Tue, 16 Jul 2019 14:33:49 +0000
Everest Insurance announced the addition of Joshila Tailor as the global head of Fine Art and Specie for Everest Insurance International, which includes Everest Insurance Ireland DAC and Lloyd’s Syndicate 2786. Tailor brings over 20 years of industry e...
Tue, 16 Jul 2019 14:22:06 +0000
DARAG Group Ltd., the Malta-based legacy acquirer, announced it has entered into a retrospective quota share reinsurance agreement with Protector Forsikring, the Norwegian insurance company. DARAG’s German risk carrier, DARAG Deutsche Versicherungs-und...
Tue, 16 Jul 2019 13:33:09 +0000
Brown & Brown Metro LLC has acquired substantially all of the assets of Innovative Risk Solutions Inc. Innovative Risk Solutions was founded in 2004 by sole shareholder Sean Gormley with the goal of providing employee benefits for Innovative’s customer...
Tue, 16 Jul 2019 13:05:13 +0000
The workers’ compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening in market fundamentals. According to a Fitch Ratings report, the industry’s statutory combined ratio fell to 86% in 2018,...
Tue, 16 Jul 2019 12:53:02 +0000
Have you been to the Reinsurance Rendezvous in Monte Carlo? What would you tell someone thinking of going for the first time about the experience? Carrier Management is looking to compile stories and advice from professionals who have been to …
Tue, 16 Jul 2019 12:28:20 +0000
The company that brought you free digital maps and email wants to do the same thing for your drone. Wing LLC, an offshoot of Alphabet Inc.’s Google, on Tuesday unveiled a new app it calls OpenSky that it hopes will …
Tue, 16 Jul 2019 09:08:35 +0000
The insurance industry is facing a complicated cocktail of massive political and economic uncertainty, climate risks, huge shifts in technology and increasing regulatory burdens. These are just some of the industry challenges cited by Jon Dye, chief ex...
Tue, 16 Jul 2019 05:50:52 +0000
Chubb has added small business insurance to cover risks faced by the food service industry to its digital platform – the Chubb Marketplace, which features a suite of products for businesses with up to $30 million in revenue. According to …
Tue, 16 Jul 2019 05:44:31 +0000
A Florida appellate court ruled that the state’s approach to regulating marijuana is unconstitutional, possibly allowing more providers to jump into a market positioned to become one of the country’s most lucrative. If the ruling stands, it could force...
Tue, 16 Jul 2019 05:37:39 +0000
Law enforcement officers in five southern states are planning a crackdown on speeding motorists next week. State troopers and local officers in Alabama, Georgia, Florida, South Carolina and Tennessee are participating in a speed enforcement campaign ca...
Tue, 16 Jul 2019 05:00:51 +0000
Children living in states with strict firearm laws are less likely to die from gun violence than those in states with more lax restrictions, according to a study in Pediatrics published Monday. The more rigorous the rules, the lower the …
Tue, 16 Jul 2019 05:00:23 +0000
Global broker Willis Towers Watson announced the appointment of Jim Dunlap as head of Construction Broking in North America. The portfolio of construction clients includes contractors, project owners, developers, architects and engineers. Dunlap joined...
Tue, 16 Jul 2019 05:00:01 +0000
A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company’s bid for a new trial. U.S. District …
Tue, 16 Jul 2019 04:53:02 +0000
North Carolina’s Insurance Commissioner has extended the hearing scheduled for the proposed statewide average 17.4% homeowners’ insurance rate increase by one month from Sept. 4, 2019, to Oct. 2, 2019, saying he needs the additional time to review the ...
Tue, 16 Jul 2019 04:43:24 +0000
Harden, an insurance, risk management and employee benefits firm in the Southeast, has formally expanded into the South Florida market with the opening of an office in Fort Lauderdale. The firm currently serves many clients in South Florida, nationally...
Mon, 15 Jul 2019 16:37:21 +0000
A company that owns a duck boat that sank on a Missouri lake last summer, killing 17 people, said that it has settled or is in the process of settling more than half of the lawsuits it faces. KYTV reports …
Mon, 15 Jul 2019 16:35:06 +0000
Insurance brokerage, Virtus, has acquired Cobbs Allen’s Kansas City employee benefits practice. This acquisition supplements Virtus’ Kansas City presence and adds depth and expertise to its employee benefits practice group. Virtus was founded in Kansas...
Mon, 15 Jul 2019 16:27:14 +0000
Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …
Mon, 15 Jul 2019 16:26:11 +0000
Missouri Gov. Mike Parson has vetoed a bill that would have allowed some motorcycle riders to drive without helmets, citing opposition to an unrelated provision in the measure. The legislation would have repealed Missouri’s helmet requirement for motor...
Mon, 15 Jul 2019 16:23:22 +0000
Two earthquakes shook the Puget Sound region in Washington state early Friday morning, with the temblors felt into British Columbia and across the Cascade Mountains into the eastern part of the state. There were no immediate reports of damage or …
Mon, 15 Jul 2019 16:14:38 +0000
Few Nevada residents and businesses have earthquake coverage, but insurance officials said they are expecting interest to increase after the two California earthquakes that rattled the region. The magnitude 6.4 and magnitude 7.1 quakes in the Southern ...
Mon, 15 Jul 2019 16:11:23 +0000
Oklahoma’s attorney general is expected to urge a judge to find Johnson & Johnson responsible for flooding the market with painkillers and fueling the U.S. opioid epidemic, as the first trial in nationwide litigation over the drug crisis comes to …
Mon, 15 Jul 2019 16:05:00 +0000
Risk Strategies, a privately held, national insurance brokerage and risk management firm headquartered in Boston, has acquired San Diego, California-based Winter Group Inc., a specialty insurance program manager with a focus on the trucking industry. T...
Mon, 15 Jul 2019 15:58:36 +0000
The Insurance Council of Texas has presented the Raymond Mauk Leadership Award to Verle Petri, a long time insurance executive and expert on Texas insurance regulation and policy. ICT honored Petri with the award during the 27th Annual ICT/AFACT Proper...
Mon, 15 Jul 2019 15:41:03 +0000
A federal appeals court upheld a lower court order that blocked the Trump administration from enforcing rules that allow more employers to deny insurance coverage for contraceptives to women. The three-judge panel of the 3rd U.S. Circuit Court of Appea...
Mon, 15 Jul 2019 14:10:57 +0000
SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States. SkyWatch.AI’s UK policies will be underwritten by specialty insurance and reinsurance group Chaucer. ...
Mon, 15 Jul 2019 13:56:44 +0000
Saxe Doernberger & Vita, P.C. (SDV) has hired associate Christine Baptiste-Perez to its SDV Northeast office. Before attending law school, Baptiste-Perez taught high school Spanish in Louisiana and worked in human resources recruitment. She comes to SD...
Mon, 15 Jul 2019 13:45:46 +0000
Global insurance broking business Brokerslink announced three new African affiliates have joined its global broker network bringing its presence across the Middle East and Africa region to 36 countries. The new affiliates are; Assureurs Conseil Réunis...
Mon, 15 Jul 2019 13:18:16 +0000
American International Group reported that Tom Parker is joining the company as deputy chief Information Security officer. Parker will work with Rich Baich, AIG’s chief Information Security officer, on global cybersecurity risk management strategies. P...
Mon, 15 Jul 2019 13:09:44 +0000
USI Insurance Services (USI) has acquired Wexford, Penn.-based employee benefits services firm, JRG Advisors LLC. The company’s existing operations will be combined with Emerson Reid, USI’s employee benefits wholesale brokerage division. USI is a Valha...