The family of a Jacksonville teenager who was left paralyzed by a falling tree limb will receive a $3.5 million settlement under a bill the Legislature sent to Gov. Rick Scott on Tuesday. If Scott signs the bill, Joseph and …
The article Family of Paralyzed Florida Teen Will Get $3.5M Settlement From New Law appeared first on Insurance Journal.
A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit rating of “bbb-” of Georgia Farm Bureau Mutual Insurance Co. and Georgia Farm Bureau Casualty Insurance Co., …
The article A.M. Best Revises Outlook to Stable for Georgia Farm Bureau Group Members appeared first on Insurance Journal.
A Georgia-based sperm bank said in a court filing this week that a lawsuit accusing it of misrepresenting the medical and social history of a sperm donor is baseless. Xytex Corp. responded to the lawsuit filed in Fulton County Superior …
The article Georgia Sperm Bank Responds to ‘Baseless’ Donor Misrepresentation Lawsuit appeared first on Insurance Journal.
South Carolina prosecutors want state law to de-emphasize video in drunken driving cases, saying too many are being dismissed because of imperfect recordings. But defense attorneys counter the solution is better officer training, not lowering of standards. Since 1998, state …
The article South Carolina Prosecutors: DUI Cases Should Rely Less on Police Video appeared first on Insurance Journal.
Walt Disney World must rehire three performers who were fired when they refused to wear soiled spandex unitards as part of their costumes for the “Festival of the Lion King” show, an arbitrator ruled this week. The workers said their …
The article Arbitrator Says Disney Must Rehire Workers Fired for Refusing to Wear Dirty Costumes appeared first on Insurance Journal.
Louisiana law enforcement associations have previously blocked efforts to get medical marijuana to patients who suffer, despite a 1991 state law allowing its medicinal use. That changed on April 29. Michael Ranatza, head of the Louisiana Sheriffs’ Association, suggested a …
The article Louisiana Senate Committee OKs Medical Marijuana Bill appeared first on Insurance Journal.
A small township east of Indianapolis has its first tornado siren thanks to the efforts of a Girl Scout. WISH-TV reports the siren was installed April 28 in the Hancock County community of Green Township. The nearest siren had been …
The article Indiana Township Gets Tornado Siren with Girl Scout’s Help appeared first on Insurance Journal.
The Oklahoma House has approved legislation to ban texting and driving in the state. Without debate, the House voted 85-7 for the bill and sent it to Gov. Mary Fallin for her signature. Applause broke out in the chamber after …
The article Oklahoma House Approves Ban on Texting and Driving appeared first on Insurance Journal.
Few of the tourists who drive old Route 66 through this rural Illinois town are aware of its true economic engine: a booming business in asbestos lawsuits that attracts law firms from across the country. Since 2005, those lawsuits have …
The article Illinois’ Madison County a Center for Asbestos Lawsuits appeared first on Insurance Journal.
The Oklahoma Supreme Court has declined to take up a case challenging the constitutionality of the portion of the state’s workers’ compensation law that allows companies to employ an alternative to workers’ compensation in providing benefits to injured workers. The law, …
The article Oklahoma High Court Won’t Hear Challenge to Work Comp Alternative appeared first on Insurance Journal.
San Diego, Calif.-based ICW Group Insurance Cos. in California has named Danny Engell vice president of enterprise strategic planning and analytics. In this newly created position Engell will report to President and CEO Kevin Prior. He will be responsible for …
The article ICW Group in California Names Engell Head of Data And Analytics appeared first on Insurance Journal.
With the biggest boxing match in years just days away, the fight to keep it off illegal streaming sites is well under way. HBO, Showtime, and the promoters for Manny Pacquiao and Floyd Mayweather filed a federal lawsuit on Tuesday seeking to …
The article Mayweather-Pacquiao Boxing Match Tests Media Copyright appeared first on Insurance Journal.
A federal judge in Louisiana has ruled oil spill cleanup workers who sue BP for medical problems that surface later in life have the right to make their case before a jury. The BP oil spill medical settlement reached in …
The article Jury Trials OK’d for Medical Lawsuits over BP spill Clean Up appeared first on Insurance Journal.
Jeni’s Splendid Ice Creams is destroying more than 265 tons of ice cream after listeria was found in the production facility and in products last week. CEO John Lowe says in a statement that the product to be destroyed amounts …
The article Listeria Leads Ohio’s Jenis Splendid Ice Creams to Destroy 265 Tons of Product appeared first on Insurance Journal.
A federal agency’s draft report on a suspected arson fire that killed two Ohio firefighters last year said that an inadequate water supply was among several factors that contributed to their deaths. The report also noted shortcomings in risk assessment, …
The article Inadequate Water Supply among Factors Ohio Firefighter Deaths: Report appeared first on Insurance Journal.
A court fight over use of a new Dow Chemical herbicide on genetically engineered U.S. corn and soybean crops is growing to encompass 15 Midwestern states after the company recently won federal approval for more widespread application. Conservationists, food safety …
The article Court Fight over Dow Chemical Herbicide Widens to 15 States appeared first on Insurance Journal.
Multiple hailstorms in Texas over the second half of April are expected to result in at least 60,000 auto insurance claims, the Insurance Council of Texas reported. “Hail and windstorm claims are still coming in from almost every corner of …
The article 60K Auto Insurance Claims Expected from April Hailstorms in Texas appeared first on Insurance Journal.
Kimberly El Amrani is the recipient of The Matt Wells Scholarship for The National Alliance Producer School on May 13-15 in Tallahassee, Fla. El Amrani is the principal owner/agent with Prime Insurance Group LLC, in Henrico, Va. Selected for her …
The article El Amrani Awarded Matt Wells Producer School Scholarship appeared first on Insurance Journal.
Portage, Mich.-based managing general agency and surplus lines broker J.M. Wilson has promoted Jennifer Councell to fleet transportation underwriter. Specializing in 11-15 power unit accounts, Councell is responsible for quoting new and renewal business for independent insurance agents in 21 …
The article J.M. Wilson Promotes Councell as Fleet Underwriter appeared first on Insurance Journal.
Joanna M. Tollenaere joins Texas-based independent insurance brokerage firm Roach Howard Smith & Barton as a commercial sales executive. She will focus on developing new client relationships and strategic partnerships with companies in both the public and private sectors. Tollenaere …
The article Tollenaere Joins Roach Howard Smith & Barton in Texas appeared first on Insurance Journal.
Insurance brokerage Rutherfoord, a Marsh & McLennan Agency LLC company, hired Wrenna Armwood as senior private risk account manager. Armwood is based in Rutherfoord’s Alexandria, Virginia, office. As senior private risk account manager, Armwood’s main responsibilities are to service insurance …
The article Rutherfoord Hires Armwood as Senior Private Risk Account Manager in Virginia appeared first on Insurance Journal.
A magnitude 3.4 earthquake hit Carson, Calif. early Thursday, but no damage was reported. The quake was widely felt from downtown Los Angeles to Long Beach. It hit at 7:01 a.m. at a depth of 9.1 miles, according to the …
The article Small quake Strikes Southern California, No Damage Reports appeared first on Insurance Journal.
Swiss Re, Europe’s second-biggest reinsurer, said regulators should prevent catastrophe bonds from being repackaged like subprime mortgages. “It’s important for traditional players like us and regulators that we make sure we don’t get into a situation where you start having …
The article Catastrophe Bonds Risk Subprime Slice-Up, Swiss Re Says appeared first on Insurance Journal.
