Fri, 15 Nov 2019 12:08:40 +0000
The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman. “Women are arguably the single largest under-served g...
Fri, 15 Nov 2019 07:32:40 +0000
Federal transportation safety investigators criticized the U.S. Coast Guard Wednesday for ignoring suggestions over nearly two decades to improve tourist duck boats, changes they say might have prevented last year’s Missouri accident that killed 17 peo...
Fri, 15 Nov 2019 06:34:32 +0000
Michigan drivers who want unlimited medical coverage for crash injuries will pay $100 per vehicle starting in July, which will be 55% less than the record-high $220 annual fee they currently pay. The Michigan Catastrophic Claims Association, a state-cr...
Fri, 15 Nov 2019 06:00:55 +0000
USI Insurance Services has acquired Portland, Ore.-based insurance agency Alfred J. Davis Co. Terms of the deal were not disclosed. The agency’s employees and business operations will be integrated with USI’s existing office in Portland. Alfred J. Davi...
Fri, 15 Nov 2019 06:00:37 +0000
In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency. Investors, analysts, research firms and companies are putting more emphasis on how climate is...
Fri, 15 Nov 2019 06:00:30 +0000
DuPont de Nemours Inc.’s ex-top executive is backtracking on claims the chemical maker never intended to saddle its spinoff Chemours Co. with “unlimited exposure” for liabilities. Ellen Kullman, who resigned as CEO in 2015, said in a court filing direc...
Fri, 15 Nov 2019 06:00:28 +0000
Inszone Insurance Services has acquired Jones Wilson Insurance in Benson, Ariz. Terms of the deal weren’t disclosed. Jones Wilson Insurance becomes the third acquisition for Inszone Insurance in Arizona this year. Jones Wilson Insurance has provided in...
Fri, 15 Nov 2019 05:31:44 +0000
North Carolina’s insurance commissioner from 2009 through 2016 wants the job again. Democrat Wayne Goodwin announced Tuesday he’ll run for commissioner next year, setting up a potential rematch with current Commissioner Mike Causey, the Republican who ...
Fri, 15 Nov 2019 05:28:19 +0000
County commissioners on the North Carolina coast have moved to reopen an island ravaged by Hurricane Dorian. Acting on a recommendation from the Ocracoke Control Group, the Hyde County Commissioners on Monday adopted the proposal to open the island to …
Fri, 15 Nov 2019 05:24:50 +0000
Federal safety officials have fined an amusement park on the North Carolina-South Carolina line after a maintenance worker was injured last March. The Charlotte Observer reports the Occupational Safety and Health Administration levied a $42,000 fine on...
Fri, 15 Nov 2019 05:21:16 +0000
Georgia officials have made appointments to the state medical marijuana commission, a key step toward implementing a law designed to increase patient access. Republican Gov. Brian Kemp, Lt. Gov. Geoff Duncan and House Speaker David Ralston announced se...
Fri, 15 Nov 2019 05:17:16 +0000
Zurich Insurance has rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry. The endorsements were created in response to the growing threats posed to U.S. indust...
Fri, 15 Nov 2019 00:15:22 +0000
California Insurance Commissioner Ricardo Lara has adopted and issued a revised average advisory pure premium rate, lowering the benchmark to $1.52 per $100 of payroll for workers’ compensation insurance, effective Jan. 1, 2020. This is the ninth conse...
Thu, 14 Nov 2019 20:36:58 +0000
California’s property insurer of last resort will soon be offering more homeowners coverage options as directed by the state’s insurance commissioner in response to the pressure put on the property insurance market by wildfire risks. California Commiss...
Thu, 14 Nov 2019 19:30:01 +0000
On the tail-end of what turned out to be an extremely risky year for cannabis companies, one must wonder what 2020 has in store for a quasi-legal industry that is contending with a vaping crisis, contentious politics at all levels …
Thu, 14 Nov 2019 17:05:28 +0000
Simon Matson, CEO of Arthur J. Gallagher’s UK broking and underwriting business, has apologized for “insensitive comments” made when former employees left Gallagher-owned Alesco to join Ardonagh Group. Comments made by Matson and other Alesco executive...
Thu, 14 Nov 2019 16:59:50 +0000
Suzette Torres and Gina Marquez have joined the Houston management team of wholesale insurance broker and underwriting manager, Burns & Wilcox. Torres joins as a managing director and Marquez joins as an operations manager. Torres oversees day-to-day m...
Thu, 14 Nov 2019 16:48:29 +0000
Nationwide’s pet insurance operation has new top dog. Heidi Sirota has been named chief pet officer for Nationwide’s pet health insurance unit. In her new role, Sirota will oversee all aspects of Nationwide pet insurance operation including profitabili...
Thu, 14 Nov 2019 15:36:18 +0000
The California Trucking Association and two California independent owner-operator truck drivers have filed an amended complaint with the U.S. Southern District Court seeking declaratory and injunctive relief against California’s new independent contrac...
Thu, 14 Nov 2019 15:33:31 +0000
Vermont police are investigating after one person was injured by the explosion of what’s described as a “small homemade destructive device.” Brattleboro police say there is no known concern for the safety of the public. Police and rescue crews were …
Thu, 14 Nov 2019 15:25:49 +0000
Sean P. Campbell recently joined Union Mutual of Vermont Companies as assistant vice president of Personal Lines Underwriting and Business Development, President and CEO Michael Nobles announced. Campbell will be based in Central New York in his new ro...
Thu, 14 Nov 2019 14:56:12 +0000
A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer’s top leadership team and that she was fired after complaining about a lack of diversity. Mona Moazzaz, a former chi...
Thu, 14 Nov 2019 14:39:16 +0000
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has appointed 25-year industry veteran Michael S. Grant as employee benefits practice leader for the firm’s Greater New York region. Prior to joining Risk Strateg...
Thu, 14 Nov 2019 14:37:22 +0000
Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this bad. “Getting coverage is nearly impossible,” said Pacifico, vice president at Rickenbaugh Automotive Group. Two years ago he ...
Thu, 14 Nov 2019 14:05:18 +0000
Italian insurer Generali launched a new business Tuesday to cover art works, engaging as a poster boy the contemporary artist Maurizio Cattelan, whose gold-covered statue valued at 2.4 million euros ($2.6 million) was stolen earlier this year from an E...
Thu, 14 Nov 2019 13:54:10 +0000
Mediation between Bayer and plaintiffs in the United States aims to clarify all justified claims related to Roundup herbicide both at the national and state level, mediator Ken Feinberg told a German magazine. “The mediation is going slowly but steadil...
Thu, 14 Nov 2019 13:17:56 +0000
Allianz SE and Microsoft Corp. announced a strategic partnership focused on digitally transforming the insurance industry, making the insurance process easier while creating a better experience for insurance companies and their customers. Through the s...
Thu, 14 Nov 2019 10:32:17 +0000
Chubb announced the appointment of Jason Keen as division president, Chubb Global Markets. In this role, Keen will have responsibility for the leadership, strategy and performance of Chubb Global Markets, which comprises Chubb’s London market wholesale...
Thu, 14 Nov 2019 10:07:48 +0000
Global insurance premiums will grow 3 percent on average over the next two years even with an emerging global economic slowdown, Swiss Re said in its latest sigma report. Rising lost costs will fuel the moderate but steady increase, the …
Thu, 14 Nov 2019 09:49:54 +0000
Scores of wildfires continued to rage across vast tracts of Australia’s drought-stricken east coast on Wednesday, forcing hundreds of residents to evacuate their homes, some for the second time in a week. The most intense fires were concentrated in the …