People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia
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Description: This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business Solutions Verisk, the global data analytics provider, announced that Tim Rayner …
Full content: This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business Solutions Verisk, the global data analytics provider, announced that Tim Rayner …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 16:30:31 +0000
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Agents: Fourth of July Brings Risks & Claims
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Description: It has been a few years. Policyholders may have forgotten about that last barbeque mishap in their backyard. Maybe the memory has gotten hazy about that one time their college roommate drove home when they should not have. Perhaps their …
Full content: It has been a few years. Policyholders may have forgotten about that last barbeque mishap in their backyard. Maybe the memory has gotten hazy about that one time their college roommate drove home when they should not have. Perhaps their …
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Category: National News
Date: Fri, 01 Jul 2022 16:23:38 +0000
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New Alabama, Georgia Laws Taking Effect Today Indirectly Affect Insurance
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Description: Several Alabama and Georgia laws that could indirectly affect property, liability and workers’ compensation insurance take effect today, July 1. Alabama House Bill 108 requires the state Elevator Safety Review Board to review, within 12 months of their publication, new …
Full content: Several Alabama and Georgia laws that could indirectly affect property, liability and workers’ compensation insurance take effect today, July 1. Alabama House Bill 108 requires the state Elevator Safety Review Board to review, within 12 months of their publication, new …
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Category: Southeast News
Date: Fri, 01 Jul 2022 16:17:59 +0000
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Regulator Bars Texas Plant Restart Over Safety Concerns
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Description: The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart operations until it addresses risks to public safety, a pipeline regulator said on Thursday. The June 8 blast …
Full content: The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart operations until it addresses risks to public safety, a pipeline regulator said on Thursday. The June 8 blast …
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Category: Texas / South Central News
Date: Fri, 01 Jul 2022 16:00:53 +0000
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Vertafore Acquires MGA Systems
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Description: Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York. Vertafore said the acquisition gives its customers access to policy administration and rating programs that will …
Full content: Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York. Vertafore said the acquisition gives its customers access to policy administration and rating programs that will …
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Category: National News
Date: Fri, 01 Jul 2022 15:46:48 +0000
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New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology
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Description: The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an …
Full content: The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an …
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Category: National News
Date: Fri, 01 Jul 2022 15:45:28 +0000
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Tropical Storm Bonnie Forms Near Nicaragua in Caribbean
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Description: Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 …
Full content: Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 15:45:25 +0000
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Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers
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Description: The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York that does not offer an exemption for religious reasons. The court’s action follows a decision in December …
Full content: The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York that does not offer an exemption for religious reasons. The court’s action follows a decision in December …
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Category: East News
Date: Fri, 01 Jul 2022 15:36:23 +0000
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Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re
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Description: Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural …
Full content: Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 15:32:57 +0000
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2 Workers Presumed Dead in Texas Trench Collapse
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Description: Two workers were presumed dead after a trench they were digging for a sewer line in Texas on Tuesday collapsed and buried them, officials said. The workers were digging a 24-foot-deep (7-meter-deep) in new subdivision under development in Jarrell, about …
Full content: Two workers were presumed dead after a trench they were digging for a sewer line in Texas on Tuesday collapsed and buried them, officials said. The workers were digging a 24-foot-deep (7-meter-deep) in new subdivision under development in Jarrell, about …
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Category: Texas / South Central News
Date: Fri, 01 Jul 2022 15:00:51 +0000
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Ohio Vehicle Parts Manufacturer Faces $315,000 in Fines
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Description: An Ohio aluminum vehicle parts manufacturer cited for safety and health violations after a worker in Ravenna suffered fatal injuries in March 2021, continues to put workers at risk. The U.S. Department of Labor’s Occupational Safety and Health Administration found …
Full content: An Ohio aluminum vehicle parts manufacturer cited for safety and health violations after a worker in Ravenna suffered fatal injuries in March 2021, continues to put workers at risk. The U.S. Department of Labor’s Occupational Safety and Health Administration found …
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Category: Midwest News
Date: Fri, 01 Jul 2022 14:50:10 +0000
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Regulators: Amtrak Train Was Below Speed Limit Before Fatal Crash
