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3 Storm Chasers Die in West Texas Crash
Storms that bore down on Southern Plains states brought powerful winds that upended a tractor-trailer on an Oklahoma interstate, killing the driver, while three storm chasers died in a collision as they raced toward a tornado-warned storm in West Texas, …

POSTED MARCH 30, 2017 4:21 PM
Insurance Trade Group: Illinois Workers’ Comp Bill Unnecessary, ‘Burdensome’
A national trade association representing property/casualty insurers has come out against a proposed bill in Illinois that will create what group says are “burdensome and duplicative workers’ compensation regulations.” The synopsis of Illinois House Bill 2645 states that the bill …

POSTED MARCH 30, 2017 4:04 PM
Texas Businesses Divided on High-Priority Insurance Bill
This article originally appeared in the Texas Tribune. Weeks after major business interests blasted legislation that would make it harder for property owners to sue insurance companies over weather-related damages, other high-profile business interests are lining up in support of …

POSTED MARCH 30, 2017 3:49 PM
Credit Card ‘Skimming’ Devices Found at Louisiana Gas Stations
Fifteen credit card “skimming” devices have been found on gasoline pumps in different parts of Louisiana in the past month, state Secretary of Agriculture Mike Strain said. The devices are used by thieves to steal credit card information from motorists. …

POSTED MARCH 30, 2017 3:46 PM
Michigan Senate OKs Bill Authorizing Theft Fees on Commercial Trucks
Michigan state senators have approved legislation that could allow the Automobile Theft Prevention Authority to assess small fees on commercial vehicles, not just private passenger vehicles. Under current law, auto insurers pay $1 a year per insured car. State Attorney …

POSTED MARCH 30, 2017 3:44 PM
RLI Promotes McLaughlin to VP, Chief Claim Counsel; Casey to Retire
Peoria, Ill.-based specialty insurer RLI Corp. is promoting Betsy McLaughlin to vice president, chief claim counsel, effective April 1. McLaughlin is assuming the responsibilities of Brian J. Casey, retires on March 31. Casey will continue to serve in an advisory …

POSTED MARCH 30, 2017 3:42 PM
Volkswagen Reaches Another Diesel Claims Settlement with 10 States for $157 Million
Volkswagen AG said Thursday it has agreed to settle environmental claims from 10 U.S. states over its excess diesel emissions for $157.45 million as the world’s largest automaker looks to move past the scandal. The German automaker settlement covers states …

POSTED MARCH 30, 2017 2:42 PM
Lack of Markings Caused 2016 Fatal California Bus Crash, Report Shows
Federal investigators say inadequate highway markings caused a fatal Greyhound bus crash in California last year that killed two people and injured 13 others, including the driver. The National Transportation Safety Board said in a report Tuesday that the lack …

POSTED MARCH 30, 2017 2:27 PM
The Similarities Between 2 Deadly Oakland Fires Are Striking
The similarities between two deadly Oakland, Calif. fires that occurred nearly four months apart are striking: Each involved a dangerously dilapidated building with an absentee landlord and renters desperate for affordable housing in the expensive San Francisco Bay Area. The …

POSTED MARCH 30, 2017 2:20 PM
The Hartford Names Tooker as Head of Middle Market Segment
The Hartford has named A. Morris “Mo” Tooker, currently chief underwriting officer, as head of its Middle Market segment. Tooker remains chief underwriting officer for the company’s property/casualty businesses and continues to report to Doug Elliot, president of The Hartford. …

POSTED MARCH 30, 2017 2:19 PM
California City Was Warned About Flood But Failed To Act, Officials Say
Water officials say authorities in San Jose, Calif.  received several warnings that flooding was imminent but failed to evacuate thousands of residents who were trapped in their homes after a creek broke its banks. John Varela, board chairman of the …

POSTED MARCH 30, 2017 2:16 PM
XL Catlin Adds Marlane to Its Environmental Business in California
XL Catlin’s environmental insurance business has appointed Denali Marlane as its Western regional underwriting manager in San Francisco. Marlane will manage XL Catlin’s environmental underwriting operations. She comes from AIG, where she most recently was a claims sales leader. XL …

POSTED MARCH 30, 2017 2:08 PM
Delmarva Petroleum Worker in Delaware Seriously Hurt in Explosion
A worker at Delmarva Petroleum in Lincoln, Del., nearly died after fire from a chop saw ignited an explosion. The Delaware State Fire Marshal’s Office tells local media that the explosion happened shortly after 1 p.m. Tuesday as the 21-year-old …

POSTED MARCH 30, 2017 1:33 PM
First Domestic Run-Off Insurance Carrier Granted License by Rhode Island
ProTucket Insurance Company has become the first Rhode Island domestic insurer to be formed specifically for providing run-off portfolio transfer solutions. The move has been made possible under new state legislation which will allow companies to transfer their insurance business …