Kimberly El Amrani is the recipient of The Matt Wells Scholarship for The National Alliance Producer School, which will be held May 13-15 in Tallahassee, Florida. She is the principal owner/agent with Prime Insurance Group, LLC, a Trusted Choice agency …
The article Virginia Agency Owner Earns Wells Producer Scholarship appeared first on Insurance Journal.
Appalachian State University’s risk management student team has been named the winner of the Spencer-RIMS Risk Management Challenge. The announcement was made at the RIMS 2015 Conference & Exhibition Finale, by RIMS Executive Director Mary Roth. Established in 1979 to …
The article North Carolina’s Appalachian State Wins 2015 RIMS Risk Management Challenge appeared first on Insurance Journal.
The average medical payment per claim for treating injured workers fell by 5 percent in California in 2013, according to a study by the Workers Compensation Research Institute. The findings could reflect some early impact of the state’s reform legislation, …
The article WCRI: Medical Payment Per Claim in California Fell Following Reforms appeared first on Insurance Journal.
Consolidated Edison Inc and New York City have been hit with a new lawsuit alleging that their carelessness contributed to a 2014 gas explosion in Manhattan’s East Harlem neighborhood that killed eight people and injured more than four dozen. The …
The article Con Ed, NYC Face New Lawsuit Over 2014 Harlem Gas Explosion appeared first on Insurance Journal.
A measure to add penalties for habitual drunken drivers has advanced in the state Senate after weeks of delay. The felony DUI bill would make a fourth DUI a felony punishable by up to six years in prison and a fine of …
The article Felony DUI Bill in Colorado Passes Key Senate Test After Changes appeared first on Insurance Journal.
California businesses and residents that waste the most water as the state copes with a drought should face $10,000 fines, Gov. Jerry Brown said, as his administration rejected calls from cities to relax its mandatory water conservation targets. The recommendation …
The article California’s Brown Wants to Battle Drought With Fine For Water Wasters appeared first on Insurance Journal.
California would aggressively reduce greenhouse gas emissions by 2030 under an ambitious plan announced by Gov. Jerry Brown. The governor’s executive order goes further than a federal proposal also aiming to curb global warming but lacks specifics on how to …
The article California Governor’s Aggressive Plan to Reduce Greenhouse Gases appeared first on Insurance Journal.
Playboy Enterprises Inc. claims Sheppard Mullin Richter & Hampton LLP committed malpractice by not advising it to settle a retaliatory-firing lawsuit. The case is anything but salacious. Catherine Zulfer initially sued Playboy in 2012, alleging she was fired for refusing …
The article Playboy Verdict Leads to Malpractice Suit in California appeared first on Insurance Journal.
Two separate federal judges in Manhattan have shown that it’s difficult to prove that a college’s procedures for handling sexual assault allegations violate Title IX. In the past month, both Columbia University and Vassar College have won cases challenging their …
The article Title IX Cases Against Columbia and Vassar Are Dismissed appeared first on Insurance Journal.
Fosun Group will co-develop a luxury residential tower in New York, underscoring the Chinese company’s growing appetite for U.S. property holdings after its One Chase Manhattan Plaza purchase in 2013. Fosun will develop the 47-story condominium tower on Madison Avenue …
The article Fosun to Co-Develop New York Apartment Project in U.S. Expansion appeared first on Insurance Journal.
New York-based specialty insurer Assurant, Inc. said it is exploring strategic alternatives for its employee benefits and health business segments, including the sale of each business. If it can’t sell its health business segment before too long, the company said …
The article Assurant to Exit Employee Benefits, Health Insurance appeared first on Insurance Journal.
The U.S. Supreme Court on Wednesday buoyed companies facing the Equal Employment Opportunity Commission over potential accusations of discrimination. In a unanimous ruling, the justices said courts have the power to enforce the statutory requirement that the EEOC try to …
The article Supreme Court: EEOC Must Try Conciliation with Businesses Before Litigation appeared first on Insurance Journal.
Beazley Group has hired a former Hiscox executive to help expand its miscellaneous medical insurance capabilities. Christopher Dunlavy will be based in Beazley’s Atlanta office. The miscellaneous medical team underwrites combinations of medial professional liability, general liability, products liability and …
The article Beazley Adds Hiscox’s Dunlavy to Medical Team in Atlanta; Also Schoenthal appeared first on Insurance Journal.
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2015 of $156 million, or $1.54 per diluted common share, compared with $137 million, or $1.24 per diluted common share, for the first …
The article AXIS Reports Q1 Operating Income of $136M on Low Catastrophe Losses appeared first on Insurance Journal.
Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system, How are all those buyers doing it? With Bitcoins, of course. The growing use of the six-year-old …
The article Bitcoins: The Next Cyberinsurance Risk? appeared first on Insurance Journal.
Dublin-based XL Group plc reported first quarter operating net income of $194.4 million, or $0.75 per share, for the first quarter on a fully diluted basis, down from $238.6 million, or $0.85 per share, for the same period in 2014. …
The article XL Reports Q1 Operating Net Income of $194.4M, Combined Ratio at 88.9% appeared first on Insurance Journal.
Swiss Re reported strong results for the first quarter of 2015, with net income rising 17 percent to $1.4 billion and ROE of 16.1 percent, “driven by profitability across all Business Units and strong investment results.” Highlights for Swiss Re’s …
The article Swiss Re Posts 17% Increase in Q1 Net income to $1.4 Billion appeared first on Insurance Journal.
Standard & Poor’s Ratings Services Made clear that despite its April 28 rating action on Bermuda, “its counterparty credit and financial strength ratings on all Bermuda-based (re)insurance companies are unchanged.” S&P noted that it currently rates many (re)insurers in Bermuda …
The article Bermuda Sovereign Downgrade Does Not Affect Bermudian (Re)Insurers: S&P appeared first on Insurance Journal.
SASSI, the Salon and Spa Specialty Insurance agency, has launched a fully automated website for electrologists and their insurance brokers to purchase insurance through called SASSI Insure It!. SASSI Insure It! guides qualified customers from the insurance application to electronic …
The article SASSI Introduces Online Insurance Option for Electrologists appeared first on Insurance Journal.
Georgia education officials say they’re working with the state health department to make sure ice cream products that were recently recalled aren’t being served in schools. Department of Education spokesman Matt Cardoza said in a statement that the Georgia Department …
The article Georgia Education Officials Checking Schools for Recalled Ice Cream appeared first on Insurance Journal.
Environmental activists said that mountaintop removal coal mining has been expanding closer to communities in central Appalachia in recent years, with nearly half of the 50 areas most at risk in West Virginia. As part of its campaign to end …
The article New Mining Map Tool from Environmental Activists Finds West Virginia Most at Risk appeared first on Insurance Journal.
Using drones to take photos of people on their own property could soon be illegal in Florida. The Florida Legislature sent a bill to Gov. Rick Scott this week that places limits on the use of remote-controlled drones. If Scott …
The article Bill Limiting Drone Use in Florida Sent to Governor appeared first on Insurance Journal.
Orchid Underwriters Insurance Agency, LLC, a specialty underwriter of property insurance focused on coastal properties and based in Vero Beach, Fla., has named Chuck Fillizola as chief information officer. In this newly created position, Fillizola will play a decisive role …
The article Florida-Based Orchid Underwriters Names New CIO appeared first on Insurance Journal.
