April 24, 2018

Wed, 25 Apr 2018 01:00:55 +0000
The U.S. Supreme Court on Tuesday ruled that foreign corporations cannot be sued in American courts for human rights abuses overseas, refusing to revive a lawsuit claiming Jordan-based Arab Bank Plc helped finance militant attacks in Israel and the Pal...
Wed, 25 Apr 2018 01:00:42 +0000
British laboratory tests on the fire safety of building materials are inadequate, research for the insurance industry in the wake of the Grenfell Tower fire showed on Wednesday. At least 71 people died in the fire in the social housing …
Wed, 25 Apr 2018 01:00:33 +0000
The U.S. Supreme Court on Tuesday gave its stamp of approval to a government review process prized by high technology companies as an easy and cheap way to combat “patent trolls” and others that bring patent infringement lawsuits. The justices …
Wed, 25 Apr 2018 01:00:18 +0000
A U.S. appeals court this week favored humans over animals in a novel copyright lawsuit filed over a series of entertaining selfies taken by a monkey with a toothy grin. U.S. copyright law does not allow lawsuits that seek to …
Wed, 25 Apr 2018 01:00:08 +0000
Goldman Sachs Group Inc.’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial crisis. “Insurers expressed a growi...
Wed, 25 Apr 2018 00:56:40 +0000
Brightway Insurance is continuing its expansion across the country with the opening of two new stores in Florida and South Carolina: Jeff Howard has opened Brightway, The Howard Agency in Charleston, S.C. Troy Novotny has opened Brightway, The Novotny ...
Wed, 25 Apr 2018 00:39:17 +0000
A traffic accident in southern North Korea has killed 32 Chinese tourists and four North Koreans, Chinese officials said Monday. Another two Chinese tourists were badly injured and were in ‘acutely serious condition,” the Foreign Ministry said in a sta...
Wed, 25 Apr 2018 00:06:16 +0000
The Federal Emergency Management Agency (FEMA) Region III and the West Virginia Division of Homeland Security and Emergency Management (WVDHSEM) hosted the first-ever West Virginia Flood Insurance Partners Roundtable in White Sulphur Springs, W.V. last...
Tue, 24 Apr 2018 23:01:39 +0000
San Diego, Calif.-based Cavignac & Associates has named Kathy Majam a senior account manager within its personal lines department. Majam serves as the main contact for clients whose accounts she has been assigned, she processes new and renewal policies...
Tue, 24 Apr 2018 17:28:14 +0000
Appalachian Underwriters Inc. has named Eric Dail its Western region vice president. He will now manage the day-to-day operations of the Scottsdale, Ariz. office, including workers’ compensation and commercial garage underwriters, as well as AUI’s mark...
Tue, 24 Apr 2018 16:55:03 +0000
Officials at a small municipal airport in central Arkansas are battling an unlikely foe — coyotes that keep chewing on part of the taxiway. The damage at the North Little Rock Municipal Airport is expected to cost $6,000 to fix. …
Tue, 24 Apr 2018 16:47:00 +0000
The Texas Windstorm Insurance Association will soon begin its annual program designed to move policies out of the residual market for wind and hail along the Texas coast. This will be the third round for the Assumption Reinsurance Depopulation Program …
Tue, 24 Apr 2018 16:46:52 +0000
The Travelers Companies, Inc. has added new digital capabilities to its “MyTravelers for Injured Employees” workers’ compensation claims platform designed to improve the claim experience for injured employees. The company’s web-based and mobile-friendl...
Tue, 24 Apr 2018 16:35:35 +0000
Duke Energy Corp. will pay a $156,000 penalty to for polluting ground and surface waters in North Carolina with potentially toxic coal-ash waste around three power plants, an amount one critic compared to a couple of days salary for the …
Tue, 24 Apr 2018 16:34:16 +0000
The chair of the Tulsa County Democratic Party has entered the race to become Oklahoma’s next insurance commissioner. Kimberly Fobbs currently is the only Democrat who has filed to run for the insurance commissioner’s post, according to the Oklahoma Se...