POSTED MARCH 30, 2017 1:15 PM
MassMutual Southern and Northern New England Merge with CFG
MassMutual Southern New England in Warwick, R.I., and MassMutual Northern New England in Bedford, N.H., have merged with Commonwealth Financial Group (CFG), a Boston, Mass.-based comprehensive financial planning firm. CFG, a general agency of Massachusetts Mutual Life Insurance Company, was …

POSTED MARCH 30, 2017 1:07 PM
Exxon Dealt a Blow as Texas Judge Sends Climate Suit to New York
Exxon Mobil Corp.’s attempt to derail a multistate fraud probe into whether the company fully disclosed to investors the financial risks of climate change was dealt a major blow after a Texas judge moved the case from its home turf …

POSTED MARCH 30, 2017 12:51 PM
XL Catlin Taps SCOR’s Ennadifi as Senior U/W, Structured Risk Solutions
XL Catlin’s insurance operations announced the appointment of Isa Ennadifi as senior underwriter, Structured Risk Solutions (SRS). She is based in London. The SRS team is a global underwriting unit that provides XL Catlin’s clients with customized solutions for large …

POSTED MARCH 30, 2017 11:53 AM
Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’
The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the …

POSTED MARCH 30, 2017 11:45 AM
Bedbugs Lead Animal Insurance Claims by Businesses
Bedbugs in hotel rooms and aggressive peacocks are some of the creatures behind an uptick in animal-related insurance claims filed by U.S. businesses, according to a study published on Thursday by insurer Allianz SE . U.S. claims involving bedbugs increased 50 percent …

POSTED MARCH 30, 2017 10:51 AM
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology 
AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial motor industry, to provide an enhanced claims service to motor fleet customers by harnessing cloud-based technology. The new service, powered …

POSTED MARCH 30, 2017 10:46 AM
Superyacht Specialist Yachtpod to Underwrite on Castel’s MGA Platform
Yachtpod Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies Ltd.’s MGA formation platform to offer dedicated superyacht insurance on a worldwide basis. Yachtpod specializes in providing a “one-stop” shop for superyacht owners, captains and managers …

POSTED MARCH 30, 2017 10:04 AM
Brussels Hopes to Lure Other Finance Firms After Its Success with Lloyd’s
Brussels expects to lure other financial players after convincing Lloyd’s of London, the world’s largest specialty insurance market, to make the city its post-Brexit European hub. While Lloyd’s choice on Thursday surprised some, lower rental prices and its proximity to …

POSTED MARCH 30, 2017 9:48 AM
Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015
Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s combined ratio at 97.9 percent, compared with 90.0 percent in 2015. Return on capital was 8.1 percent in 2016 compared with …

POSTED MARCH 30, 2017 9:19 AM
Lloyd’s to Open EU Insurer in Brussels in Preparation for Brexit
Lloyd’s, the specialist insurance and reinsurance market, announced it will set up a European insurance company in Brussels in preparation for the UK’s exit from the European Union. The Brussels’ subsidiary will aim to be ready to write business for …

POSTED MARCH 30, 2017 8:05 AM
Bird Flu Found in Georgia Farm Chicken Flock
About 18,000 chickens were destroyed at a northwest Georgia poultry farm after tests confirmed avian influenza in the flock, the first time the disease has been detected in commercial birds in the state, authorities said Monday. The infected chickens were …

POSTED MARCH 30, 2017 5:11 AM
Dissel to Open First Brightway Insurance Agency in South Carolina
Brightway Insurance is scheduled to open its first agency in South Carolina next week. Veteran insurance agent and now Brightway Agency owner, Gregory Dissel, will open the doors to Brightway, The Dissel Agency on Monday, April 3. While new to …

POSTED MARCH 30, 2017 5:06 AM
Judge to Hear Objection to Trump University’s $25 Million Settlement
A U.S. judge will hear arguments on Thursday over whether to grant final approval to a $25 million settlement of fraud lawsuits against President Donald Trump over his Trump University real estate investment seminars, with at least one former student …

POSTED MARCH 30, 2017 5:00 AM
Chipotle Blocks One Class Action On Overtime Pay as Another Advances
A federal judge on Wednesday granted a bid by Chipotle Mexican Grill Inc. to undo a class action lawsuit by manager trainees in six states who say they were unlawfully denied overtime pay. U.S. District Judge Andrew Carter in Manhattan said the …

POSTED MARCH 30, 2017 5:00 AM
Police Report on Uber Self-Driving Car Crash Tells Complex Tale
A recent crash involving an Uber Technologies Inc. driverless car suggests autonomous software sometimes takes the same risks as the humans it may one day replace. The accident on Friday in Tempe, Arizona, caused no major injuries. Another human-driven car turning left …

POSTED MARCH 30, 2017 5:00 AM
Citizens Seeks Florida Agents’ Help Fighting Water Claims Abuse
As the Florida property market fights what has so far been a losing battle against attorneys and unlicensed contractor firms over water loss claims and assignment of benefits (AOB), Citizens Property Insurance Corp., Florida’s property insurer of last resort, has …

POSTED MARCH 30, 2017 4:40 AM

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