June 25, 2019

Tue, 25 Jun 2019 09:39:31 +0000
The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a third of all seaborne petroleum. So-called war risk premiums for a standard oil cargo from the Persian Gulf and the …
Tue, 25 Jun 2019 06:45:03 +0000
Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint venture in Spain, more than halving the value of the German insurer’s assets under management in the country. Aegon NV …
Tue, 25 Jun 2019 06:13:22 +0000
An Oklahoma judge has approved a revised $85 million settlement with Teva Pharmaceutical Industries Ltd. resolving claims by the state’s attorney general that the drugmaker helped fuel the U.S. opioid epidemic. The decision by Cleveland County District...
Tue, 25 Jun 2019 06:08:17 +0000
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Federated Rural Electric Insurance Exchange (Federated Rural) in Lenexa, Kansas. The outlook f...
Tue, 25 Jun 2019 06:04:51 +0000
Federal officials say a Chicago-based cargo handling company will pay $135,000 to settle a sexual harassment and retaliation lawsuit. Alliance Ground International, a cargo handling company that performs cargo, mail and ramp handling services for multi...
Tue, 25 Jun 2019 05:43:48 +0000
Oklahoma Gov. Kevin Stitt says six more counties in the state have been approved for disaster assistance by the Federal Emergency Management Agency. Stitt announced on June 20 that individuals and business owners affected by severe storms since May 7 …
Tue, 25 Jun 2019 05:28:04 +0000
A floodgate in Mississippi has reopened as the Mississippi River falls, allowing a months-long flood in parts of the Mississippi Delta to begin draining. The U.S. Army Corps of Engineers says it opened the Steele Bayou floodgate north of Vicksburg …
Tue, 25 Jun 2019 05:18:55 +0000
Ironshore Environmental has streamlined its Contractors Environmental Legal Liability (CELL) policy to be underwritten by broker partners through its online Quote & Bind Portal. The Ironshore CELL product responds to third party bodily injury, property...
Tue, 25 Jun 2019 05:04:28 +0000
Signal Mutual, a nationwide provider of Longshore and Harbor Workers’ Compensation Act coverage, has partnered with Trident Marine Managers (TMM), a unit of Ryan Specialty Group to offer workers’ comp coverage to waterfront employers in Texas and Louis...
Tue, 25 Jun 2019 05:00:51 +0000
Tokio Marine Holdings Inc. is seeking acquisition opportunities in Asian emerging markets and elsewhere as it seeks to double profits from those regions, according to the new chief of Japan’s largest property-and-casualty insurer. “We have group compan...
Tue, 25 Jun 2019 05:00:46 +0000
JetBlue Airways Corp. has sued Walmart Inc. for trademark infringement, in an effort to stop the world’s largest retailer from using the name Jetblack for its text-based personal shopping service. In a complaint filed on Friday night, JetBlue said Jetb...
Tue, 25 Jun 2019 05:00:35 +0000
The U.S. Supreme Court on Monday agreed to decide whether insurers can seek $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans. …
Tue, 25 Jun 2019 05:00:34 +0000
The Supreme Court on Monday struck down a longstanding U.S. ban on trademarks on “immoral” or “scandalous” words and symbols, ruling in a case involving a clothing brand with an indelicate name that the law violates constitutional free speech rights. …
Tue, 25 Jun 2019 05:00:33 +0000
Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who forwarded the message outside …
Tue, 25 Jun 2019 05:00:06 +0000
The Trump administration took a step toward making paying for health care more like paying for coffee, computers or clothing, by letting patients know prices up front — but what consumers could do with that information once they have it …
Tue, 25 Jun 2019 04:57:49 +0000
Parts of busy Interstate 75 was shut down in Florida after a sinkhole opened up. The southbound lanes were shut down just in time for rush hour traffic Friday. The Ocala Star-Banner reports the sinkhole is growing rapidly and was …
Tue, 25 Jun 2019 04:29:29 +0000
The North Carolina Department of Insurance has set up five flood insurance conferences statewide between July and September designed to educate the public, insurance and real estate agents of the need to purchase flood insurance, NCDOI said in a statem...
Tue, 25 Jun 2019 04:05:14 +0000
A 12-year-old boy who fell from a rock climbing wall at a North Carolina trampoline park has died. News outlets report Altitude Trampoline Park in Gastonia closed Friday out of respect for the boy’s family. Police say he died Thursday …
Mon, 24 Jun 2019 16:58:11 +0000
At least 10 people had to be decontaminated after a worker at a university in Atlanta spilled a chemical, creating a white cloud inside a science building. News outlets report everyone was evacuated Friday from the building at Clark Atlanta …
Mon, 24 Jun 2019 16:43:16 +0000
The Arkansas River remains too high and fast to assess flood damage in the Little Rock area, officials say. The U.S. Army Corps of Engineers said the removal of silt and the restoration of the channel for barge traffic are …
Mon, 24 Jun 2019 16:40:46 +0000
A Louisiana couple has pleaded guilty in a $48 million scheme that targeted a medical reimbursement program, federal prosecutors said on June 21. The U.S. Justice Department, New Orleans-based U.S. Attorney Peter Strasser and other officials outlined t...
Mon, 24 Jun 2019 16:39:13 +0000
Missourians looking for physicians to certify them to buy medical marijuana when it becomes available next year are running into resistance from doctors who are reluctant to prescribe the substance. Instead, would-be users are turning to pop-up and spe...
Mon, 24 Jun 2019 16:38:39 +0000
A federal grand jury has indicted two more employees of a company that owns a duck boat that sank on a Missouri lake last summer, killing 17 people. Curtis Lanham, the general manager at Ride the Ducks Branson, and Charles …
Mon, 24 Jun 2019 16:34:52 +0000
Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (Universal Property), has received a Certificate of Authority in to operate as a licensed insurance entity in Wisconsin. Universal Insurance Holdings (UVE) is a h...
Mon, 24 Jun 2019 16:33:40 +0000
Texas’ insurer of last resort for properties in counties along the state’s coastline says it has $4.2 billion in available funds as this year’s hurricane season gets underway. By comparison, at the start of the hurricane season in 2017 the …
Mon, 24 Jun 2019 15:27:27 +0000
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised …
Mon, 24 Jun 2019 15:16:07 +0000
With Arizona’s monsoon season quickly approaching, state transportation planners plan to begin installing a new dust-detection system on Interstate 10. The Arizona Department of Transportation recorded 85 dust-related crashes along the busy freeway fro...
Mon, 24 Jun 2019 15:14:31 +0000
A crop insurance company has agreed to pay a southwestern Idaho farming family $3.48 million following a lawsuit. The Idaho Statesman reported that the Farm Bureau Mutual Insurance Company of Idaho agreed to pay Nate and Kristin Pancheri for damage …
Mon, 24 Jun 2019 15:12:24 +0000
A Seattle, Wash. hotel owner is facing a felony perjury charge and state Clean Air Act violations after authorities said he lied about having uncertified workers remove asbestos during a renovation. Attorney General Bob Ferguson said Friday he filed the …
Mon, 24 Jun 2019 15:08:41 +0000
The U.S. Geological Survey a magnitude 5.5 earthquake has hit near the Pacific coast of Northern California. The agency says the earthquake struck at 8:53 p.m. on Saturday at a spot 17.3 miles southwest of Scotia, a town of 850 …