Mon, 11 Dec 2017 17:54:58 +0000
Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1 trillion (US$1.0 billion) – a rare billion-dollar event for the country, according to Impact Forecasting, Aon Benfi...
Mon, 11 Dec 2017 17:48:05 +0000
Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president. Bridges is currently the president of INSURICA DFB Insurance Services Inc. (formerly DFB Insurance Group LLC) and is ...
Mon, 11 Dec 2017 17:36:28 +0000
Lockton Affinity Lawyer has added CyberLock Lawyer to its portfolio of products for lawyers and firms with one to 19 attorneys. The CyberLock Lawyer cyber risk insurance policy protects firms and attorneys from cyber risks, such as confidentiality and ...
Mon, 11 Dec 2017 17:34:13 +0000
Several days of strong winds in late October arrived at the wrong time for many farmers who saw their crops shrink as ears of corn fell to the ground in Nebraska and western Iowa. The extent of the damage varied, …
Mon, 11 Dec 2017 17:30:03 +0000
Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect the transaction, which is subject to...
Mon, 11 Dec 2017 17:29:54 +0000
The U.S. Department of Agriculture says Arkansas farmers received $466 million in federal “safety net” payments this year for their crop losses in 2016, third highest in the nation. The Arkansas Democrat-Gazette reports that this year’s payments are $1...
Mon, 11 Dec 2017 17:27:34 +0000
Wisconsin regulators can’t enforce a rule requiring sprinklers in large apartment buildings, Republican Attorney General Brad Schimel said on Dec. 8 in a victory for builders looking to save on costs. The state Department of Safety and Professional Sta...
Mon, 11 Dec 2017 17:25:27 +0000
A suburban Chicago chiropractor has been sentenced to 20 months in prison for billing an insurance company more than $4 million for treatment that was unnecessary or never provided. Federal prosecutors said Thursday 46-year-old Steven Paul of Northbroo...
Mon, 11 Dec 2017 17:22:39 +0000
A Texas pilot who survived a 2012 Gulf of Mexico plane crash and used an iPad to record his time in the water acknowledges it was insurance-related fraud. Theodore Robert Wright III pleaded guilty on Dec. 7 in Tyler to …
Mon, 11 Dec 2017 17:19:33 +0000
For days after Hurricane Harvey flooded her Sour Lake, Texas, neighborhood, Deanna Coburn’s farm was silent, without its usual chorus of bleating goats and crowing roosters. The Beaumont Enterprise reports her chickens fled to the highest parts of the ...
Mon, 11 Dec 2017 17:16:02 +0000
Authorities say that three people have been injured and 10 people left homeless after a woman accidentally started a fire while trying to kill bed bugs with rubbing alcohol at a multi-family home in Cincinnati. WXIX-TV reports it’s the second …
Mon, 11 Dec 2017 16:58:32 +0000
A North Carolina county recovering from a cyberattack says hackers failed in a second attempt to infiltrate their computer system. Mecklenburg County officials say foreign hackers redoubled their efforts after the county refused to pay a ransom last we...
Mon, 11 Dec 2017 16:40:07 +0000
Thirteen pension funds in regions and administrative units around China only have enough money to pay less than one year’s worth of pensions, media reported on Monday, as the country struggles with an aging population and shortfalls in the nation’s …
Mon, 11 Dec 2017 16:27:30 +0000
New Mexico’s congressional delegation is asking the federal government for help as a Native American community in the state is recovering from the effects of severe weather and flooding. The delegation says a storm in early October damaged roads, bridg...
Mon, 11 Dec 2017 16:25:35 +0000
A week of destructive fires in Southern California is ending but danger still looms. Well into what’s considered the wet season, there’s been nary a drop of rain. That’s good for sun-seeking tourists, but could spell more disaster for a …
Mon, 11 Dec 2017 16:17:22 +0000
Commercial insurance prices in the U.S. were again nearly flat during the third quarter of 2017. Price changes reported by carriers averaged less than one percent for the ninth consecutive quarter, following a moderating trend in price increases that b...
Mon, 11 Dec 2017 16:07:44 +0000
The trade group representing U.S. drugmakers said it has a filed a lawsuit to stop California from implementing a law aimed at reining in prescription drug prices. The Pharmaceutical Research and Manufacturers of America, in a statement, said it filed …
Mon, 11 Dec 2017 15:54:56 +0000
The initial insured property loss estimate for Extratropical Cyclone Herwart, which hit Austria and Germany on Oct. 29, 2017, is €252 million ($337.3 million), according to PERILS, the independent Zurich-based organization that provides industry-wide...
Mon, 11 Dec 2017 13:49:18 +0000
A Vermont man whose mother and grandfather died in mysterious circumstances must turn over information related to a missing gun, as well as phone and other records, in a Rhode Island lawsuit over insurance on his sunken boat. Nathan Carman …
Mon, 11 Dec 2017 13:46:04 +0000
McKesson Corp.’s board failed to audit the company’s system to spot suspicious shipments of opioid-based painkillers even after agreeing to do so as part of a settlement, according to a summary of board minutes unsealed Friday in a shareholder lawsuit. …
Mon, 11 Dec 2017 13:43:40 +0000
Erie Insurance has promoted Dionne Wallace Oakley to executive vice president of Human Resources and Strategy. The appointment is effective Jan. 1, 2018. In this role, she will expand her oversight to include several strategic functions. Wallace Oakley...
Mon, 11 Dec 2017 13:30:28 +0000
BroGue Insurance & Financial Services, a Bangor, Maine-based independent insurance agency, has hired Timothy Guerin as an insurance agent. Guerin’s insurance sales career began with Liberty Mutual Insurance. BroGue offers personal, business, life and h...
Mon, 11 Dec 2017 11:48:58 +0000
French President Emmanuel Macron this week will seek to breathe new life into the fight against global warming and sway debate away from skeptics of the process led by U.S. President Donald Trump. At a series of events in Paris …
Mon, 11 Dec 2017 11:27:04 +0000
Validus Holdings Ltd. has announced three senior leadership appointments as a result of a structural change for the company that creates three, new reportable divisions: Reinsurance, Insurance and Asset Management. Kean Driscoll was named global head o...
Mon, 11 Dec 2017 06:58:13 +0000
Scott Margraves has been elected to serve as president of the Independent Insurance Agents of Houston (IIAH) for a term that expires Aug. 31, 2018. Margraves is a commercial lines producer for TDECU Insurance Agency LLC. He has been with …
Mon, 11 Dec 2017 06:00:30 +0000
Digital insurer Lemonade says companies that integrate its insurance sales platform, or API, into their own apps and web sites “generally speaking do not have to be licensed as insurance agents or brokers.” At the same time, the insurer said …
Mon, 11 Dec 2017 06:00:27 +0000
It’s good for a boss to be humble – as long as that’s what the firm’s employees expect. Some workplace teams showed more creativity if the employees rated their bosses as showing more humility, Ohio State researchers studying workplaces in …
Mon, 11 Dec 2017 06:00:27 +0000
Uber Technologies Inc. and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to …
Mon, 11 Dec 2017 06:00:08 +0000
U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted in a new report. “While performance is like...
Mon, 11 Dec 2017 05:48:39 +0000
An unusually heavy December snowfall across much of the Deep South tapered off Saturday, but icy road conditions left problems and thousands remained without electricity throughout the region. Forecasters warned that moisture on the roadways could free...