Fri, 22 Jun 2018 10:45:03 +0000
Germany, land of the no-holds-barred Autobahn, is pushing the next level of transportation: flying cars. Chancellor Angela Merkel’s government signed a letter of intent with executives from Volkswagen’s Audi unit and plane maker Airbus SE to test air t...
Fri, 22 Jun 2018 10:34:33 +0000
Eight passengers have sued Southwest Airlines Co. over a catastrophic engine blowout in April that killed a passenger and injured several others. The plaintiffs, eight passengers from Flight 1380 on April 17 and one passenger’s husband, filed suit on T...
Fri, 22 Jun 2018 10:32:00 +0000
XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. With an established presence in Latin America and aviation teams in Brazil, the United St...
Fri, 22 Jun 2018 10:16:47 +0000
Investors’ shaky confidence in virtual currencies took another hit after crypto exchange Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, suffered a hack that saw about 35 billion won ($32 million) worth of coins stolen. The S...
Fri, 22 Jun 2018 04:39:49 +0000
A Florida circuit court has reinstated a stay on smoking medical marijuana. The state’s 1st District Court of Appeal has ruled that the hold will remain in effect “pending final disposition of the merits of (a recent) appeal.” The Department …
Fri, 22 Jun 2018 04:21:50 +0000
Florida’s citrus growers are blaming Hurricane Irma for one of their worst seasons in decades. In a Naples Daily News report, U.S. agriculture officials said Florida’s orange production dropped nearly 35 percent from the previous season. Grapefruit pro...
Fri, 22 Jun 2018 04:14:48 +0000
Chubb has introduced a new insurance product available to more than 60 classes of artisan contractors through its new digital platform – the Chubb Small Commercial Marketplace, which places and services small business insurance, and features a suite ...
Fri, 22 Jun 2018 04:08:19 +0000
Gov. Phil Bryant is naming another retired military leader to run Mississippi’s Emergency Management Agency. Bryant said on Monday said he was appointing Gregory Michel as the agency’s director. Michel was the commander of Camp Shelby in Hattiesburg fr...
Fri, 22 Jun 2018 00:23:05 +0000
The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurr...
Fri, 22 Jun 2018 00:04:26 +0000
Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …
Thu, 21 Jun 2018 23:59:59 +0000
Illinois-based Arthur J. Gallagher & Co. has acquired Marchetti, Robertson & Brickell Insurance and Bonding Agency Inc., with offices in Ridgeland, Mississippi, and Kansas City, Missouri. Terms of the transaction were not disclosed. Founded in 1953, Ma...
Thu, 21 Jun 2018 23:41:01 +0000
The artist behind Chicago’s famous bean-shaped sculpture has filed a federal lawsuit accusing the National Rifle Association of copyright infringement by using an image of his work in a video advertisement last year. Anish Kapoor’s lawsuit filed in the...
Thu, 21 Jun 2018 23:30:14 +0000
A legislative audit says Kansas’ wildfire suppression system is underfunded and understaffed and operates with a fragmented leadership. The Topeka Capital-Journal reports the audit was ordered after wildfires in 2016 and 2017 burned more than 800,000 a...
Thu, 21 Jun 2018 23:29:18 +0000
Federal health officials have ordered the University of Texas MD Anderson Cancer Center to pay a $4.3 million fine for failing to secure health records stemming from data breaches. The Houston Chronicle reports the U.S. Department of Health and Human …
Thu, 21 Jun 2018 23:04:53 +0000
Integrated Risk Solutions in Waukesha, Wisconsin, has added John McGee to its leadership team as chief operating officer/chief financial officer. McGee has financial and operations executive experience in the construction, financial, real estate and no...
Thu, 21 Jun 2018 23:02:29 +0000
The Independent Insurance Agents of Texas (IIAT) elected Jeffrey L. Brady of Brady, Chapman, Holland & Associates (BCH) in Houston, to serve as chair for 2018-19. Brady was elected during IIAT’s 121st Annual Conference and Trade Show in San Antonio. …
Thu, 21 Jun 2018 18:54:22 +0000
The U.S. Supreme Court said on Thursday the way the Securities and Exchange Commission selected in-house judges who enforce investor protection laws was unconstitutional in a ruling allowing more presidential control over pivotal jobs in federal agenci...
Thu, 21 Jun 2018 16:57:16 +0000
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist investor Carl Icahn opposed a previous proposal. The …
Thu, 21 Jun 2018 16:42:40 +0000
Louisiana Workforce Commission said as of May the state has experienced a year-over-year increase of 44,453 in the number of individuals employed in Louisiana. Louisiana’s civilian labor force is now 2,138,975, which is the highest number of individual...
Thu, 21 Jun 2018 16:30:22 +0000
The University of Texas has agreed to settle a race and sexual discrimination lawsuit filed by former women’s track coach Bev Kearney. Kearney attorney Jody Mask on Wednesday told The Associated Press that the case will be dismissed. University spokesm...
Thu, 21 Jun 2018 16:21:32 +0000
Guy Russ has been named assistant vice president of risk control for Church Mutual Insurance Co., based in Merrill, Wisconsin. He reports to Kevin Root, executive vice president – operations. Russ joined Church Mutual in 2012 as director of program …
Thu, 21 Jun 2018 16:17:43 +0000
Chicago-based ISMIE Indemnity, an excess and surplus line division of ISMIE Mutual Insurance Co., plans to offer medical professional liability insurance products in every state in the U.S. With approval from state insurance regulators, ISMIE Indemnity...
Thu, 21 Jun 2018 16:15:43 +0000
A state of emergency has been declared for counties in Northwest Wisconsin impacted by widespread flooding. Gov. Scott Walker declared the emergency state for Ashland, Bayfield, Burnett, Douglas, and Iron counties, where severe thunderstorms produced t...
Thu, 21 Jun 2018 16:14:57 +0000
Heavy rains along the Texas coast have caused flooding in areas that were hit hard by Hurricane Harvey less than a year ago. National Weather Service meteorologist Tyler Castillo said Wednesday that since Tuesday, rain of 5 to 10 inches …
Thu, 21 Jun 2018 15:14:33 +0000
Nevada’s new liability coverage minimums go into effect next month. The new standards require drivers to be covered for at least $25,000 in bodily injury per person, $50,000 per crash and $20,000 for property damage per wreck. According to the …
Thu, 21 Jun 2018 15:02:00 +0000
A Beverly Hills, Calif. doctor has been sentenced to 10 years in federal prison for his role in a massive fraud scheme. The San Diego Union-Tribune reports Dr. Ronald Grusd was convicted in December of 39 charges, including conspiracy, honest …
Thu, 21 Jun 2018 15:00:01 +0000
OneBeacon Surety Group recently announced changes to its U.S. leadership team. In addition, it is now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients. Chad Anderson has been named head of North American Surety. Ande...
Thu, 21 Jun 2018 14:58:19 +0000
California public self-insured workers’ compensation claims from fiscal year 2016-2017 rose less than 0.4 percent compared to the corresponding data from the prior year despite a 2.9 percent Increase in covered employees, according to a report out from...
Thu, 21 Jun 2018 13:49:35 +0000
The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges …
Thu, 21 Jun 2018 13:37:34 +0000
Marijuana sales will become legal in Canada beginning October 17, Prime Minister Justin Trudeau said on Wednesday, making it the first major economy to legalize its recreational use. Stocks of marijuana producers, which have rallied in anticipation of ...