Wed, 17 Jul 2019 14:15:10 +0000
RiskGenius, which provides natural language tools for improving the quality and accuracy of insurance policies, has completed a Series B financing led by Hudson Structured Capital Management. The company said it has also expanded partnerships with insu...
Wed, 17 Jul 2019 14:08:04 +0000
Two years ago Nasdaq Inc. and Citigroup Inc. announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector....
Wed, 17 Jul 2019 13:42:26 +0000
Businesses and residents near Dover Air Force Base in Delaware are being provided bottled water after chemical contaminants were found in private wells near the base at levels far exceeding federal health advisory levels. State officials said in a news …
Wed, 17 Jul 2019 13:32:44 +0000
Pie Insurance has begun providing workers’ compensation insurance to small businesses in New Hampshire. It simultaneously announced that it has begun providing workers’ comp insurance in Mississippi, Utah and West Virginia, now offering coverage in 29 ...
Wed, 17 Jul 2019 13:27:27 +0000
Plymouth Rock Assurance has agreed to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance carrier with $21 million in annual...
Wed, 17 Jul 2019 13:17:28 +0000
Pie Insurance said it has begun providing workers’ compensation insurance to small businesses in Mississippi, New Hampshire, Utah and West Virginia. With these additions, Pie now offers coverage in 29 states and the District of Columbia. In June, Pie I...
Wed, 17 Jul 2019 12:10:38 +0000
Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a wave of attacks in the region, security companies involved said. Relations between Iran and the West are increasingly strained ...
Wed, 17 Jul 2019 11:21:37 +0000
John Carolin has been appointed chief executive officer of B3i Services AG (B3i). Carolin previously served as interim CEO since March 2019 after joining B3i as chief financial officer in March 2018. Carolin’s work experience spans the risk transfer in...
Wed, 17 Jul 2019 10:21:57 +0000
India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business wh...
Wed, 17 Jul 2019 08:06:06 +0000
It is an insurtech startup operating an artificial intelligence-powered platform that aims to transform commercial insurance underwriting. While the goal may seem ambitious, Cytora is making significant inroads toward improving underwriting—ultimatel...
Wed, 17 Jul 2019 06:01:23 +0000
Police in Alabama have searched five towing companies that are under investigation for possible insurance fraud. New outlets report officers executed search warrants Friday at more than a dozen locations. Mobile Police Chief Lawrence Battiste says some...
Wed, 17 Jul 2019 05:57:59 +0000
Floridians are on alert as the state heads into to peak hurricane season after three straight years of being impacted by major storms. Meanwhile, the Florida Panhandle continues its recovery from Hurricane Michael that devastated the region as a Catego...
Wed, 17 Jul 2019 05:50:33 +0000
J.M. Wilson has promoted Lacey Harris to property/casualty underwriter in its Portage, Michigan, office. Lacey is responsible for quoting new and renewal commercial property and casualty risks and serving independent insurance agents in the state of Mi...
Wed, 17 Jul 2019 05:00:46 +0000
U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued for the content users post. The Senate Judiciary subcommittee hearing, led by Senator …
Wed, 17 Jul 2019 05:00:40 +0000
Johnson & Johnson said that the health-care conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products. Last week, Bloomberg reported that the U.S. Justice Department was pursuing a criminal …
Wed, 17 Jul 2019 04:29:19 +0000
Scientists are learning more about suicides among Georgia farmers – and they say the aftermath of Hurricane Michael could bring more risks to rural areas. New research shows that relationship issues, health-related problems and financial hardship are a...
Wed, 17 Jul 2019 04:24:22 +0000
Universal Insurance Holdings, Inc.’s Chairman and CEO Sean P. Downes has taken on the role as executive chairman, beginning July 15. The Universal Insurance Holdings Board has appointed current Chief Operating Officer Stephen J. Donaghy as the new chie...
Tue, 16 Jul 2019 22:15:00 +0000
Markel Corp. appears on the way to settling with two former employees who sued over unpaid bonuses after they were dismissed for allegedly having a personal relationship that Markel said violated company policy. The company said it has settled one …
Tue, 16 Jul 2019 21:43:41 +0000
EPIC Insurance Brokers and Consultants has added Luke Aschermann as a client manager, Norma Brehm as a property/casualty claims manager and Belinda Lopes as a principal/senior client advocate. All join EPIC in Phoenix, Ariz. from Willis Towers Watson. ...
Tue, 16 Jul 2019 21:17:09 +0000
Catastrophe modeling firm, Karen Clark & Company (KCC), says insured losses from Tropical Storm/Hurricane Barry and its remnants will near $300 million. That figure does not include National Flood Insurance Program (NFIP) losses. KCC based the estimate...
Tue, 16 Jul 2019 16:56:00 +0000
Even though Tropical Depression Barry did not unleash catastrophic flooding in Louisiana, many across the Gulf Coast were urged to take heed of tornado and flash-flood warnings Monday as the storm moved north. Barry was downgraded from a tropical storm …
Tue, 16 Jul 2019 16:44:44 +0000
In a letter sent to U.S. Senate leaders in early July, North Dakota Insurance Commissioner Jon Godfread, urged lawmakers to take action on the issue of surprise bills from air ambulance providers. Godfread wrote to Senate leaders Mitch McConnell (R-KY) …
Tue, 16 Jul 2019 16:32:33 +0000
Fidelis Group Holdings LLC (FGH), with its subsidiary Continental Underwriters Ltd. (CU) and Fidelis Claims Service LLC (FCS), has hired Mark Taylor as senior manager of its Claims Division. Taylor will provide additional leadership to FCS and will be ...
Tue, 16 Jul 2019 16:20:43 +0000
Holmes Murphy has added Brooks Deibele as regional market Leader for the company’s growing Minneapolis Employee Benefits team. Deibele joins Holmes Murphy from Blue Cross Blue Shield (BCBS) of Minnesota, where he rose from vice president of Group Marke...
Tue, 16 Jul 2019 16:03:00 +0000
Surplus lines premium in Texas has increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas (SLTX). Through the first …
Tue, 16 Jul 2019 16:01:13 +0000
Even after illegally promoting opioid painkillers to reap billions of dollars in profit over the past two decades, Johnson & Johnson has accepted “zero responsibility” for its central role in fueling a public-health crisis, Oklahoma’s top law-enforceme...
Tue, 16 Jul 2019 15:55:53 +0000
Managing general agency and surplus lines broker, J.M. Wilson, has added Matt Lewton as transportation underwriter and Tyler Arens as assistant transportation underwriter in its Carmel, Indiana, office. Lewton is responsible for underwriting new and re...
Tue, 16 Jul 2019 15:37:16 +0000
The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain’s prime minister next week with a pledge to renegotiate a deal the bloc says it will not reopen. The three-year Brexit crisis …
Tue, 16 Jul 2019 15:18:05 +0000
Premera Blue Cross, the largest health insurer in the Pacific Northwest, has agreed to pay $10 million to 30 states following an investigation into a data breach that exposed confidential information on more than 10 million people across the country. …
Tue, 16 Jul 2019 15:13:02 +0000
California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt …