This is from the Insurance Journal
Thu, 21 Feb 2019 17:44:13 +0000
Naperville, Illinois-based Instec, a provider of policy administration systems to insurance program and specialty markets, has hired CJ Lotter as senior solution architect. He joins Instec’s engagement management team responsible for overseeing the imp...
Thu, 21 Feb 2019 17:40:47 +0000
A Florida woman has been arrested for alleged unlicensed practice of public adjusting and grand theft related to Hurricane Irma, according to a statement from the Florida Department of Financial Services. Mary Bruce is accused of attempting to steal mo...
Thu, 21 Feb 2019 17:36:14 +0000
Houston-based insurance broker, Frank Medina, has launched Insurance Agent Near Me, an online tool that connects customers with reputable insurance agents in their vicinity. Insurance Agent Near Me lists all the major insurance products that are being ...
Thu, 21 Feb 2019 17:20:14 +0000
Austin officials say a warehouse fire wiped out one-fifth of the city’s pedicabs just weeks before the South by Southwest festival, one of the busiest times for bicycle rickshaw operators. The Austin Fire Department reports that two companies, Metrocyc...
Thu, 21 Feb 2019 17:18:43 +0000
A federal judge ordered a shipping company to pay $2 million in fines after one of its tankers illegally dumped oily waste into the Gulf of Mexico off the coast of Louisiana. Interorient Marine Services Limited was fined Feb. 13 …
Thu, 21 Feb 2019 17:15:57 +0000
A lawsuit says a northern Indiana city shares responsibility for a crash that killed two children and a man who were walking along a sidewalk. Authorities say Leonard Grosswiler was driving in August 2017 when his vehicle struck five pedestrians …
Thu, 21 Feb 2019 17:14:13 +0000
The University of Illinois’ Gies College of Business has Lynne McChristian and Corrie Proksa to lead its insurance and risk management programs. McChristian has been named director of the Office of Risk Management and Insurance Research (ORMIR), Proksa...
Thu, 21 Feb 2019 17:08:12 +0000
The North Dakota Insurance Department has appealed a ruling from a U.S. District Court invalidating a law protecting individuals with health insurance from receiving large and unexpected balance bills to the 8th Circuit Court of Appeals, North Dakota I...
Thu, 21 Feb 2019 16:46:50 +0000
One of Alabama’s largest coal companies has agreed to pay $775,000 in penalties related to air pollution violations near Birmingham. Al.com reported Feb 12. that the proposed Drummond Company settlement comes nearly eight years after violations were di...
Thu, 21 Feb 2019 16:43:28 +0000
A Nashville restaurant is facing multiple lawsuits after at least 20 customers reported becoming infected with salmonella. According to WKRN-TV, the four lawsuits are each seeking up to $1.5 million in damages from Milk and Honey following the August f...
Thu, 21 Feb 2019 16:40:14 +0000
Bruce Carnegie-Brown, chairman of Lloyd’s, issued this market bulletin on Feb. 18, 2019 about the life and death of Sir David Rowland, who was chairman of the market between 1993 and 1997. It is with great sadness that I am …
Thu, 21 Feb 2019 16:29:17 +0000
A chemical maker’s North Carolina plant may have broken federal law by failing to notify the U.S. Environmental Protection Agency before it started manufacturing and repurposing new industrial compounds, the agency said this week. The Chemours Co. also...
Thu, 21 Feb 2019 16:01:36 +0000
Aquiline Capital Partners LLC, a private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Walnut Creek, Calif.-based Relation Insurance Services from private equity firms Parthenon Capital a...
Thu, 21 Feb 2019 15:47:19 +0000
San Diego, Calif.-based Cavignac & Associates has named Jessica Rodriguez an account administrator within the agency’s surety department. Rodriguez serves as the client contact within the department for processing bond requests. She has experience in b...
Thu, 21 Feb 2019 14:19:15 +0000
Apax VIII, a fund advised by Apax Partners, has agreed to sell its entire stake in AssuredPartners, a growing U.S. insurance brokerage, to an investor group led by GTCR, a Chicago-based private equity firm. GTCR previously owned AssuredPartners from its …
Thu, 21 Feb 2019 14:13:20 +0000
South African insurer Discovery could expand through acquisitions in the future but must first work out how its innovative fluctuating premiums, based on clients’ lifestyle behaviors, could be applied to more traditional businesses. Discovery has spent...
Thu, 21 Feb 2019 14:01:36 +0000
Flood insurance company Neptune Flood has partnered with online Hippo Insurance to provide consumers with quick access to flood insurance as part of purchasing of home insurance. Hippo promises quick processing and modernized home insurance coverage at...
Thu, 21 Feb 2019 13:55:04 +0000
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating to “bbb” from “a” of American Sentinel Insurance Company of Harrisburg...
Thu, 21 Feb 2019 13:47:40 +0000
The family of a Massachusetts woman killed on her way to work when a 200-pound manhole cover flew up and crashed through her vehicle’s windshield has sued the state Transportation Department and two contractors. The wrongful death suit filed by …
Thu, 21 Feb 2019 13:38:41 +0000
The Vermont Agency of Transportation is getting more than $2 million for safety upgrades along the route of the Amtrak Vermonter, addressing conditions that resulted in a 2015 derailment. The money from the Federal Railroad Administration will be used ...
Thu, 21 Feb 2019 13:29:43 +0000
Insurtech TrĹŤv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. TrĹŤv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan, Tennessee and Washington, D.C....
Thu, 21 Feb 2019 13:10:56 +0000
A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers, according to a report issued by Beazley Breach Respo...
Thu, 21 Feb 2019 13:08:56 +0000
NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this yea...
Thu, 21 Feb 2019 12:58:08 +0000
Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren’t using ETFs more than a year after the National Association of …
Thu, 21 Feb 2019 12:50:02 +0000
A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not have power to tell the White …
Thu, 21 Feb 2019 12:39:10 +0000
Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line. The c...
Thu, 21 Feb 2019 10:39:37 +0000
Global broking network Brokerslink has appointed Christos Gavriel to the role of regional manager for Europe. Gavriel has a strong background in insurance having previously held various international roles at AIG before going on to set up and manage his …
Thu, 21 Feb 2019 10:02:01 +0000
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. Danske is being investigated in its home market of Denmark, Estonia, Britain, France an...
Thu, 21 Feb 2019 09:44:24 +0000
Reinsurer Swiss Re on Thursday posted a 27.2 percent jump in 2018 net profit, despite claims from large-scale natural catastrophes and man-made disasters. Net profit for the full year came in at $421 million, compared with $331 million a year …
Thu, 21 Feb 2019 09:28:37 +0000
Net profits at AXA, Europe’s second biggest insurer, fell sharply as a result of charges related to its U.S. unit’s initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year. Its 2018 …
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