June 19, 2018

Tue, 19 Jun 2018 14:03:34 +0000
The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it. Three years into …
Tue, 19 Jun 2018 13:43:25 +0000
B3i, The Blockchain Insurance Industry Initiative, has announced it will build its applications and business network on the Corda blockchain platform, supplied by software firm R3. Following an extensive evaluation, which focused on the critical succes...
Tue, 19 Jun 2018 13:00:37 +0000
Maryland Governor Larry Hogan is asking for a presidential disaster declaration for Maryland following heavy rainfall and flooding that hit two western counties last month. The flooding in Frederick and Washington counties was the first of two major fl...
Tue, 19 Jun 2018 12:51:48 +0000
Kaplansky Insurance, a Needham, Mass.-based, independent and locally owned agency, has acquired Kelleher & Mackey Insurance Agency (K&M) in Quincy, Mass. Following the acquisition, K&M will be merging into Kaplansky’s new Weymouth, Mass., location. The...
Tue, 19 Jun 2018 12:44:37 +0000
A federal appeals court in New York says a lawsuit alleging the use of sound cannons by police constitutes excessive force can proceed toward trial. The 2nd U.S. Circuit Court of Appeals said that it agreed with a lower court …
Tue, 19 Jun 2018 12:34:32 +0000
The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses. Over two days last week, the Financia...
Tue, 19 Jun 2018 12:26:38 +0000
Lee Johnson’s doctors didn’t think he’d live long enough to testify in court that exposure to Monsanto Co.’s Roundup weed killer caused his deadly cancer. But the 46-year-old is now first in line to go to trial against the agrochemical …
Tue, 19 Jun 2018 11:11:13 +0000
Insurer Liberty Holdings faced questions from South Africa’s Information Regulator on Monday, a day after the company said it had become the victim of a cyber attack. The regulator said it was concerned about the data breach and wanted to …
Tue, 19 Jun 2018 10:27:22 +0000
The majority of people between 18 and 34 would be willing to let insurance companies dig through their digital data from social media to health devices if it meant lowering their premiums, a survey shows. In the younger group, 62 …
Tue, 19 Jun 2018 10:13:43 +0000
KPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the industry, including dismantling the “Big Four” players. In an unprecedented assessment, the Financial Reporting Council said ...
Tue, 19 Jun 2018 06:36:58 +0000
A Kansas mother says an insurance company wants her family to pay $132,000 after her 5-year-old son accidentally knocked over a sculpture at a city community center. Sarah Goodman tells the Kansas City Star the incident happened last month at …
Tue, 19 Jun 2018 06:34:43 +0000
Combined Agents of America (CAA) is expanding its presence in Missouri with the addition of GM Peters Agency, based in Liberty, Missouri. Current owners Shane Davolt and Peggy Marrs acquired the agency in 1999, however, GM Peters has been serving …
Tue, 19 Jun 2018 06:27:35 +0000
Insurance wholesale broker Maximum has added Bill Lally to its property team in Texas. He will be based in Houston. With previous experience as a property broker and several years spent developing a property underwriting expertise at Axis Insurance, La...
Tue, 19 Jun 2018 05:00:47 +0000
The virtual strike zone has been a feature of televised baseball games for almost two decades. The graphical overlay shows viewers in real time whether a pitch is too high, too low, or just nicks the corner with a backdoor …
Tue, 19 Jun 2018 05:00:18 +0000
Fujifilm Holdings Corp. sued Xerox Corp. on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint …
Tue, 19 Jun 2018 05:00:11 +0000
Language in a confidential severance agreement Tesla Inc. is using as part of the biggest job cut in its history is likely to deter dismissed employees from going public with worker safety concerns, according to employment-law experts. A proposed sever...
Tue, 19 Jun 2018 04:59:58 +0000
Flo Technologies, Inc., provider of leak prevention systems to prevent water damage in homes, has launched a reimbursement program called HomeProtect that will pay back homeowners for their insurance deductibles up to $2,500 per year if their Flo-equip...
Tue, 19 Jun 2018 04:36:50 +0000
Some homeowners are suing a North Carolina city to get dams that were compromised by Hurricane Matthew repaired. The Fayetteville Observer reported residents from four neighborhoods say the city should rebuild the dams even though they are privately ow...
Tue, 19 Jun 2018 04:26:31 +0000
Citizens Property Insurance Corp., the Florida state-run insurer of last resort, has devised a new policy requiring lobbyists seeking to lobby the insurer to register via a new online registration system. The new corporate policy comes in response to a …
Tue, 19 Jun 2018 04:22:11 +0000
The Mississippi Highway Patrol is paying $500,000 in a lawsuit over a fatal wreck that happened when a state trooper was driving fast on a dark highway without his blue lights flashing. The crash happened about 1:30 a.m. on May …
Tue, 19 Jun 2018 00:45:59 +0000
Two former Iowa Workforce Development judges may sue the agency for wrongful discharge after the Iowa Supreme Court made significant rulings in their cases on June 15 that could have broad implications for other state workers. Susan Ackerman sued in …
Mon, 18 Jun 2018 19:51:12 +0000
Risk Strategies has acquired San Rafael, Calif.-based Craford Benefit Consultants. Terms of the deal were not disclosed. Craford is an employee consulting and benefits brokerage firm that also has offices in Portland, Ore. and Charlotte, N.C. Risk Stra...
Mon, 18 Jun 2018 19:45:46 +0000
Sacramento, Calif.-based Warren G. Bender Co. has named Maggie Bender-Johnson president. Bender-Johnson, formerly vice president of operations, has been a part of Warren G. Bender since 2005. Her father, Stephen Bender, who formerly was president and C...
Mon, 18 Jun 2018 16:53:38 +0000
The last defendant pleaded guilty to conspiracy and agreed that he owes the federal government $149,000 in a case involving a huge explosion at a Louisiana National Guard-owned site. William Terry Wright’s plea agreement was described in news release J...
Mon, 18 Jun 2018 16:40:06 +0000
The Kellogg Company, based in Battle Creek, Mich., is voluntarily recalling some of its Honey Smacks cereal after salmonella infected 73 people in 31 states. The Centers for Disease Control and Prevention says most of the outbreaks were in California, …
Mon, 18 Jun 2018 16:32:09 +0000
G2 Corporation, doing business as Screen Tight, violated federal law by subjecting a female worker in the Patio Screen Door Fabrication warehouse in Corsicana, Texas, to unwelcome physical and verbal sexual harassment at the hands of her production man...
Mon, 18 Jun 2018 16:30:07 +0000
Amsted Rail Co. Inc., which manufactures steel castings for the rail industry, will pay $4.4 million and furnish other relief to settle a class disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC...
Mon, 18 Jun 2018 16:26:33 +0000
Appalachian Underwriters Inc. has added Armando Duran as external marketing representative for Texas. He is based in the Dallas/Fort Worth area and will focus on agent relationships throughout the state. Duran comes to AUI with over 10 years of experie...
Mon, 18 Jun 2018 16:25:32 +0000
The U.S. Geological Survey says a 4.0 magnitude earthquake has shaken parts of central Oklahoma, but there were no immediate reports of damage. The USGS says the earthquake was recorded at 3:56 p.m. about 7 miles (12 kilometers) north of …
Mon, 18 Jun 2018 16:24:31 +0000
Nebraska lawmakers may have cleared the way for companies to test self-driving vehicles with a law passed earlier this year, but don’t expect a large number to hit the streets anytime soon. Although industry officials say Nebraska has positioned itself …