Tue, 22 May 2018 05:58:44 +0000
Des Moines, Iowa, has lost a lawsuit and been ordered to pay nearly $1 million in damages to a construction company it blacklisted. A jury made the award last week to Jenco Construction Inc., which is based in Des Moines. …
Tue, 22 May 2018 05:56:20 +0000
A Kansas woman who was injured when a deputy crashed into her car while rushing to an accident at a motorcycle race course is settling her lawsuit for $40,000. The Wichita Eagle reports that the Sedgwick County commission approved the …
Tue, 22 May 2018 05:00:42 +0000
Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace safety. To date, MEM has awarded a total of 86 …
Tue, 22 May 2018 05:00:37 +0000
Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), whic...
Tue, 22 May 2018 05:00:27 +0000
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Sena...
Tue, 22 May 2018 05:00:05 +0000
Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …
Tue, 22 May 2018 05:00:03 +0000
After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action lawsuits twice during …
Tue, 22 May 2018 04:03:00 +0000
Three additional people have been arrested for their various roles in an arson-for-profit scheme that took place over 7 years in three Florida counties, according to a statement from Chief Financial Officer (CFO) and State Fire Marshal Jimmy Patronis. ...
Mon, 21 May 2018 21:10:56 +0000
Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors...
Mon, 21 May 2018 16:54:37 +0000
XL Catlin has promoted Lindsey Nieves to AVP, underwriting manager in its regional US War, Terrorism & Political Violence insurance team for the South and Central zone, which is headquartered in Atlanta. According to Ben Tucker, head of XL Catlin’s …
Mon, 21 May 2018 14:49:07 +0000
A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. The decision potentially limits the rights of tens of millions of employees. The justices, voting ...
Mon, 21 May 2018 14:38:17 +0000
The family of a mentally ill man who died after Milwaukee, Wis.-area police officers used a stun gun on him has filed a federal civil rights lawsuit against the Village of West Milwaukee. The Milwaukee Journal Sentinel reported the family …
Mon, 21 May 2018 14:35:47 +0000
Louisiana will not be enacting a ban on hand-held cellphone use while driving. A House-backed proposal stalled in the Senate, and the regular session ended Friday without action on the bill, killing it. Rep. Mike Huval, a Breaux Bridge Republican, …
Mon, 21 May 2018 14:33:43 +0000
Officials say a gas leak caused an explosion and brief flash fire at a chemical plant near Houston, Texas, resulting in non-life threatening injuries to nearly two dozen workers. Kuraray America says in a news release that ethylene escaping from …
Mon, 21 May 2018 14:19:04 +0000
Brian Benjamin, a longtime insurance executive with experience in professional liability lines, has joined Zurich North America as head of Management Solutions. Benjamin will be accountable for the performance of the Management Solutions Group (MSG) un...
Mon, 21 May 2018 14:15:51 +0000
The California Senate has approved legislation that seeks to clarify homeowners’ insurance coverage following deadly mudslides near Santa Barbara. Insurance policies generally cover damage caused by fires but not by mudslides. That creates confusion in...
Mon, 21 May 2018 14:08:49 +0000
PG&E Corp. suffered another legal setback with a judge saying he won’t release the company from a key legal claim over the most destructive wildfires in California history. PG&E has been challenging a California law allowing private property owners to …
Mon, 21 May 2018 13:58:06 +0000
The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M. Best special …
Mon, 21 May 2018 13:35:58 +0000
First, a scraping sound. Then, chaos and panic as a bus taking a group of fifth-graders on a field trip collided with a dump truck and toppled over on a busy highway, killing a student and a teacher and injuring …
Mon, 21 May 2018 13:30:29 +0000
CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, is has appointed Delphine Leroy as country manager for France. Reporting to Stuart Middleton, CEO Continental Europe, Leroy will be responsible fo...
Mon, 21 May 2018 13:26:34 +0000
A Los Angeles man who says he suffered permanent hearing damage when he stumbled upon a ceremonial artillery-firing exercise on Boston Common has filed a lawsuit seeking $10 million. The Boston Globe reports that A. Michael Davallou sued the Ancient …
Mon, 21 May 2018 13:22:57 +0000
U.S.-based NSM Insurance Group’s UK subsidiary, Vantage Holdings, has acquired Fresh Insurance Services Group Ltd,. an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines products, motor trade, van and trav...
Mon, 21 May 2018 12:55:17 +0000
Erie Insurance, a homeowners and automobile insurer based in Erie, Penn., has named Matt Palczer as vice president of property and subrogation. Palczer began his career with Erie Insurance in 2002 as a mail clerk in the Murrysville, Penn., branch. …
Mon, 21 May 2018 12:19:08 +0000
The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services Inc. Arca Capital owns approximately 2.4 percent of ...
Mon, 21 May 2018 05:46:25 +0000
Minnesota’s North Risk Partners has merged with Bearence Management Group, another independent insurance brokerage firm with over 80 employees spread across three Midwest locations – Mendota Heights, Minn., Des Moines, Iowa, and Omaha, Neb – and a ...
Mon, 21 May 2018 05:40:52 +0000
Missouri-based Insurance Group of St. Charles County recently purchased Insurance of Ellisville, a family owned and operated company that was founded in 2016 by owner Benjamin Moore. Founded in 1992, Insurance Group of St. Charles County is a full-serv...
Mon, 21 May 2018 05:07:25 +0000
Authorities are investigating whether criminal charges should be filed after an Oklahoma woman was mauled to death by seven small dogs, most of them possibly a dachshund-terrier mix. Carter County Sheriff Chris Bryant says 52-year-old Tracy Garcia was ...
Mon, 21 May 2018 05:02:57 +0000
Chicago-based medical professional liability provider, ISMIE Mutual Insurance Co., named orthopaedic surgeon Paul H. DeHaan, M.D. as chairman. Dr. DeHaan, previously ISMIE vice chairman, has been elected to succeed Dr. Harold L. Jensen as chairman of i...
Mon, 21 May 2018 05:00:55 +0000
Lloyd’s of London remains on schedule to have its post-Brexit outpost ready for business beginning in January 2019, CEO Inga Beale confirmed at a recent meeting of U.S. regulators in Washington, D.C. “We’re just working through the final regulatory asp...
Mon, 21 May 2018 05:00:54 +0000
China’s financial services market should be opened further to foreign competition, but liberalization of cross-border capital flows should be done more cautiously, an adviser to China’s central bank said at a forum on Sunday. Financial opening also sho...