Fri, 24 Feb 2017 17:53:50 +0000
A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. Senate Bill 10, filed by …
Fri, 24 Feb 2017 17:40:15 +0000
The Sacramento County District Attorney’s Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to 90 days in jail and five years’ formal probation, and ordered her to pay $1,781 in …
Fri, 24 Feb 2017 17:32:19 +0000
Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the insurance industry to her …
Fri, 24 Feb 2017 17:02:34 +0000
A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case. The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity Financial Corp. in 2013 and issued …
Fri, 24 Feb 2017 17:01:23 +0000
RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general agency that has served the ener...
Fri, 24 Feb 2017 16:37:21 +0000
GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers mono-line commercial auto polic...
Fri, 24 Feb 2017 16:31:03 +0000
Tampa, Fla.-based insurance brokerage Baldwin Krystyn Sherman Partners (BKS) has partnered with D&M Insurance Solutions, LLC (D&M), a Clearwater, Fla.-based insurance consulting and brokerage firm. The partnership was finalized on Feb. 22, 2017. D&M fo...
Fri, 24 Feb 2017 16:22:55 +0000
SUNZ Holdings has appointed Theodore “Ted” G. Bryant, Esq. to the position of executive vice president and chief legal officer of SUNZ Holdings and will report directly to Steven F. Herrig, CEO and chairman of the board. In this newly …
Fri, 24 Feb 2017 16:16:42 +0000
Women who have abortions in Florida would find it easier to sue the doctors who performed the procedure, under a contentious bill now moving through the state House. But it’s unclear if the legislation – which has been opposed by …
Fri, 24 Feb 2017 16:09:48 +0000
House Republicans filed 10 proposals Wednesday aimed at curbing South Carolina’s rampant prescription painkiller problem and promised more legislation would follow. “We wanted to get the ball rolling. This is just the first step,” said Rep. Eric Beding...
Fri, 24 Feb 2017 15:47:40 +0000
Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The “...
Fri, 24 Feb 2017 15:10:02 +0000
U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates t...
Fri, 24 Feb 2017 14:57:29 +0000
European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots including self-driving cars. B...
Fri, 24 Feb 2017 14:46:16 +0000
The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six years ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine, built by …
Fri, 24 Feb 2017 14:39:59 +0000
A breach that allowed 11 people to walk through an unattended security checkpoint lane at one of the nation’s busiest airports has some travelers scratching their heads about how this could happen even with the enhanced security measures put in …
Fri, 24 Feb 2017 14:32:10 +0000
Reports of  drone safety violations continued to increase during 2016. There were 1,274 reports from February through September last year, compared with 874 for the same period in 2015 — a 46 percent increase. The Federal Aviation Administration (FA...
Fri, 24 Feb 2017 14:30:38 +0000
A man who spent more than three decades in prison for a crime he didn’t commit could be getting $1.55 million from the state of Virginia. The Richmond Times-Dispatch reports that a bill to provide compensation to 60-year-old Keith Allen …
Fri, 24 Feb 2017 14:23:23 +0000
Spacecraft use it to measure distance. Farmers use it to work out which fields need fertilizer. Archaeologists use it to map topography. And, crucially for Uber Technologies Inc. and Alphabet Inc.’s Waymo, self-driving cars use lidar to navigate. As ca...
Fri, 24 Feb 2017 13:44:35 +0000
Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired Mark J. Goyer as vice president and sales executive within Eastern Benefits Group, the insurance firm’s employee benefits division. Goyer, who works out of the...
Fri, 24 Feb 2017 13:33:49 +0000
Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even …
Fri, 24 Feb 2017 12:38:11 +0000
XL Catlin has launched a $500,000 fund to support “early career scientists” undertaking research into the changing ocean environment. The XL Catlin Ocean Risk Grants will be awarded to scientists for final year BSc, Masters and PhD research. The fund ...
Fri, 24 Feb 2017 11:48:24 +0000
With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been sidelined in this market due to …
Fri, 24 Feb 2017 11:16:40 +0000
Third Point Reinsurance Ltd. announced that John Berger, chairman and CEO, will be stepping down as CEO effective March 1, 2017. Robert Bredahl, currently president and chief operating officer, will succeed Berger as CEO of Third Point Re on March 1...
Fri, 24 Feb 2017 10:15:48 +0000
British authorities have arrested a suspect in connection with a cyber attack that infected nearly 1 million routers used to access Deutsche Telekom’s internet service, German federal police said on Thursday. Britain’s National Crime Agency detained ...
Fri, 24 Feb 2017 07:55:25 +0000
The Navigators Group Inc. said that David J. Draper has joined the company as head of International Casualty. Draper is responsible for developing Navigators’ international casualty business outside of the United States in Europe, including in the UK, ...
Fri, 24 Feb 2017 06:00:07 +0000
Thirty years ago, a person of means could walk into an import car dealership, drop a sum that would double the average annual household income, and drive out with a grand touring coupe—a two-door, four-seater powered by a prodigious, smooth, natura...
Fri, 24 Feb 2017 03:26:45 +0000
WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines coverage in niche and underserved seg...
Fri, 24 Feb 2017 03:08:46 +0000
As a result of the heavy snow and ice statewide in January, more Oregon workers suffered slips, trips and falls than in any recent January, according to SAIF data. SAIF is Oregon’s not-for-profit, state-chartered workers’ compensation insurance company...
Fri, 24 Feb 2017 03:03:22 +0000
Cavignac & Associates, a San Diego-based risk management and insurance brokerage firm, has hired Stephen Watson as a junior account executive. His principle area of focus will be on professional liability. Watson previously was employed as assistant ma...
Fri, 24 Feb 2017 02:57:05 +0000
Minot officials have drafted a new governance structure for the city in hopes of giving momentum to its disaster resilience program. City Manager Tom Barry outlined the plan to the Minot City Council earlier this month, the Minot Daily News …