December 11, 2018
Tue, 11 Dec 2018 17:52:34 +0000
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has expanded its cyber insurance capabilities with the introduction of a dedicated U.S. team focused on cyber offerings, an enhanc...
Tue, 11 Dec 2018 17:42:36 +0000
An Arkansas panel has given initial approval to allowing restricted use of an herbicide that was banned following complaints that it drifted onto crops and caused damage. The Arkansas Plant Board last week approved new restrictions for the use of …
Tue, 11 Dec 2018 17:42:10 +0000
Residents walked instead of driving cars and children enjoyed another day of building snowmen with school canceled Monday after a wintry storm dropped snow, sleet or freezing rain across five southern states. Accidents on snow-covered interstates cause...
Tue, 11 Dec 2018 17:35:16 +0000
A federal judge has sentenced the owner of a now-defunct southwest Ohio payroll services company to six months in federal prison and a $10,000 fine after being found guilty of workers’ compensation insurance fraud. John R. Cacaro, 59, owner of …
Tue, 11 Dec 2018 17:25:35 +0000
The employees and agent/broker clients of Farmington Hills, Michigan-based H.W. Kaufman Group may be pleased but not surprised to learn that the specialty insurance organization has been recognized as one of the best in the world for professional educa...
Tue, 11 Dec 2018 17:23:36 +0000
Amarillo, Texas-based Producers Ag Insurance Group Inc. (ProAg), a member of the Tokio Marine HCC group of companies, has hired Scott Schaefers as senior vice president of Marketing and Innovation, Becky Piechowski as senior vice president of Operation...
Tue, 11 Dec 2018 17:22:18 +0000
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired RiskPro Global Partners, a full-service property/casualty and employee benefits firm headquartered in Dallas, Texas. Terms of the deal were not discl...
Tue, 11 Dec 2018 17:19:17 +0000
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Otis-Magie Insurance Agency Inc., a privately owned independent agency headquartered in Duluth, Minnesota. Terms of the transaction were not disclosed. With o...
Tue, 11 Dec 2018 16:50:58 +0000
The Insurance Fraud Hall of Shame has inducted nine new members. The Coalition Against Insurance Fraud, a group of insurance, consumers and government organizations, reported the following inductees: Burning desire. Two firefighters died when a brick w...
Tue, 11 Dec 2018 16:19:05 +0000
A senior U.S. intelligence official warned on Tuesday that Chinese cyber activity in the United States had risen in recent months, and the targeting of critical infrastructure in such operations suggested an attempt to lay the groundwork for future dis...
Tue, 11 Dec 2018 15:58:06 +0000
They have become known as the Angels of Paradise. But there is nothing ethereal about them. They are online sleuths who know how to find people, and they have been putting their skills to use in the aftermath of California’s …
Tue, 11 Dec 2018 15:52:57 +0000
Today’s insurance labor market is colored by the rapid graying of the workforce. The industry’s growing retirement rate and burgeoning skills and knowledge gap are creating a candidate-driven market. As many positions held by long-tenured professionals...
Tue, 11 Dec 2018 15:47:42 +0000
A measure that would have given condominium owners two extra years to comply with a Honolulu fire safety law has been deemed lost. The Honolulu City Council failed this week to acquire enough votes to override Mayor Kirk Caldwell’s veto …
Tue, 11 Dec 2018 15:43:48 +0000
Attorneys for a wrong-way driver say an Arizona Department of Public Safety sergeant is responsible for a crash that injured the driver and the sergeant. Patricia Carvalho is facing charges of attempted homicide, aggravated DUI and endangerment. The Lo...
Tue, 11 Dec 2018 15:41:45 +0000
With Alaska’s history of earthquakes, you might assume most homeowners have earthquake insurance. That’s not the case, the Anchorage Daily News reported. Only about 15 percent of Alaska homeowners buy earthquake insurance, according to an estimate prov...
Tue, 11 Dec 2018 15:19:40 +0000
Willis Towers Watson has appointed Tom Rowley as senior vice president, North American Property, and named Matt Harvey as senior vice president, International Property. Both will sit within the Property & Casualty Centre of Excellence (CoE), which is r...
Tue, 11 Dec 2018 15:01:47 +0000
SterlingRisk Insurance, a Woodbury, N.Y.-based, independently owned insurance brokerage, has hired Geraldine DelPrete as director of programs and senior vice president. DelPrete brings more than 25 years of experience to SterlingRisk, having held senio...
Tue, 11 Dec 2018 14:57:11 +0000
RT Specialty has named Daniel Wilhelm as an account manager within its National Environmental and Construction Professional Liability Practice. In this role, he is responsible for supporting new business and marketing efforts as well as coordinating th...
Tue, 11 Dec 2018 14:51:38 +0000
Federal officials will review an accident in which an automated machine punctured a can of bear repellent at an Amazon warehouse in New Jersey, releasing fumes that sickened workers and sent two dozen to hospitals. The Occupational Safety and Health …
Tue, 11 Dec 2018 14:03:58 +0000
Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House …
Tue, 11 Dec 2018 13:11:28 +0000
Bureaucratic wrangling and funding problems have hampered the search for the cockpit voice recorder of a crashed Lion Air jet, prompting investigators to turn to the airline to foot the bill in a rare test of global norms on the …
Tue, 11 Dec 2018 13:10:58 +0000
An Olympus Corp. subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed to file reports with U.S. regulators regarding infections connected to its duodenoscopes while continuing to sell the medical devices u...
Tue, 11 Dec 2018 13:05:32 +0000
Wells Fargo & Co. must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. In February, the Fed …
Tue, 11 Dec 2018 12:50:41 +0000
The Italian oil-services company Saipem SpA is still assessing the scope and impact of a cyber attack that targeted its servers in the Middle East, according to the head of digital and innovation. “We’re keeping the servers down to understand …
Tue, 11 Dec 2018 10:40:04 +0000
Willis Towers Watson announced the launch of the latest version of its Radar pricing software. With the speed of change and disruption across markets and products accelerating, Radar 4.2 provides insurers with “a future-proofed solution designed to ach...
Tue, 11 Dec 2018 10:05:13 +0000
FirstRand Ltd. is emulating Amazon.com Inc. with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources. Africa’s biggest lender by market val...
Tue, 11 Dec 2018 05:41:14 +0000
Road America Motor Club, a wholly owned subsidiary of international insurer MAPFRE, has added Frank Campolo to the company as vice president of Sales in its Miami headquarters. Campolo will develop and lead Road America’s sales strategy, focusing on re...
Tue, 11 Dec 2018 05:36:46 +0000
A man permanently injured at an Alabama manufacturing plant in 2015 has been awarded $774,000. Al.com reported Dec. 5 that a jury has decided Italian company Tenax SPA should pay punitive and compensatory damages to Tenax factory worker John Dees. …
Tue, 11 Dec 2018 05:04:38 +0000
A South Florida trucking company owner was arrested last month after allegedly selling fraudulent insurance coverage with certificates of insurance totaling nearly $60,000 to local commercial truckers, according to a statement from Florida Chief Financ...
Mon, 10 Dec 2018 20:10:48 +0000
Theresa May is playing for time. Faced with a humiliating defeat on her Brexit deal, the embattled U.K. prime minister announced to the House of Commons she would defer a vote and return to Brussels to seek “assurances” from European …