November 22, 2019

Fri, 22 Nov 2019 10:19:26 +0000
Arch Reinsurance, a subsidiary of Arch Capital Group Ltd., is acquiring Aspen Reinsurance’s global credit and surety reinsurance business after Aspen Re decided to exit the line. In addition to the renewal rights on the portfolio, Arch and Aspen have …
Fri, 22 Nov 2019 09:57:59 +0000
London’s transit authority is set to announce as soon as Monday whether it will grant Uber Technologies Inc. a new license to operate. If Transport for London decides against the company, Uber could face expulsion from its most important European …
Fri, 22 Nov 2019 06:45:53 +0000
One person was seriously injured in a Midland, Texas, explosion and fire on Thursday involving several storage tanks and a truck used in oilfield operations, city and hospital officials said. The fire was contained at the property owned by petroleum …
Fri, 22 Nov 2019 06:27:24 +0000
MRI Software (MRI), a global provider of real estate software, has acquired Ohio-based Multifamily Insurance Partners, which provides resident insurance programs for the US multifamily rental market. The launch of MRI Multifamily Insurance gives proper...
Fri, 22 Nov 2019 06:23:15 +0000
Chicago-based HDI Global Insurance Co. (HDI Global USA) has appointed Jim Clark as its chief executive officer, effective Jan. 1, 2020. Brad Diericx, chief financial officer of HDI Global USA since 2014, will assume the role of president. Clark, who …
Fri, 22 Nov 2019 06:00:58 +0000
McDonald’s Corp. employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and attack them. The …
Fri, 22 Nov 2019 06:00:36 +0000
A U.S. appeals court on Thursday said boxing fans who felt cheated after learning that Manny Pacquiao had been injured before fighting Floyd Mayweather Jr. cannot pursue class-action litigation because the 2015 welterweight bout dubbed the “Fight of th...
Fri, 22 Nov 2019 06:00:02 +0000
Uber Technologies Inc. is adding video and audio recording for more trips — a move designed to make the service safer and help settle disputes, but which has triggered privacy concerns about the personal information the ride-hailing giant collects. Uber …
Thu, 21 Nov 2019 20:51:22 +0000
Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts. “The escalating frequency and severity of extreme w...
Thu, 21 Nov 2019 19:21:31 +0000
President Donald Trump signed legislation on Thursday that will extend funding for a wide range of federal agencies through Dec. 20 and avoid partial government shutdowns that otherwise would have begun on Friday. An administration official said Trump ...
Thu, 21 Nov 2019 17:50:24 +0000
Top U.S. House Democrats have called for a federal review of the Keystone pipeline and the agency that regulates it in the wake of 383,000-gallon (1.4-million-liter) spill in northeastern North Dakota, the latest of three spills along the line in …
Thu, 21 Nov 2019 17:37:08 +0000
The Oklahoma Supreme Court has ruled that cities may approve some regulations of the medical marijuana industry. The court has dismissed an appeal by the city of Broken Arrow in a case filed by marijuana grower Austin Miller. Miller said …
Thu, 21 Nov 2019 17:35:46 +0000
Artex Risk Solutions Inc., a captive and alternative risk transfer specialist subsidiary of Rolling Meadows, Illinois-based global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired EWI Re Inc., h...
Thu, 21 Nov 2019 17:33:56 +0000
Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its …
Thu, 21 Nov 2019 17:03:42 +0000
Accel Wealth Management LLC, a financial services division of Accel Holdings Inc., has acquired Premier Advisors LLC, an independent financial management consulting firm located in Cedar Rapids, Iowa. The Accel Group, an independent insurance agency, h...
Thu, 21 Nov 2019 17:01:50 +0000
The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans to reorganize its international businesses operating within ...
Thu, 21 Nov 2019 16:09:01 +0000
The family of a 92-year-old Vancouver, Wash. woman who died after ambulance workers who were transporting her allegedly dropped her onto a sidewalk has filed a $4 million lawsuit. The Oregonian/OregonLive reported the lawsuit was filed this week in Mul...
Thu, 21 Nov 2019 16:04:06 +0000
About 50,000 homes and businesses across Northern California were without power on Wednesday during the latest planned outage instituted by utility Pacific Gas & Electric Co. to guard against risk of wildfire during dry, windy weather. The precautionar...
Thu, 21 Nov 2019 15:22:54 +0000
The American Medical Association has called for an immediate ban on all electronic cigarettes and vaping devices. The group adopted the sweeping stance at a policy-making meeting in San Diego. It aims to lobby for state and federal laws, regulations …
Thu, 21 Nov 2019 14:47:12 +0000
Liberty Mutual Insurance has appointed Max Libman as lead underwriting consultant for its national Sharing Economy & New Mobility unit. The dedicated Sharing Economy & New Mobility practice was launched earlier this year. The practice helps ride-hailin...
Thu, 21 Nov 2019 14:36:23 +0000
More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant’s pelvic mesh implants. The suit is one of many J&J …
Thu, 21 Nov 2019 14:35:11 +0000
Last week, the Minnesota Supreme Court heard Kenneh v. Homeward Bound, a sexual harassment case that takes aim at the legal requirement that harassment must be “severe and pervasive.” The case hinges on an assistant program supervisor harassed by a …
Thu, 21 Nov 2019 14:13:16 +0000
A little-used block of spectrum set aside for auto safety should be split to accommodate the rapidly growing number of wireless devices, the chairman of the U.S. telecoms regulator said on Wednesday, a plan that sets up a clash between …
Thu, 21 Nov 2019 13:54:40 +0000
Uber Technologies Inc. faces a new legal attack on its refusal to treat drivers as employees that depicts the company as mistreating not just them but the public at large. A lawyer who’s been fighting the ride-hailing giant in court …
Thu, 21 Nov 2019 12:48:40 +0000
Thousands of lawsuits across the United States have accused a drug company owned by the billionaire Sackler family of using false claims to push highly addictive opioids on an unsuspecting nation, fueling the deadliest drug epidemic in U.S. history. Ye...
Thu, 21 Nov 2019 12:30:39 +0000
New York Superintendent of Financial Services Linda A. Lacewell has appointed My Chi To as executive deputy superintendent of the Insurance Division at the Department of Financial Services (DFS), which regulates more than 1,400 insurance companies with...
Thu, 21 Nov 2019 12:27:28 +0000
A hospital in northern Maine has been ordered to pay more than $1.2 million in damages to a woman in a medical negligence lawsuit. A jury in Aroostook County found that Cary Medical Center in Caribou, Maine, didn’t properly treat …
Thu, 21 Nov 2019 12:21:35 +0000
A new report says Connecticut has had the most metal theft insurance claims in the country. The National Insurance Crime Bureau issued a report recently that found that Connecticut had the most metal theft insurance claims per capita in 2017 …
Thu, 21 Nov 2019 12:13:20 +0000
Florida Insurance Commissioner David Altmaier has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for a statewide overall decrease of 7.5% for Florida workers’ compensation insurance rates. This applies t...
Thu, 21 Nov 2019 12:12:17 +0000
Sedgwick, the London-based provider of risk, benefits and integrated business solutions, announced the appointment of Wayne Manning as head of client services for its international division. With more than 25 years’ experience in insurance, claims and ...