Tue, 24 Apr 2018 16:30:38 +0000
Macy’s will pay a former long-term employee $75,000 to settle a disability discrimination lawsuit filed in Illinois filed by the U.S. Equal Employment Opportunity Commission (EEOC). According to the federal employment agency, the EEOC’s lawsuit charged...
Tue, 24 Apr 2018 16:28:53 +0000
Federal safety regulators have cited a Bellevue, Ohio-based plastics company for multiple safety violations after an inspection found employees exposed to fall, machine, and electrical hazards. The U.S. Department of Labor’s Occupational Safety and Hea...
Tue, 24 Apr 2018 15:03:44 +0000
California Insurance Commissioner Dave Jones is renewing his call for insurers to offer insurance products for California’s legalized cannabis industry in the wake of recent reports that President Trump has abandoned Attorney General Jeff Sessions’ pol...
Tue, 24 Apr 2018 14:20:21 +0000
The Travelers Companies boosted its net income for the quarter ended March 31, 2018, by 10 percent to $669 million compared to $617 million in the prior year quarter despite unusually high catastrophe losses in March. Catastrophe losses in the …
Tue, 24 Apr 2018 14:09:49 +0000
The San Francisco Bay Area is falling behind on efforts to retrofit buildings that are vulnerable to collapse during a major earthquake, according to a newspaper analysis. The Los Angeles Times reported that there are up to 3,000 brittle concrete …
Tue, 24 Apr 2018 14:01:54 +0000
An Oregon woman paralyzed from the waist down after an intoxicated friend’s vehicle crashed into a house has filed a lawsuit against six businesses that she says served alcohol to the driver before the accident occurred. The Register Guard reports …
Tue, 24 Apr 2018 13:56:34 +0000
Hub International Ltd. has acquired the assets of Spokane, Wash.-based BK-JET Group LLC. Terms of the deal were not disclosed. Joining Hub Northwest are BK-JET’s founding partners Josh Tyndell, Erin Repp, Tom Blue, Keith McNally and Bill Dinneen, along...
Tue, 24 Apr 2018 13:51:29 +0000
JLT Specialty USA has added Bill Creedon and Jeff Burns as partners who will be based in Denver, Colo. The additions support JLT’s partnership with Construction Risk Partners. As part of CRP’s national leadership team, Creedon and Burns will lead …
Tue, 24 Apr 2018 12:52:48 +0000
Fire officials say a blaze that injured two firefighters did more than $1 million in damage to a New Jersey home. The Press of Atlantic City reports that the fire at the three-story Ventnor Heights home was reported shortly after …
Tue, 24 Apr 2018 12:48:11 +0000
Nearly $3 million in additional relief funding is going to communities in five upstate New York counties along Lake Ontario to help them recover from last year’s flooding. Gov. Andrew Cuomo announced Monday that the state had awarded $2.9 million …
Tue, 24 Apr 2018 12:43:37 +0000
Delaware State Police are investigating a carjacking set up by an intentional motor vehicle crash. Authorities say the incident happened Wednesday night on state route 71 in Bear when a woman’s car was rammed from behind by another vehicle. After …
Tue, 24 Apr 2018 12:32:15 +0000
Hedge fund manager David Einhorn said on Monday that his Greenlight Capital was betting Assured Guaranty’s stock will fall, sending shares of the bond insurer down as much as 6 percent in after-hours trading. Einhorn, who is known to move …
Tue, 24 Apr 2018 12:25:14 +0000
Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have …
Tue, 24 Apr 2018 12:10:34 +0000
The U.S. Supreme Court considered bolstering the president’s power over federal agencies in a clash over the constitutional status of the in-house judges who handle complaints at the Securities and Exchange Commission. The justices Monday heard an appe...
Tue, 24 Apr 2018 04:23:28 +0000
The Alabama Insurance Underwriting Association (AIUA) has partnered with the Insurance Institute for Business & Home Safety (IBHS) to develop a roof aging farm in Foley, Ala. This longer-term research project was designed to help determine how differen...