Thu, 25 Apr 2019 17:12:34 +0000
A bill to enable the California Earthquake Authority to expand mitigation programs cleared its first hurdle this week when it passed the Senate Insurance Committee. The Resilient Homes Initiative, Senate Bill 254, was authored and introduced in earlier...
Thu, 25 Apr 2019 16:57:32 +0000
Officials say Michigan traffic deaths dipped below 1,000 in 2018 for the first time since 2015. The Michigan State Police Criminal Justice Information Center announced Wednesday that Michigan traffic deaths totaled 974 in 2018, down 5% from 1,028 in 20...
Thu, 25 Apr 2019 16:30:48 +0000
Cover, a mobile-first insurance brokerage, has begun selling its own auto insurance policies in Texas. The new service — an evolution from the company’s nationally-licensed insurance brokerage — combines a streamlined process for buying policies, u...
Thu, 25 Apr 2019 16:21:35 +0000
Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK Holdings, the owners of Lloyd’s ...
Thu, 25 Apr 2019 16:13:53 +0000
No one was hurt when a Union Pacific train carrying ethanol derailed in a residential area in Fort Worth and caught fire. Union Pacific spokeswoman Kristen South says the train derailed at about 12:30 a.m. Wednesday near Echo Lake in …
Thu, 25 Apr 2019 16:10:19 +0000
Seeman Holtz Property & Casualty LLC has acquired Schwarz Insurance Agency Inc., headquartered in Prairie du Sac, Wisconsin, with six other offices across the state. Kathy Schwarz, an active employee of the Schwarz Insurance Agency since 1987 and a co-...
Thu, 25 Apr 2019 16:07:37 +0000
Minnesota Attorney General Keith Ellison has called on lawmakers to reverse a consequence of 2017 law that repealed the state’s ban on for-profit health maintenance organizations, saying for-profit companies could pocket billions in assets now held by ...
Thu, 25 Apr 2019 14:04:22 +0000
Arizona ended a decade of resistance to restrictions on using a cellphone while driving when Gov. Doug Ducey signed a law this week outlawing holding a phone behind the wheel. It is now the 48th state to ban texting and …
Thu, 25 Apr 2019 13:14:33 +0000
Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer. In a filing in California’s Court …
Thu, 25 Apr 2019 13:03:05 +0000
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of 6.2 percent. But 54 percent o...
Thu, 25 Apr 2019 12:57:51 +0000
Emergency officials in upstate New York are again preparing for possible flooding along Lake Ontario. Niagara County’s director of emergency services, Jonathan Schultz, says lake levels have risen about five inches in 10 days. Recent heavy rains, seaso...
Thu, 25 Apr 2019 12:54:34 +0000
The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn’t have his name on a museum wing, and his company isn’t within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 …
Thu, 25 Apr 2019 12:43:36 +0000
The National Transportation Safety Board faults law enforcement planning in a report on a double fatal crash during the United Bikers of Maine Toy Run in September 2017. The report, released Tuesday, said an unsafe maneuver by a motorcycle rider …
Thu, 25 Apr 2019 12:39:53 +0000
A gas company’s faulty equipment is the most likely cause of an explosion at a suburban Maryland apartment complex that killed seven people in 2016, according to federal report issued Tuesday. The explosion and fire at the Flower Branch apartments …
Thu, 25 Apr 2019 12:11:35 +0000
W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The insurer said its rate increases appear to be...
Thu, 25 Apr 2019 11:35:18 +0000
Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo De...
Thu, 25 Apr 2019 11:13:24 +0000
It’s a familiar and ominous story. A deadly pathogen with no known cure begins spreading in China. Rather than acknowledge the problem, officials throughout the Chinese government shut down media coverage, while underreporting infection and mortality r...
Thu, 25 Apr 2019 10:53:49 +0000
As bond yields evaporate globally, many Japanese insurers are looking to secure higher returns at home and abroad by diversifying into riskier corporate and other non-government bonds in the financial year that began this month. Officials at Japan’s to...
Thu, 25 Apr 2019 10:19:25 +0000
AXA XL announced the promotion of Charlotte Wilson to global head of portfolio solutions, with responsibility for developing and executing the team’s global strategy. Wilson will be part of Philippe Gouraud’s Global Strategic Distribution team and will...
Thu, 25 Apr 2019 09:53:42 +0000
French insurer AXA said on Wednesday that it had provided insurance coverage for a few artworks from Notre-Dame Cathedral for a maximum amount of a few million euros. The insurer had said last week that it provided insurance for a …
Thu, 25 Apr 2019 05:41:10 +0000
Cannasure Insurance Services (Cannasure), a Cleveland, Ohio-based managing general agent and wholesale insurance broker for the cannabis and hemp industries, hired Jenna Keesey as a senior underwriter in its growing MGA practice. Keesey is a package li...
Thu, 25 Apr 2019 05:23:09 +0000
Florida Governor Ron DeSantis has signaled his support of a property insurance reform bill passed by the Florida Senate Wednesday, saying in a statement Wednesday he will sign the legislation that the insurance industry and consumer advocates say will ...
Thu, 25 Apr 2019 05:04:37 +0000
The Ohio hospital system where an intensive care doctor is accused of ordering excessive doses of painkillers for dozens of patients who died is settling three resulting wrongful-death cases, while 24 more lawsuits are pending. The family of 78-year-ol...
Thu, 25 Apr 2019 05:00:50 +0000
Newfront Insurance in California has named Garett Kaneko head of carrier relations. Kaneko will manage external market relations and partner strategy as well as overall business and growth strategy for Newfront. Kaneko has more than 15 years of experie...
Thu, 25 Apr 2019 05:00:28 +0000
In a decision that could further help companies limit damages in disputes with workers, the U.S. Supreme Court on Wednesday ruled against a California man who was the victim of an online scam and sought to bring claims against his …
Thu, 25 Apr 2019 05:00:27 +0000
Ian Williams has joined SAIF as vice president of human resources. Williams will oversee all aspects of HR, including compensation and benefits, employee engagement and retention and recruitment. Most recently, he was vice president of human resources ...
Thu, 25 Apr 2019 05:00:24 +0000
The number of workplace injury claims continues to decline year after year despite significant changes in workforce demographics that experts thought would increase claims frequency, according to a report by the National Council of Compensation Insuran...
Thu, 25 Apr 2019 05:00:08 +0000
Facebook Inc. estimated that it will cost as much as $5 billion to resolve a U.S. investigation into its privacy practices, as the social-media company moves to put the fallout from the Cambridge Analytica scandal behind it. Facebook said Wednesday …
Thu, 25 Apr 2019 04:25:41 +0000
Brightway Insurance opened new stores in Florida and Tennessee on April 15. The new franchise owners include: Steve Moser who opened Brightway, The Steve Moser Agency of Belle Meade in Nashville, Tennessee. This is Brightway’s first agency to open in …
Thu, 25 Apr 2019 04:08:51 +0000
Alabama already has exceeded its yearly average for tornadoes with more than 50 twisters verified in the state so far in 2019. The National Weather Service tweets that Alabama has had 53 total tornadoes so far this year. That compares …