September 18, 2019
Wed, 18 Sep 2019 22:37:37 +0000
The Montana State Fund board of directors has declared a $30 million dividend to be paid to its safest policyholders. The Great Falls Tribune reports that the Montana State Fund is the state’s largest workers’ compensation insurance company, insuring n...
Wed, 18 Sep 2019 22:24:41 +0000
The price of workers’ compensation insurance in Washington would drop for the third year in a row under a proposal by the Washington Department of Labor & Industries. The L&I on Wednesday proposed a 0.8% decrease in the average premium …
Wed, 18 Sep 2019 16:59:51 +0000
North Carolina’s attorney general says he’s pursuing accountability from the family that owns OxyContin maker Purdue Pharma with a pending lawsuit over their role in the country’s opioid epidemic. Attorney General Josh Stein said Friday a lawsuit targe...
Wed, 18 Sep 2019 16:54:27 +0000
North Carolina Poison Control says nearly 75 children under age 5 have been poisoned by e-cigarettes and vaping products in 2019. The News & Observer of Raleigh reports the group said in a news release that nearly 150 people have …
Wed, 18 Sep 2019 16:44:52 +0000
Arkansas’ Senate president has proposed a new tax and regulations on vaping products, and said he hopes the governor will call lawmakers back to the Capitol to take up the issue. Republican Sen. Jim Hendren proposed the legislation in response …
Wed, 18 Sep 2019 16:29:17 +0000
North Dakota Insurance Commissioner Jon Godfread has appointed John Arnold as deputy insurance commissioner and Johnny Palsgraaf as general counsel. Prior to his appointment with the North Dakota Insurance Department, Arnold served as the State Electio...
Wed, 18 Sep 2019 16:23:58 +0000
Texas Mutual Insurance Co. reported that a Travis County district court sentenced Ramon S. Flores of Kingwood on workers’ compensation fraud-related charges. Flores reported a job-related injury while working as a driver for Direct International Wine a...
Wed, 18 Sep 2019 16:23:24 +0000
Board members of an Iowa government insurance program have frequently held public meetings at posh out-of-state resorts, costing tens of thousands of dollars while making it harder for the public to attend, a review by The Associated Press shows. Direc...
Wed, 18 Sep 2019 16:19:19 +0000
FCCI Insurance Group reported it has awarded a dividend based on favorable results for its Contractors Select program with Associated Builders and Contractors (ABC) of Indiana/Kentucky. The program is designed to reward ABC of Indiana/Kentucky member p...
Wed, 18 Sep 2019 16:14:19 +0000
Bermuda residents boarded up windows of homes and businesses on Wednesday as Hurricane Humberto became a major storm on route the Atlantic archipelago, although forecasts showed they could be spared a direct hit. Hurricane force winds and rains were ex...
Wed, 18 Sep 2019 15:59:29 +0000
J.M. Wilson has promoted Crystal Russell to accounting and finance specialist in its Portage, Michigan, office. Russell will also be responsible for JM Wilson’s in-house finance company, Cedar Finance. Her duties also include processing accounts payabl...
Wed, 18 Sep 2019 15:56:05 +0000
Tropical Storm Imelda has lost some of its wind power, but continues to pour rain down on the U.S. Gulf Coast, with 12 to 15 inches already recorded and flood-prone Houston in its path. Imelda is now a tropical depression, …
Wed, 18 Sep 2019 15:39:27 +0000
The Spencer Educational Foundation announced the addition of Megan Miller as executive director, a new position. Miller will oversee the foundation’s day-to-day operations including the administration of grants, the Risk Manager in Residence program fo...
Wed, 18 Sep 2019 15:01:10 +0000
California will spend $20 million on a public awareness campaign about the dangers of vaping nicotine and cannabis products and step up efforts to halt the sale of illicit products amid a rise in vaping-related illnesses. Democratic Gov. Gavin Newsom …
Wed, 18 Sep 2019 14:56:58 +0000
Cover in San Francisco, Calif., has named Robert Houlihan chief insurance officer. He becomes part of the management team in the company’s U.S. headquarters. Houlihan has more than 20 years of industry experience. He joins Cover following positions at ...
