October 17, 2018
New England Insurance Group
Wed, 17 Oct 2018 08:29:04 +0000
Britain’s financial sector brushed off Brexit uncertainty in 2017 to attract more inward investment than eight rival centers vying for its business, the City of London Corp. said on Wednesday. The body that governs the capital’s historic “Square Mile” ...
Wed, 17 Oct 2018 05:58:09 +0000
A 33-year-old pilot, formerly of Kemah, Texas, was sentenced in early October to more than five years in prison and ordered to repay nearly $1 million in an insurance fraud-related case. Theodore Robert Wright III previously pleaded guilty on Dec. …
Wed, 17 Oct 2018 05:32:27 +0000
Kansas City, Missouri-based insurance services firm, Lockton Companies, has named Julie Gibson senior vice president, director of marketing, communications and external affairs. She is based in Kansas City. Gibson will focus on growing the Lockton bran...
Wed, 17 Oct 2018 05:00:52 +0000
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator’s warning came in the form of a report on its investigation to assess …
Wed, 17 Oct 2018 05:00:52 +0000
Hurricane Michael’s devastation could spur policymakers to better prepare vulnerable communities for the effects of climate change. The images of entire towns in Florida’s panhandle all but erased by storm surges, as well as accounts of bodies pulled f...
Wed, 17 Oct 2018 05:00:44 +0000
Giant Google’s investment arm has purchased a minority stake in Applied Systems, a provider of insurance technology and cloud-based software for independent agencies. The investment in Applied Systems is being made through CapitalG, the growth equity i...
Wed, 17 Oct 2018 05:00:03 +0000
Facebook Inc. knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in …
Wed, 17 Oct 2018 04:52:42 +0000
AXA XL’s North America marine insurance business has expanded its coverage options for the marine insurance market with a new policy specifically designed and delivered to address workboat risks. AXA XL’s Workboat policy offers owners workboats standal...
Wed, 17 Oct 2018 04:39:52 +0000
Hurricane Michael failed to break up a patchy and toxic algae bloom that has lingered in the Gulf of Mexico off Florida’s shoreline for the last year, experts said Monday, meaning the red tide outbreak could continue to cause problems …
Wed, 17 Oct 2018 04:23:50 +0000
The sharp partisanship that’s typified North Carolina’s government was buried temporarily on Monday as legislators approved spending $400 million to quickly help people and communities reeling from flooding left by Hurricane Florence and setting aside ...
Wed, 17 Oct 2018 04:03:30 +0000
Unlike in South Florida, homes in the state’s Panhandle did not have tighter building codes until just 11 years ago; it was once argued that acres of forests would provide the region with a natural barrier against the savage winds …
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, …