Tue, 15 Jan 2019 23:51:01 +0000
Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government. The House of Commons voted 432- 202 …
Tue, 15 Jan 2019 20:44:55 +0000
CSAA Insurance Group has named Katherine Evans president of regulatory and government affairs. Evans will oversee all areas of CSAA Insurance Group’s government and regulatory practices, and will report to the company’s chief legal officer, Mike Zukerm...
Tue, 15 Jan 2019 17:57:41 +0000
An Alabama-based chiropractor, who was accused in a scheme to conduct fraudulent physical examinations on prospective long-haul truckers and submit false documents to federal transportation regulators, has been sentenced to more than three years in pri...
Tue, 15 Jan 2019 17:43:55 +0000
Utility crews worked late into Sunday to restore power to western North Carolina residents and businesses that lost electricity due to freezing rain and sleet this weekend. Duke Energy and electric cooperatives reported about 63,000 customers still wer...
Tue, 15 Jan 2019 17:38:47 +0000
Greenlight Capital Re Ltd. (Greenlight), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, announced it is again investing in the Chicago-based managing general underwriter (MGU) AccuRisk Solutions LLC (AccuRis...
Tue, 15 Jan 2019 17:23:53 +0000
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a+” of Atain Specialty Insurance Co. and Atain …
Tue, 15 Jan 2019 17:21:17 +0000
While not making any specific recommendations to lawmakers regarding the licensing of building and roofing contractors, the Texas Department of Insurance noted in its 2018 Biennial Report to the Legislature that the department has “heard concerns about...
Tue, 15 Jan 2019 17:17:54 +0000
Lansing, Michigan-based AF Group has promoted five in key leadership positions across the organization. Abel Travis has been promoted to vice president, Underwriting & Product Innovation. Prior to joining AF Group in April 2018, Travis was assistant vi...
Tue, 15 Jan 2019 17:07:18 +0000
Penni Nelson has been named president of the Dallas-Fort Worth chapter of the Risk and Insurance Management Society (RIMS) for 2019, the Surplus Lines Stamping Office of Texas (SLTX) announced. Nelson is a member of the SLTX board of directors. …
Tue, 15 Jan 2019 17:01:11 +0000
The U.S. Geological Survey says an earthquake shook parts of northern Oklahoma early in the morning on Jan. 14. Geologists say the 3.6 magnitude earthquake was recorded at 2:20 a.m. Monday near Waukomis, about 80 miles northwest of Oklahoma City. …
Tue, 15 Jan 2019 16:47:19 +0000
PG&E Corp.’s chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 bil...
Tue, 15 Jan 2019 16:35:26 +0000
Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane Michael. These natural disaster claims will mainly aff...
Tue, 15 Jan 2019 16:04:43 +0000
The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing committees. “The 2019 NAIC committee leadership reflects...
Tue, 15 Jan 2019 16:00:54 +0000
A 5.0 magnitude earthquake that rattled Alaska residents through the Anchorage area and beyond was confirmed as an after aftershock of the magnitude 7.0 Anchorage earthquake that struck on Nov. 30, 2018. There were no immediate reports of damage or …
Tue, 15 Jan 2019 14:53:00 +0000
A fire at a Boston marina likely strengthened by diesel fuel heavily damaged three boats, sinking two of them. Fire department officials say a woman was on one of the boats, but escaped unharmed. There were no reports of injuries. …
Tue, 15 Jan 2019 14:48:51 +0000
Providence, R.I., officials have temporarily shut down a restaurant where a patron opened fire. The city Board of Licenses says they held an emergency meeting Sunday and approved a request from city police to shut down La Sonrisa Cafeteria for …
Tue, 15 Jan 2019 14:46:00 +0000
A Connecticut judge has dismissed lawsuits against Purdue Pharma and two dozen other drug companies brought by 37 cities and towns in the state, which blame them for the opioid crisis and seek to recoup millions of dollars spent on …
Tue, 15 Jan 2019 14:09:20 +0000
Risk Strategies, a privately held national insurance brokerage and risk management firm, has selected Bret Murray to oversee its national higher education practice. Most recently, Murray was director of risk management and insurance at Tufts University...
Tue, 15 Jan 2019 14:03:21 +0000
Nelson Kefauver has joined OneBeacon Insurance Group as president of its Management Liability business unit, reporting to Executive Vice President Paul Brehm. In his new role, Kefauver will lead a specialty underwriting team targeting not‐for‐profi...
Tue, 15 Jan 2019 13:54:43 +0000
A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem. “We don’t see how it could possibly be accretive …
Tue, 15 Jan 2019 10:16:05 +0000
Danske Bank A/S’s money-laundering scandal threatens to undermine its growth engine. The lender’s Nordic banking operation, which encompasses Norway, Sweden and Finland, was the only core unit of five to report higher profit in the third quarter. But n...
Tue, 15 Jan 2019 08:54:49 +0000
An undersea cable and pipe-laying ship, the Vanuatu-flagged MV Star Centurion, capsized in the Indonesian waters of the Singapore Straits after a collision with a tanker on Sunday, with no fatalities, authorities said on Monday [Jan. 14]. The Singapore...
Tue, 15 Jan 2019 08:06:31 +0000
Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years after her last minute pleas for support appeared to fall on deaf ears. The battle now …
Tue, 15 Jan 2019 07:30:10 +0000
Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the cyber insurance …
Tue, 15 Jan 2019 06:40:53 +0000
Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability a...
Tue, 15 Jan 2019 06:00:12 +0000
The federal government has unveiled a long-awaited set of proposals to dramatically expand civilian drone flights while also tightening security, critical steps for an industry seeking to expand into robot aerial deliveries and scores of other commerci...
Tue, 15 Jan 2019 05:36:32 +0000
The mother of one of the five children who died in a fiery wreck while on their way to Walt Disney World has filed a lawsuit. The Palm Beach Post reports that attorney Joseph Fried filed the lawsuit Thursday in …
Tue, 15 Jan 2019 05:19:38 +0000
Miami-Dade has tens of thousands of septic tanks, and a new report reveals most are already malfunctioning – the smelly and unhealthy evidence of which often ends up in people’s yards and homes. It’s a billion-dollar problem that climate change …
Tue, 15 Jan 2019 02:31:17 +0000
Des Moines, Iowa, has spent about $10.5 million to buy 78 homes damaged by June’s flash flooding, and officials hope the move will prevent future flooding issues. Most of the residences are situated along Fourmile Creek in northeast Des Moines, …
Tue, 15 Jan 2019 02:30:30 +0000
Two neighboring counties in southern Wisconsin are taking steps to address last year’s widespread flooding that drenched streets, damaged homes and caused lakes to spill over. Dane County has budgeted more than $18 million this year to go toward flood …