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Updated: 18 hours 5 min ago

INSUREtrust Adds Hoeflinger as Professional Lines Broker in Atlanta

Fri, 09/15/2017 - 00:13
INSUREtrust has added Hannah Hoeflinger to the company as Professional Lines broker. In this role, Hoeflinger will further grow INSUREtrust’s multi-city Cyber Boot Camps, build broker relations, and manage cyber, tech, and MPL accounts. She will be working on Executive …

Judge Allows Ex-AIG Leader Greenberg’s Defamation Claim Against Ex-AG Spitzer

Thu, 09/14/2017 - 19:52
Maurice “Hank” Greenberg, former chief executive of American International Group Inc., may pursue large parts of his defamation lawsuit against former New York Attorney General Eliot Spitzer, a New York state appeals court ruled. Wednesday’s decision by the Appellate Division …

Study Shows California Workers’ Comp Medical Review Volume May Be Leveling off

Thu, 09/14/2017 - 17:36
The volume of workers’ compensation independent medical reviews in California appears to be tapering off, a new study shows. The IMR process was established by California lawmakers to resolve medical disputes. A study from the California Workers’ Compensation Institute shows …

Green Cat Bonds Aren’t a Thing – Yet

Thu, 09/14/2017 - 16:28
Green cat bonds. That slinky phrase is one that Greg Lowe, global head of resilience and sustainability for Aon, would enjoy hearing uttered frequently in the near future. Lowe has been talking with an increasing number of people in the …

FEMA: 25% of Florida Keys Homes Destroyed by Irma

Thu, 09/14/2017 - 12:57
With 25 percent of the homes in the Florida Keys feared destroyed, emergency workers Tuesday rushed to find Hurricane Irma’s victims – dead or alive – and deliver food and water to the stricken island chain. As crews labored to …

30 Recalled Volkswagens Stolen from Michigan Parking Lot

Thu, 09/14/2017 - 12:48
Michigan investigators and out-of-state police are tracking down over 30 recalled diesel vehicles that were stolen from the parking lot of a shuttered arena in eastern Michigan. Indiana State Police Sgt. Jerry Goodin says the Volkswagen cars were part of …

Police at California University Get to Use Pepper Spray at Violent Protests

Thu, 09/14/2017 - 10:38
The Berkeley City Council this week gave police permission to use pepper spray to repel demonstrators attacking officers and others during violent protests of the kind that have repeatedly hit the city this year. The 6-3 vote by the council …

New Mexico Prosecutor, Insurance Company Spar Over Premium Taxes

Thu, 09/14/2017 - 10:35
A standoff over millions of dollars in unpaid insurance premium taxes is escalating between New Mexico’s attorney general and the state’s largest health-care insurance provider. New Mexico Attorney General Hector Balderas this week renewed accusations that a for-profit insurance arm …

M4.2 Earthquake Shakes Central Alaska

Thu, 09/14/2017 - 10:30
A magnitude 4.2 earthquake has hit central Alaska, the Alaska Earthquake Center has confirmed. According to the center, the earthquake struck at 11:32 p.m. on Tuesday and its epicenter was 39 miles north of the town of Talkeetna, which has …

Man Sentenced to Prison After Admitting to Scamming New Jersey Company

Thu, 09/14/2017 - 10:19
An Ohio man has been sentenced to over two-and-a-half years in federal prison for defrauding a New Jersey company out of nearly $1 million. Authorities say 44-year-old John Tekulve owned a medical supply company that sold products to the Essex …

PIANY Elects Holender President, Names Directors and Officers

Thu, 09/14/2017 - 10:15
Professional Insurance Agents of New York Inc. has elected Fred Holender as president at an annual meeting of the association’s board of directors in Glenmont, N.Y. Holender is director of administration for Lawley Service Inc. in Buffalo, N.Y. As a …

MJ Insurance Adds Lahr, Wells to Risk Management, Commercial Insurance Team

Thu, 09/14/2017 - 10:00
MJ Insurance, headquartered in Indianapolis, Ind., has added Olivia A. Lahr and Amy Wells to the commercial insurance and risk management team as risk transfer specialists. Lahr and Wells will be responsible for developing client risk financing and transfer strategies. …

Small Businesses Can Manage, Cancel Own Policies with Next Insurance Portal

Thu, 09/14/2017 - 09:58
Digital small business insurance provider Next Insurance has unveiled a new online portal giving small businesses more control over their insurance policies. The portal offers what Next says are several unique insurance services, including the option to cancel a policy …

Massachusetts’ Insurance Recovery Group Appoints James as President and CEO

Thu, 09/14/2017 - 09:25
Paul James has been appointed to the role of president and chief executive officer of Insurance Recovery Group Inc. (IRG) by David A. Jollin, IRG’s chairman of the board. IRG is a national subrogation, second injury fund, COLA recovery and …

Allianz Specialty Goes Live with ‘Insurtech’ for Small Business Brokers, Policyholders

Thu, 09/14/2017 - 08:59
Borrowing ideas from some insurtech startups, Allianz Global Corporate & Specialty has a new platform for brokers and their Main Street customers “from barber shops to bakeries and toy stores to tailor.” The site, AllianzGo, promises U.S. brokers and policyholders …

Exxon Must Disclose Accounting Details in New York Climate Probe

Thu, 09/14/2017 - 08:42
Exxon Mobil Corp.’s attempt to use “accountant-client privilege” to avoid handing over audit documents in a politically charged climate-change probe was dealt a final blow by New York’s top court. The finding on Tuesday affirms a 2016 ruling that Exxon …

Harvey and Irma Jeopardize 2017 Earnings, Says Munich Re

Thu, 09/14/2017 - 08:25
Munich Re, the world’s largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company’s ability to meet its full-year earnings target. “These two events are expected to result in high …

Some Banks Already Follow Consumer Bureau’s Softer Arbitration Policy

Thu, 09/14/2017 - 08:16
Senator Elizabeth Warren, who opposes efforts to dismantle a new rule allowing customers to sue financial companies in class actions, released letters on Tuesday from U.S. bank CEOs in which they declined to defend lobbying against the measure and several …

Trucking Industry Backs Bills Easing Self-Driving Vehicle Regulation

Thu, 09/14/2017 - 01:00
A U.S. trucking trade group and truck maker Navistar International Corp. urged a U.S. Senate panel on Wednesday to include self-driving commercial trucks in proposed legislation intended to speed autonomous vehicles to market. The House last week unanimously approved a …

Fitch Expects Most Insurers, Reinsurers to Handle Losses from Both Harvey, Irma

Thu, 09/14/2017 - 01:00
Fitch Ratings reported that based on its initial assessments, most U.S. insurance companies and global reinsurers that it rates are not expected to be downgraded as a result of the combined effects of Hurricanes Irma and Harvey. However, Fitch said …

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