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Showing posts from June, 2020

UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator

LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the bloc’s chief Brexit negotiator Michel Barnier said on … from News – Insurance Journal https://ift.tt/3gkHXAl

Exclusive Coronavirus Survey: P/C Insurance Return to ‘Normal’ Office May Take Time

Many property/casualty insurance professionals, most of whom have been working at home during the pandemic, may need some convincing not only to return to an office anytime soon but also to engage in typical business activities with colleagues and customers. … from News – Insurance Journal https://ift.tt/3dQyEGx

Phone Use While Driving a 1st Offence in South Dakota on July 1

Drivers in South Dakota who use their cellphones can be pulled over and ticketed purely for that offense starting July 1. A new state law taking effect July 1 makes it a Class 2 misdemeanor to use a cellphone while … from News – Insurance Journal https://ift.tt/2VtyfDy

California Governor Orders Bars in 7 California Counties to Close

Gov. Gavin Newsom has ordered bars that have opened in seven California counties, including Los Angeles, to immediately close and urged bars in eight other counties to do the same, saying the coronavirus was rapidly spreading in those parts of … from News – Insurance Journal https://ift.tt/2BoofEP

Workers Killed in Industrial Accident at Colorado Cheese Plant

Two men were killed while working on a pipe extension project at a cheese plant in northern Colorado. Weld County Coroner Carl Blesch says 25-year-old Odaniz Javier Ortiz Quinones, of Greeley, and 47-year-old Joseph Jarvis Jr., of Greensboro, North Carolina, … from News – Insurance Journal https://ift.tt/38eFvbt

California Workers’ Comp Bureau Issues Report on Losses and Expenses for 2019

The Workers’ Compensation Insurance Rating Bureau of California has released its report on workers’ comp losses and expenses for 2019. Findings in the WCIRB report, 2019 California Workers’ Compensation Losses and Expenses, include: Medical losses paid in 2019 were $4.6 … from News – Insurance Journal https://ift.tt/2VvyPka

U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best

The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting results, according to a new AM Best report. Indeed, the … from News – Insurance Journal https://ift.tt/2Zl98ny

New York’s LiquidX Appoints Lynady as Managing Director

LiquidX has appointed Todd Lynady as managing director and global head of Insurance Sales and Business Development. In this newly created role, Lynady will be responsible for leading the firm’s sales, origination and business development strategy for LiquidX’s trade credit … from News – Insurance Journal https://ift.tt/2BPQ09a

Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients

American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transfer their upper middle market personal insurance … from News – Insurance Journal https://ift.tt/3dMoJld

New York Insurance Broker Arrested, Charged in $1M Fraud Scheme

A New York state insurance broker has been arrested and charged with wire fraud, attempted wire fraud and aggravated identity theft and is facing a maximum penalty of 20 years in prison. U.S. Attorney James P. Kennedy Jr. announced the … from News – Insurance Journal https://ift.tt/2CNd6O6

Boston Task Force Aims to Crack Down on Illegal Fireworks

Boston Mayor Marty Walsh has created a new task force aimed at cracking down on illegal fireworks amid an explosion of complaints. Walsh said the task force will include the mayor’s chief of civic engagement, the four at-large city councilors, … from News – Insurance Journal https://ift.tt/2Bg8zDL

Australia to Spend Nearly $1 Billion on Cyber Security During Next Decade

SYDNEY – Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defenses, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks. The announcement comes just … from News – Insurance Journal https://ift.tt/2BQQeNq

FCCI Insurance Names Welch President/CEO, Replacing Johnson Who Exited in May

FCCI Insurance Group’s board of directors has named Christina “Cina” Welch as president & CEO, replacing Craig Johnson who was terminated from his role in May 2020 after an incident with police in a Sarasota restaurant. Welch began her career … from News – Insurance Journal https://ift.tt/2NNsr3n

UK profit for Ecclesiastical slips to £20.4m

The results for 2019 showed a decrease in profits but GWP grew by 3.6% to £257m as broking division makes a loss. from Insurer - insuranceage.co.uk https://ift.tt/3eYIurr

Gefion enters liquidation after it loses insurance license

The troubled Danish provider says it is "disappointed" after Danish regulator refuses three-month extension to its recovery period forcing it into run-off. from Insurer - insuranceage.co.uk https://ift.tt/3gcE8wV

Potential New ‘Pandemic Virus’ Has Been Found in Pigs, Warns China Study

A new flu virus found in Chinese pigs has become more infectious to humans and needs to be watched closely in case it becomes a potential “pandemic virus,” a study said, although experts said there is no imminent threat. A … from News – Insurance Journal https://ift.tt/3dLLiXd

Car Crashes Deadlier During Global Lockdowns as Drivers Speed on Empty Roads

LONDON – Coronavirus lockdowns led to huge reductions in traffic and fewer car crashes this spring, but as drivers sped up on quieter roads, the collisions became deadlier in several cities, a Reuters analysis shows. In New York City, the … from News – Insurance Journal https://ift.tt/38i5VZZ

Essential Worker Shoulders $1,840 Pandemic Debt Due To COVID Cost Loophole

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Carmen Quintero works an early shift as a supervisor at a 3M distribution warehouse that ships N95 masks to a nation under siege from the coronavirus. On March 23, she had developed a severe cough, and her voice, usually quick and enthusiastic, was barely a whisper. A human resources staff member told Quintero she needed to go home. “They told me I couldn’t come back until I was tested,” said Quintero, who was also told that she would need to document that she didn’t have the virus. Her primary care doctor directed her to the nearest emergency room for testing because the practice had no coronavirus tests. Send Us Your Medical Bill Do you have an exorbitant or baffling medical bill? Join the KHN and NPR ‘Bill of the Month’ Club and tell us about your experience. We’ll feature a new one each month. Submit Your Bill The Corona Regional Medical Center is just around the corner from her house in Corona, California, and there a nurse tested her breathing and gave her a chest...

Mining Groups Should Be Required to Buy Insurance for Tailings Dams: Report

Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. The recommendations, … from News – Insurance Journal https://ift.tt/3iipyWn

Renaissance Alliance Insurance Services Adds 6 Agency Members in Florida

Renaissance Alliance Insurance Services, a membership alliance for independent insurance agencies, has added six independent insurance agencies to its Florida network. The new members include: AFG Insurance (American Fidelity Group) of Spring Hill, Fla. an independent agency offering a full … from News – Insurance Journal https://ift.tt/2CUuNeQ

Florida Restaurant Fined More Than $314K for Stealing Tips, Wages

Federal officials say a Florida restaurant chain with six locations has been fined more than $314,500 for taking employee tips and wages. The U.S. Department of Labor reported Friday that the Vietnamese chain Pho 79 “illegally diverted” federal overtime pay … from News – Insurance Journal https://ift.tt/3eLVaBK

West Virginia Trail Derailment Caused by Engineer Error: Report

An engineer error caused a CSX freight train to derail as it crossed the Potomac River near Harpers Ferry, West Virginia, sending two cars into the water and damaging a footbridge that is part of the Appalachian Trail, according to … from News – Insurance Journal https://ift.tt/2VrUCt2

North Carolina-Based BB&T Rebrands as Truist Insurance Holdings

BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, is officially now doing business as Truist Insurance Holdings, Inc. With $30 billion in premium in 2019, Truist Insurance Holdings is the fifth-largest insurance broker in the U.S. and sixth-largest in … from News – Insurance Journal https://ift.tt/3dHXBnr

Nationwide’s Transition to Independent Agency Insurance Company Complete

Nationwide says the process of transitioning the company to operate as an independent insurance agency carrier is complete, effective July 1. For the past 18 months, the Columbus, Ohio-based insurer has been working on the transition. The company says more … from News – Insurance Journal https://ift.tt/2Aj8RsU

Insurance Dept: Required Premium Relief Has Saved California Drivers $1.2B

California automobile insurance companies have agreed to provide $1.21 billion in savings to drivers, the state insurance department says. Insurance Commissioner Ricardo Lara in May issued an order requiring insurers to provide premium relief to policyholders affected by the COVID-19 … from News – Insurance Journal https://ift.tt/3ibtfgC

Starting July 2, Michigan Drivers Will Have New Insurance Choices

Michigan drivers who renew or buy car insurance face a choice starting July 2: stick with unlimited medical coverage, go with less or — for seniors with Medicare — opt out entirely. The decision, a signature feature of a new … from News – Insurance Journal https://ift.tt/2YJjyyo

