Mon, 21 Jan 2019 06:00:20 +0000
Transparency and culture awareness were the key takeaways from a panel discussion on top directors and officers’ claims trends that took place at this year’s Professional Liability Underwriting Society (PLUS) annual conference in San Diego. An audience...
Fri, 18 Jan 2019 21:41:52 +0000
The U.S. Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent of their qualified …
Fri, 18 Jan 2019 17:47:15 +0000
The Oklahoma agency that protects investors from fraud is investigating whether its data was breached after a cybersecurity research team discovered that a computer server had left millions of files unsecured and open to the public. Oklahoma Department...
Fri, 18 Jan 2019 17:43:04 +0000
Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to the new position of president and chief executive officer, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has b...
Fri, 18 Jan 2019 17:36:10 +0000
South Carolina’s capitol city has banned electric scooters for a year while the city studies the operation of companies providing the service. News outlets reported Columbia City Council voted Tuesday to prohibit the use of electric scooters to protect...
Fri, 18 Jan 2019 17:35:41 +0000
Arthur J. Gallagher & Co. has acquired Shreveport, Louisiana-based Interstate Insurance Underwriters LLC, the company announced. Terms of the transaction were not disclosed. Founded in 1963, Interstate Insurance Underwriters is a managing general agenc...
Fri, 18 Jan 2019 17:14:06 +0000
An Ohio man said on Jan. 16 he was stunned to learn of allegations that his wife’s hospital death last year was caused by a doctor’s order for a fatal dose of pain medication. David Austin said he called an …
Fri, 18 Jan 2019 17:10:21 +0000
An intensive care doctor ordered “significantly excessive and potentially fatal” doses of pain medicine for at least 27 near-death patients in the past few years after families asked that lifesaving measures be stopped, an Ohio hospital system announce...
Fri, 18 Jan 2019 16:40:43 +0000
California has endorsed a rule that will allow home marijuana deliveries statewide, even into communities that have banned commercial pot sales. The regulation by the state Bureau of Cannabis Control was opposed by police chiefs and other critics who p...
Fri, 18 Jan 2019 16:34:18 +0000
California Insurance Commissioner Ricardo Lara announced new members of his executive team, including the first Latina chief deputy in the history of the California Department of Insurance. The new executive team members join an existing leadership tea...
Fri, 18 Jan 2019 16:22:34 +0000
PG&E Corp. is so cash-starved that it won’t commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a lawyer for the utility …
Fri, 18 Jan 2019 15:47:51 +0000
AXA XL has completed the transfer of its European Union insurance company, XL Insurance Co. SE (XLICSE), from the UK to Dublin, Ireland. XLICSE is a wholly owned subsidiary within the AXA XL division of AXA Group, providing insurance within …
Fri, 18 Jan 2019 15:34:07 +0000
The National Association of Insurance Commissioners (NAIC) recently named 34 consumer liaison representatives for 2019. Established in 1992, the Consumer Liaison Program promotes consumer interaction with state insurance regulators at meetings and thro...
Fri, 18 Jan 2019 15:06:11 +0000
The Occupational Safety and Health Administration is reminding employers they face a Feb. 1 deadline. That is the deadline for employers to post a copy of OSHA’s form 300A, which summarizes job-related injuries and illnesses logged during 2018. Each ye...
Fri, 18 Jan 2019 14:39:42 +0000
Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier. The results were helped by a rare decline in overall losses and loss …
Fri, 18 Jan 2019 14:27:03 +0000
Economists call it the “old-age dependency ratio” – a rough measure of the balance between people who work and retirees. The ratio compares the number of people over age 65 – classified as “old” – with those aged 15 to …
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 give injured workers a way...
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. …