September 20, 2018
New England Insurance Group
Thu, 20 Sep 2018 08:28:02 +0000
AXIS Capital Holdings Ltd. announced the appointment of Helen O’Sullivan as CEO of AXIS Specialty Europe SE and AXIS Re SE. In this role, she will oversee the company’s Irish subsidiaries and their branches. O’Sullivan also will join the board …
Thu, 20 Sep 2018 08:00:34 +0000
Members of the Association of Bermuda Insurers & Reinsurers (ABIR) made a direct economic contribution to Bermuda of more than $840 million in 2017, according to the group’s 13th annual member survey results. Data reported for calendar year 2017 from …
Thu, 20 Sep 2018 07:30:32 +0000
Will robots take your job? The answer depends on where you live. The threat varies “strikingly” between countries and regions, with as many as 40 percent of jobs at “high risk” in Western Slovakia and just 4 percent in the …
Thu, 20 Sep 2018 06:06:22 +0000
Credit reporting company Equifax Inc. was slapped with a maximum 500,000 pound ($658,000) fine by the U.K.’s privacy watchdog for failing to protect the personal information of as many as 15 million British citizens during a cyber attack on its …
Thu, 20 Sep 2018 05:46:54 +0000
Alliant Insurance Services has added Brady Ayala as senior vice president in its Employee Benefits Group in Oklahoma City. Ayala will service a growing portfolio of regional clients, deploying a full range of benefits consulting solutions focused on st...
Thu, 20 Sep 2018 05:00:57 +0000
Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms …
Thu, 20 Sep 2018 05:00:39 +0000
Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of …
Thu, 20 Sep 2018 05:00:26 +0000
Niche market specialty insurer Assurant has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a technology platform and software-as-a-service (SaaS) pro...
Thu, 20 Sep 2018 05:00:18 +0000
A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths. U.S. District Judge Alison Nathan approved a …
Thu, 20 Sep 2018 04:37:07 +0000
In a significant turn of events in the insurance industry’s fight against Florida assignment of benefits (AOB) abuse, Florida’s Fourth District Court of Appeal (DCA) has ruled that an insurer’s anti-assignment provision was not prohibited. But the batt...
Thu, 20 Sep 2018 04:32:12 +0000
Alera Group, a national employee benefits, property and casualty, risk management and wealth management firm, has acquired Champion Benefits of Atlanta. The company provides integrated, strategic benefit plans for clients with a fully integrated team i...
Thu, 20 Sep 2018 04:24:29 +0000
Contractors that worked on the bridge near a Florida university that collapsed, killing six people, have been fined more than $86,000 for workplace violations. The Miami Herald reported Tuesday that the Occupational Safety and Health Administration iss...
Thu, 20 Sep 2018 04:20:00 +0000
Worried West Virginians got a reprieve when forecasts of potential devastating floods didn’t come to fruition from the remnants of Hurricane Florence. The storm brought 1 to 2 inches (2.5 to 5 centimeters) of rain in most parts of the …
Thu, 20 Sep 2018 02:11:30 +0000
Republican lieutenant governor candidate Lisa Posthumus Lyons says the fire that burned down her western Michigan home started after one of her children used a kitchen torch inside the attached garage. She said at a news conference on Sept. 17 …
Wed, 19 Sep 2018 22:29:14 +0000
Officials announced on Wednesday that the Mendocino Complex Fire, the largest wildfire in California’s history, is now 100 percent contained. The blaze burned a combined 459,123 acres, destroyed 280 structures including 157 residences, killed one firef...
Wed, 19 Sep 2018 18:00:21 +0000
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the comp...
Wed, 19 Sep 2018 16:54:03 +0000
S.S. Nesbitt, a Southeastern insurance agency and division of EBSCO Industries Inc., has appointed Senior Vice President L. Dickerson (Dick) Fountain as Market executive in Huntsville, Ala. Over the past year, S.S. Nesbitt’s Huntsville office has aggre...
Wed, 19 Sep 2018 16:46:33 +0000
The damage total from flooding and storms in Wisconsin in August continues to rise and now approaches a quarter of a billion dollars. Gov. Scott Walker tweeted on Sept. 18 that the preliminary damages are nearly $234 million, up from …
Wed, 19 Sep 2018 16:38:28 +0000
Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm headquartered in Deerfield, Illinois, has appointed Matt Kistler as director of Business Development. Kistler will play a critical part in Alera Gr...
Wed, 19 Sep 2018 16:35:26 +0000
When meteorologists downgraded Hurricane Florence from a powerful Category 4 storm to a Category 2 and then a Category 1, Wayne Mills figured he could stick it out. He regrets it. The Neuse River, normally 150 feet away, lapped near …
Wed, 19 Sep 2018 16:30:51 +0000
Wholesale insurance services firm, Midlands Management Corp., headquartered in Oklahoma City, appointed Mark Sullivan as leader of its Transportation team. He is based in Dallas. Sullivan joined Midlands in 2010 as an associate marketing representative...
Wed, 19 Sep 2018 16:28:38 +0000
Amid concerns about bottlenecks to access, Louisiana regulators have agreed to loosen limits on how many medical marijuana patients doctors authorized to dispense cannabis can treat. Louisiana’s State Board of Medical Examiners voted 8-1 to remove a ca...
Wed, 19 Sep 2018 16:24:56 +0000
Three Jonesboro, Arkansas, radio stations are back on the air after copper thieves disrupted operations and damaged the transmitter building and a backup generator. The outages affecting East Arkansas Broadcasters stations KIYS, KIYS HD2 and KBTM were ...
Wed, 19 Sep 2018 16:10:52 +0000
Toledo, Ohio-based privately held independent insurance brokerage, Hylant, has launched Haven Re, a primary casualty, heterogeneous group captive designed to provide well-performing middle-market businesses an attractive cost-saving option. Haven Re is...
Wed, 19 Sep 2018 15:05:57 +0000
The Alaska Volcano Observatory is keeping watch on a remote volcano that’s showing signs of erupting. The observatory this week increased the alert level from “advisory” to “watch” at Semisopochnoi (SEM-ee-sah-POTCH-noy) in the Aleutian Islands. The vo...
Wed, 19 Sep 2018 15:01:36 +0000
A judge has tossed a lawsuit filed by animal rights activists in the name of a once-neglected horse, finding that animals don’t have a right to sue. The Oregonian/OregonLive reported in doing so, Washington County Pro Tem Judge John Knowles …
Wed, 19 Sep 2018 14:59:23 +0000
The state Department of Transportation says pedestrian fatalities have increased by 525 percent from the same time last year. The Honolulu Star-Advertiser reported 25 pedestrians have died as of Sept. 13 this year compared with four deaths last year in …
Wed, 19 Sep 2018 13:56:30 +0000
Mega workers’ comp claims – losses exceeding $10 million – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). It’s unclear if this is a one time occurrence or a new trend for …
Wed, 19 Sep 2018 13:29:08 +0000
Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual property/casualty insurance companies continue to face heightened competition amid an insuranc...
Wed, 19 Sep 2018 13:08:29 +0000
Optisure Risk Partners, based in Manchester, N.H., has hired Beth Needham as insurance operations manager and best practices leader. In this role, she will serve as a contributing member of the Optisure leadership team, offering insurance operations ex...