As Florida Virus Cases Spike, Officials Shut Down Bars, Restaurants

The state of Florida set on Saturday another record in daily confirmed coronavirus cases. Florida health officials reported more than 9,500 new COVID-19 cases, surpassing the previous day’s total by more than 600 confirmed cases. The figures come as officials … from News – Insurance Journal https://ift.tt/3eKy6Dh

UBS Settles Lawsuit with Former Trainee Who Alleged Rape by Senior Employee

UBS Group AG settled a lawsuit brought by a former trainee in London who said she was raped by a senior employee, according to her attorney. The Swiss lender agreed to settle the claim after the trainee, who was identified … from News – Insurance Journal https://ift.tt/2CLTgmo

Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo

Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2. As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as underwriters. Brit … from News – Insurance Journal https://ift.tt/2Bee85A

Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk

The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change on their operations, saying that guidance published on Monday would be followed by targets next year. The guide drawn up … from News – Insurance Journal https://ift.tt/2BQXXe6

Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes

A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands, Germany and Denmark in heavy northwesterly storms … from News – Insurance Journal https://ift.tt/2NBYSC3

Data and Analytics Firm CoreLogic Weighs Unsolicited Acquisition Bid

Data and analytics firm CoreLogic disclosed it has received an unsolicited acquisition bid from an investment firm and hedge fund. Cannae Holdings and Senator Investment Group offered to acquire all outstanding common shares of the company for $65 per share … from News – Insurance Journal https://ift.tt/2AdaurY

Liberty Mutual Re Taps Steiner from RenRe for U.S. Casualty Treaty Team

Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Sara Steiner to the role of vice president and director of Assumed Reinsurance. Steiner is based in LM Re’s office in Stamford, Connecticut and reports to Thomas … from News – Insurance Journal https://ift.tt/2NFImB6

Police Say Maryland Man Charged in Church Arson Case

A Maryland man faces multiple arson-related charges after police say he confessed to setting fires at a church where investigators found a Molotov cocktail in a vestibule. David Francis Creager, 47, was detained Friday and admitted to setting fire to … from News – Insurance Journal https://ift.tt/3dKoVRU

Maine Reminds Reopening Businesses to Comply with Insurance Contract Terms

Maine Superintendent of Insurance Eric Cioppa has reminded business owners of the importance of complying with the terms of their insurance policies as they begin the reopening process. As businesses reopen, Cioppa said they should consider Governor Janet Mills’ COVID-19 … from News – Insurance Journal https://ift.tt/3gf1br3

RT Specialty Promotes Slaugenhoup to Vice President in Its New Jersey Office

RT Specialty LLC has promoted David M. Slaugenhoup to vice president within its Environmental and Construction Professional (RT ECP) practice. Since joining the team in 2013, Slaugenhoup has diligently worked with RT ECP customers nationwide to strategically manage the daily … from News – Insurance Journal https://ift.tt/3g6FOIf

Car premiums fall in Q2 amid Covid-19 lockdown

Consumer Intelligence says average motor premiums fell by 1.4% in the last three months, most likely as a result of fewer people driving during the pandemic. from Insurer - insuranceage.co.uk https://ift.tt/3g9mIRP

Government-Produced Flood Maps May Have Underestimated Properties at Risk

First Street Foundation, a nonprofit agency, is making accurate climate change-adjusted flood scores available for every property in the U.S. today. There are government-produced maps showing 8.7 million homes and properties at significant flood risk—and it turns out those may … from News – Insurance Journal https://ift.tt/31qvFlv

Chile’s Environment Regulator Files Charges Against Codelco for Mining Waste Pollution

Chile’s environmental regulator on Thursday said it had filed charges against state mining company Codelco over a 2016 tailings spill and river and estuary contamination at its Andina mine in a mountainous region near the capital Santiago. The Environmental Superintendent … from News – Insurance Journal https://ift.tt/3g5AYLp

MGAA names ex-One Commercial boss Mike Keating as new MD

Keating will take over from outgoing MD Peter Staddon in September. from Insurer - insuranceage.co.uk https://ift.tt/3ibBrgJ

Insurers accused of ‘dragging feet’ as extra FCA BI September trial dates mooted

The eight insurers involved in the test case are still on the hunt for their own expert evidence as a second trial in September is looking increasingly likely. from Insurer - insuranceage.co.uk https://ift.tt/2NGkg93

RKH Specialty Appoints 14 New Aviation Experts in London, Colombia

RKH Specialty, the London-headquartered wholesale insurance and reinsurance broker, announced the appointment of 14 new senior Aviation experts in London and Colombia, as part of RKH’s wider plan of building the largest independent logistics team incorporating its resources across aviation, … from News – Insurance Journal https://ift.tt/31DrxPt

Tesla Sued Over Highway Crash When Model 3’s Airbags Malfunctioned

Tesla Inc. was sued over a Maryland highway crash last year in which a Model 3’s airbags failed to deploy, leaving a college professor with brain damage. Elon Musk, the company’s co-founder, has touted the Model 3 as the “safest … from News – Insurance Journal https://ift.tt/3892dBU

Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources

Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S. footprint of Italy’s top insurer while enabling … from News – Insurance Journal https://ift.tt/2VuVTQd

The Liberty Company Insurance Brokers Adds Mehta in California

The Liberty Company Insurance Brokers has named Sanjay Mehta senior vice president. Mehta works out of the Irvine, Calif., office. He has more than 20 years of experience in the industry and was most recently at McGriff Insurance Services, and … from News – Insurance Journal https://ift.tt/2VoYgUn

Arthur J. Gallagher Acquires Cunnington & Associates in Idaho

Arthur J. Gallagher & Co. has acquired Meridian, Idaho-based Cunnington & Associates Inc. Greg and Nick Cunnington and their associates will continue to operate from their current location under the direction of Jim Buckley, head of Gallagher’s Northwest region retail … from News – Insurance Journal https://ift.tt/2ZlsUz9

Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California

Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire regions in California and across the United States. … from News – Insurance Journal https://ift.tt/2YHGWfF

Tennessee Refunds $2.2M to Insurance Consumers So Far in 2020

Tennessee consumers have been repaid over $2.2 million so far in 2020 through mediation efforts by the Tennessee Department of Commerce & Insurance’s (TDCI) that resulted in denied claims being overturned for policyholders, the department said in a statement. The … from News – Insurance Journal https://ift.tt/2Vsmmhe

Week Before Trump’s Visit, Wildfire Burns Near Mount Rushmore

South Dakota brought in more resources on June 25 to fight a wildfire burning near Mount Rushmore ahead of next week’s visit to the monument by President Donald Trump for Independence Day celebrations. The fire that started in Custer State … from News – Insurance Journal https://ift.tt/3g5gGSj

Missouri Appeals Court Upholds Owned-Vehicle Uninsured Motorist Exclusion

In Johnson v. State Farm Mutual Auto Insurance Company, Johnson appealed a Missouri trial court’s grant of summary judgment in favor of State Farm, which upheld an owned-vehicle uninsured motorist (UM) exclusion clause in two auto policies covering vehicles not … from News – Insurance Journal https://ift.tt/2ZrqcZl

Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner

Italy’s largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with Cattolica in several areas of mutual opportunity. Generali said it has committed to becoming a major shareholder, acquiring … from News – Insurance Journal https://ift.tt/3814Ky6

FCA BI test case ‘clear and present danger’ to brokers

Experts warn that brokers could find themselves under fire as insurers lean in intermediaries in defences. from Insurer - insuranceage.co.uk https://ift.tt/2YxO5Po

Obsidian Insurance Holdings Appoints Armstrong as Chief Client Officer

Obsidian Insurance Holdings Inc., a fronting insurance holding company, has appointed Stacy Armstrong as chief client officer. Armstrong is a senior executive with more than 25 years of insurance and reinsurance industry experience. Her new role will include responsibility for … from News – Insurance Journal https://ift.tt/2CKWFC3

Cybersecurity Firm Exposes Chinese Tax Software’s Malware That Accesses Users’ Networks

When a U.K.-based technology vendor started doing business in China, it hired a cybersecurity firm to proactively hunt for any digital threats that could arise as part of doing business in the country. The firm discovered a problem, one with … from News – Insurance Journal https://ift.tt/3i3moWs

