December 9, 2018

Fri, 07 Dec 2018 18:36:05 +0000
A new report shows the average return on net worth for California workers ‘ compensation insurers rose to 9.9 percent in 2017, the fourth consecutive increase. The report comes from the National Association of Commissioners and was summarized in an …
Fri, 07 Dec 2018 17:47:45 +0000
San Juan, Puerto Rico-based Haven Holdings Inc. (Haven Holdings) has completed its acquisition of Wisconsin-based Time Insurance Co. from Interfinancial Inc., a wholly-owned subsidiary of Assurant Inc., the company announced. Immediately following the ...
Fri, 07 Dec 2018 17:39:33 +0000
Oklahoma and Arkansas continue recovery efforts following a series of tornadoes that ripped through the region last week. An EF2 tornado in Oklahoma’s Lake Tenkiller area destroyed homes, boat docks and buildings. State officials, local authorities and...
Fri, 07 Dec 2018 17:38:19 +0000
The long-futile effort seeking a statewide prescription drug monitoring program in Missouri now has a prominent advocate — Gov. Mike Parson. The Republican governor met Wednesday with St. Louis Mayor Lyda Krewson, doctors and other health leaders to ...
Fri, 07 Dec 2018 17:34:24 +0000
A company spokesman says 50,000 or more hens died in a fire that destroyed two barns of an egg farm in rural northeastern Illinois. Mussman’s Back Acres Inc. spokesman Brian Burch says 275,000 to 300,000 hens survived the Tuesday fire …
Fri, 07 Dec 2018 17:33:03 +0000
Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all assets of Arlington, Texas-based Dealer Associates Inc. (DAI), the company reported. Since 1990, DAI has provided a broad range of finance and insurance …
Fri, 07 Dec 2018 17:05:23 +0000
How to process cancer-related workers’ compensation claims filed by firefighters’ and emergency medical technicians’ (EMTs) is developing into an emerging issue, Texas workers’ compensation system regulators point out in a report to the Legislature abo...
Fri, 07 Dec 2018 16:44:16 +0000
Aviation authorities in Indonesia and India on Thursday pushed for more simulator training for Boeing Co 737 MAX pilots following the deadly Lion Air crash, while the world’s largest planemaker reiterated that its top-selling jetliner was safe. Boeing ...
Fri, 07 Dec 2018 16:37:15 +0000
United Benefit Advisors has added JP Griffin Group to its family of partners. Scottsdale, Ariz.-based JP Griffin Group is a national employee benefit consulting firm specializing in the design, implementation and management of employee benefit programs...
Fri, 07 Dec 2018 16:20:36 +0000
A former Wynn Resorts shareholder is suing company founder Steve Wynn and former and current executives and board members, saying that his stock fell in value because they concealed information about sexual harassment accusations that led to Wynn’s res...
Fri, 07 Dec 2018 16:18:23 +0000
The Target store chain has agreed to pay $7.4 million to settle California allegations that it improperly dumped hazardous waste into landfills, ranging from batteries to drugs and syringes. Minnesota-based Target didn’t acknowledge any wrongdoing in t...
Fri, 07 Dec 2018 16:13:47 +0000
A rare fire tornado that raged during this summer’s deadly Carr Fire in Northern California was created by a combination of scorching weather, erratic winds and an ice-topped cloud that towered miles into the atmosphere, according to a study announced …
Fri, 07 Dec 2018 16:08:12 +0000
Total aggregated economic losses for the wildfires that have burned across Northern and Southern California throughout the month are expected to minimally exceed $10 billion, while insurance claims payouts for wildfires are set to exceed $10 billion in...
Fri, 07 Dec 2018 15:41:40 +0000
Swiss Re Corporate Solutions has appointed Philippe Aerni as global head of Casualty, Financial & Professional Lines. In this expanded role, Aerni will be responsible for products and global markets for these two lines of business. Based in Zurich, he …
Fri, 07 Dec 2018 15:32:06 +0000
Global broking network Brokerslink announced the departure of Jacqueline Legrand as chief executive officer. After six years based in Europe, Legrand has resigned from her position to return to New York to take on a new professional opportunity and reu...
