May 22, 2019
New England Insurance Group
Wed, 22 May 2019 12:43:18 +0000
McDonald’s Corp. was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up. The cases announced by the American Civil Liberties Union (ACLU), the labo...
Wed, 22 May 2019 11:07:21 +0000
Allianz Global Corporate & Specialty (AGCS) announced it is offering expanded emergency response services as part of its Environmental Impairment Liability (EIL) coverage when pollution and/or contamination events occur. AGCS has formed strategic partn...
Wed, 22 May 2019 08:23:12 +0000
Assicurazioni Generali SpA is in early talks to buy the Central European assets of MetLife Inc. as the Italian insurer seeks to expand through acquisitions in high-growth markets, according to people with knowledge of the matter. The business may be …
Wed, 22 May 2019 07:43:50 +0000
A prominent Chinese environmental group has called on chemicals multinationals to stop “cutting corners” by outsourcing business to Chinese suppliers that violate safety regulations after an investigation into a deadly explosion at a factory in March. ...
Wed, 22 May 2019 06:41:19 +0000
Fairfax Financial Holdings Ltd. announced that, David Bonham, vice president and chief financial officer of Fairfax, died suddenly this past weekend. “The entire Fairfax family mourns the sudden and unexpected loss of our dear friend and partner, Dave ...
Wed, 22 May 2019 06:32:56 +0000
Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s Lloyd’s Market Association said Friday that it would expand its so-called “listed areas” — those regions …
Wed, 22 May 2019 06:06:09 +0000
Bermuda-based Armour Group Ltd. announced the appointment of John Parry as group chief financial officer. Parry will assume his new position in June and report directly to the group executive committee. A seasoned senior financial services executive wi...
Wed, 22 May 2019 05:50:24 +0000
Norbord Inc said on Tuesday it suspended production at its oriented strand board (OSB) mill in High Level, Alberta, to comply with evacuation orders following nearby wildfires. More than 4,000 people from High Level and the Bushe River First nations …
Wed, 22 May 2019 05:35:36 +0000
Naperville, Illinois-based Instec, a provider of insurance software for commercial program and specialty writers, has promoted Mike Fagan to president of Operations. Most recently, Fagan was vice president of Engagement and Product Management. In his n...
Wed, 22 May 2019 05:25:00 +0000
Aaron Valentine has been named senior vice president, chief insurance officer for the Farmers Alliance Companies in McPherson, Kansas. This is a new position at the companies, added to ensure the proper organizational structure to support the companies...
Wed, 22 May 2019 05:22:20 +0000
Federal safety officials cited an excavation company after two employees suffered serious injuries when a trench collapsed at a construction site in Lincoln, Nebraska. The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) ...
Wed, 22 May 2019 05:12:00 +0000
Teri Brinson, Randy Myers and Leslie Milvo have been named to the Surplus Lines Stamping Office of Texas (SLTX) board of directors, with three-year terms set to run through Dec. 31, 2021. Brinson is vice president at LP Risk Inc. …
Wed, 22 May 2019 05:02:00 +0000
Nearly two years after Hurricane Harvey ravaged the Texas coast, the Texas House approved legislation that would pull more than $3 billion from the state’s rainy day fund to help pay for flood control projects statewide. The House version of …
Wed, 22 May 2019 05:00:44 +0000
Johnson & Johnson was ordered to pay at least $25 million to a woman who said she contracted a rare asbestos-related cancer through decades of daily use of J&J’s Baby Powder or its other talc product, Shower to Shower. The …
Wed, 22 May 2019 05:00:28 +0000
A French woman whose husband died in the crash of a Boeing 737 MAX airliner in Ethiopia has filed a U.S. lawsuit against the planemaker, seeking at least $276 million in damages. The crash of Ethiopian Airlines flight 302 in …
Wed, 22 May 2019 05:00:14 +0000
American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A non-binding resolution to endorse the firm’s ...
Wed, 22 May 2019 04:39:20 +0000
Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc., is working with its independent insurance agency partners to help customers become aware of recalls affecting their vehicles through notifications fr...
Wed, 22 May 2019 04:27:10 +0000
Baldwin Risk Partners (BRP), a Tampa, Fla.-headquartered insurance distribution and consulting holding company, has appointed Trevor Baldwin as chief executive officer. He will take over for Lowry Baldwin, who will maintain an active role in the organi...
Wed, 22 May 2019 04:19:48 +0000
The North Carolina Department of Insurance announced multiple fraud enforcement actions during the month of April 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to North Carolina Insurance Commissione...
Tue, 21 May 2019 16:58:40 +0000
Hiscox has enhanced its Security Incident Response (SIR) product to provide additional protection for ‘business integrity risks’ including corruption and fraud. The new SIR policy also includes cover for expenses incurred by a business when dealing wit...
Tue, 21 May 2019 16:50:39 +0000
The West Virginia Department of Environmental Protection and Mountain Valley Pipeline have agreed the latter will pay $266,000 for environmental violations dating back to April 2018. The Charleston Gazette-Mail reports the consent agreement dated April...
Tue, 21 May 2019 16:48:20 +0000
Tennessee Gov. Bill Lee has filed an appeal after the federal government denied his request for individual aid for residents in five counties battered by flooding and severe storms. A news release from the Tennessee Emergency Management Agency says the …
Tue, 21 May 2019 16:36:39 +0000
The Texas Department of Insurance (TDI) has filed an action to stop Georgia-based Aliera Healthcare from selling health insurance in Texas without a state license. The public hearing will begin at 9 a.m. May 28 at the State Office of …
Tue, 21 May 2019 16:27:37 +0000
After urging the Trump administration for over a year to release billions in long-awaited disaster relief funding to Texas and other disaster-affected states to no avail, Texans in Congress are now taking more aggressive measures. This week, U.S. Reps....
Tue, 21 May 2019 16:19:05 +0000
Missouri lawmakers have given final approval to a measure that could relax a pair of roadway safety provisions. The legislation sent to Gov. Mike Parson on Friday would do away with the need for vehicle safety inspections on an estimated …
Tue, 21 May 2019 16:17:22 +0000
Billionaire businessman Dan Gilbert is starting a ballot drive as a “failsafe” in case Michigan’s Republican-led Legislature and Democratic Gov. Gretchen Whitmer do not enact legislation to cut the country’s highest auto insurance premiums. The move, c...
Tue, 21 May 2019 16:14:29 +0000
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, appointed Paul Kunzer to the role of head of Trade Credit Multi-Buyer and Excess of Loss (XOL). Based in Chicago, Kunzer will lead the development of LSM’s new Trade Credit offering …
Tue, 21 May 2019 15:58:05 +0000
The heavy rain, high winds and hail that swept across the southern Great Plains is now headed to Arkansas and Missouri, where farmers are already struggling to get crops in the ground in a brutally wet spring. The massive outbreak …
Tue, 21 May 2019 14:57:45 +0000
The U.S. property/casualty industry posted net underwriting income of $4.2 billion in first-quarter 2019, a 24.0% increase from the same period in the previous year, according to preliminary financial results. According to Best’s Special Report, “First...
Tue, 21 May 2019 14:35:37 +0000
The state of Nevada has reached a tentative settlement with dozens of homeowners and insurance companies that filed an $80 million negligence lawsuit after a fire destroyed 24 homes when strong winds reignited a smoldering prescribed burn south of Reno …