Maryland Home Builder to Pay More Than $700K for Violating Consumer Protection Laws

Maryland Attorney General Brian E. Frosh has announced that his Consumer Protection Division issued a final order finding that Clark P. Turner and Clark Turner Homes LLC of Harford County violated Maryland’s Consumer Protection Act, New Home Deposits Act and … from News – Insurance Journal https://ift.tt/31hT8Fo

District of Columbia Sues 4 Oil Majors for Misleading Consumers on Climate Change

The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil Corp, BP Plc, Chevron Corp, and Royal Dutch Shell Plc for “systematically and intentionally misleading” consumers about the role their products play in causing … from News – Insurance Journal https://ift.tt/382cLmt

Lenders With the Best Climate Data Will Be in a Position to Discriminate: Viewpoint

We now live in a world where climate gentrification exists: People and institutions are starting to assess and appraise properties based on their susceptibility to climate impacts. The idea was largely hypothetical as recently as 2016, but over the past … from News – Insurance Journal https://ift.tt/2BcG5KW

Action Groups get go-ahead to intervene in FCA BI test case

Groups formed against Hiscox and QBE will “closely liaise” with the FCA but are not permitted to increase the scope of the test case. from Insurer - insuranceage.co.uk https://ift.tt/3g4xdG7

Canadian Privacy Panel Finds LifeLab’s Data Breach Was One of Biggest

Canadian laboratory testing company LifeLabs failed to adequately protect sensitive health information of millions of people, resulting in one of the biggest data breaches in the country last year, privacy commissioners for the provinces of British Columbia and Ontario said … from News – Insurance Journal https://ift.tt/3dEUrAS

SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator

The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU’s rotating presidency. Wirecard’s implosion on Thursday, … from News – Insurance Journal https://ift.tt/2YCZ8XP

Trump Administration Backs GOP Governors’ Supreme Court Bid to Repeal Obamacare

President Donald Trump’s administration has asked the U.S. Supreme Court to invalidate the Obamacare law introduced by his predecessor that added millions to the healthcare safety net but has been a major political controversy. Government advocate Noel Francisco argued in … from News – Insurance Journal https://ift.tt/2Nw9wtV

Mississippi Lawmakers Seek to Limit COVID-19 Liability to Businesses

The Mississippi Senate is working to limit lawsuits by customers who say they were exposed to the new coronavirus at businesses or medical offices. Senate Bill 3049 would shield businesses, health care providers, religious organizations and other entities from lawsuits … from News – Insurance Journal https://ift.tt/3816qrc

Washington Firefighters Prep for Wildfire Season Amid Pandemic

Washington state firefighters are preparing for a season of potential summer wildfires while adopting new health safety measures amid the ongoing coronavirus pandemic. The COVID-19 pandemic has added a new layer of uncertainty to the work of preparing for wildfire … from News – Insurance Journal https://ift.tt/3dAjPI2

California Adopts Workplace Safety Standards Protecting Nighttime Ag Workers

California has adopted new workplace safety standards to protect agricultural employees who work at night. These are reportedly the first lighting standards in the nation written specifically to protect agricultural workers who harvest, operate vehicles and do other jobs between … from News – Insurance Journal https://ift.tt/31pxzCO

Municipal Bond Insurance Industry Busier Than Ever After Decade-Long Slump

As the coronavirus pandemic rips through the finances of state and local governments, municipal-bond insurers are busier than they’ve been in years. Since early May, about 10% of new bond sales have been offered with insurance, nearly double the average … from News – Insurance Journal https://ift.tt/3g5M7fj

Even With $11 Billion Settlement, Bayer Still Has 30,00 Claims to Roundup

While Bayer AG said it took a major step toward wrapping up litigation over its Roundup weedkiller with a settlement of almost $11 billion, the company still faces about 30,000 unresolved cancer claims that could cost billions, and lawyers are … from News – Insurance Journal https://ift.tt/2CFBAZD

Chilean Union Workers Want Probe Into Coronavirus Deaths at Codelco Copper Mine

SANTIAGO— Unionized mine workers in Chile late on Wednesday demanded an investigation into the death of a third miner from coronavirus at state-run Codelco, increasing pressure on the world´s largest copper producer as cases soar throughout the South American nation. … from News – Insurance Journal https://ift.tt/3hWSovk

The Institutes to Add Insurance Information Institute to Its Affiliates Roster

The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed to affiliate with The Institutes, an expanding education, research, event and publishing organization that includes the CPCU Society. The boards … from News – Insurance Journal https://ift.tt/2CAR1Ci

21 Shipping Containers Fall Overboard off Hawaiian Islands

At least 21 shipping containers fell from overboard into the ocean near Hilo this week, the U.S. Coast Guard said. Nine of the 40-foot shipping containers were located and 12 remained missing, the Coast Guard said. The crew of the … from News – Insurance Journal https://ift.tt/2B281Bi

Family of Man Killed During Washington Traffic Stop Files $25M Claim

The family of a North Carolina man killed by a police officer during a traffic stop in Washington state filed a $28 million wrongful-death claim. The family of 26-year-old Said Joquin filed the claim against the city of Lakewood, its … from News – Insurance Journal https://ift.tt/2NyhliG

Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU

Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will underwrite middle-market commercial properties for wholesale broker clients. Formed in partnership with Scott … from News – Insurance Journal https://ift.tt/389Wufi

Reopening of Disneyland in California Delayed Beyond July 17

Walt Disney Co.’s reopening of theme parks and resort hotels in California will be delayed until Disneyland receives approval from the state, the company said on June 24. Disney had originally planned to reopen the Disneyland Park and Disney California … from News – Insurance Journal https://ift.tt/2B0NJrR

Washington D.C.’s Incapsulate Hires Siegel to Insurance Industry Team

Incapsulate has hired insurance veteran Stephen Siegel to its insurance industry team. For more than 25 years, Siegel has worked with companies in all segments of insurance including life, property and casualty, group, health and long term care. He serves … from News – Insurance Journal https://ift.tt/2VihU4K

Vermont Unemployment Insurance Decrease Aims to Help During COVID

Vermont businesses are going to be getting a break on the costs of their unemployment insurance, and people collecting unemployment benefits will be getting more money, Governor Phil Scott said Tuesday. Starting July 1, the Vermont Department of Labor will … from News – Insurance Journal https://ift.tt/2Nxn6Nu

Tolley to Lead Marsh’s New Sport, Entertainment & Media Group in UK, Ireland

Global insurance broker Marsh has created a dedicated Sport, Entertainment & Media (SEM) industry group in the United Kingdom and Ireland. Led by global events specialist Richard Tolley, the group brings together 60 client management, technical, placement and risk management … from News – Insurance Journal https://ift.tt/3fWTGof

Jewish Sleepaway Camp Operators Sue for New York Coronavirus Closures

A group of Jewish summer camp operators has filed a lawsuit against New York Governor Andrew Cuomo for his decision to keep overnight camps closed this summer due to the coronavirus pandemic. The Association of Jewish Camp Operators and a … from News – Insurance Journal https://ift.tt/3i449jw

Global Mining Standard Omits Ban on Upstream Dams Sought by Civil Groups

A sweeping global standard that sets out how the world’s largest miners care for waste dams falls short of measures environmental and civil society groups say are needed to avert future disasters, according to a copy of the final draft … from News – Insurance Journal https://ift.tt/2ZeYejo

Howden Broking Group Expands to Belgian Market; Kerremans Named CEO of Unit

London-based independent insurance broker Howden Broking Group reports it been granted its licence to operate in the Belgian market, further strengthening the Group’s presence in Europe. Herman Kerremans will lead this latest opening as CEO of Howden Belgium. Kerremans, previously … from News – Insurance Journal https://ift.tt/31fT9d5

Insurer Lemonade Seeks to Raise $286 Million in IPO

Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after COVID-19 put many … from News – Insurance Journal https://ift.tt/2CDgYRL

Ireland, Luxembourg Lag in Support for Policing EU Data Privacy Compliance

Ireland and Luxembourg, European headquarters to Google, Facebook, Twitter and Amazon, need a substantial boost in resources to deal with data breaches by U.S. tech giants, a European Union report said. The report by the European Commission, seen by Reuters, … from News – Insurance Journal https://ift.tt/3hZRNsQ

