October 16, 2018
New England Insurance Group
Tue, 16 Oct 2018 21:01:36 +0000
Hawaii Insurance Commissioner Gordon Ito has appointed Andrew Kurata deputy commissioner and captive insurance administrator for the department of commerce and consumer affairs insurance division. Kurata previously held the position in an acting capaci...
Tue, 16 Oct 2018 20:55:26 +0000
The U.S. Supreme Court rejected appeals from Sherwin-Williams Co. and Conagra Brands Inc., leaving intact a ruling that requires them to pay more than $400 million for lead-paint remediation in California. The rebuff, issued without comment Monday, is ...
Tue, 16 Oct 2018 18:29:12 +0000
Workers’ compensation premium rates fell considerably nationwide, while California continued to see among the worst rates in the nation, according to a new study out from the Oregon Department of Consumer and Business Services. The department puts out ...
Tue, 16 Oct 2018 16:41:51 +0000
Hub International Investment Services Inc., member FINRA/SIPC, and a subsidiary of Chicago-based global insurance brokerage Hub International Limited (Hub), has acquired the Oklahoma-based retirement plan consulting and financial services business of F...
Tue, 16 Oct 2018 16:39:58 +0000
President Donald Trump has approved federal disaster aid relief for four Alabama counties affected by Hurricane Michael. The emergency disaster declaration covers Dale, Geneva, Henry and Houston counties, which are near the Florida panhandle where the ...
Tue, 16 Oct 2018 16:17:42 +0000
Chicago-based Rosebud Restaurants Inc. will pay $160,000 to settle a sexual harassment and retaliation lawsuit, according to the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC’s lawsuit charged Rosebud, which owns approximately nine Ital...
Tue, 16 Oct 2018 15:06:26 +0000
Authorities believe a natural gas explosion at a Virginia home caused a fire that has injured nine people. Chesapeake Fire Lt. Anthony P. Barakat tells news outlets that the two homeowners were hospitalized in critical condition following the “signific...
Tue, 16 Oct 2018 14:56:52 +0000
Regulators fined the San Francisco Bay Area’s transit agency $650,000 on Thursday for safety failures that led a commuter train to strike and kill two workers inspecting track five years ago during a union strike. The California Public Utilities Commis...
Tue, 16 Oct 2018 13:58:07 +0000
For 35 years, Ruth D’Eredita tried to dismiss her former professor’s behavior — the way he touched her, groped her and kissed her. But last year, as dozens of women came forward to share similar encounters with powerful men, she …
Tue, 16 Oct 2018 13:46:43 +0000
U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income...
Tue, 16 Oct 2018 13:23:34 +0000
The Hilb Group LLC has acquired Massachusetts-based DBR Group Inc. The transaction became effective October 1, 2018. Founded in 2004, DBR is an employee benefit and actuarial consulting firm providing a range of benefits consulting and brokerage servic...
Tue, 16 Oct 2018 13:18:12 +0000
SASCO Insurance Services of Hackettstown, N.J., has recently merged with Otterstedt Insurance Agency Inc., headquartered in Englewood Cliffs, N.J. SASCO Insurance has been providing customized insurance coverage plans for commercial and personal lines ...
Tue, 16 Oct 2018 13:09:29 +0000
The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits, insurance quotes and risk management information through a digital storefront: Amazon.com/Travelers. Customers will be able to obtain smart home kits at discounted prices ...
Tue, 16 Oct 2018 12:56:38 +0000
The day after a mourning community said last goodbyes to eight of 20 victims of a limousine crash – four sisters and four other relatives – the Senate’s top Democrat called on federal regulators to formulate new safety standards for …
Tue, 16 Oct 2018 12:46:09 +0000
The S&P 500 has plummeted more than 5 percent since early October. The culprit: slowing earnings growth stemming from rising interest rates and oil prices, according to Goldman Sachs Group Inc. That straightforward theory might work as a catch-all, but …
Tue, 16 Oct 2018 11:44:19 +0000
Flash floods tore through towns in southwest France, turning streams into raging torrents that authorities said killed at least seven people and seriously injured five others. Some people had to be helicoptered to safety from the roofs of their homes …
Tue, 16 Oct 2018 11:31:09 +0000
Softbank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a Vision Fund executive told Reuters. In …
Tue, 16 Oct 2018 10:40:55 +0000
Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some …
Tue, 16 Oct 2018 09:11:02 +0000
Global broking network Brokerslink announced it has appointed José Manuel Fonseca as its new chairman, replacing Grégory Allard, who steps down after a two-year tenure. As one of the original founders of Brokerslink, Fonseca also is the CEO of Porto, …
Tue, 16 Oct 2018 08:14:31 +0000
The European Union summit in Brussels this week was meant to be historic: a Brexit divorce deal would be reached and sent to parliaments to be approved. That is now not going to happen, once again raising the risk that …
Tue, 16 Oct 2018 07:58:38 +0000
Singapore’s state investment firm, Temasek Holdings Pte, has held talks with Chinese authorities about acquiring a stake in Anbang Insurance Group Co. as well as some of its assets, according to people with knowledge of the matter. Temasek has been …
Tue, 16 Oct 2018 07:50:16 +0000
The U.K.’s National Cyber Security Centre blamed hostile foreign states for the majority of the 1,167 attacks it has handled in the two years it’s been running, equivalent to 10 assaults a week. In the organization’s second annual report, published …
Tue, 16 Oct 2018 05:03:55 +0000
Oklahoma Insurance Commissioner Election 2018 The office of the insurance commissioner in Oklahoma is an elected position. The current commissioner, John D. Doak, is term limited and cannot run again; his successor will be determined in the general ele...
Tue, 16 Oct 2018 05:00:42 +0000
Millions of people are expected to drop, cover and hold on at 10:18 a.m. PST on Thursday, which should be a good opportunity for insurance agents to try and sell some policies, according to the head of the California Earthquake …
Tue, 16 Oct 2018 05:00:42 +0000
Stormy Daniels’s libel lawsuit over a tweet by Donald Trump accusing her of “a total con job” was thrown out by a judge who said the president was engaging in free speech. The adult film star, whose real name is …
Tue, 16 Oct 2018 05:00:40 +0000
The U.S. government, in an effort to increase pressure on drugmakers to lower costs for U.S. consumers, said on Monday it will propose requiring companies to include the price of their prescription medicines in television ads. Health and Human Services …
Tue, 16 Oct 2018 05:00:21 +0000
National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The move is in...
Tue, 16 Oct 2018 05:00:04 +0000
A group of young Americans suing the federal government over lack of action to fight climate change can proceed with their lawsuit, but U.S. President Donald Trump cannot be named as a defendant, a federal judge ruled on Monday. The …
Tue, 16 Oct 2018 04:53:09 +0000
Seeman Holtz Property & Casualty, Inc. has acquired Allstar Assurance, headquartered in Weston, Fla. Allstar Assurance has been serving south Florida for over 14 years offering multi-line property and casualty insurance coverage for commercial, persona...
Tue, 16 Oct 2018 04:52:28 +0000
Florida’s insurance regulator has issued an emergency order that ensures “additional protections” to Florida policyholders – including freezing any rate hikes for 90 days – to support recovery efforts in areas impacted by Hurricane Michael. The ord...