Mon, 18 Dec 2017 14:24:14 +0000
The Travelers Companies announced that Brian MacLean, president and chief operating officer, will retire after 30 years with the company, effective March 31, 2018. As a result of MacLean’s retirement, Travelers said it is realigning the reporting struc...
Mon, 18 Dec 2017 14:22:20 +0000
From “cannabis cafes” to “craft cooperatives,” regulators have been laying out a vision for what a potential multibillion dollar recreational marijuana industry might look like when retail sales begin next year in Massachusetts. The Cannabis Control Co...
Mon, 18 Dec 2017 14:05:13 +0000
Selective Insurance Company of America, a subsidiary of Branchville, N.J.-headquartered Selective Insurance Group Inc., has announced several officer appointments. It has appointed Matthew Caton to vice president of property claims. Caton joined Select...
Mon, 18 Dec 2017 14:00:47 +0000
Prime Holdings Insurance Services Inc. (Prime Holdings) announced that its subsidiary, Prime Insurance Company (Prime), has received approval to write specialty lines insurance coverage in New York state. Prime provides excess and surplus lines propert...
Mon, 18 Dec 2017 13:53:15 +0000
Rogers & Gray Insurance, a South Dennis, Mass.-headquartered insurance agency, has hired Erin Schaaf as the company’s new chief operating officer. Schaaf brings nearly three decades of experience in the insurance industry to the position. Most recently...
Mon, 18 Dec 2017 13:33:35 +0000
An interim review into UK building regulations commissioned after the Grenfell Tower social housing block fire in London which killed 71 people in June, has called for a “culture change” in respect to fire safety. The review, sponsored by the …
Mon, 18 Dec 2017 13:22:22 +0000
Some building companies that installed dangerous cladding on social housing blocks across Britain are now winning new contracts following the Grenfell Tower blaze to remove their original work and install panels that can pass safety tests, a Reuters re...
Mon, 18 Dec 2017 06:00:56 +0000
InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf between insurers and customers who...
Mon, 18 Dec 2017 06:00:37 +0000
CVS Corp.’s proposed purchase of Aetna Inc. will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc found. CVS, the second-largest U.S. pharmacy benefit mana...
Mon, 18 Dec 2017 06:00:23 +0000
A long-running lawsuit between the Trump administration, House Republicans and Democratic attorneys general over billions of dollars of Obamacare subsidies has been settled, according to an agreement filed in federal court Friday. The settlement agreem...
Mon, 18 Dec 2017 05:24:30 +0000
A former deputy commissioner of the Tennessee Department of Commerce and Insurance has died in a car crash. Media outlets report that Bill Giannini, who also was a former chairman of the Shelby County Election Commission and the Shelby County …
Mon, 18 Dec 2017 05:22:21 +0000
Orchid Underwriters Agency, LLC, a specialty underwriter of catastrophic coastal insurance, has hired Andrew Cyran as chief underwriting officer, a new position within the organization. Effective immediately, Cyran will assume the responsibilities of c...
Fri, 15 Dec 2017 18:03:12 +0000
A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major …
Fri, 15 Dec 2017 17:59:11 +0000
A Florida man was arrested last month after he was caught lying to his insurance company in an attempt to file a false insurance claim for vehicle for damage allegedly caused by Hurricane Irma, according to a statement from Florida …
Fri, 15 Dec 2017 17:52:18 +0000
A.M. Best announced it has has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Affinity Mutual Insurance Co. (AMIC) in Lima, Ohio. The outlook of …
Fri, 15 Dec 2017 17:51:44 +0000
A federal rule requiring certain employers to electronically submit injury and illness reports goes into effect today. The rule applies to businesses in many states with 250 or more employees that are currently required to keep OSHA injury and illness …
Fri, 15 Dec 2017 17:48:11 +0000
A suburban Detroit insurance agent has been sentenced to at least six years in prison for embezzling more than $800,000 from a dozen elderly clients. Paul Garceau Jr. of Grosse Pointe Park had pleaded guilty to embezzlement by an agent …
Fri, 15 Dec 2017 17:46:21 +0000
PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a controversial copper-nickel mine it …
Fri, 15 Dec 2017 17:44:48 +0000
Solvang, Calif.-based Westcap Insurance Services, LLC has expanded its admitted program for contractors to now include Arizona domiciled risks. Westcap also announced increased limits and other product enhancements to the program in the state of Washin...
Fri, 15 Dec 2017 17:44:15 +0000
Texas Sen. Larry Taylor, president of Truman Taylor Insurance in Friendswood, is closing his agency after 55 years of operation and joining Galveston Insurance Associates (GIA), effective Dec. 15. GIA has been operating on Galveston Island for 125 year...
Fri, 15 Dec 2017 17:35:53 +0000
The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. The eleventh round of depopulation is underway for the Louisiana …
Fri, 15 Dec 2017 17:11:41 +0000
More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline, according to the Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC). Premiums have fallen by 63 percent since 200...
Fri, 15 Dec 2017 17:06:14 +0000
Arkansas lawmakers have recommended a regulatory panel look at revising its proposed ban of an herbicide farmers in several states say has drifted onto their crops and caused damage, nearly a month after a maker of the weed killer asked …
Fri, 15 Dec 2017 15:49:18 +0000
An earthquake hit Oregon roughly 40 miles south of Portland near Molalla and was felt by numerous residents in the area, the U.S. Geological Survey confirmed. The USGS reported the magnitude 4.0 earthquake struck about seven miles southwest of Molalla …
Fri, 15 Dec 2017 15:46:59 +0000
California utilities may face tougher safety rules for power lines, phone lines and utility poles in parts of the state most prone to wildfires. Under the proposed rules being considered by the California Public Utilities Commission, tree branches woul...
Fri, 15 Dec 2017 15:40:25 +0000
Dry, gusting winds are aggravating fire worries across much of central and western California, including those areas where infernos are still raging and places that were scorched in October, the U.S. Storm Prediction Center said. Conditions through Sun...
Fri, 15 Dec 2017 15:36:07 +0000
Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 millio...
Fri, 15 Dec 2017 15:13:03 +0000
American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked Insights. American Family is a Networked Insig...
Fri, 15 Dec 2017 14:28:23 +0000
A bipartisan bill introduced by two U.S. senators would change truck safety standards to prevent crashes like the one that killed four people in northern New York this summer. The law introduced by Democrat Kirsten Gillibrand and Republican Marco Rubio …
Fri, 15 Dec 2017 14:20:24 +0000
Marsh & McLennan Companies Inc., a New York, N.Y.-headquartered, global professional services firm, has appointed Stacy Mills as vice president and controller, effective January 1, 2018. In this role, Mills will serve as the firm’s chief accounting off...