A class-action lawsuit against Farmers Insurance on behalf of female attorney employees was filed on Wednesday in federal court, alleging the insurance giant has discriminatory policies and practices. The suit accuses Los Angeles, Calif.-based Farmers of unlawfully paying its female …
The article Farmers Sued by Female Employee Attorney for Discrimination appeared first on Insurance Journal.
An insurance company is asking a federal judge in Delaware to declare that it’s not obligated to defend the ex-wife of serial political candidate Richard Korn against his defamation lawsuit. Liberty Mutual argues in a complaint filed Monday that a …
The article Insurance Company Wants Out of Defamation Suit in Delaware appeared first on Insurance Journal.
New York Gov. Andrew Cuomo announced new regulations Wednesday that would crack down on what officials describe as kickbacks and other improper expenditures in the state’s title insurance industry. These improper expenses have been significantly inflating title insurance premiums for New York consumers, the …
The article N.Y.’s New Regulations Aim to Reduce Title Insurance Costs appeared first on Insurance Journal.
The last time Ringling Bros. and Barnum & Bailey circus performed in Rhode Island, eight acrobats suspended by their hair plummeted to the ground before a crowd of thousands. A single metal clip that held them 20 feet aloft had …
The article Circus Returns to Rhode Island Year After Hair-Hanging Fall appeared first on Insurance Journal.
U.S. Risk Insurance Group Inc. hired Gary M. Neidle as vice president and branch manager of a new Hartford, Connecticut, office of its affiliate company, U.S. Risk Underwriters Inc. Neidle brings with him over 23 years of experience in the …
The article U.S. Risk Insurance Group Hires Neidle as VP in Connecticut appeared first on Insurance Journal.
High winds blew rail cars off the Huey P. Long Bridge and more than 200,000 homes and businesses lost power Monday morning as a line of severe thunderstorms moved across southeast Louisiana. Five rail cars carrying six to eight freight …
The article Rail Cars Blown Off Louisiana Bridge During Severe Storms appeared first on Insurance Journal.
Federal investigators say the Chicago Transit Authority shares in the blame for an accident last year in which a commuter train operator fell asleep and crashed into a platform at the O’Hare airport station, sending the lead car barreling up …
The article Feds Say Chicago Transit Partly to Blame for Airport Train Derailment appeared first on Insurance Journal.
A band of tornadoes that swept across parts of rural Texas over the weekend flattened buildings, tore the roofs off other structures and forced people to rush for shelter, the National Weather Service said. National Weather Service meteorologist Matt Bishop …
The article NWS Confirms at Least 8 Twisters Touched Down in Texas appeared first on Insurance Journal.
U.S. Risk Insurance Group Inc. named Brian Edwards a senior broker in the Dallas office of U.S. Risk Brokers Inc. Edwards has more than 12 years of experience in the insurance industry. He specializes in brokerage of excess and surplus (E&S) commercial …
The article Edwards Named Senior Broker in U.S. Risk Brokers’ Dallas Office appeared first on Insurance Journal.
Dallas-based insurance wholesaler CPro Associates Inc. now offers nonsubscriber plans to agents with clients that have elected to opt out of Texas workers’ compensation. CPro Associates reached an agreement with Western Heritage Insurance Co. of Scottsdale, Ariz., to underwrite nonsubscriber …
The article CPro Associates Enters Texas Work Comp Nonsubscriber Market appeared first on Insurance Journal.
Scott Huiras senior vice president–Claims at Appleton, Wis.-based SECURA Insurance is retiring August 2015 after 38 years of service. The company has promoted Larry Wright to vice president–Claims to take over leadership of its claims division upon Huiras’ retirement. Huiras …
The article SECURA’s Huiras to Retire, Wright Promoted to VP-Claims appeared first on Insurance Journal.
The deadly bird flu virus was found in an egg-laying flock with 3.7 million chickens in northwest Iowa in addition to four more poultry farms, state agriculture officials said. The virus will now cost Iowa egg producers about a sixth …
The article Bird Flu Found in 5 more Northwest Iowa Farms appeared first on Insurance Journal.
The Massachusetts House has voted to soften the impact of a new state law that requires motorists to turn their headlights on whenever they are operating their windshield wipers. Under a state budget amendment approved unanimously on Monday, the headlights …
The article Massachusetts House Removes Insurance Penalty From Headlights Rule appeared first on Insurance Journal.
The Baltimore Orioles will play a home game against the Chicago White Sox on Wednesday in an empty stadium, a safety precaution due to the downtown riots triggered by a black man’s death while in police custody. The Orioles had …
The article Orioles to Play Game in Empty Baltimore Ballpark Wednesday appeared first on Insurance Journal.
Bumble Bee Foods and two managers have been charged by Los Angeles prosecutors with violating safety regulations in the death of a worker who was cooked in an industrial oven with tons of tuna. Jose Melena was performing maintenance in …
The article Bumble Bee, 2 Managers Charged in Oven Death of California Worker appeared first on Insurance Journal.
A long-awaited bill to make it harder to sue Colorado homebuilders for defective construction has failed in the Colorado legislature. The bill was rejected Tuesday by a House committee controlled by Democrats. The measure would have revised procedures for construction …
The article Construction Lawsuit Liability Bill Defeated In Colorado House appeared first on Insurance Journal.
Uninsured drivers could see potential payouts from car-crash lawsuits limited under a proposed Nevada law. Republican Assemblyman Pat Hickey of Reno is sponsoring AB7 and presented the measure this week to the Senate Judiciary Committee. The measure would allow uninsured …
The article Nevada Bill Would Limit Payouts for Uninsured Drivers in Crashes appeared first on Insurance Journal.
Los Angeles fire officials say a brush fire in California that that briefly threatened homes in a heavily populated suburban neighborhood was caused by sparks from a power tool that a homeowner was using to clear brush. Fire Department spokesman Brian Humphrey …
The article California Suburban Wildfire Sparked by Power Tool appeared first on Insurance Journal.
A popular mud run in Southern California has been canceled because officials don’t want to expend the water during the state’s historic drought. The Riverside Press-Enterprise newspaper reported that it would have required thousands of gallons to create the course …
The article Mud Run in Southern California Canceled Due To Drought appeared first on Insurance Journal.
The Florida House passed a bill Monday to study and regulate fracking, as well as prevent local governments from banning the oil and gas drilling practice. Democrats strongly opposed the bill, saying hydraulic fracturing would put the water supply at …
The article Florida Houses Passes Bill to Study, Regulate Fracking in State appeared first on Insurance Journal.
Federal prosecutors say a central Georgia hospital system has agreed to a multimillion dollar settlement to resolve allegations of fraudulent Medicare billing. Authorities say the Medical Center of Central Georgia has agreed to pay $20 million to settle claims that …
The article Second Largest Georgia Hospital to Settle False Medicare Billing Charges for $20M appeared first on Insurance Journal.
Six ride-related injuries have occurred at Walt Disney World during the first three months of 2015, and seven were reported at Universal. The major theme-parks released their quarterly injury reports to Florida as part of an agreement with the state. …
The article Major Florida Theme Parks Report 13 Injuries in First Quarter appeared first on Insurance Journal.
Esurance has become Major League Baseball’s exclusive auto insurance partner in a multiyear agreement that includes title sponsorship of the sport’s new all-digital All-Star balloting. Neither MLB nor Esurance, which was bought by Allstate Corp. in 2011 as part of …
The article Esurance Becomes Baseball’s Exclusive Auto Insurance Partner appeared first on Insurance Journal.