Wed, 18 Sep 2019 14:47:50 +0000
PG&E Corp. sought to assure a judge it’s making progress on fire prevention, saying it’s exceeding regulatory requirements to clear vegetation from power lines. Kevin Orsini, a lawyer for the utility, on Tuesday acknowledged criticism from a court-appo...
Wed, 18 Sep 2019 14:22:44 +0000
New York Governor Andrew Cuomo is pushing to enact a statewide ban on the sale of flavored e-cigarettes amid growing health concerns connected to vaping, especially among young people. The Democrat announced Sunday that the state health commissioner wo...
Wed, 18 Sep 2019 14:18:24 +0000
Hub International Limited (Hub), a global employee benefit and insurance brokerage firm, has acquired the assets of StoneStreet Pearl River LLC. Terms of the transaction were not disclosed. Based in Pearl River, N.Y., and led by Barbara Delaney, StoneS...
Wed, 18 Sep 2019 14:01:44 +0000
When it comes to cybersecurity, Americans say they are concerned, but many are not taking the preventative steps needed to protect themselves from a cyber attack. According to Chubb’s Third Annual Cyber Report, complacency seems to have taken hold: eig...
Wed, 18 Sep 2019 13:54:46 +0000
Saxe Doernberger & Vita P.C. (SDV) has hired Associate Janet E. Crawford to its Northeast office. Crawford brings experience from a career in litigation to her new role. In addition to insurance coverage, she has worked on a range of …
Wed, 18 Sep 2019 13:51:59 +0000
Conner Strong & Buckelew, an insurance, risk management and employee benefits brokerage and consulting firm, has hired Thomas Trullinger as senior vice president of Mergers and Acquisitions. He will be based in the firm’s Camden, N.J., headquarters. In...
Wed, 18 Sep 2019 13:44:53 +0000
Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by …
Wed, 18 Sep 2019 13:44:17 +0000
A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less than a day in the last year to focus on cyber risk issues, according to a new report published by …
Wed, 18 Sep 2019 13:09:25 +0000
European Commission President Jean-Claude Juncker said on Wednesday that the risk of a no-deal Brexit on Oct. 31 is now “palpable,” sparking a drop in the pound. Juncker, speaking to the European Parliament in Strasbourg, France, after a meeting with …
Wed, 18 Sep 2019 10:01:48 +0000
Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a four-fold profit rise. In May the 330-year old …
Wed, 18 Sep 2019 09:33:01 +0000
Lloyd’s announced that David Sansom has been confirmed as chief risk officer, subject to regulatory approval. Sansom’s remit includes all areas of risk management within the Corporation of Lloyd’s as well as oversight for market-level risks. He also ma...
Wed, 18 Sep 2019 07:06:01 +0000
Lloyd’s of London, the world’s biggest insurance market, returned to profit in the first half after two full-year losses. The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds ($2.8 billion) in the first six months …
Wed, 18 Sep 2019 07:00:56 +0000
A broker at BNP Paribas SA who complained about being paid less than male colleagues won her employment suit after a London judge ruled that she suffered sexual discrimination. Stacey Macken, a prime brokerage product manager who still works at …
Wed, 18 Sep 2019 06:50:05 +0000
Activity in the legacy insurance market has boomed. However, as capital pours in, perhaps it is best to understand how pricing will develop in the space and whether increased capital will drive price deterioration. For a start, it is widely …
Wed, 18 Sep 2019 05:00:58 +0000
Traditional home insurers appear to be in need of an image change, and that, in turn, could create a big opportunity for insurtech startups, according to the latest J.D. Power U.S. Home Insurance study. Approximately 74 percent of their customers …