Wed, 17 Jan 2018 12:53:53 +0000
Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a published by Allianz Global Corporate & Specialty (AGCS). Allianz revealed that business interruption – including supply cha...
Wed, 17 Jan 2018 11:57:52 +0000
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired FIRM Inc., an insurance agency located in Mahwah, N.J. Terms of the transaction were not disclosed. FIRM Inc. provides clients wi...
Wed, 17 Jan 2018 11:23:47 +0000
An unlicensed home improvement contractor whose false promises left an elderly Massachusetts woman’s home in ruins and others temporarily homeless is heading to prison. The Salem News reports that 49-year-old Jaime Ford was sentenced to two years in pr...
Wed, 17 Jan 2018 11:17:08 +0000
Starkweather & Shepley Insurance Brokerage Inc. hired Russell Corner II as a construction and surety specialist. Corner’s key responsibilities in this role include managing relationships with current and prospective clients, as well as bringing in new ...
Wed, 17 Jan 2018 10:35:04 +0000
Last week, the U.K. government asked German business leaders for help in securing a good deal with the European Union on financial services. The request deserves to be taken seriously. Europe’s businesses have much to gain from keeping London as …
Wed, 17 Jan 2018 10:09:28 +0000
An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said late on Tuesday, as maritime police scour for damage and prepare …
Wed, 17 Jan 2018 09:25:33 +0000
British travel company Thomas Cook has partnered with fintech firm Revolut to launch a “pay-per-day” travel insurance service which automatically provides users with medical cover by tracking their location through their mobile phones. Revolut, the dig...
Wed, 17 Jan 2018 08:30:25 +0000
The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is getting bigger. The protection gap is the difference between insured losses and economic losses, or uninsured losses. The protection gap …
Wed, 17 Jan 2018 07:04:53 +0000
Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a combination of cyber cover, regulatory b...
Wed, 17 Jan 2018 06:54:35 +0000
A casino company said Monday it never had a problem with the shuttle boat that burst into flames off Florida’s Gulf Coast, leading to the death of a female passenger. Tropical Breeze Casino spokeswoman Beth Fifer said the company does …
Wed, 17 Jan 2018 06:35:57 +0000
Supporters of legalizing medical marijuana in Kentucky touted its potential as a viable alternative to ease the state’s addiction woes from opioid painkillers. Secretary of State Alison Lundergan Grimes joined other advocates at a state Capitol event l...
Wed, 17 Jan 2018 06:20:00 +0000
The 2018 Florida Legislative Session is underway, and lawmakers have wasted no time taking up legislation to address the assignment of benefits crisis plaguing the state. While they debate which reform option to back, stakeholders say the Florida Legis...
Wed, 17 Jan 2018 06:00:33 +0000
The number of Americans without healthcare insurance rose by 3.2 million people between 2016 and 2017, or 1.3 percentage points to 12.2 percent, according to a Gallup poll released on Tuesday, the biggest jump in the uninsured rate in nearly …
Wed, 17 Jan 2018 06:00:26 +0000
Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements. The U.S. House of Representatives in ...
Wed, 17 Jan 2018 06:00:00 +0000
The U.S. Supreme Court last Friday agreed to review a bid by Schlumberger NV, the world’s largest oilfield services provider, to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas. The case invol...
Tue, 16 Jan 2018 22:47:49 +0000
San Diego, Calif.-based Cavignac & Associates has hired Brittany Aceves to serve as an account manager within the firm’s surety department. Aceves serves as the main point of contact for the agency’s surety department clients, managing and maintaining ...
Tue, 16 Jan 2018 19:50:45 +0000
MJ Insurance has added Justin Rarick as a risk management consultant in its Phoenix, Ariz. office. Rarick is responsible for driving sales and service to new and existing clients. Rarick previously was a commercial claims specialist at Nationwide Insur...
Tue, 16 Jan 2018 19:46:39 +0000
California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills and two additional legislative proposals proponents say will strengthen consumer protections for those making insurance...
Tue, 16 Jan 2018 17:58:25 +0000
Energy, Industrial & Utility Risk Solutions (EIURS), a division of DUAL Commercial, has expanded its Energy Division with the addition of a new marine energy unit. The new unit will be headed by Michael Jacobs. The Marine Energy unit will …
Tue, 16 Jan 2018 17:46:17 +0000
The Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC) is accepting comments through Feb. 20 on a compounded drug rule that was first proposed in June 2017. On June 16, 2017, DWC announced an informal draft rule to …
Tue, 16 Jan 2018 17:34:23 +0000
James A. Jones saw enough cars stranded along the icy highway to know it was time to pull over as a winter storm blasted parts of Tennessee and Kentucky with sleet, freezing rain and snow Friday. Jones counted 25 cars …
Tue, 16 Jan 2018 17:24:24 +0000
The former executive director of the State Police Commission is suing, claiming she was retaliated against for challenging Louisiana State Police brass and calling attention to a string of illegal campaign contributions made by commission members. Cath...
Tue, 16 Jan 2018 17:11:12 +0000
The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January, Rockingham Casualty and Edmond,...
Tue, 16 Jan 2018 16:56:54 +0000
Authorities say the corporate owner of a former Wisconsin factory accused of ordering workers to remove insulation that contained asbestos has paid the maximum fine under terms of a plea agreement. The incident happened six years ago at Grede foundry …
Tue, 16 Jan 2018 16:56:20 +0000
Federal investigators believe a broken wheel caused a May 2015 oil train derailment that prompted the evacuation of Heimdal, North Dakota. The National Transportation Safety Board says investigators found a mark on the track indicating a broken wheel t...
Tue, 16 Jan 2018 16:55:25 +0000
A federal mandate requiring many motor carriers to install electronic logging devices could cost be costly to North Dakota’s cattle industry. Warren Zenker, who runs a cattle feeding operation near Elgin, told the Bismarck Tribune that electronic loggi...
Tue, 16 Jan 2018 16:02:06 +0000
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018. Vissing succeeds Martin Henson who retires after nearly 20 y...
Tue, 16 Jan 2018 15:54:38 +0000
The former owner of Pacific Hospital in Long Beach was sentenced to federal prison on Friday for running a $600 million workers compensation fraud scheme. Michael Drobot, 73, was sentenced Friday to 63 months in prison and fined $500,000. Earlier …
Tue, 16 Jan 2018 15:49:38 +0000
The second recent blunder in Hawaii’s planning for a possible North Korean nuclear attack left islanders shaken after an emergency alert warning of an imminent strike sounded on hundreds of thousands of cellphones. For nearly 40 minutes people waited. ...
Tue, 16 Jan 2018 15:47:17 +0000
Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To drive this, Deutsche Bank said it will integrate Fri...