The American priest and poet Daniel Berrigan - famous for leading defiant protests against the Vietnam War - dies in New York aged 94.
Saturday, April 30, 2016
VIDEO: Obama jokes about Clinton and Trump
President Obama makes jokes at the expense of Hillary Clinton, Donald Trump and critics of his healthcare plan at his final White House Correspondents' Dinner.
What are US university 'honour codes'?
Raped as a student - and then accused of bad behaviour
How Beyonce became an 'albums artist'
How Beyonce gave up hit singles to become an albums artist
Poet Walt Whitman health tips unearthed
A trove of health journalism by US literary giant Walt Whitman is being published after lying in obscurity more than 150 years.
Russia challenges US after jet face-off
Russia accuses a US Air Force jet of switching off its transponder signal over the Baltic on Friday, leading its own jets to intercept it.
Woman jailed over foetus-cutting attack
A Colorado woman is sentenced to 100 years in prison for cutting a nearly eight-month-old foetus from a stranger's womb in a brutal attack.
Friday, April 29, 2016
The prank call crimewave
The online community who live stream their illegal calls
Obama: Eight years, eight jokes (almost)
Highlights from the previous seven White House Correspondents' Dinners
Over-age Canadian basketball player held
A South Sudanese immigrant and prominent high school basketball player in Canada has been arrested after the revelation that his age may be closer to 29 and not 17, officials say.
US accuses Russia over jet manoeuvre
A Russian jet fighter intercepted a US Air Force plane in an "unsafe and unprofessional manner" over the Baltic Sea, the Pentagon says.
Protesters delay Trump speech
Hundreds of protesters gathered outside of the Republican party convention in California have delayed Republican front-runner Donald Trump's speech.
New Hampshire Offers Lost Life Policy Locator Service to Residents
The New Hampshire Insurance Department has created a lost life policy locator service to assist Granite State residents and their families in locating life policies and annuity contracts that have been purchased in the state. “We developed this service to …
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Virginia Reminds Insurers: Rates, Rating Rules Must Be Cost-Based
Virginia Insurance Commissioner Jacqueline Cunningham has issued an administrative letter this month reminding insurers to review the rate standards outlined in Virginia Code § 38.2-1904 to ensure compliance. The administrative letter also indicates that so-called “price optimization” techniques that raise …
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Children in Texas tied up in garden
Police in the US state in Texas rescue eight children from "horrific abuse" including a two-year-old who was chained to the ground in a yard.
Ryan Reynolds writes goodbye to fan
Actor Ryan Reynolds writes an emotional goodbye to a young Canadian fan who died of cancer earlier this week.
First US Zika death in Puerto Rico
The first known death in the US to the Zika virus is recorded in Puerto Rico where a 70-year-old has died, say health officials.
New York: Health Insurers Must Pay for Maternal Depression Screening
New York state will soon require health insurers to cover depression screening for pregnant women and new mothers. The move follows a recommendation from a federal panel that insurers cover maternal depression screening without a co-pay or deductible. Gov. Andrew …
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Kinsale Insurance Hires Manahan to Lead E&S Property in Virginia
Kinsale Insurance Company, a domestic excess and surplus lines insurance company based in Richmond, Virginia, has hired Stephen Manahan as senior vice president of Excess & Surplus Lines Property. In his new role, Manahan will be responsible for the continued …
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Texas Mutual Awards $600K in College Education Grants
Texas Mutual Insurance Co. announced it has awarded a combined $600,000 in grants to College of the Mainland in Texas City, Del Mar College in Corpus Christi, El Paso Community College, Kilgore College, Midland College and Amarillo College. The grants …
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Alaska Assisted Living Home Faces $75K Fine for Workplace Death
State labor officials have fined an Anchorage assisted living home $75,000 for alleged safety and health violations in the death of a caregiver who was killed by a resident of the home. The Alaska Department of Labor and Workforce Development …
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Chicago Jury Awards $22.7M to Widow for Work Zone Crash that Killed Spouse
The widow of a motorist who was killed when a speeding truck slammed into his car while he was stopped in an Illinois construction zone has been awarded $22.7 million. Theresa Swenson sued Missouri-based Hussmann Corp. for the May 2012 …
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Illinois Volunteer Firefighter Accused of Starting Fires with Cigarettes
A 20-year-old northern Illinois volunteer firefighter accused of starting five fires allegedly tossed lit cigarettes to spark at least two of the blazes, according to court documents. Kenneth Grabow of Orangeville was scheduled to appear in court on April 28 …
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Residents’ Group: Honolulu Rail Project at Risk for Flood Damage
A group of residents is prepared to take Honolulu officials to court over the city’s multi-billion-dollar rail project because of concerns that the rail could be vulnerable to flood damage. The Honolulu Star-Advertiser reports the “Do Rail Right” group laid …
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Police in Nevada Ticket 75 Distracted Drivers During 3-Week Blitz
Henderson, Nev., police say officers looking for distracted drivers during a three-week enforcement blitz ticketed 75 motorists for infractions like texting, checking emails, accessing the Internet or talking on cellphones. Police spokeswoman Kathleen Richards says officers reported making 605 traffic …
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$1M Settlement Reached with Building Owners in Fatal Illinois Apartment Fire
Relatives of six people who perished five years ago in an apartment building fire in suburban Chicago have reached a $1 million legal settlement. Surviving family members sued the building owners, claiming they did not supply smoke detectors, fire escapes …
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Oklahoma Ex-Reserve Deputy, Insurance Exec Convicted in Suspect’s Death
A former Oklahoma volunteer sheriff’s deputy who said he mistook his handgun for his stun gun when he fatally shot an unarmed suspect last year has been convicted of second-degree manslaughter. Jurors handed down the verdict in the case of …
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Houston Bakery to Pay $1M to Settle Race, National Origin Discrimination Suit
A large bakery in Houston will pay $1,042,000 as part of the settlement of a class race and national origin discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. The EEOC had charged that Lawler …
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Aon Reports 4% Drop in Q1 2016 Net Income to $315 Million
London-based Aon plc reported net income attributable to Aon shareholders of $315 million, or $1.15 per share, during the first quarter ending March 31, which is down 4 percent from $328 million, or $1.14 per share, from the same period …
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Florida Picks Deputy Altmaier to Be Next Insurance Commissioner
The Florida Cabinet has selected David Almaier to be the state’s new insurance commissioner. Altmaier, 34, is currently a deputy commissioner within the Florida Office of Insurance Regulation. He will replace Kevin McCarty, who is stepping down after 13 years …
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Indiana governor to endorse Ted Cruz
The Indiana governor is to back Republican presidential candidate Ted Cruz, four days before a crucial primary contest there, US media report.
Vermont Mutual Promotes McDonnell to Executive VP, COO
Vermont Mutual Insurance Group has promoted Mark J. McDonnell to executive vice president and chief operating officer of the Group. McDonnell is an industry veteran with 30 years of property/casualty experience. He has been serving as senior vice president at …
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Virginia Sets Up Fund to Cope With Sea-Level Rise
Virginia has set up a new revolving loan fund designed to help property owners prepare for rising sea levels. But the Virginian-Pilot reports that the fund has no funds and may not have any money for several years. Still, Virginia …
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Delaware Fines Insurers $83K for Market Misconduct
The Delaware Insurance Commissioner Karen Weldin Stewart has fined insurance companies a total of $83,300 during the first quarter of 2016 for violating state insurance regulations. Fines generally result from a market conduct examination of a company’s practices performed by …
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Florida’s Universal Insurance Holdings Raises $10M in Share Sale
Florida-based Universal Insurance Holdings Inc. has raised an additional $10 million in capital by selling shares to one of its reinsurers. Universal said it sold 583,771 shares of common stock to RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe Holdings Ltd. …
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Florida Braces for Rate Hikes, Litigation Due to Workers’ Compensation Fee Ruling
The Florida Supreme Court’s ruling that the state’s current attorney fee limits are unconstitutional will have serious ramifications on the workers’ compensation market in the state, according to Florida Insurance Commissioner Kevin McCarty and other workers’ compensation experts. Those ramifications …
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West Virginia Doctor Gets 8 Years in Drug, Health Care Fraud Case
A pain clinic doctor in Beckley, West Virginia, has been sentenced to eight years in federal prison for illegally prescribing a controlled substance and submitting false health care claims. Dr. Jose Gordinho was sentenced Wednesday in federal court in Beckley. …
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Alabama Medical Marijuana Bill Headed to Governor
The Alabama legislature on Wednesday voted to decriminalize medicinal marijuana oil possession. In a 95-4 vote in the House of Representatives and a 29-3 vote in the Senate, legislators supported a bill supporters say is a bid to help families …
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The Hartford Profit Fell 30% in Q1 Due to Higher Auto Losses, Lower Investment Income
The Hartford reported disappointing personal lines result for the first quarter of the year, which along with decreased investment income contributed to a 31 percent drop in profit for the quarter. First quarter 2016 net income totaled $323 million, down …
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Hackers in Bangladesh Bank Cyber Heist Pocketed About $70M; NY Fed Criticized
Hackers are likely to get away with about $70 million of Bangladesh’s foreign reserves after a brazen cyber-attack against the South Asian nation, according to Finance Minister Abul Maal Abdul Muhith. The Philippines — where most of the funds ended …
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QBE North America Promotes Burkhart to Head of Specialty Management, Professional Liability
QBE North America has promoted John Burkhart to senior vice president and head of Management Liability & Professional Lines (MLPL). In this newly created role, Burkhart will assume responsibility for QBE North America‘s entire Specialty MLPL portfolio, which includes its …
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How Model for Preventing Workers’ Chronic Pain Claims Was Born
In response to rising chronic pain claims, Travelers announced the development of a new patent-pending predictive model designed to identify claims and workers most at risk. The company, which developed the Early Severity Predictor (ESP) program, manages more than 250,000 …
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Large Insurers Eager But Cautious About Drone Insurance Market
A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of uncertainty about how the drones will be used …
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Young Consumers More Trusting of Autonomous Vehicles: J.D. Power
Trust in automation technology including driverless cars is very much age dependent, as younger consumers have a notably higher level of confidence in the technology than their older counterparts, according to the J.D. Power 2016 U.S. Tech Choice Study. While …
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US 'drops Pakistan fighter jet subsidy'
The US will no longer subsidise the sale of eight F-16 fighter jets to Pakistan, a senior state department official tells the BBC.