Ping An Insurance (Group) Co., China’s second-biggest insurer, said first-quarter profit rose 85 percent as stock-market rallies boosted investment returns and banking revenue expanded. Net income climbed to 20 billion yuan ($3.2 billion), or 2.19 yuan a share, in the …
The article Ping An Profit Rises After Stock Rally Boosts Investment Returns appeared first on Insurance Journal.
Trinity Industries Inc. was sued by shareholders alleging the company failed to disclose it made changes to its guardrail safety system without government review. At least two lawsuits were filed in federal court in Dallas accusing the company of making …
The article Shareholders Sue Trinity Over Guardrail Safety Disclosure appeared first on Insurance Journal.
Even with historic levels of recalled vehicles in 2014, with General Motors Co. ignition switches and exploding Takata Corp. air bags leading to deaths, U.S. regulators say consumers don’t always get the message. Defective cars only get repaired about two-thirds …
The article Automakers Frustrated Consumers Ignore Recall Repairs appeared first on Insurance Journal.
Bermuda-based Arch Capital Group Ltd. reported that net income available to Arch common shareholders for the 2015 first quarter was $277.9 million, or $2.16 per share, compared to $177.0 million, or $1.30 per share, for Q1 2014. The Company also …
The article Arch Capital Posts $277.9 Million Q1 2015 Net Income appeared first on Insurance Journal.
A broker who does not fully understand a client’s business or lacks direct links with insurers may not only fall short in advising on coverage but can cause headaches on all sides of the insurance relationship, a policyholder attorney with …
The article RIMS Report: What Risk Managers Expect from Their Insurance Brokers appeared first on Insurance Journal.
The death toll from the devastating earthquake in Nepal four days ago passed 5,000 on Wednesday as officials conceded they had made mistakes in their initial response, leaving survivors stranded in remote villages waiting for aid and relief. Over 200 …
The article Tensions Rise in Nepal after ‘Weak’ Response to Deadly Quake appeared first on Insurance Journal.
Business technology and services provider Xchanging plc announced that the UK’s Competition and Markets Authority (CMA) “has delivered its formal decision to clear the completed acquisition of Agencyport Europe. Xchanging said the acquisition would “broaden and strengthen its existing insurance …
The article UK Regulator Approves Xchanging’s Acquisition of Agencyport Europe appeared first on Insurance Journal.
French reinsurer SCOR reported that the April renewals saw SCOR Global P&C’s gross written premiums increased by 5.8 percent from €374 million [$411 million] to €396 million [$436 million], at constant exchange rates as of December 31, 2014. SCOR also …
The article SCOR Global P&C Posts 5.8% Premium Increase for April Renewals appeared first on Insurance Journal.
Willis Group Holdings plc reported its results for the three months ended March 31, 2015, which show that total reported commissions and fees for the period were $1.081 billion, down 0.9 percent from $1.090 billion in the first quarter of …
The article Willis Reports Q1 Fees & Commissions Down 0.9% at $1.081 Billion appeared first on Insurance Journal.
PartnerRe Ltd., the reinsurer that agreed to combine with Axis Capital Holdings Ltd., said it would refuse to answer questions on its first-quarter earnings call about the unsolicited $6.4 billion buyout offer from EXOR SpA. PartnerRe’s board is evaluating the …
The article PartnerRe Ducks Questions in Call on EXOR’s $6.4 Billion Offer appeared first on Insurance Journal.
Marsh has launched Marsh Cyber Monitor and Marsh Cyber View, new cyber risk assessment services to help the risk management community effectively understand, measure, and manage their cyber risk. These offerings are part of a broader effort by Marsh to …
The article Marsh Launches Cyber Risk Assessment Services appeared first on Insurance Journal.
The owners of the Green Cactus Collective Medical Marijuana Dispensary in Palmdale, Calif., were arrested on multiple felony counts of insurance fraud. Tiffany Shorter, 26, and Jabe Satterfield, 77, failed to carry workers’ comp benefits for their employees and allegedly …
The article California Pot Dispensary Owners Nabbed For Workers’ Comp Fraud appeared first on Insurance Journal.
Venture Insurance Programs, a program administrator in West Chester, Pennsylvania, promoted Chris Anciborenko to chief financial officer. In this new role, Anciborenko is responsible for strategic financial planning and execution, budgeting and forecasting across all financial platforms, and change initiation …
The article Venture Insurance Programs Promotes Anciborenko to CFO in Pennsylvania appeared first on Insurance Journal.
Organized labor is marking Workers Memorial Day by calling on the Connecticut legislature to pass bills intended to improve employee safety. One measure would require the state’s Department of Administrative Services to report complaints of bullying or abusive conduct among …
The article Connecticut Labor, Advocates to Honor Workers Who Died on the Job appeared first on Insurance Journal.
Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem – complexities such as the long tail of liability …
The article Could New Insurance Players Disrupt the Market? appeared first on Insurance Journal.
Ironshore International’s Specialty Casualty unit of Ironshore Europe Limited (IEL), the Specialty Casualty unit and its Pembroke Lloyd’s Syndicate 4000 have joined with Lloyd’s Antares Syndicate 1274 and Markel Global Insurance to form XXV Consortium. The newly created XXV Consortium …
The article Ironshore International Forms Lead Umbrella Consortium for U.S. Companies appeared first on Insurance Journal.
Louisiana’s overall labor force and the number of those employed in the labor force both grew in March, according to not seasonally adjusted data released by the federal Bureau of Labor Statistics. The state’s civilian labor force grew by 27,906 …
The article Louisiana Labor Force, Employment Increase appeared first on Insurance Journal.
Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or underpaid. Officials with the Federal Emergency …
The article Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks appeared first on Insurance Journal.
Helmerich & Payne Inc. (H&P), a Tulsa, Okla.-based drilling contractor, will pay a former employee $59,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to the EEOC’s lawsuit, the …
The article Oklahoma Driller to Pay $59K to Settle Disability Discrimination Suit appeared first on Insurance Journal.
Alaska Gov. Bill Walker has declared a state disaster in response to a fire that crippled water service in the village of Alatna. The boiler fire April 15 damaged the community’s multi-purpose building and caused electrical damage that knocked out …
The article Alaska Governor Declares Disaster From Fire In Interior Village appeared first on Insurance Journal.
Meadowbrook Insurance Group, Inc., headquartered in Southfield, Mich., announced that the group’s shareholders have formally approved the pending acquisition of Meadowbrook by Fosun International Limited. Upon completion of the transaction, each share of Meadowbrook common stock will convert into the …
The article Meadowbrook Insurance Shareholders Approve Acquisition by Fosun appeared first on Insurance Journal.
Lockton Companies announced that David Callis has joined its Washington, DC office as Vice President and Producer. He will “work closely with Lockton’s clients and prospects on international risk issues, sharing his deep technical expertise in political risk and structured …
The article Callis Joins Lockton’s DC Office for Political Risk, Structured Credit appeared first on Insurance Journal.
Applications to build storm shelters have spiked a month after a tornado touched down in Moore, Okla. Moore spokeswoman Deidre Ebrey says officials there have noticed an increase in the number of people applying for storm shelters since the March …
The article Storm Shelter Permit Applications Rise in Moore, Oklahoma appeared first on Insurance Journal.
A California mental health facility is being sued by the family of Kevin Turner, who was found suffocated in his bed last year. The San Luis Obispo Tribune reported the lawsuit against Atascadero State Hospital says Turner was put at risk …
The article Patient Death at California Mental Facility Results in Suit appeared first on Insurance Journal.
