May 23, 2018
Coming Soon!
Thu, 24 May 2018 01:03:16 +0000
Bond insurer Assured Guaranty sued Puerto Rico and its federally-appointed oversight board on Wednesday, saying their plan to resuscitate the storm-ravaged, bankrupt U.S. territory violates the U.S. Constitution by stripping creditors of property right...
Thu, 24 May 2018 00:44:06 +0000
Hackers have infected at least 500,000 routers and storage devices in dozens of countries, some of the world’s biggest cyber security firms warned on Wednesday, in a campaign that Ukraine said was preparation for a future Russian cyber attack. The …
Thu, 24 May 2018 00:36:05 +0000
Willis Towers Watson reports that China’s Banking Insurance Regulatory Commission (CBIRC) earlier this month approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance business in China. This follows Presi...
Wed, 23 May 2018 20:01:09 +0000
Oklahoma City, Okla.-based INSURICA has acquired Zodrow & Neighbors Insurance LLC. Terms of the deal weren’t disclosed. The deal, which will be effective on June 1, is INSURICA’s fifth acquisition this year. Owasso-based Zodrow & Neighbors will enhance...
Wed, 23 May 2018 19:56:16 +0000
The board of directors for LWCC, a provider of competitive workers’ compensation insurance to Louisiana employers, has declared a 2017 dividend of $81 million to its policyholders. The amount was distributed to policyholders in April and May, bringing ...
Wed, 23 May 2018 19:49:42 +0000
The Iroquois Group’s Southwest team has named Mike Walker regional manager for Utah. Walker will work primarily to develop the firm’s member base in Utah. Walker has more than 27 years of experience in the insurance industry, including 15 years …
Wed, 23 May 2018 16:48:27 +0000
At least two people have died and 11 others were hurt in a wreck involving a church van in North Carolina. The wreck was reported about 5:30 p.m. Sunday near Rolesville, about 15 miles (24 kilometers) northeast of Raleigh. The …
Wed, 23 May 2018 15:45:27 +0000
A 17-year-old student accused of fatally shooting 10 people at a Texas high school should be seen as a “victim” because he may have recently been bullied, causing him to lash out, his father said. In a phone interview over …
Wed, 23 May 2018 15:30:21 +0000
Some South Texas cities have started restricting water usage due to dropping Edwards Aquifer levels amid drought conditions. The Edwards Aquifer Authority this week announced Stage 1 pumping restrictions after the 10-day average level of an index well ...
Wed, 23 May 2018 15:28:13 +0000
A University of Wisconsin-Stevens Point official who handled sexual misconduct complaints and resigned when he was accused of sexually harassing a woman on campus in 2015, went on to hold positions handling similar complaints at two other universities,...
Wed, 23 May 2018 15:24:57 +0000
The Texas Department of Public Safety said it disputes allegations that one of its state troopers sexually assaulted a woman while he was arresting her on suspicion of drunken driving. A lawyer representing the woman said Monday that the trooper …
Wed, 23 May 2018 15:23:10 +0000
The future of a central South Dakota movie theater is uncertain after lightning struck the facility, according to its owners. A digital projector, server and computer components were damaged last month at the Lyric Theatre in Faulkton, Aberdeen America...
Wed, 23 May 2018 15:15:30 +0000
The eruption of Kilauea volcano in Hawaii sparked new safety warnings about toxic gas on the Big Island’s southern coastline after lava began flowing into the ocean and setting off a chemical reaction. The molten rock started pouring into the …
Wed, 23 May 2018 15:03:45 +0000
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is being met with cheers by the insurance industry. Thi...
Wed, 23 May 2018 15:01:37 +0000
The family of a couple killed in 2013 by a drunk driver has settled with the city of Seattle for $13 million. The family of Dennis and Judy Schulte settled with the city. Prosecutors say Mark Mullan was drunk when …
Wed, 23 May 2018 14:59:21 +0000
The California Organized Investment Network has launched the Impact Investment Marketplace, a portal to help facilitate high impact investments in underserved communities and environmental projects in California. The marketplace links those seeking cap...
Wed, 23 May 2018 14:52:35 +0000
Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne. While Wall Street banks …
Wed, 23 May 2018 14:49:06 +0000
The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach notices in 2006. In the …
Wed, 23 May 2018 13:55:20 +0000
The National Transportation Safety Board on Tuesday recommended for the first time that all new school buses in the U.S. be equipped with lap and shoulder belts. The NTSB also voted to recommend that the National Highway Traffic Safety Administration …
Wed, 23 May 2018 13:34:53 +0000
Reinsurance broker Guy Carpenter & Co. announced the appointment of Richard Carver as managing director and senior broker in the firm’s UK non-marine division. Carver has 30 years of experience in the reinsurance sector, spanning both the underwriting ...
Wed, 23 May 2018 13:24:00 +0000
Survivors of a devastating high-rise fire in London wept Monday as relatives paid tribute to some of the 72 victims at the opening of an inquiry into Britain’s deadliest blaze in decades. The Grenfell Tower inquiry is beginning with two …
Wed, 23 May 2018 13:01:43 +0000
A pair of consumer advocacy groups want the U.S. Federal Trade Commission to investigate Tesla Inc., charging that the company’s advertising and other promotional claims about the safety and capability of its Autopilot driver-assistance technologies ar...
Wed, 23 May 2018 13:01:00 +0000
A telecommunications tower climber who suffered severe injuries when a ladder rung dislodged and sent him hurtling 50 feet to the ground has reached a settlement with AT&T and others for $30 million. The June 2013 fall in Allentown, Pennsylvania, …
Wed, 23 May 2018 12:52:35 +0000
A Vermont town says preliminary repair estimates for an old railroad causeway and bridge across a section of Lake Champlain are $563,000 after it was heavily damaged by a storm earlier this month. The May 4 storm caused the formation …
Wed, 23 May 2018 12:43:36 +0000
Risk Strategies, a privately held, national insurance brokerage and risk management firm, has announced the acquisition of Corporate Benefit Audits (CBA), a firm providing claim outsourcing and audit services to the medical stop loss, managed care and ...
Wed, 23 May 2018 12:34:35 +0000
Lloyd’s of London reported that it has received licence approval from the National Bank of Belgium for Lloyd’s Insurance Co. Lloyd’s Brussels will be able to write non-life risks from the European Economic Area (EEA), so Lloyd’s customers can continue …
Wed, 23 May 2018 05:03:30 +0000
A.M. Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (ICR) of “a” to Wisconsin-based CM Select Insurance Co. (CM Select), a wholly owned subsidiary of Church Mutual Insurance Co. (CMIC). The …
Wed, 23 May 2018 05:00:12 +0000
Lisa Meyer’s London hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers. Most of the time Meyer is focused on hairstyles, color trends and keeping …
Wed, 23 May 2018 04:45:53 +0000
A small business owner and cybersecurity professional frustrated by the complicated cyber coverage buying process decided to take matters into his own hands – he became a cyber insurance broker. “I wanted to solve the cyber insurance problem for small …
Wed, 23 May 2018 04:44:19 +0000
Two former Tennessee insurance providers have been served cease and desist orders by the Tennessee Department of Commerce & Insurance (TDCI) in response to fraudulent practices the department says they used to sell insurance and scam consumers. TDCI is...