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North Carolina Police Report Rise in Gun Thefts from Cars - A North Carolina police department says it’s concerned about a sharp increase in the number of firearms stolen from vehicles. The Charlotte-Mecklenburg Police Department told a news conference last week that it’s seen an increase of nearly 20% in the …...
Feed Source: www.insurancejournal.com

FEMA Officials Arrested on Fraud Charges Linked to Puerto Rico Hurricane Maria Aid - Federal Emergency Management Agency officials who oversaw the reconstruction of Puerto Rico’s electrical grid and the former president of Cobra Acquisitions were arrested on fraud and conspiracy charges linked to recovery efforts from Hurricane Maria, according to federal prosecutors. FEMA’s …...
Feed Source: www.insurancejournal.com

Insurance Linked Securities in 2019: Asking the Right Questions - The record losses we saw in 2017 and 2018 were felt heavily by the insurance industry, and there is no denying that two years of losses have affected investor sentiment. While such a statement is hardly surprising, it is notable …...
Feed Source: www.insurancejournal.com

NCCI Proposes 5.4% Decrease in Florida Workers? Comp Rates - Florida businesses will see another workers’ comp rate decrease next year if the latest filing by the National Council on Compensation Insurance (NCCI) is approved by Florida regulators. Carrier results continue to be favorable in the segment thanks to many …...
Feed Source: www.insurancejournal.com

From Analyzing Celebrities to Reinventing Insurance - Janet Comenos is co-founder and chief executive officer of the Boston-based predictive analytics startup named Spotted that matches companies with celebrities for endorsements and advertising. Comenos and Spotted have parlayed their expertise in celebrity analytics and advertising into an insurance …...
Feed Source: www.insurancejournal.com

The Remaking of Disgrace Insurance - As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with celebrities for endorsements and advertising. Lately Comenos has been …...
Feed Source: www.insurancejournal.com

Reliance Global Completes Acquisition of Michigan?s Altruis Benefit Consulting - Reliance Global Group Inc. has completed its acquisition of Bingham Farms, Michigan-based Altruis Benefit Consulting. The acquisition follows a letter of intent between the parties as previously announced on May 8, 2019. Altruis serves customers throughout Michigan, specializing in providing …...
Feed Source: www.insurancejournal.com

Oregon Workers? Compensation Costs to Drop in 2020 - Oregon businesses will another drop in workers’ compensation costs in 2020. Employers in the state next year will pay an average of $1.02 per $100 of payroll for workers’ comp, down from $1.11 in 2019, under a proposal by the …...
Feed Source: www.insurancejournal.com

Consumer Group Wants AG to Probe California Insurance Regulator Over 2nd Home - Consumer Watchdog is calling on California Attorney General Xavier Becerra and the district attorneys for Sacramento, Los Angeles and San Francisco counties to launch an investigation over the potential theft of public funds. The call follows a report in Politico …...
Feed Source: www.insurancejournal.com

Reliance Global Completes Transfer of Southwestern Montana Insurance - Reliance Global Group Inc. has transferred into RELI both Southwestern Montana Insurance, as well as Fortman Insurance Agency LLC in Ohio. As previously announced in April and May, Southwestern Montana Insurance and Fortman Insurance Agency, had been acquired by the …...
Feed Source: www.insurancejournal.com

New Ironshore Environmental App Offers Real-Time Incident Alerts, Reporting - Ironshore Environmental introduced IronResponse, a smartphone app that allows risk managers real-time access to claims professionals upon immediate notice of an environmental incident. IronResponse simplifies the reporting of an environmental event and offers additional value-added services and resources to assist …...
Feed Source: www.insurancejournal.com

Service American Names Risk Transfer Insurance Agency as New Program Partner - Austin, Texas-based Service American Indemnity Co. (SAIC), national provider of program services, has added Risk Transfer Insurance Agency as the newest partner to support its continued national growth in workers’ compensation. Risk Transfer Insurance Agency (RTIA) is a full-service commercial …...
Feed Source: www.insurancejournal.com

Federal Lawsuit Accuses KU Medical Center of Age Discrimination, Retaliation - A federal lawsuit filed Sept. 6 accuses the University of Kansas Medical Center of discharging an employee who reported age discrimination practices by a department head. The lawsuit against the Kansas City, Kansas-based medical center was filed by the U.S. …...
Feed Source: www.insurancejournal.com

Nebraska?s Emergency Management Agency Strained by Record Floods - Nebraska state emergency officials who faced record floods this summer are now scrambling to boost their ranks with more workers to help residents recover and rebuild their communities. The Nebraska Emergency Management Agency plans to hire 17 new employees in …...
Feed Source: www.insurancejournal.com

Ohio?s Hylant Adds Towle as Sr. VP ? Global Captive Solutions Business - Anne Marie Towle has joined Ohio-based independent insurance brokerage Hylant as senior vice president in Hylant’s Global Captive Solutions business unit. Towle’s leadership in the captive insurance industry aligns with Hylant’s dedication to industry leading service line development with a …...
Feed Source: www.insurancejournal.com

Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter - Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance broker Guy Carpenter. The report titled “The Changing Nature …...
Feed Source: www.insurancejournal.com

TV Show ?Young Sheldon? Fined for Fake Tornado Warning - The hit CBS Corp. comedy “Young Sheldon” about a child genius, wasn’t so smart when it came to a mock tornado warning, according to the Federal Communications Commission. Even modified, the tornado warning sounded too much like the Emergency Alert …...
Feed Source: www.insurancejournal.com

Officials: Half of Texas Local Governments Hit by Ransomware Have Recovered - Texas authorities say they aren’t aware of any money paid to hackers who used ransomware to target more than 20 communities last month. The Texas Department of Information Resources said in a statement that more than half of the local …...
Feed Source: www.insurancejournal.com

3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures - Although the insurance market is awash with capacity and competition, two new specialty companies?a re/insurer and a broker?formed earlier this year, aiming to create something new and different for their clients. First, well-known industry veterans Stephen Catlin and Paul Brand, …...
Feed Source: www.insurancejournal.com

Oregon Pot Racketeering Lawsuit Allowed to Proceed - A judge has ruled that a racketeering lawsuit brought by a vineyard against a neighboring marijuana operation can go forward despite attempts to have it dismissed ? a ruling that could increase the odds for vineyards and other agricultural businesses …...
Feed Source: www.insurancejournal.com

Outrage over PG&E?s Plan to Cap California Wildfire Liabilities at $18B - California utility giant PG&E Corp. has issued its long-awaited plan for emerging from the largest utility bankruptcy in U.S. history: Raise debt, offer equity and cap the wildfire liabilities that led to its collapse at $18 billion ? less than …...
Feed Source: www.insurancejournal.com

California Highway Barrier Wasn?t Repaired Prior to Fatal Tesla Crash - California state transportation officials failed to repair a highway safety device seriously damaged in a high-speed crash 11 days before a fatal collision in March 2018 involving a Tesla in Autopilot mode, the National Transportation Safety Board said Monday. In …...
Feed Source: www.insurancejournal.com

Five Cases of Lung Disease in Connecticut Possibly Linked to Vaping - Connecticut public health officials say they are now investigating five cases of lung disease in state residents possibly related to the use of e-cigarettes or vaping products. The state Department of Public Health on Friday said it had learned of …...
Feed Source: www.insurancejournal.com

New York Department of Transportation Employee Arrested for Workers? Comp Fraud - A New York State Department of Transportation employee has been arrested on charges that he defrauded the workers’ compensation system and stole more than $11,000 in insurance benefits to which he was not entitled. Joshua D. Newman, of North Road …...
Feed Source: www.insurancejournal.com

Risk Strategies Appoints Flanagan as New England Regional Operations Leader - Risk Strategies, a privately held national insurance brokerage and risk management firm, has appointed Edward J. Flanagan, a veteran broker and sales leader, as New England regional operations leader. Flanagan will succeed John Scroope, who has been promoted to the …...
Feed Source: www.insurancejournal.com

Partners General Insurance Agency Hires Farrell, Opens Connecticut Office - Partners General Insurance Agency (PGIA) has hired Thomas Farrell as senior vice president to start up its Connecticut branch of operations. Farrell will be writing on Ategrity Specialty Insurance Company paper which has an exclusive MGU appointment with Partners General …...
Feed Source: www.insurancejournal.com

Title Insurers Fidelity National, Stewart Information Call Off Merger - Fidelity National Financial and Stewart Information Services Corp. have agreed to terminate FNF’s proposed merger with Stewart due to the Federal Trade Commission’s issuance of an administrative complaint seeking to block the merger. FNF said it will make a payment …...
Feed Source: www.insurancejournal.com

Nephila Launches Independent Lloyd?s Managing Agency - Nephila Capital, the Bermuda-based specialist ILS re/insurer and investment manager, has received UK regulatory approval to establish its own Lloyd’s managing agency. The new entity, Nephila Syndicate Management Ltd. (NSML), will launch on Oct. 11, 2019. Since 2013, Nephila has …...
Feed Source: www.insurancejournal.com

India?s Reliance Capital Ends Talks to Sell Its General Insurance Unit - Reliance Capital Ltd. has called off a sale of its general insurance unit to Hero Fincorp, forcing embattled Indian tycoon Anil Ambani to look for options as he seeks to reduce debt, people familiar with the matter said. The talks …...
Feed Source: www.insurancejournal.com

Marsh Appoints Smith as Chairman and CEO of UK Aviation Practice - Marsh announced the appointment of Andy Smith as chairman and CEO of its UK Aviation Practice, within Marsh JLT Specialty. Smith is based in London and reports to Paul Moody, UK CEO, Marsh JLT Specialty, and Simon Harker, global head …...
Feed Source: www.insurancejournal.com

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