Mon, 23 Apr 2018 01:44:48 +0000
U.S. and European airline regulators on Friday ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest Airlines engine blowout last week, citing risks of a similar mishap. The directi...
Mon, 23 Apr 2018 01:00:57 +0000
Australia’s competition watchdog on Monday supported massive increases in financial penalties for companies caught doing the wrong thing, after widespread misconduct was exposed by an ongoing inquiry into the financial sector. Australian Competition an...
Mon, 23 Apr 2018 01:00:49 +0000
If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it. The online social network is making changes that …
Mon, 23 Apr 2018 01:00:45 +0000
Wells Fargo & Co. will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. The penalty was …
Mon, 23 Apr 2018 01:00:35 +0000
Bets on Spanish housing and oil assets helped Blackstone Group LP mitigate stock market jitters that weighed on it in the first quarter, with earnings at the world’s largest manager of alternative assets falling less than expected. Profits have soared …
Mon, 23 Apr 2018 04:46:08 +0000
AssuredPartners, Inc. has acquired The Elan Group of Tampa, Fla., an employee benefits firm specializing in the design, enrollment and service of employee benefits plans. The company’s staff of 21 will remain under the leadership of CEO Ross Hays and …
Mon, 23 Apr 2018 04:30:05 +0000
K&K Insurance Group, Inc., a subsidiary of Aon plc has launched a new insurance program designed for the emerging market of eSports teams and events. Coverage offered includes sanctioned events, office premises, scheduled premises of the eSport team pr...
Mon, 23 Apr 2018 04:25:31 +0000
A.M. Besthas downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” from “bbb” of MedMal Direct Insurance Co., headquartered in Jacksonville, Fla. The outlook of these Credit Ratings (ratin...
Mon, 23 Apr 2018 00:25:11 +0000
ProSight Specialty Insurance (ProSight) has launched ProSight Direct, an online sales platform that allows potential insureds purchase insurance coverage through a simplified application. Because of ProSight’s experience in the live entertainment segme...
Sun, 22 Apr 2018 22:30:52 +0000
Southwest Airlines Co. confirmed Friday it has sent $5,000 checks to passengers aboard a flight that made an emergency landing this week after an engine failed, killing a passenger. The airline confirmed news reports from passengers it had sent the …
Fri, 20 Apr 2018 12:49:45 +0000
Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers through Aspen American Insurance Co., part of Aspen Insurance Holdings Limited. The policy targets a range of insur...
Fri, 20 Apr 2018 16:44:20 +0000
A woman who suffered a traumatic brain injury in a thrill ride accident at last year’s Ohio State Fair will receive $1.8 million. A judge this week approved the settlement that calls for the ride’s owner, Amusements of America, and …
Fri, 20 Apr 2018 16:38:44 +0000
The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey. Workers this week are assessing the storm’s destruction to the Harris County Flood Control District’s 2,500 miles...
Fri, 20 Apr 2018 16:34:13 +0000
Firefighters are hoping higher humidity and milder winds will help them fight wildfires in Oklahoma, though conditions are critical in Arizona and New Mexico. U.S. Forest Service spokesman Todd Schroeder said on April 19 that a fire near Leedey, about …
Fri, 20 Apr 2018 16:33:32 +0000
A Florida man has been sentenced to more than a year in prison for his role in a $23 million auto insurance fraud involving chiropractors’ clinics. The SunSentinel reports 55-year-old Jason Dalley wept in court April 16 as a judge …
Fri, 20 Apr 2018 16:30:48 +0000
A school bus and a semitractor-trailer collided in Florida, slightly injuring six high school students. News outlets report the bus was carrying about 18 students when it crashed Wednesday in Brooksville, about 50 miles (80 kilometers) north of Tampa. ...
Fri, 20 Apr 2018 16:29:50 +0000
A 44-year-old Louisiana man has admitted setting nine fires in his neighborhood — the last six on his own street. Authorities say he confessed while being interviewed about the last fire, which was set in a car outside his home. …
Fri, 20 Apr 2018 16:29:11 +0000
West Virginia regulators are monitoring a damaged dam in the northern part of the state that could potentially fail. The state Department of Environmental Protection says in a news release a worker with the town of Lumberport notified authorities Wedne...
Fri, 20 Apr 2018 16:26:32 +0000
German prosecutors may widen an investigation into auto supplier Robert Bosch over its suspected involvement in emissions test cheating to include dealings with Fiat, Ford, General Motors and Hyundai, according to the Stuttgart public prosecutor’s offi...
Fri, 20 Apr 2018 16:26:02 +0000
Authorities in rural Arkansas are investigating the theft of more than $50,000 worth of equipment from a farm owned by former NBA star Scottie Pippen. Investigator Mark Griever of the Ashley County Sheriff’s Office says two tractors were stolen from …
Fri, 20 Apr 2018 16:23:53 +0000
Gov. Scott Walker’s administration filed a request with the federal government seeking a waiver that would allow Wisconsin to offer a $200 million reinsurance program designed to lower premiums and attract more providers to the private marketplace. Wal...
Fri, 20 Apr 2018 16:21:30 +0000
Congress is headed for a “major showdown” over the flood insurance program, according to an insurance broker lobbyist who notes that the program expires July 31, right in the middle of hurricane season. That also happens to be the very …
Fri, 20 Apr 2018 16:21:21 +0000
Ratings agency A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” for the members of the AmeriTrust Insurance Group …
Fri, 20 Apr 2018 15:16:28 +0000
Five New York residents have been arrested in a staged slip-and-fall accident scheme that attempted to defraud New York City-area businesses and their insurance companies of more than $31.7 million. Peter Kalkanis, Bryan Duncan, Kerry Gordon and Ryan R...
Fri, 20 Apr 2018 15:02:39 +0000
David Copperfield testified this week that he didn’t know until he was sued that a British tourist claimed to have been seriously injured while taking part in an illusion during a performance on the Las Vegas Strip in 2013. Although …
Fri, 20 Apr 2018 14:58:25 +0000
Los Angeles should consider legal action against Waze over complaints that the traffic navigation app is recklessly guiding motorists off thoroughfares and into residential neighborhoods in search of shorter or quicker routes, a city council member sai...
Fri, 20 Apr 2018 14:44:45 +0000
Denver, Colo.-based Valen Analytics has named Kirstin Marr president of the firm. Dax Craig, who was Valen’s president and CEO since co-founding the company in 2004, will remain with Valen in an advisory role. Marr lead growth and marketing initiatives …
Fri, 20 Apr 2018 14:40:06 +0000
The Idaho Department of Insurance has approved a proposal from the National Council on Compensation Insurance for another 3.4 percent decrease to workers’ compensation insurance rates. The decrease is effective for policies issued or renewing after May...
Fri, 20 Apr 2018 13:12:12 +0000
New York Governor Andrew Cuomo on Thursday ramped up pressure on banks and insurers to revisit whether their ties to the National Rifle Association and other gun rights groups harm their reputations and the public interest. Cuomo, a Democrat, noted …
Fri, 20 Apr 2018 13:08:48 +0000
Specialty Program Group LLC (SPG), an insurance holding company for specialty brokerages and underwriting facilities, has launched Eastern Pennsylvania-based New Heights Insurance Solutions (New Heights). New Heights President Megan Rose joined SPG as ...