June 19, 2019

Wed, 19 Jun 2019 22:18:50 +0000
New York state lawmakers couldn’t approve marijuana legalization this session, and the legislature is now considering a back-up bill that would expand access to the drug for medical reasons and decriminalize its possession for recreational purposes. As...
Wed, 19 Jun 2019 19:58:52 +0000
Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market, which launched its most recent moderniza...
Wed, 19 Jun 2019 17:12:38 +0000
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and response to, privacy and network...
Wed, 19 Jun 2019 15:51:26 +0000
The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip instead of waiting for a periodic sco...
Wed, 19 Jun 2019 15:47:09 +0000
Federal safety investigators say enforcing better school bus driver standards and installing a fire suppression system may have prevented the deaths in a 2017 school bus fire in western Iowa. National Transportation Safety Board Chairman Robert Sumwalt...
Wed, 19 Jun 2019 15:42:18 +0000
Investigators will consider storm-related flooding to help determine what caused an April 24 freight train derailment in North Texas that sent 25 tanker cars off the tracks. The National Transportation Safety Board on Monday issued a preliminary report...
Wed, 19 Jun 2019 15:11:36 +0000
A Utah couple and five of their nine children are recovering from injuries after the balcony on their home collapsed. Spring City police say the accident occurred about 9:30 p.m. Sunday. The Salt Lake Tribune reports Adam Burningham, his wife …
Wed, 19 Jun 2019 14:58:05 +0000
Nevada’s attorney general expanded the state’s lawsuit against the maker of the opioid OxyContin this week to include the company’s former president, his family, other drugmakers, distributors and drugstores, including Walgreens, CVS and Walmart. The l...
Wed, 19 Jun 2019 14:55:43 +0000
The San Francisco Bay Area warehouse where a fire killed 36 people more than two years ago was an artist enclave where nobody was fully in charge, one of two men blamed for the fire testified this week. Max Harris …
Wed, 19 Jun 2019 14:35:49 +0000
PG&E Corp. will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. Payments to the …
Wed, 19 Jun 2019 13:25:07 +0000
The father of a victim of the Sandy Hook Elementary School massacre has won a defamation lawsuit against the authors of a book that claimed the shooting never happened — the latest victory for victims’ relatives who have been taking …
Wed, 19 Jun 2019 13:20:11 +0000
From broccoli to the board room, Lance Smith has cultivated a reputation for collaboration, hard work and common sense. A partner in Smith’s Farm, the largest producer of broccoli and one of the largest growers of cauliflower in the East, …
Wed, 19 Jun 2019 13:17:34 +0000
An explosion leveled a home in New Jersey on Monday, injuring the lone occupant, who was pulled from the burning rubble by an off-duty police officer and first responders. Heavy flames and a large plume of smoke rose from the …
Wed, 19 Jun 2019 13:11:02 +0000
Vermont dairy farmers can now sign up for an improved insurance program to help them when the gap between milk prices and feed prices reaches a certain level. The new insurance program was created as part of the 2018 farm …
Wed, 19 Jun 2019 12:58:08 +0000
An online pharmacy told U.S. regulators it found another cancer-causing chemical in widely prescribed blood-pressure pills, raising new questions about a complex global web of companies that produces medicine for millions of people. A solvent called di...
Wed, 19 Jun 2019 12:39:03 +0000
The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual harassment. The BOE’s director of insurance supervision Anna Sweeney said she would work together with the Financial Conduct A...
Wed, 19 Jun 2019 12:30:49 +0000
Bayer AG has asked a California judge to overrule a $2 billion verdict by jurors who found the company’s glyphosate-based Roundup weed killer responsible for a couple’s cancer, arguing the jury decision was not supported by evidence. The German drugmak...
Wed, 19 Jun 2019 12:12:02 +0000
Vietnam has culled more than 2.5 million pigs to contain the spread of an African swine fever outbreak that is in danger of infecting every province of the country, an agriculture ministry official said on Tuesday. The virus, which is …
Wed, 19 Jun 2019 11:21:50 +0000
Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to reach double that by the end of the century even if countries’ current plans are fully implemented, research by scientists …
Wed, 19 Jun 2019 11:03:56 +0000
Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed European insurance group. Compr...
Wed, 19 Jun 2019 09:52:15 +0000
An analysis of AM Best-rated property/casualty insurers based in the Caribbean found that overall net income rebounded significantly following the 2016-2017 hurricanes to $32.2 million in 2018 compared with a $4.3 million loss in the previous year. Aft...
Wed, 19 Jun 2019 09:26:06 +0000
Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development. Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior roles, most recently leading the busines...
Wed, 19 Jun 2019 05:56:05 +0000
Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has appointed Mark Englert as national property/casualty practice leader. Englert will be responsible for continuing ...
Wed, 19 Jun 2019 05:49:55 +0000
Extraco Banks has sold its commercial insurance operation to Fort Worth, Texas-based independent insurance broker, Higginbotham. Extraco Insurance is a group of five property/casualty insurance professionals operating in Waco, Temple and Hamilton, Texa...
Wed, 19 Jun 2019 05:26:54 +0000
A Mississippi company faces more than $341,000 in penalties for failing to protect employees from serious safety hazards, a practice that led to a worker’s death at a plant in Texas, federal safety officials say. The U.S. Department of Labor’s …
Wed, 19 Jun 2019 05:10:59 +0000
Chicago-based Staff Management | SMX (SMX), which provides temporary employees to the light-industrial sector worldwide, will pay $50,000 to a female former employee and furnish other relief to settle a sexual harassment lawsuit filed by federal offici...
Wed, 19 Jun 2019 05:01:48 +0000
This is a bad year for people who make their living from seafood in Louisiana and Mississippi. Floods from the Midwest are killing oysters, and driving crabs, shrimp and finfish out of bays and marshes, into saltier water where they …
Wed, 19 Jun 2019 05:00:37 +0000
The National Flood Insurance Program (NFIP) was originally created by Congress to transfer U.S. flood insurance risk to private insurers. However, in 1978, (when private insurance carriers assumed over 40 percent of the nation’s flood insurance risk), ...
Wed, 19 Jun 2019 05:00:13 +0000
Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners i...
Wed, 19 Jun 2019 05:00:12 +0000
A possible sale of workers’ compensation specialist Applied Underwriters looks to be a step closer to reality. The California Department of Insurance is reviewing an application for the sale of the Calif.-based Berkshire Hathaway subsidiary. CDI offici...