December 6, 2019
Fri, 06 Dec 2019 22:12:08 +0000
California Insurance Commissioner Ricardo Lara will have to choose whether he wants insurers to charge higher rates or to stop writing homeowners insurance in fire-prone areas, an industry representative said following new wildfire directives announced...
Fri, 06 Dec 2019 17:51:12 +0000
A former Georgia mayor pleaded guilty Tuesday to 30 counts of insurance fraud after stealing over $11,000 from victims who believed they were paying for insurance policies. Former Franklin Mayor Brad Yates, in a negotiated plea deal, was sentenced to …
Fri, 06 Dec 2019 17:43:49 +0000
A woman who says she was kicked out of a North Carolina nursing school a month before graduation in retaliation for accusing a supervisor of sexual harassment is suing in a case supported by the Time’s Up movement legal fund. …
Fri, 06 Dec 2019 17:33:58 +0000
Texas Mutual Insurance Co. reported that two Texans have been convicted of workers’ compensation fraud in two separate cases. The workers’ compensation insurer said Sharon Boachie of Arlington and Larry Toliver of Knox City were sentenced in Travis Cou...
Fri, 06 Dec 2019 17:01:02 +0000
Concerns over air quality have prompted a voluntary evacuation order that was in effect on Dec. 5 for a Texas Gulf Coast city where a pair of chemical plant explosions occurred last week. Port Neches issued the voluntary order for …
Fri, 06 Dec 2019 14:59:57 +0000
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new report. But personal auto and workers’ compensation ...
Fri, 06 Dec 2019 14:50:23 +0000
Assessments following Alaska’s enormous 2018 earthquake showed building damage was worse outside Anchorage’s safety area because of reduced regulation, municipal officials said. There was less structural damage in the Anchorage Building Safety Service ...
Fri, 06 Dec 2019 14:45:55 +0000
Saxe Doernberger & Vita P.C. (SDV) has hired Associate Brian J. Clifford to its Northeast office. Clifford has almost a decade of experience in litigation, including insurance coverage, from depositions and discovery through mediations, trials and appe...
Fri, 06 Dec 2019 14:37:39 +0000
A judge who dismissed Walgreens as a defendant in Delaware’s lawsuit against the drug industry over the opioid crisis has denied the government’s request to certify an appeal to Delaware’s Supreme Court. Wednesday’s ruling follows the judge’s denial in...
Fri, 06 Dec 2019 14:31:46 +0000
Massachusetts prosecutors asked a judge to sentence a drain company owner to seven to 10 years in prison for his involvement in the collapse and flooding of a trench that killed two workers. Atlantic Drain Service owner Kevin Lee Otto, …
Fri, 06 Dec 2019 14:11:53 +0000
AmTrust Financial Services has promoted Adam Karkowsky to the role of president of AmTrust, reporting to Barry Zyskind, chairman and chief executive officer. The company said Karkowsky will continue to also serve in the role of chief financial officer ...
Fri, 06 Dec 2019 13:30:21 +0000
Bayer AG agreed to postpone two upcoming U.S. trials involving its Roundup weedkiller to allow time for mediation talks on a possible settlement with plaintiffs. The German agriculture giant agreed to delay two trials that were set to begin in …
Fri, 06 Dec 2019 12:47:31 +0000
A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in 2019 while 68% have actually suffered a political risk loss. Disruption of international trade was considered the most significan...
Fri, 06 Dec 2019 10:28:36 +0000
Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance industry by forming a joint venture with former Goldman Sachs Group Inc. partner Chris Milner. The new venture with Milne...
Fri, 06 Dec 2019 10:07:24 +0000
Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa’s biggest producer. Nineteen crew were kidnapped and remain missing, a …
Fri, 06 Dec 2019 08:00:54 +0000
Gallagher, the Rolling Meadows, Ill.-based insurance broker, has named Dave Partington as CEO of its Canadian retail property/casualty brokerage operations, where he will lead the strategy and culture for continued growth across the country. Partington...
Fri, 06 Dec 2019 07:50:56 +0000
Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As part of the agreement, which values ReAssure at £3.25 billion ($4.3 billion), Swiss Re will receive a cash payment of …
Fri, 06 Dec 2019 07:10:36 +0000
Minnesota Attorney General Keith Ellison has sued Juul Labs, accusing the e-cigarette maker of unlawfully targeting young people with its products to get a new generation addicted to nicotine. The lawsuit filed in Hennepin County District Court in Minn...
Fri, 06 Dec 2019 07:02:19 +0000
Claims services provider Crawford & Company has appointed Maureen Westling vice president of U.S. Catastrophe Services Operations. She is based in Dallas. In the newly created role, Westling will be responsible for the strategic and tactical direction,...
Fri, 06 Dec 2019 06:47:17 +0000
Federal investigators have concluded that a deadly explosion at a Minneapolis school in 2017 happened because a pipefitting crew lacked proper training and wasn’t fully authorized to move a gas meter. The National Transportation Safety Board released i...
Fri, 06 Dec 2019 06:22:05 +0000
Personal car insurance company, Noblr, is now offering coverage to Ohio drivers, the company announced. Noblr said it rewards customers’ good driving behaviors with real-time competitive rates. Noblr is built on a reciprocal exchange model, where custo...
Fri, 06 Dec 2019 06:03:04 +0000
A new monthly survey of business leaders suggests the economy is slowing down in nine Midwest and Plains states as the U.S. trade war with China continues, according to a report released Dec. 1. The overall index for the region …
Fri, 06 Dec 2019 06:00:51 +0000
Burns & Wilcox has named Pamela Alphabet to its leadership team as regional practice group leader for the Western region, personal insurance. She is based in Scottsdale, Ariz. Alphabet will partner with the company’s offices in California, Arizona and ...
Fri, 06 Dec 2019 06:00:43 +0000
Ride-hailing firm Uber Technologies Inc. said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was serious about …
Fri, 06 Dec 2019 06:00:31 +0000
Amazon.com Inc. and the National Football League announced a deal to use the tech giant’s cloud-computing services to help solve the epidemic of injuries—and especially concussions—afflicting the sport. Amazon’s cloud unit will provide software to ...
Fri, 06 Dec 2019 05:18:08 +0000
Insurance Office of America has launched Smart Club Program – a new program exclusively for athletic, city, country, faculty, golf, military, town, and yacht clubs. The Smart Club Program is custom designed for the needs of each club, offering a …
Fri, 06 Dec 2019 05:09:12 +0000
Worldwide Facilities, LLC, a national wholesale insurance brokerage, managing general agency and program manager, has acquired Risk Management Advisory Group (RMAG), a managing wholesale broker based in Miami Lakes, Fla., that provides specialty person...
Fri, 06 Dec 2019 05:05:52 +0000
Builders Insurance Group has appointed Ellen G. Smith to the role of senior vice president, chief financial officer and treasurer. The company is headquartered in Atlanta. Smith was serving as director of Financial Planning and Analysis with Builders a...
Thu, 05 Dec 2019 23:13:26 +0000
Hub International Ltd. has acquired the assets of Novato, Calif.-based Blair Jarcik Insurance Agency Inc. Blair Jarcik, president of Blair Jarcik Insurance Agency, will join Hub California and report to Bryan Costello, San Francisco bay area regional l...
Thu, 05 Dec 2019 21:12:41 +0000
Accurate and honest cannabis branding should be the next best step for the budding industry if it wishes to stave off false advertising and product liability lawsuits, according to the one of the authors of a new report on the …