September 17, 2019
New England Insurance Group
Tue, 17 Sep 2019 21:11:47 +0000
The California Division of Workers’ Compensation has announced that the 2020 minimum and maximum temporary total disability rates will increase on Jan. 1, 2020. The minimum TTD rate will increase from $187.71 to $194.91 and the maximum TTD rate will …
Tue, 17 Sep 2019 19:01:28 +0000
A tropical depression in the Gulf of Mexico that quickly upgraded into Tropical Storm Imelda has made landfall on the Texas coast near Freeport. The National Hurricane Center said the storm likely will produce life-threatening flash flooding in some pa...
Tue, 17 Sep 2019 17:16:27 +0000
The Liberty Company Insurance Brokers in Woodland Hills, Calif., has named Megvarran Lalsa chief financial officer. Megvarran has 20 years of experience in accounting and finance. Megvarran previously worked at Venbrook Group, SCAN Health Plan, Crescen...
Tue, 17 Sep 2019 16:58:49 +0000
A federal lawsuit accuses a major pipeline company based in Georgia of failing to tell work crews where a major underground pipeline was located before they ruptured the line, touching off a deadly explosion in Alabama. The workers were trying …
Tue, 17 Sep 2019 16:56:42 +0000
With a low pressure system hovering off the Texas Gulf Coast that the National Hurricane Center could become a tropical depression, Texas Gov. Greg Abbott has elevated the state operations center to an increased readiness (level 3) status. The Texas …
Tue, 17 Sep 2019 16:38:07 +0000
A contractor has been cited by the U.S. Department of Labor’s Occupational Safety and Health Administration which says workers were exposed to fall and scaffolding hazards at a commercial building project in Chicago. The Labor Department says that Polo...
Tue, 17 Sep 2019 16:36:41 +0000
Carmel, Indiana-based Protective Insurance Corp., a specialty property/casualty holding company in the transportation and workers’ compensation insurance industries, has appointed John Barnett as its new chief financial officer, effective Sept. 30, 201...
Tue, 17 Sep 2019 16:32:05 +0000
A Louisiana program aimed at helping farmers recover from extreme flooding events in 2016 has received an additional $10 million in grant awards, the Louisiana Department of Agriculture and Forestry announced. The additional funds will be made availabl...
Tue, 17 Sep 2019 16:31:10 +0000
Archie Gall has been named CEO of Tricolor Insurance, an affiliate company of Dallas-based Tricolor, a used vehicle retailer focused on the Hispanic consumer market. Tricolor Insurance, a provider of insurance for subprime vehicle owners, will roll out...
Tue, 17 Sep 2019 16:28:38 +0000
The Global Insurance Accelerator (GIA), a Des Moines, Iowa-based InsurTech accelerator focused on innovation for the insurance industry, says 17 companies will participate in its fifth annual InsurTech Week, being held Oct. 14-18. Designed to amplify t...
Tue, 17 Sep 2019 14:56:28 +0000
Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers will defend it in the U.K.’s highest court. Fresh from being lambasted by a fellow European leader after …
Tue, 17 Sep 2019 14:45:36 +0000
An Associated Press investigation shows a dark side to booming sales of the cannabis extract CBD. Some people are substituting cheap and dangerous street drugs for the real thing. As part of the investigation, a reporter in Los Angeles purchased …
Tue, 17 Sep 2019 14:42:31 +0000
CopperPoint Insurance Cos. has agreed to acquire Alaska National Corp. and its wholly owned subsidiary Alaska National Insurance Co., an Alaska-domiciled workers’ compensation and commercial insurance carrier. The transaction is expected to close once ...
Tue, 17 Sep 2019 14:12:45 +0000
Federal investigators are looking into the way the U.S. Olympic and Paralympic Committee and national governing bodies of Olympic sports handled sex-abuse allegations, people with knowledge of the investigations told The Associated Press. The probes, f...
Tue, 17 Sep 2019 14:05:52 +0000
The broker Aon plc has launched an auction capability for the Jan. 1, 2020 reinsurance renewals, which is designed to provide additional options for insurer clients by reducing the timeframe around pricing negotiations while providing contract certaint...
Tue, 17 Sep 2019 14:01:16 +0000
Broker Buddha, a company that simplifies the commercial insurance application and renewal process, announced a $4.5 million funding round led by Vertex Ventures. Broker Buddha’s technology converts PDF insurance applications into user-friendly interact...
Tue, 17 Sep 2019 13:24:57 +0000
AssuredPartners Inc. has acquired Alton E. Woodford Insurance Agency Inc., located in West Hartford, Conn. The team of nine will remain under the operational leadership of Tallison Noble and Nerissa Smith following the acquisition. Headquartered in Lak...
Tue, 17 Sep 2019 13:15:31 +0000
Managing general agent (MGA) Fairmatic has introduced a usage-based insurance model that features monthly commercial auto premium adjustments based on an insured’s driving behaviors. Fairmatic’s “performance-priced commercial auto insurance” product is...
Tue, 17 Sep 2019 13:08:21 +0000
A Rochester, N.Y., woman has been arraigned on charges that she defrauded the workers’ compensation system of more than $5,000 by endorsing and cashing wage reimbursement checks intended for her deceased grandmother. “This is an egregious case where an...
Tue, 17 Sep 2019 12:59:54 +0000
Hub International Limited , a global insurance brokerage and financial services firm, has acquired the assets of Wash Financial L.L.C., doing business as Washington Financial Group (WFG). Terms of the transaction were not disclosed. Headquartered in Mc...
Tue, 17 Sep 2019 12:52:15 +0000
The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday. Giovanni Castellucci,...
Tue, 17 Sep 2019 12:48:23 +0000
The attorneys general of Massachusetts and New York gave Purdue Pharma LP a preview of the opposition it’s facing in bankruptcy court as the embattled maker of the OxyContin painkiller seeks approval of a roughly $10 billion settlement stemming from …
Tue, 17 Sep 2019 10:28:31 +0000
Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product and Jason Mills as wholesale leader in the U.K. Fin...
Tue, 17 Sep 2019 08:16:04 +0000
Burglars overnight broke into England’s Blenheim Palace [on Saturday, Sept. 14] the birthplace of Winston Churchill, and stole an 18-karat gold toilet on display as part of an art exhibition. The thieves took the “high-value” item, causing significant ...
Tue, 17 Sep 2019 06:34:37 +0000
Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new risks, especially when customer demand is there. In …
Tue, 17 Sep 2019 05:02:24 +0000
Catastrophe modeling firms Karen Clark & Co. and RMS have released insured loss estimates for Hurricane Dorian, ranging from $500 million to $1.5 billion. According to KCC, Dorian reached peak intensity of 185 mph while over the Bahamas, one of …
Tue, 17 Sep 2019 05:00:59 +0000
The style of attack used against oil plants in Saudi Arabia that knocked out half of the country’s production on Saturday is unlikely to be a risk in the United States, energy and security experts say. “The U.S. oil industry …
Tue, 17 Sep 2019 05:00:41 +0000
The U.S. Centers for Disease Control and Prevention (CDC) said on Monday it has activated its emergency operations center to coordinate the investigation into hundreds of cases of severe lung illnesses linked to e-cigarette use. The CDC’s Emergency Ope...
Tue, 17 Sep 2019 05:00:35 +0000
Several deaths and potentially hundreds of illnesses have been tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking. Lawsuits have been filed against e-cigarette maker Juul and more are expected amid increas...
Tue, 17 Sep 2019 04:53:54 +0000
Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey. This offering includes: Commercial property with limits up to $120 million per location with an enhanced causes of loss form which includes built-...