October 20, 2017

Fri, 20 Oct 2017 07:44:29 +0000
Toronto-based RSA Canada has appointed Steve Cohen to the newly created role of senior vice president and chief underwriting officer. The SVP and chief underwriting officer role was created to build upon the progress the company has made “in advancing …
Fri, 20 Oct 2017 07:18:19 +0000
Neon announced the launch of an underwriting operation in Italy with Cambiaso Risso, a leading Italian marine broker who will have a minority shareholding in the venture. Based in Genoa, Neon Italy will initially target hull and cargo business placed …
Fri, 20 Oct 2017 06:37:11 +0000
Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third quarter. For the industry overall, Zurich-ba...
Fri, 20 Oct 2017 06:24:13 +0000
As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia — home to a …
Fri, 20 Oct 2017 05:00:59 +0000
Litigation financing, distracted driving and unexpected verdicts are just some of the factors impacting commercial auto frequency and severity, according to panelists speaking at the 2017 Risk Management Summit this week in Las Vegas. There has been a ...
Fri, 20 Oct 2017 05:00:28 +0000
The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services and products. The regulator laid out a series of principles on Wednesday to establish its expectations f...
Fri, 20 Oct 2017 05:00:15 +0000
After hearing from brain trauma researchers who said playing football at a young age is unsafe even for kids who don’t suffer obvious injuries, members of Congress this week asked the nation’s governing body for the sport’s amateurs to detail …
Fri, 20 Oct 2017 05:00:12 +0000
General Motors Co. has agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general and the company said on Thursday. The largest U.S. automaker had previously …
Fri, 20 Oct 2017 04:57:44 +0000
While Federal Emergency Management Agency denials and reversals have roiled some communities following natural disasters, officials in Tennessee’s capital have been unusually successful at winning their appeals. An analysis by The Associated Press foun...
Fri, 20 Oct 2017 04:38:59 +0000
Rebuilding the Northern California areas devastated by wildfire will be a long-term effort, and insurers say they will be there to help their affected policyholders get back on their feet. Tens of thousands of evacuees began making their way home …
Fri, 20 Oct 2017 04:08:15 +0000
The Department of Financial Services’ long-time Legislative Affairs Director Elizabeth Boyd has been promoted to Deputy Chief Financial Officer, according to a statement from Chief Financial Officer Jimmy Patronis. In this new role, Boyd will oversee t...
Fri, 20 Oct 2017 04:06:33 +0000
BB&T- Oswald Trippe and Company has expanded its Southeast Florida team with the addition of two new associates as commercial lines producers to assist business clients in the greater Southeast Florida area. Kelly Matacena has been named a commercial l...
Thu, 19 Oct 2017 23:00:34 +0000
George Parisotto has been named administrative director of the California Division of Workers’ Compensation. His appointment was made official by California Gov. Jerry Brown Jr. on Thursday. Parisotto has filled the post of acting administrative direct...
Thu, 19 Oct 2017 22:01:44 +0000
Insurance Commissioner Dave Jones today released preliminary data provided by eight California insurers processing claims for tens of thousands of policyholders that shows $1.045 billion in losses to commercial and residential structures, personal and ...
Thu, 19 Oct 2017 19:59:48 +0000
San Diego, Calif.-based ICW Group Insurance Cos. has named John Novak chief operating and strategic execution officer. Novak will succeed David Hoppen, who accepted the position of president of VerTerra Insurance Co. (a member company of ICW Group). No...
Thu, 19 Oct 2017 17:59:32 +0000
The California Workers’ Compensation Institute this week released a report on a list of bills that will affect the workers’ comp system. The bills were recently signed into law at the end of the Legislative session by Gov. Jerry Brown. …
Thu, 19 Oct 2017 16:35:03 +0000
It took five weeks for the largest U.S. oil refinery to get back to normal after Hurricane Harvey. It’s taking Port Arthur, Texas, a lot longer. Nearly two months after Harvey inundated Port Arthur, a crucial hub of the global …
Thu, 19 Oct 2017 16:22:33 +0000
The mayor of the Gulf Coast community of Rockport says Hurricane Harvey destroyed about a third of the town and that 30 to 35 percent of it will probably never be rebuilt. Mayor Charles “C.J.” Wax said during a panel …
Thu, 19 Oct 2017 16:14:06 +0000
For state Rep. Lyle Larson, Hurricane Harvey was not only a tragedy but also a wasted opportunity. The San Antonio Republican, who chairs the House Natural Resources Committee, estimates that the amount of rain the storm dropped on the state …
Thu, 19 Oct 2017 15:03:57 +0000
A fire that erupted at the West Coast’s largest oil refinery threatened storage tanks and sent huge flames into the sky and black smoke across neighborhoods before crews quickly smothered it. Dozens of firefighters responded late Tuesday to the 1,000-a...
Thu, 19 Oct 2017 15:00:31 +0000
Colorado energy regulators are proposing tighter rules for shutting down oil and gas pipelines after a fatal explosion blamed on natural gas leaking from a line that was thought to be out of service but was still connected to a …
Thu, 19 Oct 2017 14:44:35 +0000
California’s chief utility regulator said the state may never determine whether PG&E Corp.’s electrical equipment played a role in igniting the deadly blazes near San Francisco earlier this month. The wildfires, which have killed at least 42 people and...
Thu, 19 Oct 2017 14:38:51 +0000
Woodruff-Sawyer & Co. has named Dan Berry leader of the firm’s private equity and venture capital group. Berry is a senior vice president and partner in Woodruff-Sawyer. He joined the firm in 2011 and has specialized in the risk management …
Thu, 19 Oct 2017 13:47:55 +0000
The Travelers Companies today reported $293 million in net income for the third quarter despite absorbing more than $700 million in catastrophe claims. The $293 million in net income was a 59 percent decline from the $716 million in last …
Thu, 19 Oct 2017 13:25:29 +0000
Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase from $15 million, effective immed...
Thu, 19 Oct 2017 13:12:31 +0000
Five of the world’s largest risk management associations have agreed to work together towards a recognition of their respective risk management designations/certification programs. The organizations, ALARYS (Latin America), FERMA (Europe), IRMSA (South...
Thu, 19 Oct 2017 13:04:43 +0000
A Machiasport, Maine, man is suing a salmon farm over a workplace injury in which he lost two fingers. Jesse Redman sued True North Salmon US Inc. and Cooke Aquaculture USA Inc. last week in U.S. District Court in Bangor, …
Thu, 19 Oct 2017 12:56:44 +0000
Delaware Insurance Commissioner Trinidad Navarro has announced that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2017. “This insurance rate decrease has a direct impact on Delaware’s employers, enabling them ...
Thu, 19 Oct 2017 12:44:21 +0000
Satellite Agency Network Group Inc. (SAN) announced that Michael Adam Insurance Agency of Dansville, N.Y., has joined the alliance. By joining SAN Group, Michael Adam Insurance Agency will have access to additional markets and competitive insurance pro...
Thu, 19 Oct 2017 12:44:09 +0000
A first-year associate at a Manhattan law firm brought her complaint of sexual harassment to the managing partner. Her male boss, she said, had told her to take off her clothing. After months during which she continued to work for …