John Wayne Day scrapped over race row
Plans to declare 26 May as John Wayne Day in California are rejected in a State Assembly vote over racist comments the actor made when he was alive.
HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics
The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its new standard equipment breakdown policy. The company said it is the first equipment breakdown insurance product covering undetectable physical damage …
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Zurich Canada Appoints Healey as Sr. VP, Distribution & Regional Management
Zurich Canada has appointed Patrick Healey as senior vice president, Distribution and Regional Management. Healey will be responsible for leading and managing broker relationships and supporting market-facing underwriting colleagues towards the goal of continuing to make Zurich more customer focused, …
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Swiss Re Q1 Net Income Down 15% to $1.23B; New Head of Reinsurance Named
Swiss Re AG, the world’s biggest reinsurer, reported first-quarter net income that beat analyst estimates after a quiet period for natural catastrophes. Net income fell to $1.23 billion from $1.44 billion a year earlier. Six analysts surveyed by Bloomberg estimated …
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VIDEO: Demonstrations near Trump rally
Hundreds of demonstrators have blocked traffic outside a venue in California where the Republican presidential hopeful, Donald Trump was holding a rally.
Panda-suit man shot after bomb threat
A man wearing a panda costume and a surgical mask is shot and wounded by US police after allegedly making a bomb threat against a TV station.
Why People Overestimate the Risk of Black Swan Events
In his 2007 book “The Black Swan: The Impact of the Highly Improbable,” finance writer Nassim Nicholas Taleb attempted to educate the public about the danger of rare, unusual events. This is obviously important in the world of finance — …
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Thursday, April 28, 2016
Clashes near Trump rally in California
Hundreds of demonstrators block traffic outside a venue in California where Republican presidential hopeful Donald Trump was holding a rally.
Lockton Benefit Group Adds Leopold as Chief Medical Officer
Lockton Benefit Group, based in Kanas City, Mo., has added Dr. Ronald S. Leopold to its national Lockton Health Risk Solutions practice. As leader of the practice, Dr. Leopold will combine his clinical knowledge with Lockton’s proprietary InfoLock data intelligence platform to improve …
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Oklahoma Commissioner to Insurers: Pay Roof Repairs that Meet Building Codes
In the midst of storm season, the Oklahoma Insurance Department (OID) is reminding insurance companies to cover roof repairs that meet state or local building codes. OID issued a bulletin to insurers on April 25 after receiving multiple consumer complaints. …
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US man 'jailed for spying in N Korea'
North Korea has sentenced a US citizen to 10 years of hard labour for spying, according to media reports from Pyongyang.
VIDEO: Ted Cruz 'is Lucifer in the flesh'
US presidential hopeful Ted Cruz has been called "Lucifer in the flesh" by the former Speaker of the House of Representatives, John Boehner.
Womancard - the card that gives you less
Trump jibe about Clinton's electoral appeal inspires online humour
VIDEO: Trump 'would drop the atomic bomb'
Donald Trump would "have the guts" to drop an atomic bomb, according to one of his supporters.
NY Times faces discrimination lawsuit
New York Times chief executive Mark Thompson faces a multi-million dollar lawsuit alleging he introduced an "environment rife with discrimination" at the newspaper.
VIDEO: Jenner takes up Trump toilet offer
Caitlyn Jenner posts video of female toilet use after Donald Trump supported transgender right to choose which facility to use.
EPIC’s McNeil Named to California Water JPA Risk Management Board
David McNeil, a principal in the EPIC Insurance Brokers and Consultants’ Inland Empire division, has been appointed to the advisory board of the California Association of Mutual Water Companies Joint Powers Risk and Insurance Management Authoriy. The authority is a …
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Climate Change and the Conservative Republican
If you’re a conservative Republican, there’s a decent chance that you believe in climate change. Compared with two years ago that is. Don’t tell this to Rush Limbaugh or presidential hopeful Donald Trump – though he seems to have warmed …
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Florida Supreme Court Finds Attorney Fee Schedule Unconstitutional; Passes on Other Key Workers’ Comp Case
The Florida Supreme Court has ruled that the state’s mandatory attorneys’ fee schedule for workers’ compensation cases is unconstitutional under both Florida and the U.S. Constitution as a violation of due process. The state’s top court also declined to rule …
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San Bernardino police arrest three
Three people are arrested in raids carried out by police investigating the attacks in San Bernardino that killed 14 people.
Connecticut Gov. Signs Order Strengthening State Building Code
Connecticut Gov. Dannel Malloy announced that, as Connecticut faces more frequent and severe weather events as a result of global warming, he is directing state agencies to develop new building code standards that will better protect residential and commercial structures …
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TV Host Erin Andrews Settles Nashville Marriott Case, Ends Appeals
Sportscaster and TV host Erin Andrews on Monday settled with two hotel companies that were found partially to blame for a stalker posting secretly-recorded nude video of her on the Internet. A jury in March had already awarded Andrews $55 …
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Ted Cruz 'is Lucifer' - ex-Speaker
US presidential hopeful Ted Cruz has been called "Lucifer in the flesh" by the former Speaker of the House of Representatives and fellow Republican John Boehner.
Willis Capital Markets & Advisory Appoints Lien as Managing Director, Hong Kong
Willis Towers Watson has appointed Vincent Lien as managing director of Hong Kong for Willis Capital Markets & Advisory (WCMA), the firm’s investment banking business. Reporting to WCMA co-CEOs, Michael Guo and Rafal Walkiewicz, Lien will be based in Hong …
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Florida Supreme Court Hears Constitutional Challenge to Workers’ Comp System
Oral arguments were heard April 6, 2016 by the Florida Supreme Court in a case brought by an injured nurse challenging the constitutionality of the entire Florida Workers’ Compensation system. The high court could now be ready to decide on …
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CDI: Trucking Company Owners Cheated Workers’ Comp Carrier out of Millions
A pair of California trucking company owners were arrested for cheating their worker’s compensation insurer out of millions of dollars. Alvin Shin Chen, 54, and Fiona Xilin Chen, 46, both of La Cañada Flintridge, Calif., were arrested this week at …
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AAIS Offers Its First Personal Auto Program for Insurers; Includes 60 Endorsement Options
The property/casualty insurance advisory organization AAIS has unveiled its first standardized personal auto insurance program for use by insurers that it says is the first new auto program available to the industry in decades. The American Association of Insurance Services …
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NCCI Sees Stable Trends in New England
The National Council on Compensation Insurance says it is seeing generally stable trends in Connecticut, Maine, New Hampshire, Rhode Island and Vermont — five New England states where NCCI serves as a licensed rating and statistical organization. “Overall, the NCCI …
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Beecher Carlson Hires Miller as Managing Director in NYC
Beecher Carlson Insurance Services, a specialized large account risk management broker and a wholly-owned subsidiary of Brown & Brown Inc., has hired Megan Miller as managing director. She will be responsible for developing and managing large risk management accounts, with …
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Honolulu Rail Project at Risk of Flood Damage
A group of residents is prepared to take Honolulu, Hawaii officials to court over the city’s multibillion-dollar rail project because of concerns that the rail could be vulnerable to flood damage. The Honolulu Star-Advertiser reported the “Do Rail Right” group …
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EPA Nails Tesoro’s Washington Oil Refinery for Safety Violations
The U.S. Environmental Protection Agency has fined the Tesoro oil refinery in Anacortes, Wash. nearly $720,000 for alleged safety violations. The EPA said last week it filed a complaint seeking penalties for violations found during two facility inspections in 2011. …
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Marsh Reports Q1 Growth of 2%; Guy Carpenter 3%
Global insurance, risk and consulting firm Marsh & McLennan Companies Inc. reported growth across all of its companies in for the first quarter ended March 31, 2016. Consolidated revenue in the first quarter of 2016 was $3.3 billion, an increase …
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Drug agency 'probes Prince death'
Police investigating the singer's death are asking for help from US drug agency officials, according to reports.
US economic growth slows to 0.5%
US economic growth slowed to an annual pace of 0.5% during the first three months of the year, official figures show.
VIDEO: Boy, 2, accidentally shoots mother
A two-year-old boy has accidentally shot and killed his mother in the US city of Milwaukee, as Andy Moore reports.
Comcast to buy Dreamworks for $3.8bn
Comcast's NBCUniversal subsidiary announces it has agreed to buy DreamWorks Animation for $3.8bn
Drugs firms announce deals worth £24bn
Consolidation continues in the pharmaceutical industry as both Abbott Laboratories and Sanofi announce multibillion dollar expansion efforts.
French Startup Drivy (‘Airbnb for Cars’) Raises $35M to Expand; Insured By Allianz
Drivy, a French startup that lets people hire out their cars in much the same way Airbnb runs a market for houses, said Thursday it raised 31 million euros ($35 million) to fund its continued expansion across Europe. Already operating …
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Volvo to Launch Autonomous Driving Trial in London in 2017
Swedish car maker Volvo will begin an autonomous driving trial in London in 2017. Called “Drive Me London,” the UK trial will use real families in a limited number of semi-autonomous cars. Starting with a handful of AD cars next …
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Republicans Call for State Pools to Replace Obamacare Safeguards for Sickest Insureds
U.S. House of Representatives Speaker Paul Ryan called on Wednesday for an end to Obamacare’s financial protections for people with serious medical conditions, saying these consumers should be placed in state high-risk pools. In election-year remarks that could shed light …
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President Obama Gets Trade Secret Protection Bill Passed by Congress
The U.S. Congress on Wednesday passed and sent to President Barack Obama legislation strengthening legal protection for companies’ trade secrets, including manufacturing processes and computer methods. The House of Representatives voted 410-2 to approve the “Defend Trade Secrets Act” on …
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Uber’s $100M Class Action Settlement Falls Short for Some Drivers
Uber’s proposed settlement of a high-profile class-action lawsuit last week has drawn opposition from some drivers and other concerned parties as the ride-hailing service seeks to avoid reclassifying drivers as employees. The settlement, which still must be approved by a …
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PERILS Joins Singapore’s NatCatDAX, Helping to Close Asia Nat Cat Protection Gap
PERILS, the Zurich-based independent organization providing industry-wide catastrophe insurance data, announced it has joined the Singapore-based Natural Catastrophe Data and Analytics Exchange (NatCatDAX) Alliance, which has been set up to help increase data availability for natural catastrophe insurance in …
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Lloyd’s Market Urged to Use Oasis Open-Source Cat Models for Wider Risk View
Lloyd’s managing agents should take full advantage of Oasis, the open source catastrophe modeling platform in order to get wider views on catastrophe risks, urged Tom Bolt, Lloyd’s director of performance management. “Catastrophe models are valuable tools, but each model …
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Captive Manager Marsh IAS Promotes 2 Senior Leaders in Bermuda
Marsh IAS has appointed Jill Husbands as chairman of Marsh IAS Bermuda and Lawrence Bird as head of office in Bermuda. Husbands succeeds David Ezekiel who retired on Dec. 31, 2015. Husbands will focus on strategic growth initiatives and key …
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Wednesday, April 27, 2016
Robot Cars Complain About Humans’ Poor Roads, Lane Markings, Signage
Volvo’s North American CEO, Lex Kerssemakers, lost his cool as the automaker’s semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show. “It can’t find the lane markings!” Kerssemakers griped to Mayor Eric …
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Nintendo to sell Seattle Mariners stake
Japanese gaming company Nintendo says it plans to sell its majority stake in US baseball team Seattle Mariners.