An apparent cyberattack Sunday temporarily disrupted the main website of Thirty Meter Telescope, the organization trying to construct one of the world’s largest telescopes near the summit of Mauna Kea on Hawaii’s Big Island. Thirty Meter Telescope spokeswoman Caroline Witherspoon …
The article Apparent Cyberattack Takes Down Hawaii Telescope Website appeared first on Insurance Journal.
Truck drivers who haul goods from the busiest port complex in the United States walked off the job Monday in a dispute over their wages and employee status, months after another West Coast labor conflict cost major delays in billions …
The article Truckers at Major California Port Strike Over Wages appeared first on Insurance Journal.
The Michigan Department of Insurance and Financial Services (DIFS) has summarily suspended the licenses of insurance agent Daniel Castle and Mears Insurance Agency. Mears marketed business through the website theatreinsurance.com and the “National Community Theatre Coalition”, a theater insurance program …
The article Michigan Insurance Regulators Suspend Licenses of Agent, Agency appeared first on Insurance Journal.
Farmington Hills, Mich.-based Amerisure Mutual Insurance Co. promoted Tina McKenzie to director of service desk and operations. McKenzie will continue to be based in Farmington Hills and report to Jeff Trees, Amerisure vice president of infrastructure. McKenzie is responsible for …
The article Amerisure Promotes McKenzie to Director, Service Desk and Operations appeared first on Insurance Journal.
The U.S. Supreme Court will consider a business-backed bid to put new limits on Congress’s power to authorize consumer lawsuits in federal court. The justices said they will hear an appeal from the data broker Spokeo Inc. in a dispute …
The article Supreme Court to Hear Case on Limiting Consumer Lawsuits appeared first on Insurance Journal.
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, said first-quarter profit fell 5.7 percent as results deteriorated at P/C units. Net income dropped to $467 million, or $1.08 a share, from $495 …
The article Hartford Reports Profit Declined in Q1 appeared first on Insurance Journal.
Roy Woodall, a member of the U.S. panel charged with preventing another financial crisis, said he is concerned that global regulators have too much influence over policy in Washington. “International regulatory organizations may be attempting to exert what I consider …
The article FSOC’s Woodall Warns of ‘Inappropriate’ Global Influence On U.S. Policy appeared first on Insurance Journal.
The cost to rebuild Nepal after its most devastating earthquake in eight decades will exceed $10 billion and take years, Finance Minister Ram S. Mahat said. The death toll from the 7.8 magnitude temblor on April 25 has already exceeded 4,300 and …
The article Update: Nepal Says Earthquake Rebuilding to Exceed $10B, Will Take Years appeared first on Insurance Journal.
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed James Engel as chief claims officer with responsibility for the overall strategic direction of the company’s global claims operation. Engel joins Endurance with …
The article Endurance Specialty Appoints James Engel as Chief Claims Officer appeared first on Insurance Journal.
Bermuda-based PartnerRe Ltd. reported net income of $231.7 million, or $4.76 per share for the first quarter of 2015. The figure includes net after-tax realized and unrealized gains on investments of $100.3 million, or $2.06 per share. By comparison net …
The article PartnerRe Reports $231.7 Million Q1 Net Earnings; $150.5 Operating appeared first on Insurance Journal.
Willis Group Holdings announced that it has been appointed lead insurance broker and risk adviser to the BLOODHOUND Supersonic Car (SSC), including the building and testing of the vehicle as well as its forthcoming world record attempt. Willis explained that …
The article Willis Selected as Broker for ‘BLOODHOUND’ Supersonic Car appeared first on Insurance Journal.
A new report on cyber governance commissioned by Zurich Insurance Group highlights challenges to digital security and identifies new opportunities for business. The sturdy calls for the “establishment of guiding principles to build resilience and the establishment of supranational governance …
The article Zurich Calls for ‘Supranational’ Oversight to Strengthen Cyber Security appeared first on Insurance Journal.
Bermuda-based Everest Re Group, Ltd. reported net income of $323.0 million, or $7.19 per diluted common share, for the first quarter of 2015, compared to net income of $293.9 million, or $6.21 per diluted common share, for the first quarter …
The article Everest Re Reports Q1 Net Income of $323M, Up From $293.9M in 2014 appeared first on Insurance Journal.
XL Group plc Chief Executive Officer Mike McGavick said that while he shuns casinos unless he’s with his mother-in-law, he’s felt lately like he was sitting at a “high stakes table” as he made insurance deals. McGavick announced a plan …
The article XL CEO: ‘Reinsurance Sector Littered With Roadkill’, Playing High Stakes Game appeared first on Insurance Journal.
Recordings from cameras worn by North Carolina police officers or attached to their vehicle dashboards and used for criminal investigations would be confidential with some exceptions in legislation getting support at the General Assembly. The bill that passed the House …
The article Proposed North Carolina Law Allows Courts to Order Release of Police Videos appeared first on Insurance Journal.
The Villages Insurance has added Matt Cameron as managing advisor to its Pinellas Plaza, Fla., office. Cameron has over 23 years experience in the insurance industry, most recently as an agent at the local AAA office. Cameron became a member …
The article Florida-Based The Villages Insurance Adds Cameron as Managing Advisor appeared first on Insurance Journal.
Local governments in Tennessee can no longer bar people with handgun carry permits from bringing firearms to parks, playgrounds and sports fields under legislation signed last week by Republican Gov. Bill Haslam. In a letter to the speakers of the …
The article Governor Signs Bill Allowing Guns in Tennessee Parks appeared first on Insurance Journal.
The Metropolitan Transportation Authority, the nation’s largest commuter rail network, is on track to receive a nearly $1 billion federal loan for safety improvements meant to avoid a repeat of a 2013 derailment that killed four people, New York Gov. …
The article N.Y. to Get Nearly $1B Federal Loan to Make Commuter Rail Safer appeared first on Insurance Journal.
A widowed mother of two from Florida has been sentenced to four years in prison for burning down her former million-dollar home in Connecticut for the insurance money. The Connecticut Post reports that 39-year-old Amanda Azevedo pleaded with a state …
The article Widow Gets 4 Years for Burning Million-Dollar Conn. Home for Insurance Money appeared first on Insurance Journal.
Massachusetts’ Executive Office of Housing and Economic Development (EOHED) announced Monday that Daniel R. Judson has been appointed as the state’s new insurance commissioner. Judson succeeds Joseph Murphy who stepped down from the post in December to join Coverys, a …
The article Judson Announced as Massachusetts’ New Insurance Commissioner appeared first on Insurance Journal.
Giant auto insurer Geico said Monday it is hiring more than 300 associates in 2015 to add to its office in Woodbury, located in Long Island, New York, as well as legal offices located throughout Long Island, New York. Geico …
The article Geico to Add More Than 300 Associates in Long Island, N.Y., This Year appeared first on Insurance Journal.
The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of the cost will be incurred by insurers, according to Kinetic Analysis Corp. Damage in India could cost an additional $800 …
The article Nepal Earthquake Losses Could Top $2 Billion; Little Insurance Coverage appeared first on Insurance Journal.
The National Weather Service said as many as 12 tornadoes and hail the size of softballs pounded portions of north Texas overnight. The storms turned violent beginning near Rising Star in Eastland County and proceeded eastward for about 100 miles. Representatives …
The article North Texas Hit with Tornadoes, Large Hail appeared first on Insurance Journal.
