November 19, 2018
Coming Soon!
Mon, 19 Nov 2018 14:29:39 +0000
The company at the center of the natural gas explosions in Massachusetts in September says it has restored gas service to about 60 percent of affected homes, but nearly 1,760 families remain in temporary housing. The Sept. 13 blasts in …
Mon, 19 Nov 2018 14:11:12 +0000
Once again the fate of the nation’s flood insurance program is coming down to the wire. Authorization for the program is set to expire Friday, Nov. 30 unless Congress acts. The most likely action will be another short-term extension. Sens. …
Mon, 19 Nov 2018 14:07:16 +0000
The superintendent of the new entity charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations says he’s within weeks of shutting down if state bonding isn’t released. Michael Maglaras told members of several le...
Mon, 19 Nov 2018 13:39:24 +0000
The whistleblower who revealed suspected money laundering involving Danske Bank said on Monday that two major U.S. and one European banks were among several which had helped process suspicious payments. Payments totaling 200 billion euros ($228.5 billi...
Mon, 19 Nov 2018 13:12:10 +0000
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament on Monday. HOW BIG A SCANDAL IS THI...
Mon, 19 Nov 2018 10:53:56 +0000
Brit Ltd., the specialty insurer and reinsurer, announce the launch of Sussex Capital UK PCC Ltd., a new multi-arrangement insurance special purpose vehicle (MISPV). Sussex Capital UK is the first transformer vehicle to be given permission by the Prude...
Mon, 19 Nov 2018 09:45:11 +0000
Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding. The Chinese behemoth’s $1 billion-Global Voyager Fund led the ...
Mon, 19 Nov 2018 09:21:27 +0000
China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, people with direct knowledge of the matter said. The regula...
Mon, 19 Nov 2018 06:00:32 +0000
AutoNation Inc., the country’s largest automotive retailer, has announced a partnership with Fair, a digital subscription service, that will allow consumers to lease used vehicles on a month-to-month basis rather than buying them. Consumers can shop an...
Mon, 19 Nov 2018 06:00:22 +0000
CREST Insurance Group LLC of Arizona has named Cristina Baena president of the employee benefits division. Baena will be overseeing 32 employees from the Tucson, Scottsdale, Sierra Vista, Flagstaff, as well as San Diego, Calif., and Denver, Colo., offi...
Mon, 19 Nov 2018 06:00:21 +0000
State insurance regulators have elected new officers of the National Association of Insurance Commissioners (NAIC). The following officers will assume their duties on Jan. 1, 2019: President: Maine Insurance Superintendent Eric A. Cioppa. Cioppa joined...
Mon, 19 Nov 2018 06:00:02 +0000
U.S. medical professional liability insurers reported an underwriting loss again last year, according to Fitch Ratings in a new report that says the results are drawing more scrutiny around reserves that are shrinking. For the second consecutive year, ...
Mon, 19 Nov 2018 06:00:01 +0000
Cryptocurrency and blockchain entities may seem like a hot market for insurance agents looking to specialize, but right now there are not many insurers willing to write it. Before jumping in, agents would be wise to consider partnering with a …
Mon, 19 Nov 2018 05:59:28 +0000
A federal report shows Hurricane Florence broke records in a key flooding measure at more than two-dozen stream gauges in the Carolinas. The U.S. Geological Survey released a report Nov. 13 on streamflow, which measures how much water passes a …
Mon, 19 Nov 2018 05:28:43 +0000
A judge says the man charged with killing four people at a Tennessee Waffle House is liable in a $100 million wrongful death lawsuit filed by a victim’s mother. News outlets report a Davidson County Circuit Court judge found 29-year-old …
Mon, 19 Nov 2018 05:13:14 +0000
About 1,100 doctors in Georgia have not signed up for a program to monitor opioid use. The Atlanta Journal-Constitution reported doctors were supposed to sign up by Jan. 1 for the state’s prescription drug monitoring program. The doctors were supposed …
Fri, 16 Nov 2018 22:22:49 +0000
A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high or extreme risk of wildfire damage within the perimeters of the Camp Fire in Northern California and the Woolsey Fire …
Fri, 16 Nov 2018 17:55:36 +0000
Troy, Missouri-based Town and Country Insurance Agency has hired Angie Delle as a Medicare specialist and producer. Delle will handle everything from Centers for Medicare & Medicaid Services (CMS) compliance and field underwriting to customer service a...
Fri, 16 Nov 2018 17:48:39 +0000
Snow arrived early in eastern Missouri this year, forcing hundreds of schools and many businesses to close on Nov. 15 and causing numerous traffic accidents. The snowstorm moved into the region Wednesday night and had dumped 4-6 inches (10-15 centimete...
Fri, 16 Nov 2018 17:39:01 +0000
At its recent annual meeting, the Texas Surplus Lines Association Inc. elected Matt Leicht, owner/underwriter at the Houston-based wholesale insurance firm, Craig & Leicht, as the group’s president. Jennifer Mier, executive vice president with AmWINS G...
Fri, 16 Nov 2018 17:37:45 +0000
British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of …
Fri, 16 Nov 2018 17:28:30 +0000
A Michigan man who pled guilty to participating in a multi-state staged auto accident/insurance fraud scheme has been sentenced to prison, according to the United States Attorney’s Office. Marvin David Ramirez, 45, of Grand Rapids, Michigan, was senten...
Fri, 16 Nov 2018 17:18:20 +0000
A Houston company has recalled nearly 3.5 tons (2.72 metric tons) of ready-to-eat chicken salad that regulators say may be contaminated with listeria. The U.S. Department of Agriculture on Nov. 14 announced the recall by Ron’s Home Style Foods. The …
Fri, 16 Nov 2018 17:15:38 +0000
Mel Anderson, deputy commissioner at the Arkansas Insurance Department (AID), has received the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance from the National Association of Insurance Commissioners (N...
Fri, 16 Nov 2018 15:55:07 +0000
S&P Global Ratings expects both the primary insurers and reinsurers to be able to absorb losses from the California wildfires, limiting them to an earnings event. However, the mounting bills from more frequents large wildfires in the state against a …
Fri, 16 Nov 2018 15:30:40 +0000
CREST Insurance Group LLC of Arizona has named Heather Perrin chief operations officer. Perrin will reside at the company headquarters located in Tucson, Ariz., and will oversee operations at the Arizona branches located in Scottsdale, Flagstaff, and S...
Fri, 16 Nov 2018 15:23:06 +0000
A California judge has granted an expedited trial in the case of a California couple suffering from cancer who sued Bayer AG’s Monsanto unit, alleging the company’s glyphosate-containing weed killer Roundup caused their disease. The order by Superior C...
Fri, 16 Nov 2018 15:02:07 +0000
The owner, doctor and attorney involved with a medical clinic in Brooklyn, N.Y., have been charged for their alleged participation in a $1 million auto insurance fraud scheme. New York State Attorney General Barbara D. Underwood announced a 61-count in...
Fri, 16 Nov 2018 14:59:41 +0000
Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk Solutions Distribution, said in a s...
Fri, 16 Nov 2018 14:53:54 +0000
Deutsche Bank AG and Bank of America Corp. have been contacted by U.S. criminal investigators for information about transactions they handled for a small bank branch in Estonia that’s at the center of one of the biggest money-laundering investigations ...