Bayer Gambles on Science to Let It Keep Selling Roundup, Mitigate Future Claims

FRANKFURT/NEW YORK— Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal experts said. The company on Wednesday … from News – Insurance Journal https://ift.tt/2VidlqY

Senators Propose ‘Scalpel, Rather Than Jackhammer’ to Reform Internet Liability

Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post. The legislation, titled the Platform Accountability and … from News – Insurance Journal https://ift.tt/3fRavRw

California Wants Judge to Force Uber, Lyft to Classify Drivers as Employees

California plans to ask a state court judge to force Uber Technologies Inc. and Lyft Inc. to classify their ride-hail drivers as employees rather than contractors, ratcheting up the tension over a new gig worker law. Shares of both companies … from News – Insurance Journal https://ift.tt/31sxNth

‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion

Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst accounting scandal. The implosion of the payments company came a week after auditor EY refused to sign off its 2019 … from News – Insurance Journal https://ift.tt/3eAoLhj

The Future of Work in America Is in the Office: Opinion

Ever since the coronavirus sent millions of people home to work, people have been predicting that remote work will endure after the pandemic is over. Color me skeptical. I can’t imagine everyone not wanting to race back into the office … from News – Insurance Journal https://ift.tt/2NpoRwq

Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case

Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings. from Insurer - insuranceage.co.uk https://ift.tt/2Z7G2I7

COVID-19 Could Rank Among Re/Insurance Sector’s Most Expensive Events: Carpenter

Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector’s most expensive events, according to a report issued by reinsurance broker Guy Carpenter. Not only does the pandemic have the potential … from News – Insurance Journal https://ift.tt/3fRGQri

Georgia County Hires Independent Firm to Test Water Wells for Coal Ash

county in Georgia has announced it’s hiring an independent firm to investigate possible coal ash contamination of residential water wells. An environmental consulting group will test wells of residents near Georgia Power Co.’s Plant Scherer in Juliette due to ongoing … from News – Insurance Journal https://ift.tt/2NrHTSN

United Insurance Holdings of Florida Appoints Peed as Chairman, CEO

The Board of Directors of United Insurance Holdings Corp., a property and casualty insurance holding company based in Florida, has appointed R. Daniel Peed as chairman of the board of directors and chief executive officer, effective July 1, 2020. Peed … from News – Insurance Journal https://ift.tt/2Nr1TVs

Arizona Man Accused of Selling LSD Sues for Wrongful Arrest

A Flagstaff, Ariz. man who was wrongfully arrested on suspicion of selling LSD has filed a federal lawsuit against the city, saying police ignored evidence that showed he wasn’t a drug dealer. Tremayne Nez, who is Navajo, spent more than … from News – Insurance Journal https://ift.tt/3ez0eZV

Cannabis Broker Spotlight: Boden With Crouse Went All-in on the Budding Industry

Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for … from News – Insurance Journal https://ift.tt/31gpQr0

FAA Issues Final Directive on Boeing 737 MAX Airplane Inspections

The Federal Aviation Administration (FAA) on Wednesday finalized a directive requiring airlines to complete inspections of a key component of Boeing 737 MAX airplanes that, if faulty, could result in a loss of power to the engines. The FAA, in … from News – Insurance Journal https://ift.tt/3hYjn9Z

Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic

According to Dorothy in the Wizard of Oz, there’s no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of people in other industries have been laid … from News – Insurance Journal https://ift.tt/2NyBLYN

Bayer to Settle 100,000 Roundup Weedkiller Cancer Claims for $10.9 Billion

FRANKFURT/NEW YORK- Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the … from News – Insurance Journal https://ift.tt/3dyqzGc

Palomar Holdings in California Proposing Public Offering of Common Stock

La Jolla, Calif.-based Palomar Holdings Inc. announced the underwritten public offering of 1 million shares of the company’s common stock, par value $0.0001 per share, to fund growth. Palomar Holdings Inc. also announced it has formed Palomar Excess and Surplus … from News – Insurance Journal https://ift.tt/3fRAWqj

Palomar Excess and Surplus Insurance Company Formed in Arizona

Palomar Holdings Inc. has formed Palomar Excess and Surplus Insurance Co. Palomar Holdings Inc. announced the underwritten public offering of 1 million shares of the company’s common stock PESIC has received all necessary regulatory approvals to operate as an excess … from News – Insurance Journal https://ift.tt/2Z8gyKT

Investment Manager Nephila Capital to Launch Lloyd’s Syndicate with ILS Specialty

Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based Nephila is the largest institutional asset manager dedicated to investing in natural catastrophe and weather risk. Nephila’s Syndicate 2357 at … from News – Insurance Journal https://ift.tt/2NsYSnU

U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon

Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance, according to Aon’s monthly Global Catastrophe … from News – Insurance Journal https://ift.tt/3hZbL6Y

Judge to Schedule Trial in Delaware Day Care Death Lawsuit

A Delaware couple who filed a wrongful death lawsuit after their infant son died at a home day care center has lost a bid to have a judge rule in their favor without a trial. Carlita and Charles Laws argued … from News – Insurance Journal https://ift.tt/2CvXrmc

Synagogue Shooting Victims Sue Smith & Wesson for Negligence

Firearms manufacturer Smith & Wesson Brands Inc. negligently marketed the AR-15 style semiautomatic rifle that was used in a 2019 mass shooting at a California synagogue, victims and survivors claim in a lawsuit. The company illegally designed and marketed its … from News – Insurance Journal https://ift.tt/3fUuRcy

Feds Charge Man with Setting Fires During Raleigh Protests

Federal authorities say that a North Carolina man is facing charges related to setting fires in two businesses in downtown Raleigh during protests against racism and police brutality. The Raleigh News & Observer reports that agents with the Bureau of … from News – Insurance Journal https://ift.tt/3hUOkvz

Florida Farmers Offer Reward After Watermelon Crop is Destroyed

A family of farmers in North Florida is seeking answers after a field of watermelons was sprayed with damaging chemicals. Hugh Martin told the Gainesville Sun his family is offering a $10,000 reward for information that helps lead to the … from News – Insurance Journal https://ift.tt/3eBD6dC

The Plexus Groupe Acquires Florida’s Community Insurance Group

The Plexus Groupe, a privately held broker, has acquired Community Insurance Group (CIG) of Brandon, Fla. This is the first entrance into the Florida market for Plexus, which has locations in Atlanta, Chicago, Dallas, Los Angeles and Oklahoma City. The … from News – Insurance Journal https://ift.tt/2YrGVwe

Alliant Hires Schoenberg as Co-Leader of Its Mergers & Acquisitions Division

Alliant has hired Dan Schoenberg as co-leader of Alliant Mergers & Acquisitions. Schoenberg has experience in representations and warranties insurance, tax insurance and litigation insurance, as well as insuring other contingent risks in M&A and non-M&A-related situations. Based in New … from News – Insurance Journal https://ift.tt/3ewoImP

World Insurance Associates Acquires New York’s Millennium Medical Solutions Corp.

World Insurance Associates LLC (WIA) acquired Millennium Medical Solutions Corp. of Armonk, N.Y., on June 1, 2020. Terms of the transaction were not disclosed. Millennium Medical Solutions Corp. is an employee benefits consulting boutique agency that specializes in commercial healthcare. … from News – Insurance Journal https://ift.tt/2Z0axQi

Arthur J. Gallagher & Co. Acquires Florida’s Barrett, Liner & Buss

Arthur J. Gallagher & Co. has acquired Ocala, Fla.-based Barrett, Liner & Buss LLC. Terms of the transaction were not disclosed. Founded in 1981, Barrett, Liner & Buss offers a range of employee benefit solutions to Florida employers representing a … from News – Insurance Journal https://ift.tt/2YtLs11

Judge Sides with Trump Over Hospitals on Price Disclosure Rule

A federal judge on Tuesday dismissed a challenge by hospital groups to a federal rule requiring them to disclose prices they quietly negotiate with insurers, in a victory for White House efforts to make healthcare pricing more transparent to patients. … from News – Insurance Journal https://ift.tt/2Z28J9C

Hiscox Action Group attempts to join FCA BI test case

Group u-turns on desire to be part of FCA case as Hiscox continues to assess its separate arbitration claims. from Insurer - insuranceage.co.uk https://ift.tt/2NpGpZd

