Fri, 22 Jun 2018 18:18:31 +0000
One wouldn’t normally associate blockchain with workers’ compensation, two completely different industries that seem worlds apart. But as it turns out, the technology is of value to at least one very important entity in the space. The Workers’ Compensa...
Fri, 22 Jun 2018 18:10:06 +0000
Thousands of Fountain and Colorado Springs, Colo. area residents have spent the past week cleaning up and meeting with insurance adjusters after an unusual early morning June 13 storm pounded vehicles and roofs golf and baseball-sized hail. The storm c...
Fri, 22 Jun 2018 15:22:49 +0000
Alaska regulators are set to discuss proposed rules for allowing onsite consumption of marijuana at certain shops in August. Regulators have gone back and forth on onsite use, adopting rules in late 2015 to allow people to use marijuana at …
Fri, 22 Jun 2018 15:10:21 +0000
Health care insurers including Medicare, Medicaid and major private insurers have not done enough to combat the opioid epidemic, suggests a study led by researchers at Johns Hopkins Bloomberg School of Public Health. The Bloomberg School researchers ex...
Fri, 22 Jun 2018 15:09:37 +0000
Officials in Oakland, Calif. have agreed to pay $12 million to a motorcyclist who lost a leg and was badly hurt when struck by a police vehicle that allegedly ran a red light. The East Bay Times reported that the …
Fri, 22 Jun 2018 15:04:36 +0000
It was a flying frankfurter and not a foul ball that left a baseball fan with a black eye in Philadelphia. Kathy McVay says she was at Monday night’s Phillies game when the team’s mascot, the Phillie Phanatic, rolled out …
Fri, 22 Jun 2018 15:02:31 +0000
The entire Texas coastline has been drenched this week with heavy rains resulting in flooding in many areas with several cities reporting rainfall totals in excess of 12 inches. The Insurance Council of Texas is issuing a reminder that record …
Fri, 22 Jun 2018 14:53:18 +0000
Police in Tempe, Arizona said evidence showed the “safety” driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming …
Fri, 22 Jun 2018 14:29:39 +0000
A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence Unit (EIU) and Willis …
Fri, 22 Jun 2018 13:42:46 +0000
A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting settlement payouts. The decision by...
Fri, 22 Jun 2018 13:26:25 +0000
Chubb has announced leadership appointments in its North America Agriculture business, which includes commercial property/casualty insurance and the crop insurance franchise, Rain and Hail. Michael Coleman will assume the role of chairman of Chubb Agri...
Fri, 22 Jun 2018 13:18:24 +0000
A self-driving car company is getting the green light to test its vehicles on a Colonial-era street network with a reputation for aggressive human drivers. Boston city officials announced Wednesday that they’ve granted permission to NuTonomy to test it...
Fri, 22 Jun 2018 13:14:37 +0000
More than 10,000 people were still without power Tuesday, a day after strong winds and rain from storms in northern New England sparked a tornado in New Hampshire and razed a historic barn in Vermont. Monday afternoon’s thunderstorms in New …
Fri, 22 Jun 2018 13:05:08 +0000
Dr. Atul Gawande, a surgeon who was named this week to head the company being formed by Amazon, Berkshire Hathaway and JPMorgan Chase to trim employee healthcare costs, on Thursday cited surgery as the single biggest U.S. healthcare cost and …
Fri, 22 Jun 2018 12:56:23 +0000
Alliant Employee Benefits has hired Beth Phares as senior vice president. The Richmond, Va.-area consultant will work with clients throughout the Eastern region to deliver strategic employee benefits solutions that address both the physical and financi...
Fri, 22 Jun 2018 12:49:59 +0000
Postmates Inc.’s couriers aren’t employees, a New York state appeals court ruled in a decision that will fuel debate about the status of workers in the gig economy. The appeals court panel in a 3-2 decision on Thursday said a …
Fri, 22 Jun 2018 11:37:24 +0000
Willis Towers Watson has launched a new version of its loss-reserving software, ResQ. ResQ 4.1 provides property and casualty (P/C) insurers with new reporting capabilities to further advance the software’s technical capability, in response to clients’...
Fri, 22 Jun 2018 11:09:43 +0000
Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle. Canadian Environment and Climate Change Minister Catherine McKenna said countries aroun...
Fri, 22 Jun 2018 10:45:03 +0000
Germany, land of the no-holds-barred Autobahn, is pushing the next level of transportation: flying cars. Chancellor Angela Merkel’s government signed a letter of intent with executives from Volkswagen’s Audi unit and plane maker Airbus SE to test air t...
Fri, 22 Jun 2018 10:34:33 +0000
Eight passengers have sued Southwest Airlines Co. over a catastrophic engine blowout in April that killed a passenger and injured several others. The plaintiffs, eight passengers from Flight 1380 on April 17 and one passenger’s husband, filed suit on T...
Fri, 22 Jun 2018 10:32:00 +0000
XL Catlin announced the launch of specialty aviation insurance in Mexico. The new product suite will initially focus on general aviation hull and liability risks. With an established presence in Latin America and aviation teams in Brazil, the United St...
Fri, 22 Jun 2018 10:16:47 +0000
Investors’ shaky confidence in virtual currencies took another hit after crypto exchange Bithumb, ranked seventh in the world by traded value on Coinmarketcap.com, suffered a hack that saw about 35 billion won ($32 million) worth of coins stolen. The S...
Fri, 22 Jun 2018 04:39:49 +0000
A Florida circuit court has reinstated a stay on smoking medical marijuana. The state’s 1st District Court of Appeal has ruled that the hold will remain in effect “pending final disposition of the merits of (a recent) appeal.” The Department …
Fri, 22 Jun 2018 04:21:50 +0000
Florida’s citrus growers are blaming Hurricane Irma for one of their worst seasons in decades. In a Naples Daily News report, U.S. agriculture officials said Florida’s orange production dropped nearly 35 percent from the previous season. Grapefruit pro...
Fri, 22 Jun 2018 04:14:48 +0000
Chubb has introduced a new insurance product available to more than 60 classes of artisan contractors through its new digital platform – the Chubb Small Commercial Marketplace, which places and services small business insurance, and features a suite ...
Fri, 22 Jun 2018 04:08:19 +0000
Gov. Phil Bryant is naming another retired military leader to run Mississippi’s Emergency Management Agency. Bryant said on Monday said he was appointing Gregory Michel as the agency’s director. Michel was the commander of Camp Shelby in Hattiesburg fr...
Fri, 22 Jun 2018 00:23:05 +0000
The Louisiana Department of Insurance has issued an advisory letter to property/casualty insurers operating in the state that seeks to clarify the interpretation and application of state law regarding policy deductibles in relation to named storms/hurr...
Fri, 22 Jun 2018 00:04:26 +0000
Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio State University, a …
Thu, 21 Jun 2018 23:59:59 +0000
Illinois-based Arthur J. Gallagher & Co. has acquired Marchetti, Robertson & Brickell Insurance and Bonding Agency Inc., with offices in Ridgeland, Mississippi, and Kansas City, Missouri. Terms of the transaction were not disclosed. Founded in 1953, Ma...
Thu, 21 Jun 2018 23:41:01 +0000
The artist behind Chicago’s famous bean-shaped sculpture has filed a federal lawsuit accusing the National Rifle Association of copyright infringement by using an image of his work in a video advertisement last year. Anish Kapoor’s lawsuit filed in the...