November 13, 2018
New England Insurance Group
Wed, 14 Nov 2018 00:06:25 +0000
The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners insurance rates inch up in high risk areas, and carriers get more cautious about where they write in a state …
Tue, 13 Nov 2018 23:53:17 +0000
Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for ways to further protect homeowners. Wit...
Tue, 13 Nov 2018 20:00:06 +0000
In just a few weeks, humanity may take its first paid ride into the age of driverless cars. Waymo, the secretive subsidiary of Google’s parent company, Alphabet Inc., is planning to launch the world’s first commercial driverless car service in …
Tue, 13 Nov 2018 19:47:04 +0000
Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country’s prosperity for generations to come. While Brussels …
Tue, 13 Nov 2018 17:46:57 +0000
Lawmakers have begun filing bills in the Texas Legislature for the legislative session that begins in January 2019. Among the bills filed so far that relate to property/casualty insurance include: HB 259: Relating to named driver insurance policies and...
Tue, 13 Nov 2018 17:42:02 +0000
Five Alabama high school football players were injured in a locker room when a brick wall collapsed onto them while they were getting ready for a game. News outlets report that the Oakman High School players were in the visitor …
Tue, 13 Nov 2018 17:39:52 +0000
Chicago-based ISMIE Mutual Insurance Co., has partnered with the Indiana Osteopathic Association (IOA) and the Pennsylvania Osteopathic Medical Association (POMA) on a medical professional liability insurance program. Through the program, IOA and POMA ...
Tue, 13 Nov 2018 17:34:11 +0000
The NHL and attorneys for retired players announced a tentative settlement in the biggest lawsuit brought against the league over concussions and other head injuries. The lawsuit, consolidated in federal court in Minnesota and by far the largest facing...
Tue, 13 Nov 2018 17:31:51 +0000
Scott Molino Agency in Grove City, Ohio, has affiliated with Smith & Leavitt Insurance Services and will now do business as Leavitt Group Midwest-Smith, Molino & Sichko. The agency will continue to offer Nationwide insurance products. The affiliation w...
Tue, 13 Nov 2018 17:28:04 +0000
Texas Associates Insurors, based in Austin, has hired two new account managers in its expanding Employee Benefits Division. Esther Loaeza joins the agency with 30 years of experience in the industry. She has overseen the successful implementation and a...
Tue, 13 Nov 2018 17:25:47 +0000
More than 200,000 vehicles were burglarized last year in Texas, the Insurance Council of Texas reports. According to the Texas Department of Public Safety, the value loss from both auto thefts and burglaries in the state amounts to $1 billion. …
Tue, 13 Nov 2018 17:16:06 +0000
Alliant Insurance Services Inc. has named Amanda Posey a vice president. Posey, who is based in Orange County, Calif., will provide risk management and insurance solutions to a regional client base. Posey was previously a vice president with Aon Risk …
Tue, 13 Nov 2018 14:59:29 +0000
Online hospitality company Airbnb says its hosts generated about $1.1 million in tax revenue during the first year of its agreement with the state of Wyoming. The Wyoming Tribune Eagle reports that Airbnb started collecting and remitting taxes on behalf …
Tue, 13 Nov 2018 14:56:05 +0000
A wrongful death lawsuit filed against a Montana whitewater rafting company has been settled out of court. The Bozeman Daily Chronicle reported that the suit was settled mid-trial last week for an undisclosed amount. In 2015, Brian Niedermeyer died on …
Tue, 13 Nov 2018 14:53:52 +0000
A federal court jury has awarded a Montana man more than $2.1 million in a wrongful termination lawsuit against BNSF Railway following an on-the-job injury. Zachary Wooten, of Columbia Falls, sued BNSF alleging the company violated the Federal Rail Saf...
Tue, 13 Nov 2018 14:19:31 +0000
U.S. soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at least some …
Tue, 13 Nov 2018 14:18:04 +0000
The former manager of a Connecticut restaurant has been ordered by a judge to repay nearly $200,000 to the eatery’s owner. The Connecticut Post reports that the judge on Thursday ruled that Robert Manere’s explanation that he used the money …
Tue, 13 Nov 2018 14:09:03 +0000
A New York man has been arrested on charges that he defrauded the workers’ compensation system by claiming he was out of work due to an injury while continuing to work at his family business. Jeffrey Smalt of Bath, N.Y., …
Tue, 13 Nov 2018 13:56:21 +0000
Brown & Brown of Massachusetts LLC has acquired substantially all of the assets of Rodman Insurance Agency. With roots dating back to 1935, Rodman Insurance Agency specializes in providing property and casualty insurance products and services to commer...
Tue, 13 Nov 2018 13:38:55 +0000
A group of former employees at American International Group Inc. won a U.K. court ruling that may pave the way for them to be paid $100 million in bonuses dating back to the financial crisis. The 23 former traders, analysts …
Tue, 13 Nov 2018 11:52:44 +0000
JLT Re, the global reinsurance broker and consultant, announced the launch of JLT Re Iberia, which follows the acquisition of JLT March Re, the fourth largest Spanish insurance broker, from financial group Banca March. Previously, the two companies ope...
Tue, 13 Nov 2018 10:51:03 +0000
Brexit negotiators are working through the night in an effort to reach a deal, but the final stage of the talks is proving “immensely difficult,” U.K. Prime Minister Theresa May said. “The negotiations for our departure are now in the …
Tue, 13 Nov 2018 10:40:33 +0000
Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is Lloyd’s first Europe-wide operation and will bring Lloyd’s expertise closer to its customers and ...
Tue, 13 Nov 2018 10:15:31 +0000
Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent …
Tue, 13 Nov 2018 06:41:09 +0000
Resource Alliance, a human resources and employee benefits firm serving Georgia’s multifamily residential industry, has merged its operations with Higginbotham, an insurance and financial services firm serving midmarket companies. Resource Alliance wil...
Tue, 13 Nov 2018 06:07:28 +0000
A revised workers compensation rate filing for a 13.8 percent decrease by the National Council on Compensation Insurance has been approved by Florida Insurance Commissioner David Altmaier. The amended filing to NCCI’s August rate request of 13. 4 perce...
Tue, 13 Nov 2018 06:00:45 +0000
California utilities are facing the very real possibility that billion-dollar blazes could become an annual occurrence, and they don’t know how to pay for them. Shares of the state’s two largest utilities plummeted Monday after both PG&E Corp. and Edis...
Tue, 13 Nov 2018 06:00:27 +0000
Two U.S. pilots’ unions say the potential risks of a safety feature on Boeing Co.’s 737 Max aircraft that has been linked to a deadly crash in Indonesia weren’t sufficiently spelled out in their manuals or training. Boeing and the …
Tue, 13 Nov 2018 06:00:22 +0000
Airbnb Inc., following Alphabet Inc.’s Google, Facebook Inc. and Uber Technologies Inc., said it would not force employees who filed sexual harassment claims to settle those cases in private arbitration. Airbnb also said it would not require employees ...
Tue, 13 Nov 2018 06:00:03 +0000
California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among the industry’s most costly. The lates...