December 16, 2017
Insight Companies Inc.
Fri, 15 Dec 2017 18:03:12 +0000
A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major …
Fri, 15 Dec 2017 17:59:11 +0000
A Florida man was arrested last month after he was caught lying to his insurance company in an attempt to file a false insurance claim for vehicle for damage allegedly caused by Hurricane Irma, according to a statement from Florida …
Fri, 15 Dec 2017 17:52:18 +0000
A.M. Best announced it has has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Affinity Mutual Insurance Co. (AMIC) in Lima, Ohio. The outlook of …
Fri, 15 Dec 2017 17:51:44 +0000
A federal rule requiring certain employers to electronically submit injury and illness reports goes into effect today. The rule applies to businesses in many states with 250 or more employees that are currently required to keep OSHA injury and illness …
Fri, 15 Dec 2017 17:48:11 +0000
A suburban Detroit insurance agent has been sentenced to at least six years in prison for embezzling more than $800,000 from a dozen elderly clients. Paul Garceau Jr. of Grosse Pointe Park had pleaded guilty to embezzlement by an agent …
Fri, 15 Dec 2017 17:46:21 +0000
PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a controversial copper-nickel mine it …
Fri, 15 Dec 2017 17:44:48 +0000
Solvang, Calif.-based Westcap Insurance Services, LLC has expanded its admitted program for contractors to now include Arizona domiciled risks. Westcap also announced increased limits and other product enhancements to the program in the state of Washin...
Fri, 15 Dec 2017 17:44:15 +0000
Texas Sen. Larry Taylor, president of Truman Taylor Insurance in Friendswood, is closing his agency after 55 years of operation and joining Galveston Insurance Associates (GIA), effective Dec. 15. GIA has been operating on Galveston Island for 125 year...
Fri, 15 Dec 2017 17:35:53 +0000
The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. The eleventh round of depopulation is underway for the Louisiana …
Fri, 15 Dec 2017 17:11:41 +0000
More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline, according to the Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC). Premiums have fallen by 63 percent since 200...
Fri, 15 Dec 2017 17:06:14 +0000
Arkansas lawmakers have recommended a regulatory panel look at revising its proposed ban of an herbicide farmers in several states say has drifted onto their crops and caused damage, nearly a month after a maker of the weed killer asked …
Fri, 15 Dec 2017 15:49:18 +0000
An earthquake hit Oregon roughly 40 miles south of Portland near Molalla and was felt by numerous residents in the area, the U.S. Geological Survey confirmed. The USGS reported the magnitude 4.0 earthquake struck about seven miles southwest of Molalla …
Fri, 15 Dec 2017 15:46:59 +0000
California utilities may face tougher safety rules for power lines, phone lines and utility poles in parts of the state most prone to wildfires. Under the proposed rules being considered by the California Public Utilities Commission, tree branches woul...
Fri, 15 Dec 2017 15:40:25 +0000
Dry, gusting winds are aggravating fire worries across much of central and western California, including those areas where infernos are still raging and places that were scorched in October, the U.S. Storm Prediction Center said. Conditions through Sun...
Fri, 15 Dec 2017 15:36:07 +0000
Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 millio...
Fri, 15 Dec 2017 15:13:03 +0000
American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked Insights. American Family is a Networked Insig...
Fri, 15 Dec 2017 14:28:23 +0000
A bipartisan bill introduced by two U.S. senators would change truck safety standards to prevent crashes like the one that killed four people in northern New York this summer. The law introduced by Democrat Kirsten Gillibrand and Republican Marco Rubio …
Fri, 15 Dec 2017 14:20:24 +0000
Marsh & McLennan Companies Inc., a New York, N.Y.-headquartered, global professional services firm, has appointed Stacy Mills as vice president and controller, effective January 1, 2018. In this role, Mills will serve as the firm’s chief accounting off...
Fri, 15 Dec 2017 14:11:48 +0000
Brightway Insurance is continuing its expansion across the U.S. with the opening of its first store in New Jersey. Brothers Michael, Robert and Ray Norton will open Brightway, The Norton Agency in Blackwood, N.J., on December 18. Brightway also opened …
Fri, 15 Dec 2017 14:06:43 +0000
A recreational drone operator whose device smashed into a U.S. Army helicopter in September flew undetected into a no-fly zone over New York set up to protect President Donald Trump and the United Nations. The National Transportation Safety Board on …
Fri, 15 Dec 2017 11:50:00 +0000
Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and capacity provision were not released. Lond...
Fri, 15 Dec 2017 11:11:46 +0000
The massive explosion that shut down natural gas flows for half a day in Austria this week was caused by a loose cap seal on a newly installed filtering unit, according to investigations by the operator of the Baumgarten hub. …
Fri, 15 Dec 2017 10:26:19 +0000
Britain kept the top spot in global financial services exports last year, but Brexit threatens to raise barriers to its biggest market in Europe, TheCityUK said on Friday. The body, which promotes Britain as a financial center, said banks, insurers, …
Fri, 15 Dec 2017 10:00:25 +0000
Uber’s food-delivery business will begin offering an insurance package to its couriers in Europe, a move to address the conditions of “gig economy” workers. Riders for food-delivery companies such as Uber Eats and Deliveroo are typically self-employed ...
Fri, 15 Dec 2017 09:50:13 +0000
Chubb announced the appointment of Brian Church as executive vice president and head of International Property for Chubb’s Overseas General business, effective Jan. 1, 2018. In this role, Church will have responsibility for all of Chubb’s retail commer...
Fri, 15 Dec 2017 06:34:02 +0000
Officials say 17 workers at a Tennessee plant who complained of headaches and nausea are getting medical treatment. McMinn County Mayor John Gentry said the “exposure” incident happened Wednesday morning at the Mills Products plant in Athens. Media cit...
Fri, 15 Dec 2017 06:00:25 +0000
Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose software was targeted. FireEye In...
Fri, 15 Dec 2017 06:00:01 +0000
Looks like a potentially market-roiling La Nina will last through the new year, threatening to bring a colder, snowier winter to the northern U.S., drought to Latin America’s soybean-growing regions and rain to Australia’s coal mines. The odds of the …
Fri, 15 Dec 2017 06:00:00 +0000
Six months after flames engulfed a London high-rise and sparked concerns about similarly-clad buildings around the world, a U.S.-based fire prevention group has developed a tool aimed at making buildings safer. The National Association of State Fire Ma...
Fri, 15 Dec 2017 05:24:22 +0000
A settlement has been reached in a federal lawsuit over $750,000 in unpaid utility bills at a shuttered Tennessee glass plant. The Kingsport Times News reports insurer North American Specialty sued Heritage Glass and its officers in Greeneville federal...