Tue, 31 May 2016 18:35:51 +0000
An attorney representing mechanics for a school bus company says the company has agreed to pay $11.5 million to settle a California lawsuit claiming they used unsafe buses to transport San Francisco students. The San Francisco Chronicle reports that two …
Tue, 31 May 2016 18:00:00 +0000
Portland, Ore. officials have released a map and database showing about 1,800 unreinforced masonry buildings that may be vulnerable to shaking during an earthquake if they are not structurally retrofitted. These buildings were generally constructed bef...
Tue, 31 May 2016 16:55:47 +0000
Connecticut’s health insurance marketplace is helping up to 18,000 people who no longer qualify for Medicaid health coverage to enroll in private insurance plans. Access Health CT says it will begin reaching out on June 2 to help enrollees find …
Tue, 31 May 2016 16:34:00 +0000
The operator of a Kentucky spelunking attraction says he is analyzing what happened last week after 19 people barely escaped a flooded cave by trudging through neck-deep water to reach the caverns only exit. David Foster, executive director of the …
Tue, 31 May 2016 16:25:44 +0000
Heavy rains from Tropical Depression Bonnie dissipated over South Carolina on Monday, as a wet Memorial Day holiday weekend came to an end in the area. The depression fell apart early in the day about 45 miles north of Charleston, …
Tue, 31 May 2016 16:20:25 +0000
New York City plans to start enforcing a first-of-its-kind requirement for chain restaurants to use icons to warn patrons of salty foods after getting an appeals court’s go-ahead on May 26 to start issuing fines. But it’s not the final …
Tue, 31 May 2016 16:03:22 +0000
Federal safety and health investigators say employees of an Ohio gun shop may face life-long health damage because their employer continues to expose them to lead hazards and has failed to establish a respiratory protection program. The U.S. Department...
Tue, 31 May 2016 16:02:14 +0000
Pennsylvania’s insurance regulators are starting a review of health plans for coverage next year through the federal marketplaces, including several that seek premium increases in excess of 40 percent. The Pennsylvania Department of Insurance said the ...
Tue, 31 May 2016 15:54:30 +0000
Ride-hailing company Uber is asking Pennsylvania’s utility regulators to reconsider the record-setting $11.4 million fine they issued against it. The Public Utility Commission fined San Francisco-based Uber in April for operating in Pennsylvania for si...
Tue, 31 May 2016 15:42:29 +0000
Authorities in central Texas have found two more bodies along flooded streams, bringing the death toll from flooding in the state to six. It was unclear Sunday whether a body found in Travis County near Austin was one of the …
Tue, 31 May 2016 15:35:34 +0000
Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointments of Mike Toppi as global head of Surety Risk and Paul Sanders as global head of Credit & Political Risk. These appointments are part of …
Tue, 31 May 2016 15:33:47 +0000
The U.S. Federal Reserve will hold an open meeting this coming Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The central bank’s announcement last Friday came a week …
Tue, 31 May 2016 15:18:57 +0000
California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective July. This is a 10.5 percent reductio...
Tue, 31 May 2016 15:08:47 +0000
VALE Insurance Partners has acquired 100 percent of the assets of San Francisco, Calif.-based Onyx Transportation Services LLC, the program administrator for Onyx Insurance Company Inc., a risk retention group specializing in the transportation industr...
Tue, 31 May 2016 15:07:15 +0000
Property/casualty insurer Zurich has named Dave Anderson to be head of Credit & Political Risk, effective immediately. A 14-year veteran of Zurich, Anderson since 2012 has been global business development director for Credit & Political Risk. In his ne...
Tue, 31 May 2016 14:46:03 +0000
The Sompo group companies have launched a model for evaluating risks to onshore and offshore wind farms. The model, which provides key pricing and cat modeling data for insuring the construction and operation of wind turbines, was created by Sompo Jap...
Tue, 31 May 2016 14:12:07 +0000
The U.S. Supreme Court on Tuesday agreed to hear an appeal by State Farm contesting a jury finding that the insurance company defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005 along the Gulf of Mexico …
Tue, 31 May 2016 13:04:42 +0000
Trade representatives for the United States and the European Union, who met May 24 and 25 to negotiate a bilateral covered agreement on regulations for insurers and reinsurers, on Friday issued a joint statement indicating they have not reached a …
Tue, 31 May 2016 10:48:47 +0000
Canadian pop star Justin Bieber and the co-writers of his 2015 smash hit “Sorry” are being sued for allegedly stealing a vocal riff from another artist who said she used it on her own song a year earlier. In a …
Tue, 31 May 2016 10:43:45 +0000
American drivers logged a record number of miles in the first three months of the year, as travel rose 4.2 percent to 746 billion miles, the U.S. Transportation Department said on Friday. In March this year, Americans drove 273.4 billion …
Tue, 31 May 2016 09:59:08 +0000
Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new branch based in Hong Kong, Nexus Underwriting Asia (HK) w...
Tue, 31 May 2016 09:04:45 +0000
Delta Lloyd NV started selling its entire 30.2 percent stake in wealth manager Van Lanschot NV as part of the insurer’s plan to boost capital. A total of 11.3 million existing depository receipts of Van Lanschot are on sale at …
Tue, 31 May 2016 08:47:28 +0000
Controversial cyber security regulations for China’s insurance industry, now before the World Trade Organization (WTO), could soon take effect despite efforts by foreign business groups to persuade Beijing to change tack. Those groups say the draft mea...
Tue, 31 May 2016 05:56:18 +0000
Florida businesses could soon be paying almost 20 percent more for workers’ compensation coverage. In response to a recent decision from the Florida Supreme Court, the National Council on Compensation Insurance (NCCI) filed a 17.1 percent rate increase...
Tue, 31 May 2016 05:42:45 +0000
The independent insurance agency network, Combined Agents of America LLC (CAA), has elected Mack Purifoy to serve as president for the coming year and secretary David Wellmann to serve as secretary. Purifoy owns Purifoy & Company Insurance in Temple, ...
Tue, 31 May 2016 05:20:56 +0000
  South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina Insurance Director Raymond Farmer hopes ...
Tue, 31 May 2016 01:05:30 +0000
The state’s insurance department is taking over a company that provides health insurance to nearly 22,000 residents, mainly in central Ohio. The move affects those holding InHealth Mutual policies from Coordinated Health Mutual Inc. The suburban Columb...
Tue, 31 May 2016 01:02:39 +0000
Health insurance companies would no longer be able to raise rates for Affordable Care Act consumers in Missouri without review by a state agency under a measure awaiting the governor’s signature. Advocates say the change is long overdue. Missouri is …
Tue, 31 May 2016 00:58:10 +0000
A former Oklahoma insurance executive has been chosen to head the Louisiana Citizens Property Insurance Corp., the state’s property insurer of last resort. Richard Newberry has been named the new chief executive officer. The Advocate reports state Insu...
Mon, 30 May 2016 22:48:53 +0000
Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich’s finance chief took his own life. Senn, 59, shot himself at his …