Freberg Environmental Insurance has named Renee Miller to lead its environmental consultants and contracting program. Miller will be based in Denver and lead Freberg’s environmental program providing general liability, contractors’ pollution and professional liability for environmental firms. Miller joins Freberg …
The article Freberg Environmental Names Miller Senior Vice President in Colorado appeared first on Insurance Journal.
SASSI, the Salon and Spa Specialty Insurance agency, has added an additional market for its workers’ compensation insurance program, enabling the agency to write this coverage in additional states. The program is designed to meet the needs of small to …
The article SASSI Expands Workers’ Comp Program Into Additional States appeared first on Insurance Journal.
Second-term Mississippi Insurance Commissioner Mike Chaney is being challenged in the Republican primary by John Mosley, a body shop owner who says insurance companies have gotten away with paying for less-than-perfect replacement parts to repair damaged vehicles. Chaney supporters criticize …
The article Mississippi Insurance Commissioner Being Challenged in Upcoming Primary appeared first on Insurance Journal.
Insurance broker Lockton hired Deana Calvelli as vice president of Retirement Services for Lockton’s Northeast region. Calvelli will lead Lockton’s new retirement practice in the Philadelphia office. The practice will advise clients on 401k and other retirement plans. In her …
The article Lockton Announces New Hires for Philadelphia Office appeared first on Insurance Journal.
Betsy K. Olson was appointed chief executive officer of the Independent Insurance Agents of Georgia after a unanimous vote of its Board of Directors on July 29, 2015. Olson will take the reins on September 1. “Betsy is intimately familiar …
The article Olson to Lead the Independent Insurance Agents of Georgia as CEO appeared first on Insurance Journal.
The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims activity. State Senator Mike Barrett (D-Lexington), chair of the …
The article Mass. Senate to Launch Inquiry Into Home Insurance Rate Hikes appeared first on Insurance Journal.
The National Weather Service has confirmed that storm damage in Tolna, N.D. was caused by a tornado. The tornado last week was rated an EF-1, with an estimated peak wind speed of 110 mph. It was on the ground for …
The article Weather Service Confirms Tornado Struck North Dakota City appeared first on Insurance Journal.
A southern Colorado school district accused of promoting evangelical Christian ideals has reached a settlement with a teacher who filed a lawsuit claiming religious discrimination. Robert Basevitz, who is Jewish, filed a suit in May saying that the Fremont RE-2 …
The article Colorado School District Settles With Teacher Who Claimed Discrimination appeared first on Insurance Journal.
Gov. Mary Fallin says the federal government has rejected the state’s request for disaster assistance for 19 Oklahoma counties affected by severe weather, flooding and tornadoes in May and June. Fallin said Wednesday the Federal Emergency Management Agency denied the …
The article 19 Oklahoma Counties Denied Federal Disaster Assistance appeared first on Insurance Journal.
Hundreds of residents and businesses in Long Beach, Calif. will be without power until Friday evening, according to reports. Long Beach, a city of nearly half-a-million, was struck by a power outage on Thursday for the second time this month. …
The article Another Power Outage Hits Large Southern California City appeared first on Insurance Journal.
Edison International expects a hearing to be held next year on its $7.57 billion damage claim against Mitsubishi Heavy Industries Ltd. over the shutdown of a Southern California nuclear power plant. A confidentiality order in the case, being arbitrated by …
The article Edison Expects 2016 Hearing on $7.57B California Reactor Claim appeared first on Insurance Journal.
Aon’s second quarter earnings report highlights some of the difficulties the re/insurance industry is experiencing. Total revenues from Aon’s combined sector activities decreased by four percent to $2.80 billion from $2.913 billion in Q2, 2014. The percentage decline for the …
The article Aon’s Q2 2015 Earnings Report: Total Revenue -4%; Net income –41% appeared first on Insurance Journal.
MetLife Inc. said its dual roles of offering retirement products and advising customers are threatened by a U.S. Labor Department proposal that was designed to make sure savers’ interests are put first. “Without substantial modifications, the proposal could force companies …
The article MetLife Defends Dual Roles for Retirement Brokers appeared first on Insurance Journal.
Conan O’Brien Sued Over Jokes Comedian Conan O’Brien was sued for copyright infringement for using several jokes on his late-night talk show that he’s accused of lifting from the Internet. In a complaint filed in San Diego federal court July …
The article Intellectual Property: Conan O’Brien, Doobie Brothers, ‘Happy Birthday’, Michael Jordan appeared first on Insurance Journal.
London-based Brit plc, which completed its merger with Fairfax Financial Holdings in the first half of this year, reported operating profit before foreign exchange and transaction related expenses of $70.9 million, compared with $172.3 million in the first half of …
The article Brit Reports H1 After-Tax Profit of US$6.4M, Compared to $94.5m in 2014 appeared first on Insurance Journal.
Arch Capital Group Ltd., headquartered in Bermuda, reported second quarter net income of $110.3 million, or $0.88 per share, compared to $202.5 million, or $1.48 per share, for the 2014 second quarter. Net income available to Arch common shareholders for …
The article Arch Reports Q2 Net Income of $110.3M, Compared to $202.5M in Q2 2014 appeared first on Insurance Journal.
A researcher is advising drivers not to use a mobile app for General Motors Co.’s OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. “White-hat” hacker Samy Kamkar …
The article Hacker Claims to Open GM’s OnStar App, Start Engine Remotely appeared first on Insurance Journal.
The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Megantic, Quebec. The new rule by the Federal Railroad Administration …
The article U.S. Issues Final Oil Train Safety Rules appeared first on Insurance Journal.
A.M. Best has released a new briefing focusing on the National Council of Private Insurance issuance of CNSP Resolution CNSP No. 322, which decreases the amount of premiums that Brazil’s local insurers must “place” with local reinsurers, from 40 percent …
The article Best Analyzes Changes to Brazilian Local Reinsurance Market appeared first on Insurance Journal.
Allianz Insurance has joined forces with cyber risk management company, Pentura, to provide commercial customers with help and guidance to improve cyber security. As part of the partnership, Pentura, which is based in Reading, England, will provide Allianz Commercial policyholders …
The article UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services appeared first on Insurance Journal.
The pursuit of improved investment returns has become more important for European insurers after a lengthy period when their attention was more focused on non-investment sources of profit, according to a report published by A.M. Best. How an insurer might …
The article Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best appeared first on Insurance Journal.
Willis Group Holdings announced the appointment of Thomas Messer as Regional Leader of aviation in Latin America with immediate effect. Messer joined Willis in 2002 and has served in a variety of roles within the aerospace re/insurance market – most recently …
The article Willis Appoints Messer Regional Leader for Latin American Aviation appeared first on Insurance Journal.
