September 20, 2018
Thu, 20 Sep 2018 22:12:52 +0000
The price of workers’ compensation insurance in Washington could drop significantly in 2019. The Washington Department of Labor & Industries this week proposed a 5 percent decrease in the average premium employers pay for the coverage. If approved, the...
Thu, 20 Sep 2018 16:49:30 +0000
Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The new Property Quantified product models ...
Thu, 20 Sep 2018 16:36:40 +0000
Insurer COUNTRY Financial, headquartered in Bloomington, Illinois, has named Jim Jacobs as its next chief executive officer (CEO), effective early next year. He succeeds Kurt Bock, who is retiring Jan. 31, 2019, after serving as CEO for seven years. Ja...
Thu, 20 Sep 2018 16:29:20 +0000
The death toll from Hurricane Florence climbed to at least 37, including two mental health patients who drowned when a sheriff’s van was swept away by floodwaters, and North Carolina’s governor pleaded with thousands of evacuees not to return home …
Thu, 20 Sep 2018 16:28:13 +0000
Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24. Schallhorn formerly was president of Reserve National Insurance Co. In a departmental press announcement, Oklahoma Insurance Commissio...
Thu, 20 Sep 2018 16:21:30 +0000
North Dakota regulators are considering relaxing rules that require shippers to remove the most volatile gases from oil before it’s loaded onto train cars. The rules, which were fought by the energy industry, took effect in 2015 and are aimed …
Thu, 20 Sep 2018 15:26:15 +0000
Louisiana’s insurance commissioner says the state’s auto insurance market may be stabilizing, with a smaller rise in premiums expected this year compared with prior years. Insurance Commissioner Jim Donelon says Louisiana’s auto market has seen a 2.1 p...
Thu, 20 Sep 2018 14:37:46 +0000
The parents of a teenager who was killed in a 2012 avalanche at a Vail Resort property are appealing a judge and jury’s decision in their son’s death case. Dr. Louise Ingalls and Dr. Steve Conlin, the parents of Taft …
Thu, 20 Sep 2018 14:28:55 +0000
A female Uber driver in Arizona is suing Tampa Bay Buccaneers quarterback Jameis Winston, accusing him of sexual assault. Court documents say the woman filed the suit in Arizona this week and is seeking more than $75,000 in damages. She …
Thu, 20 Sep 2018 14:18:54 +0000
San Diego, Calif.-based Cavignac & Associates has named Fauntelle Carrillo an account executive within its personal lines department. Carrillo is charged with maintaining existing client relationships, educating clients on preventative risk measures an...
Thu, 20 Sep 2018 13:45:25 +0000
Bayer AG unit Monsanto on Tuesday asked a California judge to throw out a $289 million jury verdict awarded to a man who alleged the company’s glyphosate-based weed-killers, including Roundup, gave him cancer. The company said in motions filed in …
Thu, 20 Sep 2018 13:32:10 +0000
A Maryland man is accused of stealing hurricane victim’s identities as part what the Secret Service describes as an $8 million effort to scam a Federal Emergency Management Agency program. News outlets reported Tuesday that 30-year-old Tare Stanley Oki...
Thu, 20 Sep 2018 13:28:02 +0000
Parents of children in the Roman Catholic Church and survivors of sexual abuse by clergy filed a lawsuit Monday against Pennsylvania’s eight dioceses and their bishops asking a judge to compel them to release information about abuse allegations. The la...
Thu, 20 Sep 2018 13:23:23 +0000
A relief fund will be established to help Massachusetts residents whose lives were disrupted by a series of natural gas fires and explosions. The announcement was made Monday by Republican Governor Charlie Baker and leaders of the three affected commun...
Thu, 20 Sep 2018 12:52:12 +0000
McDonald’s workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking to combat sexual harassment in the workplace. In Chicago, one of the targeted cities, several dozen protesters rallied in fron...
Thu, 20 Sep 2018 10:31:49 +0000
The International Olympic Committee (IOC) says insurance company Allianz signed as a worldwide sponsor from 2021 through the 2028 Los Angeles Olympics. The value of the deal, which includes becoming a partner of the Paralympics, was not given. The IOC …
Thu, 20 Sep 2018 10:11:11 +0000
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co....
Thu, 20 Sep 2018 09:43:09 +0000
Marsh announced the appointment of Alistair Fraser as CEO of its UK Corporate division. Fraser succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. Both appointments, which are subject to regulatory approval, are expected to take effe...
Thu, 20 Sep 2018 08:28:02 +0000
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board …
Thu, 20 Sep 2018 08:00:34 +0000
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from …
Thu, 20 Sep 2018 07:30:32 +0000
Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the …
Thu, 20 Sep 2018 06:06:22 +0000
Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its …
Thu, 20 Sep 2018 05:46:54 +0000
Alliant Insurance Services has added Brady Ayala as senior vice president in its Employee Benefits Group in Oklahoma City. Ayala will service a growing portfolio of regional clients, deploying a full range of benefits consulting solutions focused on st...
Thu, 20 Sep 2018 05:00:57 +0000
Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms …
Thu, 20 Sep 2018 05:00:39 +0000
Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of …
Thu, 20 Sep 2018 05:00:26 +0000
Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) pro...
Thu, 20 Sep 2018 05:00:18 +0000
A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths. U.S. District Judge Alison Nathan approved a …
Thu, 20 Sep 2018 04:37:07 +0000
In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s anti-assignment provision was not prohibited. But the batt...
Thu, 20 Sep 2018 04:32:12 +0000
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Champion Benefits of Atlanta. The company provides integrated, strategic benefit plans for clients with a fully integrated team i...
Thu, 20 Sep 2018 04:24:29 +0000
Contractors that worked on the bridge near a Florida university that collapsed, killing six people, have been fined more than $86,000 for workplace violations. The Miami Herald reported Tuesday that the Occupational Safety and Health Administration iss...