January 25, 2020

Thu, 23 Jan 2020 14:16:12 +0000
Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance platforms. Subject to regulatory approval a...
Thu, 23 Jan 2020 13:14:19 +0000
A fast-moving five-alarm fire severely damaged six row houses in Staten Island on Monday, displacing more than 30 people and causing minor injuries. John Sudnik, chief of the Fire Department of New York, said wood construction in the attics of …
Thu, 23 Jan 2020 13:10:10 +0000
The sale of flavored vaping products is banned in New Jersey under legislation Democratic Governor Phil Murphy signed Tuesday. Murphy signed the measure that moved to his desk amid a nationwide scare last year over mysterious illnesses linked to vaping. …
Thu, 23 Jan 2020 13:03:24 +0000
The Hilb Group LLC (THG) has acquired New York-based BR Vital Brokerage Inc. (BRV). The transaction became effective January 1, 2020. Based in Brooklyn, N.Y., BRV is an independent brokerage primarily providing property and casualty insurance with a sp...
Thu, 23 Jan 2020 13:00:24 +0000
EverQuote Inc., a Cambridge, Mass-based online marketplace for insurance shopping in the U.S., has hired David Brainard as executive vice president of Engineering, Marketplace. In this role, Brainard will serve as the operational leader of marketplace-...
Thu, 23 Jan 2020 08:00:01 +0000
It took two years for Nigel Allison to build his mud-brick house on a sleepy southeastern tip of Australia, and just hours for it to be gutted by fire. The cherished three-bedroom home built in 1986 was one of several …
Thu, 23 Jan 2020 07:38:01 +0000
The credit ratings of homeowners insurer Florida Family Insurance Co. and its subsidiary, Florida Family Home Insurance Co., have been downgraded by AM Best due to a deterioration in underwriting results for the insurer. However, ratings agency Demotec...
Thu, 23 Jan 2020 07:30:52 +0000
With the number of cyber attacks on the rise, it’s natural to think that this increase of cyber attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive …
Thu, 23 Jan 2020 07:20:09 +0000
Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a year as the company seeks to match levels it regularly achieved until 2015. The reinsurer may announce such a plan …
Thu, 23 Jan 2020 07:15:20 +0000
J.C. Flowers & Co, the U.S. investment and financial services-focused private equity firm, is reviving plans for a potential sale of its French loan insurance broker Financiere CEP, according to people familiar with the matter. The firm is considering ...
Thu, 23 Jan 2020 06:51:28 +0000
AssuredPartners Inc. has acquired Corkill Insurance Agency Inc. of Elk Grove Village, Illinois. AssuredPartners said the Corkill acquisition is its first in 2020. The Corkill staff of 104 will remain under the operational leadership of Luke Praxmarer a...
Thu, 23 Jan 2020 06:30:32 +0000
Flooding due to climate change-related sea level rising, the erosion of natural barriers and long-periods of rain pose substantial economic risks to Florida, particularly to the value of South Florida real estate, according to two new reports released ...
Thu, 23 Jan 2020 06:00:51 +0000
A former criminal justice professor at New Mexico State University says he lost his job in retaliation for reporting misconduct at his department. The Las Cruces Sun-News reports Francisco Alatorre last month filed a lawsuit in state district court and …
Thu, 23 Jan 2020 06:00:46 +0000
The contamination of U.S. drinking water with man-made “forever chemicals” is far worse than previously estimated with some of the highest levels found in Miami, Philadelphia and New Orleans, said a report on Wednesday by an environmental watchdog grou...
Thu, 23 Jan 2020 06:00:32 +0000
A Wyoming company has settled a federal lawsuit by a former employee who claimed she was pressured to take Scientology courses as a condition of her employment. Julie A. Rohrbacher filed the lawsuit in 2018 against Teton Therapy, which operates …
Thu, 23 Jan 2020 06:00:27 +0000
The first of what could be multiple sexual abuse lawsuits against The Catlin Gabel School in Oregon was filed this month. The Oregonian/OregonLive reported Kim Wilson of Portland claims she was molested 80 times by Richardson Shoemaker, a long-time Cat...
Thu, 23 Jan 2020 05:14:37 +0000
BMS Group, the independent specialist (re)insurance broker, has appointed Jani Kohonen as senior vice president and Atlanta branch manager, effective on Jan. 29, 2020. He will be based in Atlanta and reports to Pete Chandler, president & CEO of BMS …
Thu, 23 Jan 2020 00:00:39 +0000
The future of employee training involves no embarrassing role-playing in front of new colleagues or boring web modules which take an hour each to click through. For the next wave in workplace learning, get ready to strap on a pair …
Wed, 22 Jan 2020 23:04:48 +0000
A California man is being charged with attempting to defraud his insurer of $43,000 while his $1 million property claim from one of the massive wildfires that struck the state in 2018 appears to be legitimate. Stephen Cortopassi, 64, of …
Wed, 22 Jan 2020 18:24:45 +0000
Britain’s markets watchdog told financial advisers on Tuesday they face a two-year crackdown to stop unsuitable advice, investment scams and excessive fees. The Financial Conduct Authority (FCA) said in a “Dear CEO” letter to heads of financial advice ...
Wed, 22 Jan 2020 17:58:39 +0000
The North Carolina Department of Insurance Captive Insurance Program continued its steady growth in 2019, according to a statement from NCDOI. As of Dec. 31, 2019, NCDOI had licensed (including provisional) 318 captive insurers and approved (including ...
Wed, 22 Jan 2020 17:49:19 +0000
Demotech Inc. said the Financial Stability Rating (FSR) of A, Exceptional, assigned to Louisiana’s Centauri National Insurance Co. is being sustained based upon its pending acquisition by Avatar Partners LP, parent of Avatar Property & Casualty Insuran...
Wed, 22 Jan 2020 17:45:13 +0000
A wrongful death lawsuit filed by musician Prince’s family members has been quietly dismissed in recent months, suggesting family members have reached settlements with defendants including the Minnesota doctor who saw Prince in the weeks before his dea...
Wed, 22 Jan 2020 17:43:32 +0000
Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC) for 2020. This is the second time Kerr will serve as chair of t...
Wed, 22 Jan 2020 17:42:00 +0000
Kara Mace has been tapped as deputy commissioner for the newly created Legal Services program at the Texas Department of Insurance, Division of Workers’ Compensation. Legal Services will handle rule development, open records, litigation, contracts, sub...
Wed, 22 Jan 2020 17:37:22 +0000
Wholesale insurance broker and underwriting manager, Burns & Wilcox, has promoted Andrew Dean to managing director from associate managing director in the company’s Indianapolis, Indiana, office. As managing director, Dean oversees and manages day-to-d...
Wed, 22 Jan 2020 17:34:53 +0000
European Union privacy regulators are gearing up to make full use of expanded powers under new data protection rules, according to a report that found 114 million euros ($126.5 million) in fines have been levied so far for data violations, …
Wed, 22 Jan 2020 17:26:32 +0000
A magnitude 4.5 earthquake was reported in southern Kansas on Sunday. The U.S. Geological Survey said the quake struck about 2 miles (3 kilometers) southwest of Hutchinson shortly after 1 p.m. The service had initially reported that it was a …
Wed, 22 Jan 2020 17:18:39 +0000
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, appointed Henning Haagen as chief underwriting officer specialty and member of the board of management, subject to regulatory approval. Effective March 1,...
Wed, 22 Jan 2020 17:12:38 +0000
The U.S. Supreme Court signaled it won’t take up appeals defending Obamacare during the term that ends in June, rejecting requests by Democratic-led states and the House to put the case on a fast track. The appeals, filed separately by …