Mon, 17 Feb 2020 22:06:12 +0000
TRAVIS AIR FORCE BASE, Calif./GENEVA, Feb 17 —More than 300 American cruise liner passengers, including 14 who tested positive for coronavirus, were flown home to military bases in the United States after two weeks under quarantine off Japan. The cru...
Mon, 17 Feb 2020 14:44:26 +0000
A Missouri jury’s $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF has raised the stakes for the two companies as at least 140 similar cases head to U.S. courts later this …
Fri, 14 Feb 2020 17:59:20 +0000
Days of torrential rain across the Southeast left residents to deal with rising rivers, falling trees, weakened dams and mudslides Thursday as storms finally subsided. An Alabama town asked residents to cut back on water usage after a pumping station …
Fri, 14 Feb 2020 17:57:43 +0000
Soaking rains caused part of a hillside to collapse in southern West Virginia and prompted a flood warning along the Ohio River. Highways officials said high water forced road closings in multiple counties Thursday. Near Williamson, a rock slide Wednes...
Fri, 14 Feb 2020 17:33:43 +0000
A Kirkwood, Mo., man has been sentenced to 48 months in federal prison and ordered to pay approximately $3.8 million in restitution after being convicted of stealing that amount from his former employer, the U.S. Attorney’s Office for the Eastern …
Fri, 14 Feb 2020 17:19:10 +0000
The Surplus Lines Stamping Office of Texas (SLTX) reported that new rules for surplus lines agents in Texas who are military spouses have been adopted by the Texas Department of Insurance (TDI) and became effective Feb. 6, 2020. A new …
Fri, 14 Feb 2020 17:09:08 +0000
School teachers in Oklahoma with a gun license would be able to carry firearms into their classrooms with district approval under a bill approved in the state Senate. The bill, approved on a 37-7 vote mostly along party lines, passed …
Fri, 14 Feb 2020 16:54:13 +0000
The Ohio House has once again approved a measure covering post-traumatic stress disorder for emergency responders who haven’t suffered a physical injury. Police and firefighters have been pushing for the coverage under the state insurance fund for inju...
Fri, 14 Feb 2020 16:04:15 +0000
A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous Great Blue Hole, a popular diving site. The 200-foot (61 meter) Samadhi, owned by Third Point founder Loeb, was filmed …
Fri, 14 Feb 2020 16:03:58 +0000
Researchers at the University of Alabama at Birmingham have published what they believe is the first look by medical science at injury rates of professional athletes from Ultimate, originally known as Ultimate Frisbee, an increasingly popular sport. Th...
Fri, 14 Feb 2020 16:00:51 +0000
American International Group said it will invest $1.3 billion over the next three years in its massive AIG 200 initiative, which is designed to revamp and improve core processes, technology infrastructure and services. The company has broken down the e...
Fri, 14 Feb 2020 15:43:16 +0000
Toxic and invisible oil spread well beyond the known satellite footprint of the 2010 Deepwater Horizon oil spill, according to a new study. Scientists at the University of Miami (UM) Rosenstiel school of Marine and Atmospheric Science say their findings …
Fri, 14 Feb 2020 15:39:39 +0000
AssuredPartners Inc. has acquired Nevada West Business Insurance Agency Inc. in Las Vegas, Nev. The team of five will remain under the operational leadership of Jeff Maren. Terms of the deal weren’t disclosed. Nevada West Business Insurance Agency curr...
Fri, 14 Feb 2020 15:37:47 +0000
An earthquake with a preliminary magnitude of 4.0 shook California’s central coast on Wednesday but no damage or injuries were immediately reported, the U.S. Geological Survey confirmed. The quake that hit at 7:33 p.m. on the San Andreas Fault was …
Fri, 14 Feb 2020 14:53:29 +0000
As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one of the biggest topics of the next 10 years,” a well-known insurance analyst predicted at an industry con...
Fri, 14 Feb 2020 14:34:35 +0000
Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. Neither side disclosed financial details. Paris-based SC...
Fri, 14 Feb 2020 14:20:20 +0000
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known as Sabine) will range between €1.1 billion and €1.9 billion (US$1.2 billion and US$2.1 billion), with the majority o...
Fri, 14 Feb 2020 13:11:28 +0000
B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have been concluded on its platform, including some of the most complex catastrophe excess of loss (XoL) reinsurance treaties...
Fri, 14 Feb 2020 13:08:15 +0000
Current and former employees of a Pennsylvania school district claimed in a lawsuit filed Monday that officials knew for years that unsafe levels of lead and asbestos posed potential health risks for students and staff but never disclosed the informati...
Fri, 14 Feb 2020 13:05:22 +0000
Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take effect in April. Scott’s administration said the reductions are part of a trend in workers’ compensation rates, which have de...
Fri, 14 Feb 2020 12:59:35 +0000
A man convicted of conspiring to set fire to his Maryland business to collect insurance money has been sentenced to 15 years in federal prison. The office of the U.S. Attorney in Maryland said Demetrios Stavrakis, 54, of Lutherville-Timonium, was …
Fri, 14 Feb 2020 12:56:54 +0000
Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the practice completely unaccepta...
Fri, 14 Feb 2020 07:15:25 +0000
As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far worse: Two-thirds of the world’s population could catch it. So says Ira Longini, an adviser to the World Health Organizat...
Fri, 14 Feb 2020 07:15:04 +0000
Australia’s central bank chief Philip Lowe warned of wide-ranging economic and financial impacts from climate change, after his drought-stricken nation suffered some of its worst wildfires ever. Speaking on a panel with his Canadian counterpart, Lowe p...
Fri, 14 Feb 2020 06:53:03 +0000
The Auto Club Group (ACG) and AAA Carolinas have merged and combined operations, it was announced last month. With North and South Carolina part of The Auto Club Group family, the company now serves more than 13.5 million members and …
Fri, 14 Feb 2020 06:52:01 +0000
Valley Insurance Agency Alliance (VIAA), based in St. Louis, Missouri, has promoted Robert Qaoud to director of Performance His responsibilities include providing resources to member agencies, integrating new members into the alliance, and maintaining ...
Fri, 14 Feb 2020 06:48:59 +0000
Austin, Texas-based Watkins Insurance Group has expanded its executive team with the addition of Jim Siddons and Chris Scott as new shareholders. These appointments increase Watkins Insurance Group executive team to 11. Siddons joined the insurance age...
Fri, 14 Feb 2020 06:41:53 +0000
Days of rain have left parts of Alabama awash in millions of gallons of dingy water that overflowed from sanitary sewer systems. On Wednesday, reports submitted to the Alabama Department of Environmental Management showed that more than 18.5 million ga...
Fri, 14 Feb 2020 06:37:53 +0000
After years of setbacks, medical marijuana advocates in Kentucky gained momentum Wednesday when a House committee overwhelmingly approved a bill to legalize medical cannabis. The House Judiciary Committee advanced the measure on a 17-1 vote. The bill m...
Fri, 14 Feb 2020 06:00:44 +0000
Idaho insurance agent Misty A. Adams was taken into custody this week after being sentenced for insurance fraud. A licensed insurance producer from Idaho Falls, Adams, 45, reportedly backdated her son’s auto insurance policy after he was involved in a …