Global broker Cooper Gay Swett & Crawford (CGSC) has appointed three senior officers to its board of directors with immediate effect. Shaun Hooper, CEO of CGSC International, Gordon Newman, CEO of CGNMB and Thomas P Ruggieri, CEO & President of …
The article CGSC Appoints Hooper, Newman, Ruggieri to Holding Company Board appeared first on Insurance Journal.
A lack of guidance from the Federal Aviation Administration and improper training were significant factors in the midair collision of two skydiving planes over northwestern Wisconsin about two years ago, according to aviation investigators. The National Transportation Safety Board has …
The article Investigators: FAA Guidance Lacking in Wisconsin Midair Collision appeared first on Insurance Journal.
Houston police say a man has been accused of starting an apartment complex blaze on July 28 that left three firefighters slightly hurt. Houston City Jail records show 18-year-old Danny Isidoro was being held on a charge of reckless arson. …
The article 3 Firefighters Hurt in Houston Blaze; Man Charged with Arson appeared first on Insurance Journal.
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK’s resilience against the growing threat of cyber risks in this interconnected world, according to a cyber report released this week. Given the fact that the current market for cyber insurance is …
The article Public-Private Catastrophe Scheme in UK Would Help Mitigate Cyber-9/11: Study appeared first on Insurance Journal.
The federal Occupational Safety and Health Administration has cited Southcross Energy Partners GP LLC for seven safety violations at its cryogenic natural gas processing facility in Gregory, Texas. Safety officials have proposed penalties of $112,000 against the company. OSHA said …
The article Texas Company Fined $112K for Safety Violations at Energy Facility appeared first on Insurance Journal.
John A. Davis and Paul B. LeStourgeon have joined The Cincinnati Insurance Co. in its newly expanded reinsurance assumed initiative known as Cincinnati Re. Davis, managing director, head of casualty reinsurance, will oversee the strategic direction, underwriting and marketing of the company’s casualty …
The article Davis, LeStourgeon Join Cincinnati Re in Management Positions appeared first on Insurance Journal.
The Texas Department of Public Safety (DPS) said during its inspection of 7,865 commercial motor vehicles in June it pulled approximately 21.7 percent, or 1,710, of the 18-wheelers, buses and other commercial vehicles inspected out of service for a variety …
The article Texas DPS Takes 1.7K Commercial Vehicles Out of Service appeared first on Insurance Journal.
Announcing it assisted 172,913 consumers across the state in 2014, the Michigan Department of Insurance and Financial Services said consumer complaints increased last year compared to 2013. Health insurance generated the most complaints in 2014 with 1,795 formal complaints, followed by automobile …
The article Michigan Insurance Regulators: Consumer Complaints Up in 2014 appeared first on Insurance Journal.
Atlanta firefighters have been warned to keep their vehicles free of valuables after authorities say thieves are targeting the vehicles while the firefighters are working. Multiple media outlets report that four pickup trucks at Fire Station No. 11 in the …
The article Authorities: Thieves Targeting Personal Vehicles of Atlanta Firefighters appeared first on Insurance Journal.
Need a phony ID? A fraudulent tax refund? Insurance money from a sham car crash? Florida may have just what you’re looking for. Since the first settlers hacked their way into the mangrove tangles and drained much of the …
The article South Florida a Haven for All Types of Fraud appeared first on Insurance Journal.
Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking. The $1.5 trillion global “climate change industry” grew …
The article Is Climate Change Now Its Own Industry? appeared first on Insurance Journal.
New research says the land under the Chesapeake Bay region is sinking and projects that Washington, D.C., could drop by six or more inches in the next century — adding to the problems of sea-level rise. The research says the …
The article Research Says Washington D.C. Slowly Sinking Into the Ocean appeared first on Insurance Journal.
Former New York Senate Majority Leader Dean Skelos pleaded not guilty to new charges that he demanded payments to his son Adam from the head of an insurance administrator seeking to push favorable legislation through Albany. Prosecutors claim Adam Skelos, …
The article Corruption Trial of Ex-N.Y. Senate Leader Skelos and Son Set for November appeared first on Insurance Journal.
The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported on July 29 net income of $120.7 million for its 2015 second quarter, up 46 percent from $82.6 million net income during last year’s second quarter. Net premiums written for the …
The article Hanover Insurance Reports $120.7M Q2 Net Income appeared first on Insurance Journal.
A new study says the lingering effects of Superstorm Sandy — in the form of unfinished repairs, disputed claims, and recurrent mold — are associated with increased odds of Sandy-impacted residents experiencing mental health distress, post-traumatic stress disorder (PTSD), and …
The article Study: Ongoing Recovery Efforts Take Mental Health Toll on Sandy Survivors appeared first on Insurance Journal.
A 6-year-old boy died and 11 others were hurt this week when their church bus overturned near Indianapolis in an accident that police said appeared to be the result of an error by a driver with a suspended license. The …
The article Driver in Deadly Indiana Bus Crash Had Suspended License: Police appeared first on Insurance Journal.
Cloudsurance has launched a cloud insurance program designed for modern cloud consumers. Cloudsurance is a cloud insurance program designed for cloud consumers and can help mitigate against the inherent risks of cloud computing, such as downtime, data loss and cyber-attack …
The article Cloudsurance Launches Insurance Program For Cloud Consumers appeared first on Insurance Journal.
The federal government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu. U.S. Secretary of Agriculture Tom Vilsack says that’s in addition to the nearly $400 million spent on cleaning up dead …
The article USDA Expects to Pay Farmers $191M for Bird Flu Losses appeared first on Insurance Journal.
The Texas Department of Insurance’s Division of Workers’ Compensation (DWC) renewed approval for 12 employers to self-insure workers’ compensation claims. Together, the companies employ about 45,000 people in Texas. DWC renewed: ABF Freight System, Inc. Baptist Hospitals of Southeast Texas …
The article Texas Approves 12 Companies to Self-Insure for Workers’ Comp appeared first on Insurance Journal.
Hammond, La.-based insurance claims services provider, Worley Claims Services (Worley), is acquiring NCA Group Inc. (NCA), which provides daily and catastrophe residential and commercial property claims services throughout North America. NCA Group is headquartered in Indiana. Worley said the acquisition …
The article Worley Claims Services to Acquire Indiana-Based NCA Group appeared first on Insurance Journal.
LUBA Workers’ Comp, based in Baton Rouge, La., is now offering workers’ compensation insurance coverage to businesses in Texas. LUBA Workers’ Comp covers businesses in Arkansas, Louisiana and Mississippi through select, independent insurance agencies. Similar to how the company was …
The article Louisiana-Based Workers’ Comp Insurer Expands Into Texas appeared first on Insurance Journal.
AAA Mid-Atlantic says Delaware drivers need to slow down and pay better attention when behind the wheel. Alarmed by an upward trend in road deaths this year, the motor club says too many drivers are engaging in unsafe behavior, including …
The article Upward Trend in Highway Fatalities Draws Concern in Delaware appeared first on Insurance Journal.
