Thu, 21 Sep 2017 05:25:31 +0000
A Florida home has been partially swallowed up by a massive sinkhole. Orange County Fire Rescue spokeswoman Kat Kennedy says crews responded Tuesday morning, shortly after the Apopka house began sinking. She says the sinkhole measured about 20 feet acr...
Thu, 21 Sep 2017 05:00:41 +0000
As homeowners continue to file insurance claims in the wake of Hurricanes Harvey and Irma, a research report released by the Rutgers Center for Risk and Responsibility at the Rutgers Law School in Camden, N.J., suggests many could find that …
Thu, 21 Sep 2017 05:00:25 +0000
AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion) of assets under management, sources familiar with the …
Thu, 21 Sep 2017 05:00:10 +0000
Allstate Corp.’s Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not overburden taxpayers. Allstate, the second-largest ...
Thu, 21 Sep 2017 05:00:08 +0000
Insurance-industry groups said Wednesday that they oppose a Republican proposal to repeal and replace the Affordable Care Act, joining health-care providers in asking Senators to reject the bill. America’s Health Insurance Plans and the Blue Cross Blue...
Thu, 21 Sep 2017 04:49:27 +0000
Anthony L. Johnson, chief executive officer of First Light Program Managers, Inc. and James A. Butler, president of Piedmont Transportation Underwriters, Inc. of Winston-Salem, North Carolina announced an agreement for First Light Program Managers to a...
Thu, 21 Sep 2017 04:43:24 +0000
A West Virginia high school will close for the rest of the week after high levels of mold and carbon dioxide were found inside nearly a third of its buildings. News outlets report Capital High School in Charleston announced Monday …
Thu, 21 Sep 2017 04:36:49 +0000
Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings. The ratings agency said these losses will represent a substantial near-term ...
Thu, 21 Sep 2017 04:20:20 +0000
Prospect General Insurance Agency has partnered with Fortegra Financial Corporation, a Tiptree Financial, Inc. company to offer an admitted tenant legal liability program that allows landlords to protect properties from tenant caused damage. The progra...
Thu, 21 Sep 2017 00:20:15 +0000
Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing widespread flooding and knocking power out across the island after killing at least nine people …
Wed, 20 Sep 2017 16:55:01 +0000
XL Catlin has added two optional coverages to its professional liability insurance for architects, engineers and other design businesses in Canada: employment practices liability (EPL) Insurance and cyber insurance coverage. The optional EPL coverage i...
Wed, 20 Sep 2017 16:48:54 +0000
Describing Hurricane Irma as a “catastrophic event” after viewing its destruction from the air, Gov. Nathan Deal promised last week that the state will pay local governments’ share for cleaning up storm debris along the Georgia coast. Deal got a …
Wed, 20 Sep 2017 15:30:14 +0000
Editor’s Note: This is a republication of a January, 2013 article by Sally Coombs, who was then with Fireman’s Fund Insurance Co, which is now integrated into Allianz Global Corporate & Specialty (AGCS). Also, Insurance Journal’s Academy of Insurance w...
Wed, 20 Sep 2017 15:16:36 +0000
The owner of an Ohio home where a fire killed two adults and two girls is settling a lawsuit claiming she’s liable because the rental property lacked smoke detectors. Cleveland.com reports owner Joni Laidig and her insurer agreed to pay …
Wed, 20 Sep 2017 15:12:49 +0000
The U.S. Geological Survey reports that a small earthquake in southeastern Illinois was felt across parts of Illinois, Indiana and Kentucky. The USGS says the preliminary 3.8-magnitude earthquake occurred at 6:47 a.m. Central Time on Sept. 19 about 7 1...
Wed, 20 Sep 2017 15:12:05 +0000
The hurricanes that battered Texas and Florida have likely spawned the worst disaster-created housing crisis since Hurricane Katrina left hundreds of thousands of Gulf Coast residents without homes more than a decade ago. The Federal Emergency Manageme...
Wed, 20 Sep 2017 14:21:16 +0000
The Zebra, an online auto insurance comparison marketplace, plans to use $40 million in new venture funding to double down on brand building, product expansion and customer outreach. Company co-founder and Chief Operating Officer Joshua Dziabiak told C...
Wed, 20 Sep 2017 14:16:14 +0000
Nevada’s top state prosecutor says 24 people have been indicted in a scheme alleging they staged car crashes and filed about $500,000 worth of fraudulent insurance claims in Las Vegas. Attorney General Adam Laxalt said the 68-count indictment filed last …
Wed, 20 Sep 2017 14:13:47 +0000
A small earthquake with an epicenter just outside Los Angeles had people in Southern California talking on social media. The U.S. Geological Survey confirmed a magnitude-3.6 quake hit at about 11:20 Monday night. Its epicenter was about 3.6 miles north...
Wed, 20 Sep 2017 14:09:40 +0000
Many insurers and reinsurers in the Caribbean and in Puerto Rico will be tested as they brace for Hurricane Maria, the second hurricane to hit the region in two weeks, according to ratings agency A.M. Best. Hurricane Maria could be …
Wed, 20 Sep 2017 13:48:10 +0000
New York state officials have deployed members of the National Guard and specialized emergency response units to Long Island to prepare for potentially severe weather caused by Hurricane Jose. Gov. Andrew Cuomo says 100 members of the National Guard, 13 …
Wed, 20 Sep 2017 13:47:18 +0000
Prosecutors say a former Kansas banker has been sentenced to prison eight months in prison for a wire fraud scheme that included the theft of funds from Labette Bank and its insurance company subsidiary, as well as filing false tax …
Wed, 20 Sep 2017 13:45:35 +0000
MarketScout, the Dallas, Texas based insurance exchange and specialty MGA, has expanded its Professional Liability Division with the addition of Michele Vincent as vice president, healthcare practice leader. Vincent joins the professional liability pra...
Wed, 20 Sep 2017 13:43:32 +0000
A former postal worker who had claimed a wrist injury prevented him from working posted photos of himself zip-lining and rappelling, state authorities said Monday as they announced insurance fraud and theft charges. Robert McGeehan, of Lower Township, ...
Wed, 20 Sep 2017 13:41:21 +0000
Arkansas Insurance Commissioner Allen Kerr has approved two new companies to begin conducting insurance business in his state. Kerr granted a Certificate of Authority to Security First Insurance Co. (SFIC) of Ormond Beach, Fla., to sell property/casual...
Wed, 20 Sep 2017 13:39:23 +0000
Arch Capital Group Ltd. announced that Nicolas Papadopoulo will become chairman and CEO of Arch Worldwide Insurance Group and chief underwriting pfficer for Property & Casualty operations. Papadopoulo, who joined Arch in 2001 and currently serves as ch...
Wed, 20 Sep 2017 13:33:41 +0000
The Independent Insurance Agents & Brokers of New York (IIABNY) has announced that Lisa K. Lounsbury has been appointed as the organization’s permanent president and chief executive officer. She has been acting on an interim basis in that role since …
Wed, 20 Sep 2017 13:19:44 +0000
The tour bus company involved in a crash with a city bus that killed three in New York City has been cited for several safety violations and was involved last year in another deadly collision, according to federal regulators. The …
Wed, 20 Sep 2017 13:02:02 +0000
XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union. The insurer and reinsurer (parent company of XL Catlin) …
Wed, 20 Sep 2017 12:42:34 +0000
In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the nation’s vegetable and fruit crops aren’t covered. Hurr...