June 18, 2019
Tue, 18 Jun 2019 19:33:44 +0000
The National Weather Service says at least nine tornadoes struck Indiana, damaging a school and other buildings and downing trees. It says three EF2 tornadoes with winds up to 130 mph (210 kph) struck Greene, Monroe and Rush counties during …
Tue, 18 Jun 2019 16:57:16 +0000
The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved for global corporations, includ...
Tue, 18 Jun 2019 16:43:26 +0000
The Federal Emergency Management Agency says four more counties in Arkansas have been approved for disaster assistance as a result of damage from storms and flooding that began May 21. Heavy rains produced record flooding in the state, especially along …
Tue, 18 Jun 2019 16:41:03 +0000
Like farmers throughout the Midwest, this spring’s torrential rains turned Andrew Dunham’s land into sticky muck that set him back nearly a month in planting his crops. Unlike other farmers, though, Dunham won’t get a piece of a $16 billion …
Tue, 18 Jun 2019 15:28:41 +0000
The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry report. Direct premiums written for both standalone and packaged cyber policies grew about 10 percent in 2018 from $1.8 b...
Tue, 18 Jun 2019 15:08:56 +0000
A $10 million legal claim was filed against the city of Phoenix that says police officers committed civil rights violations by pointing guns and profanely yelling commands at the father and pregnant mother of two young daughters because one of …
Tue, 18 Jun 2019 15:06:38 +0000
Hub International Ltd. has acquired Foster & Parker Insurance Agency Inc. Terms of the deal were not disclosed. Steve Barsotti, president of Foster & Parker Insurance, and the staff will join Hub California. Foster & Parker Insurance is an independent …
Tue, 18 Jun 2019 14:58:58 +0000
Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States’ most progressive cl...
Tue, 18 Jun 2019 14:49:50 +0000
Cal/OSHA has cited an Anaheim, Calif. solar panel installation company $193,905 for multiple serious workplace safety hazards including one willful serious accident-related violation, following an investigation of a worker who was seriously injured aft...
Tue, 18 Jun 2019 13:31:48 +0000
Professional Insurance Agents of New Jersey (PIANJ) has elected Bruce Blum of Somerset, N.J., president at the association’s annual business meeting at Harrah’s in Atlantic City. Blum is owner of Blum & Walsh Group Inc., a division of T.E. Freuler …
Tue, 18 Jun 2019 13:28:30 +0000
New York Senator Chuck Schumer plans to call on the Army Corps of Engineers to provide funding for repairs to flood-ravaged infrastructure at Little Sodus Bay Harbor on Lake Ontario. A pier and a barrier bar began to collapse in …
Tue, 18 Jun 2019 13:19:48 +0000
U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co. Ltd. from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc. pay $1 billion to license the rights to pa...
Tue, 18 Jun 2019 13:19:22 +0000
Transit officials say the operator of a Red Line train that derailed in Boston this week was not at fault in the mishap. An MBTA spokesman tells The Boston Globe that the investigation into last Tuesday’s derailment, the second within …
Tue, 18 Jun 2019 13:10:00 +0000
W.R. Berkley Corp. announced the appointment of Daniel R. Spragg as president of its specialty unit, Berkley Select. Spragg has 30 years of experience in the specialty insurance and insurance consulting industries. He most recently served as founding p...
Tue, 18 Jun 2019 12:13:50 +0000
MS Amlin, the London-based re/insurer, announced the appointment of Mary Vogiatzidou to the role of senior marine underwriter. Vogiatzidou will be based in MS Amlin’s Dubai office and will be responsible for the continued development and growth of the ...
Tue, 18 Jun 2019 09:52:12 +0000
Fixico, the Amsterdam-based digital platform for car damage repair, has raised €7 million ($7.9 million) to grow its international footprint and fleet and insurance partnerships. The technology company offers a digital platform that seamlessly handle...
Tue, 18 Jun 2019 08:04:27 +0000
Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuri...
Tue, 18 Jun 2019 07:51:16 +0000
Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to …
Tue, 18 Jun 2019 07:30:46 +0000
Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that could mark a return to big-ticket deals for the Chinese conglomerate backed by billionaire Guo Guangchang. Fosun has ...
Tue, 18 Jun 2019 06:45:58 +0000
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were not disclosed. Established in 201...
Tue, 18 Jun 2019 05:16:22 +0000
Heading off the prospect of everyone in Texas being able to call themselves plumbers, Gov. Greg Abbott extended the Texas State Board of Plumbing Examiners and its licensing law until 2021 via an executive order. The Texas State Board of …
Tue, 18 Jun 2019 05:04:58 +0000
Chicago Mayor Lori E. Lightfoot said the city will partner with Gallagher Bassett, an international public sector claims administrator, as well as Gallagher Global Brokerage Risk Program Administrators, to overhaul and professionalize Chicago’s workers...
Tue, 18 Jun 2019 05:02:08 +0000
High Street Insurance Partners (High Street), a Michigan-based provider of commercial insurance, personal lines and employee benefits services, has appointed Dave Tuitas as senior partner and chief financial officer. Tuit joins a management team led by...
Tue, 18 Jun 2019 05:00:58 +0000
While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s really scary to underwrite something when you just don’...
Tue, 18 Jun 2019 05:00:49 +0000
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving in...
Tue, 18 Jun 2019 05:00:20 +0000
The U.S. Supreme Court ordered reconsideration of a $135,000 award against an Oregon bakery that refused to make a cake for a same-sex wedding in a case that revived a fractious debate over religious rights and equal treatment. After more …
Tue, 18 Jun 2019 05:00:10 +0000
A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, the Texas financier serving a 110-year prison term for running a large Ponzi …
Tue, 18 Jun 2019 04:42:56 +0000
Former Tennessee Insurance Commissioner Julie Mix McPeak, who stepped down as the head of the Tennessee Department of Commerce and Insurance Commissioner last month, will join the global law firm Greenberg Traurig, P.A., in the firm’s Insurance Regulat...
Tue, 18 Jun 2019 04:15:18 +0000
Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a distribution platform for financial institutions, whi...
Tue, 18 Jun 2019 04:00:37 +0000
The countdown is on for Florida assignment of benefits (AOB) reform that will take effect July 1, and the insurance industry is getting ready to respond to new requirements as a result of the law as well as evaluating how …