Texas Roofer Fined $80K for Repeated Workplace Hazards
Federal safety regulators have levied $80,280 in penalties against Quick Roofing LLC for repeatedly exposing workers to falls, ladder hazards and eye injuries. The Occupational Safety and Health Administration (OSHA) said the employer has been cited six times in three …
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Proposal for Food Inspection Cuts in Louisiana Raises Health Risk Concerns
More people could be exposed to foodborne illnesses in Louisiana if lawmakers approve a provision in the governor’s 2017 budget proposal which would lead to fewer inspections of the retail food industry, officials said. The Department of Health and Hospitals …
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Texas, Louisiana Residents Sue Toledo Bend Dam Operator Over Flooding
Nearly 240 Texas and Louisiana residents have sued the Sabine River Authority over March flooding that inundated hundreds of homes and closed Interstate 10. Communities in Southeast Texas and Louisiana were flooded by up to 20 inches of rain last …
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Michigan Regulators Recover Over $1.7M for Consumers in Marc
The Department of Insurance and Financial Services (DIFS) Office of Consumer Services assisted 8,353 consumers across the state and helped recover more than $1.7 million. “We strive to create and maintain active relationships with both consumers and licensees in the …
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Chubb Expands Environmental Insurance Products, Services
Chubb has broadened the availability of its premises pollution liability and other environmental insurance coverages and risk management products through its newly expanded distribution network. Chubb’s Environmental products distribution network has grown from nine to 48 branch offices, as a …
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Alabama Jury Orders Dollar General to Pay Injured Truck Driver $925K
A jury in Lauderdale County, Alabama has returned one of the largest personal injury verdicts in the county’s history, finding Dollar General at fault for injuries sustained by a Kentucky delivery driver five years ago. News outlets report that the …
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Facebook triples quarterly profits
Facebook reported a 195% jump in its first quarter net income as advertising continued to grow.
Valeant boss 'regrets' raising prices
Valeant's outgoing boss 'regrets' raising drug prices
Board to Ponder Rules for Marijuana Consumption at Alaska Stores
Marijuana regulators in Alaska plan to consider rules this week for consuming marijuana products at authorized retail pot stores, a first among states that have legalized the recreational use of pot. Late last year, the Marijuana Control Board voted to …
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Motorists Insurance Group Reports Strong Results for 2015
The Motorists Insurance Group, based in Columbus, Ohio, announced it recorded a strong performance in 2015, which included underwriting profits across all lines, $729 million in direct written premium, and a combined ratio of 98.8 percent. The group released its …
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VIDEO: Trump's 'shift towards the mainstream'
The former US ambassador to the United Nations says Donald Trump's foreign policy speech in Washington signalled a 'shift towards the mainstream'.
The rise of the middle-aged intern
The growing number of people switching careers in later life
China's push for driverless cars accelerates
China's push for driverless cars accelerates
Brooks Joining Kemper as Senior VP, Chief Information Officer
Chicago-based Kemper Corp. announced that effective May 2, Charles T. Brooks will join the company as senior vice president and chief information officer Brooks will be based in Chicago and will report directly to Joseph P. Lacher, Jr., Kemper’s president …
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VIDEO: Fire rips through Canada rail bridge
Fire engulfs a rail trestle bridge in Mayerthorpe in the Canadian province of Alberta.
Sanders 'begins campaign lay-offs'
The campaign of US Democrat Bernie Sanders starts laying off staff members, a day after a series of losses to Hillary Clinton in key states.
VIDEO: Bobbi Kristina Brown's drug use 'got bad'
Bobbi Kristina Brown's drug use "got really bad" before she died, her boyfriend Nick Gordon says.
New York Comptroller Urges Tighter Rules, More Insurance for Oil Trains
New York state’s comptroller urged federal authorities Tuesday to strengthen safety measures against oil spills and require trains to carry sufficient insurance to cover cleanup costs from major accidents. Comptroller Thomas DiNapoli is administrator of New York’s $40 million Oil …
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Ted Cruz 'to pick Carly Fiorina as VP'
Republican presidential candidate Ted Cruz is set to announce former contender Carly Fiorina as his running mate, US media reports.
Ex-House Speaker 'serial child molester'
A judge sentences Dennis Hastert to two years of probation, calling the former House Speaker "a serial child molester".
Playing 'the woman card': How would a female Trump do?
How would a female Donald Trump do?
UJA-Federation of N.Y. to Honor Casserley, Dangelo, Hershman
UJA-Federation of New York, a philanthropic organization, announced three honorees to be recogznied at this year’s General Insurance Annual Dinner. The event will be held on May 31 at Grand Hyatt New York in Manhattan. This year’s honorees are Dominic …
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Arkansas Measure Would Cap Medical Non-Economic Damages at $250K
Arkansas Attorney General Leslie Rutledge has approved the wording of a measure to limit lawsuit damages awarded against health care providers, clearing the way for supporters to try and put the proposal on the November ballot. Rutledge certified the proposed …
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Kingstone Hires AIG Exec Delaney as Senior VP in New York
Kingstone Companies Inc., a multi-line regional property/casualty insurance holding company based in New York, announced that David Delaney has joined the senior management team at its subsidiary Kingstone Insurance Company as senior vice president of Business Development. Delaney brings over …
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Kansas Tornado Damages 10 Homes, Destroys Trailer
The National Weather Service is surveying damage from a northern Kansas tornado that left two people with minor injuries, damaged about 10 homes and destroyed a trailer. National Weather Service meteorologist Brian Barjenbruch says the tornado hit at night on …
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Ohio Court Seeks Heirs in $2M Asbestos Claim Payout
A northeast Ohio court is trying to track down for heirs to hundreds of rubber workers who died or became very ill because of exposure to asbestos as it looks to pay out about $2 million in legal claims. Heirs …
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Pilots in Fatal 2015 Ohio Crash Were Fired from Previous Jobs: NTSB
Both pilots in a chartered-jet crash last year in Akron, Ohio, that killed seven employees of a Florida real estate company had been fired from previous jobs for performance issues, investigators said. All nine people aboard the Hawker 125-700A …
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2 Ohio Property/Casualty Insurers Approved to Operate in Arkansas
Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state. The companies now have the authority to offer property, casualty, surety, and marine products in …
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Mercury Insurance Launches Ride-Hailing Coverage in Illinois
Mercury Insurance is now offering ride-hailing insurance to cover Uber, Lyft and other Transportation Network Company (TNC) drivers in Illinois. This new coverage will provide drivers with insurance that will bridge the gap between their personal auto insurance and the …
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FEMA: Nearly $30M in Disaster Assistance Going to Texas in Aftermath of March Storms
More than $29.9 million in federal and state aid to date is helping the residents of 13 Texas counties recover from the severe storms, tornadoes and flooding in March, the Federal Emergency Management Agency (FEMA) Assistance is ongoing and residents of Erath, Gregg, Harrison, Henderson, …
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Central U.S. States Hit with Tornadoes, Strong Storms
A powerful spring storm brought strong winds and baseball-sized hail to several central states on April 26, with tornadoes spotted in Kansas and Oklahoma as the severe weather marched east, forecasters said. The storm knocked down tree limbs and left …
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Some Senior Drivers Have Higher Crash Risk
Older drivers with a history of falling have a 40 percent higher risk of being involved in motor vehicle crashes. But despite this increased risk, drivers ages 40 – 80 still have a lower risk of being involved in a …
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West Virginia to Receive $8M From Wells Fargo in Marketing Practices Dispute
Wells Fargo will pay $8 million to West Virginia as part of a settlement of a decade-long dispute involving marketing practices. Attorney General Patrick Morrisey announced Monday that Wells Fargo will pay the money to the Office of the Attorney …
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Balcony Collapses Near South Carolina University, Injures 4
Authorities say about 15 people were standing on a balcony that collapsed at a house near South Carolina’s Clemson University, injuring several of them. The Greenville News reports that four people were taken to a hospital after the collapse April …
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Trump to reveal foreign policy goals
Donald Trump is to give details of his foreign policy in a speech, a day after sweeping to a win in five US Republican primaries.
DreamWorks shares soar on bid reports
DreamWorks Animation's shares surge almost 18% on reports that US cable giant Comcast is in talks to buy the Hollywood studio for $3bn (£2.1bn).
