June 25, 2019

Tue, 25 Jun 2019 18:39:57 +0000
Transatlantic Underwriters has named Colby Waltenburg vice president. Waltenburg will be coordinating the opening of a new office for TAU on the West Coast. Waltenburg has worked in most aspects of wholesale property/casualty insurance operations since...
Tue, 25 Jun 2019 16:36:52 +0000
An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers to go to trial, could serve as a key benchmark for governments hoping to recoup costs associated with the public …
Tue, 25 Jun 2019 16:16:17 +0000
Illinois Gov. J.B. Pritzker has issued disaster proclamations for two more counties affected by flooding. Pritzker added Knox and Henry counties in western Illinois to the counties receiving disaster proclamations. That brings the total in Illinois to ...
Tue, 25 Jun 2019 16:13:16 +0000
The North Dakota Petroleum Council and state officials say a new oilfield safety training program, 18 months in the making, will be a time-saver for tens of thousands of contract workers. Fifty oil companies worked on the standards for the …
Tue, 25 Jun 2019 15:04:52 +0000
Federal investigators will review repair and inspection records on the skydiving plane that became inverted before crashing shortly after takeoff on Oahu’s North Shore, killing all 11 people on board in the deadliest civil aviation accident since 2011....
Tue, 25 Jun 2019 15:02:07 +0000
The Oregon Legislature has repealed a nearly 25-year-old law prohibiting new schools, hospitals, jails, and police and fire stations from being built in the state’s tsunami inundation zone. The Statesman Journal reported that coastal legislators, who p...
Tue, 25 Jun 2019 14:56:50 +0000
Detectives from the California Department of Insurance have arrested Ameer Almassou, Bariq Aleyada, and Ziad Jaber Jaber for allegedly stealing more than $22,000 from auto insurers by filing fraudulent insurance claims. One additional suspect, Muhamed ...
Tue, 25 Jun 2019 14:47:12 +0000
Topa Insurance Co. has named Kelly Yates assistant vice president of claims. Yates will be located in Topa’s Calabasas, Calif. office. Yates has oversight of Topa’s property and commercial auto business and its special investigations unit. He has more ...
Tue, 25 Jun 2019 14:23:31 +0000
WELCH, West Virginia —The opioid epidemic that has so far killed half a million Americans is routinely blamed on greedy drug makers, feckless doctors and lax regulators. But there’s another group that has contributed to the depth and duration of …
Tue, 25 Jun 2019 13:31:48 +0000
Reinsurance and specialty broker Ed said it has received regulatory approval from the Bermuda Monetary Authority for its new operation in Bermuda. Ed Bermuda will provide its multiline broking services through TradEd, its proprietary trading platform. ...
Tue, 25 Jun 2019 13:22:33 +0000
Federal legislation that sets aside $4 million in federal funds to study the effects of the mineral pyrrhotite on concrete aggregate has advanced in the U.S. Congress. Democratic U.S. Joe Courtney, whose eastern Connecticut district includes homeowners...
Tue, 25 Jun 2019 13:19:46 +0000
World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC of Wall, N.J., on June 13, 2019. Links Insurance Services LLC was established in October 2001. The agen...
Tue, 25 Jun 2019 13:15:34 +0000
Experts say that southeastern Virginia could suffer $40 billion in losses if it’s struck by a major hurricane. Professors from Old Dominion University said in a recent report that the damages could seriously puncture the regional economy. The June 12 …
Tue, 25 Jun 2019 11:45:40 +0000
Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward, Tokio Marine Kiln (TMK) will focus on its Lloyd’s businesses. The run-off plan will be taken in two parts: TMKI’s …
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 …