A Connecticut woman accused of using fireworks to burn down her Windham, Connecticut, home for insurance has received a fully suspended prison sentence. The Day of New London reports 48-year-old Julie Amero-Volle pleaded no contest to third-degree arson and pleaded …
The article Connecticut Woman Gets Suspended Sentence in Insurance Arson Case appeared first on Insurance Journal.
Smith Brothers Insurance LLC, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Carillo & Howland Inc., an agency with locations in Windsor Locks and Somers, Connecticut. Terms of the transaction were not disclosed. …
The article Smith Brothers Insurance Acquires Carillo & Howland in Connecticut appeared first on Insurance Journal.
An Oregon State University student is suing a Eugene property management company after she fell from a third-story window while asleep. The Register-Guard reported that Shelbi Macholz filed a lawsuit this week seeking $230,000 from Principle Property management to cover her …
The article Oregon Woman Sues University after Falling Through Window Asleep appeared first on Insurance Journal.
A woman who says she had to be taken to the emergency room after a Fred Meyer pharmacy employee gave her the wrong prescription has filed a lawsuit. The Oregonian reported that Anna Bell filed a lawsuit last week seeking …
The article Woman Sues Oregon Pharmacy after Getting Wrong Drugs appeared first on Insurance Journal.
Crews battling the toughest of several wildfires burning across the state held their ground late Wednesday, keeping a blaze east of California’s Napa Valley from jumping any more containment lines, fire officials said. The fire, which has burned for a …
The article Firefighters Hold California Wildfire That Jumped Line appeared first on Insurance Journal.
An Arizona court ruling says an employee hurt in an auto accident isn’t entitled to workers’ compensation for her injuries though she had just made a business errand to finish her work day. The employee deviated from her normal commute …
The article Arizona Court Says No Coverage for Worker Hurt in Wreck after Business Errand appeared first on Insurance Journal.
Plaintiffs brought 85 federal class action securities cases in the first half of this year, or seven fewer than they did last year. The 85 filings in the first six months of 2015 falls 10 percent below the semiannual average of …
The article Why Not Much Change in Securities Class Actions? appeared first on Insurance Journal.
In a relatively stable insurance market, businesses paid nearly one percent less in 2014 than they did in 2013 to cover the total cost of risk (TCOR) after three consecutive years of increases, according to the 2015 RIMS Benchmark Survey. …
The article Total Cost of Risk Dips a Bit: RIMS appeared first on Insurance Journal.
W.R. Berkley Corp.’s chairman and CEO slammed the surge of merger and acquisition activity hitting the property/casualty industry in recent months as something driven more by “management ego” than true business needs. “Consolidation that is happening now is frequently about …
The article Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity appeared first on Insurance Journal.
When you are identified in a picture on Facebook, biometric software remembers your face so it can be “tagged” in other photographs. Facebook Inc. says this enhances the user experience. But privacy advocates say the company’s technology — which was …
The article Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit appeared first on Insurance Journal.
PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, has indicated that it is now willing to negotiate a new deal with rival suitor Exor, SpA, according to people familiar with the matter. …
The article PartnerRe ‘Now Willing’ to Open Talks with Exor: Sources appeared first on Insurance Journal.
Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments. The announcement that Lloyd’s will apply for a “Tier 1 license”, and open an …
The article Lloyd’s to Apply for Onshore Reinsurance License in Malaysia appeared first on Insurance Journal.
Shares in Swiss Re, Europe’s second-biggest reinsurer, fell the most since April in Zurich trading after second quarter earnings missed analysts’ estimates on lower profitability at its property and casualty unit. The shares declined 2.9 percent at 10 a.m., crimping …
The article Swiss Re P&C Unit Misses Earnings Targets; Shares Drop appeared first on Insurance Journal.
Bermuda-based Ironshore International has named Rowan Bamford as its new Global Head of Mergers & Acquisitions and Tax, effective immediately. He will oversee the M&A business lines the company’s portfolio, as well as the Tax division, throughout Ironshore’s global platform …
The article Ironshore Int’l. Appoints Bamford to Head Global M&A, Tax; Ups M&A Capacity appeared first on Insurance Journal.
Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor. “I don’t really buy the bigger is better thing,” Maloney said on a conference call with analysts Wednesday. “I see …
The article Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival appeared first on Insurance Journal.
Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the six months through June, while gross written premiums fell …
The article Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s appeared first on Insurance Journal.
Assicurazioni Generali SpA said second-quarter profit rose 51 percent, beating analysts’ estimates, after earnings from life insurance surged. The shares climbed in Milan. Net income at Italy’s biggest insurer increased to 626 million euros ($687 million) from 415 million euros a …
The article Generali 2nd Quarter Profit Rises 51% on Life Business appeared first on Insurance Journal.
Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into effect in January 2017, according to the Ministry of Finance …
The article Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima appeared first on Insurance Journal.
Prescriptions for painkillers and doctor-shopping by pill seekers have decreased since Kentucky passed legislation targeting prescription drug abuse, according to a University of Kentucky study. The law passed during a special session in 2012 expanded the state’s prescription drug monitoring …
The article Study: Kentucky Prescription Drug Law Successfully Curbing Abuse appeared first on Insurance Journal.
Chief Financial Officer Jeff Atwater has appointed Sha’Ron James as the state’s Insurance Consumer Advocate effective August 3. The role of Florida’s Insurance Consumer Advocate is to independently and ardently represent the needs of policyholders when insurance decisions are made. …
The article James Appointed Florida Insurance Consumer Advocate appeared first on Insurance Journal.
A state fire official says a fire in’s Harpers Ferry, W. Va.’s commercial area caused about $2 million in damage. Assistant state fire marshal George Harms tells The Herald-Mail that the cause of the fire hasn’t been determined. The fire …
The article Fire Damage at West Virginia’s Historic Harper’s Ferry Estimated at $2M appeared first on Insurance Journal.
Dallas-based hazard claims insurance processing service provider, Dimont, has added Denis Brosnan, Albert Strausser and Dick Volentine to the company’s executive leadership team, and promoted Fran Weichsel, Darcy Stennes and Collin Harbour. Brosnan, who has been named president and chief …
The article Claims Services Provider Dimont Names New Executive Team in Dallas appeared first on Insurance Journal.
Workplace deaths in Oregon for the second quarter of 2015 were down markedly from the previous quarter, possibly resuming a long-turn trend of deaths on average falling steadily since the 1980s, according to the the state bureau that tracks the …
The article Oregon Workplace Deaths Down in Second Quarter of 2015, Report Shows appeared first on Insurance Journal.
Some Detroit-area residents fed up with the crummy condition of certain streets are taking matters into their own hands. Volunteers with the recently started Hamtramck Guerrilla Road Repair effort started filling in potholes July 25 on one roadway and they …
The article Fed Up with Crummy Streets, Detroit-Area Residents Patch Potholes appeared first on Insurance Journal.
