Thu, 05 Mar 2015 09:48:52 +0000
Gross domestic product at risk of flooding in India, the world’s second-most populous nation, may surge 10-fold by 2030 as cities expand and climate challenges worsen, according to the World Resources Institute. A new online global flood-analyzing to...
Thu, 05 Mar 2015 09:19:44 +0000
Totten Insurance Group, the Toronto-based insurance managing general agency, announced it has acquired the shares of National Brokerage Services S.C.N. Inc. (NBS), a Montreal, Quebec-based commercial insurance wholesaler. Terms of the acquisition were ...
Thu, 05 Mar 2015 09:07:09 +0000
Aviva plc, in the midst of buying Friends Life Group Ltd. for $8.6 billion, increased its shareholder payout for 2014 by 30 percent as the insurer reported higher profit. The final dividend was lifted to 12.25 pence per share, taking … The article U.K....
Thu, 05 Mar 2015 09:00:45 +0000
The first of a slew of bills that would regulate popular car-hailing companies such as Uber overwhelmingly passed the Georgia House on Tuesday, but the San Francisco-based tech firm said it was not happy with the measure or several others … The article...
Thu, 05 Mar 2015 09:00:21 +0000
Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has added Charlotte Smith-Wilkes to its Construction Services Group as senior vice president/wrap-up director to lead the expansion of its Wrap-Up Division in the southern Un...
Thu, 05 Mar 2015 09:00:17 +0000
Metro Louisville, Ky. officials have sent letters to some homeowners that rent space to travelers through online home-sharing sites telling them to stop the practice immediately or they risk being fined. The Courier-Journal reports the letters say the ...
Thu, 05 Mar 2015 09:00:12 +0000
Shortly after dusk on Sunday along a lonely stretch of Interstate 95, armed robbers hijacked an armored truck, tied up the two guards and disappeared into the night with 275 pounds of gold bars. The guards working for Transvalue Inc. … The article Arme...
Thu, 05 Mar 2015 04:07:44 +0000
The U.S. Supreme Court heard oral arguments over Obamacare’s tax subsidies yesterday. The justices appeared divided along ideological grounds, with observers citing Chief Justice John Roberts and Justice Anthony Kennedy as the justice most likely to ...
Thu, 05 Mar 2015 04:07:06 +0000
The Supreme Court sometimes surprises. In oral arguments Wednesday about the latest conservative attempt to undermine President Obama’s health-reform program, Justice Anthony Kennedy introduced an unexpected potential basis for upholding the Affordable...
Thu, 05 Mar 2015 04:06:19 +0000
Carrier Management Special Report Warren Buffett’s insurance beginnings and predictions; breaking out the insurance and reinsurance results; the growth and expectations for Berkshire Hathaway Specialty Insurance; singling out CEOs; repeating past remar...
Thu, 05 Mar 2015 04:04:16 +0000
The trucking industry’s overseer is giving little ground to critics who asked Congress to loosen U.S. regulations and revise a rating system designed to root out unsafe carriers. The Federal Motor Carrier Safety Administration’s acting chief, Scott...
Thu, 05 Mar 2015 03:19:10 +0000
State Farm reported an underwriting loss in 2014, though investment and other income still helped leave it with an operating profit. The insurer’s combined property/casualty underwriting loss landed at $939 million, or 1.7 percent of nearly $57 bill...
Wed, 04 Mar 2015 21:18:57 +0000
Philadelphia cab companies, threatened by the expansion of Uber Technologies Inc., lost a court bid to block the on-demand car service from operating in the city. Checker Cab Philadelphia Inc. and 44 other companies failed to show they would be … The a...
Wed, 04 Mar 2015 18:17:05 +0000
Lockton’s St. Louis office named Jim Linden as assistant vice president-senior claims consultant in its mining risk management practice. The industry veteran will guide clients as their claims advisor and advocate. Linden will advise Lockton client...
Wed, 04 Mar 2015 17:58:46 +0000
UCPM, Inc., an environmental insurance provider, has partnered with Great American Insurance Co. to offer the IAQ Advantage package for indoor air quality and mold liability coverage. This online program targets real estate locations including apartmen...
