April 18, 2019
Thu, 18 Apr 2019 10:53:16 +0000
Two New York state contractors were arrested on charges they filed fraudulent applications for a roofing project in Amsterdam, N.Y., as part of a workers’ compensation fraud scheme. Jose A. Sanchez, owner of Sanchez Partners Construction, was charged w...
Thu, 18 Apr 2019 10:12:25 +0000
Vermont state and local officials are assessing damage from flooding caused by heavy rains and snowmelt that led to road closures, some evacuations and a rescue from a flooded parking lot. Some roads remained closed Tuesday, but most of the …
Thu, 18 Apr 2019 10:02:37 +0000
Some Connecticut condominium associations with crumbling foundations can seek financial help from the captive insurance company that’s been helping owners of stand-alone homes. Michael Maglaras, superintendent of the Connecticut Foundation Solutions In...
Thu, 18 Apr 2019 09:57:11 +0000
A wave of satellites set to orbit the Earth will be able to pinpoint producers of greenhouse gases, right down to an individual leak at an oil rig. More than a dozen governments and companies have or are planning to …
Thu, 18 Apr 2019 09:26:19 +0000
Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3 2019, the deal will result in the …
Thu, 18 Apr 2019 08:17:36 +0000
Everest Insurance Ireland, dac (EIID), a part of the Everest Insurance international platform, has opened a branch office in the United Kingdom. EIID was established in 2017 and is led by CEO Linda Ryan, who manages the strategy and operational …
Thu, 18 Apr 2019 05:19:22 +0000
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a+” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Alfa Insurance Group. In addition, AM Best has downgraded the Long-Term …
Thu, 18 Apr 2019 05:08:34 +0000
Officials with scenic Natchez Trace Parkway are reminding motorists that the roadway is designed for leisurely drives and not interstate-style speeds. Chief Ranger Sarah Davis says in a news release that actions are being taken to decrease accidents on...
Thu, 18 Apr 2019 05:00:51 +0000
Authorities in several states are warning about an alleged scam in which people visit senior-living communities and low-income neighborhoods, offering to perform DNA tests and collecting information from people in government health programs. The allege...
Thu, 18 Apr 2019 05:00:43 +0000
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move led …
Thu, 18 Apr 2019 05:00:20 +0000
Facebook Inc. will seek to block disclosures from years’ worth of privacy reports it submitted to the U.S. Federal Trade Commission, according to filings in a lawsuit seeking the release of information in the documents. Facebook plans to intervene in …
Thu, 18 Apr 2019 04:53:04 +0000
SUNZ Holdings, LLC, based in Bradenton, Fla., has appointed John Sells to the position of chief information officer. Sells will be in charge of IT initiatives and enterprise systems with a focus on digital transformation and deep usage of data …
Thu, 18 Apr 2019 04:24:54 +0000
A bill the Florida insurance industry says will help reign in assignment of benefits abuse that is plaguing the state and raising insurance costs has passed its final committee in the Florida Senate and is now headed to the full …
Thu, 18 Apr 2019 01:49:28 +0000
Some 90 percent of the priceless relics and art works housed within the Notre-Dame de Paris cathedral were saved from Monday’s devastating fire as contingency plans to evacuate the treasures worked, a leading insurance adjuster said on Wednesday. Insur...
Wed, 17 Apr 2019 20:13:46 +0000
PCF Insurance Services has completed the acquisition of Grosslight Insurance Inc., headquartered in the Westwood neighborhood of Los Angeles, Calif. Terms of the deal were not disclosed. Grosslight Insurance, with offices in Westwood and Rancho Cucamon...
Wed, 17 Apr 2019 20:10:10 +0000
La Jolla, Calif.-based Palomar Holdings Inc. this week announced the pricing of its initial public offering of its common stock at a price of $15 per share and in its first day of trading on Wednesday it had at one …
Wed, 17 Apr 2019 16:54:14 +0000
The Vertafore technology users network, NetVU, has named Linda Dodson as executive director. Dodson’s career has included work in an insurance agency and with agency carriers. She began her insurance career with Rand Insurance Inc. in Riverside, Connec...
Wed, 17 Apr 2019 16:49:27 +0000
Everest Insurance has launched Everest Alpine Insurance – an enhanced version of its Multinational coverage form. Everest Alpine Insurance offers clients with international exposures a combination of the following six lines of coverage: general liabi...
Wed, 17 Apr 2019 16:46:14 +0000
Over a three-year period between 2016 and 2018, the Missouri Department of Insurance received almost 8,000 complaints against companies providing selected lines of insurance, according to a report recently released by the department. Seven lines of bus...
Wed, 17 Apr 2019 16:33:08 +0000
A new report shows that in 2017, Michigan’s insurance industry made an economic contribution of more than $38 billion to the state’s economy. The report released by Insuring More for Michigan also shows that more than 80,000 individuals were directly …
Wed, 17 Apr 2019 16:26:22 +0000
Tyler, Texas-based medical providers, Pulmonary Specialists of Tyler and Sleep Health, will pay $30,000 to settle a disability discrimination lawsuit brought by federal regulators. According to the lawsuit filed by U.S. Equal Employment Opportunity Com...
Wed, 17 Apr 2019 16:17:03 +0000
Distinguished Programs, a national insurance program manager headquartered in New York, has acquired Minneapolis, Minnesota-based ProHost USA, a specialty insurance program for restaurants and related risks. Distinguished currently offers umbrella cove...
Wed, 17 Apr 2019 16:14:18 +0000
More than a year and a half after Hurricane Harvey slammed into Texas, killing dozens, the state is still waiting on billions in federal recovery dollars. In the meantime, Texas lawmakers are looking to prepare the state — the most …
Wed, 17 Apr 2019 15:09:33 +0000
The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business interruption risk, are turning to the c...
Wed, 17 Apr 2019 14:51:37 +0000
Pennsylvania Insurance Commissioner Jessica Altman has announced that her department, along with a working group of stakeholders, will this summer hold the Pennsylvania NextGen Insurance Academy to provide college students with an up-close look at vari...
Wed, 17 Apr 2019 14:35:48 +0000
Alliant has hired Pat Walsh as executive vice president. In this role, the White Plains, N.Y.-based industry veteran will service a portfolio of clients that includes regional, national and international corporations. Walsh has a concentration in globa...
Wed, 17 Apr 2019 14:25:46 +0000
A Montana Senate committee has revived a bill to strengthen DUI laws by including it in a budget companion bill. The DUI bill, requested by Attorney General Tim Fox, was tabled by a House committee. Republican Sen. Keith Regier earlier …
Wed, 17 Apr 2019 14:23:55 +0000
California regulators expressed skepticism that Pacific Gas & Electric Corp.’s new leaders have enough professional experience to instill the deep corporate culture of safety they say the company has lacked. The utility has been blamed for more than a ...
Wed, 17 Apr 2019 14:16:13 +0000
Meeker Sharkey & Hurley has appointed Carrie-Ann Crockett as vice president of Personal Lines to lead the insurance agency’s team of personal line professionals providing home, auto and additional specialized coverage. The agency is a provider of emplo...
Wed, 17 Apr 2019 14:05:44 +0000
In March of 2017, the New York Department of Financial Services (DFS) implemented 23 NYCRR §500 (NY Reg. 500). In doing so, it became the first state regulatory authority to impose regulations that address cybersecurity concerns applicable to insuranc...