Dallas-based Southwest Risk LP has created a new division, Southwest Risk Agency Services (SWRAS), with a focus on binding business and programs for independent agents. The new division will be led by Joy Keller, a seasoned insurance professional who has built …
The article Southwest Risk Taps Keller to Lead New Agency Services Division appeared first on Insurance Journal.
More than a dozen businesses near central Ohio’s Buckeye Lake say they’ve lost significant revenue with the water kept low as plans are made to replace a deteriorated dam. The businesses detailed their losses on forms intended to help the …
The article Businesses Report Losses from Lowering of Ohio’s Buckeye Lake appeared first on Insurance Journal.
The Oklahoma Highway Patrol says a church van headed to Branson, Mo., crashed on the Will Rogers Turnpike in northeastern Oklahoma, injuring 10 children who were onboard. Trooper Dwight Durant says the van crashed just before 1 p.m. on July …
The article 10 Children Injured in Crash of Church Van on Oklahoma Highway appeared first on Insurance Journal.
U.S. Sen. Charles Schumer says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that he is supporting legislation …
The article N.Y. Sen. Schumer Touts High-Tech Sensors That Prevent Drunk Driving appeared first on Insurance Journal.
Berkshire Hathaway Specialty Insurance (BHSI) today launched Professional First Bankers Professional Liability Insurance in the U.S., adding to its executive and professional liability products for financial institutions. Professional First Bankers Professional Liability Insurance offers banks, their executives and employees, coverage …
The article BHSI Launches Bankers Professional Liability Insurance Program appeared first on Insurance Journal.
Boston’s bid to host the 2024 Olympics is over. The city and the U.S. Olympic Committee severed ties after a board teleconference Monday, USOC spokesman Patrick Sandusky told The Associated Press. The decision throws the bid process — and hopes …
The article Boston Ends Bid to Host 2024 Olympics appeared first on Insurance Journal.
Flooding along the Illinois River that has prompted National Weather Service warnings and closed the waterway to boaters for weeks this summer has dampened recreational activities. Marina owners, boat shop workers and campground managers along the river in central Illinois …
The article Summer Recreation Business a Washout Due to Illinois River Floods appeared first on Insurance Journal.
Eight individuals have been charged in a 23-count indictment in an organized scheme to steal tens of millions of dollars in merchandise from shipments of cargo moving through the state of Indiana and elsewhere, United States Attorney for the Southern …
The article Multi-State Cargo Theft Ring Busted in Indiana; 8 Charged appeared first on Insurance Journal.
Rhode Island’s Insurance Division is advising consumers to examine insurance implications when using home-sharing rental websites such as Airbnb. “Technology has changed the way people interact. There are now online solutions available that let people rent a room or their …
The article R.I. Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals appeared first on Insurance Journal.
The Federal Emergency Management Agency (FEMA) has extended its filing deadline for National Flood Insurance Program (NFIP) policyholders in Louisiana impacted by recent flooding, the insurance department announced. The NFIP normally requires homeowners to file a Proof of Loss form …
The article Extension Granted for Flood Proof of Loss Forms in Louisiana appeared first on Insurance Journal.
Talent recruiting organization Korn Ferry has hired Laurie O’Shea as co-head of its Global Insurance Practice. She will be based in the Chicago office. O’Shea has 25 years of experience in recruiting talent for the global insurance market. Prior to …
The article O’Shea Joins Korn Ferry as Leader in Global Insurance Practice appeared first on Insurance Journal.
One minute he was working in the 8-foot trench below ground. The next, he was being buried in it. His co-workers came to his rescue, digging him out with their bare hands. Moments after they pulled the injured man to …
The article Texas Company Fined $424K for Trench Collapse appeared first on Insurance Journal.
Two energy companies are shutting injection wells after three strong earthquakes struck near an Oklahoma town, in response to concerns about the practice of injecting wastewater from oil and gas operations deep underground, state regulators said on July 28. …
The article 2 Oklahoma Injection Wells Being Shut Down Following Quakes appeared first on Insurance Journal.
Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials said Monday. The blaze on Saturday sent guests running and plumes of black …
The article Pool Fire at Las Vegas Hotel Fueled by Fake Palm Trees appeared first on Insurance Journal.
Deschutes County in Oregon has updated its plan for dealing with natural disasters, including the potential Cascadia Subduction Zone earthquake that recently received national attention. The Bulletin reported that county commissioners adopted the update last week. The plan details how …
The article Oregon County Updates Natural Disaster Plan to Deal with Cascadia appeared first on Insurance Journal.
The U.S. Geological Survey is reporting no damage from a strong earthquake that rocked Alaska’s Aleutian Islands. The quake struck at 8:49 p.m. Sunday and was centered 45 miles southwest of the village of Nikolski (nih-KOHL’-skee) at a depth of …
The article Earthquake Shakes Alaska’s Aleutian Islands appeared first on Insurance Journal.
A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for …
The article N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys appeared first on Insurance Journal.
Allstate’s online auto and home insurance agency Answer Financial has added two insurance professionals to its leadership team. Brendan Cummings joins Answer as the director of Business Development to build partnerships with carriers. Through Answer, a carrier’s customers can compare …
The article Cummings, Beard Join Answer Financial appeared first on Insurance Journal.
Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC) and could instead make its insurance and reinsurance advisory services even more important, according to Dan Glaser, MMC chief executive …
The article MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation appeared first on Insurance Journal.
Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The statement by the Federal Reserve and …
The article Regulators Want More Details on Insurers’ Living Wills for Bankruptcy appeared first on Insurance Journal.
Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for conducting business that helped perpetuate the practice decades ago, a U.S. appeals court ruled on Monday. The 2nd U.S. Circuit …
The article Court Upholds Dismissal of Apartheid Claims Against Ford, IBM appeared first on Insurance Journal.
The average age of cars and light trucks on U.S. roads rose slightly to 11.5 years at the start of 2015, as the rate of growth slows because of the recovery of new-vehicle sales, consultant IHS Automotive said. “Consumers are …
The article How Old Is Average Vehicle on U.S. Roads? appeared first on Insurance Journal.
Zurich Insurance Group AG said any offer for RSA Insurance Group would probably be in cash. Wednesday’s statement from Zurich means “there’s a very high likelihood that it will come through with an offer in the next few weeks.” said Ben Cohen, a London-based analyst …
The article Zurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash appeared first on Insurance Journal.
RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in the second quarter of 2014. Operating income …
The article RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M appeared first on Insurance Journal.
Senate Majority Leader Mitch McConnell championed a renewed push to bypass a filibuster and repeal Obamacare with 51 votes on Tuesday, he announced in a joint statement with Utah Senator Mike Lee, one of the most conservative Republicans in the …
The article Senate Republicans Plan Another Vote to Repeal Obamacare appeared first on Insurance Journal.
