Wed, 16 Jan 2019 08:00:04 +0000
A U.S. appeals court on Tuesday upheld a judgment worth $440 million that was won by intellectual property licensing firm VirnetX Inc. against Apple Inc. in a patent infringement case. The U.S. Court of Appeals for the Federal Circuit denied …
Wed, 16 Jan 2019 06:27:53 +0000
Illinois-based specialty insurance company, RLI Corp. has promoted three leaders within its Claim department. Nic Mesco, assistant vice president, Claims, has been promoted to vice president, Claims, with executive leadership responsibility for RLI’s C...
Wed, 16 Jan 2019 06:16:56 +0000
Republican Gov. Ron DeSantis began following up on a campaign promise to make the environment a priority by signing an order last week seeking to tackle Florida’s problems with blue-green algae in its rivers and red tide off its coast. …
Wed, 16 Jan 2019 06:00:58 +0000
Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the three biggest auto insurers. The U....
Wed, 16 Jan 2019 06:00:16 +0000
A Bozeman hospital has paid out $10 million to settle a federal lawsuit that accused its radiology department of fraud. The Bozeman Daily Chronicle reported that recently unsealed court documents show Bozeman Health Deaconess Hospital paid about $7.2 m...
Wed, 16 Jan 2019 06:00:10 +0000
U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with scheming to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission database. The charges against 10 defenda...
Wed, 16 Jan 2019 05:39:42 +0000
AAIS (American Association of Insurance Services), a not-for-profit insurance advisory organization, has added additional features to its openIDL blockchain platform, including: improved data call transparency and communication capabilities specificall...
Wed, 16 Jan 2019 05:24:36 +0000
The Kentucky Supreme Court struck down last month Kentucky’s Medical Review Panels Act, which was enacted by the General Assembly in 2017, returning the process of reviewing medical malpractice claims back to the state courts for the foreseeable future...
Wed, 16 Jan 2019 05:21:43 +0000
Willis Towers Watson has appointed Jonathan Oppenheim as regional Construction leader in its Southeast region, part of the company’s North American Construction business. Oppenheim, a 30-year industry veteran, joins the company from JLT Specialty U.S.A...
Tue, 15 Jan 2019 23:51:01 +0000
Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government. The House of Commons voted 432- 202 …
Tue, 15 Jan 2019 20:44:55 +0000
CSAA Insurance Group has named Katherine Evans president of regulatory and government affairs. Evans will oversee all areas of CSAA Insurance Group’s government and regulatory practices, and will report to the company’s chief legal officer, Mike Zukerm...
Tue, 15 Jan 2019 17:57:41 +0000
An Alabama-based chiropractor, who was accused in a scheme to conduct fraudulent physical examinations on prospective long-haul truckers and submit false documents to federal transportation regulators, has been sentenced to more than three years in pri...
Tue, 15 Jan 2019 17:43:55 +0000
Utility crews worked late into Sunday to restore power to western North Carolina residents and businesses that lost electricity due to freezing rain and sleet this weekend. Duke Energy and electric cooperatives reported about 63,000 customers still wer...
Tue, 15 Jan 2019 17:38:47 +0000
Greenlight Capital Re Ltd. (Greenlight), a specialist property and casualty reinsurance company headquartered in the Cayman Islands, announced it is again investing in the Chicago-based managing general underwriter (MGU) AccuRisk Solutions LLC (AccuRis...
Tue, 15 Jan 2019 17:23:53 +0000
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a+” of Atain Specialty Insurance Co. and Atain …
Tue, 15 Jan 2019 17:21:17 +0000
While not making any specific recommendations to lawmakers regarding the licensing of building and roofing contractors, the Texas Department of Insurance noted in its 2018 Biennial Report to the Legislature that the department has “heard concerns about...
Tue, 15 Jan 2019 17:17:54 +0000
Lansing, Michigan-based AF Group has promoted five in key leadership positions across the organization. Abel Travis has been promoted to vice president, Underwriting & Product Innovation. Prior to joining AF Group in April 2018, Travis was assistant vi...
Tue, 15 Jan 2019 17:07:18 +0000
Penni Nelson has been named president of the Dallas-Fort Worth chapter of the Risk and Insurance Management Society (RIMS) for 2019, the Surplus Lines Stamping Office of Texas (SLTX) announced. Nelson is a member of the SLTX board of directors. …
Tue, 15 Jan 2019 17:01:11 +0000
The U.S. Geological Survey says an earthquake shook parts of northern Oklahoma early in the morning on Jan. 14. Geologists say the 3.6 magnitude earthquake was recorded at 2:20 a.m. Monday near Waukomis, about 80 miles northwest of Oklahoma City. …
Tue, 15 Jan 2019 16:47:19 +0000
PG&E Corp.’s chances of emerging from bankruptcy proceedings hinge in part on an arcane California legal rule that threatens to keep the utility owner perpetually on the hook for liabilities from catastrophic wildfires even beyond the more than $30 bil...
Tue, 15 Jan 2019 16:35:26 +0000
Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane Michael. These natural disaster claims will mainly aff...
Tue, 15 Jan 2019 16:04:43 +0000
The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing committees. “The 2019 NAIC committee leadership reflects...
Tue, 15 Jan 2019 16:00:54 +0000
A 5.0 magnitude earthquake that rattled Alaska residents through the Anchorage area and beyond was confirmed as an after aftershock of the magnitude 7.0 Anchorage earthquake that struck on Nov. 30, 2018. There were no immediate reports of damage or …
Tue, 15 Jan 2019 14:53:00 +0000
A fire at a Boston marina likely strengthened by diesel fuel heavily damaged three boats, sinking two of them. Fire department officials say a woman was on one of the boats, but escaped unharmed. There were no reports of injuries. …
Tue, 15 Jan 2019 14:48:51 +0000
Providence, R.I., officials have temporarily shut down a restaurant where a patron opened fire. The city Board of Licenses says they held an emergency meeting Sunday and approved a request from city police to shut down La Sonrisa Cafeteria for …
Tue, 15 Jan 2019 14:46:00 +0000
A Connecticut judge has dismissed lawsuits against Purdue Pharma and two dozen other drug companies brought by 37 cities and towns in the state, which blame them for the opioid crisis and seek to recoup millions of dollars spent on …
Tue, 15 Jan 2019 14:09:20 +0000
Risk Strategies, a privately held national insurance brokerage and risk management firm, has selected Bret Murray to oversee its national higher education practice. Most recently, Murray was director of risk management and insurance at Tufts University...
Tue, 15 Jan 2019 14:03:21 +0000
Nelson Kefauver has joined OneBeacon Insurance Group as president of its Management Liability business unit, reporting to Executive Vice President Paul Brehm. In his new role, Kefauver will lead a specialty underwriting team targeting not‐for‐profi...
Tue, 15 Jan 2019 13:54:43 +0000
A group of trustees from some of America’s biggest public pensions are calling on companies to detail costs related to sexual harassment and any measures they’re taking to address the problem. “We don’t see how it could possibly be accretive …
Tue, 15 Jan 2019 10:16:05 +0000
Danske Bank A/S’s money-laundering scandal threatens to undermine its growth engine. The lender’s Nordic banking operation, which encompasses Norway, Sweden and Finland, was the only core unit of five to report higher profit in the third quarter. But n...