April 24, 2018

Tue, 24 Apr 2018 17:28:14 +0000
Appalachian Underwriters Inc. has named Eric Dail its Western region vice president. He will now manage the day-to-day operations of the Scottsdale, Ariz. office, including workers’ compensation and commercial garage underwriters, as well as AUI’s mark...
Tue, 24 Apr 2018 16:55:03 +0000
Officials at a small municipal airport in central Arkansas are battling an unlikely foe — coyotes that keep chewing on part of the taxiway. The damage at the North Little Rock Municipal Airport is expected to cost $6,000 to fix. …
Tue, 24 Apr 2018 16:47:00 +0000
The Texas Windstorm Insurance Association will soon begin its annual program designed to move policies out of the residual market for wind and hail along the Texas coast. This will be the third round for the Assumption Reinsurance Depopulation Program …
Tue, 24 Apr 2018 16:46:52 +0000
The Travelers Companies, Inc. has added new digital capabilities to its “MyTravelers for Injured Employees” workers’ compensation claims platform designed to improve the claim experience for injured employees. The company’s web-based and mobile-friendl...
Tue, 24 Apr 2018 16:35:35 +0000
Duke Energy Corp. will pay a $156,000 penalty to for polluting ground and surface waters in North Carolina with potentially toxic coal-ash waste around three power plants, an amount one critic compared to a couple of days salary for the …
Tue, 24 Apr 2018 16:34:16 +0000
The chair of the Tulsa County Democratic Party has entered the race to become Oklahoma’s next insurance commissioner. Kimberly Fobbs currently is the only Democrat who has filed to run for the insurance commissioner’s post, according to the Oklahoma Se...
Tue, 24 Apr 2018 16:30:38 +0000
Macy’s will pay a former long-term employee $75,000 to settle a disability discrimination lawsuit filed in Illinois filed by the U.S. Equal Employment Opportunity Commission (EEOC). According to the federal employment agency, the EEOC’s lawsuit charged...
Tue, 24 Apr 2018 16:28:53 +0000
Federal safety regulators have cited a Bellevue, Ohio-based plastics company for multiple safety violations after an inspection found employees exposed to fall, machine, and electrical hazards. The U.S. Department of Labor’s Occupational Safety and Hea...
Tue, 24 Apr 2018 15:03:44 +0000
California Insurance Commissioner Dave Jones is renewing his call for insurers to offer insurance products for California’s legalized cannabis industry in the wake of recent reports that President Trump has abandoned Attorney General Jeff Sessions’ pol...
Tue, 24 Apr 2018 14:20:21 +0000
The Travelers Companies boosted its net income for the quarter ended March 31, 2018, by 10 percent to $669 million compared to $617 million in the prior year quarter despite unusually high catastrophe losses in March. Catastrophe losses in the …
Tue, 24 Apr 2018 14:09:49 +0000
The San Francisco Bay Area is falling behind on efforts to retrofit buildings that are vulnerable to collapse during a major earthquake, according to a newspaper analysis. The Los Angeles Times reported that there are up to 3,000 brittle concrete …
Tue, 24 Apr 2018 14:01:54 +0000
An Oregon woman paralyzed from the waist down after an intoxicated friend’s vehicle crashed into a house has filed a lawsuit against six businesses that she says served alcohol to the driver before the accident occurred. The Register Guard reports …
Tue, 24 Apr 2018 13:56:34 +0000
Hub International Ltd. has acquired the assets of Spokane, Wash.-based BK-JET Group LLC. Terms of the deal were not disclosed. Joining Hub Northwest are BK-JET’s founding partners Josh Tyndell, Erin Repp, Tom Blue, Keith McNally and Bill Dinneen, along...
