Thu, 21 Jun 2018 16:57:16 +0000
Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist investor Carl Icahn opposed a previous proposal. The …
Thu, 21 Jun 2018 16:42:40 +0000
Louisiana Workforce Commission said as of May the state has experienced a year-over-year increase of 44,453 in the number of individuals employed in Louisiana. Louisiana’s civilian labor force is now 2,138,975, which is the highest number of individual...
Thu, 21 Jun 2018 16:30:22 +0000
The University of Texas has agreed to settle a race and sexual discrimination lawsuit filed by former women’s track coach Bev Kearney. Kearney attorney Jody Mask on Wednesday told The Associated Press that the case will be dismissed. University spokesm...
Thu, 21 Jun 2018 16:21:32 +0000
Guy Russ has been named assistant vice president of risk control for Church Mutual Insurance Co., based in Merrill, Wisconsin. He reports to Kevin Root, executive vice president – operations. Russ joined Church Mutual in 2012 as director of program …
Thu, 21 Jun 2018 16:17:43 +0000
Chicago-based ISMIE Indemnity, an excess and surplus line division of ISMIE Mutual Insurance Co., plans to offer medical professional liability insurance products in every state in the U.S. With approval from state insurance regulators, ISMIE Indemnity...
Thu, 21 Jun 2018 16:15:43 +0000
A state of emergency has been declared for counties in Northwest Wisconsin impacted by widespread flooding. Gov. Scott Walker declared the emergency state for Ashland, Bayfield, Burnett, Douglas, and Iron counties, where severe thunderstorms produced t...
Thu, 21 Jun 2018 16:14:57 +0000
Heavy rains in South Texas have caused flooding in areas that were hit hard by Hurricane Harvey less than a year ago. National Weather Service meteorologist Tyler Castillo said Wednesday that up to 15 inches (38 centimeters) of rain have …
Thu, 21 Jun 2018 15:14:33 +0000
Nevada’s new liability coverage minimums go into effect next month. The new standards require drivers to be covered for at least $25,000 in bodily injury per person, $50,000 per crash and $20,000 for property damage per wreck. According to the …
Thu, 21 Jun 2018 15:02:00 +0000
A Beverly Hills, Calif. doctor has been sentenced to 10 years in federal prison for his role in a massive fraud scheme. The San Diego Union-Tribune reports Dr. Ronald Grusd was convicted in December of 39 charges, including conspiracy, honest …
Thu, 21 Jun 2018 15:00:01 +0000
OneBeacon Surety Group recently announced changes to its U.S. leadership team. In addition, it is now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients. Chad Anderson has been named head of North American Surety. Ande...
Thu, 21 Jun 2018 14:58:19 +0000
California public self-insured workers’ compensation claims from fiscal year 2016-2017 rose less than 0.4 percent compared to the corresponding data from the prior year despite a 2.9 percent Increase in covered employees, according to a report out from...
Thu, 21 Jun 2018 13:49:35 +0000
The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges …
Thu, 21 Jun 2018 13:37:34 +0000
Marijuana sales will become legal in Canada beginning October 17, Prime Minister Justin Trudeau said on Wednesday, making it the first major economy to legalize its recreational use. Stocks of marijuana producers, which have rallied in anticipation of ...
Thu, 21 Jun 2018 13:34:01 +0000
Paragon Insurance Holdings LLC, a national, multi-line specialty managing general agency (MGA) based in Avon, Conn., has hired Tonya Fuller as vice president of its Winery and Brewery division. Additionally, Ashley Forslund has become a member of the P...
Thu, 21 Jun 2018 13:21:54 +0000
Alliant Employee Benefits has hired Bob Kristofak. Kristofak is from the Richmond, Va.-area and will serve as Alliant Employee Benefits’ new senior vice president, working with a portfolio of clients to provide strategic employee benefits that reduce s...
Thu, 21 Jun 2018 13:21:50 +0000
Fed up with state and local laws that require private employers to offer paid sick days, the airlines and railroads have filed suit, claiming that the interstate nature of their businesses should make them exempt. Airlines for America, a trade …
Thu, 21 Jun 2018 13:18:36 +0000
Exxon Mobil Corp. is refusing to turn over documents crucial to New York’s investigation into whether the oil giant’s public statements about climate change misled investors, the state’s top lawyer said. Exxon hasn’t complied with subpoenas for cash-fl...
Thu, 21 Jun 2018 13:12:53 +0000
Guggenheim Partners is exploring the sale of a stake in its $250 billion asset-management unit overseen by Scott Minerd, according to people familiar with the matter. Guggenheim Partners Investment Management has been in talks with global insurers, sov...
Thu, 21 Jun 2018 12:14:10 +0000
Google, Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday. The copyright rules, proposed by the European Commission two ye...
Thu, 21 Jun 2018 12:00:47 +0000
Chubb has appointed Paul Lewis North America Commercial Insurance Industry practice leader for its North American mid-market segment. He will be responsible for leading Chubb’s Commercial Insurance Industry practices in the United States and Canada, an...
Thu, 21 Jun 2018 10:35:08 +0000
Capsicum Re, the London-based specialist reinsurance broker, announced that Grahame “Chily” Chilton will rejoin the business later this year. Chilton will work alongside CEO Rupert Swallow to drive global business development and help shape the strateg...
Thu, 21 Jun 2018 09:57:55 +0000
With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, foun...
Thu, 21 Jun 2018 09:40:45 +0000
Hamilton Underwriting Ltd., the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, announced that Neil Lee-Amies has joined the agency as head of Treaty. Lee-Amies reports to Active Underwriter Miles Osorio. Osori...
Thu, 21 Jun 2018 05:00:58 +0000
Atul Gawande, a surgeon and journalist who has written extensively about the U.S. failure to grapple with rising healthcare spending, has been named to head a new health venture for Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. …
Thu, 21 Jun 2018 04:56:57 +0000
Florida’s Citizens Property Insurance Corp. will wait until December to determine its 2019 insurance rates and whether it will approve a proposed 7.9 percent statewide increase for homeowners policies. The decision to defer action on the 2019 proposed ...
Thu, 21 Jun 2018 04:54:32 +0000
PAK Programs, specialty insurer of alcoholic beverage manufacturers and distributors, has introduced a program designed for mead producers, Meadery PAK. The program is underwritten by Great American Insurance Coy. Larry Chasin, president of PAK Program...
Thu, 21 Jun 2018 04:08:20 +0000
AmWINS Brokerage of Georgia has added Alex Furlong, an energy and environmental specialist, to its casualty team. He will be based in Atlanta. Prior to joining AmWINS, Furlong spent several years as a casualty producer at All Risks, Ltd. Before …
Thu, 21 Jun 2018 04:05:39 +0000
Multiple people have been taken to a hospital after a fire broke out at a Family Dollar in Georgia. The Atlanta Journal-Constitution reports the fire happened at a Family Dollar in Dekalb County on Monday morning. Four people inside the …
Wed, 20 Jun 2018 22:54:34 +0000
San Francisco, Calif.-based Zenefits has named Issac Vaughn to its executive team as senior vice president of business operations. He reports to Jay Fulcher, chairman and CEO. Vaughn will work with the Zenefits’ customer experience, benefits solutions,...
Wed, 20 Jun 2018 17:47:33 +0000
PEMCO Insurance has named Noel Farmer to the company’s infrastructure and operations team, where he’ll lead and manage PEMCO’s internal technical support group. PEMCO has also named Rebecca Jameson a product manager for its auto line of business. Farme...