Fri, 19 Oct 2018 16:52:02 +0000
Texas Gov. Greg Abbott has issued a State Disaster Declaration for 18 Texas counties impacted by recent severe weather and flooding that has caused widespread property damage and threatened loss of life. The governor’s declaration comes as rain continu...
Fri, 19 Oct 2018 16:49:34 +0000
More than a week after Hurricane Michael slammed into the Florida Panhandle, authorities are reporting three more deaths from the Category 4 storm as residents returning to their homes try to piece together their lives from the rubble left by …
Fri, 19 Oct 2018 16:44:13 +0000
Businesses in Indiana can expect to pay less for workers’ compensation insurance coverage next year, continuing a trend that has been ongoing for several years. Insurance Commissioner Stephen W. Robertson has approved an average 7.6 percent reduction f...
Fri, 19 Oct 2018 16:24:29 +0000
Cook County’s board of commissioners have voted for a nearly $4 million settlement of a malpractice lawsuit filed after an alleged botched heart surgery at Chicago’s Stroger Hospital. Lawyers for Jaime Flores alleged Stroger physicians made a “very unf...
Fri, 19 Oct 2018 16:23:04 +0000
Flood specialist JBA Risk Management has rolled out its high-resolution flood maps and associated pricing data for the continental United States starting with the State of Florida. These new maps are designed to enable (re)insurers and others with an i...
Fri, 19 Oct 2018 16:12:27 +0000
Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board. This week, Munich Re’s nomination committee recommended to the full supervisory board that …
Fri, 19 Oct 2018 15:43:28 +0000
Arch Insurance announced that Matt Shulman will assume the newly created role of CEO, Arch Insurance North America, effective January 1, 2019. In this role, he will lead Arch Insurance’s operations in the United States and Canada. He will report …
Fri, 19 Oct 2018 15:01:09 +0000
Utah State Forester Brian Cottam says the state’s wildfire season appears to be over and that it is adding up to be Utah’s most expensive ever. KSL-TV reported that Cottam told the Utah Executive Appropriations Committee that firefighting costs this …
Fri, 19 Oct 2018 14:56:32 +0000
A Big Island panel has advanced a measure that would prohibit short-term vacation rentals in residential and agricultural zones. The Hawaii County Council Planning Committee approved the measure’s fifth draft this week after the ordinance has been in t...
Fri, 19 Oct 2018 14:54:29 +0000
Washington state has agreed to pay a $28 million settlement to woman who was left quadriplegic in wreck on Interstate 5 in DuPont. The News Tribune reported 20-year-old Skylar Seward filed a lawsuit against the state Department of Transportation after …
Fri, 19 Oct 2018 14:53:03 +0000
Automated alerts from the fledgling West Coast earthquake early warning system are ready to be used broadly by businesses, utilities, schools and other entities but not for mass public notification, officials said Wednesday. “We’re making a large chang...
Fri, 19 Oct 2018 14:51:58 +0000
Everest Re Group Ltd. and Argo Group International Holdings Ltd. announced their preliminary pre-tax catastrophe loss estimates for the third quarter, ended Sept. 30, 2018. Bermuda-based Everest Re’s estimated catastrophe loss was $240 million, net of ...
Fri, 19 Oct 2018 14:36:44 +0000
Chubb has appointed Judy Gonsalves vice president of Chubb Group and division president of Bermuda. In this capacity, she has executive operating responsibility for the Bermuda-based commercial property and casualty (P/C) insurance business that writes...
Fri, 19 Oct 2018 14:00:25 +0000
Everest Insurance said that Christopher McKeon, currently vice president and head of Commercial Casualty, will add leadership responsibility for the Risk Management business unit, which focuses on customized primary casualty large accounts. Risk Manage...
Fri, 19 Oct 2018 12:36:58 +0000
Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following...
Fri, 19 Oct 2018 12:21:01 +0000
Google is eager to invest in other insurance technology companies well beyond its newly announced minority stake in Applied Systems, a principal investor with the global search engine giant said on Oct. 17. “We really like the market,” said Jesse …
Fri, 19 Oct 2018 11:37:06 +0000
The U.K. and the European Union are inching towards a plan that could help unblock Brexit negotiations and clear the path to a deal, raising hopes of progress after months of stalemate. While the EU summit in Brussels fell far …
Fri, 19 Oct 2018 11:10:52 +0000
Mad cow disease has been found on a U.K. farm for the first time since 2015, raising concern that some countries may move to limit imports of British beef. The disease, also known as bovine spongiform encephalopathy or BSE, was …
Fri, 19 Oct 2018 10:54:48 +0000
Armslist, an online peer-to-peer firearms dealer, was sued on Thursday by a Boston police officer allegedly shot by a convicted felon with a gun purchased on the platform. The officer, Kurt Stokinger, argued in the complaint that the website acted …
Fri, 19 Oct 2018 10:48:15 +0000
New York state officials are considering blocking parts of the $68 billion merger of drugstore store chain CVS Health Corp. and Aetna Inc., jeopardizing billions of dollars in insurance premiums for Aetna. CVS and Aetna won approval from the U.S. …
Fri, 19 Oct 2018 10:30:17 +0000
Aon plc announced it has formed a new unit called New Ventures Group, which is designed to increase Aon’s investment in innovative new businesses. The global unit will identify, incubate and deliver new sources of value for clients, explained an …
Fri, 19 Oct 2018 10:27:34 +0000
Merchants Insurance Group Customer Experience Lead Ginny Winkworth has been named as co-chair of the Customer Experience Work Group of the Agents Council for Technology (ACT), a program of the Independent Insurance Agents and Brokers of America (IIABA)...
Fri, 19 Oct 2018 05:57:38 +0000
Arkansas’ high court has ordered election officials to not count votes for a proposal to limit damages awarded in civil lawsuits that, together, proponents and opponents have spent nearly $2 million on campaigns for and against the measure. The court …
Fri, 19 Oct 2018 05:55:03 +0000
Appalachian Underwriters Inc. has hired Joanna St. Clair as a garage underwriter. She will be working remotely in the Austin, Texas, area, primarily underwriting garage risks for Midwest agents. St. Clair comes to AUI with 15 years of experience in …
Fri, 19 Oct 2018 05:03:06 +0000
A Louisiana company is recalling 15 tons of packaged ready-to-eat chicken and pork products produced since January 2017 for five restaurants or chains in Louisiana and Texas. A La Carte Foods of Belle Rose made the six products with sausage …
Fri, 19 Oct 2018 05:00:49 +0000
The ubiquitous black boxes on airliners — designed to capture the sometimes gruesome words and sounds leading up to crashes — need an upgrade, U.S. accident investigators say. In too many cases, the current two hours of sound on the …
Fri, 19 Oct 2018 05:00:24 +0000
Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as autonomous machines, artificial in...
Fri, 19 Oct 2018 05:00:09 +0000
A motorist’s use of marijuana and a sedative led to a collision with a church bus that killed 13 people on the bus, the National Transportation Safety Board said in a report released on Oct. 16. According to the report, …
Fri, 19 Oct 2018 04:49:22 +0000
Dozens of neighbors of a North Carolina chemical plant had industrial compounds in their bloodstreams, but tests by state and federal health officials outlined Tuesday didn’t find the much-debated and little-studied one they were looking for. None of t...
Fri, 19 Oct 2018 04:43:37 +0000
A federal judge in Nashville has ordered the state to stop suspending the drivers licenses of people who are unable to pay traffic fines and court costs. In an order Tuesday, U.S. District Judge Aleta Trauger also instructed the state …