Thu, 29 Jun 2017 15:21:48 +0000
The home of “Big Bang Theory” star Johnny Galecki has been destroyed in a wildfire in California. Nicole Perna, a spokeswoman for the 42-year-old actor, says his home on a ranch in the San Luis Obispo area was destroyed by …
Thu, 29 Jun 2017 15:04:00 +0000
Sacramento, Calif.-based Owen-Dunn Insurance Services has embarked on a national expansion with the launch of ODI Group Captive to meet demand from mid-size business owners for captive insurance. In addition to creating its new group captive, the broke...
Thu, 29 Jun 2017 15:00:49 +0000
JLT Specialty USA has named Jennifer Schaeffer senior vice president. Schaeffer will be based in Based in San Francisco, Calif. She will focus on business development with specialties in technology, fintech and private equity. Schaeffer has experience ...
Thu, 29 Jun 2017 14:00:32 +0000
A subway train derailed Tuesday as it entered a station, tossing people to the floor, forcing hundreds of shaken-up passengers to evacuate through darkened tunnels and delivering another jolt to a transit system plagued by aging equipment and reliabili...
Thu, 29 Jun 2017 13:53:32 +0000
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus’s spread seemed to be abating. FedEx Corp. said it could suffer a “material” financial impact a...
Thu, 29 Jun 2017 13:47:15 +0000
Burns & Wilcox, a wholesale insurance broker and underwriting manager, has increased its footprint in Pennsylvania with an office move and expansion for its Pittsburgh office to accommodate its growing team and revenue. Burns & Wilcox has relocated its...
Thu, 29 Jun 2017 13:39:40 +0000
The Delaware State Senate has voted nearly unanimously (24-1) to pass House Substitute 1 for House Bill 80 (HS 1 for HB 80). This measure, a substitute to the Department of Insurance’s original HB 80, targets unfair discriminatory practices used …
Thu, 29 Jun 2017 13:25:37 +0000
Commercial property insurer FM Global has opened the FM Global Learning Center, a facility in Norwood, Mass., where employees and clients will explore property-loss prevention and insurance-related training through specially designed classrooms. The 2...
Thu, 29 Jun 2017 13:20:08 +0000
Veterans of the United States Armed Forces and some active duty military and reservists now have a new incentive to become licensed insurance agents in Virginia. The State Corporation Commission’s Bureau of Insurance recently received approval from the...
Thu, 29 Jun 2017 13:09:13 +0000
American International Group Inc. shareholders on Wednesday approved the company’s 2016 compensation for executives, including the insurance giant’s former chief executive, Peter Hancock. Shareholders at the annual meeting in New York voted to award ...
Thu, 29 Jun 2017 12:43:12 +0000
Uber’s ride-hailing app is making it easier for its users to set up trips for seniors and others who may not know their way around a smartphone but still need help getting around town. The new feature, released on Tuesday …
Thu, 29 Jun 2017 12:15:26 +0000
Many clients are unaware that intellectual property (IP) risks are frequently inadequately covered by traditional insurance products and, as a result, they actually could be “dangerously underinsured” due to these coverage gaps, according to Ian Lewis,...
Thu, 29 Jun 2017 11:50:37 +0000
PartnerRe Ltd. announced that Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company at the end of the first quarter of 2018. PartnerRe is conducting external searches for Walker’s …
Thu, 29 Jun 2017 11:30:15 +0000
Guy Carpenter & Co. has launched a new unit offering dedicated retrocession services to clients in the Asia Pacific region called GC Asia Pacific Retro. GC Asia Pacific Retro provides a wide range of retrocession property solutions, linking with Guy …
Thu, 29 Jun 2017 11:12:36 +0000
The European Commission proposed on Thursday establishing a new pan-European pension product to increase private savings for old age and boost the growth of an EU industry currently worth some 700 billion euros ($800 billion). The measure is part of …
Thu, 29 Jun 2017 10:55:09 +0000
A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are …
Thu, 29 Jun 2017 10:35:04 +0000
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s unit for corporate & specialty insurance business, has opened a branch office in South Korea to serve global corporate clients. AGCS said it has become the first foreign non-life insurer in ...
Thu, 29 Jun 2017 10:19:30 +0000
Autonomous vehicle technology, a rise in on-demand transportation and a shifting of liability to manufacturers will shrink the auto insurance sector by more than 70 percent or $137 billion by 2050, according to updated research by KPMG. In a 2015 rep...
Thu, 29 Jun 2017 05:08:09 +0000
Authorities say an 84-year-old Florida doctor is accused of illegally distributing $10 million worth of pain pill prescriptions. Dr. Williem Ouw was arrested June 15 and held in a Fort Lauderdale jail until his release Wednesday on a $500,000 bond. …
Thu, 29 Jun 2017 05:02:07 +0000
Mississippi’s Court of Appeals says the city of Jackson can’t deny workers’ compensation benefits to a police officer injured in a wreck while he was speeding. The court ruled 10-0 Tuesday that the city must pay former officer Kearney Brown …
Thu, 29 Jun 2017 05:00:34 +0000
More than 130,000 Americans are killed annually by preventable causes, and the number has been climbing at a faster rate recently because of opioid abuse and car crashes involving drivers distracted by mobile devices. The death count jumped more than …
Thu, 29 Jun 2017 04:56:59 +0000
Legislation designed to address North Carolina’s opioid abuse problem is headed to Gov. Roy Cooper’s desk. The House gave final approval Tuesday to a bill that would improve the rules on prescribing and dispensing certain drugs like Oxycotin and morphi...
Thu, 29 Jun 2017 04:50:48 +0000
American Integrity Insurance Group (AI), a Florida-based insurance provider, has unveiled a private flood insurance option for homeowners. AI joins less than a handful of Florida-based insurers to offer its own flood program — and is one of only two …
Thu, 29 Jun 2017 02:59:37 +0000
The California Division of Workers’ Compensation has posted a report from the Rand Corp. with recommendations to prevent fraud in the workers’ compensation system. The Department of Industrial Relations last year requested that the Rand assess medical ...
Wed, 28 Jun 2017 21:53:04 +0000
The Workers’ Compensation Insurance Rating Bureau of California issued report containing estimated California workers’ compensation costs for 2016 based on insured employer experience. The report also reflects payments made by the California Insurance ...
Wed, 28 Jun 2017 16:52:15 +0000
A month after a 33-year-old worker died while working in an unprotected trench, U.S. Department of Labor Occupational Safety and Health Administration inspectors found another employee of the same Missouri plumbing contractor working in a similarly ...
Wed, 28 Jun 2017 16:45:39 +0000
U.S. Army Corps of Engineers officials are expected to begin repairing nine sections of a levee along the Black River in northeast Arkansas that was damaged by floods last month. Emergency workers are making plans to cover the holes in …
Wed, 28 Jun 2017 16:41:57 +0000
A company that operates a northwestern Indiana water park authorities closed after 11 children suffered chemical burns says it’s “profoundly sorry” for the injuries. An advertisement Seven Peaks Resorts placed in local newspapers says the children were...
Wed, 28 Jun 2017 16:35:43 +0000
Austin-based Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, has added Chris Scott as vice president of Finance. Scott brings to Watkins Insurance Group more than 15 years of expe...
Wed, 28 Jun 2017 16:33:41 +0000
Starr Companies has promoted Richard Bessinger to chief underwriting officer of Starr Indemnity & Liability Co., Starr Specialty Insurance Co. and Starr Surplus Lines Insurance Co. Bessinger has 25 years of experience in the insurance industry and long...