Thu, 21 Feb 2019 06:49:32 +0000
EPIC Insurance Brokers and Consultants has added Jose Palmer as a principal in the energy and marine practice within its property/and casualty operations. He is based in Houston and reports to Southwest Region Managing Principal and Director KJ Wagner....
Wed, 20 Feb 2019 19:38:46 +0000
AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its subsidiari...
Wed, 20 Feb 2019 19:17:37 +0000
Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After an investigation, Kreidler orde...
Wed, 20 Feb 2019 17:38:19 +0000
Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group. Mercurio will continue to serve as president and CEO of National Inters...
Wed, 20 Feb 2019 17:25:54 +0000
The North Dakota House approved legislation that would expand the list of medical conditions for which residents can use medical marijuana, add health care professionals who can certify patients for the drug and increase the forms it can come in. …
Wed, 20 Feb 2019 17:21:34 +0000
The month-long partial federal government shutdown likely further delayed aid grants to homeowners still trying to recover from the 2016 flooding, Louisiana’s top disaster recovery official said. As many as 6,000 Louisiana residents who took out loans ...
Wed, 20 Feb 2019 17:17:48 +0000
Working in grain bins can be deadly, so insurers want to remind farmers of the dangers. Nationwide insurance is helping sponsor a campaign to educate farmers about safety procedures they can use when working in grain bins. Farmers should wear …
Wed, 20 Feb 2019 17:15:58 +0000
A Texas woman owes just over $46,000 to the state’s largest workers’ compensation insurance carrier after being sentenced for workers’ compensation fraud in a Travis County district court. According to Texas Mutual Insurance Co., Shannon Drew of Aubrey...
Wed, 20 Feb 2019 17:11:40 +0000
Louisiana’s property insurer of last resort has completed another round of policy depopulation — its 12th, the state insurance department announced. Louisiana Citizens Property Insurance Corp. (Citizens) offers property insurance to any home or busin...
Wed, 20 Feb 2019 17:06:58 +0000
Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European Union’s General Data Protection Re...
Wed, 20 Feb 2019 16:06:00 +0000
Kauai officials are suing the owners of a vacation home, claiming they are violating county zoning ordinances for using the property as a short-term rental. The Garden Island reports the Kauai County Planning Department filed the lawsuit last week, see...
Wed, 20 Feb 2019 16:03:02 +0000
A data breach may have compromised the personal information of customers who patronized any of 50 Arizona businesses last month. North Country Business Products says an investigation of “suspicious activity” led to the discovery that an unauthorized pa...
Wed, 20 Feb 2019 14:24:41 +0000
Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance. Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged with growing the company’s war, t...
Wed, 20 Feb 2019 14:15:41 +0000
C&S Insurance has acquired Dedham, Mass.-based Francis M. Walley Insurance Agency. Since assuming ownership in 2012, C&S Insurance second-generation owners Ben Cavallo and Keith Signoriello have completed seven agency acquisitions. Altogether, C&S Insu...
Wed, 20 Feb 2019 14:06:28 +0000
New Jersey Department of Banking and Insurance Commissioner Marlene Caride last week issued a bulletin encouraging insurers and entities regulated by the department to work with and assist employees of the Marcal paper products facility who lost their ...
Wed, 20 Feb 2019 13:22:47 +0000
Are employees injured at work more likely to file under workers’ compensation instead of group health insurance when their group health plan has a higher deductible? The Workers Compensation Research Institute (WCRI) found evidence they do in a new stu...
Wed, 20 Feb 2019 13:11:33 +0000
Workers’ compensation insurance will continue to cost less for most Vermont employers when new rates approved by the Department of Financial Regulation (DFR) become effective on April 1, 2019. This is the third rate decrease since Governor Phil Scott t...
Wed, 20 Feb 2019 12:59:27 +0000
Britain will impose a 5 kilometer (3.1 mile) drone exclusion zone around its runways as the government responds to illegal incursions that closed London Gatwick airport for 36 hours in December, disrupting travel for more than 120,000 people. The measu...
Wed, 20 Feb 2019 12:31:55 +0000
While users of the troubled Quadriga CX cryptocurrency exchange remain unable to retrieve millions in funds, a startup backed by mainstream companies such as Goldman Sachs says they’re able to offer some protection. BitGo Inc., which provides custodian...
Wed, 20 Feb 2019 12:08:51 +0000
FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG dealmaker Tan Boon-Kee as senior adviser for mergers and acquisitions. Tan, who will be based in Singapore, started in her new role at …
Wed, 20 Feb 2019 11:59:42 +0000
England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired on Brexit. The move, timed for …
Wed, 20 Feb 2019 11:38:45 +0000
SCOR announced the appointment of Jean-Paul Conoscente, currently chief executive officer of reinsurance at SCOR Global P&C, as CEO of SCOR Global P&C. This appointment follows Victor Peignet’s decision to retire for personal reasons, after 35 years wi...
Wed, 20 Feb 2019 11:32:40 +0000
West Virginia Governor Jim Justice has appointed James A. Dodrill as insurance commissioner, effective March 4, 2019. Dodrill succeeds Allen McVey, who was appointed earlier this year as secretary of the West Virginia Department of Administration. For ...
Wed, 20 Feb 2019 11:12:01 +0000
French reinsurer SCOR, which was the target of a thwarted acquisition by rival Covea last year, posted a surge in overall 2018 net profits despite making a loss in the fourth quarter caused by a spate of natural disasters. Net …
Wed, 20 Feb 2019 09:42:44 +0000
Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London’s insurance market, which spans the Lloyd’s of London m...
Wed, 20 Feb 2019 08:50:37 +0000
European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a 430 million-euro …
Wed, 20 Feb 2019 06:00:56 +0000
The National Transportation Safety Board has issued five safety recommendations following completion of its investigation of the Aug. 27, 2016, chlorine release from a ruptured rail tank car near New Martinsville, West Virginia. There were eight injuri...
Wed, 20 Feb 2019 06:00:43 +0000
Justice Clarence Thomas called for the U.S. Supreme Court to overturn the landmark 1964 New York Times v. Sullivan ruling, which protects news organizations from most libel suits when they write about public figures. Adding to a list of far-reaching …
Wed, 20 Feb 2019 06:00:39 +0000
A high school student from Covington, Kentucky, sued the Washington Post for defamation on Tuesday, claiming the newspaper falsely accused him of racist acts and instigating a confrontation with a Native American activist in a January videotaped incide...
Wed, 20 Feb 2019 05:46:11 +0000
A volunteer firefighter from Nicholls, Ga., was arrested and charged with three counts of arson after a fire at a wood structure in Alma, Ga., according to a statement from the Georgia Department of Insurance (GADOI). Investigators in Safety Fire …