More Than 10,000 People Join Lawsuit Against EasyJet for Massive Data Breach

EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million passengers. More than 10,000 people have joined the suit since it was filed last month, according to law firm PGMBM. … from News – Insurance Journal https://ift.tt/2V9MTzG

Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation

A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring deforestation in the Amazon rainforest. The investors, led by … from News – Insurance Journal https://ift.tt/3fUWm60

UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources

Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services, leaving just six months before a potentially messy UK exit, financial industry and EU officials say. Britain left the EU … from News – Insurance Journal https://ift.tt/2Vayu6b

Tropical Storm Dolly Becomes 4th Named Storm with Early Start to Hurricane Season

Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the third-fastest start to a storm season in more than a century. The system’s winds reached 45 miles (72 kilometers) per … from News – Insurance Journal https://ift.tt/2YrP0ko

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt

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The notice from the Virginia tax department puzzled a Charlottesville couple last October. It said their state income tax refund had been reduced because of an outstanding medical debt to the University of Virginia Medical Center. Instead of $220, they got $110. Mystified, they contacted UVA for details about the unpaid bill. The answer astonished them. The medical center had asked the tax department to withhold the money for medical care their son received in 2001 and 2002. Jane Collins and Anthony Blow received a notice last year from the Virginia tax department, which reduced their state income tax refund to offset outstanding medical debt. (Courtesy of Jane Collins) “The amount is not the issue; it’s this whole idea that you can go after something that is so old,” said Jane Collins. “Maybe technically you are entitled to that money, but do you mean to tell me you can go into the deep recesses of your computer and now you’re going to take this?” Initially, Collins couldn’t rem...

Minor League Baseball Teams Sue Insurers for Coronavirus Business Income Losses

Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of “much or all” of the league’s season as a result of the coronavirus pandemic, according to … from News – Insurance Journal https://ift.tt/3dxdBIS

Rival Wholesale Brokers Ryan Specialty Group and All Risks Agree to Merge

Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach, Florida, which has close to $2.6 billion … from News – Insurance Journal https://ift.tt/2VeIsnd

Berkley One Launches Recreational Marine Product, Enhances Other Offerings

Berkley One has launched a recreational marine product and made other product enhancements in five states. Recreational Marine insurance, already offered by Berkley, has been relaunched through Berkley One with new technology and coverage innovations. According Kathy Tierney, president of … from News – Insurance Journal https://ift.tt/31bJggk

California Workers’ Comp Classification Inspection Report Expanded for Agents

The Workers’ Compensation Insurance Rating Bureau of California is expanding its Special Inspection Report program to allow agents and brokers to request a WCIRB physical inspection of their clients’ California business operations. The new service, which goes into effect July … from News – Insurance Journal https://ift.tt/2VdfBjd

New Trial Ordered in Suit Against Contractor Over Nebraska Library Sprinkler Damage

Wahoo city officials will get another chance to try to prove a contractor’s negligence after a sprinkler system in their local library burst and caused an estimated $160,000 in damage, the Nebraska Supreme Court said. The court ordered a new … from News – Insurance Journal https://ift.tt/318vgUI

Cannery Workers in California Forced Into Hotel Quarantine Without Pay, Lawsuit Says

About 150 seasonal workers hired by a salmon cannery in Alaska are being forced to quarantine without pay at a hotel in Los Angeles after three of them tested positive for the coronavirus, a lawsuit claims. The workers, most of … from News – Insurance Journal https://ift.tt/2VbeRek

Disneyland Workers in California Say Proposed July Reopening May Be Too Early

Unions representing 17,000 workers at Walt Disney Co.’s Disneyland Resort in California have told the state’s governor they are not convinced the theme park will be safe enough to reopen by the company’s July target date. In a letter to … from News – Insurance Journal https://ift.tt/2YVJqWA

Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study

Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm to $57,000, according to an international survey commissioned by insurer Hiscox. Total cyber losses among the study group rose from … from News – Insurance Journal https://ift.tt/2CCvp8V

Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks

In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of breath. Regulators responding … from News – Insurance Journal https://ift.tt/2Vr4pQj

Fireworks Blamed for Fire That Destroyed New York Apartment Building

Fireworks may have started a fire that destroyed a three-story apartment building in Yonkers, injured 12 firefighters and left six families homeless, a fire department official said Sunday. The Journal News reported that more than 100 firefighters responded to the … from News – Insurance Journal https://ift.tt/37VsPGu

North Carolina Electric Distributor Cited for Safety Hazards at Florida Worksite

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Florida Progress LLC, operating as Duke Energy Florida LLC, for exposing employees to excavation hazards at a Zephyrhills, Fla., worksite. The Charlotte, N.C.-based electric power distributor faces … from News – Insurance Journal https://ift.tt/3hWFjlC

UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions

UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing its debt with a 1.575 billion pound … from News – Insurance Journal https://ift.tt/3ds43iv

Pennsylvania’s Erie Insurance Names Habursky Senior VP, Chief Investment Officer

Erie Insurance has named Ronald Habursky as senior vice president and chief investment officer, effective July 2. Habursky joined Erie Insurance in 1999 as a fixed income securities analyst, was promoted to alternative investment analyst in 2000, and later to … from News – Insurance Journal https://ift.tt/37SwTHD

LGBTQ Employees Still See Equality Gaps After Supreme Court Ruling on Firing

Even with this week’s Supreme Court ruling, the workplace will be far from equal for lesbian, gay, bisexual and transgender Americans. While the nation’s highest court says you can’t be fired for your sexual orientation or gender identity under the … from News – Insurance Journal https://ift.tt/2zVGUHk

Global Risk Solutions Hires Wiswell, Daneman as Executive General Adjusters

Global Risk Solutions Inc., a provider of claims adjusting and environmental risk management solutions, has expanded its marine claims capabilities with the addition of two claims executives. Peter Wiswell and Joe Daneman have joined Global Risk Solutions’ Environmental Risk Management … from News – Insurance Journal https://ift.tt/2CtrOJX

Bullying and Harassment Increase for Some Workers in Pandemic Lockdown: Opinion

Working from home should have liberated employees from toxic workplace behavior such as bullying and harassment. Amid the lockdowns, gone are undesired office encounters, business trips, round-the-clock conferences and much after-hours socializing. Yet, far from ending misconduct, the pandemic lockdowns … from News – Insurance Journal https://ift.tt/3fQFMnL

Bayer Reported to Be Near $8-10 Billion Roundup Settlement: Handelsblat

Bayer AG is close to agreeing a settlement worth $8-10 billion over claims its glyphosate-based Roundup weedkiller causes cancer, German business daily Handelsblatt reported on Tuesday. The company’s supervisory board was due to discuss and vote on the settlement, which … from News – Insurance Journal https://ift.tt/2Z1Y3HL

Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall

Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy for nine days of rain that occurred during Tropical Storms Amanda and Cristobal. The policy was triggered by rains that … from News – Insurance Journal https://ift.tt/318FCUI

Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion

FRANKFURT – Former Wirecard Chief Executive Markus Braun has been arrested on suspicion of falsifying company revenue to make it appear stronger and more attractive for investors and customers, prosecutors said in a statement on Tuesday. Wirecard had said on … from News – Insurance Journal https://ift.tt/2B1l6dW

Beazley launches cancellation cover for virtual events

Provider predicts virtual events will continue after Covid-19 lockdown eases. from Insurer - insuranceage.co.uk https://ift.tt/2NjKmyH

Euler Hermes hires new RICC director for UK and Ireland

Andrew Hodson moves across from the Allianz-owned insurer's Paris office. from Insurer - insuranceage.co.uk https://ift.tt/3hTBGNu

A Picasso, an $18M Hole, a Casino Owner, an Auctioneer, an Insurer and a Contractor

Insurance specialist LeConte Moore and professional fine art appraiser Vincent Wiener deal with high-profile performers and artists and their works so hearing talk of big dollar figures is not unusual. Moore says he and his insurance colleagues are not surprised … from News – Insurance Journal https://ift.tt/2V6JyS8

U.S. Court Nixes Cancer Warning on Bayer’s Roundup Weed Killer

A U.S. federal appeals court on Monday blocked California from requiring that Bayer AG label its glyphosate-based weed killer Roundup with a cancer warning, handing the company a victory in its ongoing litigation over the product. In his ruling, U.S. … from News – Insurance Journal https://ift.tt/2V94yYu

