Fri, 18 Jan 2019 13:37:56 +0000
Hiscox, a specialist in small business and cyber insurance, recently staged a “real world” hack to demonstrate what a cyber attack would look like for small businesses. The insurer collaborated with UK bike manufacturer Brompton Bicycle, constructing o...
Fri, 18 Jan 2019 13:27:49 +0000
Vital Insurance Partners, an insurance consulting and program intermediary, has named Curtis Kochman senior vice president of Program Placement. Kochman, who will be based in Pittsburgh, Penn., will be responsible for the development and placement of p...
Fri, 18 Jan 2019 13:20:24 +0000
Trager Reznitsky Insurance, based in North Haven, Conn., is expanding south to the shoreline town of Branford, Conn. Agency principals Joshua Trager and Eugene Reznitsky officially opened the agency’s second location on January 2, 2019. The agency’s ne...
Fri, 18 Jan 2019 13:07:34 +0000
The New York State Workers’ Compensation Board has launched a new tool that makes it easier for injured workers, attorneys and other participants to attend workers’ compensation hearings remotely. The Board’s virtual hearings, a first-in-the-nation ini...
Fri, 18 Jan 2019 12:38:36 +0000
Slow as molasses? This treacle didn’t trickle. It was a sticky, deadly tsunami that flattened an entire Boston neighborhood within seconds. This week the city marked the 100th anniversary of its most peculiar disaster – the Great Molasses Flood. It …
Fri, 18 Jan 2019 12:08:59 +0000
Kevin Kilps’s car ferry churns the waters of Germany’s Rhine river as he steers toward the bank opposite Kaub, a scenic village just south of the rocky outcropping named after the legendary siren Lorelei. It’s typically a busy stretch of …
Fri, 18 Jan 2019 11:24:45 +0000
Argo Group International Holdings, Ltd., the Bermuda-based re/insurer, announced a preliminary pre-tax catastrophe loss estimate of $32 million for the fourth quarter of 2018, primarily related to Hurricane Michael and the California wildfires. Additio...
Fri, 18 Jan 2019 11:06:10 +0000
Prime Minister Theresa May’s Brexit deal has been thrown out by Parliament. She’s now in talks with rival politicians to find a way forward before presenting a Plan B on Monday. If her plan isn’t convincing, then British lawmakers will …
Fri, 18 Jan 2019 10:43:10 +0000
Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalized a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by …
Fri, 18 Jan 2019 09:45:11 +0000
Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding into the property construction insurance market in the UK and Ireland and has appointed Simeon Seamer to lead the effort as head of Property Construction, UK and Ireland. “With the...
Fri, 18 Jan 2019 09:12:32 +0000
Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements were reached after a two-day vis...
Fri, 18 Jan 2019 06:09:43 +0000
Missouri Department of Insurance, Financial Institutions & Professional Registration (DIFP) Director Chlora Lindley-Myers has been appointed chair of the Market Regulation and Consumer Affairs (D) Committee for the National Association of Insurance Com...
Fri, 18 Jan 2019 06:02:57 +0000
Between 2015 and 2017, Texas experienced a record number of tornadoes, hailstorms and a hurricane, but the state finally got a reprieve from all of the destructive weather in 2018, the Insurance Council of Texas (ICT) reported. Prior to last …
Fri, 18 Jan 2019 06:00:51 +0000
Two companies battling for a share of more than $14 billion in mandated safety upgrades on U.S. railroads are set to collide in federal court to resolve a dispute over technology that prevents train accidents. Germany’s Siemens AG accuses U.S. …
Fri, 18 Jan 2019 05:43:53 +0000
Method Insurance Services has launched a specialty workers’ compensation program with Service American Indemnity Co. that focuses on an under-served market segment for challenging, high-hazard risks. The program will entertain middle market accounts wi...
Fri, 18 Jan 2019 05:34:49 +0000
A Florida jury has awarded nearly $500 million to the family of a woman fatally shot during an argument in a car in 2011. The family of 20-year-old Kalil McCoy of Jacksonville filed a wrongful death lawsuit against the man …
Fri, 18 Jan 2019 05:28:59 +0000
An unlicensed insurance adjuster has been arrested over unlicensed public adjusting activities and the filing of false and fraudulent liens on individuals’ homes following Hurricane Irma, according to a statement from the Florida Department of Financia...
Thu, 17 Jan 2019 22:23:17 +0000
Environmental risks continue to dominate long-term concerns, a new report shows. World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich Insurance Group, as well as academic advis...
Thu, 17 Jan 2019 17:43:22 +0000
Florida-based workers’ compensation carrier Normandy Insurance Co. is now offering workers’ compensation insurance to small, mid-size, and large businesses in Texas. This marks the fourth major expansion by the multi-state insurer in the past two years...
Thu, 17 Jan 2019 17:20:39 +0000
Michigan Senate Republicans have signaled their intent to make lowering high auto insurance premiums a top priority in the two-year session, proposing legislation that would make it optional for Michigan drivers to buy what is now mandatory unlimited m...
Thu, 17 Jan 2019 17:09:56 +0000
EPIC Insurance Brokers and Consultants has added Brandon Rich in its property/casualty practice in Houston as a client advocate, reporting to EPIC’s Southwest Region Managing Principal and Director KJ Wagner. Rich will be responsible for new business d...
Thu, 17 Jan 2019 17:04:22 +0000
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” from “a” of Brotherhood Mutual Insurance Co. (Brotherhood) in Fort Wayne, Indiana. The outlook for the ratings is …
Thu, 17 Jan 2019 16:59:13 +0000
Hull & Company LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all the assets of Izzo Insurance Services Inc., based in Bloomingdale, Illinois. Founded in 1980 by Karen Izzo, Izzo Insurance Services is a wholesale brokerage that …
Thu, 17 Jan 2019 16:45:18 +0000
Nearly three-in-five Californians whose community was impacted by a natural disaster report that homeowners or renters in their community have been displaced after the disaster and subsequently left the area to reside elsewhere. A poll conducted by a J...
Thu, 17 Jan 2019 16:22:20 +0000
The U.S. Geological Survey confirmed a 3.7 preliminary magnitude earthquake rattled the small city of Piedmont in northern California. The USGS says the tremor occurred on Wednesday at 4:42 a.m. The impacts of the earthquake were not immediately known....
Thu, 17 Jan 2019 16:06:17 +0000
San Francisco, Calif.-based Woodruff Sawyer has named Frank Mckenna senior vice president and national healthcare practice leader. Mckenna will be responsible for expanding and growing the current Healthcare practice. Mckenna was previously president o...
Thu, 17 Jan 2019 15:01:36 +0000
Reinsurance broker Guy Carpenter & Co. announced the formation of a new Global Capital Solutions Group as well as a series of leadership appointments that will become effective upon the closing of the acquisition of Jardine Lloyd Thompson Group plc. …
Thu, 17 Jan 2019 14:53:56 +0000
Idling in a long highway line of slowed or stopped traffic on a busy highway can be more than an inconvenience for drivers and highway safety officers. It is one of the most vulnerable times for “secondary accidents,” which often …
Thu, 17 Jan 2019 14:32:09 +0000
New York Governor Andrew Cuomo proposed banning stretch limousines from the state’s roads as part of a safety crackdown on large for-hire passenger vehicles following the deadliest U.S. transportation accident in nearly a decade. Twenty people were kil...
Thu, 17 Jan 2019 14:26:43 +0000
The Democratic governors of New York and New Jersey each set goals to legalize recreational marijuana as part of their 2019 agendas, declaring in separate State of the State speeches Tuesday that new laws should raise state revenue and redress …