Weather researchers in Oklahoma are working on a method to develop seasonal tornado forecasts that could predict the likelihood of the severe storms weeks in advance. Harold Brooks, senior research scientist at the National Oceanic and Atmospheric Administration’s National Severe …
The article Seasonal Tornado Forecasts Being Developed by Oklahoma Researchers appeared first on Insurance Journal.
A Minnesota city is suing six makers of sanitary wipes, saying their “so-called flushable wipes” are clogging sewer systems. According to the Star Tribune, the lawsuit from the city of Wyoming says flushable wipes stay intact long enough to pass …
The article Makers of Sanitary Wipes Sued by Minnesota City over Clogged Pipes appeared first on Insurance Journal.
St. Louis, Mo.-based Safety National Casualty Corp. has appointed Tom Grove to the position of senior vice president – business development. In his new role, Grove is responsible for leading Safety National’s business development, broker relations and sales functions. Grove …
The article Grove Named Sr. VP- Business Development at Safety National appeared first on Insurance Journal.
The Republican-led House will consider legislation that would cut auto insurance premiums in Michigan by $100 annually for two years and no longer let health providers charge car insurers much more to treat injured motorists than health plans are billed. …
The article Change to Michigan Auto Insurance Bills Requires $100 Premium Cut appeared first on Insurance Journal.
A former state representative and director of a statewide Oklahoma independent insurance agents group has been appointed to the board of director of the insurance company for the state’s workers’ compensation system. Gov. Mary Fallin has appointed Dan Ramsey to …
The article Ramsey Appointed to Oklahoma CompSource Board appeared first on Insurance Journal.
Aon Risk Solutions, the global risk management business of Aon plc, has unveiled the key risks as identified by its clients across the globe. Cyber risk made the list for the first time in the No. 9 spot, which the …
The article Brand Damage, Financial Head Aon’s Survey of Top 10 Global Risks appeared first on Insurance Journal.
An insurance company is asking a Pulaski County judge to declare it has no responsibility to pay court judgements against the homeowners policy of a follower of imprisoned evangelist Tony Alamo. The judgements are based on allegations that 71-year-old Sanford …
The article Insurer Files Suit against Follower of Imprisoned Arkansas Evangelist appeared first on Insurance Journal.
Governance of Minnesota’s health insurance exchange could be in for a change, but MNsure won’t go away entirely. The Democratic-led Minnesota Senate defeated GOP attempts to dismantle MNsure. Several MNsure-related amendments to a budget bill debated failed on party-line votes. …
The article Dismantle of Minnesota Health Insurance Exchange Fails in Senate appeared first on Insurance Journal.
Arson and homicide investigators are looking into the cause of an early morning fire over the weekend at a Southern California business where three people died. Los Angeles County Sheriff’s Department officials say fire crews responding to a call on …
The article Fire at Southern California Business That Killed 3 Under Investigation appeared first on Insurance Journal.
Drivers for ride-hailing services such as Uber or Lyft would be required to undergo state criminal background checks, and the companies would be required to carry at least $1 million in liability insurance for each ride, under legislation filed on …
The article Mass. Gov. Baker Calls for New State Regs on Ride-Hailing Companies appeared first on Insurance Journal.
The Washington Legislature has passed a measure to improve the safety of oil transportation due to a sharp increase in the number of oil-carrying freight trains in the state. Lawmakers reached a compromise Friday afternoon to resolve differences between competing …
The article Oil Train Safety Bill Passes Washington Legislature appeared first on Insurance Journal.
Three people who were injured when a drunken driver crashed his truck into a northern Idaho home have filed a lawsuit against the bar where the man drank before the accident. The Coeur d’Alene Press reported that the lawsuit on …
The article Idaho Family Injured in DUI Crash Sues Bar, Owners appeared first on Insurance Journal.
A task force will begin work this week with the Federal Emergency Management Agency’s national flood insurance program to examine problems that arose after Superstorm Sandy and to develop recommendations to correct them. U.S. Sens. Bob Menendez and Cory Booker, …
The article Task Force Launching to Examine Superstorm Sandy Problems appeared first on Insurance Journal.
Hub International Ltd. has added Robert Jellen to Hub’s Los Angeles, Calif.-based entertainment practice. Hub also added Seth Cohen, vice president, and Dany Rodriguez, account executive, to round out Jellen’s Los Angeles-based entertainment team. Jellen has more than 40 years …
The article Hub Names Jellen to Head its Entertainment Practice in California appeared first on Insurance Journal.
Florida is making it clear that anti-discrimination laws extend to pregnant women. The Florida Legislature on Friday passed a bill that would add pregnant women to the state’s existing civil rights law. The measure passed the Florida House by a …
The article Florida Bill Extends Civil Rights Protections to Pregnant Women appeared first on Insurance Journal.
Allianz SE, Europe’s biggest insurer, was cut to underperform by Jefferies Group as the investment bank warned insurance stocks may face an industrywide sell-off. “If bond yields fall further from here, the sector will likely sell off as investors factor …
The article Insurers May Face Stock Sell-Off as Bond Yields Drop to Record Lows appeared first on Insurance Journal.
Nearly a fifth of the National Football League settlement approved this week compensating former players with head injuries could go to their health insurers instead. As a result of federal laws and court rulings enabling insurers to recover costs of …
The article Insurers’ Payments to Reduce Players’ Benefit from NFL Concussion Deal appeared first on Insurance Journal.
The moment, almost 20 years later, remains crystal clear in the mind of Tommy Self. He was a volunteer firefighter in the tiny central Alabama town of Townley, about 10 miles west of Jasper. The department responded when an EF-5 …
The article Why Storm Chasers Do What They Do appeared first on Insurance Journal.
Popular ride-hailing firms like Uber and Lyft are fighting lawsuits in Atlanta and other cities from cab drivers, taxi and limousine companies claiming the techno upstarts are siphoning off passengers and profits by skirting regulations that ensure consumer safety. The …
The article Uber, Lyft Balk at Fingerprinting Georgia Drivers appeared first on Insurance Journal.
The U.S. government’s first attempt to set widespread rules for the use of civilian drones by businesses is drawing less reaction from the public than expected, a development that may help speed implementation of the proposal. The Federal Aviation Administration’s …
The article Muted Public Reaction Could Speed Up Commercial Drones appeared first on Insurance Journal.
Guy Carpenter & Company announced a new digital strategy, unveiling an innovative platform – GC Exchange℠ and its suite of electronic solutions, including GC MarketPlace℠ and GCReBID℠. Underlying the strategy is the web-based placement solution, GC MarketPlace℠ that facilitates all …
The article Guy Carpenter Unveils New Digital Strategy and Electronic Platform appeared first on Insurance Journal.
More and more drivers are making it easy for thieves. A new report by the National Insurance Crime Bureau (NICB) has found an increasing number of thefts of vehicles with the keys left inside. For the years 2012 through 2014, …
The article Top 5 States for Vehicle Thefts with Keys Left Inside appeared first on Insurance Journal.
Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has received its insurance license to provide all lines of general business in Australia, established operations in Sydney, and named Chris Colahan as president of its Australasia region. “BHSI is committed to …
The article Berkshire Hathaway Specialty Expands into Australia; Colahan Leads Region appeared first on Insurance Journal.
As scenes of devastation flashed around the world, the destruction and loss of life from the most severe earthquake to hit Nepal in 80 years has become apparent. Catastrophe modeling firm AIR Worldwide said the quake “struck Nepal on Saturday, …
The article Deadly Quake in Nepal; Aftershocks, Weather Hamper Rescue: AIR Analysis appeared first on Insurance Journal.
