January 24, 2019
Select Programs Insurance Services
Thu, 24 Jan 2019 13:50:38 +0000
A divided U.S. appeals court on Wednesday dealt a setback to older job applicants, saying they cannot invoke a federal law against age bias in employment to challenge hiring policies they believe have a discriminatory impact. In an 8-4 decision, …
Thu, 24 Jan 2019 13:23:48 +0000
Facebook Inc.’s repeated privacy scandals have infuriated users, lawmakers and data-security advocates who are clamoring for a forceful government response. That job mainly falls to Joe Simons, who is under pressure to satisfy doubters or risk sidelini...
Thu, 24 Jan 2019 13:16:53 +0000
As insurers track both old and new risks heading into 2019, here’s one that carriers don’t typically consider: The White House. David Wessel, director of The Hutchins Center on Fiscal and Monetary Policy, cited the Trump White House and its …
Thu, 24 Jan 2019 12:52:25 +0000
FRISS, the provider of fraud and risk solutions for the property/casualty insurance industry, announced the opening of its French office in Paris. At the same time FRISS is expanding their team, led by the country manager Nicolas Kaploun. The expansion …
Thu, 24 Jan 2019 12:38:57 +0000
Allianz announces its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group – driving long-term success in the market and expanding Allianz’s footprint in Asia. FPT …
Thu, 24 Jan 2019 10:01:11 +0000
International General Insurance Holdings Ltd. (IGI), the Dubai-based speciality re/insurer, has appointed Nick Garrity as chief executive officer of IGI’s Labuan Branch in Malaysia. Garrity will be based in the Kuala Lumpur office. In his new role, Gar...
Thu, 24 Jan 2019 09:15:53 +0000
The risk of a no-deal Brexit appears to be receding after calls for a delay to the U.K.’s exit from the European Union won powerful backing in London and other EU capitals. The pound rose. Senior figures in the French …
Thu, 24 Jan 2019 08:44:25 +0000
Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS. “The insured loss for Florence will be between $2.8 billio...
Thu, 24 Jan 2019 08:43:32 +0000
The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market has been blamed on the …
Thu, 24 Jan 2019 06:07:13 +0000
Authorities in North Carolina say one person is dead and two people are hurt after a barrier collapsed at a construction site. News outlets report the N.C. Department of Labor said the accident occurred Tuesday at a site where affordable …
Thu, 24 Jan 2019 06:05:38 +0000
The estate of a girl killed and three other students wounded in a shooting at a Kentucky high school have filed suit against the school district and school officials, the teenage suspect and his mother and stepfather. The lawsuit filed …
Thu, 24 Jan 2019 06:00:47 +0000
Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the ma...
Thu, 24 Jan 2019 05:58:14 +0000
The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes in the Southeast. From the …
Thu, 24 Jan 2019 00:54:36 +0000
A Houston company has pleaded guilty to workers’ compensation premium fraud in a case that spanned four years, the Texas Department of Insurance, Division of Workers’ Compensation announced. According to the announcement, Alpha Mar entered the plea in ...
Wed, 23 Jan 2019 21:24:43 +0000
A powerful winter storm has left a trail of traffic accidents, power outages and even an avalanche across Utah. Little Cottonwood Canyon reopened Tuesday morning, a day after an avalanche closed the canyon and State Route 210. Meanwhile, state troopers …
Wed, 23 Jan 2019 21:22:06 +0000
The nation’s largest utility has lined up $5.5 billion in credit and loans so it can continue operating as it prepares for bankruptcy. Pacific Gas & Electric said in a regulatory filing Tuesday it secured commitments from JPMorgan Chase, Bank …
Wed, 23 Jan 2019 17:59:15 +0000
The Travelers Companies, Inc. has partnered with ASQ Underwriting, a managing general underwriter, to offer transactional risk insurance in the United States, as strategic and private equity investors increasingly turn to insurance to mitigate deal ris...
Wed, 23 Jan 2019 17:24:25 +0000
A settlement has been reached in a federal lawsuit accusing an Oklahoma school district of shielding a sexual predator and calling children liars. Perry Public Schools admitted liability for the “unwanted and unlawful touching” of 14 girls by a former …
Wed, 23 Jan 2019 17:00:03 +0000
Bryan Shofner has joined Houston-based wholesale insurance broker and managing general agency, LP Risk, as director of operations. Shofner’s previous roles include senior vice president of Marsh McLennan Agency LLC and president and CEO of Shofner & As...
Wed, 23 Jan 2019 16:52:59 +0000
Cannasure Insurance Services (Cannasure), an insurance managing general agent (MGA) and wholesale broker for the cannabis and hemp industries, has hired Jay Dharia as client service director in the group’s Cleveland, Ohio, corporate office. Dharia will...
Wed, 23 Jan 2019 16:47:18 +0000
Specialty insurer Tokio Marine HCC announced that Shilpa Strong has joined the company as Business Innovation Officer to pursue continued investment in operational efficiencies, customer experience and digital innovation. Strong has 20 years of insuran...
Wed, 23 Jan 2019 16:46:27 +0000
A former Iowa insurance agent has been convicted of insurance fraud following an insurance fraud investigation by the Iowa Insurance Division’s Fraud Bureau. The division reported that Joy Marie Heldt, age 48, of Madrid, was convicted of Fraudulent Sub...
Wed, 23 Jan 2019 16:24:42 +0000
France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday [Jan. 21] for breaching European Union online privacy rules, the biggest such penalty levied against a U.S. tech giant. The French regulator said the wor...
Wed, 23 Jan 2019 16:23:56 +0000
American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said its Series B financing was le...
Wed, 23 Jan 2019 16:05:02 +0000
Phoenix, Ariz.,-based CopperPoint Insurance Cos. has named Rachel Davis-Schultz senior vice president and chief human resources officer. Rachel has more than 21 years of experience. For the past 10 years, she has been with Express Scripts, a pharmacy b...
Wed, 23 Jan 2019 15:58:11 +0000
Bayer AG unit Monsanto has asked a California judge in the litigation over its glyphosate-based weed killer Roundup allegedly causing cancer to limit evidence by splitting an upcoming trial into two phases, a request previously successful with another ...
Wed, 23 Jan 2019 14:37:50 +0000
The family of a Maryland man crushed by a van in a Delaware junk yard is suing the business for up to $20 million for gross negligence, wrongful death and other claims. The News Journal of Wilmington reports the family …
Wed, 23 Jan 2019 14:29:52 +0000
Global Excess Partners (GEP), a specialty insurance organization, has promoted Brendan Cook from vice president to vice president and managing director. He reports to Chris Zoidis, corporate executive vice president of H.W. Kaufman Group, the parent co...
Wed, 23 Jan 2019 14:25:57 +0000
Value-based care, political party changes in several states, and a more holistic view of patient injuries will impact the workers’ compensation industry this year, according to two experts hosting a workers’ compensation webinar series, Out Front Ideas...
Wed, 23 Jan 2019 14:25:02 +0000
XPT Group LLC has acquired SVA Underwriting Services Inc., a trucking and transportation MGA and Lloyd’s Coverholder. SVA Underwriting specializes in physical damage and cargo cover with the ability to underwrite, issue policies and endorsements and ar...