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Tue, 21 May 2019 16:58:40 +0000
Hiscox has enhanced its Security Incident Response (SIR) product to provide additional protection for ‘business integrity risks’ including corruption and fraud. The new SIR policy also includes cover for expenses incurred by a business when dealing wit...
Tue, 21 May 2019 16:50:39 +0000
The West Virginia Department of Environmental Protection and Mountain Valley Pipeline have agreed the latter will pay $266,000 for environmental violations dating back to April 2018. The Charleston Gazette-Mail reports the consent agreement dated April...
Tue, 21 May 2019 16:48:20 +0000
Tennessee Gov. Bill Lee has filed an appeal after the federal government denied his request for individual aid for residents in five counties battered by flooding and severe storms. A news release from the Tennessee Emergency Management Agency says the …
Tue, 21 May 2019 16:36:39 +0000
The Texas Department of Insurance (TDI) has filed an action to stop Georgia-based Aliera Healthcare from selling health insurance in Texas without a state license. The public hearing will begin at 9 a.m. May 28 at the State Office of …
Tue, 21 May 2019 16:27:37 +0000
After urging the Trump administration for over a year to release billions in long-awaited disaster relief funding to Texas and other disaster-affected states to no avail, Texans in Congress are now taking more aggressive measures. This week, U.S. Reps....
Tue, 21 May 2019 16:19:05 +0000
Missouri lawmakers have given final approval to a measure that could relax a pair of roadway safety provisions. The legislation sent to Gov. Mike Parson on Friday would do away with the need for vehicle safety inspections on an estimated …
Tue, 21 May 2019 16:17:22 +0000
Billionaire businessman Dan Gilbert is starting a ballot drive as a “failsafe” in case Michigan’s Republican-led Legislature and Democratic Gov. Gretchen Whitmer do not enact legislation to cut the country’s highest auto insurance premiums. The move, c...
Tue, 21 May 2019 16:14:29 +0000
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, appointed Paul Kunzer to the role of head of Trade Credit Multi-Buyer and Excess of Loss (XOL). Based in Chicago, Kunzer will lead the development of LSM’s new Trade Credit offering …
Tue, 21 May 2019 15:58:05 +0000
The heavy rain, high winds and hail that swept across the southern Great Plains is now headed to Arkansas and Missouri, where farmers are already struggling to get crops in the ground in a brutally wet spring. The massive outbreak …
Tue, 21 May 2019 14:57:45 +0000
The U.S. property/casualty industry posted net underwriting income of $4.2 billion in first-quarter 2019, a 24.0% increase from the same period in the previous year, according to preliminary financial results. According to Best’s Special Report, “First...
Tue, 21 May 2019 14:35:37 +0000
The state of Nevada has reached a tentative settlement with dozens of homeowners and insurance companies that filed an $80 million negligence lawsuit after a fire destroyed 24 homes when strong winds reignited a smoldering prescribed burn south of Reno …
Tue, 21 May 2019 14:32:07 +0000
A New Mexico mayor has proposed billing drivers involved in car accidents resulting in hazardous material cleanup or victim extractions. The Albuquerque Journal reported that Mayor Tim Keller’s budget proposal for fiscal year 2020 includes a new “cost ...
Tue, 21 May 2019 14:26:39 +0000
The United States Postal Service is going to put mail on self-driving trucks. Starting on Tuesday morning, letters and packages moving between Phoenix and Dallas will travel on customized Peterbilt trucks run by TuSimple, an autonomous startup based in...
Tue, 21 May 2019 14:16:14 +0000
Burbank, Calif.-based Monarch E&S Insurance Services hired Matt Romano as vice president to launch the firm’s flood practice. Romano for the last seven years has worked both as a retailer and wholesaler specializing in private market flood insurance. H...
Tue, 21 May 2019 14:08:39 +0000
Remember Google Glass? The vaunted debut of the company’s computerized eyewear six years ago was one of Silicon Valley’s more spectacular flops. Deemed too awkward and pretentious, early users were disparaged as “glassholes” by a critical public. Paren...
Tue, 21 May 2019 13:45:47 +0000
Brian Winters has been appointed head of Sales and Distribution, U.S. Commercial Insurance, for Zurich North America. Zurich said the appointment is part of its effort to strengthen relationships with customers and brokers. Toward that end, Zurich is a...
Tue, 21 May 2019 13:37:07 +0000
The U.S. Supreme Court on Monday gave Merck & Co. a new opportunity to avoid lawsuits accusing the company of failing to properly warn patients of debilitating thigh-bone fractures from taking its osteoporosis drug Fosamax, throwing out a lower court …
Tue, 21 May 2019 13:31:43 +0000
McDonald’s Corp., in the face of criticism for its handling of harassment complaints, said it’s training workers to deal with the issue and is starting a hotline for victims. In a letter responding to an inquiry from U.S. Senator Tammy …
Tue, 21 May 2019 13:16:14 +0000
Firefighters from around New York state are asking state lawmakers to change the law so fire departments can recoup the cost of emergency medical calls from patient insurance plans. Under current law, volunteer ambulance corps and private ambulance com...
Tue, 21 May 2019 13:08:32 +0000
Kaufman Dolowich & Voluck LLP (KDV), a national law firm, has hired Peter A. Stroili as an insurance coverage partner in its New York City office. Stroili has 30 years of experience in insurance coverage, professional liability and directors and …
Tue, 21 May 2019 13:04:19 +0000
Massachusetts health officials say a seafood restaurant worker has tested positive for hepatitis A and are warning customers they may have been exposed to the disease. The state Department of Public Health and local health officials are urging customer...
Tue, 21 May 2019 11:30:51 +0000
Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services conglomerate. The deal is subject to approval by t...
Tue, 21 May 2019 09:49:25 +0000
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines Insurance in Germany. Pützer is bas...
Tue, 21 May 2019 09:02:20 +0000
Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show –- with 50 workers and visions of serving 300 million customers. Ma’s Ant …
Tue, 21 May 2019 08:40:51 +0000
Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector’s risk management. Existing companies must comply by June next year, while it is effective immediately for the i...
Tue, 21 May 2019 08:36:43 +0000
Brazilian miner Vale‘s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state’s environment secretary said on Monday. The dam at Vale‘s Gongo Soco mine is about 40 …
Tue, 21 May 2019 08:03:47 +0000
MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk modeling. The investment sees MS Amlin...
Tue, 21 May 2019 07:48:23 +0000
Britain’s finance industry will emerge stronger from Brexit, remaining one of the world’s top financial centers, ministers in Prime Minister Theresa May’s government forecast on Monday. Since Britain voted to leave the European Union three years ago, L...
Tue, 21 May 2019 05:24:30 +0000
State Farm has reduced its homeowners insurance rates by an average of 14.4 percent in Florida for current and future home insurance customers. The new rates went into effect May 15, 2019 for new business and July 1, 2019 for …
Tue, 21 May 2019 05:08:53 +0000
Country music star Travis Tritt says his tour bus was “sideswiped” in a multi-vehicle crash that left two people dead in South Carolina. News outlets report the crash occurred early Saturday on Highway 22 in Horry County. One person suffered …