Fri, 24 May 2019 11:03:21 +0000
Fighting back tears, Theresa May said on Friday she would quit, setting up a contest that will bring a new British prime minister to power who could pursue a cleaner break with the European Union. May’s departure will deepen the …
Fri, 24 May 2019 09:36:57 +0000
Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reported a 105% increase in the number of ransomware attack notifications against clients compared to Q1 2018. In Q1 2019, ...
Fri, 24 May 2019 08:44:32 +0000
Generali has signed an agreement to sell the life run-off portfolio of its UK Branch to a subsidiary of Reinsurance Group of America Inc., the St. Louis, Mo.-based life and health reinsurance company. The run-off portfolio, which consists of mainly …
Fri, 24 May 2019 08:11:03 +0000
China’s attempts to control African swine fever have been insufficient to stem further spread of the disease, with the deadly pig contagion now endemic in two regions, a United Nations group said. The virus that causes the disease is entrenched …
Fri, 24 May 2019 05:26:28 +0000
State Auto Labs, the innovation arm of the State Automobile Mutual Insurance Co., says in the 18 months after launching its $25 million corporate venture fund to support entrepreneurs and innovations in the insurance industry, it has invested in five …
Fri, 24 May 2019 05:00:42 +0000
U.S. personal lines insurance saw strong premium growth of 8% in 2018 and the sector’s statutory combined ratio of 99% for 2018 represented the market’s best results since 2013, according to a new special report from Fitch. “Strong performance was …
Fri, 24 May 2019 05:00:33 +0000
Since October 2017 when the #MeToo era began and sexual harassment claims against Hollywood mogul Harvey Weinstein were revealed, insurers have seen an uptick in not only the number but also the size of sexual harassment claims. “[W]e’re going into …
Fri, 24 May 2019 05:00:12 +0000
Harvey Weinstein, women who accused him of sexual misconduct, his former film studio’s board members and the New York attorney general’s office have reached a tentative $44 million deal to resolve lawsuits and compensate alleged victims of the Hollywoo...
Fri, 24 May 2019 04:59:47 +0000
The Hanover Insurance Group, Inc. has expanded its suite of personal lines insurance products to include a new watercraft insurance offering. As part of the new offering, The Hanover’s watercraft product will offer: Broadened range of coverage for wate...
Fri, 24 May 2019 04:56:09 +0000
Gulfstream Property and Casualty Insurance Co. has appointed Ronald E. “Nate” Natherson, Jr. as president and CEO. Natherson joins Gulfstream having previously served as chief operating officer for Southern Oak Insurance Co. in Ponte Vedra Beach, Fla. ...
Fri, 24 May 2019 04:32:21 +0000
Long-awaited reforms for Florida’s assignment of benefits (AOB) crisis that the insurance industry and consumer advocates say has led to less coverage and higher rates for Florida property owners will officially become law July 1. Florida Governor Ron ...
Fri, 24 May 2019 01:04:38 +0000
The residents of the small riverside town of Mosby, Missouri, have become accustomed to watching floods swamp their streets, transform their homes into islands and ruin their floors and furniture. Elmer Sullivan has replaced his couch, bed and televisi...
Fri, 24 May 2019 00:52:08 +0000
The Oklahoma Senate has approved legislation that makes changes to Oklahoma’s workers’ compensation system that lawmakers say will preserve and strengthen reforms adopted in 2013. An increase in benefits paid to injured workers is included among the pr...
Thu, 23 May 2019 22:11:54 +0000
A major barrier that keeps the Mississippi River in its current path may be opened for just the third time in its history, potentially flooding a large part of rural Louisiana. Concern is growing that heavy rains will cause the …
Thu, 23 May 2019 20:13:56 +0000
Chatsworth, Calif.-based Gorst & Compass has named Kristi Mulford a senior transportation broker/underwriter. Mulford, who is based in San Marcos, has 18 years of commercial auto insurance experience. She was previously a broker with R.E. Chaix & Assoc...
Thu, 23 May 2019 19:55:40 +0000
Lawmakers said that they agreed to a $19.1 billion disaster-aid bill after months of disagreement and that President Donald Trump said he will sign it. Senate Appropriations Chairman Richard Shelby called the agreement a “good deal.” He added that he …
Thu, 23 May 2019 16:31:40 +0000
A flooded Oklahoma was deluged once again on Wednesday following days of severe weather that’s blamed for at least three deaths after also battering Iowa, Kansas and Missouri, “The biggest concern is more rain. I mean, there’s more rain in …
Thu, 23 May 2019 16:22:36 +0000
A year ago, it took months for insurance agents and adjusters to get continuing education transcripts, course credit and other information from the Texas Department of Insurance. Today, it takes about two weeks, according to the state agency. The impro...
Thu, 23 May 2019 16:04:55 +0000
Three Texas environmental groups have notified Valero Energy Corp. of plans to file a lawsuit under the U.S. Clean Air Act for pollution at the company’s Port Arthur, Texas, refinery, the organizations said. Environment Texas, the Sierra Club and the …
Thu, 23 May 2019 16:00:42 +0000
Administrators at Ohio State University should release the names of all coaches, trainers and personnel who knew of but failed to act on complaints about a now-dead team doctor who sexually abused male students for nearly two decades, said attorneys …
Thu, 23 May 2019 15:56:50 +0000
A federal judge in South Dakota has dismissed part of a lawsuit filed by a couple who had to tear down their Sioux Falls house after a long-running dispute with their neighbors. Judge Roberto Lange recently granted Liberty Mutual Insurance’s …
Thu, 23 May 2019 15:50:49 +0000
Two pieces of legislation impacting the surplus lines insurance industry in Texas have been passed by state lawmakers and are headed to the governor’s desk, the Surplus Lines Stamping Office of Texas (SLTX) reported. Both bills, HB 1306 and HB …
Thu, 23 May 2019 14:29:02 +0000
Washington state has agreed to pay $1.7 million to a woman who claimed social workers failed to investigate reports of neglect and sexual abuse three decades ago. The Seattle Times reported a judge signed off on the settlement to the …
Thu, 23 May 2019 14:25:03 +0000
Colorado officials said that they had no plans to stop energy companies from drilling for oil and gas while regulators overhaul state rules to make health, safety and the environment their top priority. Dan Gibbs, chief of the state Department …
Thu, 23 May 2019 14:22:30 +0000
An Alaska air carrier involved in two deadly floatplane crashes in a week has voluntarily suspended operations, federal officials said. The halt of flightseeing and commuter flights is in place indefinitely, according to the Federal Aviation Administra...
Thu, 23 May 2019 14:20:41 +0000
Brittany Jones and Steven Jones, of Marysville, Wash., each were charged with one count of filing a false insurance claim in Snohomish County Superior Court on May 14. The charges stem from an auto insurance claim and follow an investigation …
Thu, 23 May 2019 13:34:41 +0000
The Trump administration is planning to write new rules for how it weighs the human costs and benefits of environmental regulations, a move that could make it harder for future presidents to stiffen limits on pollution and combat climate change. …
Thu, 23 May 2019 13:27:56 +0000
The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to $24.5 billion in 2018 from $13.3 billion in 2009, …
Thu, 23 May 2019 13:19:23 +0000
One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, according to Consumer Reports. But taking a taxi or limousine isn’t necessarily a safer option: nearly a quarter …
Thu, 23 May 2019 13:12:11 +0000
AXA XL, a division of AXA, has named Raymond Chiusano to lead its North America Property Insurance team’s Northeast region, based in New York. Chiusano is assuming the role currently held by Joseph Moylan, who announced his planned 2020 retirement. …