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AP Specialty’s Epstein Named by RIC as Vice President in California
RIC Insurance General Agency has named Michele Epstein as vice president of management and professional lines. She will be based in Chatsworth, Calif. and produce, enhance and expand these product offerings for RIC’s agency partners. Epstein worked as vice president …

POSTED APRIL 25, 2017 6:16 PM
Vertafore Acquires Analytics Firm RiskMatch
Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to insurance brokers and carriers. Founded in 2013, RiskMatch delivers web-based services, analytics, internal and external benchmarking capabilities, …

POSTED APRIL 25, 2017 5:14 PM
Louisiana’s Governor Declares State of Emergency Over Disappearing Coastline
Louisiana Gov. John Bel Edwards on April 19 signed an emergency proclamation declaring the Louisiana Coast in a state of crisis and emergency. The emergency proclamation will be sent to President Donald Trump and members of Congress as a necessary …

POSTED APRIL 25, 2017 4:55 PM
XL Catlin Enhances International Liability Policies for U.S.-based Businesses
XL Catlin’s Multinational Casualty business has introduced a new international liability coverage form designed for U.S.-based multinational companies to address their most complex casualty needs. The XL Catlin’s International Liability policy addresses the challenge of coordinating coverage territory between the …

POSTED APRIL 25, 2017 4:52 PM
Texas Surplus Lines Stamping Office Names 3 New Board Members
The Surplus Lines Stamping Office of Texas (SLTX) announced three new members have been appointed to its board of directors. These individuals are part of a nine-member board appointed by the Texas Commissioner of Insurance. Each board member serves a three-year …

POSTED APRIL 25, 2017 4:45 PM
Chubb’s Combined Insurance Moves to Chicago’s Triangle Plaza
Combined Insurance, a provider of individual supplemental accident, disability, health and life insurance products, and a Chubb company, has moved from its Glenview, Ill., office into Chicago’s Triangle Plaza, effective April 10. Approximately 300 Combined Insurance employees are based out …

POSTED APRIL 25, 2017 4:43 PM
American Dental Association to Pay $1.95M in EEOC Discrimination Case
The American Dental Association, which is headquartered in Chicago, has agreed to pay $1.95 million to resolve two charges of discrimination which were investigated by the Chicago District Office of the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …

POSTED APRIL 25, 2017 4:37 PM
Heavy Rains in South Carolina Cause Street Flooding, Power Outages
Heavy rains moving across South Carolina have left street flooding and scattered power outages. Duke Energy reported more than 2,500 customers without electricity Monday morning. Most of those were in Greenville County. South Carolina Electric and Gas Co. reported about …

POSTED APRIL 25, 2017 4:36 PM
EPA Says 3 Injection Wells Source of Contamination in Oklahoma Creek
The Environmental Protection Agency says it has narrowed the source of salt contamination in an Osage County, Oklahoma, creek to three nearby oil and natural gas injection wells. The Tulsa World reports the contamination was first reported in August 2016 …

POSTED APRIL 25, 2017 4:29 PM
10-Year Old Boy Set Fire at Ohio Store with People Inside, Police Say
Police say a 10-year-old boy has been charged as a juvenile with aggravated arson after a fire at an Ohio discount store caused damage estimated at more than $200,000. Middletown police Lt. Jim Cunningham says about 10 people were inside …

POSTED APRIL 25, 2017 4:27 PM
Michigan Lawmaker’s Proposal Would Allow Auto Insurance Options
Michigan state Rep. Jason Sheppard of Temperance has introduced legislation that he says would help drivers and families financially saddled by Michigan’s exorbitant automobile insurance rates. House Bill 4488 will allow consumers to choose a level of coverage, up to …

POSTED APRIL 25, 2017 4:25 PM
MetLife Asks Court to Delay ‘Too Big to Fail’ Challenge as Trump Vows Review
MetLife Inc. is asking a U.S. court to put on pause a case over how the government deems certain companies “too big to fail,” one of the most significant reforms to come out of the financial crisis, while President Donald …

POSTED APRIL 25, 2017 4:05 PM
New Jersey’s York Names Walsh Executive Vice President and Chief Claims Officer
York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has named Patrick Walsh as executive vice president and chief claims officer for York …

POSTED APRIL 25, 2017 3:30 PM
Colorado City Agrees to Pay $212K in Racial Profiling Suit
A Colorado city has agreed to pay $212,000 to settle a racial profiling lawsuit over the arrest of two black men that was captured on cellphone video and widely viewed on social media. The Colorado Springs Gazette reported the city …

