February 20, 2018

Wed, 21 Feb 2018 00:05:16 +0000
The U.S. Supreme Court on Tuesday declined to hear Mercury Insurance Co.’s appeal to overturn a February 2017 California Court of Appeal ruling that held Insurance Commissioner Dave Jones’ 2013 order requiring the insurer to reduce its homeowner insura...
Tue, 20 Feb 2018 23:49:04 +0000
San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Drew Johnston vice president of aviation. Johnston will develop the strategy and steer the growth of the newly formed aviation practice, which will focus on insurance and risk management solut...
Tue, 20 Feb 2018 20:27:45 +0000
MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has agreed …
Tue, 20 Feb 2018 18:44:11 +0000
Leavitt Group of Boise, Idaho is has named Rosie Esper as a personal insurance agent. Esper focuses on home and auto insurance for families and individuals. Esper has been in the insurance industry since 2012 and has 12 years of …
Tue, 20 Feb 2018 17:41:42 +0000
Minot residents whose homes were damaged by the 2011 Souris River flooding or are being bought out for flood protection might be eligible to up to $60,000 for help purchasing another home. The flood damaged or destroyed more than 4,000 …
Tue, 20 Feb 2018 17:37:46 +0000
Five former administrators at a northeastern Ohio school district where three high school students were fatally shot and a fourth permanently disabled are not liable for the shootings six years ago, a judge presiding over a lawsuit filed on behalf …
Tue, 20 Feb 2018 17:33:50 +0000
A 13-year-old oil leak in the Gulf of Mexico remains a “long-term problem” without a clear solution for eliminating chronic slicks that often stretch for miles off Louisiana’s coast, a government lawyer recently told a federal judge. Up to 16 …
Tue, 20 Feb 2018 17:18:20 +0000
A Kansas House committee has rejected a bill that was designed to prevent earthquakes that experts say are caused by oil and gas production wastewater disposal methods. The Sierra Club and several Kansas residents who say their homes were damaged …
Tue, 20 Feb 2018 17:16:11 +0000
Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Bermuda-based Hamilton Insurance Group, announced the details of a reorganization of its underwriting team. Pending approval from Lloyd’s, the following pro...
Tue, 20 Feb 2018 17:16:04 +0000
Austin-based workers’ comp insurer, Texas Mutual Insurance Co., has added Benjamin A. Siddons as vice president of business development. Siddons joins Texas Mutual with more than 15 years of experience in the insurance industry, with seven of those in ...
Tue, 20 Feb 2018 17:12:12 +0000
An Arkansas judge has dismissed a Monsanto Co. lawsuit aiming to stop Arkansas from blocking the use of a controversial farm chemical the company makes, dealing a blow to its attempts to increase sales of genetically engineered seeds. Monsanto, which …
Tue, 20 Feb 2018 16:11:21 +0000
Authorities say four construction workers were hurt, three critically, after plunging 30 feet down an elevator shaft at an unfinished Los Angeles building. The Fire Department says the men were working on a five-story building in North Hollywood when t...
Tue, 20 Feb 2018 16:09:09 +0000
Washington state wheat farmers are protesting cuts to their safety net programs in a budget proposal released by President Donald Trump this week. The Spokesman-Review review reports growers are concerned about Trump’s proposal to reduce federal spendi...
Tue, 20 Feb 2018 16:06:24 +0000
A former Colorado police officer has been sentenced to 45 days in jail and five years of probation for felony insurance fraud. The Post Independent reported that ex-Silt police Col. Michael Taylor was also ordered to pay more than $70,000 …
Tue, 20 Feb 2018 16:02:52 +0000
Lawmakers in the Wyoming House have voted down a bill that would have meant prison time for drivers who cause a deadly wreck while texting on their phones. Texting while driving in Wyoming currently is a misdemeanor punishable by a …
Tue, 20 Feb 2018 15:18:21 +0000
The Lloyd’s Market Association (LMA) has launched the Claims Development Pathway, an interactive training and development tool that will provide support to claims professionals in the Lloyd’s market, at every stage of their careers. Modernizing claims ...
Tue, 20 Feb 2018 14:34:05 +0000
Prosecutors say a New Jersey diner owner hired his friend to burn it down last month so he could collect on an insurance claim. Thomas Giannisis, a 51-year-old Bellmawr resident who owned the Country Town Diner in Berlin, and 56-year-old …
Tue, 20 Feb 2018 14:29:14 +0000
The Iroquois Group, an Allegany, N.Y.-based service provider for independent property and casualty insurance agencies, has promoted Kevin McKay to regional vice president of its Northeast region. McKay is a Londonderry, N.H.-based, 30-year industry vet...
Tue, 20 Feb 2018 14:22:56 +0000
Fifty-eight percent of insurance companies plan to increase staff during the next 12 months in part due to expected increase in business and new markets, according to the Semi-Annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and …
Tue, 20 Feb 2018 13:55:30 +0000
Brown & Brown of New York Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Purchase, N.Y.-based yourPFO Consulting LLC (yourPFO). yourPFO represents many large company clients in the design and implementation of …
Tue, 20 Feb 2018 13:23:36 +0000
Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday. The estimate comes in a Council of Economic Advisers report on the impact of cyber attacks on U.S. government and …
Tue, 20 Feb 2018 10:17:59 +0000
AXIS Capital Holdings’ money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its performance. “The revised outlooks are based on unfavorab...
Tue, 20 Feb 2018 09:17:22 +0000
The road to profits is paved with good data. Every hour, a modern car processes about 25 gigabytes of information — the equivalent of about seven full-length high-definition movies — on everything from engine temperature and tire pressure to what’s …
Tue, 20 Feb 2018 08:52:51 +0000
India’s City Union Bank said on Sunday that “cyber criminals” had hacked its systems and transferred nearly $2 million through three unauthorized remittances to lenders overseas via the SWIFT financial platform. The comments come after the small privat...
Tue, 20 Feb 2018 06:01:57 +0000
Flood warnings continue along the Ohio River in West Virginia following recent heavy rains. The National Weather Service says the Ohio River was nearly seven feet above flood stage Sunday at Point Pleasant. It was expected to fall below flood …
Tue, 20 Feb 2018 06:00:59 +0000
The third annual Insurance Careers Month kicked off with the annual Insurance Careers Movement (ICM) Town Hall on Feb. 1 in Chicago. Co-hosted by A.M. Best and ICM, the virtual event assembled executives from companies around the world. Since 2016, …
Tue, 20 Feb 2018 06:00:12 +0000
General Electric Co. was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of dollars. The complai...
Tue, 20 Feb 2018 06:00:06 +0000
Google’s firing of an engineer over his controversial memo criticizing its diversity policies and “politically correct monoculture” didn’t violate U.S. labor law, a federal agency lawyer concluded. Statements in James Damore’s 3,000-word memo “regardin...
Tue, 20 Feb 2018 05:57:54 +0000
A Florida woman called police because she thought she heard a prowler. She actually was hearing the first of several sinkholes that have opened up in a Florida retirement community, displacing seven people. The Villages resident Doris Morrill says she …
Tue, 20 Feb 2018 05:52:35 +0000
NAS Insurance Services has released a new miscellaneous E&O architects and engineers (A&E) insurance product that includes coverage for technology services and cyber liability coverage. NAS’ Architects and Engineers insurance provides three insurance p...