SCOR SE, France’s largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar pushed up premium growth. Net income climbed to 152 million euros ($168 million) from 121 million euros a year earlier, the Paris-based company said on …
The article SCOR 2nd Quarter Net Income Rises 26% to $168 Million appeared first on Insurance Journal.
Crawford & Company® UK has announced its first initiative since the acquisition of GAB Robins. Its “Customer First” initiative combines the “two organizations’ customer service delivery models under single leadership.” Crawford said the ‘Customer First’ initiative “will be led by …
The article Crawford & Co. UK Launches ‘Customer First’ Initiative appeared first on Insurance Journal.
Sydney, Australia-headquartered QBE has appointed Colin Fagen as group chief strategy officer, in a new role “designed to create a strong platform for growth across the group,” according to Group Chief Executive John Neal. Fagen is currently chief executive officer …
The article QBE Names Fagen as Group Chief Strategy Officer; Plant Is Promoted appeared first on Insurance Journal.
The Geneva Association has released a 47 page report that details the particulars of insuring the risks from floods in Asia’s “high growth” markets. “In Asia, the insurance protection gap is yawning particularly widely,” the study concludes. “Less than 10 …
The article Geneva Association Study Analyzes Asian Flood Risks, Insurability appeared first on Insurance Journal.
AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2015 of $63 million, or $0.63 per diluted common share, compared with $191 million, or $1.79 per diluted common share, for the second quarter …
The article AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014 appeared first on Insurance Journal.
The new Florida drone privacy law could have some unintended consequences for insurers looking to use or insure unmanned aircraft systems (UAM) technology. The Freedom from Unwarranted Surveillance Act (FUSA), which took effect in Florida July 1, prohibits a person, …
The article Insurers Warned to ‘Think Before You Snap’ as Florida Drone Privacy Law Takes Flight appeared first on Insurance Journal.
Hamilton Underwriting Limited, the Lloyd’s managing agency of Bermuda-based holding company Hamilton Insurance Group, announced that Trevor Carvey has been hired as head of treaty. Carvey will report to Dermot O’Donohoe, chief executive officer of Hamilton Underwriting Limited. He will …
The article Hamilton Underwriting Limited Hires Carvey as Head of Treaty appeared first on Insurance Journal.
Marsh & McLennan Cos., the largest insurance broker by market value, is seeking ways to cut tax obligations as rivals shift to Europe, where rates are lower. “The search for tax efficiency for us started several years ago,” Dan Glaser, chief executive …
The article Marsh & McLennan Seeks Ways to Cut Tax as Competitors Shift to London appeared first on Insurance Journal.
Irish state-owned health insurer Vhi Insurance DAC borrowed money from Warren Buffett’s Berkshire Hathaway Inc. to help avoid a bailout as the company comes under central bank regulation for the first time. Berkshire gave Vhi a 90 million-euro [$97.6 million) …
The article Buffett Helps Ireland’s Vhi Insurance Avoid Bailout with $99M Subordinated Loan appeared first on Insurance Journal.
Mobile, Ala., officials have unveiled a new public safety initiative that will allow police access to more than 2,000 surveillance cameras. AL.com reports that as of July 23, the Mobile Police Department had access to over 2,000 live security camera …
The article Alabama Police Department Granted Access to 2,000 Surveillance Cameras appeared first on Insurance Journal.
Authorities say at least 12 people were injured when a swing ride at an amusement park in Bowling Green, Kentucky, tipped over. The Daily News reports emergency officials were dispatched to Beech Bend Amusement Park around 6 p.m. on July …
The article 12 Injured in Kentucky Amusement Park Ride Accident appeared first on Insurance Journal.
Records show that collisions between vehicles and deer in South Carolina are declining. The State in Columbia reports that a review by South Carolina public safety officials shows that vehicles and deer collided more than 2,200 times in 2014. That …
The article Fewer Deer Equals Fewer Collisions Caused by Deer in South Carolina appeared first on Insurance Journal.
Federal officials have awarded a southern Indiana school district $1.6 million to build a tornado safe room at an elementary school. The grant from the Federal Emergency Management Agency will allow Salem Community Schools to add the safe room at …
The article Indiana School to Build Tornado Safe Room with $1.6M Grant appeared first on Insurance Journal.
Kelly Young was driving down Route 28 in Milton, Massachusetts, when a sedan traveling in the other direction rear ended another car and veered into Young’s lane, hitting his car head on, police say. Young, 56, a father of two …
The article New Mass. Police Policy Questioned by Transparency Advocates appeared first on Insurance Journal.
Missouri’s top insurance regulator says a new report on exposures within the reach of the New Madrid seismic zone reinforces the need for residents in affected areas to purchase earthquake insurance. Missouri Insurance Director John Huff says, however, there is …
The article New Madrid Study Shows Need for Quake Coverage: Missouri Insurance Director appeared first on Insurance Journal.
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) in San Antonio, Texas. The outlook for both ratings is stable. The ratings of WNFIC, formerly known as …
The article Wright National Flood Insurance Co. Ratings Affirmed appeared first on Insurance Journal.
Six of the nine most accident-prone spots along the Kansas Turnpike are in the Lawrence area, according to a study compiled for the Kansas Turnpike Authority. Two of the other accident hotspots along the 236-mile turnpike were in the I-70 …
The article Study: Lawrence Area a Hotspot for Kansas Turnpike Accidents appeared first on Insurance Journal.
Independent insurance broker, IMA of Dallas, has hired Katie Madsen as vice president and account executive to oversee commercial property and casualty coverage. Madsen has 10 years of industry experience. She has managed multiple Fortune 500 clients, earned multiple prestigious …
The article IMA of Dallas Adds Madsen as VP, Account Executive appeared first on Insurance Journal.
The number of California wildfires so far this year is up, but the acreage burned is smaller, the result of favorable weather and more firefighters who can quickly be dispatched to corral flames, fire officials say. Since Jan. 1, about …
The article More Wildfires in California, But Less Damage appeared first on Insurance Journal.
Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S. power generator Edison International …
The article Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility appeared first on Insurance Journal.
The former president of a Little Rock, Ark.-based insurance company has been sentenced to one year and one day in prison for embezzlement. United States District Judge Susan Webber Wright sentenced John Mathis “Matt” Lile, III, age 56, of Little …
The article Former Arkansas Insurance Exec Sentenced for Embezzlement appeared first on Insurance Journal.
In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A …
The article Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base appeared first on Insurance Journal.
PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to contend, due to a …
The article PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2 appeared first on Insurance Journal.
Aspen Insurance Holdings Limited, headquartered in Bermuda, reported net income after tax of $49.0 million for the second quarter ended June 30, or $0.62 per diluted share, compared to net income after tax of $130.8 million reported during the same …
The article Aspen Reports Q2 Net Income of $49M, Operating Income of $72.2M appeared first on Insurance Journal.
