Thu, 21 Feb 2019 13:55:04 +0000
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ (Good) from A (Excellent) and the Long-Term Issuer Credit Rating to “bbb” from “a” of American Sentinel Insurance Company of Harrisburg...
Thu, 21 Feb 2019 13:47:40 +0000
The family of a Massachusetts woman killed on her way to work when a 200-pound manhole cover flew up and crashed through her vehicle’s windshield has sued the state Transportation Department and two contractors. The wrongful death suit filed by …
Thu, 21 Feb 2019 13:38:41 +0000
The Vermont Agency of Transportation is getting more than $2 million for safety upgrades along the route of the Amtrak Vermonter, addressing conditions that resulted in a 2015 derailment. The money from the Federal Railroad Administration will be used ...
Thu, 21 Feb 2019 13:29:43 +0000
Insurtech Trōv is now offering its on-demand online, single-item insurance products in seven additional states and the District of Columbia. Trōv has now expanded into Alabama, Arkansas, Georgia, Hawaii, Iowa, Michigan, Tennessee and Washington, D.C....
Thu, 21 Feb 2019 13:10:56 +0000
A new form of online bribery by cyber criminals who attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting busines...
Thu, 21 Feb 2019 13:08:56 +0000
NASA has warned SpaceX and Boeing Co. of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this yea...
Thu, 21 Feb 2019 12:58:08 +0000
Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren’t using ETFs more than a year after the National Association of …
Thu, 21 Feb 2019 12:50:02 +0000
A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not have power to tell the White …
Thu, 21 Feb 2019 12:39:10 +0000
Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line. The c...
Thu, 21 Feb 2019 10:39:37 +0000
Global broking network Brokerslink has appointed Christos Gavriel to the role of regional manager for Europe. Gavriel has a strong background in insurance having previously held various international roles at AIG before going on to set up and manage his …
Thu, 21 Feb 2019 10:02:01 +0000
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. Danske is being investigated in its home market of Denmark, Estonia, Britain, France an...
Thu, 21 Feb 2019 09:44:24 +0000
Reinsurer Swiss Re on Thursday posted a 27.2 percent jump in 2018 net profit, despite claims from large-scale natural catastrophes and man-made disasters. Net profit for the full year came in at $421 million, compared with $331 million a year …
Thu, 21 Feb 2019 09:28:37 +0000
Net profits at AXA, Europe’s second biggest insurer, fell sharply as a result of charges related to its U.S. unit’s initial public offering (IPO) and a spate of natural disasters, although AXA hoped for higher earnings this year. Its 2018 …
Thu, 21 Feb 2019 06:49:32 +0000
EPIC Insurance Brokers and Consultants has added Jose Palmer as a principal in the energy and marine practice within its property/and casualty operations. He is based in Houston and reports to Southwest Region Managing Principal and Director KJ Wagner....
Wed, 20 Feb 2019 19:38:46 +0000
AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its subsidiari...
Wed, 20 Feb 2019 19:17:37 +0000
Illinois Union Insurance Co. has paid a $102,000 fine after Washington Insurance Commissioner Mike Kreidler ordered the company to cease underwriting self-defense policies branded by the National Rifle Association. After an investigation, Kreidler orde...
Wed, 20 Feb 2019 17:38:19 +0000
Cincinnati, Ohio-based Great American Insurance Group has promoted Anthony (Tony) J. Mercurio and David L. Thompson Jr. to executive vice presidents of its property/casualty group. Mercurio will continue to serve as president and CEO of National Inters...
Wed, 20 Feb 2019 17:25:54 +0000
The North Dakota House approved legislation that would expand the list of medical conditions for which residents can use medical marijuana, add health care professionals who can certify patients for the drug and increase the forms it can come in. …
Wed, 20 Feb 2019 17:21:34 +0000
The month-long partial federal government shutdown likely further delayed aid grants to homeowners still trying to recover from the 2016 flooding, Louisiana’s top disaster recovery official said. As many as 6,000 Louisiana residents who took out loans ...
Wed, 20 Feb 2019 17:17:48 +0000
Working in grain bins can be deadly, so insurers want to remind farmers of the dangers. Nationwide insurance is helping sponsor a campaign to educate farmers about safety procedures they can use when working in grain bins. Farmers should wear …
Wed, 20 Feb 2019 17:15:58 +0000
A Texas woman owes just over $46,000 to the state’s largest workers’ compensation insurance carrier after being sentenced for workers’ compensation fraud in a Travis County district court. According to Texas Mutual Insurance Co., Shannon Drew of Aubrey...
Wed, 20 Feb 2019 17:11:40 +0000
Louisiana’s property insurer of last resort has completed another round of policy depopulation — its 12th, the state insurance department announced. Louisiana Citizens Property Insurance Corp. (Citizens) offers property insurance to any home or busin...
Wed, 20 Feb 2019 17:06:58 +0000
Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European Union’s General Data Protection Re...
Wed, 20 Feb 2019 16:06:00 +0000
Kauai officials are suing the owners of a vacation home, claiming they are violating county zoning ordinances for using the property as a short-term rental. The Garden Island reports the Kauai County Planning Department filed the lawsuit last week, see...
Wed, 20 Feb 2019 16:03:02 +0000
A data breach may have compromised the personal information of customers who patronized any of 50 Arizona businesses last month. North Country Business Products says an investigation of “suspicious activity” led to the discovery that an unauthorized pa...
Wed, 20 Feb 2019 14:24:41 +0000
Morgan Shrubb has joined AXA XL Insurance as underwriting manager for War, Terrorism & Political Violence insurance. Shrubb joins AXA XL from Ironshore International where she served as a production specialist, charged with growing the company’s war, t...
Wed, 20 Feb 2019 14:15:41 +0000
C&S Insurance has acquired Dedham, Mass.-based Francis M. Walley Insurance Agency. Since assuming ownership in 2012, C&S Insurance second-generation owners Ben Cavallo and Keith Signoriello have completed seven agency acquisitions. Altogether, C&S Insu...
Wed, 20 Feb 2019 14:06:28 +0000
New Jersey Department of Banking and Insurance Commissioner Marlene Caride last week issued a bulletin encouraging insurers and entities regulated by the department to work with and assist employees of the Marcal paper products facility who lost their ...
Wed, 20 Feb 2019 13:22:47 +0000
Are employees injured at work more likely to file under workers’ compensation instead of group health insurance when their group health plan has a higher deductible? The Workers Compensation Research Institute (WCRI) found evidence they do in a new stu...
Wed, 20 Feb 2019 13:11:33 +0000
Workers’ compensation insurance will continue to cost less for most Vermont employers when new rates approved by the Department of Financial Regulation (DFR) become effective on April 1, 2019. This is the third rate decrease since Governor Phil Scott t...