December 11, 2017
Mon, 11 Dec 2017 16:40:07 +0000
Thirteen pension funds in regions and administrative units around China only have enough money to pay less than one year’s worth of pensions, media reported on Monday, as the country struggles with an aging population and shortfalls in the nation’s …
Mon, 11 Dec 2017 16:27:30 +0000
New Mexico’s congressional delegation is asking the federal government for help as a Native American community in the state is recovering from the effects of severe weather and flooding. The delegation says a storm in early October damaged roads, bridg...
Mon, 11 Dec 2017 16:25:35 +0000
A week of destructive fires in Southern California is ending but danger still looms. Well into what’s considered the wet season, there’s been nary a drop of rain. That’s good for sun-seeking tourists, but could spell more disaster for a …
Mon, 11 Dec 2017 16:17:22 +0000
Commercial insurance prices in the U.S. were again nearly flat during the third quarter of 2017. Price changes reported by carriers averaged less than one percent for the ninth consecutive quarter, following a moderating trend in price increases that b...
Mon, 11 Dec 2017 16:07:44 +0000
The trade group representing U.S. drugmakers said it has a filed a lawsuit to stop California from implementing a law aimed at reining in prescription drug prices. The Pharmaceutical Research and Manufacturers of America, in a statement, said it filed …
Mon, 11 Dec 2017 15:54:56 +0000
The initial insured property loss estimate for Extratropical Cyclone Herwart, which hit Austria and Germany on Oct. 29, 2017, is €252 million ($337.3 million), according to PERILS, the independent Zurich-based organization that provides industry-wide...
Mon, 11 Dec 2017 13:49:18 +0000
A Vermont man whose mother and grandfather died in mysterious circumstances must turn over information related to a missing gun, as well as phone and other records, in a Rhode Island lawsuit over insurance on his sunken boat. Nathan Carman …
Mon, 11 Dec 2017 13:46:04 +0000
McKesson Corp.’s board failed to audit the company’s system to spot suspicious shipments of opioid-based painkillers even after agreeing to do so as part of a settlement, according to a summary of board minutes unsealed Friday in a shareholder lawsuit. …
Mon, 11 Dec 2017 13:43:40 +0000
Erie Insurance has promoted Dionne Wallace Oakley to executive vice president of Human Resources and Strategy. The appointment is effective Jan. 1, 2018. In this role, she will expand her oversight to include several strategic functions. Wallace Oakley...
Mon, 11 Dec 2017 13:30:28 +0000
BroGue Insurance & Financial Services, a Bangor, Maine-based independent insurance agency, has hired Timothy Guerin as an insurance agent. Guerin’s insurance sales career began with Liberty Mutual Insurance. BroGue offers personal, business, life and h...
Mon, 11 Dec 2017 11:48:58 +0000
French President Emmanuel Macron this week will seek to breathe new life into the fight against global warming and sway debate away from skeptics of the process led by U.S. President Donald Trump. At a series of events in Paris …
Mon, 11 Dec 2017 11:27:04 +0000
Validus Holdings Ltd. has announced three senior leadership appointments as a result of a structural change for the company that creates three, new reportable divisions: Reinsurance, Insurance and Asset Management. Kean Driscoll was named global head o...
Mon, 11 Dec 2017 06:58:13 +0000
Scott Margraves has been elected to serve as president of the Independent Insurance Agents of Houston (IIAH) for a term that expires Aug. 31, 2018. Margraves is a commercial lines producer for TDECU Insurance Agency LLC. He has been with …
Mon, 11 Dec 2017 06:00:30 +0000
Digital insurer Lemonade says companies that integrate its insurance sales platform, or API, into their own apps and web sites “generally speaking do not have to be licensed as insurance agents or brokers.” At the same time, the insurer said …
Mon, 11 Dec 2017 06:00:27 +0000
Uber Technologies Inc. and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to …
Mon, 11 Dec 2017 06:00:27 +0000
It’s good for a boss to be humble – as long as that’s what the firm’s employees expect. Some workplace teams showed more creativity if the employees rated their bosses as showing more humility, Ohio State researchers studying workplaces in …
Mon, 11 Dec 2017 06:00:08 +0000
U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted in a new report. “While performance is like...
Mon, 11 Dec 2017 05:48:39 +0000
An unusually heavy December snowfall across much of the Deep South tapered off Saturday, but icy road conditions left problems and thousands remained without electricity throughout the region. Forecasters warned that moisture on the roadways could free...
Mon, 11 Dec 2017 05:43:41 +0000
Officials say 41 students in Kentucky have been injured in a crash involving three school buses. Jefferson County Public Schools spokesman Daniel Kemp told news outlets the crash happened Thursday morning on a highway in Louisville as the students were …
Mon, 11 Dec 2017 05:41:40 +0000
Atlas Insurance Management, a captive insurance management firm, has hired Gail Olsen as senior vice president – Finance & Compliance. Based in the firm’s Charlotte, N.C., office, Olsen brings to Atlas over 25 years of experience as a finance executi...
Fri, 08 Dec 2017 16:12:20 +0000
The FBI is joining efforts to prevent fraud related to Northern California wildfire recovery efforts. Nearly two dozen blazes ripped through the region in mid-October, destroying 8,800 structures and 245,000 acres of land. The FBI announced Wednesday i...
Fri, 08 Dec 2017 16:03:29 +0000
The California Division of Workers’ Compensation will adopt an evidence-based drug formulary for medical providers treating injured workers beginning Jan. 1, 2018, following approval by the Office of Administrative Law. The DWC will host two informatio...
Fri, 08 Dec 2017 15:51:45 +0000
A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires, according to a CoreLogic report issued on …
Fri, 08 Dec 2017 14:39:55 +0000
A Vermont man denied in court papers Wednesday allegations that he killed his millionaire grandfather in 2013 and claims he doesn’t know the whereabouts of his mother who disappeared after a boat they were on sank off Rhode Island. Nathan …
Fri, 08 Dec 2017 14:33:47 +0000
Eliclade’s Service Inc. of Cranston, R.I., recently joined Satellite Agency Network (SAN) Group Inc., an alliance of independent insurance agencies in the Northeast. Through this affiliation, Eliclade’s Service can offer clients a larger variety of ins...
Fri, 08 Dec 2017 14:30:08 +0000
Distinguished LLC, a New York, N.Y.-based group of entrepreneurial businesses serving the insurance industry, has acquired American Hole ‘n One (AHNO), a global hole-in-one and event promotions company. In tandem with the AHNO acquisition, Distinguishe...
Fri, 08 Dec 2017 14:22:50 +0000
Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Delmarva Surety in a move that extends its Mid-Atlantic footprint while adding specialized contract surety expertise. Terms of the deal were ...
Fri, 08 Dec 2017 13:27:11 +0000
Many independent U.S. truckers are pushing President Donald Trump to back his anti-regulatory rhetoric by delaying an Obama-era rule requiring electronic monitors in trucks, a measure some drivers fear could put them out of business due to extra costs....
Fri, 08 Dec 2017 13:21:08 +0000
From the very start of his presidency, Donald Trump has made it a high priority to reduce the level of federal regulation. And in 2017, the stock market has boomed. Many business leaders believe that this is hardly a coincidence, …
Fri, 08 Dec 2017 12:59:17 +0000
London’s financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU. The agreement on Friday paves the way for arduous trade …