July 19, 2018

Thu, 19 Jul 2018 11:43:37 +0000
Willis Towers Watson, the global advisory, broking and solutions company, announced that its board of directors has extended the contract of its chief executive officer, John Haley, until Jan. 1, 2021. “We are pleased to retain John Haley’s leadership ...
Thu, 19 Jul 2018 11:34:12 +0000
Not-for-profit catastrophe modeling platform Oasis Loss Modelling Framework announced that all components of its catastrophe modeling software are now open source and downloadable from GitHub, free of charge. This step means that Oasis is making sophis...
Thu, 19 Jul 2018 11:18:04 +0000
Britain’s banks and insurers must plan for a “hard” Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday. “With eight months until we exit the European Union in March 2019, …
Thu, 19 Jul 2018 10:59:41 +0000
China’s Anbang Insurance Group Co. Ltd. is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with knowledge of the matter said. The sales are likely …
Thu, 19 Jul 2018 10:48:03 +0000
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Li...
Thu, 19 Jul 2018 05:13:25 +0000
Philadelphia Insurance Companies’ (PHLY) has launched a new Pool and Spa Contractors Program in response to increased demand for pool construction. The PHLY comprehensive package product includes coverage for pool and spa contractors with a single carr...
Thu, 19 Jul 2018 05:08:07 +0000
North Carolina and federal health officials want to test whether neighbors of a chemical company are carrying little-understood industrial compounds in their bodies. North Carolina’s Department of Health and Human Services said Tuesday it is working wi...
Thu, 19 Jul 2018 05:00:49 +0000
Top Republican lawmakers on Tuesday attacked one of the legal protections most prized by social media companies such as Alphabet Inc.’s Google and Facebook Inc., questioning whether they should be held liable for content posted by users. House Judiciar...
Thu, 19 Jul 2018 05:00:49 +0000
It took just minutes for the hashtag #BoycottMGMResorts to appear on Twitter, and for people to declare they would no longer patronize the largest casino owner on the Las Vegas Strip. “Was going to stay in November already changed my …
Thu, 19 Jul 2018 05:00:09 +0000
A government audit released on Wednesday faulted the National Highway Traffic Safety Administration’s oversight of auto safety recalls and said its “delayed action” may have delayed the expansion of a record-setting callback of millions of vehicles for...
Thu, 19 Jul 2018 05:00:00 +0000
A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the …
Thu, 19 Jul 2018 04:55:22 +0000
Clegg Insurance Group and Advanced Insurance Brokerage (AIB), both in the Tampa, Fla., area – signed off on a new deal last month that will merge the companies’ property and casualty coverage portfolios. Together, the two companies will offer new …
Thu, 19 Jul 2018 04:48:46 +0000
“I think the number one thing the insurance industry can do is link AOB (assignment of benefits) to the impact that it’s having on the individual consumer and the huge impact it’s having on the premiums that the consumer’s paying,” …
Thu, 19 Jul 2018 00:46:05 +0000
American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight months after Brian Duperreault took...
Wed, 18 Jul 2018 22:43:40 +0000
WSS, part of XPT, a new specialty insurance distribution company, has named Lynn Bertram senior broker/underwriter in the commercial lines department, while Stefanie McLeod will serve as vice president and senior production underwriter in the personal ...
Wed, 18 Jul 2018 22:41:35 +0000
Paragon Insurance Holdings LLC is expanding in San Diego, Calif. with the opening of a new office in downtown and the hiring of Robert Etzler. He will serve as senior vice president and director of workers’ compensation. Prior to joining …
Wed, 18 Jul 2018 16:45:09 +0000
Oan has died and another was hurt when a trash container fell off a forklift at a soup plant in North Carolina. The Robeson County Sheriff’s Office told news outlets that 59-year-old Alex Radford of Laurinburg died late Sunday morning …
Wed, 18 Jul 2018 16:42:13 +0000
EPIC Insurance Brokers and Consultants has tapped Josh Close as client services coordinator in the firm’s Birmingham, Ala.-based national energy construction practice, reporting to EPIC Principal Brian Tanner. Close will be involved in all aspects of c...
Wed, 18 Jul 2018 16:36:59 +0000
A fire official says a blaze at a Tennessee assisted living facility injured one person and led to dozens of others being evacuated from the building. Officials told news outlets that an air conditioning unit caught fire Monday night in …
Wed, 18 Jul 2018 16:33:19 +0000
Authorities say an Alabama farmer has acknowledged falsifying documents that allowed him to receive $919,000 in crop insurance money he wasn’t entitled to. The Dothan Eagle reported last month that Dexter Day Gilbert pleaded guilty recently to submitti...
Wed, 18 Jul 2018 15:33:03 +0000
Police say they’ll soon decide whether to recommend prosecutors file charges in connection with a natural gas explosion that killed a Wisconsin firefighter. Authorities say a construction crew struck a gas main in downtown Sun Prairie on July 10, resul...
Wed, 18 Jul 2018 15:30:09 +0000
Oklahoma’s attorney general says he’s assigning a team of lawyers to advise him on matters surrounding the Board of Health’s decision to insert last-minute restrictions on the state’s new medical marijuana industry. Attorney General Mike Hunter announc...
Wed, 18 Jul 2018 15:21:06 +0000
The National Weather Service says the storm that swept across northern Arizona over the weekend amounted to a 100-year event. The Arizona Daily Sun reported that those types of storms have a 1 percent chance of happening every year and …
Wed, 18 Jul 2018 15:03:39 +0000
An insurance company was upheld in its denial of a claim filed by a hunter who was accidentally shot in the head nearly four years ago on its insured’s property. According to court documents, David Devine shot Patrick Humfeld in …
Wed, 18 Jul 2018 14:57:38 +0000
Uber is facing a U.S. government investigation into allegations that the ride-hailing service set up a pay structure that discriminated against its female workers. The U.S. Equal Employment Opportunity Commission opened the probe in August 2017, accord...
Wed, 18 Jul 2018 14:43:34 +0000
SCM Insurance Services has acquired Affirmative Risk Management in Little Rock, Arkansas. ARM will continue to be led by David Elliott, its president. Elliott will report to Scott Goodreau, chief operating officer of USA SCM Insurance Services. ARM pro...
Wed, 18 Jul 2018 13:06:23 +0000
A Massachusetts woman who was fired by a food services company for her recreational marijuana use says she was wrongfully terminated. The Eagle-Tribune reports that 55-year-old Bernadette Coughlin was fired last month from her job as a supervisor with ...
Wed, 18 Jul 2018 12:57:52 +0000
New York City’s first driverless shuttle has arrived. In Times Square, a self-driving P-1 shuttle from COAST Autonomous was demonstrated Tuesday along an approximately 150-yard course. “It’s historic,” said Pierre Lefevre, inventor of the first low spe...
Wed, 18 Jul 2018 12:37:36 +0000
The Arbella Insurance Group has appointed Andrew O’Donoghue to the position of assistant vice president of sales and marketing. In this role, O’Donoghue will report to Steve Jacobs, vice president of sales and marketing, and will continue to work close...
Wed, 18 Jul 2018 12:31:23 +0000
Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired Oxford Risk Management Group, a Sparks, Md.-based provider of alternative risk and captive insurance and consulting. Term...