Fri, 23 Feb 2018 06:00:51 +0000
Though states and the federal government remain at odds on marijuana legalization, the drug is gaining traction as a viable treatment in workers’ compensation claims. In a recent discussion with Claims Journal, Brian Allen, vice president of government...
Fri, 23 Feb 2018 06:00:19 +0000
Takata Corp.’s U.S. unit agreed Thursday to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators. TK Holdings Inc., which is in bankruptcy reorganization proceedings, agreed in the settleme...
Fri, 23 Feb 2018 05:42:50 +0000
The Travelers Companies, Inc. has released an enhanced homeowners insurance product with tailored pricing and flexible coverage options called Quantum Home 2.0 (QH2.0). The new product includes “simpler” policy documents designed to help customers bett...
Fri, 23 Feb 2018 05:35:44 +0000
The parents of a Florida State University fraternity pledge who died of alcohol poisoning after a party have filed a civil suit against those who have a connection in their son’s death. Thomas and Sandra Coffey are suing Pi Kappa …
Fri, 23 Feb 2018 05:28:35 +0000
Investigators ruled arson was to blame for a fire that started in a Georgia home and rapidly spread throughout a subdivision, destroying five houses and damaging at least 14 others before firefighters could extinguish all the flames. Police arrived qui...
Fri, 23 Feb 2018 05:22:04 +0000
National wholesale insurance brokerage and managing general agent Worldwide Facilities has added George Vogle to its Atlanta office as a senior vice president specializing in professional liability. Vogle began his career in 1977 with General Reinsuran...
Thu, 22 Feb 2018 23:19:29 +0000
Now’s the time to get in on the ground floor of the business of insuring drones. That’s according to panel of experts speaking recently in a drone insurance webinar hosted by Insurance Journal. The consensus from the panelists was that …
Thu, 22 Feb 2018 17:51:27 +0000
The Dallas Mavericks have hired outside counsel to investigate allegations of inappropriate conduct by former team president Terdema Ussery in a Sports Illustrated report that described a hostile workplace for women. Ussery was accused of making sexual...
Thu, 22 Feb 2018 17:41:58 +0000
HDI Global SE has appointed John Schossler has been appointed assistant vice president, Casualty Construction manager, based in Chicago. Schossler will lead all efforts in the development of this segment by cultivating deeper relationships with produce...
Thu, 22 Feb 2018 17:30:22 +0000
Fidelis Group Holdings LLC (FGH), with its subsidiary Continental Underwriters Ltd., has hired Darrin Huck as vice president of its Marine Division. He is based in Houston. Huck serves as a senior underwriter within the group’s Brown Water Hull, Liabil...
Thu, 22 Feb 2018 17:24:23 +0000
Sandbags were holding back floodwaters in parts of Michigan as a storm system moved across several Midwest and Great Plains states on Wednesday, bringing heavy rain, snow and ice to the region. The weather has already been blamed for hundreds …
Thu, 22 Feb 2018 17:18:13 +0000
Federal regulators are investigating the weekend death of a worker on an oil production platform in the Gulf of Mexico. The contractor was removing out-of-service fire suppression equipment when he was fatally injured on the offshore platform Saturday,...
Thu, 22 Feb 2018 17:13:12 +0000
The number of Minnesota residents without health insurance jumped by 116,000 in the past two years, the state Department of Health said. A biennial survey by the department and the University of Minnesota School of Public Health found that the …
Thu, 22 Feb 2018 16:32:14 +0000
XL Catlin has appointed Claudia Thyme to the role of director, Emerging Markets Development. In this role, Thyme will contribute to XL Catlin’s emerging market strategies, with a particular focus on Latin America. Thyme has 20 years’ experience in the …
Thu, 22 Feb 2018 16:09:58 +0000
An estimated 669,100 law enforcement officers were treated in emergency departments across the nation for nonfatal injuries between 2003 and 2014, according to a study by researchers at the National Institute for Occupational Safety and Health (NIOSH)....
Thu, 22 Feb 2018 15:49:45 +0000
Even higher payouts for RSA shareholders are likely in 2018, chief executive Stephen Hester said on Thursday after the company posted an above-forecast 2017 operating profit and boosted its dividend by 23 percent. Analysts had been looking for a special …
Thu, 22 Feb 2018 15:45:56 +0000
Gov. Bill Walker’s administration has asked the Alaska Legislature for permission to spend $10 million on seismic surveying in the coastal plain of the Arctic National Wildlife Refuge. The seismic survey funding was included last week in a supplemental...
Thu, 22 Feb 2018 15:43:40 +0000
A California law that sought to prevent age discrimination in the entertainment industry by blocking a popular Hollywood website from posting the ages of actors was struck down Tuesday as unconstitutional. U.S. District Court Judge Vince Chhabria in Sa...
Thu, 22 Feb 2018 15:39:56 +0000
British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union in case Britain loses single market access. “We are about to apply for a license to establish …
Thu, 22 Feb 2018 14:27:06 +0000
Insurance agencies and brokerage firms ended 2017 with gains in organic growth and profitability in the fourth quarter. The 175 midsize and large agencies and brokerages participating in Reagan Consulting’s Organic Growth and Profitability (OGP) Survey...
Thu, 22 Feb 2018 14:15:18 +0000
Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire the assets and operations of New Day Underwriting Managers LLC (New Day), a specialty intermediary with offices in Hamilton, N.J. New Day will become part of R-T Specialty …
Thu, 22 Feb 2018 13:52:59 +0000
Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan mome...
Thu, 22 Feb 2018 13:26:13 +0000
Connecticut-based marine insurance program manager Maritime Program Group has hired Michael Demarco as senior underwriter in its Private Client Services division. MPG’s Private Client Services division specializes in high-net worth and hard-to-place pe...
Thu, 22 Feb 2018 11:54:02 +0000
Hedge fund manager David Einhorn said a shift in favor of value stocks may soon be coming even after his firm posted its worst underperformance in almost two decades. “While we’ve never underperformed like this, our prior worst underperformance compared …
Thu, 22 Feb 2018 11:53:18 +0000
A fast-moving fire has gutted an ambulance squad’s building in New Jersey, destroying five ambulances and causing at least $2 million in damage. The fire at the American Legion Ambulance Association in Woodstown, N.J., broke out early Monday and was …
Thu, 22 Feb 2018 11:46:34 +0000
Amtrak could prevent New Jersey Transit trains from entering New York if NJ Transit doesn’t finish installing positive train control. Amtrak President and CEO Richard Anderson told a House subcommittee that Amtrak is worried passengers are being put at...
Thu, 22 Feb 2018 11:25:54 +0000
Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired New York City-based Prosurance Redeker Group LTD., a specialty brokerage serving architects and engineers. Terms of the d...
Thu, 22 Feb 2018 10:18:15 +0000
French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second quarter this year. AXA, which ranks ...
Thu, 22 Feb 2018 06:00:09 +0000
The U.S. Supreme Court on Wednesday refused to broaden protections for corporate insiders who call out misconduct, ruling they must take claims of wrongdoing to the Securities and Exchange Commission in order to be shielded against retaliation. The jus...
Thu, 22 Feb 2018 06:00:00 +0000
The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been targeted by hackers. The guidanc...