May 21, 2019

Tue, 21 May 2019 11:30:51 +0000
Arthur J. Gallagher & Co. announced it has purchased a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a wholly owned subsidiary of Edelweiss Group, the Indian diversified financial services conglomerate. The deal is subject to approval by t...
Tue, 21 May 2019 09:49:25 +0000
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty re/insurance, announced that Udo Pützer has joined the company’s European insurance platform as head of Financial Lines Insurance in Germany. Pützer is bas...
Tue, 21 May 2019 09:02:20 +0000
Ping An Insurance (Group) Co. employed about 1.4 million people to peddle policies last year. Yet it’s Jack Ma’s newest online disruptor that is stealing the show –- with 50 workers and visions of serving 300 million customers. Ma’s Ant …
Tue, 21 May 2019 08:40:51 +0000
Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector’s risk management. Existing companies must comply by June next year, while it is effective immediately for the i...
Tue, 21 May 2019 08:36:43 +0000
Brazilian miner Vale‘s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state’s environment secretary said on Monday. The dam at Vale‘s Gongo Soco mine is about 40 …
Tue, 21 May 2019 08:03:47 +0000
MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk modeling. The investment sees MS Amlin...
Tue, 21 May 2019 07:48:23 +0000
Britain’s finance industry will emerge stronger from Brexit, remaining one of the world’s top financial centers, ministers in Prime Minister Theresa May’s government forecast on Monday. Since Britain voted to leave the European Union three years ago, L...
Tue, 21 May 2019 05:24:30 +0000
State Farm has reduced its homeowners insurance rates by an average of 14.4 percent in Florida for current and future home insurance customers. The new rates went into effect May 15, 2019 for new business and July 1, 2019 for …
Tue, 21 May 2019 05:08:53 +0000
Country music star Travis Tritt says his tour bus was “sideswiped” in a multi-vehicle crash that left two people dead in South Carolina. News outlets report the crash occurred early Saturday on Highway 22 in Horry County. One person suffered …
Mon, 20 May 2019 23:48:28 +0000
The Hilb Group, headquartered in Richmond, Va., has confirmed that three regional executives died in a plane crash near Roatán, Honduras, on Saturday, May 18. Rob Miller, regional leader, Hilb Group – New England, and managing director of Dowling & …
Mon, 20 May 2019 20:13:21 +0000
The billionaire technology investor and philanthropist who has promised to assume the $40 million student debt of the entire graduating class at Morehouse College has ties to the insurance industry. Robert F. Smith, who addressed the nearly 400 graduat...
Mon, 20 May 2019 17:54:22 +0000
Total direct written premium in the California workers’ compensation system fell for the second consecutive year in 2018, declining 3.8 percent to less than $12.3 billion as nine of the 10 largest insurer groups in the state wrote less premium …
Mon, 20 May 2019 16:56:38 +0000
Digital insurance agency HoneyQuote.com launched a new partnership program that allows businesses across industries to use HoneyQuote services for customers to purchase homeowners insurance. As part of the program, businesses can add home insurance to ...
Mon, 20 May 2019 16:43:59 +0000
Speed limits have been reduced along a stretch of Interstate 77 in southern West Virginia where 12 motorists have died since 2016. The state Division of Highways lowered the speed limit last month along I-77 in Mercer County from 70 …
Mon, 20 May 2019 14:41:22 +0000
A ban on “whole home” short-term vacation rentals in residential areas of tourism-dependent New Orleans has won unanimous backing from the City Council. It was a preliminary vote. A final one is expected in 90 days. But the council made …
Mon, 20 May 2019 14:38:13 +0000
A spate of tornadoes raked across the Southern Plains, leaving damage and causing few injuries, and parts of the region were bracing for more severe thunderstorms and possible flooding. Twisters destroyed at least two homes and left one person with …
Mon, 20 May 2019 14:34:15 +0000
The U.S. Equal Employment Opportunity Commission has settled its lawsuit against a Kansas school district that paid a female principal less than it paid the man she had replaced and less than the man who succeeded her. A consent decree …
Mon, 20 May 2019 14:32:25 +0000
Michigan Gov. Gretchen Whitmer said she opposes Republicans’ proposal to let drivers fully forgo mandatory, unlimited medical benefits covered by their auto insurance premiums, saying she must “draw a line” but is open to requiring a minimum level of c...
Mon, 20 May 2019 14:24:21 +0000
Columbus, Ohio-based Safe Auto Insurance Group Inc. announced it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common shares. The number of shares to …
Mon, 20 May 2019 14:18:10 +0000
Grinnell Mutual in Iowa has named Andrea Brunk vice president of strategic experience and Lauren Augustin vice president of product transformation and delivery. Brunk was assistant vice president of the PMO. She joined Grinnell Mutual 2016 after workin...
Mon, 20 May 2019 14:09:56 +0000
A common hiring philosophy used for generations is being flipped on its head by new research from Florida State University. Screening job applicants based on their prior work experience is often a mistake among employers, according to Chad Van Iddeking...
Mon, 20 May 2019 14:07:20 +0000
Greenlight Re Innovations has made a strategic investment in FairClaims, an online insurance and consumer dispute resolution startup based in Los Angeles, Calif. FairClaims is the sixth insurance technology business which Greenlight Re Innovations has ...
Mon, 20 May 2019 13:55:12 +0000
The U.S. Army Corps of Engineers has changed Prado Dam’s risk characterization from moderate urgency to high urgency, based on a recent assessment. More than 1.4 million people live and work in 29 cities downstream of Prado Dam, with more …
Mon, 20 May 2019 13:45:59 +0000
Specialist insurer Beazley has hired Cal Spessard to head the team responsible for handling claims arising from the company’s environmental liability business. Spessard joins Beazley from environmental risk management specialists WCD Group, where he se...
Mon, 20 May 2019 13:42:36 +0000
Uber Technologies Inc. was ordered to turn over to the city of San Francisco data about how many of its drivers are responsible for illegal parking, traffic congestion and safety hazards. A California appeals court rejected Uber’s argument that the …
Mon, 20 May 2019 13:32:22 +0000
Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand globally as well as enhance …
Mon, 20 May 2019 13:13:11 +0000
Authorities say a fire at a chemical plant in New Jersey has been brought under control, but road and bridge closures remained in effect and local residents were urged to remain indoors because of potential danger from fumes. Kearny fire …
Mon, 20 May 2019 13:09:39 +0000
Baltimore, Md., officials say they have a plan to get the city’s real estate market moving again in the midst of a crippling ransomware attack. A manual workaround for property sales during the recovery will begin Monday. The ransomware shut …
Mon, 20 May 2019 13:06:14 +0000
For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess. Some research suggests rising sea levels and flooding brought ...
Mon, 20 May 2019 12:56:07 +0000
Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority. The U.S. …