Fri, 07 Dec 2018 15:09:13 +0000
Global insurance broker Gallagher has acquired South West commercial insurance broker Pavey Group Holdings in the UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was established in 1971 and has spent...
Fri, 07 Dec 2018 14:53:11 +0000
New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide, according to a person familiar with the probe. Attorney General Barbara Underwood’s office is looking ...
Fri, 07 Dec 2018 14:51:15 +0000
Two U.S. senators are seeking to outlaw a legal tactic that predatory lenders have frequently used to seize money from small businesses. Senators Sherrod Brown, the top Democrat on the Senate Banking Committee, and Marco Rubio, a Florida Republican, sa...
Fri, 07 Dec 2018 14:45:26 +0000
A Manhattan man has been convicted of engaging in two separate identity theft schemes between 2013 and 2014 and has been sentenced to seven-and-a-half to 15 years in state prison. An investigation by New York Attorney General Barbara D. Underwood’s …
Fri, 07 Dec 2018 14:34:45 +0000
Facebook Inc. wielded user data like a bargaining chip, providing access when that sharing might encourage people to spend more time on the social network — and imposing strict limits on partners in cases where it saw a potential competitive …
Fri, 07 Dec 2018 13:53:19 +0000
Connecticut state agencies, municipalities, and the state’s two federally recognized tribes are now eligible to receive federal financial assistance to help repair the damage caused by severe rain and flooding in September. Democratic Gov. Dannel P. Ma...
Fri, 07 Dec 2018 13:50:06 +0000
An upstate New York man has been sentenced to three years in prison and ordered to pay back more than $100,000 he bilked out of people in a vacation home rental scam. Federal prosecutors say 58-year-old Henry Dean III, of …
Fri, 07 Dec 2018 13:44:00 +0000
An automated machine punctured a can of bear repellent at an Amazon warehouse in New Jersey on Wednesday, releasing fumes that sickened workers and sent two dozen to hospitals, officials said. An Amazon representative said that as of 8 p.m., …
Fri, 07 Dec 2018 13:29:08 +0000
U.K. financial-services exports to the European Union could be 59 percent lower after Brexit, even if Prime Minister Theresa May secures a free-trade agreement, according to the Centre for European Reform. “Any arrangement that sees the U.K. leave the ...
Fri, 07 Dec 2018 06:31:14 +0000
The largest penalty a polluter has paid North Carolina should change the way one of the country’s biggest chemical companies makes compounds that the U.S. Environmental Protection Agency said appear dangerous even in small amounts, the state’s top envi...
Fri, 07 Dec 2018 06:24:34 +0000
A team from the University of Central Florida has won a national cybersecurity competition. UCF’s Collegiate Cyber Defense Team won the U.S. Department of Energy’s CyberForce National Competition last weekend. UCF was one of 66 teams selected to compet...
Fri, 07 Dec 2018 06:00:52 +0000
After repeated food poisoning outbreaks linked to romaine lettuce, the produce industry is confronting the failure of its own safety measures in preventing contaminations. The E. coli outbreak announced just before Thanksgiving follows one in the sprin...
Fri, 07 Dec 2018 06:00:51 +0000
Nationally, public transit systems are seeing a steady increase in liability claim severity, even as ridership declines, according to a new study from Aon. Aon’s study found that overall public transit liability claim frequency is growing 1 percent ann...
Fri, 07 Dec 2018 05:58:24 +0000
Chris Black Insurance, a Lutz, Fla.-based independent insurance firm, has partnered with Insurance Seguros of America Ricketts, LLC, located in Wesley Chapel, Fla. The transaction was finalized on Monday, October 10th, 2018. Founded in 2011 by Tina Ric...
Thu, 06 Dec 2018 17:49:16 +0000
The House of Representatives today approved a two-week government spending bill and sent it to the Senate, which is expected to go along. The measure would prevent a partial government shutdown by authorizing funding until Dec. 21. The short-term fundi...