Relation Insurance Acquires Summers Thompson Lowry of North Carolina

Relation Insurance Services, a privately owned insurance brokerage that offers property and casualty, risk management, employee benefits, and TPA-consulting services through its family of brands across the United States, has acquired Summers Thompson Lowry, Inc., a privately owned insurance brokerage … from News – Insurance Journal https://ift.tt/3g0Npbt

West Virginia Mayor Accused of Taking Flood Relief Money

A mayor in West Virginia is accused of taking federal flood relief funds intended for her city and paying herself extra money for working with a flood recovery team. Richwood Mayor Chris Drennen was indicted on federal felony charges June … from News – Insurance Journal https://ift.tt/3dxqzqh

Hiscox, Thimble to Offer Short-Term Business Insurance Plans

Hiscox has partnered with Thimble, a short-term liability insurance provider for small businesses, to offer coverage available by the hour, day or month. The partnership will allow Hiscox to give businesses flexibility, with customers having control of their policy via … from News – Insurance Journal https://ift.tt/2B1Is2X

Tennessee Plumbing Company Hit with Penalties for Labor Violations

A Tennessee plumbing company has been ordered to pay back wages, damages and civil penalties for violating federal requirements related to overtime, record keeping and child labor laws, the U.S. Department of Labor said. The department said Tim Jurisin Plumbing … from News – Insurance Journal https://ift.tt/2zUuAqM

Life Care Accused of Retaliation Against Nursing Home Staffers Who Spoke to Reuters

A nursing home owned by Life Care Centers of America Inc. has fired one nurse and banned another from the premises after the two were quoted in a Reuters investigation detailing horrific conditions, a staff exodus and a botched management … from News – Insurance Journal https://ift.tt/2V6NT7L

Beazley Launches Contingency Policy Covering Virtual Event Organizers

Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The insurer acknowledged that streaming live events is not new but the policy responds to an … from News – Insurance Journal https://ift.tt/3hTi1Nu

New Jersey Manufacturer Fined for Failing to Correct Machine Hazards

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Bravo Pak Inc. for failing to abate hazards at its Pennsauken, N.J., facility. The company owes $259,760 in penalties. In June 2019, OSHA cited the shipping supplies … from News – Insurance Journal https://ift.tt/37RLW4n

Gym Reopening Order Declined Amid Challenge to New Jersey Governor

A federal judge has declined to allow a southern New Jersey gym to reopen as it continues a constitutional challenge to the state order that shut down businesses deemed non-essential in order to help stem the spread of the coronavirus. … from News – Insurance Journal https://ift.tt/2Z1YPoa

EverQuote Hires Connolly as Senior Vice President of Agency Sales

EverQuote Inc, an online insurance marketplace, has hired Mike Connolly as senior vice president of Agency Sales and Customer Success. Connolly joins EverQuote from CarGurus, where he led their North American sales and service organizations. Prior to CarGurus, he helped … from News – Insurance Journal https://ift.tt/3fOjG5m

UK General returns to Primary Group

The organisation sold UK General to JC Flowers back in 2017 and the fresh deal sees management changes. from Insurer - insuranceage.co.uk https://ift.tt/3en9FeY

China Says Food Unlikely to Be Cause of New Virus Outbreak, but Blocks Tyson Imports

China suspended poultry imports from a Tyson Foods Inc. plant where hundreds of employees tested positive for Covid-19, stoking concerns over the broader implications for U.S. and global meat exports. All products from the plant in Springdale, Arkansas, where Tyson … from News – Insurance Journal https://ift.tt/2Yno1GT

Brokerslink Network Continues African Expansion with Tunisian Broker

Brokerslink announced a further expansion of its footprint in Africa with Tunisian brokerage Karé Kamoun becoming the latest affiliate to join the global broking business. The Tunis-based insurance and reinsurance broker, specializes in core lines of business in Tunisia including … from News – Insurance Journal https://ift.tt/2APT8C1

NMU unveils new cargo product

Insurer says new offering provides enhanced levels of cover and a simplified claims process for the lower value losses. from Insurer - insuranceage.co.uk https://ift.tt/2NlwN1K

FCA announces permanent CEO

Nikhil Rathi joins from the London Stock Exchange and will be paid £455,000 a year. from Insurer - insuranceage.co.uk https://ift.tt/2YkBKho

UK Insurer Saga Refunds £44M to Customers on COVID-19 Travel Interruptions

Saga has refunded 44 million pounds ($54.45 million) of advance payments to customers whose travel was interrupted by the coronavirus outbreak, the British over-50s holidays and insurance specialist said on Monday. The company, which has canceled all travel departures up … from News – Insurance Journal https://ift.tt/37Sct17

Governor Signs Louisiana Bills Shielding Businesses from Virus Lawsuits

Louisiana businesses are receiving state protection from most lawsuits involving COVID-19 deaths or injuries, after Gov. John Bel Edwards signed into law a package of measures that provides the sweeping liability limitations. Three Republican-sponsored bills offering the lawsuit shields won … from News – Insurance Journal https://ift.tt/3eouYgi

Louisiana Lawmakers Block Bill Allowing Lawsuits Against Officers

A Louisiana lawmaker’s effort to eliminate police officers’ wide immunity from lawsuits and allow people injured by law enforcement to sue for damages in civil court was shelved by Republicans on a state House committee. The House civil law committee … from News – Insurance Journal https://ift.tt/3dopoci

No Aid for South Dakota Residents After Sinkhole Collapse, FEMA Says

Several South Dakota residents who evacuated from their homes after a sinkhole collapsed, exposing an abandoned mine, in April are not eligible to receive federal aid, according to the Federal Emergency Management Agency. FEMA told Sen. Mike Rounds in a … from News – Insurance Journal https://ift.tt/2YW35pd

Allstate: May 2020 Catastrophe Losses Mostly in Midwest, Texas

Allstate says severe weather events in Texas and the Midwest account for the majority of its $350 million in catastrophe losses in May 2020. Northbrook, Illinois-based Allstate Corp. has estimated catastrophe losses for the month of May of $350 million, … from News – Insurance Journal https://ift.tt/37WQmHa

Wisconsin to Insurers: Give Restaurants 10-Day Notice on Expiring Delivery Coverage

Wisconsin Insurance Commissioner Mark Afable has asked insurers that provided coverage under personal auto policies for food delivery services during the COVID-19 pandemic to help restaurants by giving the businesses at least 10 days written notice if their hired and … from News – Insurance Journal https://ift.tt/2AVfbHa

Online Used Car Retailer Shift Talking Merger With Blank-Check Firm Insurance Acquisition

Shift Technologies Inc., an online retailer for used cars, is in talks to merge with blank-check company Insurance Acquisition Corp., according to people familiar with the matter. The companies could announce a transaction within a month, said the people, who … from News – Insurance Journal https://ift.tt/37Mmihk

Colleges Asking Returning Athletes to Sign COVID-19 Risk Forms

Ohio State calls it the Buckeye Acknowledgment and Pledge, a two-page document the school asked its athletes to sign before they could begin using team facilities during the pandemic. The document SMU is requiring its athletes to sign is much … from News – Insurance Journal https://ift.tt/3fJcnMc

Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering

Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme of “sham” claims by the law … from News – Insurance Journal https://ift.tt/2Yml2hK

AmTrust Exec Launches Commercial Crime Product for Businesses

AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses. The monoline commercial crime product covers loss from employee and third-party theft of … from News – Insurance Journal https://ift.tt/2V1JVx6

North Carolina Lawmakers Send Bill to Allow More Business Re-Openings to Governor

North Carolina legislators sent another bill on Thursday to Democratic Gov. Roy Cooper designed to overturn parts of his executive order for COVID-19 that’s kept several types of retail businesses shuttered for months. The General Assembly finalized a measure to … from News – Insurance Journal https://ift.tt/2BpmgzM

Worker Injured at Georgia Pyrotechnic Plant Previously Cited for Safety Violations

An explosion and flash fire badly burned the head, face and hands of a worker at a pyrotechnic plant in Georgia, an official said. The unidentified employee at Pyrotechnic Specialties, Inc. in Byron was airlifted June 17 to a hospital … from News – Insurance Journal https://ift.tt/2CmbB9o