Oregon Women Sue Kaiser Over Ex-Nurse Facing Sex Abuse Charges
Two Oregon women who claim they were sexually abused by a nurse at a Beaverton clinic have filed a $1 million lawsuit against Kaiser Permanente over claims of negligence. The Oregonian reported the suit filed this week claims Kaiser failed to …
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Average to Below-Average Wildfire Season Expected for Colorado
Firefighters said Tuesday they expect another average or below-average wildfire season in Colorado in 2016, the third mild year in a row. “That’s always good news,” Gov. John Hickenlooper said after announcing the outlook. But even an average year can …
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Champion Risk Acquires Adams Clay Insurance in California
San Diego, Calif.-based Champion Risk & Insurance Services has acquired Clay Insurance Brokerage Co. in Rancho Santa Margarita. Terms of the deal weren’t released. The acquisition is effective May 1. Robert Swanson, owner of Adams Clay, will join Champion Risk. …
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Ironshore Product Recall Coverage for Food Industry Covers Rehabilitation, Loss of Income
Ironshore Pembroke Managing Agency Ltd. is offering Product Contamination Recall Insurance, focusing on risk exposure within the food and beverage industries. Contamination and subsequent recall occurrences can be triggered by accidental human error, malicious product tampering and product extortion throughout …
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Trump sweeps five US state primaries
Donald Trump wins Republican presidential primaries in all five US states that voted, while Democrat Hillary Clinton notches four from five.
10 Things Young Insurance Agents Like, and Don’t Like, About Their Jobs
Overall, young agents are happy with their career choice. They enjoy the freedom and challenges that come with being independent agents. But they are not thrilled with every aspect of their career choice. Who is? The April 4 issue of …
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Munich Re Issues First Quarter Profit Warning on Lower Equity Investments
Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be lower than a year earlier after market turmoil caused the …
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Global Insurance Fintech Investment Grows by 237% in 2015: Accenture Research
While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals that the overall increase in global insurance investment levels …
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VIDEO: Decoding Trump and Clinton's speeches
Donald Trump and Hillary Clinton won decisive victories in the race for their parties' presidential nomination - what did we learn from the speeches by the winners and losers?
Aon Launches Next Generation of ReMetrica for Risk & Capital Modeling
Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has launched ReMetrica Version 7.0 – its next generation platform for risk and capital modeling. Following Solvency II and equivalent regulation, insurers are demanding more value from their …
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Global Risk Partners Backs LONMAR’s MBO, Supporting Its Growth Strategy
Global Risk Partners, the acquisitive insurance broking and managing general agency (MGA) investment vehicle, has agreed to back the management buyout of LONMAR GLOBAL RISKS, the specialist Lloyd’s broker. The transaction is subject to regulatory approval. LONMAR’s management team, led …
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Mitsubishi Motors’ Faces Uncertain Future as Fuel Test Scandal Deepens
For the second time in about a decade, Mitsubishi Motors Corp. faces a scandal that poses an existential threat. The Japanese automaker has improperly tested the fuel economy of its cars for the past quarter century, widening the scope of …
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Tuesday, April 26, 2016
Aspen Re Appoints Cardona as Managing Director for Latin America & Caribbean
Aspen Insurance Holdings Ltd. announced that its reinsurance segment, Aspen Re has appointed Hugo A. Cardona as managing director for Latin America and Caribbean. Cardona will join Aspen on May 2 from Odyssey Reinsurance Co. where he was chief underwriting …
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Plaintiff Seeks Future Revenues to Settle Led Zeppelin Copyright Spat
Lawyers suing members of rock supergroup Led Zeppelin say their client is willing to settle a lawsuit over the band’s most famous song–a claim potentially worth millions of dollars–for just $1. The catch is that band members Robert Plant and Jimmy Page would …
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Reuters Special Report: How Google Is Winning Acceptance of Driverless Economy
The Alamo Drafthouse Cinema Plaza in Austin, Texas is a strip mall with a pet-accessories store, a Thai restaurant and a yogurt shop, an unlikely venue to display the high-tech future. But one Saturday morning in March, Google did just …
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VIDEO: Trump pledges to 'beat the system'
Donald Trump says he will "beat the system" to win the Republican presidential nomination.
VIDEO: Clinton: We can be dreamers and doers
Hillary Clinton has told her supporters in Philadelphia that the "dreamers and doers" of the Democratic Party can make America better.
Conn. Court: Law Doesn’t Bar Suits Against Cigarette Manufacturers
Cigarette manufacturers aren’t immune to lawsuits by smokers who get sick, Connecticut’s highest court ruled Monday in a decision that bolsters the case of a smoker who was stricken with laryngeal cancer and won a $28 million judgment against R.J. …
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New York Among States With Highest Rate of Motorcycle Theft
The New York Insurance Association (NYIA) advises that motorcycle thefts in New York increased by 23 percent from 2014 to 2015. According to a report from the National Insurance Crime Bureau (NICB), motorcycle thefts nationwide increased by 6 percent during …
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Florida Gov, CFO at a Standstill Over Next Insurance Commissioner
For the second time in a month, Florida Gov. Rick Scott and Chief Financial Officer Jeff Atwater could not reach an agreement over who will become the next insurance commissioner for the state. At the April 26 Florida Cabinet Meeting, …
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JenCap Holdings Acquires Trivedi-Capacity in New Jersey
JenCap Holdings LLC, a portfolio company of private-equity giant Carlyle Group, has acquired Trivedi-Capacity Associates LLC, a specialist MGA and wholesaler based in Mahwah, New Jersey. Terms of the transaction were not disclosed. Trivedi-Capacity is a provider of specialty programs …
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Canada and UK to press allies on ransoms
Canadian Prime Minister Justin Trudeau says he and UK counterpart David Cameron will press allies over making ransom payments after the death of a Canadian hostage.
Apple reports falling sales
Apple reported a 13% drop in its second quarter revenue on Tuesday as sales of iPhones slipped.
Prince 'did not leave will', court told
Pop star Prince did not leave a will, his sister reveals in court documents.
US firefighters backtrack on meteorite
Firefighters in the US state of Maryland backtrack after blaming a meteorite for a brush fire.
VIDEO: Dolezal on life since race identity row
Rachel Dolezal looks back on her life since the media storm over her racial identity
NFL star charged with domestic violence
Former Cleveland Browns quarterback Johnny Manziel is charged with assaulting his ex-girlfriend, with the American Football star expected to plead not guilty.
Vermont’s Latest Captive Bill Signed Into Law
Vermont Gov. Peter Shumlin has signed new legislation, H-538, that allows sponsored or industrial insured captives that are inactive to enter a dormant status. This status would allow such types of captives to be exempted from premium taxes but stay …
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Xl Catlin Appoints McGrath as Fine Art & Specie Underwriter in NYC
Xl Catlin has appointed Kyle McGrath as Fine Art & Specie underwriter. She is based in New York City. In her new role, she will underwrite Fine Art and General Specie coverage for clients throughout the U.S. and will be …
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Investors Back Trov, On-Demand Platform for ‘Insurable Moments’ and Items, with $35M
Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the coverage on and off whenever they want with swipe of a finger on their smartphone. In the words of the …
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Port Authority of N.Y.-N.J. Could Block $10M Newark-Uber Deal
A tentative deal between Newark, New Jersey, and ride-hailing company Uber has hit a roadblock. The Port Authority of New York and New Jersey, which operates Newark Liberty International Airport, is raising concerns about the city’s proposal to receive $1 …
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A.M. Best: Texas Hail Storm Damage Poised to Exceed 9-Year U.S. Average
A.M. Best says year-to-date 2016 results in Texas alone appear to have already met the nine-year average for hail storm damage in the United States. According to Best’s Briefing, titled, “Texas Hail Storm Damage Poised to Exceed Nine-Year Average—And It’s …
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Ratings of State Automobile Mutual Insurance Co. and Subs Afirmed
A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Columbus, Ohio-based State Automobile Mutual Insurance Co. (State Auto) and its operating subsidiaries. Concurrently, A.M. Best has affirmed the ICR of …
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Worker Falls into Vat; World’s Largest Sauerkraut Cannery Fined $143.5K
A Wisconsin food cannery faces $143,550 in federal penalties after a 35-year-old worker fell more than 17 feet into an empty sauerkraut vat and broke multiple bones. It marks the fourth time since 2011 that the U.S. Department of Labor’s Occupational …
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Labrie Joins Hanover Stone Partners in Connecticut
Hanover Stone Partners, a risk management services firm based in Jersey City, New Jersey, has hired Daniel Labrie as senior risk advisor. Based in Berlin, Connecticut, Labrie will help provides a wide array of governance and related advisory services for …
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Michigan Manufacturer to Pay $187.5K to Settle EEOC Disability Discrimination Suit
A paper and packaging manufacturer with a facility located in Battle Creek, Mich., will pay $187,500 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC said its lawsuit charged that RockTenn Company …
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Japan Aims to Beef up Nuke Safety Check Competency After Bad Review
Japanese nuclear regulators said Monday they will revise laws, nearly double inspection staff and send some inspectors to the U.S. for training to address deficiencies cited by the International Atomic Energy Agency. The Nuclear Regulation Authority announced the plans in …
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Howard Promoted to Shareholder, Vice President at Gillis, Ellis & Baker
New Orleans-based insurance and risk management firm, Gillis, Ellis & Baker (GEB), announced that Jeff Howard has been promoted to shareholder and vice president of the firm. Howard joined Gillis, Ellis & Baker in 2011 as an insurance producer. He …
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Reconstruction of Quake-Damaged Heritage Sites Begins in Nepal
Nepal’s prime minister announced this week the start of reconstruction of key heritage sites in and around the capital that were damaged by an earthquake that killed nearly 9,000 people and devastated the country one year ago. Prime Minister Khadga …
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FEMA Grants Proof of Loss Extension to Louisiana NFIP Policyholders
Louisiana Insurance Commissioner Jim Donelon announced that the Federal Emergency Management Agency (FEMA) has granted a 60-day extension on filing the Proof of Loss form for National Flood Insurance Program (NFIP) policyholders who were affected by storms across the state …
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AIG, Hamilton, Two Sigma to Launch to Small-Medium Business Joint Venture
American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to form create a technology-enabled insurance platform for sales to the small to medium-sized enterprise (SME) market. The announcement said …
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Retrofitting in Utah, Nevada Spurred by Earthquake Report
A new report raising the likelihood of a destructive earthquake striking Salt Lake City, Utah in the next half century has underscored the urgency to retrofit more than 30,000 older brick homes and other unreinforced buildings at high risk of …
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EPIC Adds McKinney and Neer in Northern California
EPIC Insurance Brokers and Consultants has added Victoria McKinney as a team leader and employee benefits consultant and Robin Neer as an account executive. Both will be based in EPIC’s Gold River office in the Sacramento area under the leadership …
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Who Wins, Loses In a Driverless Car Economy?
