December 13, 2018

Thu, 13 Dec 2018 15:35:22 +0000
Hub International Ltd. has acquired the assets of G.P. Barich Insurance Agency Inc. in Redlands, Calif. George Barich, president of Barich Insurance, will join Hub California and will report to Jim Jesser, executive vice president of Hub California. Te...
Thu, 13 Dec 2018 15:32:09 +0000
Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax). Catastrophe losses occurring in November comprised six events at an estimated cost of $679 million, pre-tax ($5...
Thu, 13 Dec 2018 14:32:35 +0000
The Hilb Group LLC (THG) has acquired Massachusetts-based Mackintire Insurance Agency Inc. The transaction became effective December 1, 2018. Mackintire is a commercial and personal lines retail insurance agency founded in 1991. Located in Westborough,...
Thu, 13 Dec 2018 14:21:06 +0000
A Rhode Island insurance agent and agency owner who specializes in providing equine insurance coverage has admitted to operating schemes which defrauded customers, insurance companies and finance companies of approximately $1.3 million. Randall N. Leve...
Thu, 13 Dec 2018 14:00:41 +0000
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Nolen Associates Inc. Terms of the transaction were not disclosed. Located in Springfield, Penn., Nolen Associates is a full-service medical malpractice insurance...
Thu, 13 Dec 2018 13:50:30 +0000
New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. Brad Hoylman, incoming chairman of the Senate Judiciary Committe...
Thu, 13 Dec 2018 13:08:04 +0000
Average world temperatures are on course to far exceed the main goal set in the 2015 Paris Agreement on limiting global warming, a study showed on Tuesday [Nov. 11]. But the overshoot by the end of this century could be …
Thu, 13 Dec 2018 12:34:17 +0000
A poll of small and medium-sized enterprises (SMEs) and micro businesses in the UK shows over half are confused by or even unaware of the rules around the EU’s General Data Protection Regulation (GDPR), while more than eight out of …
Thu, 13 Dec 2018 10:45:21 +0000
Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating back to 1991, Tamworth, England...
Thu, 13 Dec 2018 08:49:05 +0000
A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on …
Thu, 13 Dec 2018 08:31:52 +0000
Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European coun...
Thu, 13 Dec 2018 06:50:04 +0000
Nikki Spicer has joined the Independent Insurance Agents of Oklahoma (IIAO) as the association’s new workers’ compensation program account manager. She will be working alongside Susan Starr and is replacing Niki Wigington, who has taken on a new role w...
Thu, 13 Dec 2018 06:00:36 +0000
The new head of the U.S. consumer financial watchdog on Tuesday said she intended to continue some of the work begun by her predecessor Mick Mulvaney, including a review of decades-old rules preventing lending discrimination against minorities. Industr...
Thu, 13 Dec 2018 06:00:29 +0000
A landmark U.S. bill that would speed adoption of self-driving cars is now “a long shot” to pass before the current Congress adjourns in the coming weeks, a key Republican senator behind the legislation said. Many automaker lobbyists and congressional …
Thu, 13 Dec 2018 05:58:52 +0000
Tennessee Insurance Commissioner Julie Mix McPeak will continue to serve as the state’s top insurance regulator, according to a statement from Governor-elect Bill Lee. Lee announced four appointments this week to his cabinet for departments including C...
Thu, 13 Dec 2018 05:56:49 +0000
Citizens Property Insurance Corp. will file for a statewide average increase of 8.2 percent for personal lines policyholders – homeowners, condominium owners and renters. The Florida insurer of last resort’s Board of Governors on Wednesday approved a...
Thu, 13 Dec 2018 05:43:40 +0000
The PURE Group has expanded its excess & surplus (E&S) high net worth offering, PURE Programs, into California. The coverage is tailored to high value, high-risk homes with broader coverage than is typically found in the high net worth E&S …
Thu, 13 Dec 2018 01:54:17 +0000
The House cleared farm legislation that renews agricultural subsidies and food aid for low-income families without a controversial provision backed by conservatives and President Donald Trump that would have toughened work requirements to qualify for a...
Thu, 13 Dec 2018 00:50:54 +0000
The Workers’ Compensation Rating Bureau of California issued its quarterly experience report on Wednesday showing premium for the first nine months of 2018 was 3 percent below the same period for 2017. The WCIRB issued a report in September that …
Wed, 12 Dec 2018 22:48:05 +0000
Prime Minister Theresa May survived a confidence vote from her Conservative party on Wednesday, but more than a third of her lawmakers said she was no longer the right leader to implement Britain’s exit from the European Union. Britain’s March …
Wed, 12 Dec 2018 19:09:08 +0000
The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now. California Insurance Commissioner Dave Jones on Wednesday released official figures for losses from the Camp Fire in Northern California and...
Wed, 12 Dec 2018 18:41:31 +0000
AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los Angeles, Calif.-based Mercury Casualty Group. The record wi...
Wed, 12 Dec 2018 17:59:35 +0000
Seesawing temperatures across several southern states were gradually melting snow from a wintry storm, but also “transforming slushy roads into treacherous ice,” one governor warned Tuesday. Scores of schools in Virginia and North Carolina were closed ...
Wed, 12 Dec 2018 17:36:25 +0000
Agriculture experts say Arkansas soybean farmers have lost at least $77 million this year after heavy rainfall interrupted harvest season and damaged the quality of the crop. The Arkansas Democrat-Gazette reports that University of Arkansas researchers...
Wed, 12 Dec 2018 17:34:31 +0000
Minnesota is maintaining its June 20 cutoff date for farmers to use the herbicide dicamba, which has been blamed for drifting and damaging neighboring soybean fields. The Minnesota Department of Agriculture imposed the cutoff for 2018 after getting 253...
Wed, 12 Dec 2018 17:32:19 +0000
The Nitsche Group, an independent insurance agency headquartered in Giddings, Texas, has been inducted into the Hall of Fame during this year’s Family Business of the Year Awards Program hosted by Baylor University. The Nitsche Group is among only two …
Wed, 12 Dec 2018 17:26:31 +0000
Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., has paid more than $3 million in early qualifier dividends to approximately 4,000 newer policyholder owners across the state. This payout is the final component of the company’s $2...
Wed, 12 Dec 2018 17:23:01 +0000
Alera Group has acquired Bailey & Company, an employee benefits firm headquartered in Cincinnati, Ohio. Terms of the transaction were not disclosed. Bailey & Company specializes in a wide variety of employee benefit programs. The firm helps its clients...
Wed, 12 Dec 2018 17:19:07 +0000
An “ineffective” safeguard failed to prevent an explosive mixing of air and fuel at a Husky Energy refinery in Superior, Wisconsin, leading to a blast and fire in the plant’s gasoline-producing unit in April, a U.S. industrial safety group says. …
Wed, 12 Dec 2018 16:02:45 +0000
PG&E Corp. revealed that on the day California’s deadliest and most destructive wildfire started, its workers saw damage and a fire near one of its transmission towers, which are the focus of investigations and a lawsuit as a possible ignition …