Florida Congresswoman Requests Longer Hurricane Season

Even though the six-month Atlantic hurricane season lasts as long as a typical Major League Baseball season, a Florida congresswoman thinks it needs to be longer. Democratic U.S. Rep. Stephanie Murphy sent a letter to the National Oceanic and Atmospheric … from News – Insurance Journal https://ift.tt/3ez5j4o

China Finds Coronavirus Contamination in Seafood and Meat in Beijing Food Market

China has found the trading sections for meat and seafood in Beijing’s wholesale food market to be severely contaminated with the new coronavirus and suspects the area’s low temperature and high humidity may have been contributing factors, officials said on … from News – Insurance Journal https://ift.tt/3eckhgJ

Judge Halts Limit on California Governor’s Emergency Powers

An appellate judge on Wednesday stayed a lower court’s order barring Gov. Gavin Newsom from issuing directives that might conflict with state law, freeing him to take additional executive actions during the coronavirus pandemic. Sutter County Superior Court Judge Perry … from News – Insurance Journal https://ift.tt/3fGwURG

What It Takes for a New Insurance Agent to Succeed

Developing young talent to become successful young agents is not easy. Chris Burand, president of Burand & Associates, an insurance agency consulting firm, estimates that the new producer failure rate is as high as 70% to 80%. Other estimates have … from News – Insurance Journal https://ift.tt/2NbsMg9

Hotels’ Coronavirus Recovery Offerings Include Robots, Purifiers, Nonstop Elevators

Set in the kelly-green hills of Ireland’s County Clare, Dromoland Castle is the type of getaway that never sits empty. Why would it, with a pampering spa tucked behind 16th century walls, a par-72 championship golf course, and more stars … from News – Insurance Journal https://ift.tt/37HpI4I

Trident Marine Managers Hires Smith, Opens Boston Office

Trident Marine Managers (TMM), a managing general underwriter for the specialty marine and offshore energy industries and a part of Ryan Specialty Group (RSG), has appointed Clarke Smith as director of Underwriting. This move was announced simultaneously along with the … from News – Insurance Journal https://ift.tt/37HrXoV

The Hartford Hires Steinberg as Head of Wholesale Property for Navigators

The Hartford has hired William H. Steinberg as head of wholesale property for Navigators, a brand of The Hartford. Steinberg reports to Vince Tizzio, head of the Global Specialty business at The Hartford. As head of wholesale property, Steinberg will … from News – Insurance Journal https://ift.tt/2Yd8EAu

High Court to Decide Lawsuit Seeking End to Pennsylvania Disaster Order

Pennsylvania’s highest court on Wednesday granted the Democratic governor’s request and took over a lawsuit by legislative Republicans that could end his pandemic shutdown order. The Supreme Court announced it will decide the case filed by Senate Republicans, seeking to … from News – Insurance Journal https://ift.tt/2BhG08p

Ex RSA Ireland CFO O'Connor fined €70,000 and banned for 8 years

Action follows the provider's failure to maintain sufficient technical reserves between February 2010 and September 2013. from Insurer - insuranceage.co.uk https://ift.tt/3hPzDtZ

Swiss Re’s Chief Underwriting Officer Schmid Is Stepping Down, Succeeded by Léger

Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life businesses. Léger succeeds Edouard (Edi) Schmid, who has decided to … from News – Insurance Journal https://ift.tt/3fyJ92q

Some Facts About London’s Role in Insuring the Atlantic Slave Trade

London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism. This reappraisal was triggered by the death of George Floyd, a black man who died after a … from News – Insurance Journal https://ift.tt/3ek0RGW

UK Broker Awards: Shortlist revealed

The event received more entries than ever before as Insurance Age celebrates the best in broking. from Insurer - insuranceage.co.uk https://ift.tt/2zM3uSP

State-Based Hackers Target Australia Government, Critical Infrastructure: Prime Minister

Australia’s government, health and education services and various industries are being targeted by sophisticated state-based cyber attacks, Prime Minister Scott Morrison said Friday. Morrison said that while the threat wasn’t new, the frequency of the attacks had been increasing over … from News – Insurance Journal https://ift.tt/3esX2PP

Broker Week: Getting on with it

As part of Applied Broker Week, Biba's Graeme Trudgill stands up for the brokers who have worked through the Covid-19 crisis with aplomb and insight. from Insurer - insuranceage.co.uk https://ift.tt/37FaIoa

Nitsche Named Chair of Independent Insurance Agents of Texas’ Board

Robert Nitsche, CEO of the Giddings, Texas-based independent insurance agency The Nitsche Group, has been appointed chair of the board of directors for the 2020-2021 year by the Independent Insurance Agents of Texas (IIAT). Nitsche was installed as chair of … from News – Insurance Journal https://ift.tt/2zO9p9W

Haley Appointed Chief Risk Officer at Educators Insurer Horace Mann in Illinois

Horace Mann Educators Corp., headquartered in Springfield, Ill., has appointed Vice President Paul Haley as chief risk officer. Haley has led risk assessments for the company’s business development efforts since 2018. Haley’s insight into Horace Mann’s business strategy and actuarial … from News – Insurance Journal https://ift.tt/3ehHj5J

Oklahoma Court Says Home Warranty Contract Is Insurance, Nixes Forced Arbitration

A home warranty contract is an insurance contract. That’s the conclusion of the Oklahoma Supreme Court in a case in which the plaintiffs challenged a mandatory arbitration provision in a home warranty contract, maintaining such provisions are not legal under … from News – Insurance Journal https://ift.tt/2YMgS1L

New Law Expands Access to Medical Marijuana in Louisiana

More Louisiana residents will have access to medical marijuana under a significant expansion of the state’s therapeutic cannabis program that was signed into law by Gov. John Bel Edwards. The changes in the law, which take effect in August, allow … from News – Insurance Journal https://ift.tt/3dejKtr

Ohio May Force GM to Repay $60M in Incentives after Plant Shut Down

Ohio officials are considering forcing General Motors to repay $60 million in public incentives because of its decision to close a massive assembly plant near Youngstown. At issue is an economic development deal from more than a decade ago that … from News – Insurance Journal https://ift.tt/2V0EcI1

Bold Penguin Partners with Ohio’s State Auto on Commercial Insurance

Bold Penguin, a commercial insurance technology provider, has added Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) to its platform, expanding its commercial auto insurance offering launched in March 2020. This integration allows users of Bold Penguin’s platform access … from News – Insurance Journal https://ift.tt/2zPkBmM

Insurers Alert to Avoiding Legionnaire’s Disease Outbreaks as Buildings Reopen

Commercial insurers are scrutinizing building managers’ efforts to avoid outbreaks of Legionnaires’ disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the coronavirus pandemic, industry sources told Reuters. Legionnaires’ disease is … from News – Insurance Journal https://ift.tt/3hLz1FI

Marsh, AXA XL Launch Usage-Based Delivery Coverage for Businesses

Marsh, the world’s leading insurance broker and risk advisor, has launched Marsh deliveryPRO, a customizable insurance product designed to make it more efficient for U.S. businesses to meet the increased demand for same-day delivery of their products. Many grocers, delivery … from News – Insurance Journal https://ift.tt/2YMgUXr

Beazley, Vizient Insurance Services to Offer Active Shooter Coverage

Beazley has established a contracted relationship with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer active shooter coverage. This coverage is available immediately to Vizient members. Under the terms of the agreement, the policy includes prevention and … from News – Insurance Journal https://ift.tt/2Ygaf8N

Texas’ Bexar County Orders Face Mask Use to Fight COVID-19; Fines Possible

Officials in the San Antonio area have ordered people to wear face masks in public when social distancing isn’t possible and warned that businesses could face fines of up to $1,000 for failing to comply with county health policies in … from News – Insurance Journal https://ift.tt/37OMKqE

US Assure to Issue Residential Builders Risk Policies Via New Online Application

US Assure, the program administrator for the Builders Risk Plan insured by Zurich, has launched XPressBIND, an online application that gives agents the ability to quickly issue residential builders risk policies. The application allows agents to quote and issue builders … from News – Insurance Journal https://ift.tt/3ddCZmT

S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’

S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and issuer credit ratings. The outlook revision reflects S&P’s view … from News – Insurance Journal https://ift.tt/2UW2Fhw

