June 27, 2019
Thu, 27 Jun 2019 13:04:52 +0000
A Maryland woman who says a tram dragged her along the Ocean City boardwalk is suing the popular vacation town for negligence. Mona and Gregory Jones are seeking $75,000 in response to the September 2017 accident. Court documents state Mona …
Thu, 27 Jun 2019 13:00:02 +0000
New Jersey’s environmental regulators have failed for nearly a decade to meet a legal requirement they provide a detailed written account for each year of enforcement actions against polluters of state waterways, the Associated Press has found. The Cle...
Thu, 27 Jun 2019 12:53:52 +0000
The Delaware Department of Insurance recently received notice of a data security breach suffered by Dominion National, an insurer and administrator of dental and vision benefits, that impacted 95,000 Delaware residents. On April 24, 2019, through its i...
Thu, 27 Jun 2019 12:00:52 +0000
Blackboard Insurance, an American International Group company, announced that John Mizzi will join the team as head of Growth and Underwriting. Mizzi will lead the underwriting team as Blackboard expands its use of data, analytics and technology to ser...
Thu, 27 Jun 2019 12:00:36 +0000
The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and higher net investment income, ratin...
Thu, 27 Jun 2019 12:00:32 +0000
The U.S. Supreme Court on Wednesday constrained the power of federal agencies, scaling back a legal doctrine that calls for judges to give agencies deference to interpret their own rules but declining to eliminate it as four conservative justices wante...
Thu, 27 Jun 2019 10:14:30 +0000
The Federation of European Risk Management Associations (FERMA) has chosen as its next President Dirk Wegener, global head of Corporate Insurance for Deutsche Bank Group and a member of the German risk management association GVNW. Wegener, who is curre...
Thu, 27 Jun 2019 09:57:15 +0000
A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe’s largest economy. State authorities are reducing speed...
Thu, 27 Jun 2019 09:02:27 +0000
Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark. Cyber attacks are in focus after …
Thu, 27 Jun 2019 08:49:27 +0000
Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and subject to necessary regulatory approvals. He is succeeding Jayne Plunkett, who has decided to pursue career opport...
Thu, 27 Jun 2019 08:31:24 +0000
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, the world’s second-largest reinsurance company, set …
Thu, 27 Jun 2019 05:59:54 +0000
With Republicans firmly opposed to a 45-cents-a-gallon fuel tax hike, Democratic lawmakers want businesses to do more to help fix the roads. A new $1.2 billion proposal from House Democrats would raise the state’s corporate tax, create a new 6-cents-a-...
Thu, 27 Jun 2019 05:37:24 +0000
The National Weather Service says storm-related damage indicates that a rare tornado touched down in West Virginia. The weather service tweeted that a tornado hit the Alum Creek area Monday night along U.S. Route 119 southwest of Charleston. A survey …
Thu, 27 Jun 2019 05:26:18 +0000
The Florida Legislature looked at and passed many pieces of legislation in the 2019 session that will impact the insurance industry. The following are summaries of what passed — and what didn’t. What Passed HB 7065 – AOB Reform Provides …
Thu, 27 Jun 2019 05:00:15 +0000
The U.S. Federal Aviation Administration has identified a new risk that Boeing Co. must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday. The risk was discovered during a simulator test …
Thu, 27 Jun 2019 04:37:03 +0000
An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had been violated, the …
Wed, 26 Jun 2019 20:06:06 +0000
Lilibeth Brulotte, a former Washington insurance agent, pleaded guilty in Pierce County Superior Court to third-degree theft in connection with writing fake auto insurance policies. Brulotte’s sentence was deferred for two years and will be dismissed i...
Wed, 26 Jun 2019 19:00:25 +0000
The Supreme Court has ruled that an injured merchant seaman can’t seek punitive damages based on the common-law maritime claim of unseaworthiness. The ruling settled a difference of opinion in the courts over whether punitive damages are available for ...
Wed, 26 Jun 2019 18:27:36 +0000
The Workers’ Compensation Insurance Rating Bureau of California on Wednesday submitted a Jan. 1, 2020, regulatory filing to the California Insurance Commissioner. The filing contains the following proposals: Amendments to the California Workers’ Compen...
Wed, 26 Jun 2019 18:22:52 +0000
Third Point Reinsurance Ltd. has entered into a relationship with Noblr Inc. through a combination of a minority equity investment and reinsurance, the company announced. Terms of the deal weren’t disclosed. San Francisco, Calif.-based Noblr is a techn...
Wed, 26 Jun 2019 16:57:48 +0000
The U.S. Supreme Court on Monday agreed to hear a bid by Georgia lawmakers to win federal copyright protection for an annotated version of the state’s legal code and to decide whether state and local governments can sue people who …
Wed, 26 Jun 2019 16:51:29 +0000
A federal judge in Texas has sanctioned a Philadelphia-based law firm for knowingly violating court orders and ignoring a subpoena to produce documents relevant to lawsuits filed by 15 women against Baylor University. U.S. District Judge Robert Pitman ...
Wed, 26 Jun 2019 16:38:10 +0000
Most of a $1.25 million settlement will go to residents of a mid-Michigan city who sued after sewage flooded their basements six years ago. The Lansing State Journal reported that the Lansing City Council agreed to the settlement, which allows …
Wed, 26 Jun 2019 16:35:34 +0000
A woman accused of setting fire to a bar she was buying in central Nebraska has taken a plea deal. Custer County District Court records say 54-year-old Jane Chestnutt pleaded guilty last week to criminal mischief and attempted arson. Prosecutors …
Wed, 26 Jun 2019 16:26:54 +0000
A new federally led study of oil seeping from a platform toppled off Louisiana’s coast 141/2 years ago found releases lower than other recent estimates, but contradicts the well owner’s assertions about the amount and source of oil. Oil and …
Wed, 26 Jun 2019 16:23:40 +0000
Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of insurance fraud and conducting a “Ponzi” scheme targeting elderly consumers. The Ohio Department of Insurance reported t...
Wed, 26 Jun 2019 16:20:37 +0000
Louisiana Insurance Commissioner Jim Donelon says insurance discounts and benefits are available in the state for active duty service members and veterans of the United States Armed Forces both during and after their tour of duty. The following benefit...
Wed, 26 Jun 2019 14:29:07 +0000
The family of a Washington man who died in a house fire has filed a lawsuit against a public utility. The Everett Herald reported that the family of 93-year-old Glen Allen filed the wrongful death lawsuit against the Snohomish County …
Wed, 26 Jun 2019 14:25:38 +0000
Climate change in the Western U.S. means more intense and frequent wildfires churning out waves of smoke that scientists say will affect tens of millions of people and cause premature deaths to spike. That’s prompting people in cities and rural …
Wed, 26 Jun 2019 14:20:59 +0000
A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. …