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Thu, 17 Jan 2019 10:02:26 +0000
The failure to tackle climate change and extreme weather events are the most threatening global risks this year, according to the World Economic Forum. Inability to mitigate or adapt to climate change leapfrogged several places on the list as the …
Thu, 17 Jan 2019 07:24:08 +0000
Lloyd’s broker AFL Insurance Brokers Ltd’s independent USA managing general agent subsidiary Zodiac Insurance Services has launched directors and officers (D&O) capacity for the small global financial institutions (Small FI) market. Partnering with und...
Thu, 17 Jan 2019 07:08:36 +0000
The North Carolina Industrial Commission’s Compliance and Fraud Investigative Division collected more than $3.2 million in penalties and issued 289 criminal charges at the end of the first two quarters of Fiscal Year 2018-19 as it continues to identify...
Thu, 17 Jan 2019 06:46:21 +0000
South Carolina lawmakers are once again introducing legislation to legalize marijuana for treatment of critically ill patients in the state, making another go at a debate that has gradually made progress in this deeply red state in recent years. Sen. …
Thu, 17 Jan 2019 06:30:11 +0000
Peoria, Illinois-based RLI Corp. has promoted Bob Kirk and Brian Schick within its Surety group. Kirk, assistant vice president, Commercial Surety, has been promoted to vice president, Commercial Surety. Kirk succeeds Martha Weissbaum, who recently ret...
Thu, 17 Jan 2019 06:17:56 +0000
Authorities say a distillery employee in Kentucky died after falling from a suspended walkway at the facility. The Daviess County coroner’s office said Tuesday that an autopsy revealed 44-year-old Dennis Layman of Owensboro died of blunt force trauma a...
Thu, 17 Jan 2019 06:00:38 +0000
U.S. President Donald Trump’s new pick to run the Environmental Protection Agency told lawmakers on Wednesday he does not believe climate change is a major crisis, and would continue to undo Obama-era emission limits if confirmed. Trump nominated EPA A...
Thu, 17 Jan 2019 06:00:17 +0000
As U.S. rates of marijuana use continue to rise, workers who use marijuana may be at higher risk of losing their jobs. Job loss may be an overlooked social cost of marijuana use, according to the new research by Cassandra …
Thu, 17 Jan 2019 06:00:16 +0000
Markel Corp. is facing is class action shareholder lawsuit over reserve statements by its investment management unit that are being investigated by U.S. and Bermuda authorities New York law firm Bragar Eagel & Squire said it filed the class action …
Thu, 17 Jan 2019 05:40:47 +0000
Cabrillo Coastal General Insurance Agency launched a flood endorsement for new or existing dwelling fire policies for its admitted program in Florida. The coverage follows Cabrillo Coastal’s launch of a flood endorsement for new or existing homeowners ...
Wed, 16 Jan 2019 17:50:12 +0000
A North Carolina restaurant has been fined by federal officials who say it violated minimum wage and child labor laws. The U.S. Department of Labor announced in a news release that Max’s Pizza in Surf City was fined $14,287 for …
Wed, 16 Jan 2019 17:42:49 +0000
San Diego, California-based Preferred Employers Insurance, a Berkley Company, has added workers’ compensation underwriting expert, Minoo Bhatia, as a senior business development underwriter. Bhatia comes to Preferred with over 25 years of workers’ comp...
Wed, 16 Jan 2019 17:26:04 +0000
Officials say there are no reports of damage after a 4.2 magnitude earthquake struck northern Oklahoma on Tuesday morning. The U.S. Geological Survey says the quake was centered near Hayward, or about 50 miles north of Oklahoma City. It had …
Wed, 16 Jan 2019 17:21:54 +0000
AVYST, a provider of sales and risk management produces and services for independent insurance agents and brokers and their carrier partners, announced that Kitty Ambers has joined the insuretech firm in Dallas as chief growth officer. Ambers will be r...
