July 19, 2018
New England Insurance Group
Thu, 19 Jul 2018 16:43:25 +0000
The Insurance Council of Texas (ICT) has honored Mike Gerik, executive vice president at the Texas Farm Bureau Mutual Insurance Co., with the 2018 Raymond Mauk Leadership Award. ICT presented the Mauk Leadership Award to Gerik during its 26th Annual …
Thu, 19 Jul 2018 16:35:47 +0000
The Consumer Services Division (CSD) at the Arkansas Insurance Department has recovered $3,673,940 for Arkansas insurance customers in the first half of 2018, the agency reported. Recoveries are dollar amounts recovered for Arkansas consumers by CSD in...
Thu, 19 Jul 2018 16:32:40 +0000
A deadly tornado that recently struck a western North Dakota city has prompted state and local officials to call for increased safety standards for RV parks that often house oilfield workers and families. McKenzie County leaders expect to meet with …
Thu, 19 Jul 2018 16:30:15 +0000
Authorities say nobody has been hurt in several explosions and a fire at a gas and cylinders company in rural Central Texas. Austin County Sheriff Jack Brandes said the accident at Western International Gas & Cylinders was reported around 6 …
Thu, 19 Jul 2018 16:27:05 +0000
Authorities say fire severely damaged a giant pyramid home that doubles as a tourist attraction in northern Illinois. Gurnee Fire Department firefighters responded to a report that an elderly man in a wheelchair and his dog were trapped by the …
Thu, 19 Jul 2018 16:24:56 +0000
Iowa-based insurance services firm, Holmes Murphy, recently added 14 new employee shareholders. Holmes Murphy shareholders help lead the company in its mission to promote health, protect wealth, and deliver peace of mind. Team members joining the exist...
Thu, 19 Jul 2018 16:23:40 +0000
Rob Eppers, chief operating officer for Risk Services of Louisiana, was recently sworn in as an elected board member of the Independent Insurance Agency & Brokers of Louisiana (IIABL). As a board member, Eppers will be involved with insurance legislati...
Thu, 19 Jul 2018 16:22:55 +0000
The Lacy School of Business at Indiana’s Butler University plans to launch an online Master of Science in Risk and Insurance (MSRI) program beginning in January 2019. The school says the program is among the first of its kind in …
Thu, 19 Jul 2018 14:18:10 +0000
Ridesharing company Lyft said this week that it’s investigating how a former driver now charged in a series of rapes passed a background check even though federal immigration officials say the suspect was living in the country illegally. The San …
Thu, 19 Jul 2018 14:13:43 +0000
Honolulu Mayor Kirk Caldwell has directed city departments and agencies to prepare for the effects of climate change and sea level rise. The Honolulu Star-Advertiser reported the mayor issued the mandate this week, requiring the departments and agencie...
Thu, 19 Jul 2018 13:31:06 +0000
Thunderstorms have caused flights to be delayed and knocked out power in some parts of Massachusetts. A flood warning was issued by the National Weather Service for the areas of Springfield, Clinton, Boston and Northborough July 18, and a flash …
Thu, 19 Jul 2018 13:18:39 +0000
Agency Network Exchange LLC (ANE) has added Linda Foley as director of field operations based in New Jersey. In this role, she will work with member agencies to develop and implement growth plans and maintain agency relationships. She will also …
Thu, 19 Jul 2018 13:09:20 +0000
American Property Insurance Company (APIC), a licensed and admitted commercial insurance carrier headquartered in Eatontown, N.J., has appointed Steven T. Hicks as company controller. Reporting to the chief financial officer, Hicks will supervise inter...
Thu, 19 Jul 2018 13:01:11 +0000
Cook Maran & Associates, a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP), has acquired Joseph P. Price Agency (Price). Price is a Long Island, N.Y.-based insurance agency that …
Thu, 19 Jul 2018 12:16:48 +0000
Travelers Companies reported that catastrophe losses from wind and hail storms in several regions of the United States cut into its second quarter profit. Net income for the quarter was $524 million compared to $595 million for the same quarter …
Thu, 19 Jul 2018 11:43:37 +0000
Willis Towers Watson, the global advisory, broking and solutions company, announced that its board of directors has extended the contract of its chief executive officer, John Haley, until Jan. 1, 2021. “We are pleased to retain John Haley’s leadership ...
Thu, 19 Jul 2018 11:34:12 +0000
Not-for-profit catastrophe modeling platform Oasis Loss Modelling Framework announced that all components of its catastrophe modeling software are now open source and downloadable from GitHub, free of charge. This step means that Oasis is making sophis...
Thu, 19 Jul 2018 11:18:04 +0000
Britain’s banks and insurers must plan for a “hard” Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday in a warning echoed by Brussels. “With eight months until we exit …
Thu, 19 Jul 2018 10:59:41 +0000
China’s Anbang Insurance Group Co. Ltd. is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with knowledge of the matter said. The sales are likely …
Thu, 19 Jul 2018 10:48:03 +0000
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Li...
Thu, 19 Jul 2018 05:13:25 +0000
Philadelphia Insurance Companies’ (PHLY) has launched a new Pool and Spa Contractors Program in response to increased demand for pool construction. The PHLY comprehensive package product includes coverage for pool and spa contractors with a single carr...
Thu, 19 Jul 2018 05:08:07 +0000
North Carolina and federal health officials want to test whether neighbors of a chemical company are carrying little-understood industrial compounds in their bodies. North Carolina’s Department of Health and Human Services said Tuesday it is working wi...
Thu, 19 Jul 2018 05:00:49 +0000
Top Republican lawmakers on Tuesday attacked one of the legal protections most prized by social media companies such as Alphabet Inc.’s Google and Facebook Inc., questioning whether they should be held liable for content posted by users. House Judiciar...
Thu, 19 Jul 2018 05:00:49 +0000
It took just minutes for the hashtag #BoycottMGMResorts to appear on Twitter, and for people to declare they would no longer patronize the largest casino owner on the Las Vegas Strip. “Was going to stay in November already changed my …
Thu, 19 Jul 2018 05:00:09 +0000
A government audit released on Wednesday faulted the National Highway Traffic Safety Administration’s oversight of auto safety recalls and said its “delayed action” may have delayed the expansion of a record-setting callback of millions of vehicles for...
Thu, 19 Jul 2018 05:00:00 +0000
A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the …
Thu, 19 Jul 2018 04:55:22 +0000
Clegg Insurance Group and Advanced Insurance Brokerage (AIB), both in the Tampa, Fla., area – signed off on a new deal last month that will merge the companies’ property and casualty coverage portfolios. Together, the two companies will offer new …
Thu, 19 Jul 2018 04:48:46 +0000
“I think the number one thing the insurance industry can do is link AOB (assignment of benefits) to the impact that it’s having on the individual consumer and the huge impact it’s having on the premiums that the consumer’s paying,” …
Thu, 19 Jul 2018 00:46:05 +0000
American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight months after Brian Duperreault took...
Wed, 18 Jul 2018 22:43:40 +0000
WSS, part of XPT, a new specialty insurance distribution company, has named Lynn Bertram senior broker/underwriter in the commercial lines department, while Stefanie McLeod will serve as vice president and senior production underwriter in the personal ...