The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people each year killed in road accidents in America alone. “If the situation was reversed, …
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Google, Ridesharing Firms, Automakers Form Lobby Group for Self-Driving Cars
A group of companies including Alphabet Inc.’s Google, Ford Motor Co. and Uber Technologies Inc., are forming a coalition to advocate for safety regulations for self-driving cars and to bring them to American roads. The group, which also includes Volvo …
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Gay couple win Thai custody battle
A same-sex foreign couple win custody over a baby born to a Thai surrogate mother who tried to keep the child after discovering they were gay.
Monday, April 25, 2016
Assurant to Pick Up Policies as Nationwide Exits Federal Flood Insurance Program
Nationwide will start winding down its status this May as a “Write Your Own” carrier within the federal government’s National Flood Insurance Program. Assurant said it formed an agreement with the insurer to fill the gap. Nationwide said it plans to begin …
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VIDEO: 'System is rigged and broken'
Donald Trump has attacked a deal between his rivals for the Republican presidential nomination.
Trump and Clinton vie for north-east US
Voters in five north-eastern US states will cast ballots in primaries that could cement the leads of front-runners Hillary Clinton and Donald Trump.
Family of Atlanta Man Who Fell to Death at Braves Stadium Sues Team, MLB
The family of the fan who plunged to his death last year from an upper deck at Turner Field has filed a lawsuit against the Atlanta Braves and Major League Baseball. The Atlanta Journal-Constitution reports that the family of 60-year-old …
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Fire at Orlando Apartment Complex Damages 22 Units
More than 50 residents were displaced following a fire at an apartment complex in Orlando on April 21. Fire officials tell news outlets that crews were called to the Regency Gardens condominium around 2 p.m. Orlando police Cpl. Jason Engelhardt …
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Trudeau outrage at Philippines murder
The Canadian Prime Minister Justin Trudeau condemns the killing of a Canadian hostage kidnapped by Islamist militants in the Philippines.
Assurant Names Waghray Chief Technology Officer in Atlanta
Assurant, Inc. has appointed Ajay Waghray to the role of chief technology officer and to the company’s management committee, effective May 9, 2016. In this newly created role, Waghray will drive technology strategy and align IT with business objectives across …
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Paragon Names Bay-Weber President of Excess And Surplus in California
Paragon Insurance Holdings LLC in California has named Jill Bay-Weber president of its excess and surplus commercial business division. Bay-Weber has been responsible for the development and underwriting of many specialty programs over the last 20 years. She most recently held …
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Burnham Benefits Names Corp Senior Account Manager in California
Burnham Benefits Insurance Services Inc. has named Sara Corp a senior account manager. Corp will be located in the Sacramento, Calif. area. She has more than 15 years of experience working in employee benefits. Corp spent four years as an …
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North Carolina LGBT law fuels protests
Thousands of activists rally outside the North Carolina legislature as it reconvenes for the first time since enacting a law criticised as anti-gay.
Five key talking points in Beyonce's Lemonade
Beyonce's surprise album packs a political punch
Sixx AM: How Donald Trump inspired our new album
Rock band Sixx AM say Donald Trump inspired an album of protest songs
VIDEO: US troop increase in Syria 'marginal'
Former NATO Commander Admiral James Stavridis tells the BBC the US troop increase in Syria will have a 'marginal affect'.
Cleveland to pay $6m over Rice shooting
The US city of Cleveland agrees to pay $6m (£4.14m) to the family of 12-year-old black boy Tamir Rice, shot and killed by a white policeman in 2014.
NFL's Manziel 'faces assault charge'
Troubled NFL quarterback Johnny Manziel is expected to be indicted over an alleged assault on his ex-girlfriend, his lawyer says.
Canadian hostage killed in Philippines
A Canadian man held captive by Islamist militants for months in the Philippines has been killed, Canadian media confirm.
VIDEO: Obama urges EU for 'unity' on security
President Obama has urged European leaders to pay more towards international security, to tackle threats, like those posed by the self-declared Islamic State group.
KMRD Partners Adds 2 Risk Managers in Pennsylvania
KMRD Partners, an insurance brokerage and risk management services firm based in Warrington, Pennsylvania, has hired John Garber and Karl Granlun as risk managers. Garber’s role as risk manager, Client Advisory Services, will include responsibilities for risk management, human capital, …
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Allied World Launches Product Recall Insurance in North America
Allied World Assurance Company Holdings, AG has added product recall insurance products for the U.S. and Canada through its Global Crisis Management Division. The product recall insurance offers both first party and third party coverage and it allows clients to …
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Hostetter Joins Jack Martin & Associates in Maryland
Jack Martin & Associates, a division of Easton, Maryland-based Avon-Dixon Agency, announced that Damon Hostetter has rejoined the firm. Hostetter will be the agency’s Yacht Division executive. He most recently was senior vice president of Chubb Recreational Marine, formerly ACE …
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Republican pact 'desperate' says Trump
Donald Trump says a pact formed by his two rivals for the Republican presidential crown is a desperate act, a day before five states cast votes.
Uber Hit With $11M Fine in Pennsylvania
Pennsylvania regulators fined Uber $11.4 million on April 21 — a record for the utility commission — for operating for six months in 2014 without the required approval. The company said it would appeal. The Public Utility Commission, which also …
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Oklahoma Law Limits Fines for Failure to Show Proof of Auto Insurance
Legislation now signed into law by Oklahoma Gov. Mary Fallin will keep some motorists with insurance from receiving a fine when they fail to carry their insurance verification form. House Bill 2473, by state Rep. Ken Walker, would remove the …
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New York Commences Liquidation Proceedings for Health Republic
The New York State Department of Financial Services (DFS) announced that it has commenced a liquidation proceeding for the failed insurance cooperative Health Republic. The New York State Supreme Court will be supervise the liquidation proceeding, with the DFS superintendent …
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Report: Missouri Recovered $15M-Plus for Insurance Consumers in 2015
The Missouri Department of Insurance, Financial Institutions and Professional Registration has released its 2015 Annual Report highlighting insurance industry data and department accomplishments, including the recovery of more than $15 million for insurance consumers in the state. “This report illustrates …
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Arkansas Admits New Life, Accident, Health Insurance Provider
Atlantic Coast Life Insurance Company (ACL) has been approved to do business in Arkansas, the state insurance department announced. ACL, a South Carolina domestic insurer since 1925, currently offers a variety of life, preneed and limited benefit accident and health products …
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LA Times owner reviews uninvited bid
LA Times owner, Tribune Publishing, says it is reviewing an uninvited offer from media firm Gannett to buy the company.
Remaining Flood-Displaced Houstonians Get Temporary Housing
Officials in Houston have closed the last of the city’s shelters and moved more than 150 families into temporary housing following the torrential rains that claimed eight lives and displaced thousands of people in the region. Mayor Sylvester Turner said …
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Brady 'deflate-gate' ban restored
New England Patriots quarterback Tom Brady has his four game 'deflate-gate' ban restored by a US appeals court.
California Public Utilities Commission Oks New Ridesharing Regulations
The California Public Utilities Commission has approved new regulations for ridesharing companies like Uber and Lyft, including where identifying logos should go and stricter vehicle inspections. The San Francisco Examiner reported that the companies will now need to open their …
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Hawaii Teenager Says Uber Driver Sexually Assaulted Her
A man who worked as an Uber driver is charged in the sexual assault of a 16-year-old passenger in Hawaii. Uber deactivated the driver, who was charged with two counts of first-degree sexual assault and one count of attempted sex …
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California Uber and Lyft Car Rental Decision Delayed
The first major product of General Motors Co.’s $500 million investment in Lyft Inc. was a short-term car-rental program. Last month, the companies began leasing Chevrolets in Chicago for up to eight weeks as part of the Express Drive program, …
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2016 Atlantic Hurricane Season Should See Normal Activity of 12 Names Storms: CSU
The coming Atlantic hurricane season should produce a near-average 12 named storms before it ends in November, according to Phil Klotzbach, lead author of the pioneering Colorado State University forecast. At least five of those storms will reach hurricane status, …
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Colorado State Hurricane Forecaster Gray Passes Away
He changed the way the world looks at hurricanes, and in later years he challenged the science behind climate change, but most people will probably remember Bill Gray as the creator of the modern seasonal forecast for Atlantic storms. Gray …
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Ryan Specialty Launches Marine Unit; AIG’s Pecci and Stahl to Lead
Specialty insurance firm Ryan Specialty Group (RSG) has formed a specialty marine underwriting business and tapped two executives who were formerly with American International Group (AIG) to lead it. The newly-formed specialty marine underwriting manager is named Safe Waters and …
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Economic Property Damages of Japan Earthquakes to Cost $2.5B-$3.5B: RMS
RMS, the Newark, Calif.-based catastrophe risk management firm, estimated that economic property damage for both the April 15 moment magnitude (Mw) 7.0 earthquake and April 14 Mw6.4 earthquake in Japan’s Kumamoto Prefecture to be between $2.5 billion and $3.5 billion. …
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U.S. Issues Zika Safety Guidelines for Outdoor Workers, Business Travelers
U.S. health and safety officials issued new guidelines on Friday to help protect workers from exposure to Zika, a mosquito-borne and sexually-transmitted virus that causes the birth defect microcephaly and other neurological disorders. The new rules, issued by the Centers …
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Australia Nears Record for Fewest Cyclones Since 1970 – Thanks to El Niño
El Niño is getting some of the credit as Australia nears a record for the fewest tropical cyclones since 1970. “With the end of the season approaching and only three cyclones so far, the 2015-16 Australian region tropical cyclone season …
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Bangladesh Bank Cyber-Heist Hackers Exploited Vulnerabilities in SWIFT Software
The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT, …
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Factbox: An Overview of Effects of ‘Brexit’ on UK Financial Services
Britain, Europe’s biggest financial center, votes on June 23 on whether to leave the European Union. The country’s banking and fund management industries are among those that could lose most from a so-called Brexit, many analysts have said, though much …
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Republican rivals team up to slow Trump
Republican rivals Ted Cruz and John Kasich announce they will co-ordinate strategies to tackle frontrunner Donald Trump in forthcoming US primaries.