Wed, 16 Jan 2019 17:16:25 +0000
Charleston, South Carolina-based Johnson & Johnson is expanding its footprint into Louisiana by acquiring the assets of Strickland General Agency of LA Inc. (SGA LA), located in Harahan, Louisiana. Strickland General Agency was established in 1995 as a...
Wed, 16 Jan 2019 17:12:17 +0000
The first in a series of Pacific storms brought heavy rain to Southern California and snow in the mountains on Jan. 14, closing some highways and snarling traffic. Fears were that the rain could unleash mud and debris flows from …
Wed, 16 Jan 2019 17:08:36 +0000
Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the ma...
Wed, 16 Jan 2019 16:56:27 +0000
Seven Minnesota cities are suing a group of companies that refine coal-tar sealants to help pay for cleanup after the product’s harmful chemicals ended up in stormwater ponds across the state. The cities filed separate federal lawsuits last month to …
Wed, 16 Jan 2019 16:54:17 +0000
With a new Democratic ally in the governor’s office, a handful of Republican lawmakers are pushing for Wisconsin to join the rest of the country and criminalize first-offense drunken driving. On paper it might look like a can’t-miss bipartisan initiati...
Wed, 16 Jan 2019 16:49:36 +0000
Anita Fox officially began her tenure as director of the Michigan Department of Insurance and Financial Services (DIFS) after being sworn in on Jan. 14. Director Fox was appointed by Gov. Gretchen Whitmer on Dec. 27, 2018. She brings more …
Wed, 16 Jan 2019 15:33:29 +0000
ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with insurtech startup Axieme to provide on-demand, pay-as-you-go insurance for temporary and short-term workers in Italy’s gig econ...
Wed, 16 Jan 2019 14:44:22 +0000
The Iroquois Group, an Allegany, N.Y.-headquartered network of independent insurance agencies, has hired Charles Venus as its vice president of Middle Market & Specialty. Venus is based in Northern Virginia. The former commercial lines leader for Brown...
Wed, 16 Jan 2019 14:38:55 +0000
Optisure Risk Partners, a Manchester, N.H.-based provider of risk management and insurance, has hired Greg Soden as vice president of revenue development. In this role, Soden will work as part of the executive leadership team to develop and implement s...
Wed, 16 Jan 2019 14:16:05 +0000
The board of directors of American International Group has elected Thomas Firouz Motamed, who retired as chairman and chief executive officer of CNA Financial Corp. in 2016, as a director. Motamed has also been appointed to the board’s Risk & …
Wed, 16 Jan 2019 13:46:03 +0000
New York Governor Andrew Cuomo is seeking to end his state’s role as the nation’s collections department for predatory loans to small businesses. Cuomo plans to submit legislation to curtail the use of confessions of judgment, he said Tuesday in …
Wed, 16 Jan 2019 13:34:51 +0000
Members of the wealthy Sackler family behind Purdue Pharma LP pushed it to boost sales of OxyContin and other opioids even as questions emerged about the extent its painkillers were being abused, Massachusetts’ attorney general alleged on Tuesday. Atto...
Wed, 16 Jan 2019 12:32:41 +0000
A Moody’s Corp. managing director fired for lashing out at a junior co-worker who criticized his team’s work won his Paris job back and a 1.6 million-euro ($1.8 million) payout. Moody’s France fired the managing director in March 2015 after …
Wed, 16 Jan 2019 12:03:41 +0000
HDI Global SE (HDI) has appointed Claire McDonald as managing director of its UK and Ireland operations. She will assume the role on March 18, 2019. McDonald will join the company from Allianz Global & Corporate Specialty SE where she …
Wed, 16 Jan 2019 11:37:15 +0000
Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10 weeks before it is …
Wed, 16 Jan 2019 11:22:49 +0000
After sending rival Uber Technologies Inc. packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab Pte. has set itself a stiffer target. It wants to be a regional super-app. Think of it as a digital conglomerate that …