Mon, 20 Aug 2018 16:38:53 +0000
The National Weather Service confirms a tornado hit the central Mississippi city of Madison. The agency, in a Twitter post Saturday, said a survey team confirmed Friday’s damage was the result of an EF1 tornado. Several trees were snapped along …
Mon, 20 Aug 2018 15:10:43 +0000
Republican Rep. Matt Manweller is suing Central Washington University and the investigator it hired to look into allegations of inappropriate conduct. Manweller, a political professor at the college since 2003, was fired from the school last week, and ...
Mon, 20 Aug 2018 15:08:24 +0000
A jury has found the Nevada Division of Forestry liable for the loss of 23 homes and 17 other buildings in a 2016 wildfire after strong winds re-ignited a prescribed burn. The verdict set the stage for future court proceedings …
Mon, 20 Aug 2018 15:06:05 +0000
A climate prediction report issued by the National Weather Service says Oregon will remain hot, dry and smoky well into autumn this year. The Statesman Journal reported that forecast in the report released last week means that the state’s existing …
Mon, 20 Aug 2018 14:46:03 +0000
California utilities won’t get a break from lawmakers who were weighing changes to state liability laws that expose the companies to billions in potential damages from last year’s wildfires. Lawmakers don’t have enough time to study and pass a bill …
Mon, 20 Aug 2018 14:24:25 +0000
Specialty insurer Jewelers Mutual Group has purchased the assets of TransGuardian Inc., a high-value item shipping and logistics software company. Terms of the transaction were not disclosed. Jewelers Mutual partnered with TransGuardian in 2017 to deve...
Mon, 20 Aug 2018 13:53:28 +0000
President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. “That would allow greater …
Mon, 20 Aug 2018 13:36:17 +0000
Days after touring areas of eastern Pennsylvania that were hard-hit by flooding, Governor Tom Wolf has signed a “disaster emergency” proclamation for the area. Friday’s move allows the state to ask for a federal disaster declaration and seek funding for …
Mon, 20 Aug 2018 13:30:13 +0000
A Massachusetts dessert company that accused its ice cream supplier of destroying its business by secretly altering the recipe has been awarded $720,000. The jury verdict came Friday in the legal battle between 600 lb Gorillas Inc. and New Jersey-based …
Mon, 20 Aug 2018 13:13:50 +0000
Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Jerry Ascolese to join its casualty practice as vice president. Ascolese will be based in New York City – a new region for Socius. Ascolese bri...
Mon, 20 Aug 2018 13:05:39 +0000
Plymouth Rock Assurance has announced that A.M. Best Rating Services Inc. upgraded the financial strength ratings of the Palisades Group and High Point Homeowners Group to A- (Excellent). In addition, their long-term issuer credit ratings have been upg...
Mon, 20 Aug 2018 13:01:15 +0000
Richard DePiero has joined Sompo Pro, the U.S. professional liability insurer unit of Sompo International, as senior vice president, U.S. Cyber Product leader. DePiero will be responsible for Sompo Pro’s U.S. cyber and network security offerings. He br...
Mon, 20 Aug 2018 12:52:10 +0000
Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. …
Mon, 20 Aug 2018 12:30:17 +0000
Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study released by insurance industry …
Mon, 20 Aug 2018 10:26:15 +0000
Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as authorities rushed to bring drinking water to the most affected areas, officials said Sunday. At least …
Mon, 20 Aug 2018 09:44:43 +0000
Steamship Mutual P&I Club announced the Hong Kong Insurance Authority has formally authorized the Club to establish a branch in Hong Kong from Aug. 17, 2018. Steamship Mutual said it is the first P&I Club to gain authorization from the …
Mon, 20 Aug 2018 09:16:48 +0000
ZhongAn Online P&C Insurance Co. Ltd., the first internet-only insurer in China, announced its subsidiary ZhongAn International will receive a strategic investment from SoftBank Vision Fund, which will support the growth of ZhongAn’s technology solutio...
Mon, 20 Aug 2018 07:10:25 +0000
With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal before the U.K.’s departure in March would also be bad for the European Union. Such an outcome would unsettle the …
Mon, 20 Aug 2018 06:41:18 +0000
Chubb announced the establishment of a Major Accounts Division in the Asia Pacific region, a dedicated premium service that encompasses underwriting, risk engineering and claims for the region’s large, global and multi-national clients and business par...
Mon, 20 Aug 2018 06:28:26 +0000
An Overland Park, Kansas, official admits he was mistaken about who paid for a $132,000 sculpture at the city’s community center that was damaged by a young boy. City spokesman Sean Reilly said in July that the insurance company for …
Mon, 20 Aug 2018 06:18:17 +0000
The parents of a Louisiana State University freshman who died of alcohol intoxication last year after an alleged fraternity hazing filed a federal lawsuit against the university board, the fraternity and several of the fraternity’s members. Stephen and...
Mon, 20 Aug 2018 05:53:04 +0000
Enrollment in courses eligible for the Kansas Insurance Certificate Program at several Kansas higher learning institutions is rising, according to the state insurance department. The department says around 500 students have enrolled in the certificate ...
Mon, 20 Aug 2018 05:45:16 +0000
Through a program to protect firefighters from carcinogens and other harmful health hazards encountered by firefighters during their daily work activities, the Ohio Bureau of Workers’ Compensation (BWC) will distribute $1.1 million in safety grants to ...
Mon, 20 Aug 2018 05:07:14 +0000
So-called tort reform has been an easy sell in states controlled by Republicans, and backers of a lawsuit-limiting proposal on the ballot in Arkansas this fall expected little trouble winning passage until they ran into a surprising obstacle from a …
Mon, 20 Aug 2018 05:02:59 +0000
A Texas jury awarded damages of $242 million to a Dallas family after finding that defects in the family’s Lexus sedan caused injuries to their two children during a rear-end collision, the law firm representing the plaintiffs said on Friday. …
Mon, 20 Aug 2018 05:00:56 +0000
The epidemic of physician burnout may be the source of even more medical errors than unsafe medical workplace conditions, a new study led by Stanford researchers has found. Physician burnout is at least equally responsible for medical errors as unsafe …
Mon, 20 Aug 2018 05:00:41 +0000
What is the best part about working in insurance? For a group of millennials speaking with Insurance Journal at a July roundtable, the answer was simple. “The people,” roundtable participants agreed. At the same event, when asked about one challenge …
Mon, 20 Aug 2018 05:00:19 +0000
A federal appeals court on Friday ordered the Trump administration to immediately implement an Obama-era chemical safety rule introduced in response to a 2013 explosion at a fertilizer plant in Texas that killed 15 people. The D.C. Circuit Court ruling …
Mon, 20 Aug 2018 04:44:43 +0000
The Federal Emergency Management Agency (FEMA) is encouraging those in Alabama to purchase flood insurance. Though flooding is Alabama’s second-most common natural hazard, occurring on average every 12 days, FEMA says only a small percentage of people ...
Mon, 20 Aug 2018 04:20:24 +0000
Authorities say 12 people have been hospitalized, including three who were seriously injured, after a tent collapsed at a bank’s shareholders’ event. WBMA-TV says about 400 people were under the tent Thursday night when it came crashing down, some duck...