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Description: An Amtrak passenger train was going about 87 mph (140 kph) when it collided with a dump truck at a rural Missouri railway crossing, killing four people, an official with the National Transportation Safety Board said Wednesday. The speed limit …
Full content: An Amtrak passenger train was going about 87 mph (140 kph) when it collided with a dump truck at a rural Missouri railway crossing, killing four people, an official with the National Transportation Safety Board said Wednesday. The speed limit …
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Category: Midwest News
Date: Fri, 01 Jul 2022 14:46:48 +0000
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State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance
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Description: State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western sanctions. “I can say that of today, nearly all Russian insurance market …
Full content: State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western sanctions. “I can say that of today, nearly all Russian insurance market …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 14:42:03 +0000
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North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor
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Description: Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals received final legislative approval on Wednesday. The House voted unanimously to accept a version of legislation passed in the Senate last week …
Full content: Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals received final legislative approval on Wednesday. The House voted unanimously to accept a version of legislation passed in the Senate last week …
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Category: Southeast News
Date: Fri, 01 Jul 2022 14:34:05 +0000
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UFC Star Charged in Shooting Sues California Day Care Owners over Alleged Molesting
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Description: Cain Velasquez, the former UFC heavyweight champion accused of trying to kill the man he claims molested his 4-year-old son, is suing the man and his family who own a day care where the alleged molestation occurred. Velasquez was arrested …
Full content: Cain Velasquez, the former UFC heavyweight champion accused of trying to kill the man he claims molested his 4-year-old son, is suing the man and his family who own a day care where the alleged molestation occurred. Velasquez was arrested …
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Category: West News
Date: Fri, 01 Jul 2022 14:29:07 +0000
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Supreme Court: Vet Who Lost Job as Texas Trooper Can Sue State
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Description: The Supreme Court on Wednesday allowed a former state trooper to sue Texas over his claim that he was forced out of his job when he returned from Army service in Iraq. The justices ruled for Army veteran Le Roy …
Full content: The Supreme Court on Wednesday allowed a former state trooper to sue Texas over his claim that he was forced out of his job when he returned from Army service in Iraq. The justices ruled for Army veteran Le Roy …
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Category: Texas / South Central News
Date: Fri, 01 Jul 2022 14:23:17 +0000
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Climate Change Driving Extreme Heat and Flooding in 2022: Report
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Description: Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding …
Full content: Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced. In the last three months, monsoon rains unleashed disastrous flooding …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 14:10:33 +0000
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Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon
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Description: For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …
Full content: For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 13:50:41 +0000
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Grocery Chain Wegmans Settles with New York Over Data Breach
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Description: The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia James said on Thursday. Wegmans was accused …
Full content: The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million consumers nationwide, New York Attorney General Letitia James said on Thursday. Wegmans was accused …
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Category: East News
Date: Fri, 01 Jul 2022 13:10:35 +0000
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Tesla Faces New Lawsuit Alleging Racial Abuse Against Black Workers
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Description: Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected to racial abuse and harassment at its factories. The workers said they were subjected to offensive racist comments …
Full content: Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected to racial abuse and harassment at its factories. The workers said they were subjected to offensive racist comments …
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Category: National News
Date: Fri, 01 Jul 2022 12:30:57 +0000
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McDonald’s Franchise Owner Consents to $1.6M Settlement of Sex Harassment Suit
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Description: Coughlin, Inc., a Vermont-based company that owns 10 McDonald’s franchise restaurants in Vermont and New Hampshire, will pay $1,600,000 and furnish other relief to settle a sex discrimination and retaliation lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the …
Full content: Coughlin, Inc., a Vermont-based company that owns 10 McDonald’s franchise restaurants in Vermont and New Hampshire, will pay $1,600,000 and furnish other relief to settle a sex discrimination and retaliation lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the …
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Category: East News
Date: Fri, 01 Jul 2022 12:12:00 +0000
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Brand Appointed Group CEO of Convex
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Description: The Board of Convex Group Ltd., the Bermuda-based specialty re/insurer, announced that Paul Brand, who founded the business in 2019 with Stephen Catlin, will become group CEO with effect from July 1, 2022. Brand has been deputy CEO since Convex …
