Fri, 17 Jan 2020 17:33:35 +0000
The parents of two students are suing the Bemidji school district, alleging it was negligent in allowing a former assistant principal to sexually exploit their children. Brandon Bjerknes, who was arrested in 2017, is serving a federal prison sentence f...
Fri, 17 Jan 2020 17:24:19 +0000
Brown & Brown Inc. through its subsidiary, Hull & Company LLC, has acquired substantially all of the assets of Dallas-based Texas All Risk, a managing general agent (MGA) placing a wide range of property/ casualty insurance for businesses and individua...
Fri, 17 Jan 2020 17:02:15 +0000
The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most destructive hurricane ever to hit the islands. The government will probably borrow about $500 million in coming months as it …
Fri, 17 Jan 2020 16:40:07 +0000
A state lawmaker is demanding an extensive review of the California Public Utilities Commission to determine whether regulators’ lax oversight enabled neglect at Pacific Gas & Electric that triggered catastrophic wildfires, a messy bankruptcy and exasp...
Fri, 17 Jan 2020 16:36:36 +0000
ResMed, a San Diego, Calif.-based company that sells sleep apnea machines, will pay $37.5 million to settle allegations that it provided kickbacks to obtain customer referrals, federal prosecutors announced this week. The settlement covers five whistle...
Fri, 17 Jan 2020 16:24:59 +0000
More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign currency exchanges, the company said the first of its customer-facing systems in Britain was up and running again. The cyber …
Fri, 17 Jan 2020 16:18:40 +0000
USG Insurance Services Inc. has named Jay Aguilar a producer/broker in commercial lines in the Scottsdale, Ariz. office. Aguilar will work to expand USG’s Southwestern territory. Aguilar has 23 years of insurance industry experience, most recently at A...
Fri, 17 Jan 2020 15:26:20 +0000
Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos as head of Specialty as it structures its underwriting cells and MGAs into a number of centres of excelle...
Fri, 17 Jan 2020 15:06:30 +0000
Three people were injured, one critically, on Tuesday when scaffolding they were working with at a Massachusetts home came in contact with power lines, police said. Beverly police responded to a report that two workers had fallen from the roof …
Fri, 17 Jan 2020 15:04:22 +0000
SterlingRisk Insurance, a Woodbury, N.Y.-based independently owned insurance brokerage, has promoted Geraldine DelPrete to president of Programs. According to SterlingRisk CEO David Sterling in a company press release, DelPrete’s background in reinsura...
Fri, 17 Jan 2020 14:45:38 +0000
Internal emails from Boeing Co. employees could strengthen the legal case for families claiming the company’s push to minimize the training needed for new 737 Max aircraft contributed to two crashes that killed 346 people. Employees bragged about fooli...
Fri, 17 Jan 2020 14:39:00 +0000
Insurance broker Marsh announced the appointment of Jacqueline Quintal as a managing director in its U.S. Financial Institutions Practice. In this role, Quintal will bring together transactional and risk advisory brokerage, claims, and consulting resou...
Fri, 17 Jan 2020 14:36:57 +0000
Distinguished Programs, a national insurance program manager, has promoted Mamadou Bah to regional sales executive and Renée A. McFadden to vice president and regional sales executive in New Jersey and eastern Long Island, including Queens and Brookly...
Fri, 17 Jan 2020 14:31:27 +0000
RogersGray has promoted Greg Deems to partner within the Massachusetts-headquartered, independent insurance agency. Deems joined RogersGray in 2011 and became a top performer in his sales role, devoting himself to the furthering of his insurance knowle...