POSTED APRIL 25, 2017 2:49 PM
Inspectors Find Continuing Safety Issues at Washington Mental Hospital
Inspectors who visited Washington state’s largest psychiatric hospital found that safety problems that thrust the facility into the national spotlight after the escape of two dangerous patients a year ago persist, including neglected patients. And a survey of Western State …

POSTED APRIL 25, 2017 2:47 PM
Small Quake Hits California Coast Near Santa Barbara
A small earthquake has rattled parts of the Southern California coast. The U.S. Geological Survey confirmed the magnitude-3.6 quake hit just before 11 a.m. Sunday about 3 miles east of Santa Barbara. A sheriff’s dispatcher says there are no immediate …

POSTED APRIL 25, 2017 2:44 PM
Willis Towers Watson Names 6 to Global FINEX Senior Leadership Team
Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group. Jeremy Wall has been appointed chairman of Global FINEX and head of FINEX for all …

POSTED APRIL 25, 2017 1:59 PM
New York City House Fire Kills 5, Including Children
Investigators are scouring for clues about what sparked a fast-moving New York City house fire that killed five people, including two young boys and two teenage girls. The fire broke out Sunday afternoon, on a street full of single-family homes …

POSTED APRIL 25, 2017 1:28 PM
Swiss Re Economists Win Award for Research on Nat Cat Protection Gap
The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of Swiss Re received the award for their paper on “The …

POSTED APRIL 25, 2017 1:28 PM
Schumer Calls for Better Communication After New York Penn Station Stampede
Sen. Charles Schumer says the stampede that injured 16 people at New York’s Penn Station just over a week ago shows a need for better coordination between law enforcement agencies at transportation hubs. The stampede erupted April 14 following false …

POSTED APRIL 25, 2017 1:18 PM
Massachusetts’ Eastern Insurance Hires Gross from Hanover Insurance
Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired William F. Gross as executive vice president of commercial lines. Gross, who works out of the Natick office, brings more than 17 years of insurance and sales experience …

POSTED APRIL 25, 2017 1:08 PM
RIMS 2017: Firms Value Cyber Assets Highly Until Time for Insurance
Despite believing that their plant, property and equipment are now less valuable than their cyber assets, most organization spend four times more on insurance protecting their physical plants, properties and equipment than they do their information-based assets. The 2017 Cyber …

POSTED APRIL 25, 2017 12:59 PM
Large Claims Becoming More Expensive, Complex & Global: Allianz
Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …

POSTED APRIL 25, 2017 12:19 PM
French Prosecutors Probe Peugeot Parent over Alleged Emissions Fraud
French prosecutors started a preliminary investigation of alleged fraud at PSA Group, the latest car manufacturer to be targeted over potential violations of emissions rules in the aftermath of Volkswagen AG’s diesel-cheating scandal. The stock fell the most in two months. …

POSTED APRIL 25, 2017 9:55 AM
Liberty Taps XL Catlin’s McKay for New Distribution & Client Mgmt Role
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to LSM’s head of Europe, Kadidja Sinz. …

POSTED APRIL 25, 2017 8:20 AM
XL Catlin Participates in Consortium Bringing Driverless Cars to UK
Oxbotica, the Oxford-based artificial intelligence company that is developing driverless cars for the UK, announced it is leading a consortium of companies that plans to trial a fleet of fully autonomous vehicles in urban areas and on motorways, culminating in …

POSTED APRIL 25, 2017 7:51 AM
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences …

POSTED APRIL 25, 2017 6:48 AM
Authorities Investigating Cause of 16-Car Pileup on Georgia’s I-75
The Georgia State Patrol says 10 people were injured in a 16-car pileup that shut down southbound Interstate 75 for nearly four hours. WSB-TV reports that the accident happened just before 2 p.m. on Sunday along I-75 at Allatoona Lake …

POSTED APRIL 25, 2017 5:27 AM
Bird Flu Restrictions Ended for Georgia Poultry Producers
Officials say they have ended restrictions on poultry producers that were enacted after the first confirmation of avian influenza in commercial birds in Georgia. News outlets report state veterinarian Robert M. Cobb Jr. said in a news release that effective …

POSTED APRIL 25, 2017 5:22 AM
Disney Says Man Died From Pre-Existing Condition After Orlando Ride
A 54-year-old man died after riding Disney’s Big Thunder Mountain Railroad roller coaster in February. The man had a pre-existing condition and collapsed and died at a hospital after riding the roller coaster. The Orlando Sentinel said man’s death was …

POSTED APRIL 25, 2017 5:17 AM

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