MEMIC to Distribute Early $17M Dividend for Eligible Maine Policyholders

In recognition of economic stress being experienced by many of its 18,000 Maine workers’ compensation insurance policyholders, Portland, Maine-based MEMIC’s board of directors has authorized the immediate distribution of a $17 million dividend to eligible employers. The 2020 MEMIC dividend … from News – Insurance Journal https://ift.tt/2Z1sGNR

Plymouth Rock Hires Kordes, Announces Changes to Massachusetts Team

Plymouth Rock Assurance has hired Charlie Kordes as vice president of Direct Marketing for its direct-to-consumer auto insurance business. In this newly created role, Kordes will be responsible for advancing Plymouth Rock’s direct marketing operations and organizational practices in its … from News – Insurance Journal https://ift.tt/2UUbI2q

Renaissance Alliance Expands Its New England Insurance Company Network

Renaissance Alliance Insurance Services, a Wellesley, Mass-based membership alliance for independent insurance agencies, has been newly appointed by two insurance companies – Arbella Insurance and Vault Reciprocal Exchange. This serves to expand the carrier network available to Renaissance Alliance’s members, … from News – Insurance Journal https://ift.tt/37I6wUp

U.S. Automakers Revving Up Production, Stressing Covid Safety at Work and Home

Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face outside. Screening workers for COVID-19 using temperature scans and … from News – Insurance Journal https://ift.tt/2UVd0uc

Reuters: Google Chrome Users Targeted in Major Spyware Campaign

A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google’s market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry’s failure to protect browsers as they are used more for email, … from News – Insurance Journal https://ift.tt/3ehljZ0

Markel International ditches lines to focus on entertainment

The specialist insurer will no longer write personal accident or contingency insurance, partly due to the impact of Covid-19, with redundancies expected. from Insurer - insuranceage.co.uk https://ift.tt/3hH7ipB

Covid-19: PRA warns of potential "significant impact" on insurers from BI dispute

But the regulator also describes the sector as resilient and robust in a letter to general insurance CEOs. from Insurer - insuranceage.co.uk https://ift.tt/2UTOc5E

Lloyd’s of London Apologizes for Its ‘Shameful’ Role in Atlantic Slave Trade

The Lloyd’s of London insurance market has apologized for its “shameful” role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organizations promoting opportunities for black and ethnic minority groups. About 17 million … from News – Insurance Journal https://ift.tt/2N8Zr62

Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown

Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s of London insurance workers will see when they return to the office in September. Having shut its London “underwriting room” … from News – Insurance Journal https://ift.tt/3efqxUV

Lloyd's and RSA apologise for slave trade links

Lloyd's pledges support for BAME communities as it condemns "appalling and shameful" part of its history. from Insurer - insuranceage.co.uk https://ift.tt/2Ce9XGN

Appeals Court Rejects Qualified Immunity for West Virginia Police in Excessive Force Suit

A federal appeals court has vacated part of a finding that cleared five West Virginia police officers on qualified immunity grounds in an excessive force lawsuit, which was filed by the estate of a homeless black man shot 22 times. … from News – Insurance Journal https://ift.tt/37EU7R9

Florida Residual Workers’ Comp Plan Issues $27.6M in Premium Refunds

Nearly 13,000 policyholders of the Florida Workers’ Compensation Joint Underwriting Association (FWCJUA) will receive workforce premium refunds totaling $27.6 million over the next few months. According to the Florida Department of Financial Services, FWCJUA, the state’s self-funded residual market, recently … from News – Insurance Journal https://ift.tt/2N9a9JH

Third Coast Underwriters Promotes Hueneke to Southeast Regional Director

Third Coast Underwriters (3CU) has promoted Marica Hueneke to regional director for the company’s Southeast Region. She will be based in Nashville, Tenn. According to Mike Valiante, vice president Business Development, Underwriting and Data Analytics, Marica will assume leadership responsibilities … from News – Insurance Journal https://ift.tt/2ABUDUd

COVID-19 Keeps 100s Off the Job at South Dakota Smithfield Plant

Hundreds of workers are still absent from the Smithfield meatpacking plant in Sioux Falls because of the coronavirus pandemic, according to union leaders. AFL-CIO secretary treasurer BJ Motley says between 800 and 1,200 of the plant’s 3,700 employees are either … from News – Insurance Journal https://ift.tt/3dgtnaN

Air Safety Regulator, Boeing Made Mistakes on 737 MAX, Says Federal Aviation Chief

The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co. and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators’ accusations the FAA was “stonewalling” probes after two … from News – Insurance Journal https://ift.tt/2BkmLuM

Health Workers Processing Shock of Virus Fight, Uneasiness in Current Quiet

Outside a back door to a hospital where the coronavirus hit like a hurricane, a half-dozen staffers gathered recently to look back, and look inward. “I am still scared,” Dr. Gwen Hooley told her colleagues at Elmhurst Hospital, which was … from News – Insurance Journal https://ift.tt/3eaO0Xu

Lawmaker Wants Government to Require Masks for Airline Passengers

A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate. While most U.S. airlines … from News – Insurance Journal https://ift.tt/3hBpgtn

Judge OK’s Addition of Louisiana to Spillway Lawsuits

A federal judge in Mississippi has approved Louisiana’s request to be added as a defendant in two lawsuits challenging the way a major Mississippi River flood control structure is operated. The lawsuits filed in December say that more frequent and … from News – Insurance Journal https://ift.tt/2UWMnoJ

South Dakota Motorcycle Rally Still On After Sturgis Council Vote

The roar of motorcycles will return to South Dakota’s Black Hills this summer with the Sturgis Motorcycle Rally, but with some major modifications. The Sturgis City Council has voted to proceed with preparations for the Aug. 7-16 rally, now in … from News – Insurance Journal https://ift.tt/3e7xgQN

Arkansas AG Sues TV Pastor Bakker over Virus Treatment Claims

Arkansas’ attorney general sued Missouri-based TV pastor Jim Bakker over his promotion of a product falsely touted as a cure for the illness caused by the coronavirus. Attorney General Leslie Rutledge filed the lawsuit in Arkansas against Bakker and Morningside … from News – Insurance Journal https://ift.tt/3d5LXTa

Backers of Controversial California Homeowners Insurance Bill Like Its Momentum, Timing

Backers of a controversial bill in California, which they say is designed to increase insurance coverage in high-risk wildfire areas by amending Proposition 103, believe it has the right timing and plenty of momentum to go all the way. The … from News – Insurance Journal https://ift.tt/2YKmSb5

Sailors Stranded by COVID Restrictions Could Refuse to Work, Causing Trade Disruption

Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially disrupting global trade, the International Transport Workers’ Federation said late Monday [June 15]. … from News – Insurance Journal https://ift.tt/2UTZffd

Colorado Wildfire Grows to 4.2 Square Miles

A lightning-caused wildfire in southwestern Colorado that has led to the evacuation of more than two dozen homes has grown to about 4.2 square miles. The fire started Saturday and was burning on private and U.S. Bureau of Land Management … from News – Insurance Journal https://ift.tt/37F36C3

PG&E Will Plead Guilty to Deaths From California Wildfire

Pacific Gas & Electric is expected to plead guilty to 84 felony counts of involuntary manslaughter during a court hearing in which the nation’s largest utility will be confronted with its history of neglect and greed that culminated in a … from News – Insurance Journal https://ift.tt/2USFynQ

New Marine Cyber Specialist Astaara Gets Investment from West of England P&I Club

Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England P&I Club. Astaara is a new company, focused on risk management and loss prevention, which has developed a marine cyber … from News – Insurance Journal https://ift.tt/30PtXK7

Liability Waivers Not Always Effective But Employers Take ‘Better Safe Than Sorry’ View

As businesses reopen across the U.S. after coronavirus shutdowns, many are requiring customers and workers to sign forms saying they won’t sue if they catch COVID-19. Businesses fear they could be the target of litigation even if they adhere to … from News – Insurance Journal https://ift.tt/2Y9S58E

FCCI Insurance Group to Begin Writing Commercial Insurance in Pennsylvania

Sarasota, Florida-based property and casualty insurer FCCI Insurance Group (FCCI) is expanding its geographic reach, announcing it will begin writing commercial insurance in the state of Pennsylvania as of September 1, 2020. The Pennsylvania operations will be coordinated through FCCI’s … from News – Insurance Journal https://ift.tt/2UQ1y32