Wed, 16 Aug 2017 19:01:32 +0000
SuretyWave LLC has acquired Sherman Oaks, Calif.-based Insure Vision Technologies. Terms of the deal were not disclosed. The acquisition paves the way for SuretyWave to integrate its digital business-architected platform with IVT’s web-based surety bon...
Wed, 16 Aug 2017 16:45:33 +0000
Boca Raton, Fla.-based Seeman Holtz Property & Casualty Inc. has acquired Primera Capital, headquartered in Dallas, Texas. Primera’s Anthony Davis and team have been offering both auto insurance and tax services to the Dallas area for over seven years....
Wed, 16 Aug 2017 16:36:08 +0000
USG has promoted Mark Strayhan to insurance producer/broker for the Troy, Mich., office. He formerly held the title of associate producer/broker. Strayhan will continue building his book of business and agency retail network. Strayhan joined the USG te...
Wed, 16 Aug 2017 16:24:10 +0000
Managing general agency and surplus lines broker, J.M. Wilson, has promoted Andrew Hamilton to branch manager in its Westerville, Ohio, office. Hamilton will plan the operations of the office, coordinate the staff, and work towards building relationshi...
Wed, 16 Aug 2017 16:18:20 +0000
Records show that Dallas, Texas, has spent almost $11 million in the past five years settling more than 20 lawsuits against police, a huge increase compared to the previous five years. KDFW-TV reports the city spent less than $400,000 to …
Wed, 16 Aug 2017 16:14:07 +0000
Some activists are pushing to change rules that require groups to obtain $1 million in liability insurance before holding a protest at the Iowa Capitol. The Des Moines Register reports the Iowa Department of Administrative Services says it will review …
Wed, 16 Aug 2017 16:09:34 +0000
The disposal of wastewater from oil and gas production by injecting it deep into the ground has been linked to a dramatic increase in earthquake activity in Oklahoma since 2009. Injection rates have declined recently because of regulatory actions and …
Wed, 16 Aug 2017 15:56:00 +0000
A U.S. judge overseeing the bankruptcy of Takata Corp.’s U.S. business on Wednesday halted lawsuits for 90 days against automakers brought by victims of its faulty air bag inflators. Takata requested a six-month stay of the lawsuits, arguing an injunct...
Wed, 16 Aug 2017 15:21:30 +0000
Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, announced it has hired Michael Belfatti to the newly created position of chief operating officer, effective immediately. Belfatti’s responsibilities a...
Wed, 16 Aug 2017 15:01:36 +0000
The U.S. Geological Survey has awarded $4.9 million to six universities and a nonprofit to help advance an early warning system for earthquakes along the West Coast. The federal agency says the ShakeAlert system could give people seconds or up …
Wed, 16 Aug 2017 14:59:28 +0000
The high volume of water that poured down Wyoming rivers and streams from a melting record mountain snowpack this year is being blamed for several river deaths and causing tens of millions of dollars in damage to roads, recreation sites …
Wed, 16 Aug 2017 14:30:29 +0000
Second of Two Articles Good leadership is essential if the industry is going to successfully navigate the challenges ahead, Stephen Catlin told Insurance Journal during a recent interview, as he looked back at lessons he’s learned during his 40-year jo...
Wed, 16 Aug 2017 13:17:30 +0000
Preliminary data show U.S. motor vehicle deaths and injuries were down slightly in the first six months of 2017, although they were still significantly higher than they were two years ago, according to the National Safety Council. There were 18,689 …
Wed, 16 Aug 2017 12:59:19 +0000
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …
Wed, 16 Aug 2017 12:56:01 +0000
A Massachusetts behavioral health facility faces $207,690 in proposed penalties from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for violations found while conducting a follow-up inspection. On June 29, 2017, OSH...
Wed, 16 Aug 2017 12:48:24 +0000
American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …
Wed, 16 Aug 2017 12:43:15 +0000
The last of the evacuated residents of a small Pennsylvania town were finally able to return to their homes one week after a freight train carrying hazardous materials derailed and caught fire. CSX spokesman Rob Doolittle said residents of 40 …
Wed, 16 Aug 2017 12:29:44 +0000
Massachusetts Governor Charlie Baker last month signed H. 3680, a bipartisan bill to extend protections to pregnant workers in the state. The legislation, An Act Establishing the Massachusetts Pregnant Workers Fairness Act, will prohibit workplace and ...
Wed, 16 Aug 2017 11:29:37 +0000
China, facing a possible decline in foreign investment this year, will become more open for international investors and take steps to better protect intellectual property, its cabinet said on Wednesday. In recent months, the Chinese government has made...
Wed, 16 Aug 2017 09:33:18 +0000
I was having dinner with a friend in downtown Taipei on Tuesday night when the electricity went off for the second time that day. Workers accidentally shut off the supply of natural gas to a single power generator just a …
Wed, 16 Aug 2017 09:16:44 +0000
A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently pushed to its limit and to President Tsai Ing-wen’s efforts to reshape the island’s power mix. A combination of unusually …
Wed, 16 Aug 2017 05:00:52 +0000
Chubb has named Barbara Sandelands executive vice president and Customarq Package product manager for its Commercial Insurance division in North America. In this newly created role, she will be responsible for profit and loss, product and system develo...
Wed, 16 Aug 2017 05:00:17 +0000
A federal appeals court on Tuesday revived a California man’s lawsuit accusing Spokeo Inc. of publishing an online profile about him that was filled with mistakes. The 9th U.S. Circuit Court of Appeals ruled 3-0 in favor of Thomas Robins, …
Wed, 16 Aug 2017 05:00:16 +0000
Health insurance premiums for many customers on the Obamacare individual insurance markets would be 20 percent higher in 2018 if U.S. President Donald Trump follows through on a threat to stop billions of dollars of payments to health insurers, a …
Wed, 16 Aug 2017 05:00:14 +0000
The non-profit Center for Auto Safety has appointed Jason K. Levine as its new executive director. Levine succeeds the late Clarence M. Ditlow III, who headed the organization for 40 years. Ditlow died from cancer last November. Levine, a consumer …
Wed, 16 Aug 2017 05:00:11 +0000
A federal judge on Monday said Tiffany & Co. may recover at least $19.4 million in damages from Costco Wholesale Corp. over the warehouse club chain’s illegal sale of counterfeit diamond engagement rings bearing the “Tiffany” name. U.S. District Judge …
Wed, 16 Aug 2017 04:43:42 +0000
South Carolina sued Purdue Pharma LP on Tuesday, becoming the latest state or local government to accuse the OxyContin maker of deceptive marketing practices that have contributed to a national opioid addiction epidemic. The lawsuit by South Carolina A...
Wed, 16 Aug 2017 04:24:57 +0000
Georgia District 9 State Senator and Vice President of Hood Insurance Agency in Lawrenceville, Ga., P.K. Martin was elected by members of the Professional Insurance Agents Southern Alliance to serve as chairman at their annual meeting. Originally found...
Wed, 16 Aug 2017 04:00:16 +0000
Scientists studying the aftermath of a massive coal-ash spill in North Carolina have discovered a byproduct of the fossil fuel that may pose human health risks. Duke Energy Corp. announced in early February 2014 that drainage from a broken pipe …
Tue, 15 Aug 2017 21:45:56 +0000
JLT Re has named Andrew Ferrier executive vice president to lead the Western region with a focus on global, regional and MGA business. Ferrier is expected to join in September and will be based in JLT Re’s San Francisco office, …