June 18, 2019
Tue, 18 Jun 2019 12:13:50 +0000
MS Amlin, the London-based re/insurer, announced the appointment of Mary Vogiatzidou to the role of senior marine underwriter. Vogiatzidou will be based in MS Amlin’s Dubai office and will be responsible for the continued development and growth of the ...
Tue, 18 Jun 2019 09:52:12 +0000
Fixico, the Amsterdam-based digital platform for car damage repair, has raised €7 million ($7.9 million) to grow its international footprint and fleet and insurance partnerships. The technology company offers a digital platform that seamlessly handle...
Tue, 18 Jun 2019 08:04:27 +0000
Arthur J. Gallagher & Co. announced the acquisition of Hawthorn, Victoria-based P2 Group. Terms of the transaction were not disclosed. Founded in 2003, P2 Group helps employers proactively manage occupational health and reduce the risk of worker injuri...
Tue, 18 Jun 2019 07:51:16 +0000
Lloyd’s of London, the 330-year-old insurance market, is pushing to revamp auto coverage as the rise of driverless cars looms. Chief Executive Officer John Neal said that Lloyd’s is talking with automakers about how to set up different policies to …
Tue, 18 Jun 2019 07:30:46 +0000
Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that could mark a return to big-ticket deals for the Chinese conglomerate backed by billionaire Guo Guangchang. Fosun has ...
Tue, 18 Jun 2019 06:45:58 +0000
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has acquired Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ). Financial details of the deal were not disclosed. Established in 201...
Tue, 18 Jun 2019 05:16:22 +0000
Heading off the prospect of everyone in Texas being able to call themselves plumbers, Gov. Greg Abbott extended the Texas State Board of Plumbing Examiners and its licensing law until 2021 via an executive order. The Texas State Board of …
Tue, 18 Jun 2019 05:04:58 +0000
Chicago Mayor Lori E. Lightfoot said the city will partner with Gallagher Bassett, an international public sector claims administrator, as well as Gallagher Global Brokerage Risk Program Administrators, to overhaul and professionalize Chicago’s workers...
Tue, 18 Jun 2019 05:02:08 +0000
High Street Insurance Partners (High Street), a Michigan-based provider of commercial insurance, personal lines and employee benefits services, has appointed Dave Tuitas as senior partner and chief financial officer. Tuit joins a management team led by...
Tue, 18 Jun 2019 05:00:58 +0000
While there are “huge opportunities” on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. “It’s really scary to underwrite something when you just don’...
Tue, 18 Jun 2019 05:00:49 +0000
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving in...
Tue, 18 Jun 2019 05:00:20 +0000
The U.S. Supreme Court ordered reconsideration of a $135,000 award against an Oregon bakery that refused to make a cake for a same-sex wedding in a case that revived a fractious debate over religious rights and equal treatment. After more …
Tue, 18 Jun 2019 05:00:10 +0000
A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, the Texas financier serving a 110-year prison term for running a large Ponzi …
Tue, 18 Jun 2019 04:42:56 +0000
Former Tennessee Insurance Commissioner Julie Mix McPeak, who stepped down as the head of the Tennessee Department of Commerce and Insurance Commissioner last month, will join the global law firm Greenberg Traurig, P.A., in the firm’s Insurance Regulat...
Tue, 18 Jun 2019 04:15:18 +0000
Hub International Limited, has acquired the assets of CBIS, LLC, d/b/a “In-Fi” (In-Fi). Terms of the transaction were not disclosed. Established in 2016 by co-founder Jon Chasteen, In-Fi developed a distribution platform for financial institutions, whi...
