October 19, 2018

Fri, 19 Oct 2018 05:57:38 +0000
Supporters and opponents of a proposal to limit the damages awarded in civil lawsuits in Arkansas report spending nearly $2 million combined last month in the campaign fight over the measure. Arkansans for Jobs and Justice, the primary group campaigning …
Fri, 19 Oct 2018 05:55:03 +0000
Appalachian Underwriters Inc. has hired Joanna St. Clair as a garage underwriter. She will be working remotely in the Austin, Texas, area, primarily underwriting garage risks for Midwest agents. St. Clair comes to AUI with 15 years of experience in …
Fri, 19 Oct 2018 05:03:06 +0000
A Louisiana company is recalling 15 tons of packaged ready-to-eat chicken and pork products produced since January 2017 for five restaurants or chains in Louisiana and Texas. A La Carte Foods of Belle Rose made the six products with sausage …
Fri, 19 Oct 2018 05:00:49 +0000
The ubiquitous black boxes on airliners — designed to capture the sometimes gruesome words and sounds leading up to crashes — need an upgrade, U.S. accident investigators say. In too many cases, the current two hours of sound on the …
Fri, 19 Oct 2018 05:00:24 +0000
Advancements in technology are changing the risk landscape irrevocably and driving potential big changes in liability, and other insurance, claims activity. The opportunities for business from new technologies such as autonomous machines, artificial in...
Fri, 19 Oct 2018 05:00:09 +0000
A motorist’s use of marijuana and a sedative led to a collision with a church bus that killed 13 people on the bus, the National Transportation Safety Board said in a report released on Oct. 16. According to the report, …
Fri, 19 Oct 2018 04:49:22 +0000
Dozens of neighbors of a North Carolina chemical plant had industrial compounds in their bloodstreams, but tests by state and federal health officials outlined Tuesday didn’t find the much-debated and little-studied one they were looking for. None of t...
Fri, 19 Oct 2018 04:43:37 +0000
A federal judge in Nashville has ordered the state to stop suspending the drivers licenses of people who are unable to pay traffic fines and court costs. In an order Tuesday, U.S. District Judge Aleta Trauger also instructed the state …
Fri, 19 Oct 2018 02:15:17 +0000
American International Group said it expects to report third quarter 2018 catastrophe losses of approximately $1.5 to $1.7 billion. These losses are largely from multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence...
Thu, 18 Oct 2018 17:31:22 +0000
San Francisco, Calif.-based Woodruff Sawyer has named Evan Hessel vice president and casualty practice leader. Hessel will be responsible for expanding the current casualty platform and capabilities. He was previously managing director and West Coast c...
Thu, 18 Oct 2018 16:23:35 +0000
Boca Raton, Florida-based Seeman Holtz Property & Casualty Inc. has acquired Redel Insurance Agency Inc., headquartered in Ballwin, Missouri. Redel Insurance Agency has been operating in Missouri for three-quarters of a century. The agency offers perso...
Thu, 18 Oct 2018 16:17:10 +0000
Two companies facing multiple lawsuits over a summer tourist boat accident in Missouri that killed 17 people have invoked an 1851 law that allows vessel owners to try to avoid or limit legal damages as they also seek settlement negotiations …
Thu, 18 Oct 2018 15:13:39 +0000
When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some experts are also eyeing a variety...
Thu, 18 Oct 2018 14:38:21 +0000
A federal judge has sided with an Anchorage, Alaska pilot who claimed a Homer-based air carrier fired him for reporting safety problems. Brian Bell had reported that Bald Mountain Air Service falsified safety records and had gaps in drug and …
Thu, 18 Oct 2018 14:35:30 +0000
California regulators have fined two utilities more than $13 million for violations of safety rules for incidents that caused injuries. The Public Utilities Commission hit Southern California Edison with an $8 million citation for a downed power line t...
Thu, 18 Oct 2018 14:05:43 +0000
More than two-thirds (69 percent) of employees are tired at work, increasing the risk of injuries and incidents on the job, according to the National Safety Council. Many of these fatigued employees work in the construction, transportation, manufacturi...
Thu, 18 Oct 2018 13:52:47 +0000
Employees at one of New Hampshire’s community mental health centers are getting trained to administer overdose reversal drugs. Harvard Pilgrim Health Care on Friday held a training session for employees at Riverbend Community Mental Health in Concord a...
Thu, 18 Oct 2018 13:47:39 +0000
An Uber driver in New York City kidnapped a woman who fell asleep in his vehicle, groped her in the back seat and then left her on the side of a highway in Connecticut, federal authorities said Tuesday. Harbir Parmar, …
Thu, 18 Oct 2018 13:41:43 +0000
The company operating Mo’s Seafood restaurants will pay $1 million to settle a lawsuit with 34 former employees who said they were underpaid. In the collective-action lawsuit filed against Mo’s Fisherman Exchange Inc. and owner Mohammed Manocheh in 201...
Thu, 18 Oct 2018 13:36:20 +0000
Fresh off its announcement of Google becoming a minority investor, insurance agency technology provider Applied Systems announced it has acquired Dynamis Software Corp., a Milwaukee-based provider of employee benefits software. This acquisition expands...
Thu, 18 Oct 2018 13:12:51 +0000
Third quarter profit more than doubled at Travelers Corp. due to higher premiums and investment income and lower catastrophe losses, the insurer reported. Net income came in at $709 million, up from $293 million for the third quarter last year. …
Thu, 18 Oct 2018 12:31:00 +0000
Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has retained Evercore to serve as its adviser during the proc...
Thu, 18 Oct 2018 10:36:34 +0000
British Prime Minister Theresa May signaled on Thursday she would consider extending a so-called transition period “for a matter of months” after Britain leaves the European Union, a move her critics say is a betrayal of Brexit. Less than six …
Thu, 18 Oct 2018 10:03:55 +0000
Global insurance broker, risk management services and consulting firm Gallagher announces the acquisition of Portmore Insurance Brokers Ltd. and Portmore Insurance Brokers (Wiltshire) Ltd. in the UK. Terms of the transaction were not disclosed. Based i...
Thu, 18 Oct 2018 09:45:07 +0000
RenaissanceRe Holdings Ltd. announced it currently estimates that the cost of claims from third quarter 2018 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2018 results. The estimated lo...
Thu, 18 Oct 2018 09:05:58 +0000
TigerRisk Partners LLC, the Stamford, Conn.-based insurance and reinsurance broker, announced it has appointed Jonathan Hughes as partner. Hughes will report to Alex Bridges, head of TigerRisk’s Retro Team, and will work in TigerRisk’s London office. H...
Thu, 18 Oct 2018 08:34:49 +0000
Swiss Re AG said it will post relatively “large” losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster claims, mainly from Japan and North …
Thu, 18 Oct 2018 05:59:29 +0000
A rate decrease request for commercial property policies filed by Louisiana’s property insurer of last resort has been approved by the state’s insurance commissioner. Commissioner of Insurance Jim Donelon has approved Louisiana Citizens Property Insura...
Thu, 18 Oct 2018 05:34:19 +0000
Texas Insurance Commissioner Kent Sullivan has declined to approve the request by the state’s property insurer of last resort for wind and hail along the Texas coast to increase maximum limits of liability for certain types of property. The Texas …
Thu, 18 Oct 2018 05:05:18 +0000
Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be determined in the general ele...