Billy Paul of Me and Mrs Jones dies
The American soul singer Billy Paul, best known for his 1972 Me and Mrs Jones hit, dies at the age of 80.
VIDEO: Barack Obama news briefing
US President Barack Obama speaks from the Hanover Messe, the world's leading showcase for industrial technology.
Carpenter Promotes Stubbings as CEO of Bermuda Unit; Keegan Named Sr. VP
Guy Carpenter & Co. has promoted Peter Stubbings as CEO of the firm’s Bermuda operations, with immediate effect. In addition, Richard Keegan will join the Bermuda team as senior vice president in May. Previously chairman of the Bermuda office, in …
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US ex-senator, 90, to marry a man
Former US Senator Harris Wofford, 90, prepares to marry a man, 20 years after the death of his wife.
Viewpoint: How would Trump remove 11 million people from the US?
How would Trump remove 11 million people from the US?
Sunday, April 24, 2016
Trucking Co. to Settle Fatal Crash of 5 Georgia Students for Millions
The employer of a tractor-trailer driver blamed for a fiery interstate crash that killed five Georgia nursing students has agreed to settle wrongful death lawsuits for large sums, with at least one victim’s family receiving $14 million, attorneys in the …
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250 Homes in South Carolina Still Need Work 6 Months After Floods
Leaders of nonprofit groups in Horry County, South Carolina, say that, six months after historic rains inundated South Carolina, volunteers are needed to help repair hundreds of homes in the county. The Sun News reports many of those homes are …
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Fallout from Travelers CGL Cyber Ruling: Buyers and Sellers Beware
Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Experts are cautioning both insurance buyers and sellers not to overreact …
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Key Florida Players to Highlight Importance of Catastrophe Reinsurance
Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most insurer rating agencies, the need for transparency, education and open dialogue on this important topic is necessary. Consumers, members of …
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The Crichton Group in Tennessee Promotes 2
The Crichton Group, an independent insurance agency in Middle Tennessee, has promoted Austin Madison, a partner, to senior vice president, and Blake Weidman to partner and vice president. As senior vice president, Madison will continue to manage and lead the …
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Flood Mapping Tools to Help Residents in South Dakota’s Big Sioux River Basin
The state of South Dakota is working on new online flood mapping tools for the Big Sioux River Basin. The Google maps-style program should allow cities, counties, developers and emergency managers to test the flooding potential of increased flows in …
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Obama dismisses N Korea nuclear 'offer'
US President Barack Obama dismisses a proposal by North Korea to suspend nuclear tests if the US stops its annual military exercises with South Korea.
Insurer Among Parties Arguing over Cause of Flooded Homes in Nebraska
The city of Bellevue, Neb., the Metropolitan Utilities District, a plumbing contractor and its insurance company disagree about who’s to blame for a ruptured water line that flooded about 12 homes in February. The Omaha World-Herald reported that Gearhart Plumbing, …
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The man who bet his house on his invention
The man who bet his house on his invention being a success
VIDEO: Footage shows huge US apartment fire
An apartment block under construction in the US state of Arizona has been destroyed in a huge fire.
VIDEO: Solar Impulse lands in California
The solar-powered aeroplane Solar Impulse has completed the latest leg of its round-the-world flight and landed in California.
VIDEO: Obama on Brexit, Syria and Michelle
Speaking exclusively to the BBC, US President Barack Obama speaks about Brexit, Syria and his wife, Michelle.
VIDEO: Prince cremated in private ceremony
Prince has been cremated with a small, private service for family, friends and musicians, his publicist has confirmed.
Saturday, April 23, 2016
VIDEO: Syria ground troops would be 'a mistake'
US President Barack Obama has said that "it would be a mistake" for any Western state to send ground troops into Syria.
VIDEO: Ohio police continue hunt for killer
Police in the US state of Ohio are still trying to find the person who killed eight members of the same family, as Bill Hayton reports.
Solar Impulse arrives at San Francisco
The zero-fuel aeroplane, Solar Impulse, complete the flight from Hawaii across the Pacific Ocean and flies over San Francisco's Golden Gate Bridge.
Prince cremated in private ceremony
Prince has been cremated with a small, private service for family, friends and musicians, his publicist confirms.
VIDEO: Prince: 'The sound of Minneapolis'
How Prince influenced musical life in his home town
Ohio manhunt after eight shot dead
A huge manhunt broadens in the US state of Ohio where police are investigating the deaths of eight members of the same family.
UK-US trade deal could take years - Obama
The UK could take up to 10 years to negotiate trade deals with the US if it leaves the EU, US President Barack Obama says.
Mum 'had to dump breast milk' at airport
A mother-of-two has spoken of her frustration that she was forced to dump 500oz of breast milk at security at London's Heathrow Airport.
Friday, April 22, 2016
VIDEO: Eight killed 'execution-style' in Ohio
At least eight people have been killed in "execution-style killings" in four places near each other in rural Ohio, as Laura Bicker reports.
VIDEO: Prince: The man, the legend, the shoes
The BBC looks at Prince's iconic heels, and how they helped redefine the way we look at men's shoes.
VIDEO: How Shakespeare helped Sandy Hook
A new documentary follows a production of Midsummer Night's Dream as it is rehearsed at Sandy Hook elementary school.
$17M Award in Asbestos Death of Navy Civilian Employee in Arizona
A federal jury in Phoenix, Ariz. on Friday awarded $17 million in damages to the family of a retired civilian employee of the U.S. Navy who died from the fatal asbestos disease mesothelioma after working for years in the Norfolk …
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US admits Iraq-Syria civilian deaths
Twenty civilians were killed in US air strikes aimed at Islamic State militants between September and February in Iraq and Syria, the US military admits.
'No sign' Prince's death was suicide
There is "no reason to believe" that Prince's death was suicide, a sheriff in Minnesota says after a post-mortem.
Fiat Chrysler to recall 1.1m vehicles
Fiat Chrysler is to recall 1.1m vehicles worldwide because of fears they may roll away after drivers get out.
VIDEO: 'UK going to be back of the queue'
President Obama warned Britain would be at the "back of the queue" for striking trade deals with the US if it left the EU.
VIDEO: Kerry and granddaughter at climate signing
Delegates have signed the Paris climate agreement at the UN in New York. US Secretary of State John Kerry was watched by his granddaughter.
US state restores convict voting rights
The governor of the US state of Virginia has issued a sweeping executive order, restoring right to vote to over 200,000 convicts.
At 12 I grew a beard and had a period
At 12, I started to grow a beard and I had a period
Ultra Risk Advisors in Washington Names McDonald Underwriting Director
Bellevue, Wash.-based Ultra Risk Advisors has named Karen McDonald underwriting director for its program providing liability coverage for senior living facilities. McDonald has more than 10 years of underwriting experience in the senior living sector. Ultra Risk Advisors is a …
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4 More Upstate New York Mayors Join Call to Let Uber Expand
The mayors of four cities in upstate New York have joined an effort to allow Uber to expand outside of New York City. Mayors in Ithaca, Utica, Rome and Hornell on Thursday endorsed a proposal before the state Legislature which …
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Willis Towers Watson Upgrades Credit Risk Trading Platform
Willis Towers Watson, has launched a next generation version of Mercury, its credit risk placement platform which offers clients the ability to bind credit insurance policies themselves over an online portal. Originally developed in the 1990s, the concept was moved …
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Donegal Group Reports $11.8M Q1 Net Income
Donegal Group Inc. reported net income of $11.8 million for the first quarter of 2016, a 73 percent increase over $6.9 million for the first quarter of 2015. The Marietta, Pennsylvania-based insurer said net premiums written for the 2016 first …
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Examination of Prince's body begins
A post-mortem examination is under way in Minnesota after the sudden death of music superstar Prince at his home, as tributes continue to pour in.
US suicide rate highest in 30 years
The suicide rate in the US has surged to its highest level almost three decades, according to a new report.
Safety Specialty Insurance Co. Assigned A Rating by A.M. Best
A.M. Best has assigned a financial strength rating of A+ (Superior) and an issuer credit rating of “aa-” to Safety Specialty Insurance Co., based in St. Louis, Mo. The outlook assigned to each rating is stable. According to A.M. Best, …
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Medical Marijuana Expansion Bill Passes in Louisiana Senate
A day after falling one vote short, backers of a proposal to expand Louisiana’s medical marijuana law to cover more diseases found success in the state Senate. Senators voted 21-16 for the proposal from Sen. Fred Mills, R-Parks on April …
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NBAs Thunder Among Groups Opposing Oklahoma Gun Bills
Firearms bills to allow most Oklahoma adults to openly carry guns without any training or background checks have led to a showdown in Oklahoma between supporters of expanded gun rights and the state’s business community, including the NBA’s Oklahoma City …
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Outgoing Florida Commissioner McCarty Talks How Hes Changed Whats Next
Serving in a highly-scrutinized government position like insurance commissioner for any state, let alone one facing such serious catastrophe risks as Florida, certainly has its challenges. Outgoing Florida Insurance Commissioner Kevin McCarty says during his nearly 13-year tenure he’s tried …
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Motorcycle Helmet Repeal Bill Defeated in Louisiana House
A bid to repeal Louisiana’s motorcycle helmet requirement narrowly failed in the state House. House Bill 337 fell shy of the 53 votes needed to advance to the Senate for consideration. Lawmakers voted 49-46 in support of the measure. Rep. …
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OSHA Fines Storage Tank Company $95K for Missouri Workplace Hazards
A federal agency has found that a storage tank manufacturer is continuing to expose workers in Missouri to hazardous levels of a chemical than can cause lung cancer and other health problems. The Occupational Safety and Health Administration said that …
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New Trial Granted for South Dakota Woman Convicted in Arson for Insurance Case
A woman convicted of setting fire to a bar and grill she co-owned in the South Dakota town of Herreid to get insurance money has been granted a new trial. A jury in February found 42-year-old Lori Brandner guilty of …
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A.M. Best: Ratings of National Unity Insurance Downgraded Withdraw
A.M. Best reported it has both downgraded and withdrawn the ratings for National Unity Insurance Company (National Unity) in San Antonio, Texas. National Unity specializes domestic non-standard auto business, as well as in insuring Mexican cars and commercial trucks traveling …
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Rhode Islands Falvey Yacht Insurance Adds 2 to Underwriting Team
Falvey Yacht Insurance, a North Kingstown, Rhode Island-based managing general underwriter specializing in yacht insurance, has hired Laura Sherrod and Craig McGinnes to join the firm’s group of yacht underwriting experts. Sherrod will be senior vice president and McGinnes will …
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UPC Insurance Receives Approval to Acquire Interboro in New York
United Insurance Holdings Corp. (UPC Insurance), a property/casualty insurance holding company based in St. Petersburg, Florida, announced that it received formal approval from the New York State Department of Financial Services (NYDFS) to acquire Interboro Insurance Company. UPC Insurance first …
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VIDEO: Obama's 'Beast' does a three-point turn
Watch a skilful three-point turn by US President Barack Obama's armoured limousine, nicknamed The Beast, during his visit to Downing Street, London.