RENO, Nev.-based Employers Holdings Inc. has named Lori A. Brown senior vice president and deputy general counsel. Brown is based out of the company’s San Francisco and Walnut Creek, Calif. offices. She is the company’s primary attorney for employment and executive …
The article Employers Names Brown Senior Vice President in California appeared first on Insurance Journal.
Legislation that prohibits cities and towns from regulating oil and natural gas drilling operations was approved by the Oklahoma House on April 22, one day after the Oklahoma Geological Survey said it is “very likely” that a swarm of recent …
The article Bill Banning Local Drilling Rules Passes Oklahoma House appeared first on Insurance Journal.
Horse owners and private air strip operators would be exempt from liability in certain cases where people are injured under two bills that have moved through the Republican-controlled House. One bill, passed by a 79-31 vote, would add aviation to …
The article Michigan Bill Would Limit Liability of Private Air Strip Owners appeared first on Insurance Journal.
Ferguson, Mo., was sued by the family of an unarmed black teenager whose fatal shooting by a police officer triggered nationwide protests, while subsequent deaths at the hands of police fueled a national debate about how law enforcement treats minorities. …
The article Parents of Missouri Teen Killed by Police Sue City of Ferguson appeared first on Insurance Journal.
Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. “This is a catastrophe for both the turkey and the egg industries,” …
The article Bird Flu ‘Catastrophe’ Mounts in Midwest appeared first on Insurance Journal.
Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the 2013 Mayflower oil spill in central Arkansas, according to a consent decree filed in federal court Wednesday. The decree brokered between …
The article Exxon Mobil Subsidiaries to Pay Nearly $5M for Arkansas Pipeline Spill appeared first on Insurance Journal.
Texas could put red light cameras in the rearview mirror under a bill that has cleared the Texas Senate. Republican Sen. Bob Hall said that red light cameras “have failed miserably” before his bill was sent over to the House. …
The article Measure Would Ban Red Light Cameras in Texas appeared first on Insurance Journal.
A decade-old lawsuit seeking damages from the U.S. government over flooding from Hurricane Katrina and other storms is moving closer to resolution, and a judge’s latest filing indicates that at least some damages will be ordered. Judge Susan Braden of …
The article Ruling in Post-Katrina Flooding Suit Expected in Early May appeared first on Insurance Journal.
Two former Dixie State University women’s basketball players are accusing the Utah college of racial, sexual and religious discrimination in a federal lawsuit. The Spectrum newspaper in St. George reported the two ex-players accuse former women’s basketball coach Catherria Turner …
The article 2 Former Women’s Basketball Players Sue Utah College appeared first on Insurance Journal.
A woman filed a wrongful-death lawsuit this week against Southwest Airlines, claiming crew members mistook her husband’s medical emergency for unruly behavior aboard a California flight and didn’t assist him. Richard Ilczyszyn, 46, was found unconscious after the flight from Oakland …
The article Suit Says Southwest Failed in Medical Emergency Over California appeared first on Insurance Journal.
More than 143 million people in the mainland states now live on shaky ground, earthquake scientists say. That’s because more people have moved into the quake-prone West Coast and some quake zones were recently expanded, according to researchers from the …
The article Scientists: Western Migration Has Put 143M Americans in Quake-Prone Areas appeared first on Insurance Journal.
Cumberland County commissioners are considering an ordinance to fine the owners of dogs who bite someone and causes them to need medical attention. The Fayetteville Observer reported that the proposal to impose a $500 fine received preliminary approval Monday night. …
The article North Carolina County Considers $500 Fine for Dog Bite appeared first on Insurance Journal.
The Independent Insurance Agents & Brokers has given Jim Armitage the Woodworth Memorial Award, the highest honor IIABA bestows on one of its members, during the annual Big “I” legislative conference. Armitage is vice president of Arroyo Insurance in Arcadia, …
The article California’s Armitage Given Big “I” Highest Honor appeared first on Insurance Journal.
Vehicles with varying levels of self-driving capability will start to become available to consumers as early as this summer and it could then take 20 years for them to be the norm, according to a new report. The pace will …
The article How the Age of Autonomous Vehicles Will Evolve appeared first on Insurance Journal.
Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now. The Internal Revenue Service rules, released …
The article IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance appeared first on Insurance Journal.
AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in the first quarter, meeting analysts’ estimates. The measure of projected future profitability of new policies increased to $425 million in the three …
The article AIA Reports 20% Hike in New Business During 1st Quarter appeared first on Insurance Journal.
Allied World Global Markets has appointed Toby Geyman, assistant vice president, Onshore Construction, to further develop the product line. Geyman will be responsible for underwriting major U.K. and international onshore construction projects, operating from both the company’s Lloyd’s and European …
The article Allied World Global Markets Appoints Geyman, AVP, Onshore Construction appeared first on Insurance Journal.
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that the favorable treatment enjoyed by insurers …
The article Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS appeared first on Insurance Journal.
Standard & Poor’s Ratings Services said that its ratings on Willis Group Holdings plc (BBB-/Positive/–) “are not affected by the company’s proposed acquisition of the remaining 70 percent that it does not already own of French-based insurance broker Gras Savoye …
The article Willis Ratings ‘Not Affected’ by Gras Savoye Proposed Acquisition: S&P appeared first on Insurance Journal.
A former Alabama police chief is one of two men charged with insurance fraud for an October house fire. Sixty-two-year-old Thomas Fuller and 47-year-old Glenn Fuller were arrested Saturday and taken to DeKalb County Jail, reported AL.com. Authorities said the …
The article Former Alabama Police Chief Charged with Insurance Fraud for House Fire appeared first on Insurance Journal.
Mayor George Flaggs Jr. wants the Vicksburg Fire Department to reach a Class 1 fire rating — the top fire rating in the state that no other fire department in the state holds — within five years. According to the …
The article Mayor Sets Goal of Top Fire Rating for Vicksburg appeared first on Insurance Journal.
Connecticut Gov. Dannel P. Malloy is creating a new council to make sure the state of Connecticut meets its goals to reduce greenhouse gas emissions by 2050. Marking Earth Day on April 22, Malloy said Connecticut has already reduced emissions …
The article Connecticut Governor Creates Climate Change Panel appeared first on Insurance Journal.
Pennsylvania’s Acting Insurance Commissioner Teresa Miller announced Thursday that nearly 5,000 Pennsylvania consumers received $66.8 million in restitution payments or credits through the restoration of stolen funds, the payment of denied or underpaid claims, and the refunding of overcharged premiums …
The article Pennsylvania Returns $66.8M in Restitution Payments to Consumers in Q1 appeared first on Insurance Journal.
U.S. Sen. Charles Schumer, D-N.Y., says dairy farmers in New York state and across the country need help contending with falling milk prices. The Democrat says Wednesday that he wants the U.S. Department of Agriculture to change the rules on …
The article N.Y. Sen. Schumer: Ease Dairy Insurance Rules Amid Drop in Milk Prices appeared first on Insurance Journal.
New York State Police say they issued 17,447 tickets during their five-day “Operation Hang Up” distracted driving crackdown. From April 10 through April 15, troopers were on the lookout for drivers using cell phones, not properly buckled up, violating the …
The article N.Y. Troopers Issue 17,447 Tickets During ‘Operation Hang Up’ appeared first on Insurance Journal.
