September 19, 2020
Fri, 18 Sep 2020 21:32:49 +0000
The number of independent medical reviews used to resolve California workers’ compensation medical disputes fell sharply in the first half of 2020 as the pandemic took a toll on the state’s economy with statewide unemployment spiking to a record level …
Fri, 18 Sep 2020 17:53:27 +0000
Arthur J. Gallagher & Co. has acquired Kingman, Ariz.-based Erin P. Collins & Associates Inc. Erin Collins and his associates will continue to operate from their current locations under the direction of Scott Gregory, head of Gallagher’s Southwest regi...
Fri, 18 Sep 2020 16:50:49 +0000
Rains may bring some reprieve to those suffering from massive blazes in the Pacific Northwest in the next few weeks, but forecasters don’t expect any help for wildfire-plagued California anytime soon. That’s according to briefing call on Friday morning...
Fri, 18 Sep 2020 16:46:53 +0000
This “Is It Covered?” column will examine two real-life claims from the Dakotas involving frozen pipes – one personal lines and the other commercial lines. Both are good examples of how policy language usually governs, even if the result defies …
Fri, 18 Sep 2020 16:44:30 +0000
A foreman who oversees dock workers at Georgia’s busy shipping terminal for automobiles said Tuesday he saw no problems as hundreds of cars and trucks were loaded onto the cargo ship Golden Ray shortly before the vessel overturned after leaving …
Fri, 18 Sep 2020 16:29:47 +0000
Great American Insurance Group’s Alternative Markets Division has launched a new program for golf and country clubs across the United States in conjunction with VGM Insurance Services. The program based out of Waterloo, Iowa, was awarded to Great Ameri...
Fri, 18 Sep 2020 14:30:14 +0000
Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will now run from Oct. 19- Oct. …
Fri, 18 Sep 2020 14:12:03 +0000
Crew members on a dive boat say they were never instructed on emergency procedures before a predawn fire swept through the vessel as it was anchored off the Southern California coast, killing 34 people as they slept below deck, according …
Fri, 18 Sep 2020 13:55:29 +0000
Hurricane Sally is not expected to cause a major insurance loss – compared to events such as the ongoing wildfires in California, Oregon, and Washington, or Hurricane Laura, according to AM Best. As the storm was more of a flood …
Fri, 18 Sep 2020 13:37:32 +0000
New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the charges by New York’s Department of ...
Fri, 18 Sep 2020 13:34:23 +0000
KMRD Partners has hired Greg Chaples to its team as a sales and relationship manager in its Warrington, Penn., office. KMRD Partners is a risk management and human capital consulting and insurance brokerage firm with offices located throughout Pennsylv...
Fri, 18 Sep 2020 13:25:30 +0000
Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group LLC (MAG). Both agencies will supp...
Fri, 18 Sep 2020 12:07:12 +0000
Beazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and collaboration within the global executive risk teams and will focus on developing innovative insurance solutions ...
Fri, 18 Sep 2020 08:53:51 +0000
The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters. Britain left the …
Fri, 18 Sep 2020 08:46:49 +0000
Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager. Carney will work alongside …
Fri, 18 Sep 2020 08:35:43 +0000
Londoners are slowly returning to work in offices, factories and stores after children went back to school at the start of the month. Data compiled by Google show workplace attendance has increased slightly in three of the UK capital’s main …
Fri, 18 Sep 2020 08:23:03 +0000
Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a broker he knows. “It isn’t a …
Fri, 18 Sep 2020 07:50:10 +0000
Convex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London). These appointments are subject …
Fri, 18 Sep 2020 07:34:17 +0000
The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, announced the launch of an insurance program for Peru’s public schools. The program is the result of a grant...
Fri, 18 Sep 2020 07:15:22 +0000
Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed recently. Amanda Nguyen, U.S. Casualty S...
Fri, 18 Sep 2020 06:56:29 +0000
Gallagher Bassett Services Inc. (GB), based in Rolling Meadows, Ill., has launched the GB Transportation Major Case Unit (MCU), a claims handling center that focuses solely on clients’ most severe, complex and high exposure claims. Transportation Pract...
Fri, 18 Sep 2020 06:49:21 +0000
Two St. Martin Parish, Louisiana, insurance producers have been hit with Cease and Desist Orders and fines for allegedly misappropriating premium funds, Louisiana Department of Insurance (LDI) reported. The department said Tasey Ann Tolliver-Alexander ...
Fri, 18 Sep 2020 06:45:43 +0000
The Kansas Supreme Court seemed worried on Sept. 16 about the proper roles of the Legislature and courts as it wrestled with whether a state statute that prohibits lawsuits based on “wrongful birth” claims is constitutional. Justices heard oral argumen...
Fri, 18 Sep 2020 06:35:13 +0000
The family of a woman who died after being held in an East Texas jail last year has filed a lawsuit against the company that runs the facility, claiming its staff neglected her care and ignored her pleas for help …
Fri, 18 Sep 2020 06:28:59 +0000
Tenants who sued over “horrendous” living conditions at a Kansas City low-income housing development have been awarded $52 million in damages. Jackson County Judge Joel Fehestock found in favor of the tenants, who sued KM-T.E.H. Realty 8 and Michael Fe...
Fri, 18 Sep 2020 06:26:03 +0000
A federal judge has approved legal settlements totaling $440,000 for people in South Dakota who were subjected to forced catheterizations to check for drug use. U.S. District Judge Roberto Lange ruled in April that police who used forced catheterizatio...
Fri, 18 Sep 2020 06:21:07 +0000
Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S. this year, leaving the tally just one short of a record that dates back more than a century. With 10 …
Fri, 18 Sep 2020 06:08:38 +0000
GULF SHORES, Ala./HOUSTON – As an Alabama resident, Toby Wallace has seen his fair share of hurricane damage working for the U.S. Federal Emergency Management Agency, where he handles flood insurance claims. But that did not prepare him for Hurricane …
Fri, 18 Sep 2020 05:00:55 +0000
Ciaran Martin, who stepped down as head of the UK’s National Cyber Security Centre this month, will call on Boris Johnson’s government to make it illegal for companies to pay cyber hackers a ransom. “If I had one policy card …
Fri, 18 Sep 2020 05:00:31 +0000
A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry’s, a unit of …