June 24, 2019

Mon, 24 Jun 2019 13:45:27 +0000
The 2018-2019 legislative sessions of Delaware, New Jersey, New York and Pennsylvania have all but ended without the passage of adult use cannabis legislation. This was especially surprising in New York and New Jersey, where adult use legislation repor...
Mon, 24 Jun 2019 13:34:30 +0000
Officials say a very small fire continues to burn at a Philadelphia refinery following explosions and a pre-dawn blaze that shook homes and caused some minor injuries. Philadelphia Energy Solutions said Saturday that workers are trying to isolate the r...
Mon, 24 Jun 2019 13:26:49 +0000
Virginia officials say a party bus was operating without proper permits when a woman fell out of it last year and died. The Virginian-Pilot reports that the Virginia Department of Motor Vehicles says the bus that Kisha Marrow-Lott fell out …
Mon, 24 Jun 2019 13:22:56 +0000
A lawsuit over whether insurance companies must cover a Vermont man’s claim for his boat he says sank with his mother on board is heading to trial this summer. The Providence Journal reports that a judge on Wednesday set Aug. …
Mon, 24 Jun 2019 13:21:31 +0000
Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Jens Voges as senior underwriter and product leader Marine & Energy within its London Market Risks (LMR) team. The new role was created to support Liberty Mutual Re’s (LM …
Mon, 24 Jun 2019 12:35:58 +0000
Every year there are more than two million workplace injuries in the United States. Behind each of those claims is a firefighter, a construction worker, or a mechanic. They’re our moms, dads, sisters, brothers, and neighbors. One of them is …
Mon, 24 Jun 2019 12:35:42 +0000
Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums for marine insurance, which until 2018 had fallen …
Mon, 24 Jun 2019 12:11:02 +0000
Iran has increased its offensive cyber attacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cyber-security firms say. In recent weeks, hackers believed to be working for the Iranian government ...
Mon, 24 Jun 2019 11:44:42 +0000
Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent. “It’s out of the question” that the social-media giant’s digit...
Mon, 24 Jun 2019 10:53:51 +0000
Call it the class ceiling. Women suing major technology companies for gender discrimination would have much stronger leverage against their employers if they could press their claims on behalf of a large group of female colleagues. But last year, the …
Mon, 24 Jun 2019 10:21:25 +0000
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd. announced the expansion of AXIS Re Strategic Partners with the hiring of Robert Hands as a strategic account executive and head of Australia. In this role, Hands will be …
Mon, 24 Jun 2019 10:09:33 +0000
Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software …
Mon, 24 Jun 2019 09:49:38 +0000
There were 755,436 people working in financial activities in the New York metropolitan area last year, more than twice as many as in the next-biggest area for such jobs, metro Los Angeles. But this amounted to just 8% of New …
Mon, 24 Jun 2019 08:59:20 +0000
One of Britain’s biggest fund managers started selling shares in Exxon Mobil Corp., saying America’s largest oil company isn’t doing enough to address climate change. Legal & General Investment Management, which oversees about $1.3 trillion and is one ...
Mon, 24 Jun 2019 08:36:19 +0000
Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by denying coverage to gambling companies and nuclear-power generators. The asset-management arm of ASR Nederland NV already has a list of …
Mon, 24 Jun 2019 05:38:50 +0000
While most of the news out of the 2019 Florida Legislative Session surrounding insurance has focused on House Bill 7065 and the wide-spread assignment of benefits (AOB) reform it promises, another piece of legislation that makes some big insurance-rela...
Mon, 24 Jun 2019 05:00:24 +0000
CSAA Insurance Group has named Paul Acevedo executive vice president and chief information officer. CSAA has also named Marlys Rodgers chief information security officer. Acevedo leads CSAA’s technology organization, with responsibilities including con...
Mon, 24 Jun 2019 04:45:42 +0000
AXA XL’s Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability (PARLL) policy which provides protection to owners, operators and developers of fixed facilities against loss, remediation...
Mon, 24 Jun 2019 04:29:52 +0000
The Kentucky Supreme Court has ruled that a damage waiver signed by a parent at a trampoline park does not protect the park from liability in the case of an injured child. The Courier Journal reports that the court said …
Mon, 24 Jun 2019 04:28:19 +0000
Kentucky distillery says efforts are underway to recover thousands of barrels of bourbon at a massive storage warehouse that partially collapsed during a thunderstorm. O.Z. Tyler Distillery in Owensboro said a section of the warehouse has been “success...
Fri, 21 Jun 2019 16:51:35 +0000
A new law in Louisiana aims to ensure that auto insurance policyholders have the option to choose a particular motor vehicle repair shop. Under Act 317 (House Bill 411), which has been signed by Gov. Jon Bel Edwards, insurers are …
Fri, 21 Jun 2019 16:33:20 +0000
AM Best announced that Larry G. Mayewski will retire from his position as chairman, president and CEO of AM Best Rating Services Inc. at the end of the year. Matthew C. Mosher, currently executive vice president and chief operating officer, …
Fri, 21 Jun 2019 16:28:26 +0000
Grange Insurance, based in Columbus, Ohio, has appointed Jill Wagner Kelly executive vice president, chief distribution and affiliate officer. As president of Grange affiliate, Integrity Insurance, headquartered in Appleton, Wisconsin, Wagner Kelly has...
Fri, 21 Jun 2019 16:20:56 +0000
A semitrailer exploded into flames Wednesday on an interstate in southeast Wisconsin, killing at least two people, setting other vehicles on fire and sending dark plumes of smoke into the sky, authorities said. A WTMJ-TV photographer who witnessed the ...
Fri, 21 Jun 2019 16:19:06 +0000
Farmers who have been unable to plant their soybeans and corn because of this spring’s never-ending rains told Ohio’s governor that it will take years to recover their losses. They also said the impact will be felt throughout the agriculture …
Fri, 21 Jun 2019 16:14:30 +0000
A Florida city agreed to pay $600,000 in ransom to hackers who took over its computer system, the latest in thousands of attacks worldwide aimed at extorting money from governments and businesses. The Riviera Beach City Council voted unanimously this …
Fri, 21 Jun 2019 16:11:54 +0000
It’s looking more and more like QuadrigaCX founder Gerald Cotten mismanaged the digital-asset exchange before he died, with cryptocurrencies from clients ending up at rival marketplaces in his personal accounts. The latest report from Ernst & Young, wh...
Fri, 21 Jun 2019 15:35:18 +0000
Argo Group International Holdings, the Bermuda-based specialty re/insurer, has adopted an insurtech platform that enables managing general agents, wholesalers and independent brokers to submit, quote and bind risks seamlessly, without paper or error. A...
Fri, 21 Jun 2019 14:35:39 +0000
To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their business, but also their customer base,” says …
Fri, 21 Jun 2019 14:23:16 +0000
NFP has acquired Sacramento, Calif.-based Excel Bonds & Insurance Services Inc. The deal closed May 1. Cathy Skeen and Dave Garese, former founders and principals, will join NFP as senior vice presidents, reporting to John Hyland, senior vice president...