June 18, 2018

News You Can Use

Mon, 18 Jun 2018 05:07:07 +0000
The Mississippi Supreme Court has upheld the dismissal of a lawsuit filed over a 2009 helicopter accident that left its pilot partially paralyzed. Justices ruled 6-2 that a proper complaint was not filed by Rob Hammons of Greenwood against the …
Mon, 18 Jun 2018 05:00:46 +0000
The “fiduciary rule” is officially dead. The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments. The rule’s ...
Mon, 18 Jun 2018 05:00:18 +0000
FPI Management, a property company in California, wants to hire dozens of people. Factories from New Hampshire to Michigan need workers. Hotels in Las Vegas are desperate to fill jobs. Those employers and many others are quietly taking what once …
Mon, 18 Jun 2018 05:00:17 +0000
Wells Fargo & Co. said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a sales scandal related to phony bank accounts. The settlement, in …
Mon, 18 Jun 2018 05:00:14 +0000
Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. …
Mon, 18 Jun 2018 04:57:32 +0000
Members of the Professional Insurance Agents Southern Alliance (PIA South) elected Lorie Yauney to serve as chair of the group at its recent annual meeting. The PIA Southern Alliance is the nation’s sixth largest PIA affiliate, serving agents in Alabam...
Mon, 18 Jun 2018 04:55:34 +0000
Kentucky’s Democratic attorney general has filed a sixth lawsuit against a pharmaceutical company for deceptive marketing of opioid-based painkillers. Andy Beshear announced on Thursday that he has filed a lawsuit against Walgreens in Boone Circuit Cou...
Mon, 18 Jun 2018 04:52:12 +0000
A roller coaster that derailed in Florida had been put out of service by state inspectors twice in the past year and a half because of problems with the ride. Two riders fell 34 feet (10 meters) when their car …
Mon, 18 Jun 2018 04:01:40 +0000
Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a conventional cyber insurance ...
Fri, 15 Jun 2018 22:15:38 +0000
Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau. That revelation is expected in a full report on the state of Californi...
Fri, 15 Jun 2018 16:53:20 +0000
Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told Reuters. The Russian National Reinsurance Co. …
Fri, 15 Jun 2018 16:44:27 +0000
Federal safety officials have cited a Wisconsin roofing contractor for exposing employees to falls and other safety hazards at two separate job sites. Penalties proposed for Appleton roofing contractor Hector Hernandez by the U.S. Department of Labor’s...
Fri, 15 Jun 2018 16:21:38 +0000
A northern Iowa man was driving through a storm when his truck was lifted in the air and carried into a farm field. The Globe Gazette reports that 22-year-old Parker Brumm left Rockford on Saturday before the storm became severe …
Fri, 15 Jun 2018 16:16:49 +0000
Eleven former University of North Dakota women’s hockey players have filed a discrimination lawsuit seeking to reinstate the program that was cut 15 months ago. The federal complaint filed against the North Dakota University System alleges that the uni...
Fri, 15 Jun 2018 15:47:20 +0000
Research suggests the magnitude 6.0 earthquake that rocked California wine country in 2014 may have been caused by an expansion of Earth’s crust because of seasonally receding groundwater under the Napa and Sonoma valleys. The vineyard-filled valleys f...
Fri, 15 Jun 2018 15:40:33 +0000
There’s no denying the robust mergers and acquisition trend among wholesale brokers in the property/casualty insurance industry nationwide, and Texas is no exception. But some Texas wholesale brokers and managing general agents (MGAs) with fiercely ind...
Fri, 15 Jun 2018 15:38:55 +0000
Specialty insurer RLI Corp., based in Peoria, Illinois, named Seth A. Davis vice president, Corporate Services, and promoted Patrick D. Ferrell to vice president, Internal Audit. Davis will lead the company’s assessment of internal controls over financ...
Fri, 15 Jun 2018 15:36:11 +0000
Reinsurance broker JLT Re (North America) Inc. (JLT Re) has appointed Todd Burgener as executive vice president in Chicago. Burgener will be working closely with healthcare captive clients and prospects to develop tailored risk transfer solutions that ...
Fri, 15 Jun 2018 15:34:33 +0000
Ryanne Smith has joined London-based insurance broker, Miller, to further strengthen its energy capabilities for North American intermediaries and clients worldwide. Smith specializes in onshore energy. At Miller, she will be working with Daniel Nichol...
Fri, 15 Jun 2018 15:33:26 +0000
A former Dallas Cowboys cheerleader has filed a federal lawsuit against the team, alleging she wasn’t paid for all her work and made less money than the team’s male mascot. Erica Wilkins, who worked for the Cowboys from 2014 to …
Fri, 15 Jun 2018 15:32:20 +0000
The Oklahoma Workers’ Compensation Commission (WCC) has named Sarah Greenwalt as the agency’s new general counsel, effective June 25. Greenwalt most recently served as senior counsel to the administrator of the U.S. Environmental Protection Agency in W...
Fri, 15 Jun 2018 15:27:06 +0000
Seattle, Wash.-based PEMCO Insurance has named Venkata Karumuri a systems manager for the carrier’s digital business center. PEMCO also named Abeer Abu-Emarah manager of its underwriting department. Karumuri will lead the development and deployment of ...
Fri, 15 Jun 2018 15:15:16 +0000
Four bills sponsored by the California Department of Insurance that the department believes will strengthen consumer protections for wildfire survivors have passed the Senate Insurance Committee with unanimous, bipartisan votes. Assembly Bill 1772 woul...
Fri, 15 Jun 2018 15:00:53 +0000
Tapioca Express, a South El Monte, Calif.-based milk tea franchise, and two of its franchisees violated federal law by subjecting female employees to sexual harassment and forcing some to quit because of the abuse, the U.S. Equal Employment Opportunity...
Fri, 15 Jun 2018 14:32:55 +0000
Germany will allow interest groups to sue on behalf of consumers, taking a tentative step toward U.S.-style class-action lawsuits in a bid to make it easier to collect damages from big companies in the aftermath of Volkswagen AG’s diesel-cheating scand...
Fri, 15 Jun 2018 14:26:50 +0000
Government aviation inspectors allowed unsafe aircraft to operate in U.S. commercial flight operations, a whistleblower investigation has concluded. The Federal Aviation Administration’s own review confirmed the allegations, according to the Office of ...
Fri, 15 Jun 2018 14:12:29 +0000
The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone market in the U.K. and the rise of Amazon.com I...
Fri, 15 Jun 2018 13:45:02 +0000
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new transaction risk insurance line of business, e...
Fri, 15 Jun 2018 13:28:27 +0000
Global warming is on course to exceed the most stringent goal set in the Paris agreement by around 2040, threatening economic growth, according to a draft report that is the U.N.’s starkest warning yet of the risks of climate change. …
Fri, 15 Jun 2018 12:52:50 +0000
XL Catlin’s North America Construction insurance business has teamed up with construction tech start up, TradeTapp, to provide Subcontractor Default Insurance (SDI) clients with access to the platform that helps contractors do a better job of evaluatin...