August 17, 2017
Garner Insurance Agency, LLC.
Thu, 17 Aug 2017 11:08:03 +0000
The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market conditions, according to Fitch ...
Thu, 17 Aug 2017 10:37:54 +0000
Not one, but three potential storms threaten to usher in the busiest phase of the Atlantic hurricane season later this month, courtesy of warm ocean temperatures. The season — which runs from June to November — has already seen above-average …
Thu, 17 Aug 2017 05:00:41 +0000
As climate change pushes U.S. cities to build protections against stronger storms and more frequent floods, the Rockefeller Foundation is helping cities with a novel kind of financing, one that transfers some of the risk of innovative projects from cit...
Thu, 17 Aug 2017 05:00:26 +0000
Ex-Uber Technologies Inc. Chief Executive Officer Travis Kalanick said the lawsuit brought by venture-capital firm Benchmark seeking his ouster from the company’s board should be heard in private arbitration. In a letter Monday to a Delaware judge, an ...
Thu, 17 Aug 2017 04:41:12 +0000
Pioneer Special Risk has launched a new optional coverage expansion for specialty contractors that offers them the option of including incidental contractors pollution coverage, traditionally required as part of their client’s contractual terms, within...
Thu, 17 Aug 2017 04:27:39 +0000
Tiger Woods had the active ingredient for marijuana, two painkillers and two sleep drugs in his system when he was arrested on a DUI charge earlier this year, a report released Tuesday by police said. Police in Jupiter, Florida, released …
Thu, 17 Aug 2017 04:19:26 +0000
A.M. Besthas revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of West Virginia National Auto Insurance Co., based in Morgantown, W.Va. The ratings company …
Thu, 17 Aug 2017 04:14:30 +0000
A Mississippi city has sued the head of a school for the arts, saying he knew before the roof collapsed that it was in danger of falling in. The City of McComb alleges that Terrance Alexander, director of Jubilee Performing …
Thu, 17 Aug 2017 04:00:31 +0000
The American workplace is grueling, stressful and surprisingly hostile. So concludes an in-depth study of 3,066 U.S. workers by the Rand Corp., Harvard Medical School and the University of California, Los Angeles. Among the findings: Nearly one in five...
Thu, 17 Aug 2017 04:00:06 +0000
Big Pharma is having a Big Tobacco moment as litigation over opioids attract star lawyers and a growing list of states and local governments seeking their own multibillion-dollar payout to deal with costs of a burgeoning drug epidemic. On Tuesday, …
Thu, 17 Aug 2017 03:55:19 +0000
Three businesses owned by West Virginia Gov. Jim Justice and his family have agreed to settle for $551,420 a lawsuit that claimed they had not paid for $771,268 of cleanup work after the Greenbrier resort was hit by severe flooding …
Wed, 16 Aug 2017 19:01:32 +0000
SuretyWave LLC has acquired Sherman Oaks, Calif.-based Insure Vision Technologies. Terms of the deal were not disclosed. The acquisition paves the way for SuretyWave to integrate its digital business-architected platform with IVT’s web-based surety bon...
Wed, 16 Aug 2017 16:45:33 +0000
Boca Raton, Fla.-based Seeman Holtz Property & Casualty Inc. has acquired Primera Capital, headquartered in Dallas, Texas. Primera’s Anthony Davis and team have been offering both auto insurance and tax services to the Dallas area for over seven years....
Wed, 16 Aug 2017 16:36:08 +0000
USG has promoted Mark Strayhan to insurance producer/broker for the Troy, Mich., office. He formerly held the title of associate producer/broker. Strayhan will continue building his book of business and agency retail network. Strayhan joined the USG te...
Wed, 16 Aug 2017 16:24:10 +0000
Managing general agency and surplus lines broker, J.M. Wilson, has promoted Andrew Hamilton to branch manager in its Westerville, Ohio, office. Hamilton will plan the operations of the office, coordinate the staff, and work towards building relationshi...
Wed, 16 Aug 2017 16:18:20 +0000
Records show that Dallas, Texas, has spent almost $11 million in the past five years settling more than 20 lawsuits against police, a huge increase compared to the previous five years. KDFW-TV reports the city spent less than $400,000 to …
Wed, 16 Aug 2017 16:14:07 +0000
Some activists are pushing to change rules that require groups to obtain $1 million in liability insurance before holding a protest at the Iowa Capitol. The Des Moines Register reports the Iowa Department of Administrative Services says it will review …
Wed, 16 Aug 2017 16:09:34 +0000
The disposal of wastewater from oil and gas production by injecting it deep into the ground has been linked to a dramatic increase in earthquake activity in Oklahoma since 2009. Injection rates have declined recently because of regulatory actions and …
Wed, 16 Aug 2017 15:56:00 +0000
A U.S. judge overseeing the bankruptcy of Takata Corp.’s U.S. business on Wednesday halted lawsuits for 90 days against automakers brought by victims of its faulty air bag inflators. Takata requested a six-month stay of the lawsuits, arguing an injunct...
Wed, 16 Aug 2017 15:21:30 +0000
Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, announced it has hired Michael Belfatti to the newly created position of chief operating officer, effective immediately. Belfatti’s responsibilities a...
Wed, 16 Aug 2017 15:01:36 +0000
The U.S. Geological Survey has awarded $4.9 million to six universities and a nonprofit to help advance an early warning system for earthquakes along the West Coast. The federal agency says the ShakeAlert system could give people seconds or up …
Wed, 16 Aug 2017 14:59:28 +0000
The high volume of water that poured down Wyoming rivers and streams from a melting record mountain snowpack this year is being blamed for several river deaths and causing tens of millions of dollars in damage to roads, recreation sites …
Wed, 16 Aug 2017 14:30:29 +0000
Second of Two Articles Good leadership is essential if the industry is going to successfully navigate the challenges ahead, Stephen Catlin told Insurance Journal during a recent interview, as he looked back at lessons he’s learned during his 40-year jo...
Wed, 16 Aug 2017 13:17:30 +0000
Preliminary data show U.S. motor vehicle deaths and injuries were down slightly in the first six months of 2017, although they were still significantly higher than they were two years ago, according to the National Safety Council. There were 18,689 …
Wed, 16 Aug 2017 12:59:19 +0000
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh’s Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 marks the sixth quarter in a row the rate of …
Wed, 16 Aug 2017 12:56:01 +0000
A Massachusetts behavioral health facility faces $207,690 in proposed penalties from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for violations found while conducting a follow-up inspection. On June 29, 2017, OSH...
Wed, 16 Aug 2017 12:48:24 +0000
American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …
Wed, 16 Aug 2017 12:43:15 +0000
The last of the evacuated residents of a small Pennsylvania town were finally able to return to their homes one week after a freight train carrying hazardous materials derailed and caught fire. CSX spokesman Rob Doolittle said residents of 40 …
Wed, 16 Aug 2017 12:29:44 +0000
Massachusetts Governor Charlie Baker last month signed H. 3680, a bipartisan bill to extend protections to pregnant workers in the state. The legislation, An Act Establishing the Massachusetts Pregnant Workers Fairness Act, will prohibit workplace and ...
Wed, 16 Aug 2017 11:29:37 +0000
China, facing a possible decline in foreign investment this year, will become more open for international investors and take steps to better protect intellectual property, its cabinet said on Wednesday. In recent months, the Chinese government has made...