This is from the Insurance Journal
Thu, 29 Jun 2017 02:59:37 +0000
The California Division of Workers’ Compensation has posted a report from the Rand Corp. with recommendations to prevent fraud in the workers’ compensation system. The Department of Industrial Relations last year requested that the Rand assess medical ...
Wed, 28 Jun 2017 21:53:04 +0000
The Workers’ Compensation Insurance Rating Bureau of California issued report containing estimated California workers’ compensation costs for 2016 based on insured employer experience. The report also reflects payments made by the California Insurance ...
Wed, 28 Jun 2017 16:52:15 +0000
A month after a 33-year-old worker died while working in an unprotected trench, U.S. Department of Labor Occupational Safety and Health Administration inspectors found another employee of the same Missouri plumbing contractor working in a similarly ...
Wed, 28 Jun 2017 16:45:39 +0000
U.S. Army Corps of Engineers officials are expected to begin repairing nine sections of a levee along the Black River in northeast Arkansas that was damaged by floods last month. Emergency workers are making plans to cover the holes in …
Wed, 28 Jun 2017 16:41:57 +0000
A company that operates a northwestern Indiana water park authorities closed after 11 children suffered chemical burns says it’s “profoundly sorry” for the injuries. An advertisement Seven Peaks Resorts placed in local newspapers says the children were...
Wed, 28 Jun 2017 16:35:43 +0000
Austin-based Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, has added Chris Scott as vice president of Finance. Scott brings to Watkins Insurance Group more than 15 years of expe...
Wed, 28 Jun 2017 16:33:41 +0000
Starr Companies has promoted Richard Bessinger to chief underwriting officer of Starr Indemnity & Liability Co., Starr Specialty Insurance Co. and Starr Surplus Lines Insurance Co. Bessinger has 25 years of experience in the insurance industry and long...
Wed, 28 Jun 2017 16:33:03 +0000
AXIS Insurance, a business segment of AXIS Capital Holdings Limited, has appointed Marc Nance executive vice president, Excess & Surplus Property. He is based in Chicago. Nance is responsible for growing and managing AXIS Insurance’s E&S property busin...
Wed, 28 Jun 2017 16:25:58 +0000
About 300 BP workers commute 150 miles by helicopter from the Louisiana coast to a deep-sea drilling platform in the Gulf of Mexico that can produce more oil in a day than a West Texas rig can pump in a …
Wed, 28 Jun 2017 15:16:42 +0000
Alliant Insurance Services Inc. has named Andrew Laing a producer within the company’s Alliant Americas middle market division. Laing will be based in Portland, Ore. and be responsible for the design and delivery of insurance and risk management soluti...
Wed, 28 Jun 2017 15:10:12 +0000
NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to Terry Scali, CEO of NFP’s P/C busine...
Wed, 28 Jun 2017 15:03:17 +0000
Honolulu, Hawaii-based DTRIC Insurance Company Ltd. is now wholly-owned by Aioi Nissay Dowa Insurance Co. Ltd., a subsidiary of the MS&AD Insurance Group in Japan. ADI has been DTRIC’s majority shareholder since 1992. This transaction completes ADI’s b...
Wed, 28 Jun 2017 14:56:20 +0000
California has taken another step on toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year’s Wells Fargo scandal passed a key …
Wed, 28 Jun 2017 14:22:56 +0000
Beef Products Inc. has settled its defamation and libel lawsuit against American Broadcasting Co. and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co., and Avila defamed the company …
Wed, 28 Jun 2017 13:16:00 +0000
The estimate for the property insurance market’s loss for tropical cyclone Debbie has risen to A$1.4 billion (US$1.1 billion) from an initial estimate of A$1.12 billion, according to PERILS, the independent Zurich-based organization that provides indus...
Wed, 28 Jun 2017 13:10:28 +0000
Arch Insurance announced additions to its travel insurance sales team. Cory Sobczyk and Dan Povondra have joined Arch Insurance as vice presidents of Business Development. Additionally, Lynn Barty has joined as regional sales director. The newcomers, w...
Wed, 28 Jun 2017 12:49:49 +0000
MS Amlin, the specialist global re/insurer, plans to re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Belgium in response to Brexit. MS Amlin said it will keep its global headquarters in London. MS Amlin is already an est...
Wed, 28 Jun 2017 12:37:31 +0000
Republicans and Democrats in Congress sparred on Tuesday over U.S. states setting rules for testing and deployment of self-driving cars and a proposal to allow automakers and technology companies to bypass existing regulations in introducing autonomous...
Wed, 28 Jun 2017 12:15:19 +0000
No state goes far enough to protect its residents from leading causes of preventable deaths and injuries – commonly known as “accidents” – on the road, in homes and communities and at work, according to the National Safety Council. Despite …
Wed, 28 Jun 2017 12:12:10 +0000
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of James Blacker as managing director of property and casualty. Blacker will take up his role in December and report to Chris Bonard, CEO – Ed Specialty. Blacke...
Wed, 28 Jun 2017 11:49:22 +0000
Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not disclosed. Zurich said it is becoming increasi...
Wed, 28 Jun 2017 11:00:08 +0000
Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft. As businesses increasingly become the target …
Wed, 28 Jun 2017 10:44:04 +0000
A former executive for a national construction company who, federal prosecutors say, stole $4.5 million from her employer and spent it on expensive cars and restaurant meals has been sentenced. Forty-six-year-old Wendy Collins pleaded guilty to wire fr...
Wed, 28 Jun 2017 10:40:06 +0000
Penn Community Bank, a Bucks County, Penn.-based independent, mutual financial organization, has hired three professionals to its administrative, lending, and insurance teams. Peter R. Palumbo joins Penn Community Bank as a mortgage loan officer, and R...
Wed, 28 Jun 2017 10:11:25 +0000
When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …
Wed, 28 Jun 2017 04:37:37 +0000
The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or appointed public official, or an emp...
Wed, 28 Jun 2017 04:21:35 +0000
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau Mutual Insurance Company (GFBMIC ) and …
Wed, 28 Jun 2017 04:20:08 +0000
A West Virginia city has filed a federal lawsuit seeking a $20 million insurance claim to cover damages at its hydroelectric plant. The Intelligencer reports that the lawsuit was filed this month in U.S. District Court in Wheeling. The city …
Wed, 28 Jun 2017 04:05:00 +0000
In its recent ruling that the cap on noneconomic damages for personal injury awards or settlements in medical negligence cases was unconstitutional, the Florida Supreme Court ignored why these caps were put into place—to ensure patients’ access to ca...
Wed, 28 Jun 2017 00:21:15 +0000
A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at companies including Rosneft ...
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