July 16, 2018
New England Insurance Group
Mon, 16 Jul 2018 14:11:44 +0000
Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial …
Mon, 16 Jul 2018 13:32:47 +0000
Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the company’s products gave them ovarian cancer by arguing the plaintiffs’ science was flawed and the case should not have …
Mon, 16 Jul 2018 12:58:20 +0000
The Maine Fire Marshal’s office says the blaze that destroyed two buildings and damaged several others at a historic fairground was accidental. Fire investigators said that the fire at the Fryeburg Fairgrounds was caused by an electrical malfunction in...
Mon, 16 Jul 2018 12:55:01 +0000
A New Hampshire couple has filed a lawsuit against a Portsmouth, N.H., restaurant saying it over-served an intoxicated patron who attacked the husband and gave him a concussion. The Portsmouth Herald reports the Vrettoses say in their lawsuit Demeter’s...
Mon, 16 Jul 2018 12:42:37 +0000
Proposals to permit recreational marijuana use in New York state took a big step forward Friday when state health officials issued a long-awaited report concluding that the benefits of legalization outweigh the risks. The 74-page analysis from the Depa...
Mon, 16 Jul 2018 12:22:09 +0000
Ahead of the recent World Cup in Russia, Lloyd’s of London predicted that France would be victorious. And victorious they were – with a 4-2 win against Croatia on Sunday. Interestingly, Lloyd’s also predicted Germany’s win against Argentina in 2014. …
Mon, 16 Jul 2018 10:28:54 +0000
Theresa May’s long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit plans. Euroskeptic Tories are angry that the prime minist...
Mon, 16 Jul 2018 08:32:42 +0000
NTT DATA UK, a Tokyo-based consulting and IT services provider, announced it has entered into a partnership to provide robotics services to Tokio Marine Kiln (TMK). NTT DATA UK’s Cargo 10 Virtual Worker is the first of several planned Robotic …
Mon, 16 Jul 2018 08:08:23 +0000
British department store retailer Debenhams said it had a healthy cash position after a media report on Sunday saying insurers had cut cover for its suppliers sent its shares lower. Shares in Debenhams fell as much as 8 percent on …
Mon, 16 Jul 2018 07:52:46 +0000
Following Hurricane Katrina in 2005, former U.S. Vice President Al Gore described it as “the first taste of a bitter cup that will be proffered to us over and over again.” That devastating event killed more than 1,800 people and …
Mon, 16 Jul 2018 06:07:16 +0000
New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers, brokers and shipping firms have been …
Mon, 16 Jul 2018 05:03:08 +0000
Airbnb Inc., having escaped a major U.S. landlord’s lawsuit over partying tourists at high-end Los Angeles apartments, will have to defend itself against the same allegations by the same landlord in Miami. A Florida state court judge on Wednesday denied …
Mon, 16 Jul 2018 05:00:42 +0000
After Hurricane Harvey swept through Texas last August, it not only left behind nearly 50 inches of rain in some areas and an estimated $125 billion in damage, but questions for the insurance industry in terms of how to approach …
Mon, 16 Jul 2018 05:00:28 +0000
Tax reform, a growing economy and lower catastrophe losses helped U.S. property/casualty insurers more than double their first quarter profit this year. Insurers’ net income after taxes surpassed $17 billion during the first three months of the year, c...
Mon, 16 Jul 2018 05:00:18 +0000
In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual tokens — along …
Mon, 16 Jul 2018 05:00:16 +0000
Warning lights about cyber threats to U.S. national security are “blinking red” and the digital attempts to undermine America are occurring daily, not just at election time, the nation’s top intelligence official said Friday. Russia has been the most a...
Mon, 16 Jul 2018 04:37:58 +0000
Rocky Mount, N.C.-based MSH Insurance Agency has launched a new retail insurance agency to service clients in the hospice, home health and durable medical equipment industries. The new agency will be called Meddix Insurance, and will offer general liab...
Mon, 16 Jul 2018 04:24:01 +0000
A woman whose son was one of four people killed at a Waffle House in Tennessee has filed a $100 million wrongful death lawsuit against the suspect and his father. The Tennessean reports Shaundelle Brooks filed the suit Wednesday on …
Mon, 16 Jul 2018 04:20:20 +0000
Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million to help property owners and their brokers better manage mid-size and large risks. According to Gregg Cunningham, general manager, Na...
Mon, 16 Jul 2018 04:12:49 +0000
Eight former supervisors and safety officers at a Kentucky coal company were indicted on federal charges that they rigged dust monitoring in underground mines, forcing miners to work in the kind of dirty conditions that can lead to black lung …
Sat, 14 Jul 2018 10:59:22 +0000
President Donald Trump said on Friday the United States and Britain could secure a “great” post-Brexit trade deal, lavishing praise on Prime Minister Theresa May and contradicting his own withering assessment of her strategy publicized hours earlier. F...
Fri, 13 Jul 2018 21:00:05 +0000
Texas Mutual Insurance Co. recently announced that Marcos Ricoy of Harlingen, Texas and Enrique Colon of Deer Park, Texas, pleaded no contest to a felony charge of engaging in organized criminal activity involving workers’ compensation healthcare fraud...
Fri, 13 Jul 2018 15:23:28 +0000
It’s summer in America, and that means action-packed movies, piles of hot dogs and plenty of ice cream. But according to a lawsuit filed Tuesday by a consumer food-advocacy group, if your choice of ice cream is Ben & Jerry’s, …
Fri, 13 Jul 2018 14:44:09 +0000
Zurich North America has brought Deirdre Manna on board as the new head of Government and Industry Affairs. Manna leads Zurich’s engagement with elected officials at the state and federal level on public policy issues that may impact the insurer’s …
Fri, 13 Jul 2018 14:28:21 +0000
Employees who can distance themselves from decisions may be more inclined to make choices that produce the most benefit for themselves and others, suggests new research. Sometimes this may result in what others may think is selfish behavior but that’s …
Fri, 13 Jul 2018 14:26:30 +0000
Pacific Bell Telephone Co., formerly known as AT&T Pacific Bell, will pay $15,000 and furnish other relief to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission, the federal agency announced today. Ac...
Fri, 13 Jul 2018 14:19:48 +0000
PEMCO Insurance has named Diane Geurts a communication manager for the company’s marketing department. Geurts has spent 20 years working in marketing and communications roles. Geurts will support PEMCO’s employee communication efforts, and will also co...
Fri, 13 Jul 2018 14:16:09 +0000
A man wrongly identified by Dallas, Texas police as a suspect in the 2016 fatal shooting of five officers has sued the city and its police department. The federal lawsuit filed Monday alleges Dallas police detained Mark Hughes and his …
Fri, 13 Jul 2018 13:56:21 +0000
Alliant Insurance Services Inc. has acquired CLS Partners in Austin, Texas. Clint Scott, CEO of CLS PartnerS, along with the CLS Partners management team and staff, will join Alliant and continue to service clients from offices in Austin and Dallas. …
Fri, 13 Jul 2018 13:49:15 +0000
As blame for California’s wildfires rises over Sacramento like smoke from last year’s blazes, the state is being forced to confront the possibility that it’ll happen again in 2018. California’s drought is worsening, and blazes have charred more acres in …