August 17, 2017

Thu, 17 Aug 2017 21:56:47 +0000
The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report released this week from American Express and Dun & …
Thu, 17 Aug 2017 19:44:45 +0000
Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the Workers’ Compensation Insurance Rating Bureau. ...
Thu, 17 Aug 2017 16:52:50 +0000
Southern Minnesota residents are on edge after another quarry blast from a nearby mining operation sent a barrage of rocks through a neighborhood. A blast at Jefferson Quarry sent chunks of limestone — some as large as bowling balls — …
Thu, 17 Aug 2017 16:26:25 +0000
Texas insurance experts and meteorologists will be touring the Texas coast to inform the public about hurricane awareness and new legislation aimed at mitigating storm damage and related insurance costs. The Insurance Council of Texas (ICT) will lead t...
Thu, 17 Aug 2017 16:20:59 +0000
A van plowed into pedestrians on Barcelona’s most iconic avenue at the height of the tourist season in a terrorist attack that left 13 people dead and echoed similar incidents in other European cities. Catalonia’s regional government said 50 people …
Thu, 17 Aug 2017 16:17:11 +0000
To help prevent fatal crashes more than 600 miles of cable barriers will be installed in highway medians across Louisiana through state and federal funding totaling more than $100 million. KTBS-TV reports crews will begin installing the barriers for 41 …
Thu, 17 Aug 2017 16:14:31 +0000
Ford Motor Co. has agreed to pay up to $10.125 million to settle an investigation by the U.S. Equal Employment Opportunity Commission (EEOC) over alleged sex and race harassment at two Ford plants, the federal agency announced. In its investigation, …
Thu, 17 Aug 2017 16:08:58 +0000
The first woman to sue Waco, Texas-based Baylor University over allegations the nation’s largest Baptist school ignored or mishandled rape allegations has settled her case, her attorney said. Jasmin Hernandez sued Baylor in early 2016, two months befor...
Thu, 17 Aug 2017 16:02:59 +0000
Managing general agency and surplus lines broker, J.M. Wilson, has added Mitchell Bailey as assistant transportation underwriter in its Portage, Michigan, office. Bailey is responsible for quoting new and renewal transportation accounts, setting up and...
Thu, 17 Aug 2017 15:55:30 +0000
The June cyber attack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based...
Thu, 17 Aug 2017 15:18:06 +0000
The extreme heat this summer in Las Vegas has been causing a multitude of delays and cancellations at McCarran International Airport, including one airline that suspended service for the season and another that had to adjust its departure schedule. Air...
Thu, 17 Aug 2017 15:14:40 +0000
Idaho Transportation Department officials are hoping technology from a Utah company will help improve traveler safety if traffic comes to a complete halt during the solar eclipse. Millions across the country are expected to travel to the path of totali...
Thu, 17 Aug 2017 14:15:37 +0000
Swiss Re Corporate Solutions has created a global Contingency and Sports Personal Accident (PA) team and appointed Jonathan Cole as head Contingency and Sports PA, effective immediately. Cole will be responsible for expanding these lines of business ac...
Thu, 17 Aug 2017 14:15:05 +0000
A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc. in a closely watched lawsuit over whether passengers gave up their right to sue the ride-sharing company when they registered for its service. The 2nd U.S. Circuit …
Thu, 17 Aug 2017 14:12:13 +0000
Partners Insurance Group LLC, a Swansea, Mass.-headquartered independent insurance agency with eight locations in Southeastern Massachusetts and Rhode Island, has promoted Michelle McDonald to vice president. McDonald joined Partners Insurance Group in...
Thu, 17 Aug 2017 14:06:03 +0000
A federal appeals court on Tuesday said the New York Times Co. must face a defamation lawsuit by a Louisiana economics professor who said it quoted him out of context by saying he described slavery as “not so bad.” The …
Thu, 17 Aug 2017 14:00:30 +0000
Frederick Mutual Insurance Company (FMIC), a Frederick, Md.-based provider of insurance coverage for homeowners and businesses, has promoted Bob Pelletier from assistant vice president and claim manager to vice president and chief claim officer. Pellet...
Thu, 17 Aug 2017 13:40:33 +0000
New York Bus Operators Compensation Trust (NYBOCT), a Bay Shore, N.Y.-based group self-insured trust created by a number of New York passenger bus companies, has filed a complaint against Arthur J. Gallagher & Co., Gallagher Bassett Services Inc. and R...
Thu, 17 Aug 2017 13:27:04 +0000
Credit rating activity for the U.S. property/casualty industry in the first half of 2017 was favorable, with upgrades outpacing downgrades. Nearly one-third of the 2017 upgrades were driven by increased parental support, ongoing mergers and acquisition...
Thu, 17 Aug 2017 12:13:50 +0000
Ping An Insurance Group Co of China , the country’s second-largest insurer by market value, on Thursday reported its biggest half-yearly profit in at least a decade on robust growth in life insurance premiums. The strength in Ping An’s life …
Thu, 17 Aug 2017 11:44:00 +0000
Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast-growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile platform for health-care companies, i...
Thu, 17 Aug 2017 11:08:03 +0000
The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market conditions, according to Fitch ...
Thu, 17 Aug 2017 10:37:54 +0000
Not one, but three potential storms threaten to usher in the busiest phase of the Atlantic hurricane season later this month, courtesy of warm ocean temperatures. The season — which runs from June to November — has already seen above-average …
Thu, 17 Aug 2017 05:00:41 +0000
As climate change pushes U.S. cities to build protections against stronger storms and more frequent floods, the Rockefeller Foundation is helping cities with a novel kind of financing, one that transfers some of the risk of innovative projects from cit...
Thu, 17 Aug 2017 05:00:26 +0000
Ex-Uber Technologies Inc. Chief Executive Officer Travis Kalanick said the lawsuit brought by venture-capital firm Benchmark seeking his ouster from the company’s board should be heard in private arbitration. In a letter Monday to a Delaware judge, an ...
Thu, 17 Aug 2017 04:41:12 +0000
Pioneer Special Risk has launched a new optional coverage expansion for specialty contractors that offers them the option of including incidental contractors pollution coverage, traditionally required as part of their client’s contractual terms, within...
Thu, 17 Aug 2017 04:27:39 +0000
Tiger Woods had the active ingredient for marijuana, two painkillers and two sleep drugs in his system when he was arrested on a DUI charge earlier this year, a report released Tuesday by police said. Police in Jupiter, Florida, released …
Thu, 17 Aug 2017 04:19:26 +0000
A.M. Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of West Virginia National Auto Insurance Co., based in Morgantown, W.Va. The ratings company …
Thu, 17 Aug 2017 04:14:30 +0000
A Mississippi city has sued the head of a school for the arts, saying he knew before the roof collapsed that it was in danger of falling in. The City of McComb alleges that Terrance Alexander, director of Jubilee Performing …
Thu, 17 Aug 2017 04:00:31 +0000
The American workplace is grueling, stressful and surprisingly hostile. So concludes an in-depth study of 3,066 U.S. workers by the Rand Corp., Harvard Medical School and the University of California, Los Angeles. Among the findings: Nearly one in five...