July 20, 2018
New England Insurance Group
Fri, 20 Jul 2018 10:37:03 +0000
Pouring through four decades of satellite data, climate scientists have concluded for the first time that humans are pushing seasonal temperatures out of balance—shifting what one researcher called the very “march of the seasons themselves.” Ever-min...
Fri, 20 Jul 2018 10:11:10 +0000
Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the European Union, Markel Insurance SE (M...
Fri, 20 Jul 2018 09:59:37 +0000
Xceedance decided to jump on the blockchain bandwagon late last year – but rather than building its own platform, it invested in ChainThat, a specialist provider of blockchain solutions for the insurance and reinsurance industry. ChainThat made a sim...
Fri, 20 Jul 2018 09:02:18 +0000
AXIS Insurance, a business segment of AXIS Capital Holdings Ltd., announced the promotion of Brad Randell to head of Canada Insurance, and chief agent, Canada, subject to review and/or approval of various Canadian regulatory entities. Randell will over...
Fri, 20 Jul 2018 05:00:59 +0000
Two pharmaceutical companies say the real culprits in the opioids epidemic are illegal dealers of the painkillers and want them to be on the hook financially for any damages potentially assessed against drugmakers. Endo International Plc and Mallinckro...
Fri, 20 Jul 2018 05:00:52 +0000
Wells Fargo & Co. is issuing refunds for monthly fees it charged on so-called add-on products that customers may not have fully understood. “We are reviewing add-on products sold to consumers by the bank or its service providers and if …
Fri, 20 Jul 2018 05:00:37 +0000
Cybersecurity is the top directors and officers (D&O) liability concern for organizations today, while claims brought by employees, including claims for harassment or discrimination, and regulatory enforcement risks are also critical D&O exposures. Acc...
Fri, 20 Jul 2018 05:00:19 +0000
More than 10 percent of America’s coal miners with 25 or more years of experience have black lung disease, the highest rate recorded in roughly two decades, according to a government study released on Thursday that showed cases concentrated heavily …
Fri, 20 Jul 2018 05:00:03 +0000
MBIA Inc.’s National Public Finance Guarantee is urging Puerto Rico’s federal board to consider putting a receiver in charge of the island’s bankrupt power utility after the electricity provider lost two chief executive officers last week amid an uproa...
Fri, 20 Jul 2018 04:41:41 +0000
The company’s website claimed its product would “enable patients to stay in the workplace, enjoy interaction with family and friends and remain a member of society.” But Kentucky’s Attorney General is more interested in what the company did not say: …
Fri, 20 Jul 2018 04:34:03 +0000
A fire caused heavy damage at a North Carolina scrap metal yard, forced evacuations from a nearby neighborhood and cut electricity to around 1,400 customers. Officials in Salisbury said in a statement the fire erupted Wednesday at Holmes Iron and …
Fri, 20 Jul 2018 04:15:22 +0000
Brooks Insurance Agency, a multi-line wholesaler and broker, has hired Robert Sammons as vice president and broker. In his new role, Sammons will be responsible for wholesale brokering and servicing small- and medium- sized retail agencies and brokers ...
Fri, 20 Jul 2018 01:23:12 +0000
An insurance company refused to pay $300,000 in a head-on crash that killed a Michigan man and his mother after a doctor came up with a key conclusion: Robert Krugman likely drifted out of his lane because of a heart …
Fri, 20 Jul 2018 01:15:49 +0000
Texas Security General Insurance Agency LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Loving and Etheredge Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its affiliate, Arkansas Insurance Faciliti...
Fri, 20 Jul 2018 01:05:08 +0000
Roger Walleck, vice president of Underwriting at Missouri Employers Mutual, has been elected to serve on the national underwriting committee for the workers’ compensation rate making organization, National Council on Compensation Insurance (NCCI). Memb...
