November 21, 2017
New England Insurance Group
Tue, 21 Nov 2017 19:48:14 +0000
Sedgwick LLP, a San Francisco, Calif.-based law firm that represented numerous insurance clients, is closing. The news of the closure came in the form of a letter sent out to this week making it known that Sedgwick will be closing …
Tue, 21 Nov 2017 17:53:22 +0000
Louisiana Gov. John Bel Edwards has appointed Susan Denise Gardner and Eric S. Berger to serve on the Louisiana Citizens Property Insurance Commission. Gardner, of Clinton, is a certified financial examiner and market conduct manager, and the former ch...
Tue, 21 Nov 2017 17:46:28 +0000
The Carlyle Group, a global alternative asset manager, is acquiring Dallas-based BenefitMall, a provider of employee benefits and payroll services to small and medium sized businesses across the U.S., from an investor group led by Austin Ventures. The ...
Tue, 21 Nov 2017 17:41:30 +0000
Gov. Mark Dayton has appointed Jessica Looman to serve as Minnesota Commerce Commissioner to replace Mike Rothman who resigned from the post last week, announcing he was launching a campaign to become the state’s attorney general. The commerce departme...
Tue, 21 Nov 2017 17:30:43 +0000
A Mission to Attract and Retain Quality People One of the hallmarks of Esser Hayes Insurance Group is that its employees tend to stick around for a long, long time — not because they have to but because they find …
Tue, 21 Nov 2017 17:21:48 +0000
Prepared for the Future Even before its offices were inundated with 10 feet of water by Hurricane Harvey, Insgroup’s employees were proclaiming the agency’s virtues and lobbying for its inclusion as an Insurance Journal Best Agency to Work For. But …
Tue, 21 Nov 2017 17:15:06 +0000
Chemicals once used by 3M Co. for Scotchgard, fire retardants and other products have shown links to cancers and premature births, Minnesota’s State Attorney General said in a request to update a $5 billion lawsuit against the company. Minnesota, which …
Tue, 21 Nov 2017 17:02:29 +0000
Ironshore Inc. announced that Toby Smith has been appointed president of Ironshore Environmental. Smith assumes the role from John O’Brien, who recently left recently the company to pursue new opportunities. Smith will lead the global environmental uni...
Tue, 21 Nov 2017 16:42:06 +0000
Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, 2019. Addesso has issued a short statement about the …
Tue, 21 Nov 2017 16:35:05 +0000
Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could take a different approach to assessing risk which …
Tue, 21 Nov 2017 16:28:25 +0000
British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for Ireland in two days. …
Tue, 21 Nov 2017 16:20:58 +0000
Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit. Below are insurers’ plans for EU subsidiaries (in …
Tue, 21 Nov 2017 16:12:12 +0000
A surge in Ping An Insurance (Group) Co.’s shares this year has made it the world’s second-largest insurer by market value behind only Berkshire Hathaway Inc. And the rally may not be done yet. Shares of the Chinese insurer, which …
Tue, 21 Nov 2017 15:27:40 +0000
California regulators are embracing a General Motors recommendation that would help makers of self-driving cars avoid paying for accidents and other trouble, raising concerns that the proposal will put an unfair burden on vehicle owners. If adopted, th...
Tue, 21 Nov 2017 15:18:23 +0000
One can say the managers of Wood Gutmann & Bogart Insurance Brokers have made a long-term commitment to their workers. “Employee engagement” is a term Kevin Bogart, CEO of the firm, almost couldn’t use enough. “I can’t tell you anything …
Tue, 21 Nov 2017 14:52:08 +0000
Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The non-binding framework deal …
Tue, 21 Nov 2017 14:17:33 +0000
The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent cyber conference in New York, Fitch …
Tue, 21 Nov 2017 13:42:41 +0000
They may not be mad about reefer, but a growing number of Massachusetts communities are leaving their borders open to commercial marijuana businesses, bucking a wave of bans and moratoriums that followed voter approval of legal recreational pot. Recent...
Tue, 21 Nov 2017 13:29:59 +0000
Specialist global insurer Hiscox has appointed Glenn Dorr as head of business development and broker relationships for North America within its London market business. Dorr joins Hiscox from Lloyd’s USA, where he was responsible for managing cover hold...
Tue, 21 Nov 2017 13:21:12 +0000
One of the first messages that appears on KMRD Partners Inc.’s website is a slogan that says, “We never stop improving for you.” The Warrington, Penn.-headquartered, boutique risk management and human capital solutions firm works hard to take that idea …
Tue, 21 Nov 2017 06:00:59 +0000
Twenty-First Century Fox Inc. has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O’Reilly. The settlement, …
Tue, 21 Nov 2017 06:00:58 +0000
In August, a dozen inventors gathered around a fire pit outside the headquarters of the U.S. Patent and Trademark Office in Alexandria, Virginia, and set alight patents they said had been rendered worthless by an overreaching federal government. “It’s ...
Tue, 21 Nov 2017 05:24:50 +0000
Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an expansion of Hiscox’s current offering to financial services firms. Hiscox FS provides fi...
Tue, 21 Nov 2017 05:07:09 +0000
Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially under-re...
Tue, 21 Nov 2017 05:06:08 +0000
The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The NC Rate Bureau repre...
Tue, 21 Nov 2017 05:01:15 +0000
As a Florida-based agency, employees at Frank H. Furman understand the value of insurance and the important role they play as advisors. And they say the company’s team-focused and supportive environment motivates them to go above and beyond for their …
Mon, 20 Nov 2017 21:22:58 +0000
Jaime Rosario Del Real, 61, and son Israel Del Real, 37, have both pleaded guilty to four felony counts for their role in a $400,000 insurance fraud scheme denying workers’ compensation insurance and medical care for injured workers. The father …
Mon, 20 Nov 2017 21:02:16 +0000
Bickmore has named William Portello has joined its Sacramento, Calif. office. He will serve as the director of litigation management and will oversee the litigation management team and assist pool members throughout California with developing contract ...
Mon, 20 Nov 2017 17:50:20 +0000
The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlement with the American Inter...
Mon, 20 Nov 2017 17:48:40 +0000
The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the International Association of Insurance Supervisors (IAIS), since the first jurisdiction was admitted in June 2009...