Fri, 17 Jan 2020 14:13:25 +0000
The private U.S. property/casualty insurance industry saw its net underwriting gains increase to $5.4 billion in the first nine months of 2019 from $4.7 billion a year earlier, bolstered by growth in premiums and a drop in catastrophe losses. The …
Fri, 17 Jan 2020 14:04:32 +0000
The U.S. Supreme Court refused to shield state-run universities from having to appear before a federal administrative body to defend the validity of patents they own. The justices turned down an appeal by the University of Minnesota that argued it …
Fri, 17 Jan 2020 13:51:27 +0000
PG&E Corp. needs to explain how it will keep a promise to pay fire victims $13.5 billion in the face of a demand from the Federal Emergency Management Agency for a cut of that money, a bankruptcy judge said Wednesday. …
Fri, 17 Jan 2020 13:06:01 +0000
Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business. Liberty will continue to provide services and honor its commitments to existing...
Fri, 17 Jan 2020 12:38:59 +0000
Indonesia will appoint state financial firm PT Bahana Pembinaan Usaha Indonesia as a holding company for state insurers to improve their finances, a deputy minister said on Thursday, as the government puts together a rescue plan for a second troubled …
Fri, 17 Jan 2020 12:16:39 +0000
Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to fortify facilities, relying instead on insurance and securing alternative supply sources, a Reuters poll found. Japanese ...
Fri, 17 Jan 2020 08:25:48 +0000
Townships in South Dakota are facing economic difficulties as 2019 flood repair costs mount. Townships primarily depend on their taxpayers for funds to repair more than 31,000 miles (50,000 kilometers) of roads while they wait for reimbursements from t...
Fri, 17 Jan 2020 07:19:27 +0000
The wrongful death trial against a oilfield equipment contractor in connection with a January 2018 explosion and fire that killed five men in southeastern Oklahoma is underway. The McAlester News-Capital reports that attorneys for the families of Parke...
Fri, 17 Jan 2020 06:51:23 +0000
The Midwest Insurance Agency Alliance (MIAA), a regional insurance agency network based in Lincoln, Nebraska, has added support Jamie Wright and Rebekah Siegfried to support the organization’s continued growth in Iowa. Wright has joined MIAA as regiona...
Fri, 17 Jan 2020 06:47:50 +0000
Catapult Insurance Solutions, a privately held managing general insurance agency and wholesale brokerage based in Dallas, has promoted Becky King to vice president of Underwriting and product manager, and added Steve Fisher as vice president of Busines...
Fri, 17 Jan 2020 06:00:22 +0000
LEBANON, Ohio — Something wasn’t right with the Rhino. Reports started trickling in to the Consumer Product Safety Commission (CPSC) in 2005 of people being killed or injured in the Yamaha Motor Co. off-road vehicles when they tipped over. But …
Fri, 17 Jan 2020 05:53:55 +0000
Coastal Insurance Underwriters, Inc., a Ponte Vedra Beach Florida based MGU and program administrator, acquired the assets of Cybercom International Corp. on Jan. 2, 2020. Cybercom International Corporation, Inc. (CIC) was established in 1997 as a cust...
Fri, 17 Jan 2020 05:45:51 +0000
BMS Group, an independent specialist reinsurance broker, has appointed of Alejandro Ceron as BMS Latin America & Caribbean chief operating officer, effective immediately. Ceron will be based in Miami and reports to Jose Astorqui, CEO of BMS Latin Ameri...
Fri, 17 Jan 2020 05:33:20 +0000
The U.S. Department of Labor has ruled in favor of a nuclear engineer who says the Tennessee Valley Authority fired her in retaliation for reporting safety and personnel concerns. The Labor Department is ordering the utility to restore Beth Wetzel’s …
Fri, 17 Jan 2020 05:29:59 +0000
A newspaper says it found high levels of a toxic chemical in the drinking water near one of South Carolina’s largest military bases. The Post and Courier paid University of Rhode Island researchers to examine tap water at the Crescent …
Fri, 17 Jan 2020 05:09:46 +0000
Liberty Mutual Surety has launched a new product line dedicated to contract transactional and small- to mid-sized surety business. Liberty Mutual Surety Plus is available through independent agents and serves contractors that need standard bond program...