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Fri, 18 Aug 2017 10:16:57 +0000
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled US$23 billion, while economic losses during the same period came to US$44 billion – an indication of the extent of the protection gap that …
Fri, 18 Aug 2017 08:06:00 +0000
XL Catlin announced the appointment of Louise Piper as UK Client and Distribution director, effective Sept. 1, 2017. In this role, Piper will be responsible for working with brokers and clients to ensure that XL Catlin continues to provide the …
Fri, 18 Aug 2017 07:46:42 +0000
A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services it offers to …
Fri, 18 Aug 2017 06:36:07 +0000
A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a bad deal. Britain …
Fri, 18 Aug 2017 05:30:37 +0000
Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas avenue. One Catalan police …
Fri, 18 Aug 2017 05:00:54 +0000
Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation. “We have a …
Fri, 18 Aug 2017 05:00:17 +0000
Republican lawmakers in six states have pushed this year for legal protections for motorists who hit protesters blocking traffic. Fairly or not, they’re facing an intense backlash now that violent images of a car ramming into a crowd protesting a …
Fri, 18 Aug 2017 05:00:15 +0000
A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on Wednesday, two nonprofits said the …
Fri, 18 Aug 2017 04:31:12 +0000
A West Virginia city’s lawsuit against a drug company has led to a dispute over which is at fault in the opioid epidemic. The Charleston Gazette-Mail reported last week that one of the nation’s largest drug wholesalers is attempting to …
Fri, 18 Aug 2017 04:21:34 +0000
The head of the Florida agency that oversees state’s highway patrol insists troopers don’t have ticket quotas. Terry Rhodes on Tuesday told Gov. Rick Scott and members of the state Cabinet that her agency is reminding all supervisors that quotas …
Fri, 18 Aug 2017 02:03:40 +0000
Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …
Thu, 17 Aug 2017 21:56:47 +0000
The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report released this week from American Express and Dun & …
Thu, 17 Aug 2017 19:44:45 +0000
Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the Workers’ Compensation Insurance Rating Bureau. ...
Thu, 17 Aug 2017 16:52:50 +0000
Southern Minnesota residents are on edge after another quarry blast from a nearby mining operation sent a barrage of rocks through a neighborhood. A blast at Jefferson Quarry sent chunks of limestone — some as large as bowling balls — …
Thu, 17 Aug 2017 16:26:25 +0000
Texas insurance experts and meteorologists will be touring the Texas coast to inform the public about hurricane awareness and new legislation aimed at mitigating storm damage and related insurance costs. The Insurance Council of Texas (ICT) will lead t...
Thu, 17 Aug 2017 16:20:59 +0000
A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European cities. Catalonia’s regional government said 50 people …
Thu, 17 Aug 2017 16:17:11 +0000
To help prevent fatal crashes more than 600 miles of cable barriers will be installed in highway medians across Louisiana through state and federal funding totaling more than $100 million. KTBS-TV reports crews will begin installing the barriers for 41 …
Thu, 17 Aug 2017 16:14:31 +0000
Ford Motor Co. has agreed to pay up to $10.125 million to settle an investigation by the U.S. Equal Employment Opportunity Commission (EEOC) over alleged sex and race harassment at two Ford plants, the federal agency announced. In its investigation, …
Thu, 17 Aug 2017 16:08:58 +0000
The first woman to sue Waco, Texas-based Baylor University over allegations the nation’s largest Baptist school ignored or mishandled rape allegations has settled her case, her attorney said. Jasmin Hernandez sued Baylor in early 2016, two months befor...
Thu, 17 Aug 2017 16:02:59 +0000
Managing general agency and surplus lines broker, J.M. Wilson, has added Mitchell Bailey as assistant transportation underwriter in its Portage, Michigan, office. Bailey is responsible for quoting new and renewal transportation accounts, setting up and...
Thu, 17 Aug 2017 15:55:30 +0000
The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based...
Thu, 17 Aug 2017 15:18:06 +0000
The extreme heat this summer in Las Vegas has been causing a multitude of delays and cancellations at McCarran International Airport, including one airline that suspended service for the season and another that had to adjust its departure schedule. Air...
Thu, 17 Aug 2017 15:14:40 +0000
Idaho Transportation Department officials are hoping technology from a Utah company will help improve traveler safety if traffic comes to a complete halt during the solar eclipse. Millions across the country are expected to travel to the path of totali...
Thu, 17 Aug 2017 14:15:37 +0000
Swiss Re Corporate Solutions has created a global Contingency and Sports Personal Accident (PA) team and appointed Jonathan Cole as head Contingency and Sports PA, effective immediately. Cole will be responsible for expanding these lines of business ac...
Thu, 17 Aug 2017 14:15:05 +0000
A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc. in a closely watched lawsuit over whether passengers gave up their right to sue the ride-sharing company when they registered for its service. The 2nd U.S. Circuit …
Thu, 17 Aug 2017 14:12:13 +0000
Partners Insurance Group LLC, a Swansea, Mass.-headquartered independent insurance agency with eight locations in Southeastern Massachusetts and Rhode Island, has promoted Michelle McDonald to vice president. McDonald joined Partners Insurance Group in...
Thu, 17 Aug 2017 14:06:03 +0000
A federal appeals court on Tuesday said the New York Times Co. must face a defamation lawsuit by a Louisiana economics professor who said it quoted him out of context by saying he described slavery as “not so bad.” The …
Thu, 17 Aug 2017 14:00:30 +0000
Frederick Mutual Insurance Company (FMIC), a Frederick, Md.-based provider of insurance coverage for homeowners and businesses, has promoted Bob Pelletier from assistant vice president and claim manager to vice president and chief claim officer. Pellet...
Thu, 17 Aug 2017 13:40:33 +0000
New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co., Gallagher Bassett Services Inc. and R...
Thu, 17 Aug 2017 13:27:04 +0000
Credit rating activity for the U.S. property/casualty industry in the first half of 2017 was favorable, with upgrades outpacing downgrades. Nearly one-third of the 2017 upgrades were driven by increased parental support, ongoing mergers and acquisition...