October 18, 2017

Thu, 19 Oct 2017 02:03:00 +0000
The Des Moines, Iowa-based Global Insurance Accelerator (GIA) announced that SFM Mutual Insurance Company (SFM), a workers’ compensation specialty provider headquartered in Bloomington, Minnesota, will join the GIA board of directors as part of support...
Thu, 19 Oct 2017 01:55:00 +0000
JMB Insurance Agency, a Chicago-based risk management services and insurance brokerage, has added Ben Kanter as a producer to work with its rapidly expanding private equity and real estate groups. In this role, Kanter will be responsible for the develo...
Thu, 19 Oct 2017 01:53:13 +0000
Ohio Department of Insurance Director Jillian Froment says that the average rates in 2016 for the top 10 homeowners and private passenger auto insurance groups in Ohio increased 1.9 percent and 3.1 percent, respectively. Ohioans pay among the lowest av...
Wed, 18 Oct 2017 23:18:17 +0000
Watching NFL players kneel during the National Anthem didn’t sit well with a pair of former New England Patriots players, who aired their feelings about players protesting during the opening of football games during a risk management conference on Wedn...
Wed, 18 Oct 2017 19:46:30 +0000
A Live National Entertainment Inc. Las Vegas country musical festival that was targeted Oct. 1 in the largest mass shooting in modern U.S. history was insured by New York Marine & General Insurance Co., according to a permit document filed …
Wed, 18 Oct 2017 16:26:34 +0000
The National Transportation Safety Board has called on the Federal Aviation Administration to remove its medical certification exemption for commercial balloon operators, saying it contributed to a July 30, 2016, balloon crash in Texas that killed 15 p...
Wed, 18 Oct 2017 16:17:45 +0000
Arkansas’ governor says he’ll “vigorously oppose” any highway funding ballot initiative that calls for tapping into general revenue for road needs. Gov. Asa Hutchinson told reporters he opposes any attempt to divert tax revenue from new and used car sa...
Wed, 18 Oct 2017 16:14:43 +0000
Police records show there has been an unprecedented spike in gun thefts in Kansas City, Missouri. The number of annual firearms thefts sharply increased between 2015 and 2016, according to police data obtained by the Kansas City Star. Police received …
Wed, 18 Oct 2017 16:11:43 +0000
Officials are planning a new system of travel alert information for part of the Ohio Turnpike near Cleveland with an eye toward a day when autonomous vehicles might regularly cruise the roadway. The Turnpike Commission will use roadside sensors and …
Wed, 18 Oct 2017 16:06:53 +0000
The former mayor of Tulsa, Oklahoma, is suing an insurance company and broker because she says the $4 million she received for a lost blue diamond ring isn’t enough. The Tulsa World reports that Kathy Taylor’s federal lawsuit filed in …
Wed, 18 Oct 2017 15:18:50 +0000
The Massachusetts Supreme Judicial Court has reversed a Superior Court decision in favor of a law firm in a legal malpractice suit. The plaintiff, Kiribati Seafood Company LLC, brought the legal malpractice claim against its former law firm, Dechert LL...
Wed, 18 Oct 2017 14:31:34 +0000
In the event of a dirty bomb or a nuclear meltdown, emergency responders can safely tolerate radiation levels equivalent to thousands of chest X-rays, the Environmental Protection Agency said in new guidelines that ease off on established safety levels...
Wed, 18 Oct 2017 14:10:05 +0000
Convinced that Americans are dying to speak with its human TV spokes-icon Flo, Progressive Insurance is bringing a Flo Chatbot experience to Facebook Messenger. This tool, enhanced by artificial intelligence and quoting technology, is now available for...
Wed, 18 Oct 2017 13:25:26 +0000
Hyperloop Transportation Technologies wants to build a tube-based inter and intra-city transportation system to transport passengers and cargo at high speeds. As part of its efforts to gain support, it sought to assure people that its technology is fea...
Wed, 18 Oct 2017 13:07:23 +0000
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Graffam Insurance Group LLC (Graffam). Terms of the acquisition were not disclosed. Based in Cumberland Center, Maine, Graffam specializes in employee benefits an...
Wed, 18 Oct 2017 13:04:50 +0000
The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in …
Wed, 18 Oct 2017 12:50:50 +0000
Ascot Group Ltd. (AGL), a Bermuda-based holding company, announced the appointment of Joe Roberts as group chief financial officer, and the promotion of Rob Dimsey to group chief operating officer. Roberts has 30 years’ experience and has worked in the …
Wed, 18 Oct 2017 12:31:03 +0000
Ironshore Hong Kong has introduced a specialty professional lines product that offers protection for after-the-event legal expenses following commercial litigation. Ironshore’s After-the-Event Legal Expenses product provides insurance against adverse c...
Wed, 18 Oct 2017 12:08:34 +0000
ZTO Express (Cayman) Inc., a Shanghai, China-based express delivery company, announced it has joined a seven-member consortium of its peers to set up a logistics insurer. ZTO said the insurer is being launched to fill the gaps that are not …
Wed, 18 Oct 2017 11:19:30 +0000
AXIS Capital Holdings Ltd. it has finalized its acquisition of Novae Group plc, which creates a $2 billion insurer in London and a top ten re/insurer at Lloyd’s, with 2016 global gross written premiums of $6 billion. The $611.5 million …
Wed, 18 Oct 2017 10:59:08 +0000
The Hilb Group LLC (THG), a property and casualty insurance and employee benefits broker, has acquired CNC Insurance Associates Inc. (CNC). The transaction became effective October 1, 2017. CNC is THG’s 38th acquisition since it was founded in 2009. Fo...
Wed, 18 Oct 2017 10:44:44 +0000
The New York Department of Financial Services (DFS) has finalized two new regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These regulations, which are the culmination of efforts by DFS to ref...
Wed, 18 Oct 2017 09:00:16 +0000
Newport Beach, Calif.-based Alliant Insurance Services has named Sal Moranato a senior vice president and pharmacy practice lead in its pharmacy consulting practice. Morana has nearly 25 years of pharmacy practice and industry experience. Morana was a ...
Wed, 18 Oct 2017 07:00:38 +0000
Cyber security watchdogs and researchers are issuing warnings over risks associated with a widely used system for securing Wi-Fi communications after the discovery of a flaw that could allow hackers to read information thought to be encrypted, or infec...
Wed, 18 Oct 2017 06:45:06 +0000
Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in Mexico City. Argo, the Bermuda-bas...
Wed, 18 Oct 2017 05:41:09 +0000
Risk Cooperative, a specialized insurance and risk advisory firm, has been approved as a Lloyd’s coverholder giving it the ability to provide up to $10 million in stand-alone cyber insurance coverage. Risk Cooperative can now offer middle market custom...
Wed, 18 Oct 2017 05:09:29 +0000
Authorities are investigating a series of fires in an Alabama town, including one that damaged a historic former school building. The Selma Times-Journal reports that as many as five fires were reported in the city’s downtown area on Saturday night. …
Wed, 18 Oct 2017 05:00:53 +0000
President Donald Trump on Wednesday backed away from a bipartisan deal from two U.S. senators to stabilize Obamacare by restoring subsidies to health insurers, one day after signaling his support for the plan. The agreement reached by Republican Senato...
Wed, 18 Oct 2017 05:00:44 +0000
Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008, she insists, when her car was broadsided by another vehicle while on her way to pick up …
Wed, 18 Oct 2017 05:00:42 +0000
Johnson & Johnson on Tuesday won the reversal of a $72 million verdict in favor of the family of a woman whose death from ovarian cancer they claimed stemmed from her use of the company’s talc-based products like Johnson’s Baby …