Wed, 12 Dec 2018 22:48:05 +0000
Prime Minister Theresa May survived a confidence vote from her Conservative party on Wednesday, but more than a third of her lawmakers said she was no longer the right leader to implement Britain’s exit from the European Union. Britain’s March …
Wed, 12 Dec 2018 19:09:08 +0000
The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now. California Insurance Commissioner Dave Jones on Wednesday released official figures for losses from the Camp Fire in Northern California and...
Wed, 12 Dec 2018 18:41:31 +0000
AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los Angeles, Calif.-based Mercury Casualty Group. The record wi...
Wed, 12 Dec 2018 17:59:35 +0000
Seesawing temperatures across several southern states were gradually melting snow from a wintry storm, but also “transforming slushy roads into treacherous ice,” one governor warned Tuesday. Scores of schools in Virginia and North Carolina were closed ...
Wed, 12 Dec 2018 17:36:25 +0000
Agriculture experts say Arkansas soybean farmers have lost at least $77 million this year after heavy rainfall interrupted harvest season and damaged the quality of the crop. The Arkansas Democrat-Gazette reports that University of Arkansas researchers...
Wed, 12 Dec 2018 17:34:31 +0000
Minnesota is maintaining its June 20 cutoff date for farmers to use the herbicide dicamba, which has been blamed for drifting and damaging neighboring soybean fields. The Minnesota Department of Agriculture imposed the cutoff for 2018 after getting 253...
Wed, 12 Dec 2018 17:32:19 +0000
The Nitsche Group, an independent insurance agency headquartered in Giddings, Texas, has been inducted into the Hall of Fame during this year’s Family Business of the Year Awards Program hosted by Baylor University. The Nitsche Group is among only two …
Wed, 12 Dec 2018 17:26:31 +0000
Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., has paid more than $3 million in early qualifier dividends to approximately 4,000 newer policyholder owners across the state. This payout is the final component of the company’s $2...
Wed, 12 Dec 2018 17:23:01 +0000
Alera Group has acquired Bailey & Company, an employee benefits firm headquartered in Cincinnati, Ohio. Terms of the transaction were not disclosed. Bailey & Company specializes in a wide variety of employee benefit programs. The firm helps its clients...
Wed, 12 Dec 2018 17:19:07 +0000
An “ineffective” safeguard failed to prevent an explosive mixing of air and fuel at a Husky Energy refinery in Superior, Wisconsin, leading to a blast and fire in the plant’s gasoline-producing unit in April, a U.S. industrial safety group says. …
Wed, 12 Dec 2018 16:02:45 +0000
PG&E Corp. revealed that on the day California’s deadliest and most destructive wildfire started, its workers saw damage and a fire near one of its transmission towers, which are the focus of investigations and a lawsuit as a possible ignition …
Wed, 12 Dec 2018 15:58:20 +0000
Two mild earthquakes struck western Colorado, the U.S. Geological Survey confirmed. The quakes hit early Tuesday but likely weren’t strong enough to cause any damage. The quakes were both just north of Glenwood Springs. The USGS says a 3.4 quake …
Wed, 12 Dec 2018 15:55:05 +0000
Officials say a construction company and a logging firm have collectively agreed to pay $9 million for damages resulting from a 2012 wildfire that burned more than 1,600 acres of national forest land in Northern California. The U.S. Attorney’s office …
Wed, 12 Dec 2018 15:53:08 +0000
California utilities plan to insulate power lines, increase inspections and build new weather stations in areas at high risk for wildfires in an effort to combat increasingly destructive blazes. Southern California Edison told legislative employees thi...
Wed, 12 Dec 2018 14:02:40 +0000
The Insurance Library Association of Boston has named Paul Tetrault as its executive director. Tetrault, an attorney and former editor of The Standard, New England’s Insurance Weekly, has more than 25 years of experience serving the insurance industry ...
Wed, 12 Dec 2018 13:58:56 +0000
Kaplansky Insurance, an independent, Needham, Mass.-based agency, has acquired Burak Insurance, located in Canton, Mass. The addition of Burak marks Kaplansky Insurance’s 31st overall acquisition and its fourth for 2018. The agency currently operates 1...
Wed, 12 Dec 2018 13:52:39 +0000
More than 90 educators in a Connecticut school district have filed workers’ compensation claims over mold-related ailments. The Advocate reports that 93 staff members at six public schools in Stamford filed claims saying they became ill because of mold...
Wed, 12 Dec 2018 13:49:16 +0000
Top Statehouse Democrats say they’re hoping to pass legislation aimed at improving natural gas infrastructure safety before the end of the year. Republican Gov. Charlie Baker filed the bill. On Monday, he met with Senate President Karen Spilka and House …
Wed, 12 Dec 2018 11:37:44 +0000
Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker, IBS Re Singapore. Other …
Wed, 12 Dec 2018 10:27:42 +0000
Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Bla...
Wed, 12 Dec 2018 10:04:43 +0000
Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the...
Wed, 12 Dec 2018 09:41:15 +0000
Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England, where he will manage COIN Re’s rei...
Wed, 12 Dec 2018 09:06:35 +0000
SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. The c...
Wed, 12 Dec 2018 08:53:20 +0000
Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, Frankfurt and Dublin. But as chaos reigns in Westminster, the …
Wed, 12 Dec 2018 08:40:48 +0000
Theresa May will fight for her job as British prime minister after being told she will face a vote of no confidence in her leadership, throwing the U.K. into fresh turmoil and Brexit into disarray. “I will contest that vote …
Wed, 12 Dec 2018 08:25:00 +0000
Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic Circle. Her business, Setra Group AB, …
Wed, 12 Dec 2018 08:00:59 +0000
AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly Smid joins AXA’s E&S team to …
Wed, 12 Dec 2018 08:00:05 +0000
Insurance broker Willis Towers Watson has appointed Bill Creedon as Construction Industry leader for North America within its Corporate Risk and Broking segment. Creedon, a 30-year insurance and construction risk industry veteran, is returning to Willi...
Wed, 12 Dec 2018 06:53:44 +0000
USG Insurance Services Inc., a national wholesaler and MGA, has hired Dylan Guidry as producer/broker in its Covington, Louisiana, branch. Guidry brings over 20 years of experience in the insurance industry. Most recently he held an underwriting positi...
Wed, 12 Dec 2018 06:00:45 +0000
Johnson & Johnson has begun settling consumers’ claims that it sold artificial hips knowing they were defective, marking the first settlements in the seven-year-old litigation. A federal judge in Texas overseeing the cases said about 3,300 of 10,000 “h...