.co.uk https://ift.tt/33I2Ek6

Latest Ogden rate change will cost the industry over £160m

Insurers have revealed the impact from the change in the discount rate to -0.25%. from Insurer - insuranceage.co.uk https://ift.tt/2TKXTBS

Airbnb Settles Racial Discrimination Suit Brought by Oregon Women

Airbnb has settled a lawsuit brought by several Oregon women who said the site allowed vacation rental owners to discriminate against customers based on race. The Oregonian/OregonLive reports African American plaintiffs Pat Harrington, Carlotta Franklin and Ebony Price alleged that … from News – Insurance Journal https://ift.tt/33AWZw2

American Airlines Seeking Money from Unions for Flight Cancellations

Dallas-based American Airlines wants two labor unions to pay damages and the company’s attorney fees, saying they ignored a judge’s order to quickly end a work slowdown by mechanics. American hasn’t put a dollar figure on its request but says … from News – Insurance Journal https://ift.tt/2TSyOFb

Phoenix Fire Engine Crash Brings $25M Wrongful Death Claim

The mother of a woman killed in a crash involving a Phoenix Fire Department truck has filed a $25 million wrongful death claim against the city. The claim alleges negligence by the firefighters operating the truck and their supervisors. Killed … from News – Insurance Journal https://ift.tt/2KWDsgX

Edison International to Face Trial Over Woolsey Wildfire Claim in April

The first trial to determine if Edison International’s Southern California utility is liable for damages from the Woolsey wildfire that tore through Malibu last year will begin on April 27, a judge said. California Superior Court Judge William Highberger set … from News – Insurance Journal https://ift.tt/2MoiIlC

Flooded Mississippi River Still a Threat as Hurricane Season Heats Up

The river that drains much of the flood-soaked United States is still running far higher than normal, menacing New Orleans in multiple ways just as the hurricane season intensifies. For months now, a massive volume of water has been pushing … from News – Insurance Journal https://ift.tt/33Han1R

Texas Auto Burglary/Theft Prevention Fee Rises

The Texas Department of Insurance says recently passed legislation raises the fee insurers must pay to the state organization that works to prevent automobile burglaries and thefts. A new law also changes Automobile Burglary and Theft Prevention Authority (ABTPA) to … from News – Insurance Journal https://ift.tt/2TSx4M9

Report: Re/Insurers Are Reconsidering Risk Appetite for California Wildfires

S&P Global Ratings says 2020 reinsurance pricing in the aftermath of California wildfires will likely rise as re/insurers are finding 2017-2018 losses from wildfires in that state to be higher than expected. The California wildfires of 2017-2018, with insured losses … from News – Insurance Journal https://ift.tt/31MhQuI

Ohio’s Root Insurance Names Rosenthal CFO, Norelli Capital Markets Leader

Columbus, Ohio-based Root Insurance has appointed Daniel Rosenthal as the company’s new chief financial officer, effective Nov. 11, 2019. Additionally, Root said Lauren Norelli has joined the company as managing director of Capital Markets and Corporate Development. Current CFO Cindy … from News – Insurance Journal https://ift.tt/2HfLKzD

States Brace for Long-Term Flood Fight as Damages Mount

After devastating flooding this year, Iowa put $15 million into a special fund to help local governments recover and guard against future floods. Missouri allotted more money to fight rising waters, including $2 million to help buy a moveable floodwall … from News – Insurance Journal https://ift.tt/2MnWG2p

Illinois Insurance Agents Group Launches New Pre-Licensing Program

The Illinois Insurance Pre-Licensing Program, an education training program operated by the Independent Insurance Agents of Illinois (IIA of IL), is now available for Illinois professionals looking to enter the insurance industry and for agencies and companies looking to add … from News – Insurance Journal https://ift.tt/2KV14CK

Trump Administration Moves Ahead with Revised Truckers’ Hours Rules

The Trump administration took a key step Wednesday toward relaxing federal rules that govern the length of time truck drivers can spend behind the wheel, a move long sought by the trucking industry but opposed by safety advocates who warn … from News – Insurance Journal https://ift.tt/2Z4bnyw

One of 86 Victims Of California’s Deadliest Wildfire Identified

One of 86 people who were killed in the deadliest wildfire in California history has been identified. The Butte County Sheriff’s office said on Friday it positively identified the remains of 68-year-old Judith Sipher of Paradise. That brings the total … from News – Insurance Journal https://ift.tt/2NaWumN

Insurance Driving Up Total Cost of Risk for Businesses

Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average TCOR … from News – Insurance Journal https://ift.tt/2Z4biec

Two Florida Independent Insurance Agencies Join Renaissance Alliance Insurance Services

Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has announced that two Miami, Fla.-based independent insurance agencies have recently joined the Alliance. Gil & Associates Insurance Consultants Inc., a family-owned and operated independent agency established in 2004, … from News – Insurance Journal https://ift.tt/2Niwcz9

Deaths of Soccer Star Sala and Pilot Linked to Carbon Monoxide Leak in Plane

Argentine soccer player Emiliano Sala and his pilot were exposed to dangerous levels of carbon monoxide before their small plane crashed in the English Channel, killing them both, British accident investigators said Wednesday. A single-engine Piper Malibu aircraft carrying Sala … from News – Insurance Journal https://ift.tt/2H7VbRO

Olive Branch Residents Still Recovering Two Months After Flood

Frances Ivonne Brensdal woke up June 7 to find her Olive Branch home flooded after a night of record rainfall, which left her family and others displaced. She didn’t even know it was raining. “My neighbor called me at 2:30 … from News – Insurance Journal https://ift.tt/2Ndmazf

Prosecutors Allege Capital One Suspect Hacked 30 Other Companies

The Seattle woman accused of hacking into Capital One Financial Corp.’s cloud and stealing personal information on more than 100 million Americans also broke into servers of more than 30 other companies, the U.S. said in a request to keep … from News – Insurance Journal https://ift.tt/33NBYyu

Brown & Brown of Massachusetts Acquires Assets of Yozell

Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Yozell. Founded in 1960 by Peter Yozell, Yozell Associates strives to provide its customers with value in group employee and executive benefits products and services. Following … from News – Insurance Journal https://ift.tt/2TMFkNH

Hub International Limited Acquires Assets of Insurance Center of New England

Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Insurance Center of New England Inc. (ICNE). Terms of the transaction were not disclosed. With locations in Agawam and Gardner, Mass., ICNE is a locally owned, independent … from News – Insurance Journal https://ift.tt/2Z6J8dq

42% of $44 Billion Global Catastrophe Losses in First Half Were Insured: Swiss Re

Natural catastrophes and man-made disasters in the first half of 2019 were responsible for USD $44 billion of economic losses globally, according to Swiss Re Institute’s preliminary sigma estimates. This figure is well below USD $109 billion, the average first-half … from News – Insurance Journal https://ift.tt/2Z5Dus9

Woodruff Sawyer Adds New England Practice Leader Coady to Board of Directors

Woodruff Sawyer, a U.S. insurance brokerage, has announced that Sean Coady, senior vice president and New England practice leader, has joined the Board of Directors. Prior to joining Woodruff Sawyer, Coady was a co-founder of Capstone Insurance, an independent insurance … from News – Insurance Journal https://ift.tt/2Z2N8Qn

Walmart CEO Calls for Congress to Debate Assault Weapons Ban

In the wake of a mass shooting at a Walmart Inc. store, Chief Executive Officer Doug McMillon called for an assault weapons ban to be debated by Congress and said he’s encouraged by growing support for gun-control measures like background … from News – Insurance Journal https://ift.tt/2H7ZxrU