Groups: California Auto Repair Regs Will Increase Auto Insurance Rates
As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their opposition to the proposals. The groups are: The American …
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McDonald's profits up more than a third
McDonald's profits jump by 35% in the first three months of the year helped by the continued popularity of all-day breakfast and cut price offers in the US.
Big I Agents Honor Wilson with Yates Lifetime Achievement Award
The Independent Insurance Agents & Brokers of America (Big “I”) has awarded Bill Wilson with the Jeff Yates Lifetime Achievement Award, the highest honor the association bestows on a non-agent, for a lifetime of work in the independent agency system. …
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Cameras Trained on Mountains around Lake Tahoe Help Wildfire Battle
A growing network of cameras trained on the mountains around Lake Tahoe is changing the way crews fight Western wildfires by allowing early detection that triggers quicker, cheaper, more tactical suppression than traditional war-like operations, experts said this week. The …
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At Least 36 Killed by Distracted Driving in Arizona Last Year
State transportation officials say 36 people died and more than 8,000 were involved in accidents as the result of distracted driving last year. April is national Distracted Driving Awareness Month and Arizona Department of Transportation officials are sending a message …
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Uber to Settle Suit for $100M Drivers Stay Independent Contractors
Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ridesharing service to keep its California and Massachusetts drivers as independent contractors. The lawsuit …
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'Multiple people found dead' in Ohio
A number of people have been found dead at a home in Ohio and agents have been dispatched to the scene, officials say.
Plaintiffs Suing Dating Site Ashley Madison Over Data Breach Must Identify Themselves: U.S. Judge
Plaintiffs leading a lawsuit against online dating website Ashley Madison over a security breach that exposed the personal data of customers must publicly identify themselves to proceed with the case, a U.S. judge has ruled. Forty-two plaintiffs, seeking to represent …
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XL Catlin Names Zurichs Riordan to Head Global Political Risk Trade Credit Unit
XL Catlin has appointed Dan Riordan as president, Global Political Risk & Trade Credit (PRTC), reporting to Neil Robertson XL Catlin’s chief executive, Global Specialty, Insurance. The appointment also marks a structural change at XL Catlin with PRTC becoming a …
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Uber Settlement Doesnt Settle Gig Economys Independent Contractor vs. Employee Dispute
Uber Technologies Inc. resolved the biggest threat to its business by settling with California drivers suing to be treated more like traditional employees, a move that could have broad-ranging implications for companies across the sharing economy. The agreement calls for …
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Rental Car Firms Losing Out to Ridesharing
Taxis aren’t the only ones that may be stressing out about Uber Technologies Inc. Transactions from the ride-hailing startup have surpassed rental cars among American professionals, according to Certify, the second-largest provider of travel and expense management software in North America. Uber accounted …
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100-Year Floods Happen More Often Than People Think
Eleven months ago, Houston had a deadly flood. This week, the city had another. Events like these are often called “100-year floods,” and that can be misleading. The U.S. government began using the term in the 1960s to describe a …
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Aspen Q1 Operating Income Decreases to $89.9M from $98M in Q1 2015
Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015. Operating income after tax for …
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Indias 1st Insurer IPO Paves Way for More Public Offerings in $60B-Plus Industry
India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industry that’s since grown to more than $50 billion. Housing Development …
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Hiscox Appoints Hussain as Group Chief Financial Officer
Hiscox Ltd. announced that Hamayou Akbar (‘Aki’) Hussain will join the Hiscox Group as group chief financial officer. Hussain will join Hiscox from Prudential plc, where he spent seven years; latterly as chief financial officer of Prudential UK & Europe. He sits on …
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Thursday, April 21, 2016
SCOR Raises P&C Premiums by 4.7% During April Renewals; Profits on Target
SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3 million). Premiums renewing on or around April …
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West Virginia Supreme Court Reverses Dismissal of Age Discrimination Case
The West Virginia Supreme Court has reversed a previous ruling it made that dismissed a lawsuit alleging age discrimination. The Charleston Gazette-Mail reports that the court on April 14 reversed its decision to uphold a judge’s ruling which dismissed 65-year-old …
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Athlete Attorney: NCAA Also to Blame for UNC Academic Fraud Scandal
An attorney representing two ex-North Carolina athletes says the school and NCAA are both responsible for UNC’s long-running academic fraud scandal that he says denied athletes a quality education. Michael Hausfeld said April 19 in a hearing in federal court …
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Obama Makes Impassioned Appeal for Britain to Stay in European Union
U.S. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain’s place in the world and made the bloc stronger and more outward looking. Fearful that a British …
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Ecuadorto Raise Taxes Sell Assets to Fund Multi-Billion Dollar Quake Rebuilding
Ecuador will temporarily increase some taxes, sell assets, and may issue new bonds on the international market to fund a multi-billion dollar reconstruction after a devastating 7.8 magnitude quake, a somber President Rafael Correa said on Wednesday. The death toll from Ecuador’s …
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Florida to Interview 2 More for Insurance Commissioner McCarty Delays Departure
The Florida Cabinet will interview two new candidates for the soon-to-be-open Florida insurance commissioner post at its April 26 meeting, in addition to the two candidates interviewed last month. In the meantime, current Florida Insurance Commissioner Kevin McCarty notified the …
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Tributes in purple to superstar Prince
The life of singer Prince, who has died aged 57, has been marked with purple-coloured tributes.
Trump 'promises to change image'
Donald Trump has promised to change his image, in a closed door meeting with Republican party leaders, according to the Associated Press.
Why did Prince change his name?
Why did Prince change his name to a symbol?
Madonna's dancers take the limelight
Madonna's dancers take the limelight
Five strange stories about mysterious Prince
Was it true that Prince didn't believe in time?
Explaining the Leicester City story to Americans
Explaining the Leicester City story to Americans
Fatal Occupational Injuries Fell in California in 2014 Latest Report Shows
The number of Californians who died on the job fell in 2014, according to the latest data available from the California Department of Industrial Relations. The DIR compiled the data from the Census of Fatal Occupational Injuries and reported it …
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Google parent misses profit expectations
Quarterly revenue at Google's parent company Alphabet rises 17% after strong mobile advertising sales, but average ad prices fall.
Singer Prince dies suddenly at 57
Singer Prince has died at his Paisley Park estate in Minnesota at the age of 57, his publicist tells AP
Maine Police Step Up Distracted Driving Enforcement
The Augusta, Maine, Police Department says officers in the state’s capital city will be more focused on cracking down on distracted driving from now until September. Sgt. Christian Behr says extra patrols dedicated to limiting distracted driving will be deployed …
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Allstate Racks Up Big March Losses from Southwestern Hailstorms
The Allstate Corp. this week announced estimated catastrophe losses for the month of March of $638 million pre-tax, and an estimated $827 million pre-tax for first quarter 2016, in the wake of severe hailstorms in the Southwestern and Southern U.S. Catastrophe losses …
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New Hampshires Minkler Honored With Big I Woodworth Memorial Award
The Independent Insurance Agents & Brokers of America has awarded Tom Minkler with the Woodworth Memorial Award, the highest honor the association bestows on one of its members, during the annual Big “I” Legislative Conference. Minkler is president of the …
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Solar Impulse sets off for California
The zero-fuel aeroplane, Solar Impulse, renews its effort to circumnavigate the globe, leaving Hawaii to fly across the Pacific Ocean to San Francisco.
Snowden files Norway lawsuit over award
Lawyers for Edward Snowden file a lawsuit to seek guarantees that Norway will not extradite him to the US if he visits to receive an award.
The Who confirm US 'megafestival'
The Who's Roger Daltrey has confirmed a much-rumoured 'megafestival' featuring his band alongside Paul McCartney, Bob Dylan and Neil Young.
VIDEO: Obama: 'Syria ceasefire is fragile'
President Obama has been meeting Gulf Arab leaders at the Gulf Cooperation Council in Saudi Arabia.
Peoples United Acquires Eagle Insurance in Massachusetts
People’s United Bank, N.A. in Bridgeport, Connecticut, announced Thursday that its subsidiary, People’s United Insurance Agency, has acquired Eagle Insurance Group, a Raynham, Massachusetts-based insurance brokerage. Terms of the transaction were not disclosed. Formed in 2010, Eagle Insurance Group provides …
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Travelers Profit Drops 17% in Q1 Due to Texas Storms
The Travelers Companies Inc. reported net income of $691 million for the quarter ended March 31, 2016, down 17 percent from $833 million in the prior year quarter. Operating income in the current quarter was $698 million compared to $827 …
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NYS Department of Financial Services Names Fischer to Lead Insurance Division
The New York State Department of Financial Services (DFS) announced Thursday that Scott Fischer has been appointed executive deputy superintendent for Insurance, reporting directly to the superintendent. Fischer will lead the Insurance Division of DFS, which supervises 1,700 insurers with …
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VW reaches US deal in emissions scandal
Volkswagen will pay "substantial compensation" and buy back cars in US as part of a deal to settle the diesel emissions scandal.