Tue, 18 Jun 2019 04:00:37 +0000
The countdown is on for Florida assignment of benefits (AOB) reform that will take effect July 1, and the insurance industry is getting ready to respond to new requirements as a result of the law as well as evaluating how …
Mon, 17 Jun 2019 16:59:00 +0000
The nation’s largest public utility on Thursday agreed to dig up and remove about 12 million cubic yards (9.2 million cubic meters) of coal ash from unlined pits at a Tennessee coal-burning power plant. Prompted by two environmental groups, the …
Mon, 17 Jun 2019 16:44:43 +0000
Two people who say they contracted Legionnaires’ disease at a newly opened Ohio hospital have sued the facility and its health system. Martin and Rebecca Brown, from Orient, sued Mount Carmel Grove City in Franklin County on June 11. Anna …
Mon, 17 Jun 2019 16:43:36 +0000
The Independent Insurance Agents of Texas (IIAT) has added Lisa Webb as director of IIAT Advantage Markets. Webb has more than 30 years of experience in personal and commercial lines sales, management, training and claims handling. Many IIAT members kn...
Mon, 17 Jun 2019 16:32:57 +0000
An Ohio college ordered to pay $44 million in damages to the owners of a market who said the school ruined their business by branding them as racists said the jury awards are “not the final outcome.” “We are disappointed …
Mon, 17 Jun 2019 16:29:23 +0000
Oklahoma’s governor and Republican legislative leaders are raising concerns about the state’s proposed $85 million settlement with an opioid manufacturer that has yet to be approved by a judge. Gov. Kevin Stitt, House Speaker Charles McCall and Senate ...
Mon, 17 Jun 2019 16:26:07 +0000
The city of New Orleans is using a $12.5 million grant to elevate more than 50 houses that have experienced repeated flooding. The city says in a news release that the money comes from the Federal Emergency Management Agency’s Flood …
Mon, 17 Jun 2019 16:24:25 +0000
Ron Gadeken of Ron’s Ag & Auto Repair in Stanton, Nebraska, often goes out to farms to repair equipment. That includes south of Stanton, where the Elkhorn River flows. The raging Elkhorn River wiped out part of the Highway 57 …
Mon, 17 Jun 2019 16:17:06 +0000
Louisiana Farm Bureau is following the downward trend in auto insurance rates started by State Farm and Progressive insurance companies, the Louisiana Department of Insurance reported. Louisiana Farm Bureau has filed for a 4.4% rate decrease on 220,000...
Mon, 17 Jun 2019 16:14:55 +0000
If Big Brother isn’t watching, maybe his little sister is listening. An international law firm has filed a federal lawsuit against Amazon.com Inc., alleging that the company’s Alexa virtual assistant product violated privacy laws in Massachusetts and s...
Mon, 17 Jun 2019 15:53:19 +0000
Alabama environmental officials say another waste water spill from a Tyson Foods plant has contaminated rivers with E. coli and killed an untold number of fish. News outlets report up to 800,000 gallons of waste water spilled last week from …
Mon, 17 Jun 2019 15:30:56 +0000
The U.S. Geological Survey confirmed a magnitude 3.2 earthquake hit central California. The agency says the earthquake hit a spot 11.4 miles southwest of Darwin, a town of about 36 people, at 6:48 p.m. The agency says the earthquake had …
Mon, 17 Jun 2019 15:28:47 +0000
TigerRisk Partners LLC has named Lindsey Frase a partner and member of its North American current client division. Frase will report to Wade Gulbransen, global head of reinsurance. Frase started her reinsurance industry career working for Guy Carpenter...
Mon, 17 Jun 2019 13:58:16 +0000
President Donald Trump has made a disaster declaration for Vermont’s Bennington, Essex, Orange, Rutland, Washington and Windsor counties for flooding in April. Vermont Gov. Phil Scott says a preliminary assessment by the Federal Emergency Management Ag...
Mon, 17 Jun 2019 13:48:03 +0000
Authorities in Boston say a fire that started at a vacant property and spread to nearby homes likely caused millions of dollars in damages. The Boston Fire Department tweeted that the cause of Saturday evening’s nine-alarm fire on the border …