February 17, 2018
Fri, 16 Feb 2018 19:20:04 +0000
Aspen Insurance Holdings confirmed on Friday, Feb. 16 that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company’s 2017 catastrophe losses. The move was made in response to CEO Chris O’...
Fri, 16 Feb 2018 17:47:04 +0000
A blood disorder led to the unlawful firing of three laborers at a Texas-based petro-chemical contractor, federal officials say. the U.S. Equal Employment Opportunity Commission (EEOC) has charged in a lawsuit that Signature Industrial Services LLC (SI...
Fri, 16 Feb 2018 17:24:11 +0000
A Detroit suburb agreed to a $1.25 million settlement in a lawsuit filed by the family of a woman who was fatally shot by police near a shopping mall, according to a document released on Feb. 15. A Dearborn officer …
Fri, 16 Feb 2018 17:19:53 +0000
State health officials say people who visited a Taco Bell restaurant in northeast Arkansas may have been exposed to hepatitis A after an employee tested positive for the virus. The health department says the affected restaurant is in Corning, about …
Fri, 16 Feb 2018 17:14:55 +0000
Associated Benefits and Risk Consulting (ABRC) announced it will acquire Diversified Insurance Solutions (Diversified), based in Milwaukee, Wisconsin. The transaction is expected to close next month. Terms of the transaction were not disclosed. Based i...
Fri, 16 Feb 2018 17:13:41 +0000
A former Lubbock, Texas, insurance agent has been sentenced to life in prison and ordered to pay back $810,000 to his victims, the Texas Department of Insurance (TDI) reported. Officers with the Texas Department of Insurance Fraud Unit found that …
Fri, 16 Feb 2018 16:14:55 +0000
A judge has ruled that the owner of two rental car companies in Phoenix, Ariz. must pay $1.85 million for defrauding Arizona consumers. The verdict was announced this week by the Arizona Attorney General’s Office. State prosecutors filed a consumer …
Fri, 16 Feb 2018 16:12:12 +0000
Rocky Mountain Power has been cited with a safety violation for the death of a miner in September. Jaimie Olivas was killed in the Bridger Underground Coal Mine when part of a wall of coal collapsed on him. The Casper …
Fri, 16 Feb 2018 16:09:54 +0000
Los Angeles has issued licenses to nearly 100 marijuana retailers but police estimate there are at least two times that number operating illegally in the city and undercutting those who are playing by the rules. Police have shut down eight …
Fri, 16 Feb 2018 15:15:25 +0000
New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State, including those that hold a money transmitter license, that they are required to implement measures designed to dete...
Fri, 16 Feb 2018 15:08:15 +0000
Motor vehicle accidents claimed 40,100 deaths in 2017, almost the same as in 2016 when 40,327 were reported. The National Safety Council says its preliminary 2017 estimate is six percent higher than the number of deaths in 2015 and, if …
Fri, 16 Feb 2018 15:05:51 +0000
A Virginia woman has been sentenced to four years in prison for an identity fraud scheme that included publishing a fake death notice. The Daily Press reports 50-year-old Alexandra Hatcher also has to pay almost $203,000 in restitution to victims …
Fri, 16 Feb 2018 14:43:46 +0000
Maryland Attorney General Brian E. Frosh has announced that Jamar Marlyn Jones, of Edgewood, Md., pleaded guilty and was sentenced on one count of a felony theft scheme having a value of at least $10,000 but less than $100,000. “Insurance …
Fri, 16 Feb 2018 14:35:28 +0000
XL Catlin announced the appointment of Phil Xue as chief executive officer (general manager) of XL Insurance (China) Co. Ltd. The appointment is pending regulatory approval. Xue will also act as country manager for XL Catlin in China, coordinating all …
Fri, 16 Feb 2018 14:02:59 +0000
Zurich Insurance has launched ZurichEmpresas.es, a new digital distribution channel, which initially will provide insurance solutions for small-and-medium-sized enterprises (SMEs) in Spain. The platform, powered by CoverWallet, will provide end-to-end ...
Fri, 16 Feb 2018 13:37:15 +0000
President Donald Trump’s nominee to lead the Federal Trade Commission said he’s “very concerned” about price increases for prescription drugs and will explore forming a task force to monitor whether higher prices are due to anti-competitive conduct. Jo...
Fri, 16 Feb 2018 12:59:59 +0000
Initial insured losses for Extratropical Cyclone Burglind (also known as Eleanor) are estimated at 643 million (US$802.5 million), according to PERILS, the Zurich-based organization that provides industry-wide catastrophe insurance data. On Jan. 2-3, t...
Fri, 16 Feb 2018 11:34:53 +0000
London’s transport authority unveiled proposed new rules for private hire taxi companies such as Uber by requiring them to limit working hours for their drivers, share data on travel patterns and ensure provision of wheelchair-accessible vehicles. Comp...
Fri, 16 Feb 2018 10:37:14 +0000
Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh and Microsoft Corp. In the …
Fri, 16 Feb 2018 10:19:14 +0000
A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the dividend for 2017 by 5.3 percent to 8 euros …
Fri, 16 Feb 2018 09:18:04 +0000
Siemens AG is joining with companies including Airbus SE and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in damage over the next five years. The group plans to sign a charter Friday at …
Fri, 16 Feb 2018 08:27:49 +0000
Britain’s government is ready to push for the kind of Brexit plan for financial services that the City of London has long favored, but which has already run into opposition in Brussels, two government officials said on Friday. London is …
Fri, 16 Feb 2018 06:00:56 +0000
It happens in so many workplaces — two colleagues begin a romantic relationship. But a heightened awareness about sexual harassment means small business owners can get more anxious when employees start dating. Many owners have consulted with employme...
Fri, 16 Feb 2018 06:00:33 +0000
A helicopter’s crash landing in South Carolina this week may have been triggered by a civilian drone, which would make it the first drone-related crash of an aircraft in the U.S. The incident on Wednesday involved a student pilot and …
Fri, 16 Feb 2018 06:00:23 +0000
The chair of a congressional committee on Thursday urged U.S. railroads and transit agencies to meet a looming deadline to install an anti-crash technology called positive train control after a series of recent crashes. “I think the American public is …
Fri, 16 Feb 2018 06:00:19 +0000
The United States on Thursday publicly blamed Russia for carrying out the so-called NotPetya cyber attack last year that crippled government and business computers in Ukraine before spreading around the world. The statement by the White House came hour...
Fri, 16 Feb 2018 05:51:28 +0000
Hub International, a global insurance brokerage, is forming new industry specialty practices as part of its strategy to be a specialist broker offering tailored insurance products for its business clients. The first eight industry specialty practices i...
Fri, 16 Feb 2018 05:32:35 +0000
A Georgia insurance agent from Pierce County has been arrested and charged with 28 counts of insurance fraud, according to a statement from Georgia Insurance Commissioner Ralph Hudgens. Dana Larson Bowen, 52, of Blackshear, Ga., is alleged to have misa...
Fri, 16 Feb 2018 05:22:13 +0000
State officials have announced an online tool to join Kentucky’s fight against opioid drug abuse. Gov. Matt Bevin’s administration says the website – FindHelpNowKY.org – allows people to search in real-time for a local substance use disorder treatm...
Fri, 16 Feb 2018 05:06:08 +0000
Eighteen states, the U.S. Chamber of Commerce, national coal industry interests and more than a dozen other groups are urging an appeals court to overturn a coal ash cleanup order at a federal utility’s Tennessee plant, contending the decision will …