June 26, 2017
Mon, 26 Jun 2017 16:54:34 +0000
  Floodwaters from Tropical Storm Cindy covered timberland and fields across the rural Deep South on Saturday, but the sun peeked out enough to offer hope that the worst was over. Swollen by heavy rains and flowing quickly, the Chickasawhay …
Mon, 26 Jun 2017 16:29:44 +0000
The Texas Supreme Court has refused to block a sex and race discrimination lawsuit filed against the University of Texas by former women’s track coach Bev Kearney, who was forced out after the school learned of a romantic relationship with …
Mon, 26 Jun 2017 16:26:59 +0000
Tulsa County has agreed to pay nearly $138,000 to a former sheriff’s deputy to settle a wrongful termination lawsuit that claimed he and others were ousted in fallout from the fatal shooting of an unarmed black man in 2015. County …
Mon, 26 Jun 2017 16:25:49 +0000
Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations and reduce costs amid continued pricing pressure on its members. Lloyd’s plans to introduce a …
Mon, 26 Jun 2017 16:22:49 +0000
A federal judge in St. Louis on June 20 approved a $1.5 million settlement in a wrongful death lawsuit filed by Michael Brown Sr. and Lezley McSpadden. Their 18-year-old son was unarmed on Aug. 9, 2014, when he was fatally …
Mon, 26 Jun 2017 16:15:09 +0000
A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The June 23 verdict by a federal …
Mon, 26 Jun 2017 16:10:25 +0000
AF Group, headquartered in Lansing, Mich., has appointed Eric Halter as director of AF Specialty, a new brand focused on providing fronting capacity to insurance carriers, managing general agents, reinsurance intermediaries and captive managers. Halter...
Mon, 26 Jun 2017 16:07:55 +0000
Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive Inga Beale said. The Lloyd’s of …
Mon, 26 Jun 2017 16:03:24 +0000
A report released in May by the Texas Department of Insurance – Division of Workers’ Compensation shows that while the number of compounded drug prescriptions in the workers’ comp system grew between 2010 and 2014, there was a steady decrease …
Mon, 26 Jun 2017 15:12:51 +0000
Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential annual hail activity, the …
Mon, 26 Jun 2017 15:09:27 +0000
Ryan Specialty Group (RSG) announced that Dawn D’Onofrio has been promoted to chief executive officer and president of WKFC Underwriting Managers and CorRisk Solutions. D’Onofrio previously served as chief underwriting officer for both RSG subsidiaries...
Mon, 26 Jun 2017 14:55:37 +0000
A 27-year-old Utah college student with HIV has reached a settlement with a tattoo parlor that denied him service based on his medical condition. The Salt Lake Tribune reported that denying the student service was a violation of the Americans …
Mon, 26 Jun 2017 14:52:06 +0000
Utah officials have reached a $300,000 settlement with a man accused of starting a 2012 fire that led to the evacuation than 1,000 northwestern Utah homes. The Daily Herald reported the Utah County Commission approved the settlement with Kenneth Nielsen …
Mon, 26 Jun 2017 14:39:03 +0000
California Association of Health Underwriters President Rick Coburn applauded actions taken by Assembly Speaker Anthony Rendon, D-Lakewood, to sideline a bill that would create a single payer healthcare system in the state until next year. The Speaker ...
Mon, 26 Jun 2017 14:34:23 +0000
Insurer Hartford Financial Services Group Inc. said on Monday it would transfer $1.6 billion, or 29 percent, of its pension liabilities to Prudential Financial Inc. Hartford is the latest U.S. firm to transfer its pension obligations as rising interest...
Mon, 26 Jun 2017 14:28:28 +0000
The U.S. Supreme Court agreed on Monday to take up a case that promises broad implications for when corporate insiders who blow the whistle on alleged misconduct can be shielded from retaliation by their employers. The justices will hear Digital …
Mon, 26 Jun 2017 13:41:08 +0000
A former payroll manager at a Connecticut software company has been sentenced to two years in federal prison after she acknowledged stealing $1.7 million from her job. The U.S. attorney’s office says 46-year-old Penny Roy, of Wethersfield, Conn., was s...
Mon, 26 Jun 2017 13:14:36 +0000
A Massachusetts jury has recently awarded $750,000 to a man who suffered severe leg injuries while working for a landscaping business that did not carry workers’ compensation insurance. A lawyer for 52-year-old Jose Hernandez tells The Berkshire EagleÂ...
Mon, 26 Jun 2017 13:12:56 +0000
As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one insurer isn’t waiting to wade deeper into the private flood insurance business. Florida-based HCI Group is looking to ...
Mon, 26 Jun 2017 12:58:32 +0000
Authorities say a 22-year-old New York woman and three other people have been charged in the killing of the woman’s mother for insurance money. The Wayne County Sheriff’s Office says the suspects include 52-year-old Julie Martin’s daughter, from Sodus,...
Mon, 26 Jun 2017 12:54:58 +0000
A Middlesex County, N.J., man has been charged with insurance fraud and theft by deception for allegedly impersonating his deceased mother to obtain cheaper renters insurance under her senior-discounted policy and for falsifying claims for jewelry and ...
Mon, 26 Jun 2017 12:06:46 +0000
Spencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run Ericson Insurance Advisors, an 80-year old agency serving t...
Mon, 26 Jun 2017 11:21:29 +0000
Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian Yango Group has been called off by both sides after it failed to secure regulatory approval. It did not give …
Mon, 26 Jun 2017 10:46:57 +0000
A deadly fire that killed at least 79 people in a London tower block started in a Whirlpool Corp. fridge and spread at “unexpected speed” through the building’s exterior cladding, police said, indicating they’ll pursue charges if criminal offenses are …
Mon, 26 Jun 2017 10:21:51 +0000
Everest Re Group, Ltd. announced that Matthew Kelly has joined the group as vice president and head of the Reinsurance Division’s International Casualty Facultative unit and is based in Everest Re’s Miami Office. He will be responsible for worldwide ca...
Mon, 26 Jun 2017 10:08:46 +0000
German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) to U.S. private equity firm Apollo for 300 million euros ($336 million). Apollo, which is consolidating the northern German banking m...
Mon, 26 Jun 2017 05:00:53 +0000
General Motors Co. has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state...
Mon, 26 Jun 2017 05:00:52 +0000
Automakers are using tiny cameras, sensors to track drooping heads, steering wheel monitors and audible alerts to ensure drivers pay attention when using advanced driver assistance systems, like Tesla’s Autopilot, that allow drivers to take their hands...
Mon, 26 Jun 2017 05:00:46 +0000
Denver-based National Partners, a new premium finance company, said that it will open for business and begin processing loans on July 2. Since its formation in July 2016, NP has been building out its software system and securing the state …
Mon, 26 Jun 2017 05:00:05 +0000
Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people’s personal information for $115 million, which lawyers said would be the largest settlement ever for...