Fri, 20 Apr 2018 12:10:54 +0000
American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new units provides clients certainty of uni...
Fri, 20 Apr 2018 11:03:59 +0000
Tokio Marine Kiln (TMK), the specialist and corporate insurance business, announced it has formed a strategic agreement with Australian insurtech firm Evari. The agreement will allow TMK to access Evari’s digital insurance platform and on-demand produc...
Fri, 20 Apr 2018 10:35:45 +0000
Rosie Denee and Oscar Moseley have joined Miller to further enhance its credit and political risks offering. Both will be based in London with a focus on political risk and structured credit insurance, specifically for financial institutions. Rosie joi...
Fri, 20 Apr 2018 10:07:08 +0000
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …
Fri, 20 Apr 2018 05:58:10 +0000
AssuredPartners Inc. has promoted Gerald Budde to Eastern Regions chief financial officer. He is based in Cincinnati, Ohio. Budde will report to newly appointed Eastern Regions President Steve Deal. He started his career with EY and spent 11 years with …
Fri, 20 Apr 2018 05:11:06 +0000
Safeco Insurance has appointed Debra Pooley as vice president and vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based …
Fri, 20 Apr 2018 05:00:50 +0000
U.S. health officials on Tuesday proposed steps to improve the government’s system for overseeing medical devices, which has been criticized for years for failing to catch problems with risky implants and medical instruments. The plan from the Food and...
Fri, 20 Apr 2018 05:00:34 +0000
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc. responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. …
Fri, 20 Apr 2018 05:00:12 +0000
Memphis-based global claims services firm Sedgwick has finalized the acquisition of competitor global loss adjusting and claims management firm Cunningham Lindsey and its subsidiaries. Sedgwick purchased its competitor from CVC Capital Partners, a priv...
Thu, 19 Apr 2018 16:34:05 +0000
Some dog owners are seeking compensation after 30 pets were killed during a spring break fire at a western Michigan kennel. Jennifer Nunez tells WOOD-TV that her family is heartbroken over the death of Harley, a Newfoundland that cost more …
Thu, 19 Apr 2018 16:28:45 +0000
The deadlines for a Texas Windstorm Insurance Association (TWIA) claimant to demand appraisal of a claim for damages caused by Hurricane Harvey have been extended, the Texas Department of Insurance reports. An extension of 30 days has been granted for …
Thu, 19 Apr 2018 16:04:26 +0000
The Illinois Senate has approved restrictions on insurance companies writing workers’ compensation policies. The plan that passed 34-21 on April 17 is identical to one Gov. Bruce Rauner vetoed last year. The Republican has complained for years that wor...
Thu, 19 Apr 2018 15:59:14 +0000
Dean & Draper Insurance Agency LP has acquired Houston-based Texas Printers Insurance Agency (TPIA). TPIA specializes in risk management and property/casualty insurance. The agency also offers employee benefits for members of the printing industries of...
Thu, 19 Apr 2018 15:53:39 +0000
Louisiana has spent more than $5 million on lawsuits involving sexual harassment claims since 2009, the state’s legislative auditor said in a new report released Tuesday on the eve of debate on bills targeting sexual misconduct in government. Legislati...
Thu, 19 Apr 2018 15:21:17 +0000
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited North Dakota excavation contractor Kamphuis Pipeline Company for exposing employees to trench cave-ins and other serious hazards while installing water meteri...
Thu, 19 Apr 2018 15:13:39 +0000
A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim. The injured driver, Omar Dauod, maintains the delayed pay...
Thu, 19 Apr 2018 14:59:02 +0000
A policy committee in California Legislature has unanimously approved a pair of wildfire-inspired bills by Assemblyman Marc Levine requiring insurance companies to notify homeowners whether their policies are sufficient to rebuild or replace their home...
Thu, 19 Apr 2018 14:56:29 +0000
Tesla Inc. is being probed by a California agency for occupational safety after a report that the electric carmaker failed to disclose serious injuries at a Fremont factory. The state’s Occupational Safety and Health Administration disclosed the inspec...
Thu, 19 Apr 2018 14:24:44 +0000
The New York City Council has passed 11 bills designed to strengthen workplace sexual harassment protections. According to The Wall Street Journal, Democratic Council Speaker Corey Johnson says the legislation is designed to provide all New Yorkers “a ...
Thu, 19 Apr 2018 13:47:41 +0000
The U.S. government on Tuesday proposed tightening rules governing the amount of prescription opioid painkillers that drugmakers can manufacture in a given year, in hopes of reining in the deadly opioid epidemic. The Drug Enforcement Administration’s p...
Thu, 19 Apr 2018 13:17:57 +0000
New York City is officially banning open-door helicopter flights from taking off within the five boroughs in the wake of last month’s deadly copter crash. The Daily News reports the Economic Development Corporation plans to announce the new rule on …
Thu, 19 Apr 2018 13:07:51 +0000
A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …
Thu, 19 Apr 2018 13:00:34 +0000
Jimcor Agency Inc., an independent managing general agent and insurance wholesaler, has hired Sarah Warner as a property and casualty underwriter for the Western Pennsylvania office located in Pittsburgh, Penn, and Stefan Santacroce as a brokerage spec...
Thu, 19 Apr 2018 12:51:36 +0000
Italy’s Generali has agreed to sell its Belgian operations to Athora Holding Ltd. for approximately €540 million ($668.3 million) in cash. The transaction is expected to close in the second half of 2018, subject to regulatory approvals. Generali Belg...
Thu, 19 Apr 2018 12:38:47 +0000
Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors. The health insurer has …
Thu, 19 Apr 2018 12:33:26 +0000
The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV, the world’s largest oilfield …
Thu, 19 Apr 2018 12:21:53 +0000
Tesla Inc.’s ardent defense of its Autopilot system is getting heat from safety advocates who question a key data point the company has been citing to plead its case. Several times since an Autopilot-linked fatality last month, the electric-car maker …
Thu, 19 Apr 2018 12:12:24 +0000
Being on an airplane more than six miles in the air when an engine blows up and sends shrapnel through a window is an experience so scary that aviation lawyers say it’s not just the family of the woman killed …
Thu, 19 Apr 2018 11:47:32 +0000
Envelop Risk, a London-based cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as chief underwriting officer. Chatterjee was formerly the lead cyber underwriter with Hannover Re (Bermuda), a line of bus...
Thu, 19 Apr 2018 11:28:55 +0000
Ensurance UK Ltd., the niche construction and engineering managing general agent (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s. The new liability product extends Ensura...