September 21, 2018

Fri, 21 Sep 2018 14:31:19 +0000
Portland, Ore.-based Elliott, Powell, Baden & Baker Insurance agency has named Heather Beelar the firm’s marketing manager. The new position will include identifying and analyzing market trends, and creating strategies to meet evolving needs. She will ...
Fri, 21 Sep 2018 14:23:54 +0000
American International Group has agreed to acquire Glatfelter Insurance Group, a prominent specialty insurance broker and program manager headquartered in York, Pennsylvania. The terms of the transaction were not disclosed. It is expected to close in t...
Fri, 21 Sep 2018 14:07:48 +0000
Maritime officials say a 50-foot, custom-built yacht worth $1.5 million is likely a total loss after it was struck by a barge laden with sand and gravel in a Connecticut harbor. Capt. Eric Knott, Stamford’s harbormaster, tells the Stamford Advocate …
Fri, 21 Sep 2018 14:00:10 +0000
The National Weather Service has confirmed that the remnants of Hurricane Florence spawned a total of six tornadoes in Virginia earlier this week. Five of the tornadoes on Monday were spread across the Richmond metro area. A sixth tornado hit …
Fri, 21 Sep 2018 13:06:03 +0000
A federal appeals court says an insurance company must reimburse the Roman Catholic Archdiocese of Hartford nearly $1 million for payments the archdiocese made to settle sexual misconduct cases involving priests and minors. A three-judge panel of the 2...
Fri, 21 Sep 2018 13:04:39 +0000
The Allstate Corporation said estimated catastrophe losses for the month of August were $186 million, pre-tax ($147 million after-tax). Catastrophe losses occurring in August comprised 16 events at an estimated cost of $137 million, pre-tax, plus unfav...
Fri, 21 Sep 2018 12:54:09 +0000
Want the best results out of your employees? Then be nice to them. New research from Binghamton University, State University at New York finds that showing compassion to employees almost always pays off, especially when combined with the enforcement of …
Fri, 21 Sep 2018 12:45:30 +0000
Shannon Liss-Riordan has been compared to “a pit bull with a Chihuahua in its mouth.” In a career spanning almost 20 years, the Boston-based lawyer has gone after corporations that have either harmed consumers or their own employees. She’s represented …
Fri, 21 Sep 2018 12:01:52 +0000
The Federal Aviation Administration (FAA) recently granted a waiver to State Farm to allow the insurer the ability to inspect damage caused by Hurricane Florence. The approval, received just last week, allows State Farm to operate an unmanned aircraft ...
Fri, 21 Sep 2018 10:06:39 +0000
Last Saturday, the National Aeronautics and Space Administration launched the Ice, Cloud and Land Elevation Satellite-2, which will monitor Earth’s ice sheets, recording changes in ice thickness as small as half a centimeter. The satellite will allow u...
Fri, 21 Sep 2018 09:51:39 +0000
Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal. A two-day summit in Salzburg, Austria, broke up without …
Fri, 21 Sep 2018 09:38:42 +0000
Tokio Marine Kiln (TMK) has appointed of Reeken Patel as chief financial officer (CFO). He joins TMK on Oct. 1, when he takes over from James Dover who has chosen to leave the business after 12 years at TMK and …
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...