September 21, 2018

Fri, 21 Sep 2018 09:12:11 +0000
Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy subscription market insurance and will b...
Fri, 21 Sep 2018 08:47:59 +0000
Lloyd’s reported a return to profits during the first half, in a welcome recovery after its big losses of 2017. Pre-tax profits during the half were £600 million ($793.1 million), compared to £1.2 billion ($1.6 billion) in the first six …
Fri, 21 Sep 2018 07:45:07 +0000
Pilots operating a Jet Airways India Ltd. flight on Thursday forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some aboard. About 30 of the 166 passengers aboard the Boeing Co. …
Fri, 21 Sep 2018 05:00:58 +0000
Restaurants must pay waiters and bartenders minimum wage when they are engaged in tasks such as cleaning toilets that are unrelated to their main jobs and do not offer tips, a divided U.S. appeals court ruled this week. At issue …
Fri, 21 Sep 2018 05:00:27 +0000
Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert believes the industry should be prepared for what he …
Fri, 21 Sep 2018 04:44:28 +0000
When Florence was raging last Friday on North Carolina’s Outer Banks, the hurricane tore a 40-foot (12-meter) chunk from a fishing pier that juts into the ocean at the state’s most popular tourist destination. The privately owned Rodanthe pier has …
Fri, 21 Sep 2018 04:40:08 +0000
XL Catlin’s North America Construction insurance business has appointed Ann Marie Snyder, senior underwriter, to lead its Construction Excess Casualty business in its Southeast region. Snyder joined XL Catlin in 2012 from Ironshore Insurance Services w...
Fri, 21 Sep 2018 04:26:09 +0000
Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has partnered with Montoya & Associates of Jacksonville, Fla. The partnership finalized on Thursday, Aug. 2, 2018. The adviso...
Thu, 20 Sep 2018 22:12:52 +0000
The price of workers’ compensation insurance in Washington could drop significantly in 2019. The Washington Department of Labor & Industries this week proposed a 5 percent decrease in the average premium employers pay for the coverage. If approved, the...
Thu, 20 Sep 2018 16:49:30 +0000
Willis Towers Watson has launched a new technology platform to help organizations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies. The new Property Quantified product models ...
Thu, 20 Sep 2018 16:36:40 +0000
Insurer COUNTRY Financial, headquartered in Bloomington, Illinois, has named Jim Jacobs as its next chief executive officer (CEO), effective early next year. He succeeds Kurt Bock, who is retiring Jan. 31, 2019, after serving as CEO for seven years. Ja...
Thu, 20 Sep 2018 16:29:20 +0000
The death toll from Hurricane Florence climbed to at least 37, including two mental health patients who drowned when a sheriff’s van was swept away by floodwaters, and North Carolina’s governor pleaded with thousands of evacuees not to return home …
Thu, 20 Sep 2018 16:28:13 +0000
Andrew Schallhorn has been appointed as chief actuary at the Oklahoma Insurance Department (OID), effective Sept. 24. Schallhorn formerly was president of Reserve National Insurance Co. In a departmental press announcement, Oklahoma Insurance Commissio...
Thu, 20 Sep 2018 16:21:30 +0000
North Dakota regulators are considering relaxing rules that require shippers to remove the most volatile gases from oil before it’s loaded onto train cars. The rules, which were fought by the energy industry, took effect in 2015 and are aimed …
Thu, 20 Sep 2018 15:26:15 +0000
Louisiana’s insurance commissioner says the state’s auto insurance market may be stabilizing, with a smaller rise in premiums expected this year compared with prior years. Insurance Commissioner Jim Donelon says Louisiana’s auto market has seen a 2.1 p...
Thu, 20 Sep 2018 14:37:46 +0000
The parents of a teenager who was killed in a 2012 avalanche at a Vail Resort property are appealing a judge and jury’s decision in their son’s death case. Dr. Louise Ingalls and Dr. Steve Conlin, the parents of Taft …
Thu, 20 Sep 2018 14:28:55 +0000
A female Uber driver in Arizona is suing Tampa Bay Buccaneers quarterback Jameis Winston, accusing him of sexual assault. Court documents say the woman filed the suit in Arizona this week and is seeking more than $75,000 in damages. She …
Thu, 20 Sep 2018 14:18:54 +0000
San Diego, Calif.-based Cavignac & Associates has named Fauntelle Carrillo an account executive within its personal lines department. Carrillo is charged with maintaining existing client relationships, educating clients on preventative risk measures an...
Thu, 20 Sep 2018 13:45:25 +0000
Bayer AG unit Monsanto on Tuesday asked a California judge to throw out a $289 million jury verdict awarded to a man who alleged the company’s glyphosate-based weed-killers, including Roundup, gave him cancer. The company said in motions filed in …
Thu, 20 Sep 2018 13:32:10 +0000
A Maryland man is accused of stealing hurricane victim’s identities as part what the Secret Service describes as an $8 million effort to scam a Federal Emergency Management Agency program. News outlets reported Tuesday that 30-year-old Tare Stanley Oki...
Thu, 20 Sep 2018 13:28:02 +0000
Parents of children in the Roman Catholic Church and survivors of sexual abuse by clergy filed a lawsuit Monday against Pennsylvania’s eight dioceses and their bishops asking a judge to compel them to release information about abuse allegations. The la...
Thu, 20 Sep 2018 13:23:23 +0000
A relief fund will be established to help Massachusetts residents whose lives were disrupted by a series of natural gas fires and explosions. The announcement was made Monday by Republican Governor Charlie Baker and leaders of the three affected commun...
Thu, 20 Sep 2018 12:52:12 +0000
McDonald’s workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking to combat sexual harassment in the workplace. In Chicago, one of the targeted cities, several dozen protesters rallied in fron...
Thu, 20 Sep 2018 10:31:49 +0000
The International Olympic Committee (IOC) says insurance company Allianz signed as a worldwide sponsor from 2021 through the 2028 Los Angeles Olympics. The value of the deal, which includes becoming a partner of the Paralympics, was not given. The IOC …
Thu, 20 Sep 2018 10:11:11 +0000
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co....
Thu, 20 Sep 2018 09:43:09 +0000
Marsh announced the appointment of Alistair Fraser as CEO of its UK Corporate division. Fraser succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. Both appointments, which are subject to regulatory approval, are expected to take effe...
Thu, 20 Sep 2018 08:28:02 +0000
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board …
Thu, 20 Sep 2018 08:00:34 +0000
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from …
Thu, 20 Sep 2018 07:30:32 +0000
Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the …
Thu, 20 Sep 2018 06:06:22 +0000
Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its …