Fri, 26 May 2017 05:00:26 +0000
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce reforms to put the NFIP on stron...
Fri, 26 May 2017 04:50:13 +0000
A lawn mower is being blamed for sparking a wildfire that destroyed five structures in Florida. The Naples Daily News reports that the state’s Office of Agricultural Law Enforcement concluded its investigation into the fire that started April 20 in …
Fri, 26 May 2017 04:43:26 +0000
The North Carolina Department of Insurance has reached a settlement agreement with YourPeople, Inc., dba Zenefits FTW Insurance Services (Zenefits) resulting in a $104,500 penalty, according to a statement from Insurance Commissioner Mike Causey. Depar...
Fri, 26 May 2017 04:28:47 +0000
Gov. Jim Justice has directed the West Virginia Board of Risk and Insurance Management to take steps to protect personally identifiable information collected and kept by state agencies, including health information required by law to be kept private. I...
Fri, 26 May 2017 04:00:24 +0000
A fire at a gas station ignited by a car slamming into a pump has killed one person in Florida. Local news organizations report the fire erupted at a BP station in Dania Beach on Tuesday night after a driver …
Fri, 26 May 2017 00:31:18 +0000
Climate change will drive up wind losses in the U.K. in coming years, according to a recent report out from the Association of British Insurers, the Met Office, and Boston, Ma.-based catastrophe modeler AIR Worldwide. The report shows that temperature …
Fri, 26 May 2017 00:22:37 +0000
Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a continued streamlining of operations. The company said the move will provide easier access and greater consistency across...
Thu, 25 May 2017 16:48:44 +0000
Two Oklahoma counties may now receive disaster assistance from the U.S. Small Business Administration (SBA) as a result of the severe weather that occurred April 28 through May 2, the governor’s office reported. The designation provides SBA low-interes...
Thu, 25 May 2017 16:30:19 +0000
On May 11, the Texas Senate passed a bill exempting certain policyholders from the requirement that agents to make a “diligent effort” to find insurance in the admitted commercial insurance market. Gov. Greg Abbott has signed the measure, which become...
Thu, 25 May 2017 16:28:22 +0000
There is a famous story about a visit by President Kennedy to the NASA space center. When Kennedy noticed a man carrying a broom in one of the buildings, he asked: “What’s your job here?” The janitor replied: “I’m helping …
Thu, 25 May 2017 16:25:10 +0000
Three students have been taken to the hospital for minor injuries after a school bus and a truck collided in eastern South Carolina. The wreck was reported around 8 a.m. Wednesday on U.S. 52 in Moncks Corner. Berkeley County school …
Thu, 25 May 2017 16:21:07 +0000
Armed Forces Insurance (AFI), based in Leavenworth, Kansas, has appointed Lt. Gen. Stanley E. “Sid” Clarke III, U.S. Air Force (Ret.), as its incoming chairman. Clarke begins his new role as Armed Forces Insurance celebrates its 130th year in service …
Thu, 25 May 2017 16:20:23 +0000
Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work collectively to provide large scale c...
Thu, 25 May 2017 16:11:35 +0000
Evacuation orders are still in effect in as crews battle a wildfire north of Leavenworth, Washington. Brendan Cowan, a spokesman for the Northwest Incident Management Team, says the blaze covered about 40 acres as of Wednesday morning. Cowan says there...
Thu, 25 May 2017 16:08:13 +0000
Authorities in a small Arkansas town say local police and firefighters are being targeted by suspicious fires and vandalism. The Arkansas Democrat-Gazette reports the incidents in Cotton Plant began in February, when a fire destroyed a firefighter’s re...
Thu, 25 May 2017 16:06:24 +0000
The Barron County Sheriff’s Department has released initial damage estimates from a tornado that tore through the Chetek area of northwestern Wisconsin last week. The department said Sunday that the storm damaged 231 homes and four commercial propertie...
Thu, 25 May 2017 16:03:49 +0000
The Federal Emergency Management Agency’s proposed revisions to Yankton’s flood plain map could encompass nearly 200 additional properties. On the flip side, a revision in Rapid City means 224 properties have been removed from that city’s flood hazard ...
Thu, 25 May 2017 14:26:27 +0000
A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put him out of business during the recession. The Orange County Superior Court panel ruled in favor of Michael …
Thu, 25 May 2017 14:22:20 +0000
Alaska averages 40,000 earthquakes per year, with more large quakes than the other 49 states combined, and America’s shakiest state is about to have its ground examined like never before. A federal agency that supports basic science research is complet...
Thu, 25 May 2017 14:05:23 +0000
J.C. Flowers & Co. LLC, a New York-headquartered private investment firm that focuses on investing in the global financial services industry, announced it has acquired UK General Insurance Group Ltd. Completed on May 24, after receiving UK regulatory a...
Thu, 25 May 2017 13:21:12 +0000
A famous New York bar once frequented by Beat Generation writer Jack Kerouac has been gutted by a fire. Officials in the village of Northport on Long Island tell Newsday that the fire started around 7 a.m. Tuesday inside Gunther’s …
Thu, 25 May 2017 13:08:56 +0000
FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130 countries and territories by their e...
Thu, 25 May 2017 13:02:47 +0000
The state is making $10 million in funding available to New York municipalities dealing with flooding along the Lake Ontario shoreline. Gov. Andrew Cuomo announced Monday that the funds will support flood recovery efforts such as repairing break walls,...
Thu, 25 May 2017 12:52:39 +0000
Cross Insurance, a Bangor, Maine-headquartered subsidiary of Cross Financial Corp., has promoted Eric Jermyn to president of Cross Employee Benefits. He will be based in Portland, Maine. In this new role, Jermyn’s duties include the growth and maintena...
Thu, 25 May 2017 12:47:18 +0000
The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016. The first-quarter loss was significantl...
Thu, 25 May 2017 12:30:38 +0000
Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of the National Insurance Specialty Energy unit. Dekermanji will lead a team of underwriting, risk control and account services professionals focu...
Thu, 25 May 2017 10:49:49 +0000
Swiss Re Corporate Solutions has appointed Jonathan Rake as CEO Asia Pacific, based in Singapore. Rake will move from his current position as head South East Asia and assumes the new role on July 1, 2017. He succeeds Fred Kleiterp, …
Thu, 25 May 2017 10:36:46 +0000
Commercial property insurer FM Global announced the promotion of Angela Kelly to vice president, diversity and international human resources. Kelly, a 23-year veteran of the company, will have overall responsibility for leading the company’s worldwide ...
Thu, 25 May 2017 10:01:04 +0000
Tokio Marine Kiln (TMK), the London-based specialist insurance business, announces the launch of visual effects (VFX) and post production media insurance. TMK said its post-production media insurance offers flexible cover for companies specializing in ...
Thu, 25 May 2017 05:00:43 +0000
A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said...