American International Group (AIG) has named a new investment officer and is buying the new executive’s firm. Douglas A. Dachille, chief executive officer of New York City-based First Principles Capital Management, LLC, will become executive vice president and chief investment …
The article AIG Hires Dachille as Investment Officer; Buys His Firm appeared first on Insurance Journal.
The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with lower catastrophe costs in …
The article The Hartford’s Profit Up in Q2 Results; CEO Addresses M&A Outlook appeared first on Insurance Journal.
ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America leadership team for the company to be …
The article ACE Names Post-Merger North America Management Team appeared first on Insurance Journal.
Bermuda-based Everest Re Group Ltd. reported second quarter 2015 net income of $209.1 million, or $4.68 per diluted common share, compared to net income of $290.2 million, or $6.26 per diluted common share, for the second quarter of 2014. After-tax …
The article Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014 appeared first on Insurance Journal.
The American Insurance Association (AIA) announced that Wesley R. McClelland will assume the position of vice president for federal affairs effective Sept. 8. McClelland currently serves as senior policy advisor in the office of House Majority Leader Kevin McCarthy (R-Calif). Before …
The article McClelland of Majority Leader’s Staff Joins AIA As VP for Federal Affairs appeared first on Insurance Journal.
Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is joining some of the biggest companies …
The article Tech Firms Collaborating to Make Drone Air Traffic Safe appeared first on Insurance Journal.
Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its proposed $54 billion purchase of Cigna on Friday, just weeks …
The article Hospitals, Drugmakers Could Follow Health Insurer Mergers appeared first on Insurance Journal.
Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said. Coface SA and Euler Hermes …
The article Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures appeared first on Insurance Journal.
As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to “safeguard economic success.” A bulletin from …
The article Lloyd’s Supports Natural Catastrophe Resilience Plan across Asia appeared first on Insurance Journal.
ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the completion of the acquisition of Chubb, which is …
The article ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims appeared first on Insurance Journal.
Indian Prime Minister Narendra Modi is planning to give farmers comprehensive insurance coverage as he looks to win state elections in largely rural areas. The government will start the new insurance program in the winter crop running from October to …
The article India PM Modi Plans Expansion of Farmer Insurance before India State Elections appeared first on Insurance Journal.
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules governing how much money insurers must …
The article Zurich Insurance Considering Bid for UK’s RSA appeared first on Insurance Journal.
The commercial area in historic Harpers Ferry, W. Va., was devastated July 23 when a fire destroyed a building that housed at least a half dozen businesses, Mayor Gregory Vaughn said. He said a long building that extended from one …
The article West Virginia’s Historic Harpers Ferry Devastated by Fire appeared first on Insurance Journal.
Attorneys for former Massey Energy CEO Don Blankenship want evidence about the 2010 explosion at the Upper Big Branch mine in West Virginia kept out of his criminal trial this fall. The Charleston Gazette-Mail reports the attorneys filed a motion …
The article Ex-Massey CEO’s Lawyers: Keep West Virginia Mine Blast Out of Criminal Trial appeared first on Insurance Journal.
South Carolina’s public health department has asked federal officials to evaluate both the agency’s response to an E. coli outbreak that killed one child at a Greenwood day care facility and its infectious disease programs overall. Department of Health and …
The article South Carolina Requests Federal Evaluation on Day Care E.Coli Outbreak Response appeared first on Insurance Journal.
PartnerRe Ltd. investors should vote against a planned merger with rival reinsurer AXIS Capital Holdings Ltd., proxy adviser Glass Lewis & Co. said in a recommendation that’s a victory for hostile bidder EXOR SpA. “The liquidity, certainty and immediate premium of …
The article PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis appeared first on Insurance Journal.
Ironshore Personal Lines is now offering a new umbrella program for high net worth homeowner insureds, with properties valued in excess of $1 million, as complementary liability coverage for losses due to unforeseen legal actions. Ironshore Personal Lines’ umbrella program …
The article Ironshore Launches Umbrella Coverage up to $5M for High Value Homeowners appeared first on Insurance Journal.
The Florida Department of Financial Services’ Division of Insurance Fraud has announced the arrest of Mandy Rodriguez, 35, on felony fraud and grand theft charges after an investigation revealed that Rodriguez, a licensed insurance agent, allegedly stole more than $80,000 …
The article Miami Agent Arrested for Stealing More than $80K from Clients appeared first on Insurance Journal.
The Massachusetts Senate has approved a bill supporters say will help the state better adapt to a changing environment while encouraging the growth of solar energy. The bill, which passed the Senate July 23, would require the state to establish …
The article Massachusetts Senate OKs Bill to Prep for Changing Environment appeared first on Insurance Journal.
Compass Specialty Risk Insurance Services LLC has named Desi Ramos vice president of transportation and practice leader. Ramos will spearhead the new office in Sacramento, Calif. Ramos has experience in the wholesale marketplace, most recently as transportation broker at Hull …
The article Compass Specialty Risk Ramos as Vice President of Transportation appeared first on Insurance Journal.
A California Fire captain and his insurance agent brother have been arrested for insurance fraud. Neal Moriarty, 38, a Cal Fire Captain, and Ross Moriarty, 42, a licensed insurance agent, were arrested last week on multiple felony counts of insurance …
The article Cal Fire Captain, Insurance Agent Brother Arrested For Insurance Fraud appeared first on Insurance Journal.
Energi has opened the company’s first Pacific Northwest regional office in Kirkland, Wash. The office outside of Seattle will house a number of insurance and risk management professionals serving the company’s clients and partners in the Northwest. Five Energi employees …
The article Energi Opens Northwest Regional Office in Washington appeared first on Insurance Journal.
It’s a practice seemingly as old as politics itself: top elected officials finding jobs for their wayward sons. The criminal cases against men who used to be two of New York’s most powerful lawmakers both hinge on allegations they took …
The article Latest New York Corruption Cases Highlight Patronage Claims appeared first on Insurance Journal.
The deal that, for now, decided the ride-hailing behemoth Uber’s future in New York City began with a phone call to Rome. New York City Council Speaker Melissa Mark-Viverito on Tuesday, July 21, called Mayor Bill de Blasio, who was …
The article Despite Truce, Uber Agreement Keeps Tensions High at NYC City Hall appeared first on Insurance Journal.
UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said. Unless the Prudential Regulation Authority, or PRA, can …
The article Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event appeared first on Insurance Journal.
Illinois has some of the least-restrictive laws regulating all-terrain vehicles, and enthusiasts and consumer advocates are divided about how to make the popular sport safer. The Chicago Tribune reports that July and August are the deadliest months for ATV accidents. …
The article Groups Divided Over Lax ATV Safety Laws in Illinois appeared first on Insurance Journal.
