Tue, 22 May 2018 21:49:41 +0000
A new law that enables corporate directors and officers owning at least 10 percent of a business to opt out of workers’ compensation coverage goes into effect on July 1. The law is intended to reduce the threshold of ownership, …
Tue, 22 May 2018 17:48:10 +0000
The average total cost per workers’ compensation claim in Illinois grew annually between 1 to 3 percent since 2012, according to a recent study by the Workers Compensation Research Institute. The growth was due to small to moderate changes in …
Tue, 22 May 2018 17:35:18 +0000
Woodland Hills, Calif.-based Farmers Group Inc. has named Keith Daly president of personal lines. Daly, who is currently Farmers’ chief claims officer, takes the new post effective June 11. He joined Farmers in 2009 through the acquisition of 21st Cent...
Tue, 22 May 2018 16:58:55 +0000
Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White, Castel Political Risk will primari...
Tue, 22 May 2018 16:55:50 +0000
The Woodlands Financial Group has completed the sale of a minority interest in its capital stock to RenaissanceRe Ventures U.S. LLC. The transaction will provide a capital infusion that Woodlands, Texas-based TWFG will direct toward expediting national...
Tue, 22 May 2018 16:53:53 +0000
Marsh has launched a new insurance product to provide financial protection to US-based businesses and their global operations affected by an infectious disease outbreak. PathogenRX, developed by Marsh in collaboration with Munich Re, and epidemic risk ...
Tue, 22 May 2018 16:41:20 +0000
An exploding vape pen hurled fragments into a Florida man’s head, killing him and starting a fire that burned most of his body, an autopsy report said. The Pinellas-Pasco Medical Examiner’s autopsy report released May 15 confirms the vape pen …
Tue, 22 May 2018 16:32:47 +0000
Two counties in West Virginia have declared a state of emergency over flash-flood risks in the area. The Journal of Martinsburg reports the declaration in Jefferson and Berkeley counties comes after four days of torrential rains and storms hit the …
Tue, 22 May 2018 15:16:39 +0000
U.S. lawmakers are set to give President Donald Trump a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Legislation set for passage by the Republican-dominated House this week is the product of …
Tue, 22 May 2018 15:05:55 +0000
Some floors of the Hurricane Harvey-damaged main criminal courthouse in downtown Houston will reopen next month as part of the $70 million repair project likely not finished until 2019. Harris County officials say the Criminal Justice Center on June 4 …
Tue, 22 May 2018 15:01:19 +0000
The National Weather Service in Tulsa says a possible tornado touched down in north-central Oklahoma. Meteorologist Joe Sellars says the potential twister was only on the ground briefly Saturday afternoon between the towns of Fairfax and Ralston, west ...
Tue, 22 May 2018 14:58:21 +0000
Experts are looking at how Oklahoma’s seismic activity impacts critical infrastructure as frequent, low-level earthquake swarms continue to pop off throughout the state. The Tulsa World reports that Oklahoma has experienced 80 earthquakes of 3.0 or gre...
Tue, 22 May 2018 14:45:00 +0000
A Santa Fe County, N.M. jury has awarded an 80-year-old woman more than $1.2 million after she was injured in a crash involving a stolen car chased by Santa Fe police. The Santa Fe New Mexican reports the jury decided …
Tue, 22 May 2018 14:39:04 +0000
Authorities in California’s San Francisco Bay Area are investigating the death of a man after a Tesla car he was driving veered off a road, crashed through a fence and into a pond. KTVU-TV reports that rescuers pulled the submerged …
Tue, 22 May 2018 14:36:16 +0000
The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees. …
Tue, 22 May 2018 14:30:58 +0000
J.M. Wilson has named Tyler Young database and marketing administrator in the Portage, Mich. office. Young is responsible for creating, developing and managing the website, assisting with the administration and management of internal applications, as w...
Tue, 22 May 2018 14:25:16 +0000
A former software engineer at Uber Technologies Inc. has filed a lawsuit against the ridesharing service, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avenda...
Tue, 22 May 2018 14:22:33 +0000
Three-quarters (73 percent) of American drivers now say they would be too afraid to ride in a fully self-driving vehicle, up significantly from 63 percent in late 2017. Additionally, two-thirds (63 percent) of U.S. adults report they would actually feel …
Tue, 22 May 2018 13:36:32 +0000
Pennsylvania Governor Tom Wolf’s administration on Monday sued an array of financial, legal and other professional firms over their involvement in a 15-year-old incinerator upgrade project that nearly bankrupted the state capital, Harrisburg. The state...
Tue, 22 May 2018 13:31:38 +0000
The Hilb Group LLC (THG) has acquired New York–based Bentson Insurance Group. The transaction became effective May 1, 2018. Founded in 1948, Bentson Insurance Group is a full-service property and casualty insurance agency specializing in home and bus...
Tue, 22 May 2018 13:26:17 +0000
The New Jersey Department of Banking and Insurance is urging the insurance and banking companies it regulates, as well as New Jersey residents, to prepare now for hurricane season, which officially begins June 1. All Garden State residents should have …
Tue, 22 May 2018 12:54:42 +0000
Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty is a dormant Rhode Island domi...
Tue, 22 May 2018 12:41:33 +0000
Consultant Capgemini and the not-for-profit Efma have launched a platform designed to bring fintechs and insurtechs together with traditional banks and insurers around innovation. The portal, named FinTechVisor, will have a feature that allows bankers ...
Tue, 22 May 2018 12:13:35 +0000
Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borr...
Tue, 22 May 2018 05:58:44 +0000
Des Moines, Iowa, has lost a lawsuit and been ordered to pay nearly $1 million in damages to a construction company it blacklisted. A jury made the award last week to Jenco Construction Inc., which is based in Des Moines. …
Tue, 22 May 2018 05:56:20 +0000
A Kansas woman who was injured when a deputy crashed into her car while rushing to an accident at a motorcycle race course is settling her lawsuit for $40,000. The Wichita Eagle reports that the Sedgwick County commission approved the …
Tue, 22 May 2018 05:00:42 +0000
Workers’ compensation insurer, Missouri Employers Mutual has awarded the company’s fourth round of safety grants to Missouri businesses this month to help them take the next step toward improving workplace safety. To date, MEM has awarded a total of 86 …
Tue, 22 May 2018 05:00:37 +0000
Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s General Data Protection Regulation (GDPR), whic...
Tue, 22 May 2018 05:00:27 +0000
A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of foreign investment. The U.S. Sena...
Tue, 22 May 2018 05:00:05 +0000
Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …