August 18, 2017
Fri, 18 Aug 2017 19:06:31 +0000
The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2018 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.01 per $100 of payroll. That WCIRB’S proposed rate...
Fri, 18 Aug 2017 16:57:46 +0000
A deadly February 2017 industrial gas leak at a sperm bank in Augusta, Ga. was caused by the over-pressurization of a bulk storage tank, according to findings from an investigation by state inspectors released Thursday by Insurance and Safety Fire …
Fri, 18 Aug 2017 16:44:49 +0000
Gov. Mary Fallin has named Mark Liotta as chairman of the Oklahoma Workers’ Compensation Commission. Liotta, a former state representative from Tulsa, succeeds Robert Gilliland, whose term on the commission expires Aug. 25. Liotta’s appointment as chai...
Fri, 18 Aug 2017 16:40:37 +0000
An appeals court has voided an order that would have required Exxon Mobil to revise its pipeline safety procedures after a 2013 oil spill in Arkansas. The Pipeline and Hazardous Materials Safety Administration issued the order in 2015, and it …
Fri, 18 Aug 2017 16:38:03 +0000
Wisconsin officials say a state law prevents them from enforcing a fire sprinklers rule that fire officials say is one of the best ways to save lives. The 7-year-old rule requires sprinklers be installed into new apartment buildings that have …
Fri, 18 Aug 2017 16:36:36 +0000
A former Esurance call center worker in South Dakota is suing the insurance company alleging discrimination and harassment because he’s Jewish. The Argus Leader reports that Brandon Marshall filed the federal lawsuit on Aug. 15. Marshall claims his sup...
Fri, 18 Aug 2017 16:27:34 +0000
Gov. John Bel Edwards announced he wants to broaden Louisiana’s flood aid program to include homeowners whose flood insurance proceeds didn’t cover their rebuilding costs and to boost grant amounts. Initial limits setting homeowner eligibility for the ...
Fri, 18 Aug 2017 16:26:11 +0000
North Dakota Insurance Commissioner Jon Godfread has said that since taking office at the beginning of this year he has focused on ensuring the agency he runs is available and responsive to insurance consumers, producers and companies alike. As part …
Fri, 18 Aug 2017 16:06:30 +0000
Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will “bring European expertise and solutions” to the alternative energy, private public partnerships (P3s)...
Fri, 18 Aug 2017 15:59:12 +0000
Pennsylvania Governor Tom Wolf has selected Insurance Commissioner Teresa Miller to lead the state’s Department of Human Services, effective August 21. He simultaneously announced in an email to state employees that Jessica Altman will serve as Miller’...
Fri, 18 Aug 2017 15:13:28 +0000
With recreational marijuana use just months away from being legal in California, Los Angeles has appointed a so-called cannabis czar tasked with regulating the local pot industry. The Daily News reported the City Council voted unanimously this week to ...
Fri, 18 Aug 2017 15:10:00 +0000
A wrongful death lawsuit filed by the family of a man who died in an ambulance helicopter crash has been thrown out by a judge who said the case must go through California’s workers’ compensation death benefits program. The Fresno …
Fri, 18 Aug 2017 14:53:14 +0000
Brown & Riding has named Mike Boseman chief operating officer. Boseman is based out of the company’s Los Angeles, Calif. headquarters and will be responsible for strategic operations, including client and carrier development, enhancing information tech...
Fri, 18 Aug 2017 13:31:29 +0000
A lawsuit claims a suburban Philadelphia woman got an extra topping on her Chick-fil-A sandwich: a dead rodent. Ellen Manfalouti sued in Bucks County Court over the tiny rodent she claims was baked into the bottom bun of her chicken …
Fri, 18 Aug 2017 13:24:07 +0000
Carlton Fields has hired Alex B. Silverman to its New York office as an associate. Silverman will practice in the firm’s Property and Casualty Insurance practice group. Silverman represents insurance companies in complex risks and coverage-related disp...
Fri, 18 Aug 2017 13:10:43 +0000
New Day Underwriting Managers, a Hamilton, N.J.-based specialty intermediary of environmental and construction-related professional liability insurance coverages, has named Bill Webb assistant vice president in the Construction Division. As an expert i...
Fri, 18 Aug 2017 12:49:07 +0000
A.M. Best announced today that Manuel Agustin Calderón de las Heras has resigned from his position as managing director of A.M. Best América Latina to pursue other opportunities. Calderón de las Heras has been with A.M. Best for the last …
Fri, 18 Aug 2017 10:16:57 +0000
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled US$23 billion, while economic losses during the same period came to US$44 billion – an indication of the extent of the protection gap that …
Fri, 18 Aug 2017 08:06:00 +0000
XL Catlin announced the appointment of Louise Piper as UK Client and Distribution director, effective Sept. 1, 2017. In this role, Piper will be responsible for working with brokers and clients to ensure that XL Catlin continues to provide the …
Fri, 18 Aug 2017 07:46:42 +0000
A group led by Yunfeng Financial Group Ltd., the company backed by billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co. to add insurance products to the array of financial services it offers to …
Fri, 18 Aug 2017 06:36:07 +0000
A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a bad deal. Britain …
Fri, 18 Aug 2017 05:30:37 +0000
Five suspected terrorists were killed by police and six civilians were injured in a confrontation in a town south of Barcelona, hours after 13 people died when a van rampaged down the city’s iconic Las Ramblas avenue. One Catalan police …
Fri, 18 Aug 2017 05:00:54 +0000
Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation. “We have a …
Fri, 18 Aug 2017 05:00:17 +0000
Republican lawmakers in six states have pushed this year for legal protections for motorists who hit protesters blocking traffic. Fairly or not, they’re facing an intense backlash now that violent images of a car ramming into a crowd protesting a …
Fri, 18 Aug 2017 05:00:15 +0000
A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on Wednesday, two nonprofits said the …
Fri, 18 Aug 2017 04:31:12 +0000
A West Virginia city’s lawsuit against a drug company has led to a dispute over which is at fault in the opioid epidemic. The Charleston Gazette-Mail reported last week that one of the nation’s largest drug wholesalers is attempting to …
Fri, 18 Aug 2017 04:21:34 +0000
The head of the Florida agency that oversees state’s highway patrol insists troopers don’t have ticket quotas. Terry Rhodes on Tuesday told Gov. Rick Scott and members of the state Cabinet that her agency is reminding all supervisors that quotas …
Fri, 18 Aug 2017 02:03:40 +0000
Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …
Thu, 17 Aug 2017 21:56:47 +0000
The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report released this week from American Express and Dun & …
Thu, 17 Aug 2017 19:44:45 +0000
Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the Workers’ Compensation Insurance Rating Bureau. ...