December 14, 2017
Thu, 14 Dec 2017 17:52:02 +0000
Global warming’s fingerprints were all over the record rainfall from Hurricane Harvey this year, confirming what scientists suspected, according to new research discussed on Dec. 13 during the American Geophysical Union meeting in New Orleans. While sc...
Thu, 14 Dec 2017 17:47:36 +0000
Strong winds are fanning the flames of a growing wildfire in South Dakota, pushing the fire beyond the borders of the Custer State Park and prompting new evacuations. Custer County Emergency Management director Mike Carter said Wednesday that residents...
Thu, 14 Dec 2017 17:43:28 +0000
Medical payments per workers’ compensation claim in Michigan were among the lowest of 18 state workers’ compensation systems analyzed in a new study by the Workers Compensation Research Institute (WCRI). The study, CompScope Medical Benchmarks for Mich...
Thu, 14 Dec 2017 17:36:46 +0000
Olsick & Company Insurance, located in Willowbrook, Illinois, has joined Keystone Insurers Group (Keystone), the companies announced. The agency is Keystone’s 18th partner in Illinois. The announcement was made jointly by Olsick President Bryan Olsick ...
Thu, 14 Dec 2017 17:32:14 +0000
The Surplus Lines Stamping Office of Texas (SLTX) announced it will begin supporting Automated Clearing House (ACH) payments, effective early first quarter 2018, as part of the new electronic filing system that will be released by SLTX next year. Invoi...
Thu, 14 Dec 2017 17:29:26 +0000
The end of the year deadline for National Flood Insurance Program (NFIP) policyholders affected by the flooding in August 2016 of South Louisiana is fast approaching. After six extensions, the deadline for the filing of proof of loss documentation to …
Thu, 14 Dec 2017 16:41:16 +0000
Pioneer Underwriters announced it has received approval from Lloyd’s for Syndicate 1980 to commence underwriting business attaching on or after Jan. 1, 2018. Pioneer Syndicate 1980 will have a gross premium income of £278 million ($371.2 million) and ...
Thu, 14 Dec 2017 16:16:38 +0000
The Navajo Nation announced that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe’s lawyer has been ...
Thu, 14 Dec 2017 16:13:00 +0000
Comedian and legendary stoner Cheech Marin doesn’t want your pot business to go up in smoke. That’s why he’s in a new public service announcement publicizing a California Secretary of State website for budding marijuana entrepreneurs. California on Fri...
Thu, 14 Dec 2017 16:12:16 +0000
Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the 2018 group of 11 startups that will participate in its inaugural acceleration program, The InsurTe...
Thu, 14 Dec 2017 16:08:05 +0000
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Crusader Insurance Co. Additionally, A.M. Best has revised the outlook to negative …
Thu, 14 Dec 2017 15:12:33 +0000
Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers Ltd., the company that manages the Global Aerospace Poo...
Thu, 14 Dec 2017 14:49:18 +0000
Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), has announced that effective December 31, Henning Haagen will take over as North American regional head of specialty lines, and Rich Soja will become the North A...
Thu, 14 Dec 2017 14:26:08 +0000
Republicans in the U.S. Congress reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that, if approved, would be sent to President Donald Trump to sign into law. Formal …
Thu, 14 Dec 2017 14:14:11 +0000
Female kitchen workers at the McCormick & Schmick’s seafood restaurant in downtown Boston were subjected to constant groping and lewd comments from male supervisors and co-workers, and their complaints to the company were routinely ignored, five women ...
Thu, 14 Dec 2017 14:09:05 +0000
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced that effective December 31, Henning Haagen will take over as North American regional head of Specialty Lines, and Rich Soja will become the North America...
Thu, 14 Dec 2017 13:55:51 +0000
Greene & Associates, an East Aurora, N.Y.-based underwriting manager and wholesale broker, has hired Theresa Del Priore as a sales manager. Del Priore comes to Greene with more than 30 years of experience in the insurance industry, most recently serving …
Thu, 14 Dec 2017 13:42:26 +0000
A Manhattan federal judge on Tuesday dismissed a lawsuit brought by New York’s banking regulator against the U.S. Comptroller of the Currency (OCC) over its proposal to offer charters that would let online lenders and other so-called “fintech” companie...
Thu, 14 Dec 2017 13:37:13 +0000
A United Nations expert on extreme poverty and human rights met Monday with hurricane victims in Puerto Rico as complaints grow about the U.S. government’s response to a Category 4 storm. U.N. envoy Philip Alston toured one of the hardest …
Thu, 14 Dec 2017 12:44:35 +0000
Gibraltar’s financial services watchdog will introduce the world’s first bespoke license for “fintech” firms using blockchain distributed ledger technology (DLT) from next month in a bid to attract start-ups to the British overseas territory as it prep...
Thu, 14 Dec 2017 11:35:57 +0000
Chubb announced two leadership appointments in the company’s Asia Pacific business. John French, currently country president for Australia and New Zealand, has been appointed to the position of senior vice president, head of Broker Distribution for Asi...
Thu, 14 Dec 2017 10:58:47 +0000
Some of last year’s crazy weather — including extreme heat around the world to unusually warm waters in the Bering Sea — can be blamed on man-made climate change, according to a report from a group of weather researchers. Scientists …
Thu, 14 Dec 2017 10:45:50 +0000
London police are considering a variety of criminal charges related to the June fire at Grenfell Tower that killed 71 people. Police told an inquiry Monday [Dec. 11] that the possible charges include misconduct in public office, manslaughter, corporate...
Thu, 14 Dec 2017 06:00:48 +0000
The NFL Network, ESPN and Bill Simmons’ The Ringer have suspended five on-air commentators and a senior executive after allegations of sexual harassment by a former co-worker. The former football players, including Hall of Fame running back Marshall Fa...
Thu, 14 Dec 2017 06:00:36 +0000
Uber Technologies Inc. directors were accused of failing to properly review the ride-sharing company’s $680 million acquisition of a self-driving technology firm that wound up being accused of stealing trade secrets from a unit of Alphabet Inc. Uber’s ...
Thu, 14 Dec 2017 06:00:08 +0000
One guest at the Westin Hotel in downtown Seattle opened his door naked and urged housekeeper Ely Dar to come in. Another offered her money in exchange for a massage. A guest once told her she was beautiful, then grabbed …
Thu, 14 Dec 2017 05:51:07 +0000
Starr Companies have formed an agreement with the Academy of Model Aeronautics (AMA) to offer its members insurance coverage for the commercial use of unmanned aircraft systems (UAS), also known as drones. Coverage includes personal injury up to $250,0...
Thu, 14 Dec 2017 05:48:44 +0000
Three fraternities at a University of North Carolina campus have been suspended for hazing and other infractions. The Charlotte Observer reports that the UNC Charlotte’s Office of Student Conduct says Delta Chi, Lambda Chi Alpha and Phi Sigma Kappa have …
Thu, 14 Dec 2017 05:41:31 +0000
Prime Risk Partners announced that Robert C. Smith has joined the company as executive vice president and chief operating officer. Smith’s career has focused on agency operations consulting and mergers and acquisitions. As a senior consultant and share...
Thu, 14 Dec 2017 05:15:20 +0000
A Tennessee company has filed a lawsuit against The Greenbrier Hotel Corporation in West Virginia and two affiliated companies, citing The Greenbrier resort’s failure to pay out on damaged rental equipment. The Charleston Gazette-Mail reported Sunday t...