September 20, 2019

Fri, 20 Sep 2019 09:02:13 +0000
Generali US Branch, the U.S. arm of Generali Group, announced the launch of its Specialty Insurance Division, which will focus on providing warranty services and solutions. The Specialty Insurance Division will provide both insurance and obligor servic...
Fri, 20 Sep 2019 08:17:56 +0000
Chuck Yeager, the retired U.S. Air Force pilot who broke the sound barrier, has sued Airbus SE, accusing the aerospace company of using his name and likeness without permission to promote a new high-speed helicopter. In a complaint filed on …
Fri, 20 Sep 2019 07:50:39 +0000
France’s CNP Assurances SA has reached a deal worth 7 billion reais ($1.7 billion) with Caixa Economica Federal to sell insurance in the bank’s more than 3,000 branches, the Brazilian state-owned lender said on Thursday. Earlier on Thursday, Reuters re...
Fri, 20 Sep 2019 07:22:13 +0000
By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …
Fri, 20 Sep 2019 06:47:28 +0000
AM Besthas assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Brit Reinsurance (Bermuda) Ltd. The outlook assigned to these credit ratings is stable. The ratings reflect Brit Re’s balance sheet strength, …
Fri, 20 Sep 2019 06:45:34 +0000
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping power poles and lifting off roofs. Debris including …
Fri, 20 Sep 2019 06:38:02 +0000
AXA Liabilities Managers announced it has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia (a branch of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in Munich). The portfolio transfer will become effecti...
Fri, 20 Sep 2019 06:01:51 +0000
Torrent Technologies, a Marsh company, has launched FloodPlus Commercial – a comprehensive private market primary flood insurance offering for agents of its Write Your Own (WYO) carrier clients. Underwritten by Bermuda-based Hiscox through Johnson & ...
Fri, 20 Sep 2019 05:56:46 +0000
Florida Gov. Ron DeSantis will ask the Legislature to increase fines for local governments that pollute state waters and give the Department of Environmental Protection more power to enforce pollution laws. DeSantis announced his proposal Sept. 11 at t...
Fri, 20 Sep 2019 05:45:36 +0000
Many farmers in South Carolina say a growing drought is threatening to devastate their crops right at harvest time and officials said there are plenty of indications the dry weather will spread. A special committee that reviews drought in the …
Fri, 20 Sep 2019 04:53:45 +0000
Police in South Florida say thieves stole up to $80,000 in merchandise from a wig warehouse. The owner of Prime Trading Hair and Wigs told detectives in Miami Gardens that he was notified overnight Tuesday that the alarm at the …
Thu, 19 Sep 2019 23:24:12 +0000
Managing general agency and surplus lines broker J.M. Wilson has promoted Liam Davis to assistant personal lines underwriter in its Portage, Michigan, office. Davis is responsible for assisting underwriters on a wide variety of property and casualty ri...
Thu, 19 Sep 2019 23:09:43 +0000
The Texas Department of Insurance is accepting comments on proposed rules to implement Senate Bill 1264, which protects consumers who have state-regulated health plans from surprise medical bills in certain situations. The proposed rules establish proc...
Thu, 19 Sep 2019 22:46:35 +0000
Flooding from Tropical Storm Imelda on Thursday left hundreds of people trapped in their homes and cars; led to water rescues, a hospital evacuation and power outages; and closed entire school districts, according to officials and local media. The floo...
Thu, 19 Sep 2019 20:36:31 +0000
Buying some green bud at a dispensary shouldn’t be much different than purchasing a green pepper at the supermarket. That’s how Rocco Petrilli, a long-time insurance and risk management consultant to the auto industry, sees it. Petrilli, like many who …
Thu, 19 Sep 2019 16:58:03 +0000
Specialist insurer Beazley has launched a comprehensive policy designed to cover infringements of Title IX, the federal law prohibiting discrimination based on sex in any public education program. The policy provides coverage for employment practices l...
Thu, 19 Sep 2019 16:57:45 +0000
The Texas Department of Insurance has extended the period in which recent rate increase request by the Texas Automobile Insurance Plan Association (TAIPA) may be approved. TAIPA, the state’s auto insurer of last resort, on Sept. 11, 2019, filed a …
Thu, 19 Sep 2019 16:54:11 +0000
West Virginia officials say a 40-year-old coal mine electrician has died in an accident. The West Virginia Office of Miners’ Health, Safety and Training says Steven Vernon Keeney of Sylvester died of injuries from an apparent electrical shock. The acci...
Thu, 19 Sep 2019 16:52:24 +0000
Gulfstream Property and Casualty Insurance Co. has appointed appointment of Lisa B. Thompson to general counsel, vice president of Legal & Compliance. Prior to joining Gulfstream, Thompson served as senior vice president of legal and compliance for Ban...
Thu, 19 Sep 2019 16:40:56 +0000
Calendar entries and documents show that California Insurance Commissioner Ricardo Lara, not his fundraiser, made first contact with an agent of a workers’ compensation insurance company offering political support in conjunction with seeking approval f...
Thu, 19 Sep 2019 16:26:29 +0000
Wholesale insurance broker and underwriting manager, Burns & Wilcox, has relocated and expanded its office in downtown Chicago. The new office, which houses Burns & Wilcox and Burns & Wilcox Brokerage, is located downtown at 111 S. Wacker. Burns & …
Thu, 19 Sep 2019 16:16:46 +0000
The owner of a Nebraska dry cleaning business that burned following an explosion last year has been charged with arson and insurance fraud. The Sarpy County Attorney’s Office says in news release that 53-year-old Michael McKernan, owner of the Wardrobe …
Thu, 19 Sep 2019 16:16:08 +0000
Workers’ compensation insurer, Texas Mutual Insurance Co., has awarded a dividend of $623,341 to the Lone Star Auto Dealers Association (LSADA) Safety Group, which includes franchised auto, truck, RV, boat and motorcycle dealerships. This year’s divide...
Thu, 19 Sep 2019 16:15:33 +0000
Ohio Department of Insurance reported that Director Jillian Froment has been appointed to serve on the Federal Advisory Committee on Insurance (FACI). The committee provides advice and recommendations to the Federal Insurance Office (FIO). FACI was est...
Thu, 19 Sep 2019 16:13:31 +0000
The U.S. Army Corps of Engineers has proposed a $160 million plan to shore up levees around Oklahoma’s second largest city that have been weakened by periodic flooding. The Corps released a feasibility study that recommends altering existing levees and …
Thu, 19 Sep 2019 16:12:53 +0000
Landowners in South Dakota have received over $700,000 in a lawsuit accusing a federal agency of burning their properties in an April 2013 prescribed fire that blazed out of control, destroying more than 10,000 acres. The U.S. Forest Service aimed …
Thu, 19 Sep 2019 16:12:19 +0000
An Arkansas panel has approved new rules for the use of an herbicide that has drawn complaints from farmers who say it has drifted onto their crops and caused damage. The Plant Board has approved an amended rule for the …
Thu, 19 Sep 2019 15:35:50 +0000
Six insurance agencies from across the country have joined together to form a program specifically for investors and innovators behind technology innovations for insurance agencies and brokerages. The new entity, BrokerTech Ventures, aims to invest in ...
Thu, 19 Sep 2019 15:33:17 +0000
Tesla Inc.’s Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its highest rating, top safety pick+. …
Thu, 19 Sep 2019 14:49:10 +0000
A Northern California store as agreed to pay $1.2 million to settle claims that a supervisor sexually assaulted employees in a walk-in freezer. The California Department of Fair Employment and Housing announced a settlement this week with 99 Cents Only …