January 23, 2019

Wed, 23 Jan 2019 07:20:30 +0000
To be the insurer of last resort for wind and hail insurance along the Texas coast, without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives funding primarily …
Wed, 23 Jan 2019 06:16:10 +0000
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired United Health Actuarial Services Inc. (UHAS), a health actuarial, management, and underwriting consulting firm based just north of Indianapolis in Ca...
Wed, 23 Jan 2019 06:13:17 +0000
A program that helps people rebuild homes that were damaged or destroyed in West Virginia’s 2016 flood is being affected by the partial federal government shutdown. The Charleston Gazette-Mail reports a statement from the West Virginia National Guard, ...
Wed, 23 Jan 2019 06:07:34 +0000
A few comic books from a stolen Batman collection worth $1.4 million have been recovered after an arrest in Arizona. News station ABC-15 in Phoenix reports that police charged Phillip Weisbauer of Royal Palm Beach, Florida, with theft and trafficking …
Wed, 23 Jan 2019 06:00:08 +0000
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants. Attorneys general of 46 U.S. states announced the settlement ...
Wed, 23 Jan 2019 05:55:53 +0000
Jacksonville, Fla.-based Brightway Insurance has added Max Staplin as its in-house counsel and member of its executive leadership team. In this new role, Staplin will oversee all legal and compliance matters for the company. According to Brightway Co-F...
Wed, 23 Jan 2019 05:24:31 +0000
Republican Florida Gov. Ron DeSantis criticized the Legislature’s implementation of a medical marijuana law and said last week that if they don’t fix it quickly, he’ll take matters into his own hands. DeSantis wants a new law by mid-March that …
Wed, 23 Jan 2019 00:44:22 +0000
California’s deadly wildfires are raising the specter of higher insurance premiums for homeowners in the state. After “two significant years in a row of losses, I think the discussion and the debate about the environment is pretty broad and pretty …
Wed, 23 Jan 2019 00:38:54 +0000
California state Sen. Majority Leader Bob Hertzberg, D-Van Nuys, on Tuesday announced a bill to allocate $1 billion in funding over the next 10 years to retrofit homes across California. The bill was timed to follow the 25th anniversary of …
Tue, 22 Jan 2019 17:55:36 +0000
Travelers Cos. reported that despite catastrophe losses from the California wildfires and Hurricane Michael, it boosted its profit in the fourth quarter of 2018 thanks to growth in premiums and investment income. Net income rose to $621 million from $5...
Tue, 22 Jan 2019 17:37:52 +0000
New gas leaks have been found at a South Carolina apartment complex where two people were found dead in separate apartments. Columbia firefighters said they started the inspections Thursday night after residents reported smelling gas and crews finding ...
Tue, 22 Jan 2019 17:35:05 +0000
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has reached agreement to acquire Clearwater, Fla.-based Bouchard Insurance, a full-service agency in Florida. Terms of the transaction, which is expected to close later th...
Tue, 22 Jan 2019 17:25:04 +0000
According to a recent Bureau of Labor Statistics (BLS) survey, Louisiana remained one of the safest states in which to work, the Louisiana Workforce Commission reported. The state’s rate of non-fatal accidents and injuries has continually decreased ove...
Tue, 22 Jan 2019 17:13:34 +0000
K2 Insurance Services LLC (K2) has completed its acquisition of the assets and operations of Mid-America Risk Managers Inc. (MARM). MARM, based in Omaha, Nebraska, is a farm and agricultural focused specialty general agency that distributes specialty i...
Tue, 22 Jan 2019 17:05:13 +0000
The U.S. Geological Survey reports a moderate earthquake in northwestern Oklahoma. The U.S.G.S. recorded a magnitude 3.6 quake at 11:27 p.m. Sunday in Major County near the town of Meno, about 75 miles northwest of Oklahoma City. No injuries or …
Tue, 22 Jan 2019 16:04:12 +0000
Newport Beach, Calif.-based Alliant Insurance Services Inc. announced that a Canadian pension investment manager is making an investment in the firm. The investment by the Public Sector Pension Investment Board is joined by an additional investment fro...
Tue, 22 Jan 2019 15:57:40 +0000
A driverless public shuttle is expected to make its Utah debut this year as state officials test the possibilities of autonomous vehicles. The Salt Lake Tribune reported the shuttle that holds about a dozen people is expected to begin operating …
Tue, 22 Jan 2019 15:55:18 +0000
The number of people who died on Utah roads decreased for the second consecutive year, new state statistics show. The 264 deaths on Utah roads in 2018 were the lowest since 2014 and down from 273 the year before, the …
Tue, 22 Jan 2019 15:44:13 +0000
Edison International said much of the damage from the mudslides that swept through the coastal town of Montecito last year was the result of poorly designed and maintained debris basins for which local governments are responsible. The parent company and …
Tue, 22 Jan 2019 14:32:50 +0000
LJM Partners Ltd. on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM …
Tue, 22 Jan 2019 14:28:08 +0000
Krill are shifting south towards Antarctica as the oceans warm, disrupting stocks that are eaten by penguins and whales and caught by industrial trawlers, scientists said on Monday. Main populations of the shrimp-like crustaceans, which grow to 6.5 cm ...
Tue, 22 Jan 2019 14:10:38 +0000
Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers. …
Tue, 22 Jan 2019 14:00:35 +0000
EasyJet lost 15 million pounds ($19 million) during 36 hours of travel chaos sparked by drones flying into London’s Gatwick Airport in December, the budget airline said on Tuesday, adding it should serve as a “wake-up call” to airports. The …
Tue, 22 Jan 2019 13:59:57 +0000
A New Jersey congressman has introduced legislation to force federal regulators to notify Congress when a railroad or transit agency is being investigated for safety violations. The bill proposed by Democratic Rep. Albio Sires would require the Federal...
Tue, 22 Jan 2019 13:54:48 +0000
The Connecticut Insurance Department says it recovered nearly $8 million for policyholders and taxpayers in 2018 by helping individuals, families and employers with their claims and complaints. Acting Commissioner Paul Lombardo says the agency’s consum...
Tue, 22 Jan 2019 13:49:46 +0000
Starkweather & Shepley Insurance Brokerage Inc. (S&S) has opened a new Virginia Beach, Va., location led by Christopher Burns, senior vice president and National Marine Practice Group leader. In this role, Burns will focus on managing the marine insura...
Tue, 22 Jan 2019 13:45:19 +0000
M&T Insurance Agency (MTIA) has hired Jeffrey Batt to its Washington, D.C., office as the cyber insurance practice leader. In this role, he will manage client relationships by providing cyber insurance and risk consulting. In addition to insurance brok...
Tue, 22 Jan 2019 13:38:09 +0000
Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its North American Transactional Liability Insurance business into the UK and Europe and has appointed Ed Martin as head of Transactional Liability, UK and Europe, based in London....
Tue, 22 Jan 2019 13:11:05 +0000
Legacy Acquirer DARAG Group Ltd. announced it has agreed to purchase a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung AG. Financial details of the transaction, which is subject to app...
Tue, 22 Jan 2019 12:03:09 +0000
The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses, according to an Aon report titled “Weath...