January 22, 2018
Coming Soon!
Mon, 22 Jan 2018 09:51:33 +0000
Women are more likely than men to be knocked out of their U.S. jobs by automation in the next eight years, and they’ll find half as many opportunities to land new positions unless there’s a new effort to retrain them. …
Mon, 22 Jan 2018 09:14:10 +0000
SoftBank Group Corp. is nearing a deal to invest about $400 million in Ping An Insurance (Group) Co.’s health-care portal ahead of the Chinese company’s initial public offering, people with knowledge of the matter said. The Ping An unit, known …
Mon, 22 Jan 2018 06:44:46 +0000
An Empire, Louisiana, man has pleaded guilty to defrauding the BP Deepwater Horizon oil rig explosion settlement compensation fund, the U.S. Attorney’s Office for the Eastern District of Louisiana announced. U.S. Attorney Duane A. Evans said Tony Riley...
Mon, 22 Jan 2018 06:40:41 +0000
A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF) in Eureka, South Dakota. The ratings …
Mon, 22 Jan 2018 06:37:04 +0000
Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders with broken water pipes. The ...
Mon, 22 Jan 2018 06:32:55 +0000
Declining numbers in a new monthly survey of bankers suggests the economy remains weak in rural parts of 10 Plains and Western states. The overall economic index for the region dropped to 46.8 this month, compared with the December reading …
Mon, 22 Jan 2018 06:29:54 +0000
Michigan State University has agreed to allow white nationalist Richard Spencer to speak on campus during spring break. The deal says Spencer can appear on March 5, but he’ll be at the livestock pavilion auditorium, away from the heart of …
Mon, 22 Jan 2018 05:54:35 +0000
Two Republican lawmakers have introduced legislation to make medical marijuana legal in Tennessee, but only in oil-based products. Sen. Steve Dickerson of Nashville and Rep. Jeremy Faison of Cosby announced the bill’s filing Thursday amid wide support ...
Mon, 22 Jan 2018 05:52:04 +0000
A South Carolina school district has sued an insurance brokerage and several insurance companies, saying the district was sold excessive policies and charged too much. The Berkeley County School District filed suit in U.S. District Court, seeking more ...
Mon, 22 Jan 2018 05:00:23 +0000
Privately held independent insurance broker Lockton named Matt DiGregorio as a senior vice president in its South Florida operation. DiGregorio will advise clients in private equity, real estate and other industries on employee benefits programs. He wi...
Fri, 19 Jan 2018 17:49:09 +0000
The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report. Commercial auto has been a sore spot in the property/casualty for several years. Commercial auto insurers hav...
Fri, 19 Jan 2018 17:36:22 +0000
Commercial construction climbed to another record-breaking year in Sioux Falls. Building permits issued in 2017 for commercial projects reached $739 million. City leaders say it’s the fifth year in a row that construction has reached record-breaking le...
Fri, 19 Jan 2018 17:35:00 +0000
Officials at a northern Oklahoma air force base are asking the public to keep recreational drones away from aircraft after a near collision on a training flight. Lt. Col. Eric Schmidt works at Vance Air Force Base. He told the …
Fri, 19 Jan 2018 17:30:33 +0000
Columbus, Ohio-based insurer, Nationwide, announced that Chief Information Officer Michael Keller will retire from his role later this year. Keller has been the CIO for Nationwide since 2001. The company anticipates it will name Keller’s successor some...
Fri, 19 Jan 2018 16:38:13 +0000
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc (JLT), the global specialist risk advisor and broker, has chosen Chicago as its U.S headquarters. The company said it has seen impressive growth over the last three years …
Fri, 19 Jan 2018 15:51:08 +0000
Four San Francisco Bay Area residents who say they were injured by protesters during a riot ahead of a speech by a right-wing provocateur at the University of California, Berkeley filed a lawsuit against the university and the city, their …
Fri, 19 Jan 2018 14:47:59 +0000
To support growth within the Georgia market, workers’ compensation specialist The MEMIC Group has announced the promotion of Ben Cavallaro to the position of production underwriter. A native of Portland, Maine, and resident of Alpharetta, Ga., Cavallar...
Fri, 19 Jan 2018 14:22:23 +0000
Some drivers in Maine say their vehicles were damaged when they purchased fuel that was in the wrong pumps at a gas station. The Kennebec Journal reports all of the drivers filled their tanks at a Mobil station in Waterville …
Fri, 19 Jan 2018 14:18:46 +0000
Investigators are working to determine the cause of a fire that broke out at a New Hampshire strip mall. Fire officials say none of the stores were open at the time and there were no injuries. WMUR-TV reports firefighters responded …
Fri, 19 Jan 2018 14:01:39 +0000
Lockton, a privately held, independent insurance broker, has hired JoAnne Steed in its South Florida operation as a senior account executive. In this role, Steed will be based in Lockton’s Miramar, Fl., office. She will be responsible for client strate...
Fri, 19 Jan 2018 13:58:13 +0000
Coverys, a Boston, Mass.-based medical professional liability insurance provider, has announced its investment in two separate organizations, Knowledge Diffusion Inc. (Osmosis) and Pack Health LLC (Pack Health). Osmosis is a medical and health educatio...
Fri, 19 Jan 2018 13:43:13 +0000
The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition to setting a new benchmark in premium...
Fri, 19 Jan 2018 11:48:20 +0000
Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint managing directors of the new operat...
Fri, 19 Jan 2018 11:05:39 +0000
Britain’s vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London’s policy chief told Reuters, in remarks that will boost supporters of leaving the EU who say the threat has been …
Fri, 19 Jan 2018 10:48:48 +0000
Lebanon’s intelligence service may have turned the smartphones of thousands of targeted individuals into cyber-spying machines in one of the first known examples of large-scale state hacking of phones rather than computers, researchers say. Lebanon’s G...
Fri, 19 Jan 2018 10:10:20 +0000
The U.S. government and MetLife Inc. announced on Thursday they would jointly seek to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system. MetLife and the Financial Stability Oversig...
Fri, 19 Jan 2018 09:53:31 +0000
American International Group (AIG) announced that Ed Barron will join the company as head of International Government Affairs, effective March 2018. In this new role, Barron will be responsible for developing a cohesive, global perspective and engageme...
Fri, 19 Jan 2018 09:25:28 +0000
U.S. banks are facing a growing threat from cyber attackers and making defense against them more complex by relying on third-party firms for support, according to a report released Thursday by Joseph Otting, the Trump administration appointee who took ...
Fri, 19 Jan 2018 09:18:48 +0000
RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial terms. RenaissanceRe will pursue the investment through...
Fri, 19 Jan 2018 08:40:06 +0000
The insurance protection gap in developing nations is being filled by a growing group of microinsurers, which provide coverage that ranges from life and health insurance, to crop insurance, to property protection after natural disasters. It is all aime...