Industry News2017-11-11T17:37:30+00:00
Industry News
  • ProWriters Launches Online Cyber Insurance Portal
    ProWriters has launched Cyber Insurance Portal exclusively for insurance agents and brokers that is designed to streamline the insurance comparison process by allowing brokers to instantly compare rates for their clients from multiple carriers. The Cyber Insurance Portal offers agents … ... read more
    Source: Insurance JournalPublished on 2018-11-16
  • Severe Weather Causes Tour Bus to Overturn in Memphis, 2 Killed
    A tour bus overturned on an icy highway ramp south of Memphis on Wednesday, leaving two people dead and several others injured as a pre-winter storm blasted parts of the South with an early shot of sleet, light snow and … ... read more
    Source: Insurance JournalPublished on 2018-11-16
  • Nationwide Insurance Cutting 1,000 Jobs
    Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des Moines and 350 in Columbus, Ohio, were told … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • California Commissioner Wants Fire Claims Expedited, 9K Properties Lost
    California Insurance Commissioner Dave Jones on Thursday issued a notice to insurers requesting they agree to expediting claims handling for Camp and Woolsey wildfire survivors to help them begin the recovery and rebuilding process more quickly. The Camp Fire, the … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Flo, Jake, Gecko Lookalikes Part of Climate Change Protest at NAIC Meeting
    An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry for its investments in … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Wells Media Group Names de la Mora Sales Manager of Claims Journal
    San Diego, Calif.-based Wells Media Group Inc. has named Kelly de la Mora sales manager of Claims Journal. De La Mora is responsible for all sales of Claims Journal advertising products. She was previously senior sales and marketing coordinator for … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Ratings of Missouri’s Savers Property and Casualty Insurance Under Review
    A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “bbb+” of Savers Property and Casualty Insurance Co. (Savers) in Clayton, Missouri. The ratings … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Nebraska Seeking New Ways to Warn Drivers About Deer
    You’ve seen them — the yellow signs along the state’s rural roadways that warn of a deer crossing ahead. Trouble is, researchers say, we mostly ignore such warnings. It presents a quandary for highway safety officials in Nebraska seeking to … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Company Faces OSHA Fines Due to Farmworker’s Death in Nebraska
    A federal safety agency has proposed fining a company in connection with the death of an employee who was working in a Hall County, Nebraska, cornfield. The Occupational Safety and Health Administration is proposing penalties of more than $11,600 for … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Universal Insurance Adds Anderson in Oklahoma
    Carol Anderson has joined Universal Insurance, a subsidiary of First United Bank, as an employee benefits insurance advisor in Sapulpa, Oklahoma. Operating out of First United Bank in Sapulpa, Anderson will be partnering with current bank locations and customers in … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Benefitfocus Opens New Tulsa Office
    Benefitfocus Inc., a cloud-based benefits management platform and services provider, has opened a new office in Tulsa, Oklahoma. The company, headquartered in Charleston, has had a presence in Tulsa since 2010 and recently moved to a larger space to accommodate … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Tower Hill Specialty Expands Property Insurance Offerings to Missouri
    Ohio-based insurance provider Tower Hill Specialty LLC says its property insurance products available are now available in Missouri. A subsidiary of Tower Hill Insurance Group LLC headquartered in Gainesville, Florida, Tower Hill Specialty provides homeowners, dwelling fire, manufactured housing and … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Gas Leak Blamed for Deadly Texas Hospital Blast
    Investigators say an explosion that killed three people and injured 13 others at a Texas hospital this year was caused by natural gas that leaked into a boiler room and an adjacent mechanical room. The Waco Tribune-Herald reports that investigators … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Cathay Pacific’s Data Breach Scrutinized by 27 Regulators in 15 Jurisdictions
    Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident. The executives did … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Ambulatory Centers’ Surgery Costs Below Hospitals’, Workers’ Comp Research Finds
    There is new evidence that ambulatory surgery centers are less expensive for certain surgeries than hospitals. Payments for similar knee and shoulder surgeries performed in ambulatory surgery centers (ASCs) were lower compared with hospital outpatient departments in 14 of 18 … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • California Issues Emergency Declaration to Allow Out-of-State Adjusters to Help with Fire Claims
    California Insurance Commissioner Dave Jones has declared an emergency situation, which allows insurance companies to use out-of-state adjusters to help handle the large volume of claims resulting from the Camp and Woolsey Fires. The Camp Fire, the deadliest and most … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Mass. Contractor Faces $311K in Penalties for Exposing Workers to Safety Hazards
    Northeast Framing Inc., a contractor based in Lunenberg, Mass., has been cited by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for exposing workers to falls and other hazards following an employee’s fatal fall at an East … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • New Jersey Court Ruling Could Erase 20K Drunken Driving Convictions
    A ruling issued Tuesday by the New Jersey Supreme Court could cause more than 20,000 drunken driving convictions to be vacated. The justices unanimously found that criminal charges pending against a state police sergeant made breath-testing device test results from … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms
    JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More commonly known for flood maps and models, JBA collaborated with Chaucer through its office in Singapore to develop this probabilistic … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Officials Confirm Five More Measles Cases in Central New Jersey Community
    New Jersey health officials have confirmed five more cases of measles in a central New Jersey community. The latest confirmed cases bring the total to 11 in Ocean County. Officials say the infected people may have exposed others to the … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Safety Board Hearing Probes Fatal Southwest Airlines Boeing 737 Explosion
    The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger. Dallas-based Southwest has been under scrutiny since an engine on a flight headed … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Markel Completes Acquisition of Investment Manager Nephila
    Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will continue to operate as a separate business unit. The management … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • Danske Bank’s Money Laundering Could Implicate Other Banks: Whistleblower Lawyer
    Danske Bank’s 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said. Stephen Kohn, a partner at U.S. … ... read more
    Source: Insurance JournalPublished on 2018-11-15
  • NFIB: Californias Rules Not a Fit for Colorado
    Small-business association testifies against departments proposal. ... read more
    Source: NFIB News ReleasesPublished on 2018-11-15
  • Swiss Re Corporate Solutions Appoints Tardif as Head Aviation Canada
    Swiss Re Corporate Solutions has appointed Simon Tardif as head Aviation Canada, effective Oct. 29, 2018. In this role, Tardif will be responsible for the growth and strategy of the aviation team across Canada. He has relocated from Paris, France … ... read more
    Source: Insurance JournalPublished on 2018-11-15