Fri, 09 Apr 2021 20:30:45 +0000
Los Angeles will pay nearly $1.6 million to settle three lawsuits involving alleged wrongdoing by the city’s police department, a newspaper reported. The City Council voted 12-1 this week to approve the payouts, which include $1.15 million for the shoo...
Fri, 09 Apr 2021 19:45:56 +0000
Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as possible. The IRS considers that many micro-captive arrangements are not really about insurance. Th...
Fri, 09 Apr 2021 16:59:10 +0000
State health officials are investigating two cases of hepatitis A in Jackson County restaurant employees. The cases potentially led to exposure for customers, The Mississippi State Department of Public Health said. Two employees of Brady’s Steaks and S...
Fri, 09 Apr 2021 16:56:38 +0000
A bill backed by the Florida insurance industry and other stakeholders aimed at addressing the state’s insurance market woes was passed in the Senate chamber this week but faces an uncertain future as the companion bill in the Florida House …
Fri, 09 Apr 2021 16:44:34 +0000
Carjackings are on the rise in New Orleans, authorities say. Carjackings are up more than 60% compared to last year, WGNO-TV reported. So far in 2021, more than 70 people have been victims of the crime in New Orleans compared …
Fri, 09 Apr 2021 16:32:24 +0000
This wrap-up of International People Moves details recent appointments at Hiscox, Canopius, IGI and HDI Global. A summary of these new hires follows here. Hiscox Specialist global insurer Hiscox has appointed Robert Dietrich as the new CEO of Hiscox Eu...
Fri, 09 Apr 2021 16:27:08 +0000
A medical marijuana bill on Wednesday cleared its first major hurdle in the Alabama House of Representatives. The House Judiciary Committee approved the bill after lengthy debate and multiple amendment attempts. The bill now goes to the Health Committe...
Fri, 09 Apr 2021 16:23:38 +0000
Indiana Farmers Insurance plans to enter the Ohio property/casualty insurance market this year. The Carmel, Indiana-based company, which distributes its products through independent insurance agents, will write commercial lines and farm insurance in Oh...
Fri, 09 Apr 2021 16:20:08 +0000
Distracted driving comes in second for the cause of traffic crashes in Texas, state transportation officials say. The Texas Department of Transportation (TxDOT) reports that one in five traffic crashes are caused by cell phone use and other distracted ...
Fri, 09 Apr 2021 16:09:27 +0000
One person was killed and eight others were injured in an explosion and fire on April 8 at a paint manufacturer’s plant in Ohio’s capital city, firefighters said. Authorities in Columbus were investigating what caused the explosion shortly after midnig...
Fri, 09 Apr 2021 15:54:01 +0000
Los Angeles-based wholesale insurance brokerage firm, Brown & Riding, has added JulieAnne Lenzsch and Bill Lally in the firm’s Houston office. Both Lenzsch and Lally have focused on property risks throughout their careers and specialize in real estate,...
Fri, 09 Apr 2021 15:38:28 +0000
AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown measures coincided with the countr...
Fri, 09 Apr 2021 14:44:34 +0000
Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediari...
Fri, 09 Apr 2021 14:42:42 +0000
A Seattle nursing home’s insurer has agreed to pay $8 million to settle a lawsuit brought on behalf of a disabled woman who was sexually assaulted while in the facility’s care. Foss Home and Village agreed to settle the 2019 …
Fri, 09 Apr 2021 13:52:59 +0000
The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG, Amwins, AXA XL, EY, Lloyd’s and The...
Fri, 09 Apr 2021 13:11:41 +0000
New York Digital Investment Group, an asset manager focused on bitcoin investments, has raised $100 million it will use to expand the use of bitcoin in insurance. The round comes just a month after announcing $200 million in new financing. …
Fri, 09 Apr 2021 13:04:57 +0000
Connecticut health officials are urging homeowners who rely on well water to have their systems checked for arsenic and uranium contamination. The advice comes as the result of a study by the U.S. Geological Survey released Tuesday that found almost …
Fri, 09 Apr 2021 13:01:59 +0000
Virginia became the first Southern state to legalize marijuana Wednesday, as lawmakers voted to approve Governor Ralph Northam’s proposed changes to a bill that will allow adults to possess and cultivate small amounts of the drug starting in July. Nort...
Fri, 09 Apr 2021 12:56:05 +0000
A judge in Maine has ruled that a woman who has impaired vision can go ahead with a claim against Uber, which she has said discriminated against her by refusing to allow her guide dog into a vehicle. The lawsuit …
Fri, 09 Apr 2021 12:44:26 +0000
Some LinkedIn data, including publicly viewable member profile, has been extracted and posted for sale, Microsoft Corp.’s professional networking site said based on an investigation. The incident was not a data breach and no private member account data...
Fri, 09 Apr 2021 09:18:17 +0000
Egypt will release the giant container ship that had blocked the Suez Canal for nearly a week once a deal is reached on compensation for related losses, the head of the canal’s authority said. “The ship is ready,” Osama Rabie …
Fri, 09 Apr 2021 08:23:01 +0000
China is reviving a sale of Dajia Insurance Group Co., the company that took over most of the operations of troubled Anbang Insurance Group Co., as the government seeks to turn the firm over to private investors, according to people …
Fri, 09 Apr 2021 06:00:09 +0000
Hub International Ltd., a Chicago-based insurance broker, announced that it has acquired Wessex Financial Inc. in Canada. Terms of the transaction were not disclosed. Located in Calgary, Alberta, Canada, Wessex Financial is an independent employee bene...
Fri, 09 Apr 2021 05:30:16 +0000
LONDON/LOS ANGELES – A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container …
Fri, 09 Apr 2021 05:21:31 +0000
Indiana legislators gave final approval to a bill that won’t require businesses to make accommodations for pregnant workers, despite an appeal from Gov. Eric Holcomb for a law requiring more protections. The proposal allows a pregnant employee to reque...
Fri, 09 Apr 2021 05:00:09 +0000
The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top SEC official made clear that despit...
Fri, 09 Apr 2021 05:00:06 +0000
Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long insurance battle. “It …
Fri, 09 Apr 2021 05:00:02 +0000
Hilb Group LLC (THG), a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia, has acquired Indiana-based Star Insurance Agency. Star Insurance Agency is a full-service agency, providing fast,...
Thu, 08 Apr 2021 21:10:18 +0000
A handful of workers’ compensation bills make their way through state Legislature every year that catch the attention of those watching the space – for better or worse. A few bills this year have a pair of industry watchers more …
Thu, 08 Apr 2021 19:22:35 +0000
The California FAIR Plan Association is publicly supporting a bill to amend the California Insurance Code to allow the FAIR Plan to write commercial coverage for permanent structures on farms. The California Fair Access to Insurance Requirements, or FA...