Fri, 17 Nov 2017 17:34:24 +0000
Minnesota Commerce Commissioner Mike Rothman announced that he is leaving his post to run a campaign for state attorney general. In a statement, Rothman said he is stepping down as of 11 a.m. today. “I have made the decision to …
Fri, 17 Nov 2017 17:32:54 +0000
Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the state’s assigned risk plan. Th...
Fri, 17 Nov 2017 17:18:47 +0000
A central Indiana fieldhouse that’s one of the nation’s largest high school basketball venues was insured for nearly $10 million when a severe thunderstorm recently damaged it, school officials say. The historic Muncie Fieldhouse was valued at $9,858,1...
Fri, 17 Nov 2017 17:15:00 +0000
Chicago-based commercial, CNA, has appointed Al Miralles as chief risk officer (CRO), effective Jan. 1, 2018. Miralles joined CNA in 2011 as senior vice president and treasurer and has been leading the Long Term Care business since 2014. In addition …
Fri, 17 Nov 2017 16:44:35 +0000
Markel Corp. has completed its previously announced acquisition of State National Companies, a specialty provider of property/casualty insurance services that operates two core businesses, program services and lender services. Markel, a Virginia-based ...
Fri, 17 Nov 2017 16:05:55 +0000
A guide to good practice for delegated authority arrangements in the London company market has been published by the International Underwriting Association, the group that represents non-Lloyd’s international and wholesale insurance and reinsurance com...
Fri, 17 Nov 2017 15:15:43 +0000
Fresno, Calif.-based United Valley Insurance Services Inc. has named Maggie De La Torre a marketing team assistant. De La Torre holds a will provide support to the United Valley marketing team and will market high net worth personal lines, flood …
Fri, 17 Nov 2017 15:11:27 +0000
China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking sector. The guidelines unified rules coveri...
Fri, 17 Nov 2017 14:27:59 +0000
Assurance, a Top 50 U.S. insurance brokerage, has hired Eric Wolfrey to its Washington D.C. team to serve as a risk management consultant. Wolfrey will provide business insurance and risk management solutions to a variety of industries with a concentra...
Fri, 17 Nov 2017 14:25:33 +0000
Police in Maine say a man has been injured and another man arrested after a car involved in a collision barreled into a diner. According to police, three vehicles were involved in a collision in Sanford around 3:36 p.m. Tuesday. …
Fri, 17 Nov 2017 14:19:46 +0000
The American Arbitration Association (AAA), a provider of conflict management and dispute resolution services, has opened a new office in Buffalo, N.Y., offering local arbitration support in a region that has experienced an increase in arbitration requ...
Fri, 17 Nov 2017 14:16:13 +0000
Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the southeastern coast of the United ...
Fri, 17 Nov 2017 13:45:14 +0000
A California jury on Thursday ruled in favor of Johnson & Johnson in a lawsuit by a woman who said she developed the cancer mesothelioma after being exposed to asbestos in the company’s talc-based products including J&J’s Baby Powder. The …
Fri, 17 Nov 2017 13:40:24 +0000
Johnson & Johnson was ordered to pay $247 million to half a dozen patients who claimed the company hid defects in its Pinnacle artificial hips, its third big-dollar loss over the products. Officials of the company’s DePuy unit, which makes …
Fri, 17 Nov 2017 13:31:10 +0000
Markel Corp. announced that F. Michael Crowley, the company’s vice chairman, plans to retire on December 31, 2017. Crowley will transition his duties and responsibilities as well as his relationships with key producers and clients to designated employe...
Fri, 17 Nov 2017 09:56:29 +0000
Economical Insurance announced the creation of a new organizational structure, with three market-facing regions. The restructuring is designed to improve profits, strengthen relationships with broker partners, capture more market share in small busines...
Fri, 17 Nov 2017 08:57:18 +0000
Efforts to get insurers to plug Europe’s investment gap by backing riskier assets could be undermined if banks are unwilling to share crucial credit data with them, a European Union insurance regulator said. EU insurance capital rules known as Solvency …
Fri, 17 Nov 2017 08:20:35 +0000
Insurance companies, in their search for yield, have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by Europe’s insurance watchdog published Thursday. ...
Fri, 17 Nov 2017 08:10:05 +0000
Ships which do not meet cuts to the amount of sulfur they can burn in their engines risk being declared “unseaworthy,” the International Maritime Organization (IMO) said on Thursday. Shippers and refiner are not sure how they will comply with …
Fri, 17 Nov 2017 06:28:06 +0000
A major chicken processing plant that has been cited for polluting the Suwannee River settled a lawsuit on Wednesday that was brought by environmental groups in Florida. Pilgrim’s Pride Corp. settled the suit with Environment Florida and the Sierra Clu...
Fri, 17 Nov 2017 06:00:51 +0000
In the 26 years since the Anita Hill hearings focused national attention on the issue of sexual harassment in the workplace, significant progress has been made. Most employers take seriously allegations of sexual and ethnic harassment and show little t...
Fri, 17 Nov 2017 06:00:32 +0000
Congressional Republicans took an important step on Thursday toward the biggest U.S. tax-code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by senior lawmakers and President Donald Trump. The House...
Fri, 17 Nov 2017 06:00:10 +0000
Crop insurance was once a sector full of smaller players, but a mergers-and-acquisitions (M&A)-driven push for efficiency and scale has left it dominated by fewer and larger carriers, and analysts at Conning predict a continuation of the trend. “We exp...
Fri, 17 Nov 2017 06:00:08 +0000
Even the workplace has to adapt to the warming world. As climate change creates more intense storms, companies have started preparing for work disruptions due to extreme weather. In a sign of the times, Fog Creek, a software company based …
Fri, 17 Nov 2017 05:52:36 +0000
The Alabama Department of Insurance has launched a new online chat to offer consumers another avenue to have their insurance questions answered quickly. Representatives are now available at www.aldoi.gov to help with common insurance-related questions....
Fri, 17 Nov 2017 05:01:06 +0000
The Hilb Group, LLC (THG) has acquired David Hill & Associates, Inc. (DHA) of Wilmington, N.C. DHA will be joining the existing Hilb Group office in Wilmington to build an expanded benefits practice. DHA represents THG’s 41st acquisition since 2009 …
Thu, 16 Nov 2017 21:21:09 +0000
Loss estimates for the October California wildfire siege could reach up to $10.5 billion, according to catastrophe modeling firm AIR Worldwide. Boston, Mass.-based AIR on Thursday updated its loss estimates for the recent wildfires after analyzing find...
Thu, 16 Nov 2017 19:15:07 +0000
The California Department of Industrial Relations has released the 2016 occupational injury and illness data on employer-reported injuries that shows nonfatal worker injured remained steady in the state. Estimates provided by the U.S. Bureau of Labor S...
Thu, 16 Nov 2017 18:25:23 +0000
H.W. Kaufman Group and Burns & Wilcox have promoted 22 insurance industry veterans across 15 locations in the United States and Canada. The promotions were announced at a recognition dinner during the annual 2017 Kaufman Leadership Meeting. They includ...
Thu, 16 Nov 2017 17:53:46 +0000
The city of Indianapolis sued several manufacturers and distributors of prescription painkillers in federal court on Nov. 14, alleging that their actions are to blame for the city’s growing opioid crisis. The lawsuit contends that the “dramatic increas...