Fri, 24 Oct 2014 20:38:45 +0000
Monarch E&S has named Deb Neville a senior commercial lines underwriter in its San Diego, Calif. branch office. Neville has extensive commercial lines experience and has been working in the excess and surplus lines industry for 35 years. Most recentl...
Fri, 24 Oct 2014 18:55:13 +0000
1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS Until the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not expect this outbreak of … The article ...
Fri, 24 Oct 2014 18:30:06 +0000
As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance lines. According to Randy Nornes, executive...
Fri, 24 Oct 2014 16:59:07 +0000
W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income reported a year ago. The Greenwich, Connecticut-based insurer’s net premiums written for the third quarter were $1....
Fri, 24 Oct 2014 16:56:45 +0000
A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sue...
Fri, 24 Oct 2014 16:54:49 +0000
A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “...
Fri, 24 Oct 2014 16:35:36 +0000
A survey finds that many Kansas contractors are having trouble filling skilled jobs in the construction industry. Ninety percent of the 20 Kansas firms that responded to an Associated General Contractors survey said they’re having a hard time finding p...
Fri, 24 Oct 2014 16:29:27 +0000
Ridesharing company Lyft will temporarily stop operating in Kansas City, Mo. while it negotiates with the city over ways to allow it to permanently conduct business in the city. Lyft officials said that the drivers will stop working for up … The articl...
Fri, 24 Oct 2014 16:25:33 +0000
Ohio public employers applauded an average 9.1 percent reduction in workers’ compensation rates for local governments that was approved by the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors. The new rates covering 3,800 cities, count...
Fri, 24 Oct 2014 16:22:01 +0000
Activists on both sides of the “any willing provider” ballot measure that would give South Dakota patients more choice of in-network doctors say the issue is too complicated for sound bites, but have still spent more than $560,000 on television … T...
Fri, 24 Oct 2014 16:15:20 +0000
A federal judge has upheld a jury’s $28.2 million damage award to a woman who suffered a permanent brain injury from carbon monoxide poisoning due to a faulty furnace in the apartment she was renting in Casper, Wyo. Amber Lompe … The article $28M Verdi...
Fri, 24 Oct 2014 16:12:28 +0000
A Cascade County, Mont. jury has awarded $4.3 million in damages to a BNSF Railway employee who was injured in a July 2011 train collision caused by a switching error. The Great Falls Tribune reported conductor Michael Schnittgen was injured … The arti...
Fri, 24 Oct 2014 15:42:50 +0000
Texas Commissioner of Insurance Julia Rathgeber appointed Christina Ford of Red Oak to the Fair Access to Insurance Requirements (FAIR) Governing Committee. The commissioner also reappointed Georgia Neblett of Port Aransas, Ronald Lawson of Allen, and ...
Fri, 24 Oct 2014 15:38:27 +0000
Russell Staley stared out his broken windshield as darkness engulfed him and firefighters bearing chain saws cut through fallen trees to reach the passenger door of his tractor trailer. Staley had been heading north on Interstate 35 near Davis, Okla., ...
Fri, 24 Oct 2014 15:30:29 +0000
Jonesboro, Ark., police have arrested a man who they say handed an officer an insurance card covered in cocaine residue during a traffic stop. The Jonesboro Sun reports 31-year-old Shannon Ray of Jonesboro was charged with several drug charges. Office...
Fri, 24 Oct 2014 15:26:05 +0000
Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company’s 2014 third quarter, a 14.3 percent increase from $7.654 million net income one year ago. Total net premiums written for the third quarter were $147.8...
Fri, 24 Oct 2014 14:19:23 +0000
XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive.  Nadeau previously served as NAPC’s chief actuary. Nadeau ass...
Fri, 24 Oct 2014 14:05:37 +0000
Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of business to serve mid-size compan...
Fri, 24 Oct 2014 13:34:00 +0000
Officials in Adams County, Mississippi are expecting an insurance policy to cover the $165,000 allegedly embezzled from its juvenile justice center. Board of Supervisors Attorney Scott Slover tells The Natchez Democrat the insurance should cover 100 pe...
Fri, 24 Oct 2014 13:04:36 +0000
Calmer weather, rate increases, high account retention and lower expenses powered The Chubb Corp. to a what the firm’s CEO said was an “outstanding” third quarter. The New Jersey-based insurer reported that net income in the third quarter of 2014 … The...
Fri, 24 Oct 2014 12:10:43 +0000
The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to stem fossil-fuel emissions in the UN’s most extensive report on global warming. The appeals are detailed in … Th...
Fri, 24 Oct 2014 09:25:08 +0000
Willis North America, a unit of Willis Group Holdings, has appointed of Roger Hacala as senior vice president and financial institutions practice leader, Willis Canada. In this new role, Hacala will oversee the financial institutions practice within Wi...
Fri, 24 Oct 2014 08:54:59 +0000
A weak El Nino will probably develop by the year-end, according to MDA Weather Services. While sea-surface temperatures are warmer than normal across most areas in the tropical Pacific ocean, it still doesn’t qualify as an El Nino, Kyle Tapley, … The...
Fri, 24 Oct 2014 08:43:57 +0000
AXA SA’s Chief Financial Officer Gerald Harlin said the euro’s decline against the dollar should help earnings in coming quarters as France’s largest insurer posted nine-month sales that were little changed. Sales during first nine months of the ...
Fri, 24 Oct 2014 03:19:30 +0000
If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video game addiction into a life lesson about money. Minecraft, a video game phenomenon with over 100 million … The arti...
Fri, 24 Oct 2014 03:10:09 +0000
With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into the sector. Their solution: MyPath, an online … The a...
Fri, 24 Oct 2014 02:22:28 +0000
Specialty insurer RLI Corp. of Peoria, Ill., has launched a new healthcare liability unit, RLI Healthcare, and tapped Scott Ducey, former vice president of the healthcare division at Torus, to lead the new division as vice president. RLI Healthcare wil...
Fri, 24 Oct 2014 02:21:08 +0000
Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts traveling tonight are Pierre … The artic...
Fri, 24 Oct 2014 01:50:37 +0000
The National Collegiate Athletic Association’s bid for preliminary approval of its proposed $75 million plan to settle nationwide litigation over head injuries met with skepticism from a federal judge. The agreement announced in July would allow any ...
Fri, 24 Oct 2014 01:43:05 +0000
Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never … The article Florida Is Hot Spot...