September 18, 2020
Fri, 18 Sep 2020 13:37:32 +0000
New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the charges by New York’s Department of ...
Fri, 18 Sep 2020 13:34:23 +0000
KMRD Partners has hired Greg Chaples to its team as a sales and relationship manager in its Warrington, Penn., office. KMRD Partners is a risk management and human capital consulting and insurance brokerage firm with offices located throughout Pennsylv...
Fri, 18 Sep 2020 13:25:30 +0000
Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group LLC (MAG). Both agencies will supp...
Fri, 18 Sep 2020 12:07:12 +0000
Beazley has restructured its Executive Risk leadership structure in the United States, which aims to support greater knowledge sharing and collaboration within the global executive risk teams and will focus on developing innovative insurance solutions ...
Fri, 18 Sep 2020 08:53:51 +0000
The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters. Britain left the …
Fri, 18 Sep 2020 08:46:49 +0000
Former Bank of England Governor Mark Carney will join the advisory board of PIMCO, one of the world’s biggest bond investment companies, adding to his existing roles with the United Nations and a Canadian asset manager. Carney will work alongside …
Fri, 18 Sep 2020 08:35:43 +0000
Londoners are slowly returning to work in offices, factories and stores after children went back to school at the start of the month. Data compiled by Google show workplace attendance has increased slightly in three of the UK capital’s main …
Fri, 18 Sep 2020 08:23:03 +0000
Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a broker he knows. “It isn’t a …
Fri, 18 Sep 2020 07:50:10 +0000
Convex Group Ltd., the specialty insurer and reinsurer, announce that Matt Paskin has been appointed as CEO of Convex Re Ltd. (Bermuda) and Theo Butt has been appointed as CEO of Convex Insurance UK Ltd. (London). These appointments are subject …
Fri, 18 Sep 2020 07:34:17 +0000
The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, announced the launch of an insurance program for Peru’s public schools. The program is the result of a grant...
Fri, 18 Sep 2020 07:15:22 +0000
Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker representative revealed recently. Amanda Nguyen, U.S. Casualty S...
Fri, 18 Sep 2020 06:56:29 +0000
Gallagher Bassett Services Inc. (GB), based in Rolling Meadows, Ill., has launched the GB Transportation Major Case Unit (MCU), a claims handling center that focuses solely on clients’ most severe, complex and high exposure claims. Transportation Pract...
Fri, 18 Sep 2020 06:49:21 +0000
Two St. Martin Parish, Louisiana, insurance producers have been hit with Cease and Desist Orders and fines for allegedly misappropriating premium funds, Louisiana Department of Insurance (LDI) reported. The department said Tasey Ann Tolliver-Alexander ...
Fri, 18 Sep 2020 06:45:43 +0000
The Kansas Supreme Court seemed worried on Sept. 16 about the proper roles of the Legislature and courts as it wrestled with whether a state statute that prohibits lawsuits based on “wrongful birth” claims is constitutional. Justices heard oral argumen...
Fri, 18 Sep 2020 06:35:13 +0000
The family of a woman who died after being held in an East Texas jail last year has filed a lawsuit against the company that runs the facility, claiming its staff neglected her care and ignored her pleas for help …
Fri, 18 Sep 2020 06:28:59 +0000
Tenants who sued over “horrendous” living conditions at a Kansas City low-income housing development have been awarded $52 million in damages. Jackson County Judge Joel Fehestock found in favor of the tenants, who sued KM-T.E.H. Realty 8 and Michael Fe...
Fri, 18 Sep 2020 06:26:03 +0000
A federal judge has approved legal settlements totaling $440,000 for people in South Dakota who were subjected to forced catheterizations to check for drug use. U.S. District Judge Roberto Lange ruled in April that police who used forced catheterizatio...
Fri, 18 Sep 2020 06:21:07 +0000
Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S. this year, leaving the tally just one short of a record that dates back more than a century. With 10 …
Fri, 18 Sep 2020 06:08:38 +0000
GULF SHORES, Ala./HOUSTON – As an Alabama resident, Toby Wallace has seen his fair share of hurricane damage working for the U.S. Federal Emergency Management Agency, where he handles flood insurance claims. But that did not prepare him for Hurricane …
Fri, 18 Sep 2020 05:00:55 +0000
Ciaran Martin, who stepped down as head of the UK’s National Cyber Security Centre this month, will call on Boris Johnson’s government to make it illegal for companies to pay cyber hackers a ransom. “If I had one policy card …
Fri, 18 Sep 2020 05:00:31 +0000
A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer Patagonia and ice-cream maker Ben & Jerry’s, a unit of …
Fri, 18 Sep 2020 05:00:05 +0000
Distinguished Programs has named Donna Percival a regional sales executive covering territories including Washington state, Oregon, Idaho, Montana, Nevada, Alaska and Hawaii. Percival is based out of Bellevue, Wash., and will be responsible for the sal...
Thu, 17 Sep 2020 22:37:31 +0000
GULF SHORES, Ala., Sept 17 – 01:45 PM -The remnants of Hurricane Sally on Thursday dumped more than a foot of rain on parts of Alabama, Florida and Georgia, killed at least one person, washed out bridges and roads and …
Thu, 17 Sep 2020 21:44:35 +0000
An Everett, Wash., construction company with a history of safety violations is facing fines of more than $230,000 after inspections at two Seattle job sites reportedly found numerous problems that placed workers at significant risk. Chilos Builders LLC...
Thu, 17 Sep 2020 21:23:14 +0000
State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm’s 98-year history that it has acquired an insurance company, the company...
Thu, 17 Sep 2020 19:38:41 +0000
Most people in the cannabis space expect CBD to be big, but a new report highlights the potential of the cannabis product, which has some in the insurance community already stepping up their game. New Frontier Data on Thursday issued …
Thu, 17 Sep 2020 17:15:02 +0000
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
Thu, 17 Sep 2020 16:44:41 +0000
NBIS, a provider of specialty construction insurance and risk management will now offer coverage for the specialized transportation/heavy haul industry through a new market parntnership with the member companies of reinsurer SCOR. The specialized trans...
Thu, 17 Sep 2020 16:28:49 +0000
The U.S. Department of Agriculture has estimated that 550,000 acres of Iowa corn will not be harvested this fall due to damage caused by the Aug. 10 windstorm that swept across the state. That estimate in a report released on …
Thu, 17 Sep 2020 16:25:26 +0000
The family of a worker killed in 2018 when a nearly 2,000-foot tall TV tower in southwest Missouri collapsed is suing Missouri State University for wrongful death. The April 19, 2018, tower collapse happened in Fordland, killing 56-year-old Steve Lemay, …