Tue, 24 Apr 2018 13:51:29 +0000
JLT Specialty USA has added Bill Creedon and Jeff Burns as partners who will be based in Denver, Colo. The additions support JLT’s partnership with Construction Risk Partners. As part of CRP’s national leadership team, Creedon and Burns will lead …
Tue, 24 Apr 2018 12:52:48 +0000
Fire officials say a blaze that injured two firefighters did more than $1 million in damage to a New Jersey home. The Press of Atlantic City reports that the fire at the three-story Ventnor Heights home was reported shortly after …
Tue, 24 Apr 2018 12:48:11 +0000
Nearly $3 million in additional relief funding is going to communities in five upstate New York counties along Lake Ontario to help them recover from last year’s flooding. Gov. Andrew Cuomo announced Monday that the state had awarded $2.9 million …
Tue, 24 Apr 2018 12:43:37 +0000
Delaware State Police are investigating a carjacking set up by an intentional motor vehicle crash. Authorities say the incident happened Wednesday night on state route 71 in Bear when a woman’s car was rammed from behind by another vehicle. After …
Tue, 24 Apr 2018 12:32:15 +0000
Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty’s stock will fall, sending shares of the bond insurer down as much as 6 percent in after-hours trading. Einhorn, who is known to move …
Tue, 24 Apr 2018 12:25:14 +0000
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have …
Tue, 24 Apr 2018 12:10:34 +0000
The U.S. Supreme Court considered bolstering the president’s power over federal agencies in a clash over the constitutional status of the in-house judges who handle complaints at the Securities and Exchange Commission. The justices Monday heard an appe...
Tue, 24 Apr 2018 04:23:28 +0000
The Alabama Insurance Underwriting Association (AIUA) has partnered with the Insurance Institute for Business & Home Safety (IBHS) to develop a roof aging farm in Foley, Ala. This longer-term research project was designed to help determine how differen...
Tue, 24 Apr 2018 01:50:50 +0000
St. Louis, Missouri-based Midland Commerce Insurance has purchased Dublin Insurance Agency, a family owned and operated company that was founded in 1964 by Tom Mooney and later bought by owner Eileen Markham in 1988. Markham, along with her employees, ...
Tue, 24 Apr 2018 01:00:53 +0000
In this age of social media leaks and foreign election hacking, the ability to transmit sensitive personal information securely across borders is more valuable than ever. Finland and Estonia, two of Europe’s most digitally advanced nations, are about t...
Tue, 24 Apr 2018 01:00:50 +0000
While a small group of insurance companies is taking meaningful steps to acknowledge and respond to the business risks posed by a new operating reality posed by a changing climate, overall the sector’s performance lags behind its peers in several …
Tue, 24 Apr 2018 01:00:41 +0000
While the market for architects and engineers professional liability insurance remains intensely competitive, many insurers providing this coverage are weighing new policy enhancements that offer expanded protection. A new survey by insurance broker Am...
Tue, 24 Apr 2018 01:00:28 +0000
Insurance companies are finally putting a price on the risk of distracted driving, and it’s relatively cheap. Last year, a ticket for using a mobile phone while driving added $226 to the average insurance policy, an increase of 16 percent, …
Tue, 24 Apr 2018 01:00:28 +0000
When Hurricane Irma reached Florida’s Big Pine Key in September, it caused the floor of Terry and Sharon Baron’s cream-colored mobile home to collapse. On Marathon Key, twenty miles north, the winds lifted Diane Gaffield’s mobile home off its concrete …
Tue, 24 Apr 2018 01:00:16 +0000
Alistair Chamberlain has joined HSBC Insurance as global head of Product and Actuarial. Chamberlain will lead the development and management of all products manufactured by HSBC, and oversee partner-sourced insurance products and services for the group...
Tue, 24 Apr 2018 01:00:15 +0000
Can medical marijuana help to fight the opioid epidemic? Many believe that it can. But a new study finds that people who use medical marijuana actually have higher rates of medical and non-medical prescription drug use—including pain relievers. The s...
Tue, 24 Apr 2018 01:00:12 +0000
Most business on the Lloyd’s of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday. The largest commercial insurance market in the world still runs a trading room …