June 28, 2017
Coming Soon!
Wed, 28 Jun 2017 15:16:42 +0000
Alliant Insurance Services Inc. has named Andrew Laing a producer within the company’s Alliant Americas middle market division. Laing will be based in Portland, Ore. and be responsible for the design and delivery of insurance and risk management soluti...
Wed, 28 Jun 2017 15:10:12 +0000
NFP Corp. has acquired Flagstaff, Ariz.-based International Insurance Group Inc. Nate Watson, chief operating officer of IIG, will join as managing director of NFP’s property/casualty business and report directly to Terry Scali, CEO of NFP’s P/C busine...
Wed, 28 Jun 2017 15:03:17 +0000
Honolulu, Hawaii-based DTRIC Insurance Company Ltd. is now wholly-owned by Aioi Nissay Dowa Insurance Co. Ltd., a subsidiary of the MS&AD Insurance Group in Japan. ADI has been DTRIC’s majority shareholder since 1992. This transaction completes ADI’s b...
Wed, 28 Jun 2017 14:56:20 +0000
California has taken another step on toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year’s Wells Fargo scandal passed a key …
Wed, 28 Jun 2017 14:22:56 +0000
Beef Products Inc. has settled its defamation and libel lawsuit against American Broadcasting Co. and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co., and Avila defamed the company …
Wed, 28 Jun 2017 13:16:00 +0000
The estimate for the property insurance market’s loss for tropical cyclone Debbie has risen to A$1.4 billion (US$1.1 billion) from an initial estimate of A$1.12 billion, according to PERILS, the independent Zurich-based organization that provides indus...
Wed, 28 Jun 2017 13:10:28 +0000
Arch Insurance announced additions to its travel insurance sales team. Cory Sobczyk and Dan Povondra have joined Arch Insurance as vice presidents of Business Development. Additionally, Lynn Barty has joined as regional sales director. The newcomers, w...
Wed, 28 Jun 2017 12:49:49 +0000
MS Amlin, the specialist global re/insurer, plans to re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Belgium in response to Brexit. MS Amlin said it will keep its global headquarters in London. MS Amlin is already an est...
Wed, 28 Jun 2017 12:37:31 +0000
Republicans and Democrats in Congress sparred on Tuesday over U.S. states setting rules for testing and deployment of self-driving cars and a proposal to allow automakers and technology companies to bypass existing regulations in introducing autonomous...
Wed, 28 Jun 2017 12:15:19 +0000
No state goes far enough to protect its residents from leading causes of preventable deaths and injuries – commonly known as “accidents” – on the road, in homes and communities and at work, according to the National Safety Council. Despite …
Wed, 28 Jun 2017 12:12:10 +0000
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of James Blacker as managing director of property and casualty. Blacker will take up his role in December and report to Chris Bonard, CEO – Ed Specialty. Blacke...
Wed, 28 Jun 2017 11:49:22 +0000
Zurich, together with its travel insurance unit Cover-More, has completed the acquisition of Halo, a specialist, UK-based online rental car insurance platform. Financial details of the transaction were not disclosed. Zurich said it is becoming increasi...
Wed, 28 Jun 2017 11:00:08 +0000
Businesses could face a much higher bill than they expect or are prepared for after falling victim to a cyber-attack, according to research from Lloyd’s in association with KPMG and legal firm DAC Beachcroft. As businesses increasingly become the target …
Wed, 28 Jun 2017 10:44:04 +0000
A former executive for a national construction company who, federal prosecutors say, stole $4.5 million from her employer and spent it on expensive cars and restaurant meals has been sentenced. Forty-six-year-old Wendy Collins pleaded guilty to wire fr...
Wed, 28 Jun 2017 10:40:06 +0000
Penn Community Bank, a Bucks County, Penn.-based independent, mutual financial organization, has hired three professionals to its administrative, lending, and insurance teams. Peter R. Palumbo joins Penn Community Bank as a mortgage loan officer, and R...
Wed, 28 Jun 2017 10:11:25 +0000
When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …
Wed, 28 Jun 2017 04:37:37 +0000
The Public Entity Division of Kinsale Insurance Company is now offering public official liability coverage that provides for damages and defense costs for wrongful acts alleged against a public entity, an elected or appointed public official, or an emp...
Wed, 28 Jun 2017 04:21:35 +0000
A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb-” of Georgia Farm Bureau Mutual Insurance Company (GFBMIC ) and …
Wed, 28 Jun 2017 04:20:08 +0000
A West Virginia city has filed a federal lawsuit seeking a $20 million insurance claim to cover damages at its hydroelectric plant. The Intelligencer reports that the lawsuit was filed this month in U.S. District Court in Wheeling. The city …
Wed, 28 Jun 2017 04:05:00 +0000
In its recent ruling that the cap on noneconomic damages for personal injury awards or settlements in medical negligence cases was unconstitutional, the Florida Supreme Court ignored why these caps were put into place—to ensure patients’ access to ca...
Wed, 28 Jun 2017 00:21:15 +0000
A new cyberattack similar to WannaCry is spreading from Europe to the U.S. and South America, hitting port operators in New York, Rotterdam and Argentina, disrupting government systems in Kiev, and disabling operations at companies including Rosneft ...
Wed, 28 Jun 2017 00:02:49 +0000
U.S. Senate Republican leaders postponed a vote on a healthcare overhaul on Tuesday after resistance from members of their own party, and President Donald Trump summoned Republican senators to the White House to urge them to break the impasse. The …
Tue, 27 Jun 2017 16:52:11 +0000
DeKalb County in Georgia has been fined $294,000 for spilling sewage into public waterways and underreporting the number of spills to environmental regulators. The Atlanta Journal-Constitution reports the fines were levied this week. The largest part o...
Tue, 27 Jun 2017 16:48:37 +0000
The U.S. Department of Agriculture (USDA) designated Evangeline Parish in Louisiana as a primary natural disaster area as the result of losses and damages caused by heavy and excessive rain that occurred from April 4, 2017, through May 23, 2017. …
Tue, 27 Jun 2017 16:40:23 +0000
The North Dakota State Water Commission has agreed to pay more than $950,000 to Minot to help cover the cost of repairs and upgrades to the city’s existing levee system. The project includes removing trees and repairing erosion damage along …
Tue, 27 Jun 2017 16:39:40 +0000
A new cyber attack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York and Rotterdam, disrupting government systems in Kiev, and disabling operations at companies including Rosneft PJSC and advertiser WPP Plc....
Tue, 27 Jun 2017 16:37:12 +0000
The Independent Insurance Agents of Arkansas (IIAAR) selected Columbus, Ohio-based State Auto Insurance Companies to receive the group’s Company of the Year award. State Auto was presented with the award at the IIAAR’s 116th Annual Convention in Grapev...
Tue, 27 Jun 2017 16:25:35 +0000
The mother of Philando Castile, a black motorist killed by a Minnesota police officer last July, has reached a nearly $3 million settlement with the city that employed the officer, avoiding a federal wrongful death lawsuit that attorneys said could …
Tue, 27 Jun 2017 16:10:04 +0000
Fort Worth-based independent insurance broker, Higginbotham, and Painter & Johnson Financial have merged their insurance operations in Central Texas. Painter & Johnson Financial is a broker of insurance, securities and employee benefits, based in Bro...
Tue, 27 Jun 2017 15:59:40 +0000
Southeast Michigan is becoming a leader in developing “connected” roads and traffic signals that will “talk” directly to the next generation of cars. The features are the building blocks that will eventually guide self-driving cars safely to their inte...