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Thu, 26 Apr 2018 14:10:23 +0000
The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been repeatedly damaged by …
Thu, 26 Apr 2018 13:05:49 +0000
Investigators say the pilot of a small plane had reported ice buildup on his aircraft and asked to divert to a nearby airport shortly before the crash that killed him and his passenger last week in Pennsylvania. A preliminary report …
Thu, 26 Apr 2018 12:23:49 +0000
Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting firm’s survey found that 80 …
Thu, 26 Apr 2018 12:00:02 +0000
Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 billion of such deals in the …
Thu, 26 Apr 2018 15:35:58 +0000
A judge in the U.S. District Court for the Western District of Pennsylvania awarded summary judgment to an insurer accused of bad faith after denying a man’s claim for losses exceeding $1 million when a fire destroyed his home. The …
Thu, 26 Apr 2018 14:52:41 +0000
David Copperfield insisted this week he knew of no one being injured during more than 15 years of performing a signature vanishing act at the center of a lawsuit by a British tourist who claims he was seriously hurt in …
Thu, 26 Apr 2018 14:39:45 +0000
Utility giants PG&E Corp. and Edison International could gain at least some protection against future wildfire damages under a bill that’s advancing in California’s legislature. An amended bill being weighed by California’s Senate would shield utilitie...
Thu, 26 Apr 2018 06:56:30 +0000
A Florida man was sentenced to nine years in state prison for filing more than $1.2 million in false claims for refrigerated cargo purportedly spoiled in cross-country transport by his long-haul trucking companies based out of Middlesex County, N.J. Pa...
Thu, 26 Apr 2018 06:16:24 +0000
More than 700 law enforcement officers, prosecutors and investigators from across the U.S. and Canada recently attended the seventh annual National Cyber Crime Conference hosted by Massachusetts Attorney General Maura Healey. The three-day conference s...
Thu, 26 Apr 2018 06:00:19 +0000
Liberty Mutual has introduced two new policy forms – umbrella and contractor’s equipment – designed to make it easier for brokers to meet a broader set of coverage needs for their customers. Liberty Mutual’s new, simplified umbrella form offers bro...
Thu, 26 Apr 2018 04:26:08 +0000
Mike Humphry has joined The Iroquois Group’s Mid-Atlantic team as a regional manager for southern Ohio and Kentucky. Humphry’s insurance career, which began in 1980, has included experience in both the independent agency and exclusive agency distributi...
Thu, 26 Apr 2018 04:22:15 +0000
GuideWell Insurance Agency, an exclusive property and casualty agency for Florida Blue health plan members, will offer StormPeace, a supplemental hurricane policy from Assured Risk Cover that provides coverage of losses and expenses not covered by trad...
Thu, 26 Apr 2018 04:08:12 +0000
Two construction workers were rescued from the side of a five-story building near Miami when the scaffolding they were standing on malfunctioned. The incident played out on television news shows Tuesday morning as the men conducted repairs and maintena...
Thu, 26 Apr 2018 01:43:14 +0000
Johnson & Johnson persuaded an appeals court to throw out a $151 million award over its Pinnacle artificial hips in a ruling that will affect thousands of lawsuits over the devices. A judge’s error in allowing hip recipients’ lawyers to …
Thu, 26 Apr 2018 01:38:16 +0000
A U.S. appeals court on Wednesday affirmed a ruling that pharmaceutical company Merck & Co. dishonestly obtained patent rights and was not entitled to collect a $200 million infringement verdict it won against rival Gilead Sciences Inc. The U.S. Court …
Thu, 26 Apr 2018 01:00:53 +0000
Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance Ltd. The reinsurance transaction specifically involves some discontinued U.S. specialty casualty exposures and ot...
Thu, 26 Apr 2018 01:00:48 +0000
The Republican tax law’s new deduction for pass-through businesses, intended to help small businesses, was “ill thought through” and will end up benefiting the wealthy, experts told the U.S. Senate Finance Committee on Tuesday at a hearing on the law’s …
Thu, 26 Apr 2018 01:00:05 +0000
Lloyd’s of London has chosen innovation specialist L Marks and The Boston Consulting Group (BCG) to support the set-up and operation of the Lloyd’s Lab, a technology center set to launch in the second half of 2018. The Lloyd’s Lab …
Wed, 25 Apr 2018 16:51:15 +0000
Southwest Airlines runs its planes hard. Planes flying for Dallas-based Southwest make many short hops and more trips per day than other U.S. airliners, which add to wear and tear on airplane parts, including the engines. As the investigation into …
Wed, 25 Apr 2018 16:45:39 +0000
A Washington appeals court has reversed a lower court ruling that held the federal government liable for some of the flooding that followed Hurricane Katrina and other major storms — a ruling that could have resulted in damage payments for …
Wed, 25 Apr 2018 16:40:12 +0000
An attorney in Grand Prairie, Texas, has been sentenced to 120 months in federal prison and ordered to pay $26,572,458.93 in restitution for his role in a workers’ compensation fraud scheme. Federal prosecutors say that from July 2011 to September …
Wed, 25 Apr 2018 16:32:07 +0000
Prospect General Insurance Agency (Prospect General) has expanded Flood Guard, an admitted residential flood insurance product, into Indiana. Flood Guard, written through Palomar Specialty Insurance Company, provides residential flood coverage and is a...
Wed, 25 Apr 2018 16:27:11 +0000
J.M. Wilson has added Shelly Tucker-Lorenz as assistant surety underwriter in its Indiana office and Michelle Smith as assistant transportation underwriter in Kansas City, Missouri. Tucker-Lorenz has 15 years of previous experience working in retail sa...
Wed, 25 Apr 2018 16:20:43 +0000
Prince’s heirs have sued Walgreens and the Illinois hospital that treated the music superstar after he suffered from an opioid overdose, alleging that a doctor and various pharmacists failed to provide Prince with reasonable care, contributing to his d...
Wed, 25 Apr 2018 19:36:53 +0000
RIC Insurance General Agency has named Gary Wells a business development manager. Wells is tasked with expanding the firm’s commercial and personal lines marketing efforts, working primarily with retail insurance agents and brokers in the San Francisco...
Wed, 25 Apr 2018 19:30:03 +0000
California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supports say will protect survivors of last year’s wildfires that struck in the fall. Jones is rallying with state Sena...
Wed, 25 Apr 2018 15:08:56 +0000
By getting hold of a widely used hotel key card, an attacker could create a master key to unlock any room in the building without leaving a trace, Finnish security researchers said in a study published on Wednesday, solving a …
Wed, 25 Apr 2018 14:15:06 +0000
Champion Risk & Insurance Services in San Diego, Calif. has hired Joseph Deutsch. He is tasked with growing the firm’s high net worth personal lines department. Deutsch has been providing high net worth personal lines insurance across Southern Californ...
Wed, 25 Apr 2018 14:13:44 +0000
Despite higher catastrophe losses, Chubb Limited reported a solid first quarter with net income of $1,082 million, about the same as the $1,093 million it achieved for the same quarter last year. Core operating income was $1,097 million, compared with …
Wed, 25 Apr 2018 14:11:31 +0000
The Idaho Supreme Court has ruled that a lower court must once again review a slip-and-fall lawsuit against Walmart. The Idaho Statesman reported Diane Brooks sued the retail giant for negligence in November 2014 after slipping and falling in a …