Wed, 04 Mar 2015 17:54:36 +0000
Connecticut is the latest state to grapple with how to regulate Uber and other ride-hailing services being embraced by the public but angering the long-established taxi and livery industry. Taxi and livery drivers say they’re under assault by unfair co...
Wed, 04 Mar 2015 17:53:54 +0000
Specialty Insurance Group (SIG) has increased its excess/umbrella coverage underwriting capacity to $25 million, an increase of $15 million. SIG provides specialty insurance programs in the sports, leisure and entertainment industries. According to SIG...
Wed, 04 Mar 2015 17:51:15 +0000
With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in oil and gas drilling — Oklahoma Insurance Commiss...
Wed, 04 Mar 2015 17:40:00 +0000
The Maryland Insurance Administration (MIA) announced that Al Redmer, Jr. took the oath of office on Feb. 27 to serve as Maryland’s insurance commissioner. Redmer succeeds Therese M. Goldsmith, who stepped down from the post when Lawrence J. Hogan, J...
Wed, 04 Mar 2015 17:19:23 +0000
Mike Caputo, one of the top Democrats in the West Virginia legislature, began working in the state’s coal mines at age 19. It helped put his kids through school, he said, and helped him pay for his family home. Now … The article West Virginia’s Coal ...
Wed, 04 Mar 2015 17:16:20 +0000
Fort Worth, Texas-based Higginbotham and Aycock & Fowler, in Lubbock, Texas, have merged. Both are independent insurance firms providing property and liability insurance, risk management and employee benefit services to businesses and individuals. Higg...
Wed, 04 Mar 2015 17:12:49 +0000
Lansing, Mich.-based Accident Fund Holdings Inc., a specialty writer of workers’ compensation insurance, named Mitchell Walshas director of strategy and operations. Walsh will lead the strategic efforts of the holding company and its brands to identify...
Wed, 04 Mar 2015 17:12:36 +0000
York Risk Services Group Inc., a Parsippany, New Jersey-based provider of claims management, managed care, risk management and specialized loss adjusting services, has hired Barry Haring as vice president of sales, Northeast, for York’s Programs divi...
Wed, 04 Mar 2015 17:11:12 +0000
Arthur J. Gallagher & Co. has acquired NationAir Aviation Insurance (NationAir) based in West Chicago, Ill. Terms of the transaction were not disclosed. Founded in 1978, NationAir is a retail insurance broker offering commercial property/casualty and ...
Wed, 04 Mar 2015 17:11:11 +0000
California’s Department of Toxic Substances Control says it is suing a glass company for violating recycling laws after it added hazardous waste dust to wine bottles made at its Modesto plant. The department said Monday Gallo Glass Co. failed to … The ...
Wed, 04 Mar 2015 17:08:35 +0000
The family of a cleaning worker who was killed when he fell into a running industrial meat blender at an Oregon plant is suing the meat distributor for $5 million. The Oregonian reported that the lawsuit filed last week in … The article Family of Orego...
Wed, 04 Mar 2015 17:05:57 +0000
A.M. Best says the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb” of State Farm Lloyds in Dallas are unchanged following the announcement that it has reached a settlement agreement in Texas over homeowner rate ove...
Wed, 04 Mar 2015 17:04:51 +0000
Chicago’s Willis Tower, once the world’s tallest building and one of the city’s top tourist attractions, is up for sale. The owners, which include New York-based investors Joseph Chetrit and Joseph Moinian, have hired brokerage Eastdil Secured to...
Wed, 04 Mar 2015 17:04:29 +0000
Vanbridge LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York, announced that it has agreed to acquire Alan Gray Inc., an audit, actuarial, underwriting, reinsurance and risk management firm ...
Wed, 04 Mar 2015 16:58:56 +0000
The members of the Surplus Line Association of California have named Denis Brady, president of Burns & Wilcox Brokerage in San Francisco, chair of the SLA Board of Directors. Brady’s election was finalized after the SLA tallied the final ballots … Th...