Fri, 26 Apr 2019 10:56:47 +0000
Argo Seguros, the Brazilian underwriter of specialty insurance and reinsurance products and a member of Argo Group, announced the appointment of Newton Queiroz as CEO, effective May 1, 2019. Queiroz will report to Jorge Cazar, head of Latin America at …
Fri, 26 Apr 2019 10:46:52 +0000
Brit Ltd., the London-based specialty insurer and reinsurer, announced it has increased the flexibility and limits of Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from cyber attac...
Fri, 26 Apr 2019 09:27:04 +0000
French reinsurer SCOR, whose CEO faces a vote on his demotion during a shareholders meeting on Friday, said its net profit in the first quarter fell 21 percent as a result of the impact of 2018 typhoons in Japan. SCOR …
Fri, 26 Apr 2019 09:08:07 +0000
Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure to natural disasters, competition from rival centers and Brexit are all threatening Lloyd’s reputation as th...
Fri, 26 Apr 2019 08:31:28 +0000
An activist Argo Group shareholder accuses the company of using a corporate jet for 1,500 flights in recent months and questions whether the trips were exclusively for business purposes. So goes the latest salvo fired against the company in advance …
Fri, 26 Apr 2019 05:54:15 +0000
AAIS (the American Association of Insurance Services) has received approval for its new Florida Homeowners By-Peril Insurance Program from the Florida Office of Insurance Regulation (OIR). The AAIS Florida Homeowners By-Peril Program provides carriers ...
Fri, 26 Apr 2019 05:19:55 +0000
A fire has caused significant damage to one of the oldest courthouses in Tennessee. Fire officials told news outlets that the first crew arrived at the Loudon County courthouse Tuesday evening and quickly called for backup as flames began to …
Fri, 26 Apr 2019 05:00:52 +0000
Just shoot them down? After troublesome drones infiltrated London’s Gatwick airport late last year, disrupting passenger flights and costing potentially millions of pounds in revenue, that was the instinctive question posed by the watching world. But f...
Fri, 26 Apr 2019 05:00:40 +0000
Former Washington insurance agent Abu Ameena Ward has pleaded guilty in Pierce County Superior Court to one count of third-degree theft and was ordered to pay $18,666 in restitution to Farmers Insurance and $700 in court fees. He entered the …
Fri, 26 Apr 2019 05:00:24 +0000
A year after it began a collaboration to develop the product, insurance broker Marsh has announced that it has begun the rollout of its proof of insurance blockchain platform to U.S. commercial clients. Originally introduced as a proof of concept …
Fri, 26 Apr 2019 05:00:16 +0000
For the second time in three days, Elon Musk has shed light on how Tesla Inc. plans to take on massive industries outside the automotive and clean-energy realms. Tesla’s chief executive officer said during Tesla’s earnings call Wednesday that the …
Fri, 26 Apr 2019 05:00:16 +0000
The U.S. Federal Aviation Administration next month will brief international aviation regulators on the agency’s work evaluating when the Boeing Co. 737 Max can return to service, which some countries have signaled they intend to decide on their own. T...
Thu, 25 Apr 2019 17:12:34 +0000
A bill to enable the California Earthquake Authority to expand mitigation programs cleared its first hurdle this week when it passed the Senate Insurance Committee. The Resilient Homes Initiative, Senate Bill 254, was authored and introduced in earlier...
Thu, 25 Apr 2019 16:57:32 +0000
Officials say Michigan traffic deaths dipped below 1,000 in 2018 for the first time since 2015. The Michigan State Police Criminal Justice Information Center announced Wednesday that Michigan traffic deaths totaled 974 in 2018, down 5% from 1,028 in 20...
Thu, 25 Apr 2019 16:30:48 +0000
Cover, a mobile-first insurance brokerage, has begun selling its own auto insurance policies in Texas. The new service — an evolution from the company’s nationally-licensed insurance brokerage — combines a streamlined process for buying policies, u...
Thu, 25 Apr 2019 16:21:35 +0000
Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK Holdings, the owners of Lloyd’s ...
Thu, 25 Apr 2019 16:13:53 +0000
No one was hurt when a Union Pacific train carrying ethanol derailed in a residential area in Fort Worth and caught fire. Union Pacific spokeswoman Kristen South says the train derailed at about 12:30 a.m. Wednesday near Echo Lake in …
Thu, 25 Apr 2019 16:10:19 +0000
Seeman Holtz Property & Casualty LLC has acquired Schwarz Insurance Agency Inc., headquartered in Prairie du Sac, Wisconsin, with six other offices across the state. Kathy Schwarz, an active employee of the Schwarz Insurance Agency since 1987 and a co-...
Thu, 25 Apr 2019 16:07:37 +0000
Minnesota Attorney General Keith Ellison has called on lawmakers to reverse a consequence of 2017 law that repealed the state’s ban on for-profit health maintenance organizations, saying for-profit companies could pocket billions in assets now held by ...
Thu, 25 Apr 2019 14:04:22 +0000
Arizona ended a decade of resistance to restrictions on using a cellphone while driving when Gov. Doug Ducey signed a law this week outlawing holding a phone behind the wheel. It is now the 48th state to ban texting and …
Thu, 25 Apr 2019 13:14:33 +0000
Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer. In a filing in California’s Court …
Thu, 25 Apr 2019 13:03:05 +0000
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of 6.2 percent. But 54 percent o...
Thu, 25 Apr 2019 12:57:51 +0000
Emergency officials in upstate New York are again preparing for possible flooding along Lake Ontario. Niagara County’s director of emergency services, Jonathan Schultz, says lake levels have risen about five inches in 10 days. Recent heavy rains, seaso...
Thu, 25 Apr 2019 12:54:34 +0000
The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn’t have his name on a museum wing, and his company isn’t within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 …
Thu, 25 Apr 2019 12:43:36 +0000
The National Transportation Safety Board faults law enforcement planning in a report on a double fatal crash during the United Bikers of Maine Toy Run in September 2017. The report, released Tuesday, said an unsafe maneuver by a motorcycle rider …
Thu, 25 Apr 2019 12:39:53 +0000
A gas company’s faulty equipment is the most likely cause of an explosion at a suburban Maryland apartment complex that killed seven people in 2016, according to federal report issued Tuesday. The explosion and fire at the Flower Branch apartments …
Thu, 25 Apr 2019 12:11:35 +0000
W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The insurer said its rate increases appear to be...
Thu, 25 Apr 2019 11:35:18 +0000
Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo De...
Thu, 25 Apr 2019 11:13:24 +0000
It’s a familiar and ominous story. A deadly pathogen with no known cure begins spreading in China. Rather than acknowledge the problem, officials throughout the Chinese government shut down media coverage, while underreporting infection and mortality r...
Thu, 25 Apr 2019 10:53:49 +0000
As bond yields evaporate globally, many Japanese insurers are looking to secure higher returns at home and abroad by diversifying into riskier corporate and other non-government bonds in the financial year that began this month. Officials at Japan’s to...