May 24, 2017
Wed, 24 May 2017 16:43:30 +0000
With hurricane season fast approaching, the Louisiana Department of Insurance is pointing out that in the last 18 months, nearly 90 percent of the state’s parishes have been included in major disaster declarations. The LDI is advising policyholders to ...
Wed, 24 May 2017 16:36:37 +0000
A.M. Best has revised the long-term issuer credit rating (long-term ICR) outlook to stable from positive and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICR of “bbb” of MGA Insurance Company Inc. (MGA), based in Dalla...
Wed, 24 May 2017 16:32:14 +0000
Meteorologists say seven tornados that occurred in northeast Oklahoma last week have received preliminary damage ratings. The Tulsa World reports tornados near Wagoner, Red Bird and Porter reached estimated wind speeds of up to 105 mph. The storms upro...
Wed, 24 May 2017 16:28:20 +0000
State regulators say an Iowa insurance agency accused of a deceptive practice has agreed to repay more than $1.3 million to local governments. The Des Moines Register reports that Two Rivers Insurance Co., which is based in Burlington, was accused …
Wed, 24 May 2017 16:25:57 +0000
The Dakota Access pipeline and a feeder line leaked more than 100 gallons of oil in North Dakota in separate incidents in March as crews prepared the disputed $3.8 billion pipeline for operation. Two barrels, or 84 gallons (320 liters), …
Wed, 24 May 2017 16:23:26 +0000
 Chicago-based medical professional liability insurer, ISMIE Mutual, is mourning the the loss of its late chairman, Harold L. Jensen, M.D. Jensen died unexpectedly on Monday, May 22, 2017. A strong and visionary leader, Dr. Jensen transformed ISMIE in...
Wed, 24 May 2017 16:18:38 +0000
Ironshore International’s Mergers & Acquisitions and Tax Insurance unit has enhanced its consortium programs to meet client and broker demand for larger, streamlined limits. Ironshore will increase the capacity for its Mergers & Acquisitions Consortiu...
Wed, 24 May 2017 14:47:43 +0000
The Massachusetts Supreme Judicial Court has ruled that an injured public employee is still eligible to receive workers’ compensation benefits after being suspended from employment. The court concluded that workers’ compensation benefits are not compen...
Wed, 24 May 2017 14:01:26 +0000
Insurance groups breathed a sigh of relief this week after legal scholars delayed a vote on a controversial restatement of liability insurance law. As reported by Insurance Journal, the American Legal Institute (ALI) on Tuesday formally decided to post...
Wed, 24 May 2017 13:55:03 +0000
A California bill that would eliminate health insurance companies and provide government-funded health coverage for everyone in the state would cost $400 billion and require significant tax increases, legislative analysts said. Much of the cost would b...
Wed, 24 May 2017 13:50:54 +0000
A magnitude 3.0 earthquake hit the island of Hawaii, the U.S. Geological Survey confirmed. The earthquake hit at 5:59 p.m. local time on Monday. Its epicenter was 12 miles (20 kilometers) north of Pahala, a town with a population of …
Wed, 24 May 2017 12:48:44 +0000
Target Corp. on Tuesday agreed to pay $18.5 million to settle claims by 47 states and the District of Columbia and resolve a multi-state investigation into the retailer’s massive data breach in late 2013. The investigation — led by the Attorneys …
Wed, 24 May 2017 12:41:55 +0000
President Donald Trump’s first budget request to Congress would cut or eliminate a range of programs designed to reduce greenhouse gas emissions, as well those helping communities prepare for more intense flooding or hurricanes expected to result from ...
Wed, 24 May 2017 12:24:21 +0000
Soldiers are to patrol British landmarks and sporting events in their biggest homeland deployment in decades, as security services warned that another attack by terrorists who killed 22 people at a pop concert on Monday was imminent. Prime Minister The...
Wed, 24 May 2017 11:54:38 +0000
Independent insurance agencies in Rhode Island have a new market for coastal homes – Spinnaker Insurance Company. Spinnaker’s New England distributor, Insurance Agency and Customer Service Company (IACSC) of New London, Conn., is offering selected agen...
Wed, 24 May 2017 10:52:40 +0000
tKg Wholesale Brokerage has hired Matt Wischnowsky as an account executive focused on professional liability. Wischnowsky brings more than ten years of experience to the position. Most recently, Wischnowsky served as the managing director of GT Pro, a ...
Wed, 24 May 2017 10:43:16 +0000
A group of former homeowners from a Vermont lakeside neighborhood hopes to recover some of the nearly $4 million they lost after they were forced to vacate. The Burlington Free Press reports the Mallets Bay Homeowner’s Association says the 24 …
Wed, 24 May 2017 10:15:11 +0000
Companies’ disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in th...
Wed, 24 May 2017 09:44:12 +0000
When a wave of ransom-requesting cyber attacks hit computers across the globe earlier this month, Leonardo SpA cyber-security experts had already warned clients that a larger-than-usual strike was about to hit. Now, the company is set to roll out a …
Wed, 24 May 2017 09:20:09 +0000
Bermuda Premier Michael Dunkley said the nation will be able to attract businesses even as U.S. President Donald Trump plans to reduce tax rates to help keep companies onshore. “One of the things that I find very comforting about Bermuda …
Wed, 24 May 2017 09:05:09 +0000
Swiss Re Corporate Solutions has appointed Fred Kleiterp as CEO Europe, Middle East, Africa (EMEA), effective July 1, 2017. In this role, Kleiterp will be responsible for managing the strategy, development and performance of the company’s presence in t...
Wed, 24 May 2017 09:00:48 +0000
EPIC Insurance Brokers and Consultants has added Nick Pedisich as an insurance broker/producer. Pedisich will be based in EPIC’s Concord, Calif. office and report to Curt Perata, president of EPIC’s Pacific North region. He is focused on the transporta...
Wed, 24 May 2017 05:00:31 +0000
How does a company incorporate a sustainable and cohesive risk management system for an enterprise with nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sale...
Wed, 24 May 2017 04:44:13 +0000
Insurance specialists working to assist Floridians through Florida’s insurance consumer helpline recovered nearly $8.1 million in the first quarter of 2017, according to a statement from Florida’s Chief Financial Officer Jeff Atwater. Recoveries includ...
Wed, 24 May 2017 04:30:08 +0000
A small sinkhole has opened on the road just outside President Donald Trump’s Mar-a-Lago resort in Florida. The Palm Beach Post reports that the 4-foot-by-4-foot (1-meter-by-1-meter) hole was discovered Monday in Palm Beach County just west of one the ...
Wed, 24 May 2017 04:00:22 +0000
The North Carolina Highway Patrol says a tanker truck overturned and caught fire, killing the driver. The patrol told local media outlets that the truck apparently veered off the road in the town of Clayton and hit two culverts, causing …
Tue, 23 May 2017 22:54:50 +0000
A northern Indiana jury has awarded $744,000 to a couple who claimed a now-deceased doctor performed unnecessary surgery on their teenage son. Dean and Tracy Dixon’s medical malpractice suit alleged that Dr. Willard G. Yergler performed unneeded should...
Tue, 23 May 2017 22:52:23 +0000
West Des Moines, Iowa-based GuideOne Insurance has named Jessica E. Clark as the company’s new chief executive officer (CEO). Bringing nearly 20 years of leadership experience in property and casualty insurance, Clark assumes her new role on June 12. S...
Tue, 23 May 2017 19:03:17 +0000
More than 150,000 auto insurance claims and 50,000 homeowners claims are estimated to be filed in the wake of a monster hailstorm that pounded Colorado’s Front Range on May 8, putting it on pace to be the state’s most expensive …
Tue, 23 May 2017 18:52:01 +0000
California Insurance Commissioner Dave Jones today announced that the enforcement action taken against W.R. Berkley Corp. entities and operating units has resulted in a $12 million settlement. Admiral Insurance Co., Admiral Risk Insurance Services Inc....