» Department of Labor Reopens Comment Period on Arizona’s OSHA Plan
11/08/22 09:34 from Insurance Journal
The U.S. Department of Labor’s Occupational Safety and Health Administration is reopening the comment period for an additional 60 days on the proposal to reconsider and revoke the final approval of Arizona’s State Plan for Occupational Safety and Health. The …
» Kobe Bryant Crash Photos Lawsuit to be Heard by Los Angeles Jury
11/08/22 09:27 from Insurance Journal
Kobe Bryant was one of the most photogenic sports figures in Los Angeles and images of him seen by millions around the world, smiling in victory, grimacing in agony, keep his memory alive. But some photos of him should never …
» Gallagher Denied Restraining Order Against Alliant
11/08/22 08:24 from Insurance Journal
District Court Judge Martha M. Pacold has denied Arthur J. Gallagher’s request for a temporary restraining order against rival Alliant Insurance Services as part of a lawsuit Gallagher filed against Alliant alleging employee and client stealing. According to a docket …
» AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings
11/08/22 07:47 from Insurance Journal
AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative Insurance Co., Midrox Insurance Co. and Mid-Hudson Co-Operative Insurance …
» Providence Police Seek to Fire Officer After Video Shows Excess Force
11/08/22 07:08 from Insurance Journal
A Rhode Island police department is seeking to fire an officer after video showed him smashing a handcuffed man’s face into the pavement during a fireworks celebration on Fourth of July weekend. The Providence Police Department said Friday that Capt. …
» Jury Acquits Truck Driver in 2019 New Hampshire Crash That Killed 7 Motorcyclists
11/08/22 07:00 from Insurance Journal
A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states. Volodymyr Zhukovskyy, 26, …
» Zurich Insurance Reports 25% Increase in H1 Operating Profit, Beating Expectations
11/08/22 05:56 from Insurance Journal
Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher. Europe’s …
» Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture
11/08/22 03:59 from Insurance Journal
A research report published last week found that one-third of claimants were not fully satisfied with their most recent insurance claims experience, adding that speed of settlement is a clear pain point for policyholders. Translating the level of dissatisfaction into …
» Cyber Insurance Gap Growing: Survey Report
11/08/22 03:17 from Insurance Journal
According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those that are don’t buy enough limit to cover last year’s median ransom demand. Summarizing the results of a poll …
» Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit
11/08/22 03:00 from Insurance Journal
A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in a lawsuit alleging the company failed to test the castings and falsely certified test results over seven years. …
» UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills
11/08/22 01:19 from Insurance Journal
UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help them with the cost-of-living crisis. Around 7,000 of Aviva’s lowest-paid employees were told last week they will get a payout …
» BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
11/08/22 00:53 from Insurance Journal
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows here. BHSI Launches Exec & Professional Lines in Switzerland, Led by Kammermann …
» Historic Drought, Low River Levels Threaten to Cripple Trade Across Europe
11/08/22 00:26 from Insurance Journal
In the midst of an arid summer that set heat records across Europe, the continent’s rivers are evaporating. The Rhine — a pillar of the German, Dutch and Swiss economies for centuries — is set to become virtually impassable at …
» Higginbotham Adds Another with Acquisition of Holman in Georgia
11/08/22 00:01 from Insurance Journal
Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of Georgia-based Holman and Co., a broker of commercial and personal lines property and casualty insurance and benefits. Employee-owned Higginbotham, …
» Runoff Specialist RiverStone Buying Vermont Captive Insurer Western P&C
11/08/22 00:00 from Insurance Journal
RiverStone, the U.S. insurance runoff specialist of the Fairfax insurance group, announced a tentative agreement to acquire Western Property & Casualty Insurance Co. to be effective this month. The shareholders of Western P&C will enter into a stock purchase agreement …
» Arthur J. Gallagher Acquires Evergreen Insurance Managers in Oregon
11/08/22 00:00 from Insurance Journal
Arthur J. Gallagher & Co.’s Risk Placement Services Inc. acquired Hillsboro, Oregon-based Evergreen Insurance Managers Inc. Dyan Bates, Nancy Schultz and their associates will remain in their current location. Evergreen Insurance Managers is a wholesale insurance broker and managing general …
» Coastal Washington Tribe Builds Tsunami Refuge Tower
11/08/22 00:00 from Insurance Journal
There’s a new option to escape a tsunami for people on the southwest coast of Washington. The Shoalwater Bay Indian Tribe dedicated a 50-foot tall evacuation tower in Tokeland, Washington, the Northwest News Network reported. When the next magnitude 9.0 …
» UK Insurer Aviva Posts 14% Rise in H1 Operating Profit
10/08/22 23:36 from Insurance Journal
Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. Activist investor Cevian Capital, …
» Wildfires Rage in France, Destroying Homes, Forcing Evacuation of Residents
10/08/22 23:26 from Insurance Journal
Wildfires tore through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of 10,000 residents, some of whom had clambered onto rooftops as the flames got closer. Black-and-orange skies, darkened by the smoke billowing from …
» Indiana House Explosion Leaves 3 Dead, 39 Homes Damaged
10/08/22 18:02 from Insurance Journal
An explosion at an Evansville, Indiana house killed three people and damaged 39 houses, officials said Wednesday afternoon. Evansville Fire Department Chief Mike Connelly said two of the people killed were in the house of the explosion, while the third …