Thu, 19 Jul 2018 16:43:25 +0000
The Insurance Council of Texas (ICT) has honored Mike Gerik, executive vice president at the Texas Farm Bureau Mutual Insurance Co., with the 2018 Raymond Mauk Leadership Award. ICT presented the Mauk Leadership Award to Gerik during its 26th Annual …
Thu, 19 Jul 2018 16:35:47 +0000
The Consumer Services Division (CSD) at the Arkansas Insurance Department has recovered $3,673,940 for Arkansas insurance customers in the first half of 2018, the agency reported. Recoveries are dollar amounts recovered for Arkansas consumers by CSD in...
Thu, 19 Jul 2018 16:32:40 +0000
A deadly tornado that recently struck a western North Dakota city has prompted state and local officials to call for increased safety standards for RV parks that often house oilfield workers and families. McKenzie County leaders expect to meet with …
Thu, 19 Jul 2018 16:30:15 +0000
Authorities say nobody has been hurt in several explosions and a fire at a gas and cylinders company in rural Central Texas. Austin County Sheriff Jack Brandes said the accident at Western International Gas & Cylinders was reported around 6 …
Thu, 19 Jul 2018 16:27:05 +0000
Authorities say fire severely damaged a giant pyramid home that doubles as a tourist attraction in northern Illinois. Gurnee Fire Department firefighters responded to a report that an elderly man in a wheelchair and his dog were trapped by the …
Thu, 19 Jul 2018 16:24:56 +0000
Iowa-based insurance services firm, Holmes Murphy, recently added 14 new employee shareholders. Holmes Murphy shareholders help lead the company in its mission to promote health, protect wealth, and deliver peace of mind. Team members joining the exist...
Thu, 19 Jul 2018 16:23:40 +0000
Rob Eppers, chief operating officer for Risk Services of Louisiana, was recently sworn in as an elected board member of the Independent Insurance Agency & Brokers of Louisiana (IIABL). As a board member, Eppers will be involved with insurance legislati...
Thu, 19 Jul 2018 16:22:55 +0000
The Lacy School of Business at Indiana’s Butler University plans to launch an online Master of Science in Risk and Insurance (MSRI) program beginning in January 2019. The school says the program is among the first of its kind in …
Thu, 19 Jul 2018 14:18:10 +0000
Ridesharing company Lyft said this week that it’s investigating how a former driver now charged in a series of rapes passed a background check even though federal immigration officials say the suspect was living in the country illegally. The San …
Thu, 19 Jul 2018 14:13:43 +0000
Honolulu Mayor Kirk Caldwell has directed city departments and agencies to prepare for the effects of climate change and sea level rise. The Honolulu Star-Advertiser reported the mayor issued the mandate this week, requiring the departments and agencie...
Thu, 19 Jul 2018 13:31:06 +0000
Thunderstorms have caused flights to be delayed and knocked out power in some parts of Massachusetts. A flood warning was issued by the National Weather Service for the areas of Springfield, Clinton, Boston and Northborough July 18, and a flash …
Thu, 19 Jul 2018 13:18:39 +0000
Agency Network Exchange LLC (ANE) has added Linda Foley as director of field operations based in New Jersey. In this role, she will work with member agencies to develop and implement growth plans and maintain agency relationships. She will also …
Thu, 19 Jul 2018 13:09:20 +0000
American Property Insurance Company (APIC), a licensed and admitted commercial insurance carrier headquartered in Eatontown, N.J., has appointed Steven T. Hicks as company controller. Reporting to the chief financial officer, Hicks will supervise inter...
Thu, 19 Jul 2018 13:01:11 +0000
Cook Maran & Associates, a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP), has acquired Joseph P. Price Agency (Price). Price is a Long Island, N.Y.-based insurance agency that …
Thu, 19 Jul 2018 12:16:48 +0000
Travelers Companies reported that catastrophe losses from wind and hail storms in several regions of the United States cut into its second quarter profit. Net income for the quarter was $524 million compared to $595 million for the same quarter …