Mon, 21 Aug 2017 06:49:46 +0000
In testimony on Capitol Hill in early August, Oklahoma Insurance Commissioner John Doak told federal lawmakers that fraud across all lines of insurance costs the industry an estimated $80 million to $100 million annually. Testifying on insurance fraud ...
Mon, 21 Aug 2017 05:00:41 +0000
Add today’s total eclipse of the sun to the list of worker distractions that cost U.S. companies hundreds of millions of dollars in lost productivity. American employers will see at least $694 million in missing output for the roughly 20 …
Mon, 21 Aug 2017 05:00:09 +0000
The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too …
Mon, 21 Aug 2017 04:32:13 +0000
This is it, the days surfer Blue Spivey looks forward to all winter. The days he can go online and watch those big, long swells rolling across the Atlantic Ocean like they do all year out in California. You’ve got …
Mon, 21 Aug 2017 04:23:32 +0000
Eleven Alabama counties are under a natural disaster designation after excessive rainfall and flooding from Tropical Storm Cindy. The conditions caused extensive damage to crops, sparking Gov. Kay Ivey to ask for federal assistance for Alabama farmers ...
Mon, 21 Aug 2017 04:17:26 +0000
A series of accidents involving semi-trucks on the interstate has prompted a review from the Kentucky Transportation Cabinet. The Courier-Journal reports the agency will review ramps and roadways following accidents in Louisville’s Spaghetti Junction. ...
Mon, 21 Aug 2017 00:26:17 +0000
The government will make this month’s payments to insurers under the Obama-era health care law that President Donald Trump still wants to repeal and replace, a White House official said Wednesday. Trump has repeatedly threatened to end the payments, wh...
Fri, 18 Aug 2017 19:06:31 +0000
The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2018 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.01 per $100 of payroll. That WCIRB’S proposed rate...
Fri, 18 Aug 2017 16:57:46 +0000
A deadly February 2017 industrial gas leak at a sperm bank in Augusta, Ga. was caused by the over-pressurization of a bulk storage tank, according to findings from an investigation by state inspectors released Thursday by Insurance and Safety Fire …
Fri, 18 Aug 2017 16:44:49 +0000
Gov. Mary Fallin has named Mark Liotta as chairman of the Oklahoma Workers’ Compensation Commission. Liotta, a former state representative from Tulsa, succeeds Robert Gilliland, whose term on the commission expires Aug. 25. Liotta’s appointment as chai...
Fri, 18 Aug 2017 16:40:37 +0000
An appeals court has voided an order that would have required Exxon Mobil to revise its pipeline safety procedures after a 2013 oil spill in Arkansas. The Pipeline and Hazardous Materials Safety Administration issued the order in 2015, and it …
Fri, 18 Aug 2017 16:38:03 +0000
Wisconsin officials say a state law prevents them from enforcing a fire sprinklers rule that fire officials say is one of the best ways to save lives. The 7-year-old rule requires sprinklers be installed into new apartment buildings that have …
Fri, 18 Aug 2017 16:36:36 +0000
A former Esurance call center worker in South Dakota is suing the insurance company alleging discrimination and harassment because he’s Jewish. The Argus Leader reports that Brandon Marshall filed the federal lawsuit on Aug. 15. Marshall claims his sup...
Fri, 18 Aug 2017 16:27:34 +0000
Gov. John Bel Edwards announced he wants to broaden Louisiana’s flood aid program to include homeowners whose flood insurance proceeds didn’t cover their rebuilding costs and to boost grant amounts. Initial limits setting homeowner eligibility for the ...
Fri, 18 Aug 2017 16:26:11 +0000
North Dakota Insurance Commissioner Jon Godfread has said that since taking office at the beginning of this year he has focused on ensuring the agency he runs is available and responsive to insurance consumers, producers and companies alike. As part …
Fri, 18 Aug 2017 16:06:30 +0000
Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will “bring European expertise and solutions” to the alternative energy, private public partnerships (P3s)...
Fri, 18 Aug 2017 15:59:12 +0000
Pennsylvania Governor Tom Wolf has selected Insurance Commissioner Teresa Miller to lead the state’s Department of Human Services, effective August 21. He simultaneously announced in an email to state employees that Jessica Altman will serve as Miller’...
Fri, 18 Aug 2017 15:13:28 +0000
With recreational marijuana use just months away from being legal in California, Los Angeles has appointed a so-called cannabis czar tasked with regulating the local pot industry. The Daily News reported the City Council voted unanimously this week to ...
Fri, 18 Aug 2017 15:10:00 +0000
A wrongful death lawsuit filed by the family of a man who died in an ambulance helicopter crash has been thrown out by a judge who said the case must go through California’s workers’ compensation death benefits program. The Fresno …
Fri, 18 Aug 2017 14:53:14 +0000
Brown & Riding has named Mike Boseman chief operating officer. Boseman is based out of the company’s Los Angeles, Calif. headquarters and will be responsible for strategic operations, including client and carrier development, enhancing information tech...
Fri, 18 Aug 2017 13:31:29 +0000
A lawsuit claims a suburban Philadelphia woman got an extra topping on her Chick-fil-A sandwich: a dead rodent. Ellen Manfalouti sued in Bucks County Court over the tiny rodent she claims was baked into the bottom bun of her chicken …
Fri, 18 Aug 2017 13:24:07 +0000
Carlton Fields has hired Alex B. Silverman to its New York office as an associate. Silverman will practice in the firm’s Property and Casualty Insurance practice group. Silverman represents insurance companies in complex risks and coverage-related disp...
Fri, 18 Aug 2017 13:10:43 +0000
New Day Underwriting Managers, a Hamilton, N.J.-based specialty intermediary of environmental and construction-related professional liability insurance coverages, has named Bill Webb assistant vice president in the Construction Division. As an expert i...
Fri, 18 Aug 2017 12:49:07 +0000
A.M. Best announced today that Manuel Agustin Calderón de las Heras has resigned from his position as managing director of A.M. Best América Latina to pursue other opportunities. Calderón de las Heras has been with A.M. Best for the last …
Fri, 18 Aug 2017 10:16:57 +0000
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled US$23 billion, while economic losses during the same period came to US$44 billion – an indication of the extent of the protection gap that …
Fri, 18 Aug 2017 08:06:00 +0000
XL Catlin announced the appointment of Louise Piper as UK Client and Distribution director, effective Sept. 1, 2017. In this role, Piper will be responsible for working with brokers and clients to ensure that XL Catlin continues to provide the …
Fri, 18 Aug 2017 07:46:42 +0000
A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services it offers to …
Fri, 18 Aug 2017 06:36:07 +0000
A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a bad deal. Britain …
Fri, 18 Aug 2017 05:30:37 +0000
Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas avenue. One Catalan police …
Fri, 18 Aug 2017 05:00:54 +0000
Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation. “We have a …