Connecticut Insurance Commissioner Katharine L. Wade announced Thursday that she has appointed John Thomson, director of the Connecticut Insurance Department’s Captive Insurance Regulation Division, as the Department’s deputy commissioner, effective immediately. Thomson joined the Department in 2012 to develop a …
The article Thomson to Serve as Connecticut Insurance Department’s Deputy Commissioner appeared first on Insurance Journal.
Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack Obama’s strategic shift toward Asia. Democrats and …
The article House, Senate Committees Pass Trade Authority Bills appeared first on Insurance Journal.
As much of the U.S. and the rest of the planet celebrated Earth Day, California politicos and leaders squabbled over how best to deal with the ongoing drought – which may or may not be caused climate change, depending on …
The article Earth Day, Climate Change and Drought appeared first on Insurance Journal.
A study from the Workers Compensation Research Institute indicates some benefits were had from California’s workers’ compensation reform bill. This WCRI 15th edition of the CompScope’ Benchmarks study tracks the provisions of Senate Bill 863, which sent into effect Jan. …
The article Workers’ Comp Study: California Reforms Lowered Medical Payments Per Claim appeared first on Insurance Journal.
California Insurance Commissioner Dave Jones approved a statewide rate reduction of 10 percent for earthquake insurance policies issued by the California Earthquake Authority. The reduction is effective Jan. 1, 2016. Jones also approved additional CEA coverage options for consumers, including …
The article California Department of Insurance Approves CEA Rate Reduction appeared first on Insurance Journal.
Bermuda-based holding company White Mountains Insurance Group Ltd. has agreed to provide up to $13 million to OneTitle National Guaranty Co. Inc. and will take a minority stake in the company. OneTitle is a licensed New York title insurance underwriter …
The article White Mountains Invests $13M in Title Insurer, OneTitle appeared first on Insurance Journal.
IFG Cos. has named Andrew P. Kempen senior vice president and chief pricing actuary. Kempen has more than 14 years of insurance-related actuarial experience in pricing, modeling and reserving. He joins IFG’s corporate actuarial department and will be based in …
The article IGF Cos. Names Kempen Senior Vice President in Colorado appeared first on Insurance Journal.
The Insurance Council of Texas (ICT) Education Foundation awarded 26 students at five Texas universities, $21,000 in academic scholarships. The students attend the University of Houston Downtown, the University of Texas at San Antonio, Texas Southern University in Houston, the …
The article Texas Insurers Group Honors 26 Students with Spring Scholarships appeared first on Insurance Journal.
Julia Miller Spracklen, J. D. has joined Texas-based independent insurance brokerage firm, Roach Howard Smith & Barton, as vice president of risk services, responsible for overseeing the employees and function of the risk services department. Spracklen joins RHSB from Travelers …
The article Spracklen Joins Texas’ Roach Howard Smith & Barton as VP appeared first on Insurance Journal.
The Oklahoma Geological Survey said it is “very likely” that most of the state’s recent earthquakes were triggered by the subsurface injection of wastewater from oil and natural gas drilling operations. Geologists have been studying the cause of hundreds of …
The article Oklahoma Geologists Also See Earthquake-Injection Well Link appeared first on Insurance Journal.
A measure to reinstate limits on lawsuit awards for pain and suffering in medical malpractice cases is heading to Missouri Gov. Jay Nixon’s desk three years after the state Supreme Court overturned lower caps. The Missouri House voted 125-27 to …
The article Missouri Bill with Medical Malpractice Caps Sent to Governor appeared first on Insurance Journal.
A group of state employees and retirees is asking a judge to reverse changes made to their insurance program, which cost many workers more out-of-pocket for lessened benefits. The lawsuit, announced on April 22, was filed in state district court …
The article Louisiana State Employees File Lawsuit over Changes to Insurance Program appeared first on Insurance Journal.
A growing number of Minnesota manufacturers are turning to robots amid a shortage of skilled workers. Minnesota Public Radio News reports small companies are following the lead of larger manufacturers. Bob Kill, president and CEO of consulting firm Enterprise Minnesota, …
The article Minnesota Manufacturers Relying on Robots Amid Worker Shortage appeared first on Insurance Journal.
Colorado lawmakers choked back tears and recalled the state’s painful history of school violence Tuesday as they advanced a plan intended to reduce school shootings by making public schools legally liable for student safety. The approval of the Republican-controlled Colorado …
The article School Shooting Liability Bill Advanced by Colorado Lawmakers appeared first on Insurance Journal.
A former grade school teacher in eastern Oregon says she was so scared when a man burst into her classroom and pulled the trigger on the pistol he pointed at her face that she suffers from post-traumatic stress disorder and …
The article Teacher Scared by Gunman in Drill Sues Oregon District for PTSD appeared first on Insurance Journal.
Major oil and gas driller Noble Energy has agreed to pay more than $73 million in a settlement with state and federal regulators over Colorado Front Range air-pollution violations. The Denver Post reported that the company’s tank batteries were emitting …
The article Oil, Gas Driller Settles for $73 M in Colorado Pollution Case appeared first on Insurance Journal.
The number of Californians who died on the job rose slightly in 2013, according to a Department of Industrial Relations report. The uptick apparently corresponds to California’s higher employment rates and its broad-based economic recovery. A review of the past …
The article Report Shows Occupational Fatalities in California Rose in 2013 appeared first on Insurance Journal.
Specialty underwriting manager Victor O. Schinnerer & Company hired Matthew Kletzli as senior vice president and Management Liability Practice leader. Kletzli will be based in the firm’s Chevy Chase, Maryland, headquarters and report to Chief Underwriting Officer John Wallace. In …
The article Schinnerer Taps AIG’s Kletzli to Lead Management Liability Practice in Maryland appeared first on Insurance Journal.
Authorities say a tornado touched down in an area of north Florida where dozens of homes were damaged by wind and failing trees. The Ocala Star Banner reported that no one was injured but at least a half dozen homes …
The article Tornado Damages Dozens of Homes in Ocala appeared first on Insurance Journal.
R. Douglas Haines, president and CEO of Buckeye Insurance Group, Piqua, Ohio, is the new chairman of the board of the American Association of Insurance Services (AAIS). Also, the group has elected David Kaufman, president and CEO of Motorists Insurance …
The article Buckeye’s Haines Becomes AAIS Chairman; Motorists’ Kaufman Elected to Board appeared first on Insurance Journal.
Reinsurance broker TigerRisk Partners has appointed industry veteran Paul Karon as vice chairman. In his new role, Karon will be a “senior leader, dealmaker, mentor and strategic advisor” to the Tiger leadership team, according to Rod Fox, CEO. Karon began …
The article Karon Joins TigerRisk Partners as Vice Chairman appeared first on Insurance Journal.
The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with each other and the government without fear of lawsuits. The vote was 307-116 in favor …
The article House Passes Cyber Threat Sharing Bill appeared first on Insurance Journal.
The Independent Insurance Agents & Brokers of America (the Big “I”) this week presented awards to state affiliates and agents that have been the most effective raising money for the agents’ political action committee, InsurPac. This year’s winners of the …
The article Big ‘I’ Recognizes Top Young Agent, States in Political Fundraising appeared first on Insurance Journal.
The National Football League won final court approval of a $765 million settlement of ex-player head-injury claims, overriding criticism that the money still falls short and the deal terms are unfair. The decision ends almost two years of negotiations over …
The article Court Approves NFL’s Concussion Injury Settlement appeared first on Insurance Journal.