Full content: The Board of Convex Group Ltd., the Bermuda-based specialty re/insurer, announced that Paul Brand, who founded the business in 2019 with Stephen Catlin, will become group CEO with effect from July 1, 2022. Brand has been deputy CEO since Convex …
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Category: International & Reinsurance News
Date: Fri, 01 Jul 2022 12:11:49 +0000
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ESG Managers Say Wave of Probes, Scorn Heralds Better Days Ahead
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Description: ESG investment strategies are being probed for deceptive labeling, criticized for excluding firms like Tesla Inc. and questioned as to whether they actually work. All this, some sustainable fund managers said, could be a good thing. Tough scrutiny of loosely-regulated …
Full content: ESG investment strategies are being probed for deceptive labeling, criticized for excluding firms like Tesla Inc. and questioned as to whether they actually work. All this, some sustainable fund managers said, could be a good thing. Tough scrutiny of loosely-regulated …
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Category: National News
Date: Fri, 01 Jul 2022 05:45:17 +0000
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U.S. Supreme Court Limits Federal Power to Curb Carbon Emissions
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Description: Conservative justices power 6-3 ruling; liberals dissent Ruling curbs EPA ability to regulate power plant emissions Biden vows to tackle climate change despite the ruling The U.S. Supreme Court on Thursday imposed limits on the federal government’s authority to issue …
Full content: Conservative justices power 6-3 ruling; liberals dissent Ruling curbs EPA ability to regulate power plant emissions Biden vows to tackle climate change despite the ruling The U.S. Supreme Court on Thursday imposed limits on the federal government’s authority to issue …
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Category: National News
Date: Fri, 01 Jul 2022 05:26:15 +0000
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Governor, Florida Cat Fund Board Agree to Raise Premiums for Insurers
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Description: Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase. The fund’s governing body, the State Board of Administration, this month gave final approval to the formula used to …
Full content: Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase. The fund’s governing body, the State Board of Administration, this month gave final approval to the formula used to …
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Category: Southeast News
Date: Fri, 01 Jul 2022 05:01:46 +0000
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Gone with the Flo: Progressive Stops Writing DP-3 Policies in Florida
Author: William Rabb
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Description: Eight months after it stopped renewing homeowners and rental property policies in Florida, Progressive Insurance announced it will now stop writing new dwelling-fire business in the distressed Florida market. “To ensure a long-term future in Florida, Progressive Home is temporarily …
Full content: Eight months after it stopped renewing homeowners and rental property policies in Florida, Progressive Insurance announced it will now stop writing new dwelling-fire business in the distressed Florida market. “To ensure a long-term future in Florida, Progressive Home is temporarily …
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Category: Southeast News
Date: Fri, 01 Jul 2022 05:01:36 +0000
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Family Blames Fatal Wreck on PennDOT’s Failure to Fix Ditch
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Description: Matt Neidlinger crested the hill of a narrow, twisty state road and found a nasty surprise waiting for him at the bottom. The ditch was a couple of feet wide and spanned both lanes, and Neidlinger barely had time to …
Full content: Matt Neidlinger crested the hill of a narrow, twisty state road and found a nasty surprise waiting for him at the bottom. The ditch was a couple of feet wide and spanned both lanes, and Neidlinger barely had time to …
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Category: East News
Date: Fri, 01 Jul 2022 05:00:38 +0000
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No Injuries Reported in Fire at Maryland Boys’ Summer Camp
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Description: THURMONT, Md. (AP) —Crews battled a fire at an overnight summer camp in western Maryland on Wednesday morning, but no injuries were reported, officials said. Firefighters were initially dispatched around 7:30 a.m. for a report of a fire in a …
Full content: THURMONT, Md. (AP) —Crews battled a fire at an overnight summer camp in western Maryland on Wednesday morning, but no injuries were reported, officials said. Firefighters were initially dispatched around 7:30 a.m. for a report of a fire in a …
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Category: East News
Date: Fri, 01 Jul 2022 05:00:17 +0000
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People Moves: CIG Promotes Foggie to Director of Field Operations; Scheiner Named Southwest Field Executive
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Description: Monterey, California-based Capital Insurance Group named Victor Foggie director of field operations. Foggie will oversee CIG’s regional field executives in addition to the home office commercial lines unit. He will oversee production in CIG’s four regions: Northwest, Southwest, Northern California, …
Full content: Monterey, California-based Capital Insurance Group named Victor Foggie director of field operations. Foggie will oversee CIG’s regional field executives in addition to the home office commercial lines unit. He will oversee production in CIG’s four regions: Northwest, Southwest, Northern California, …
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Category: West News
Date: Fri, 01 Jul 2022 05:00:14 +0000
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PCF Acquires MGA United Underwriters in Utah
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Description: PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including homeowners, renters, dwelling, commercial, personal umbrella, earthquake and auto insurance. Lehi, Utah-based PCF is …
Full content: PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including homeowners, renters, dwelling, commercial, personal umbrella, earthquake and auto insurance. Lehi, Utah-based PCF is …
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Category: West News
Date: Thu, 30 Jun 2022 18:08:04 +0000
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