November 15, 2019
New England Insurance Group
Fri, 15 Nov 2019 18:17:29 +0000
Venice suffered its second exceptionally high tide in a week, with waters rising 154 centimeters (61 inches) above their benchmark late morning Friday, the Ansa news agency reported. The historic city is still reeling from the 187-centimeter tide it re...
Fri, 15 Nov 2019 17:42:10 +0000
The state of Michigan is opening the door to the sale of marijuana for recreational use starting in December, which is earlier than expected. The Marijuana Regulatory Agency issued an advisory bulletin on Nov. 13. It says businesses that are …
Fri, 15 Nov 2019 17:27:49 +0000
A Tulsa, Oklahoma, man was sentenced to 15 months in prison and ordered to repay nearly $370,000 after being found guilty of stealing from his employer. Ernest Everette Howard, 49, of Tulsa, must $368,329.61 in restitution, according to the U.S. …
Fri, 15 Nov 2019 17:25:31 +0000
Daimler has taken a “reality check” on self-driving “robotaxis,” acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Chief Executive Ola Kaellenius told journalists on Thursday D...
Fri, 15 Nov 2019 17:11:29 +0000
A six-week public consultation launched [in London] on Friday will help set global standards to improve mining safety, aiming to prevent any repeat of the Vale tailings dam disaster in Brazil that killed 300 people in January. Tailings dams are …
Fri, 15 Nov 2019 17:09:50 +0000
Officials have agreed to settle a lawsuit over the death of a 37-year-old man, who died in 2011 after lying naked in a Tulsa County, Oklahoma, jail cell for five days with a broken neck. Documents filed in federal court …
Fri, 15 Nov 2019 17:07:26 +0000
Jennifer Mier, executive vice president with AmWINS Group in Dallas, has been elected president of the Texas Surplus Lines Association. Other officers elected at the group’s 64th Annual Meeting on Nov. 11 in Austin are: Vice President Amicia Hine, exec...
Fri, 15 Nov 2019 17:00:38 +0000
Anger over devastating California wildfires sparked by Pacific Gas & Electric power lines is coming to a head – in a beer. And an outcry is brewing. Steve Doty, owner of Shady Oak brewery in Santa Rosa, announced a new …
Fri, 15 Nov 2019 16:51:43 +0000
Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG announced leadership changes that will take effect from Dec. 1, 2019, subject to regulatory approval. Joachim Müller, currently CEO of Allianz Versicherungs-AG (the property & c...
Fri, 15 Nov 2019 15:28:44 +0000
A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday. The attack was first detected on Sunday and over …
Fri, 15 Nov 2019 15:13:27 +0000
Brit Ltd., the London-based insurer, announced it has launched an online platform for cyber risks in both the U.K. and the U.S., targeting small and medium sized enterprises (SMEs) in both regions. The portal will give brokers an agile, user-friendly …
Fri, 15 Nov 2019 15:10:49 +0000
Steven D. Armstrong, FCAS, an insurance industry veteran with more than 25 years of experience, has begun his term as the president of the Casualty Actuarial Society (CAS). Armstrong has been actively involved with the CAS for two decades, having …
Fri, 15 Nov 2019 14:51:36 +0000
North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities. While the report finds that capacity is ava...
Fri, 15 Nov 2019 14:31:45 +0000
U.S. Supreme Court justices on Wednesday expressed sympathy toward allowing comedian and producer Byron Allen to pursue his racial bias lawsuit accusing cable television operator Comcast Corp. of discriminating against black-owned channels. Over the co...
Fri, 15 Nov 2019 14:29:40 +0000
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz Group, has appointed Shanil Williams as global head of Financial Lines, effective Nov. 15, 2019. He succeeds Bernard Poncin, who will leave AGCS to pursue other opp...
Fri, 15 Nov 2019 14:24:27 +0000
The role of identity theft insurance as a supplemental product could evolve as personal cyber risks become more of a threat as technology proliferates further into individuals’ lives, according to a new A.M. Best report. In its current form, identity …
Fri, 15 Nov 2019 13:51:10 +0000
Pioneer Underwriters has decided to put its Lloyd’s Syndicate 1980 into run-off after completing an examination of “strategic and capital options for 2020.” Pioneer said it will be working with Asta, the managing agency of Syndicate 1980, to ensure a …
Fri, 15 Nov 2019 13:11:58 +0000
Hartford InsurTech Hub, powered by Startupbootcamp, has announced its 2020 cohort of startups. The past two cohorts have consisted of ten startups, and with the help of the Hub’s partners, the accelerator program decided to select 11 companies to reloc...
Fri, 15 Nov 2019 13:03:12 +0000
Insurers are not liable for crumbling foundations caused by defective concrete unless the home is on the verge of collapse, the Connecticut Supreme Court ruled. The decision will likely amplify public pressure for a government solution. Thousands of ho...
Fri, 15 Nov 2019 12:42:44 +0000
A U.S. bankruptcy judge on Thursday approved a process for the sale of the Philadelphia Energy Solutions oil refinery, the largest and oldest on the East Coast, under which city officials and a trade union will consult on the matter. …
Fri, 15 Nov 2019 12:08:40 +0000
The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman. “Women are arguably the single largest under-served g...
Fri, 15 Nov 2019 07:32:40 +0000
Federal transportation safety investigators criticized the U.S. Coast Guard Wednesday for ignoring suggestions over nearly two decades to improve tourist duck boats, changes they say might have prevented last year’s Missouri accident that killed 17 peo...
Fri, 15 Nov 2019 06:34:32 +0000
Michigan drivers who want unlimited medical coverage for crash injuries will pay $100 per vehicle starting in July, which will be 55% less than the record-high $220 annual fee they currently pay. The Michigan Catastrophic Claims Association, a state-cr...
Fri, 15 Nov 2019 06:00:55 +0000
USI Insurance Services has acquired Portland, Ore.-based insurance agency Alfred J. Davis Co. Terms of the deal were not disclosed. The agency’s employees and business operations will be integrated with USI’s existing office in Portland. Alfred J. Davi...
Fri, 15 Nov 2019 06:00:37 +0000
In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency. Investors, analysts, research firms and companies are putting more emphasis on how climate is...
Fri, 15 Nov 2019 06:00:30 +0000
DuPont de Nemours Inc.’s ex-top executive is backtracking on claims the chemical maker never intended to saddle its spinoff Chemours Co. with “unlimited exposure” for liabilities. Ellen Kullman, who resigned as CEO in 2015, said in a court filing direc...
Fri, 15 Nov 2019 06:00:28 +0000
Inszone Insurance Services has acquired Jones Wilson Insurance in Benson, Ariz. Terms of the deal weren’t disclosed. Jones Wilson Insurance becomes the third acquisition for Inszone Insurance in Arizona this year. Jones Wilson Insurance has provided in...
Fri, 15 Nov 2019 05:31:44 +0000
North Carolina’s insurance commissioner from 2009 through 2016 wants the job again. Democrat Wayne Goodwin announced Tuesday he’ll run for commissioner next year, setting up a potential rematch with current Commissioner Mike Causey, the Republican who ...
Fri, 15 Nov 2019 05:28:19 +0000
County commissioners on the North Carolina coast have moved to reopen an island ravaged by Hurricane Dorian. Acting on a recommendation from the Ocracoke Control Group, the Hyde County Commissioners on Monday adopted the proposal to open the island to …
Fri, 15 Nov 2019 05:24:50 +0000
Federal safety officials have fined an amusement park on the North Carolina-South Carolina line after a maintenance worker was injured last March. The Charlotte Observer reports the Occupational Safety and Health Administration levied a $42,000 fine on...