January 16, 2018

Tue, 16 Jan 2018 22:47:49 +0000
San Diego, Calif.-based Cavignac & Associates has hired Brittany Aceves to serve as an account manager within the firm’s surety department. Aceves serves as the main point of contact for the agency’s surety department clients, managing and maintaining ...
Tue, 16 Jan 2018 19:50:45 +0000
MJ Insurance has added Justin Rarick as a risk management consultant in its Phoenix, Ariz. office. Rarick is responsible for driving sales and service to new and existing clients. Rarick previously was a commercial claims specialist at Nationwide Insur...
Tue, 16 Jan 2018 19:46:39 +0000
California Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the state unveiled eight bills and two additional legislative proposals proponents say will strengthen consumer protections for those making insurance...
Tue, 16 Jan 2018 17:58:25 +0000
Energy, Industrial & Utility Risk Solutions (EIURS), a division of DUAL Commercial, has expanded its Energy Division with the addition of a new marine energy unit. The new unit will be headed by Michael Jacobs. The Marine Energy unit will …
Tue, 16 Jan 2018 17:46:17 +0000
The Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC) is accepting comments through Feb. 20 on a compounded drug rule that was first proposed in June 2017. On June 16, 2017, DWC announced an informal draft rule to …
Tue, 16 Jan 2018 17:34:23 +0000
James A. Jones saw enough cars stranded along the icy highway to know it was time to pull over as a winter storm blasted parts of Tennessee and Kentucky with sleet, freezing rain and snow Friday. Jones counted 25 cars …
Tue, 16 Jan 2018 17:24:24 +0000
The former executive director of the State Police Commission is suing, claiming she was retaliated against for challenging Louisiana State Police brass and calling attention to a string of illegal campaign contributions made by commission members. Cath...
Tue, 16 Jan 2018 17:11:12 +0000
The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January, Rockingham Casualty and Edmond,...
Tue, 16 Jan 2018 16:56:54 +0000
Authorities say the corporate owner of a former Wisconsin factory accused of ordering workers to remove insulation that contained asbestos has paid the maximum fine under terms of a plea agreement. The incident happened six years ago at Grede foundry …
Tue, 16 Jan 2018 16:56:20 +0000
Federal investigators believe a broken wheel caused a May 2015 oil train derailment that prompted the evacuation of Heimdal, North Dakota. The National Transportation Safety Board says investigators found a mark on the track indicating a broken wheel t...
Tue, 16 Jan 2018 16:55:25 +0000
A federal mandate requiring many motor carriers to install electronic logging devices could cost be costly to North Dakota’s cattle industry. Warren Zenker, who runs a cattle feeding operation near Elgin, told the Bismarck Tribune that electronic loggi...
Tue, 16 Jan 2018 16:02:06 +0000
Allianz Global Corporate & Specialty (AGCS), Allianz Group’s specialist corporate insurer, has appointed Lars Vissing as Regional Unit London (RUL), head of Claims, starting in February 2018. Vissing succeeds Martin Henson who retires after nearly 20 y...
Tue, 16 Jan 2018 15:54:38 +0000
The former owner of Pacific Hospital in Long Beach was sentenced to federal prison on Friday for running a $600 million workers compensation fraud scheme. Michael Drobot, 73, was sentenced Friday to 63 months in prison and fined $500,000. Earlier …
Tue, 16 Jan 2018 15:49:38 +0000
The second recent blunder in Hawaii’s planning for a possible North Korean nuclear attack left islanders shaken after an emergency alert warning of an imminent strike sounded on hundreds of thousands of cellphones. For nearly 40 minutes people waited. ...
Tue, 16 Jan 2018 15:47:17 +0000
Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To drive this, Deutsche Bank said it will integrate Fri...
Tue, 16 Jan 2018 15:44:36 +0000
At the end of a heartbreaking week that saw deadly mudslides kill at least 20, residents of Montecito gathered to grieve, pay tribute to victims and commit to rebuilding their cherished community on the Southern California coast. Mourners lit prayer …
Tue, 16 Jan 2018 15:38:52 +0000
G2 Insurance Services has named Erinn Stringer a client manager. Stringer is located in G2’s San Francisco office and will serve commercial clients, including hospitality, commercial real estate and nonprofits. She was an account manager at Heffernan I...
Tue, 16 Jan 2018 14:52:57 +0000
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is a member of the State Auto Insurance...
Tue, 16 Jan 2018 13:39:03 +0000
General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the …
Tue, 16 Jan 2018 13:05:20 +0000
BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the …
Tue, 16 Jan 2018 11:51:45 +0000
Insurance Center of New England (ICNE), based in Agawam, Mass., has added Eastman & Davis Insurance Agency of West Springfield, Mass., to its company. ICNE is a privately-owned and independent insurance agency with three offices in Agawam, Gardner and ...
Tue, 16 Jan 2018 11:40:41 +0000
Risk Placement Services (RPS) has announced the opening of a branch office in Hopkinton, Mass. RPS is a managing general agent, underwriting manager and nationally focused wholesale insurance broker. Rich Martino is executive vice president and branch ...
Tue, 16 Jan 2018 11:01:53 +0000
CVS Health Corp. said Friday it has “no plans” to move Aetna from Connecticut’s capital city, reversing last year’s announcement by the insurance giant that it would move its headquarters to another state after nearly two centuries in Hartford, Conn. …
Tue, 16 Jan 2018 09:01:05 +0000
A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. EU trade negotiator Michel Barnier has said there will be …
Tue, 16 Jan 2018 08:36:06 +0000
Randall & Quilter Investment Holdings Ltd. (R&Q) announced the sale of its Insurance Services and Captive Management Operations to Davies Group, a London-based operations management, consultancy and digital solutions provider. The transaction involves ...
Tue, 16 Jan 2018 08:15:41 +0000
Argo Group International Holdings Ltd., the international underwriter of specialty insurance and reinsurance products, announced the renewal of Harambee Re Ltd. as Argo Group’s sidecar reinsurer for 2018. Launched in 2013, the sidecar continues with th...
Tue, 16 Jan 2018 07:46:25 +0000
Fraud in the U.K. rose to 2.1 billion pounds ($2.9 billion), the most in 15 years, as the police commander in charge of fighting the crime said the amount of evidence was setting back investigations. The value of finance and …
Tue, 16 Jan 2018 06:00:46 +0000
The U.S. Supreme Court will decide whether the Securities and Exchange Commission’s in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend administrative hearing systems across the federal government. ...
Tue, 16 Jan 2018 06:00:28 +0000
A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc. of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt oblig...
Tue, 16 Jan 2018 05:47:26 +0000
State health officials are proposing a multifaceted plan for confronting the drug crisis killing hundreds of West Virginians each year, one that would require action by everyone from lawmakers to doctors to judges to emergency responders to the general...