Florida Commissioner McCarty Saying Goodbye: Its Been a Labor of Love
“It’s not for the faint of heart, I can tell you that… Anyone who comes in here and thinks it’s an easy job really does not have any idea what they’re getting into. But it’s been a joy… It’s been …
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Employers Pay As 32% of Opioid Prescriptions Are Abused: Report
Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according to a report by a healthcare data and technology company. San Francisco-based Castlight Health Inc. released the study, “The Opioid …
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UK warns gay travellers about US laws
The UK government warns LGBT travellers to be careful in the US due to laws affecting LGBT people in North Carolina and Mississippi.
American Lung Association Says California Has Nations Dirtiest Air
Millions of Californians live in places with dirty air, according to an annual report card issued this week that ranks two major urban areas in the state as the nation’s most polluted. Bakersfield tops the list for having the most unhealthy …
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Montana Medical Marijuana Backers Launch Ballot Measure to Loosen Limits
Advocates for medical marijuana in Montana have begun gathering signatures for an initiative that would ask voters to undo legislation limiting the use of the substance. But backers of I-182 have just nine weeks to collect the 24,175 valid signatures …
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California High Court to Review Industry Custom in Liability Cases
The California Supreme Court has granted review to consider when and if evidence of industry custom and practice is admissible in a strict products liability action. In Kim v. Toyota Motor Corp. plaintiff William Jae sued Toyota for injuries Kim …
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Stolen 1981 Ferrari Recovered After 29 Years: NICB
A 1981 Ferrari GTSI that has been missing for 21 years has been recovered, according to the National Insurance Crime Bureau (NICB). The car, reported stolen in 1987 from Newport Beach, Calif. while on consignment at a dealership, was recovered …
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University sorry for search tampering
US university UC Davis apologises for hiring a PR firm to try to bury online references to an incident in which students were pepper-sprayed.
VIDEO: Inside half-mile long drug tunnel
Authorities in US uncover the longest drug-smuggling tunnel yet in California.
US mulls tech to disable rogue drones
The US is considering legislation to allow authorities to intercept rogue drones flying too close to aircraft.
Canadian ex-senator to learn legal fate
A judge is expected to deliver a verdict in the corruption trial of Canadian ex-senator Mike Duffy.
Cyber Thieves Working Overtime Before Credit Card Chips Curtail Their Retail Business
Cyber-thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast. “We’ve actually seen a number of discussions, in some cybercrime communities, where they’re …
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OSHA: 3 in South Central States Killed when Riding Mowers Overturn
In the past month, three landscape company employees have died in Louisiana, Texas and Arkansas when riding mowers or tractors overturned into water or a stream bed — equaling the total in the previous six years, a federal safety official …
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Wrongful Death Lawsuit Limits Upheld in Missouri
The Missouri Supreme Court has ruled that caps on how much money someone can win in a wrongful death lawsuit do not violate the constitution. The decision says a person’s right to a jury trial in those cases is not …
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Guilty Plea Expected for Fire at North Dakota Somali Restaurant
An attorney for a Minnesota man accused of firebombing a Somali restaurant across the North Dakota border in Grand Forks said that any racial overtones were overblown by people who aren’t familiar with the case. Defense attorney Ted Sandberg made …
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Ex-Insurance Agent in East Texas Sentenced to 3 Years for Fraud
A former insurance agent in East Texas must serve three years in prison for running a $5 million medical investment scam. Robert B. Hahn was sentenced in federal court in Tyler. The 64-year-old Tyler man in November pleaded guilty to …
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Harriet Tubman: Former slave who risked all to save others
Harriet Tubman, the face of the new $20 bill, risked everything
Chubb Tempest Re Names Lee-Amies Head of Marine & Energy Succeeding Neave
Chubb Tempest Re, the global reinsurance division of Chubb, has appointed Neil Lee-Amies to the role of head of Marine and Energy, Chubb Tempest Re. Formerly Marine & Energy Excess of Loss underwriter at legacy Chubb, Lee-Amies will be responsible …
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China Suspends New Registrations of Internet-Based Finance Firms: News Report
China suspended new registrations of finance companies nationwide as authorities started a crackdown on internet finance, business magazine Caixin reported, citing unidentified people familiar with the matter. Applicants with finance-related names or businesses can no longer simply register with local …
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Ruschlikon Expands Global Reach in 2015; Use of ACORD Standards Rises 20%
Ruschlikon, the global community of insurers, brokers and reinsurers with a mission to optimize industry administrative costs and enhance client services, announced achieved several important milestones in 2015 — a year that saw an expansion of its global footprint. Ruschlikon* …
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VW Reported Close to $10 Billion Deal with U.S. for Diesel Fraud
Volkswagen AG has agreed to set aside at least $10 billion to resolve civil claims by the U.S. government and lawsuits by American car owners over diesel vehicles rigged to cheat pollution controls, a person with direct knowledge of the …
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Huge US-Mexico drugs tunnel found
One of the longest cross-border drugs-smuggling tunnels between Mexico and the US has been found by authorities in San Diego, US officials say.
VIDEO: Former slave to be face of US $20 bill
A former slave who helped many others to escape is to replace a slave owner as the face of the US $20 bill.
Allied Worlds Q1 Investment Income Rises 20%; Combined Ratio Worsens to 96%
First, the good news about Allied World’s 2016 first quarter: investment income grew by nearly 20 percent. Many other things for Allied World Assurance Company Holdings AG, however, were on a downward trajectory compared to the same period in 2015, …
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Willis Aon and Verisk Agree: Q1 Cat Bonds Hit Record Issuance
There’s more evidence that catastrophe bond issuance hit record territory again during Q1. This time, Aon Securities and a division of Willis Towers Watson are making the call, after a Verisk arm did so earlier in April. The Aon Benfield …
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Japanese Earthquakes Could Cost Insurers $2.9 Billion: AIR Worldwide
An earthquake that struck southern Japan on April 16 will probably cost insurers as much as 320 billion yen ($2.9 billion), according to catastrophe modeler AIR Worldwide. The cost might be as low as 180 billion yen, the company said …
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Wednesday, April 20, 2016
Starr Companies Enhance Cyber Terror Response Offering
Starr Companies has formed an agreement to offer services from NYA International (NYA) and Abernathy MacGregor as part of the organization’s newly launched Cyber and Terror Response offering. The coverage provides comprehensive coverage for the losses associated with cyber attacks, …
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Tennessee Says At Least 15% of State Affected by UnitedHealth Withdrawal
The Tennessee Department of Commerce & Insurance (TDCI) is notifying consumers that UnitedHealthcare Insurance Company will no longer offer coverage to Tennessee consumers through the Federally Facilitated Marketplace (FFM). UnitedHealth Group Inc. announced this week it will drop out of …
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Kentucky Worker Electrocuted While Trimming Trees
Kentucky State Police say a man has been electrocuted while trimming trees in Breathitt County. Police said in a statement that 23-year-old Justin Miller of Perry County, died Monday morning while cutting tree limbs in the Whick community. Witnesses told …
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Canada to push for legal marijuana
The Canadian government will introduce legislation next year that would make the sale of marijuana legal, its health minister says.
VIDEO: Why does Shakespeare overshadow Cervantes?
Literary giants Cervantes and Shakespeare died one day apart, 400 years ago, so why does the English playwright's quartercentenary overshadow the Spanish author's?
What is 'actual innocence' in US justice?
Could a radical experiment save the broken US justice system?
The Keating Group in Arizona Rebrands As tKg Wholesale Brokerage
Phoenix, Ariz.-based The Keating Group, the wholesale brokerage arm of Keating Cos., has rebranded as tKg Wholesale Brokerage. James Keating, CEO of tKg and parent Keating Cos., said the change is to show the brokerage is a national wholesaler with …
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Progressive Conservatives win in Manitoba
The Progressive Conservatives have beat the New Democratic Party in Manitoba, winning in a landslide election.
San Antonio Storm Costliest Hail Event in Texas History
More than 110,000 vehicles and thousands of homes in Texas regions of north San Antonio and Bexar County were pelted by large hail in what will become the costliest hailstorm in Texas history, according to the Independent Insurance Agents of …
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Harriet Tubman to be new face on $20 bill
Civil rights activist Harriet Tubman will be the first women to have her face on a US banknote, the US Treasury Department says.
Do Drunk Drivers Have Constitutional Rights?
Can you be charged with a crime for refusing to take a Breathalyzer test when stopped on suspicion of drunken driving? It’s hard to think of a constitutional rights question that affects more people. On Wednesday, the Supreme Court will …
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US criminal charges over Flint water
US files charges against three officials over contaminated water supplies in Flint, Michigan
Massachusetts Workers Comp Rates to Rise an Average of 1.5%
Massachusetts Gov. Charlie Baker’s administration announced Wednesday that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. Officials said this nominal increase is the result of a settlement between the Division of Insurance’s State Rating …
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MarketScout Expands Workers Compensation Division with Atlanta Hire
MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, has expanded its Workers’ Compensation division by adding three insurance professionals in San Francisco, Las Vegas and Atlanta. Jonathan Maloney will be based in Atlanta and joins MarketScout …
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Top court gives Iran cash to US victims
The US Supreme Court permits the families of victims of a 1983 bombing in Beirut and other terror attacks to collect nearly $2bn (£1.4bn) in frozen Iranian assets.
Unaddressed Cultural Clashes Cause Many M&A Failures: Willis Towers Watson
Many insurers see cultural integration as a major post-deal challenge, but few use employee engagement as an indicator of integration success, according to a survey of senior insurance executives conducted by Willis Towers Watson M&A Risk Consulting in conjunction with …
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Uber Agrees to $10M Fee in Deal With Newark New Jersey
The mayor of Newark, New Jersey, has released details on a tentative agreement he’s reached with ride-hailing company Uber to operate in the state’s largest city. The deal calls for Uber to pay Newark $1 million a year for 10 …
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Sandy Hook Families Lawsuit Against Bushmaster Gets Trial Date
The maker of the assault rifle used in the 2012 massacre of more than two dozen students and teachers at Sandy Hook Elementary School was ordered to allow its executives to be questioned ahead of a trial of a lawsuit …
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Sierras Along California Nevada Line Long Overdue for Big Quake
Scientists say the Sierra’s eastern front is long overdue for a large earthquake along the California-Nevada line, where a magnitude-7 event expected on average every 30 years hasn’t occurred in six decades. Nevada Seismology Laboratory Director Graham Kent says the …
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