North American Insurance Alliance (NAIA), an agency alliance based in Rangeley, Maine, hired Rebecca Sherwood as director of marketing and communications. For the past seven and a half years, Sherwood was employed with Travelers Insurance Company as a senior sales …
The article NAIA Hires Sherwood as Director of Marketing & Communications in Maine appeared first on Insurance Journal.
Rapid City, S.D., officials are considering requiring homebuilders to test soil conditions at building sites after homeowners complained of severe damage caused by expansive soils. The Rapid City Journal reports the proposed change would require a home be designed to …
The article Damage to Homes May Lead to Required Soil Tests in South Dakota Town appeared first on Insurance Journal.
Texas-based Blue Bell Creameries has started ice cream production trial runs in Alabama three months after a listeria scare halted all sales. The Texas-based company said it’s evaluating enhanced production processes at its plant in Sylacauga, Ala. Blue Bell earlier …
The article Blue Bell Begins Trial Production Runs after Listeria Scare appeared first on Insurance Journal.
Drone technology training is part of a Texas A&M University seminar for emergency responders dealing with deadly flooding like the disastrous May storms. The 2015 Summer Institute on Flooding takes place at A&M’s Riverside campus in Bryan. Memorial Day weekend flooding in …
The article Texas Flood Responders Being Trained in Drone Technology appeared first on Insurance Journal.
Thousands of motor-driven cycles, the vast majority mopeds and scooters, have been registered with the Indiana Bureau of Motor Vehicles since a new law went into effect in January that placed more stringent requirements on riders of two-wheel vehicles. Until …
The article Indiana Now Requires Scooter Registration; Thousands Comply appeared first on Insurance Journal.
The New Hampshire Insurance Department announced on July 24 that the Merrimack County Superior Court issued an order appointing Insurance Commissioner Roger A. Sevigny as receiver of the New Hampshire Medical Malpractice Joint Underwriting Association (JUA). The court order comes …
The article N.H. to Begin Winding Down Medical Malpractice Joint Underwriting Association appeared first on Insurance Journal.
The Lincoln, Neb., City Council will consider a proposal to ban flying lanterns — or what Public Safety Director Tom Casady calls “flying bags of fire.” Councilman Roy Christensen proposed the ban, the Lincoln Journal Star reported. Bill Moody, the …
The article Lincoln, Nebraska Considering Ban on ‘Flying Bags of Fire’ appeared first on Insurance Journal.
The Federal Emergency Management Agency says residents of nine Arkansas counties have just one month left to register for disaster assistance for damage from severe storms in May and June. FEMA said Friday Arkansans who sustained damage due to storms …
The article One Month Left to Register for Arkansas Disaster Aid: FEMA appeared first on Insurance Journal.
A nonprofit cooperative formed to provide health insurance in Louisiana is on the way to shutting down. Louisiana Health Cooperative said it will honor all in-force policies for the approximately 17,000 individuals that currently receive health insurance coverage from the Co-Op. …
The article Louisiana Health Insurance Co-op to Shut Down Voluntarily appeared first on Insurance Journal.
The organizers of a Utah comic-book convention have been granted a trademark for Salt Lake Comic Con amid a legal battle with the country’s biggest such event in San Diego. Salt Lake City co-founder Bryan Brandenburg said the trademark announced …
The article Utah Comic Con Granted Trademark Amid Legal Battle appeared first on Insurance Journal.
A Portland, Ore. bicyclist is suing not only the pickup driver who hit her and shattered bones across her body, but also a second driver she says gave the truck the OK to turn. The Oregonian reported that Cynthia Lewellen …
The article Injured Oregon Cyclist Sues 2 Drivers in Injury Accident appeared first on Insurance Journal.
A man who is serving a 70-year prison sentence for killing a German exchange student in his garage has settled a lawsuit filed by the victim’s family, in part by surrendering all his guns to the boy’s parents. Markus Kaarma …
The article Montana Man Who Killed Student Settles Suit, Includes Insurance Money appeared first on Insurance Journal.
A Northern California wildfire raced through more than six square miles of drought-stricken timber over the weekend, threatening at least 150 rural homes in the Sierra Nevada, authorities said. The blaze forced evacuations of some communities in and near Nevada …
The article Northern California Wildfire Threatens Homes, Prompts Evacuations appeared first on Insurance Journal.
Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal officials said was the first such action of its …
The article Fiat Chrysler Recall Highlights Cyber Risks of Connected Cars, Telematics appeared first on Insurance Journal.
American high school students walk through metal detectors each day. The Metropolitan Opera in New York searches the bags and purses of patrons each night, and air travel involves long lines and security checks. But the nation’s movie theaters are …
The article Movie Theaters Balk at Security Checks Following Shootings appeared first on Insurance Journal.
White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, White Mountains said Monday in …
The article China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B appeared first on Insurance Journal.
The Senate advanced a proposal to extend the U.S. Export-Import Bank’s charter as part of legislation to finance highways and mass transit for three years. The 67-26 vote during an unusual Sunday session moves forward the Senate’s effort to pass …
The article Senate Moves Export Import Renewal with Transportation Funding appeared first on Insurance Journal.
McGraw Hill Financial Inc. is in talks to buy SNL Financial, the financial news and data services provider owned by buyout firm New Mountain Capital, according to people familiar with the matter. A deal valuing Charlottesville, Virginia-based SNL at about …
The article McGraw Hill Said to Weigh Acquiring SNL Financial appeared first on Insurance Journal.
Hiscox, the Bermuda-based specialist insurer, delivered a pre-tax profit of £135.1 million* ($205.2 million) in the first half ending June 30, 2015, compared with £124.6 million ($189.3 million) during the same period in 2014. Gross written premiums for the six-month …
The article Hiscox Delivers H1 Pre-Tax Profit of £135.1M, Up From £124.6M in H1 2014 appeared first on Insurance Journal.
Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks. The company, which manages about 250 billion pounds of assets, will embed carbon risk into its …
The article UK’s Aviva Targets $3.9 Billion of Renewable Energy Investments appeared first on Insurance Journal.
PartnerRe Ltd. investors should reject a planned merger with rival reinsurer AXIS Capital Holdings Ltd. and instead opt for a bid of more than $6.7 billion from Italy’s EXOR SpA, ISS Proxy Advisory Services said in a report. “A vote against …
The article PartnerRe Holders Should Reject Merger with AXIS, Favor EXOR Deal, ISS Says appeared first on Insurance Journal.
Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country …
The article Foreign Insurers Taking Cautious Look at Iran in Wake of Nuclear Deal appeared first on Insurance Journal.
ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new MPL product expands ANV’s MGU presence in the U.S. market …
The article ANV Launches Miscellaneous Professional Liability Program in U.S. appeared first on Insurance Journal.
