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Fri, 15 Nov 2019 00:15:22 +0000
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2020. This is the ninth conse...
Thu, 14 Nov 2019 20:36:58 +0000
California’s property insurer of last resort will soon be offering more homeowners coverage options as directed by the state’s insurance commissioner in response to the pressure put on the property insurance market by wildfire risks. California Commiss...
Thu, 14 Nov 2019 19:30:01 +0000
On the tail-end of what turned out to be an extremely risky year for cannabis companies, one must wonder what 2020 has in store for a quasi-legal industry that is contending with a vaping crisis, contentious politics at all levels …
Thu, 14 Nov 2019 17:05:28 +0000
Simon Matson, CEO of Arthur J. Gallagher’s UK broking and underwriting business, has apologized for “insensitive comments” made when former employees left Gallagher-owned Alesco to join Ardonagh Group. Comments made by Matson and other Alesco executive...
Thu, 14 Nov 2019 16:59:50 +0000
Suzette Torres and Gina Marquez have joined the Houston management team of wholesale insurance broker and underwriting manager, Burns & Wilcox. Torres joins as a managing director and Marquez joins as an operations manager. Torres oversees day-to-day m...
Thu, 14 Nov 2019 16:48:29 +0000
Nationwide’s pet insurance operation has new top dog. Heidi Sirota has been named chief pet officer for Nationwide’s pet health insurance unit. In her new role, Sirota will oversee all aspects of Nationwide pet insurance operation including profitabili...
Thu, 14 Nov 2019 15:36:18 +0000
The California Trucking Association and two California independent owner-operator truck drivers have filed an amended complaint with the U.S. Southern District Court seeking declaratory and injunctive relief against California’s new independent contrac...
Thu, 14 Nov 2019 15:33:31 +0000
Vermont police are investigating after one person was injured by the explosion of what’s described as a “small homemade destructive device.” Brattleboro police say there is no known concern for the safety of the public. Police and rescue crews were …
Thu, 14 Nov 2019 15:25:49 +0000
Sean P. Campbell recently joined Union Mutual of Vermont Companies as assistant vice president of Personal Lines Underwriting and Business Development, President and CEO Michael Nobles announced. Campbell will be based in Central New York in his new ro...
Thu, 14 Nov 2019 14:56:12 +0000
A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer’s top leadership team and that she was fired after complaining about a lack of diversity. Mona Moazzaz, a former chi...
Thu, 14 Nov 2019 14:39:16 +0000
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed 25-year industry veteran Michael S. Grant as employee benefits practice leader for the firm’s Greater New York region. Prior to joining Risk Strateg...
Thu, 14 Nov 2019 14:37:22 +0000
Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this bad. “Getting coverage is nearly impossible,” said Pacifico, vice president at Rickenbaugh Automotive Group. Two years ago he ...
Thu, 14 Nov 2019 14:05:18 +0000
Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ($2.6 million) was stolen earlier this year from an E...
Thu, 14 Nov 2019 13:54:10 +0000
Mediation between Bayer and plaintiffs in the United States aims to clarify all justified claims related to Roundup herbicide both at the national and state level, mediator Ken Feinberg told a German magazine. “The mediation is going slowly but steadil...
Thu, 14 Nov 2019 13:17:56 +0000
Allianz SE and Microsoft Corp. announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process easier while creating a better experience for insurance companies and their customers. Through the s...
Thu, 14 Nov 2019 10:32:17 +0000
Chubb announced the appointment of Jason Keen as division president, Chubb Global Markets. In this role, Keen will have responsibility for the leadership, strategy and performance of Chubb Global Markets, which comprises Chubb’s London market wholesale...
Thu, 14 Nov 2019 10:07:48 +0000
Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising lost costs will fuel the moderate but steady increase, the …
Thu, 14 Nov 2019 09:49:54 +0000
Scores of wildfires continued to rage across vast tracts of Australia’s drought-stricken east coast on Wednesday, forcing hundreds of residents to evacuate their homes, some for the second time in a week. The most intense fires were concentrated in the …
Thu, 14 Nov 2019 09:28:10 +0000
Extreme floods in Venice, fires in Australia and even an outbreak of plague in China have been attributed to climate change this week, while researchers have warned that global warming could saddle future generations with life-long illness. Venice decl...
Thu, 14 Nov 2019 07:48:28 +0000
Two Houston-based oil field services companies have agreed to pay a total of $1,225,000 to settle a race discrimination and retaliation lawsuit filed by federal officials. According to the U.S. Equal Employment Opportunity Commission, Nabors Corporate ...
Thu, 14 Nov 2019 07:11:57 +0000
An insurance agent in Wisconsin has had his license revoked and ordered to pay nearly $800,000 in penalties and restitution after being found in violation of insurance laws in the state. The former insurance agent, Barry Rumpel, may no longer …
Thu, 14 Nov 2019 07:00:08 +0000
Waukee, Iowa-based employee-owned and controlled insurance broker, Holmes Murphy, has launched a new company focused on employee wellbeing — ethOs. Led by Ali Payne, EthOs will focus on improving workplace culture, engagement with multi-generational ...
Thu, 14 Nov 2019 06:53:31 +0000
Independent Insurance Agents of Illinois (IIA of IL) has elected Bill Wirth, of Wirth Agency in Waterloo, as president of the group for a term that runs until Sept. 30, 2020. As president, Wirth will serve as a member of …
Thu, 14 Nov 2019 06:48:57 +0000
Dason Gwartney has been named vice president and employee benefits practice leader at Universal Insurance Agency in Durant, Oklahoma, a unit of First United Bank. Gwartney joins First United/Universal with more than 25 years working with employee benef...
Thu, 14 Nov 2019 06:00:44 +0000
Aviation regulators around the world need to do a better job of assessing hazards in aircraft designs and understanding how pilots might be tripped up by complex technology in the wake of the two fatal crashes on Boeing Co.’s 737 …
Thu, 14 Nov 2019 06:00:34 +0000
CAC Specialty has named Chelley Schaper senior vice president in Denver Colo. Schaper has more than 20 years of experience, including 16 years at Lockton working with complex risk accounts, with a specialization in the real estate industry. Most recent...
Thu, 14 Nov 2019 06:00:17 +0000
On Dec. 14, 2018, Aaron Cole was about to buy a new house and received an email that he thought was from his title company, directing him to make a $123,000 deposit. Cole complied, not realizing that a sophisticated hacker …
Thu, 14 Nov 2019 06:00:09 +0000
Golden Bear Insurance Co. in California has named Gary Shreve vice president and primary casualty manager. Shreve has more than 30 years of experience. He began his career with the Aetna Casualty & Surety Co. as a multi-line underwriter. He’s …
Thu, 14 Nov 2019 05:54:35 +0000
Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (SSL Endeavour) will launch a managing general agent (MGA) based in Miami, and a trio of senior hires to support growth in Latin America. Set to begin Jan. 1, …
Thu, 14 Nov 2019 05:49:43 +0000
Mercury Insurance has introduced landlord insurance in California designed to help protect people with rental properties. Landlord insurance covers the costs to repair rental properties if they’re damaged by fires, lightning, wind, hail and other cover...