A deal brokered between North Carolina lawmakers and ridesharing services such as Uber and Lyft to place regulations on the app-based companies has passed the Senate and will go to the House. The Senate passed a bill July 23 expanding …
The article Ridesharing Rules Make it Through North Carolina Senate appeared first on Insurance Journal.
Atlanta Public Schools is planning to mount cameras on school buses to catch drivers who illegally pass while the buses are stopped. The Atlanta Journal-Constitution reports Arizona-based American Traffic Solutions is planning to mount cameras on the side of APS …
The article Cameras to be Placed on Atlanta School Buses appeared first on Insurance Journal.
An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set for Oct. 7, 2015, …
The article The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates appeared first on Insurance Journal.
CSX is continuing to closely monitor the environmental impact of a fiery oil-train derailment in southern West Virginia, a spokeswoman said last week. The company held a public informational meeting that drew a sparse turnout July 21 at the Glen …
The article Transport Company Updates Public on West Virginia Oil Train Crash Cleanup appeared first on Insurance Journal.
K&K Insurance Group, Inc., a subsidiary of Aon plc, has launched a new website at http://ift.tt/1JDpyXx offering K-12 student accident coverage. The website is designed for private, non-boarding K-12 schools and offers the ability to quote and purchase insurance online …
The article K&K Launches Student Accident Coverage Website appeared first on Insurance Journal.
Heffernan Insurance Brokers, a nationwide independent insurance brokerage, is now accepting submissions through August 9 for the 2015 Burning Man event. Heffernan’s program, called Insurance on the Playa, offers liability coverage for theme camps, art cars and art installations for …
The article Heffernan Accepting Submissions for Burning Man Insurance Program appeared first on Insurance Journal.
Leaders of Boston’s bid for the 2024 Summer Olympics released details Thursday about insurance proposals they say will provide unprecedented coverage for Massachusetts taxpayers. The Boston 2024 bid committee released a document that described at least eight types of insurance …
The article Boston 2024 Olympics Organizers Release Details of Insurance Proposal appeared first on Insurance Journal.
A 59-year-old eastern Kansas man has been sentenced to one year in jail after pleading guilty in his 17th drunken driving case. The Kansas City Star reports Stephen Gast pleaded guilty after his June 10 arrest, when law enforcement officers …
The article Kansas Man Gets 1 Year in Jail for 17th Drunk Driving Conviction appeared first on Insurance Journal.
A 45-year-old Baker, La., man has been sentenced to 14 1/2 years in state prison for his sixth DWI conviction since 2000. Prosecutors say Michael Scott Oneill’s blood-alcohol level was 0.152 percent when he was arrested on March 6, 2014. …
The article Louisiana Man Gets 14.5-Year Sentence After Sixth DWI Conviction appeared first on Insurance Journal.
Scientists have developed a vaccine strain that has tested 100 percent effective in protecting chickens from bird flu and testing is underway to see if it also protects turkeys, U.S. Agriculture Secretary Tom Vilsack told the House Agriculture Committee at …
The article USDA: Bird Flu Vaccine Working on Chickens; Turkeys Being Tested appeared first on Insurance Journal.
MarketScout has added two underwriters in its Restaurants, Bars, and Taverns (RBT) underwriting facility in the company’s Dallas headquarters. Jessica Johnston joins the RBT underwriting team as a commercial underwriter, responsible for underwriting a diverse range of risks for restaurants, …
The article MarketScout Adds 2 Underwriters to Restaurants, Bars Unit in Dallas appeared first on Insurance Journal.
The U.S. Department of Agriculture has declared a natural disaster involving 35 Louisiana parishes and eight counties in three neighboring states because of rain, floods, high winds and hail from April 27 through June 26. It means farmers and ranchers …
The article 35 Louisiana Parishes Declared Natural Disaster Areas: USDA appeared first on Insurance Journal.
Authorities say a 12-year-old Kankakee boy is charged with arson in a fire at a Family Dollar store earlier this month. The (Kankakee) Daily-Journal reports that the boy was charged after investigators saw surveillance video showing him use a lighter …
The article Blaze Causes $250K in Damage to Illinois Store; 12-Year-Old Charged appeared first on Insurance Journal.
About one in five railroad bridges that pass over Minnesota roadways are structurally deficient, according to state and local inspections last year. Railroad bridges are in worse condition than road bridges, with just over 10 percent of the state’s highway …
The article Dozens of Minnesota Rail Bridges Found to Be Structurally Deficient appeared first on Insurance Journal.
On March 9, 2012 Benjamin DeMond, a Norwich, Connecticut, firefighter, died at 33 from an accident caused by a drunken driver. Authorities said 50-year-old Willis Goodale of Groton, Connecticut, was trying to cut across Interstate 395 in Montville to use …
The article Connecticut’s New DUI Ignition Lock Law Targets First-Time Offenders appeared first on Insurance Journal.
Tornado damage at a Pike National Forest campground has crews clearing felled trees in a six-acre area. KMGH-TV reported the Devil’s Head campground was hit by a tornado that the National Weather Service confirms touched down Tuesday afternoon. Picnic grounds …
The article Tornado in Colorado Forest Area Damages Campground appeared first on Insurance Journal.
MOC Insurance Services made several additions to its California team. Leanna Dole was named account executive. Dole’s focus is on personal, high net worth accounts. She has 25 years of industry expertise. Prior to MOC, she worked for NFP P&C, and Andreini …
The article MOC Insurance in California Makes New Hires appeared first on Insurance Journal.
Uber cars can continue to be a growing presence on the streets of New York City now that an agreement has been reached between the ride-hailing company and the city. Just before a City Council vote that could have capped …
The article NYC, Uber Reach Deal: No Cap on Company During 4-Month Study appeared first on Insurance Journal.
Wells Fargo Insurance has named Chris Calvert head of its newly established client experience team. Calvert will lead a team focused on strengthening customer service. She is based in Highlands Ranch, Co., and she reports to Todd Wartchow, head of …
The article Wells Fargo Insurance Names Calvert Head of Client Experience in Colorado appeared first on Insurance Journal.
Christopher Emery, 33, of Downey, Calif. formerly a licensed insurance broker doing business as CPE Insurance Services, has plead guilty to seven felony counts of grand theft for stealing insurance premiums. Emery collected premium payments from customers and failed to …
The article Former California Agent Ordered to Pay Restitution for Premium Theft appeared first on Insurance Journal.
Beazley Plc CEO Andrew Horton called on Lloyd’s of London to overhaul the way it manages trade information to make the world’s oldest insurance market more efficient and globally competitive. “The transfer of data in the market has got to …
The article Beazley CEO Calls on Lloyd’s to Overhaul Data Systems appeared first on Insurance Journal.
The Chubb Corp., which on June 30 agreed to be acquired by ACE Limited for $28 billion, reported net income in the second quarter of 2015 totaling $494 million, just a notch below the $499 million achieved in the second …
The article Chubb Reports Q2 Results appeared first on Insurance Journal.
