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UK Finance Firms ‘Not Crying Wolf’ in Concerns About Loss of EU Passports
One afternoon in mid-January, Prime Minister Theresa May walked into a meeting room in the Swiss resort of Davos to face Wall Street’s most powerful bankers. May had delivered her vision two days earlier for pulling Britain out of the …

POSTED MARCH 24, 2017 11:42 AM
Ironshore Expands Global M&A Unit with Appointments, Capacity Hike
Ironshore has expanded its mergers & acquisitions capabilities with a team of new hires in the Americas and broadened office presence to serve Canada and Latin America. In addition, to support heightened transaction volume throughout the Americas region, Ironshore increased …

POSTED MARCH 24, 2017 11:09 AM
PwC Settles Negligence Claim Over MF Global Collapse
PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the malpractice case was …

POSTED MARCH 24, 2017 10:40 AM
Appeals Court Rules Florida Dairy OK to Label Skim Milk as ‘Skim Milk’
A small, all-natural dairy isn’t being deceptive when it calls its skim milk “skim milk,” a federal appeals court has ruled – a victory for a Florida creamery that fought the state’s demand to label the product “imitation” because vitamins …

POSTED MARCH 24, 2017 4:49 AM
Mississippi City to Close 6 Train Crossings After Deadly Collision
The city council in Biloxi, Miss., has approved a plan to close six railroad crossings in the city. Biloxi had already been planning to close a half-dozen of its 29 railroad crossings before a CSX freight train hit a tour …

POSTED MARCH 24, 2017 4:39 AM
Tennessee Lawmakers Reject Bill Shielding Drivers Who Hit Protesters
A Tennessee committee has voted down a bill to protect drivers from lawsuits if they hit protesters who are blocking traffic. On Wednesday, the House Civil Justice Subcommittee voted against the legislation by Republican Rep. Matthew Hill of Jonesborough. The …

POSTED MARCH 24, 2017 4:35 AM
Argo Pro Enhances E&O Coverage for Professional Services Firms
Argo Pro, a member of Argo Group International Holdings, Ltd., has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms for four different classes of professional services. The following E&O PROtect forms are currently …

POSTED MARCH 24, 2017 4:00 AM
Data Breach May Affect more than 430K in Oklahoma
Oklahoma Office of Management and Enterprise Services says more than 430,000 people in the state may have had their personal information compromised by a data breach. The agency said that the Oklahoma Employment Security Commission and the Office of Workforce …

POSTED MARCH 24, 2017 1:24 AM
New Arkansas Law Expands Where Concealed Guns Allowed
Arkansas’ governor has signed a sweeping gun rights measure into law that will allow concealed handguns at state colleges, some bars, government buildings and even the state Capitol. The measure approved by Republican Gov. Asa Hutchinson allows someone with a …

POSTED MARCH 24, 2017 1:19 AM
Texas Senate OKs Ban on Abortion Coverage in Some Insurance Plans
The Texas Senate on March 22 preliminarily approved a bill prohibiting coverage of abortion by some health insurance plans in Texas — despite similar efforts stalling previously. The 19-10 vote leaves Sen. Larry Taylor’s bill a final, largely ceremonial vote …

POSTED MARCH 24, 2017 1:18 AM
Texas-Based ProAg to Acquire Iowa’s International Ag Insurance Solutions
Producers Ag Insurance Group Inc. (ProAg), a member of the Tokio Marine HCC group of companies, has agreed to acquire crop managing general agent, West Des Moines, Iowa-based International Ag Insurance Solutions LLC (International Ag). The transaction, which is subject …

POSTED MARCH 24, 2017 1:16 AM
Oswald Cos. Names Sandusky Global Casualty Practice Leader
Oswald Companies, based in Cleveland, Ohio, has appointed Suzanne Sandusky as global casualty practice leader for property/casualty. Sandusky will lead the independent insurance brokerage firm’s national and international casualty strategy. Sandusky has 25 years of experience in designing unique casualty …

POSTED MARCH 24, 2017 1:13 AM
Agencies Can Survive Insuretech, Say Experts at Southern California Conference
“If we survive the next five to 10 years and improve the way we do things, we can be well-positioned into the future.” James Keating, founder, chairman and CEO of The Keating Group, offered those positive words amid the din …

POSTED MARCH 23, 2017 11:19 PM
Magnitude 4.0 Quake and 2 Smaller Temblors Reported in Oklahoma
The U.S. Geological Survey reports a magnitude 4.0 earthquake and two smaller temblors struck Oklahoma on March 22. The larger quake was recorded near Stroud, located about 60 miles northeast of Oklahoma City. Two smaller quakes were also recorded. A …

POSTED MARCH 23, 2017 4:34 PM
Reported Dakota Access Pipeline Vandalism Exposes Risk of Sabotage
The developer of the Dakota Access pipeline has reported “recent coordinated physical attacks” on the much-protested line, just as it’s almost ready to carry oil. Texas-based Energy Transfer Partners didn’t give details, but experts say Dakota Access and the rest …

POSTED MARCH 23, 2017 4:32 PM
Texas-Based Neiman Marcus to Pay $1.6M in Suit Over 2013 Security Breach
Neiman Marcus Group Ltd. has agreed to pay $1.6 million to settle a class-action lawsuit over a 2013 security breach that exposed the credit and debit card data of about 350,000 shoppers. Court documents show the Dallas-based luxury retailer filed …

POSTED MARCH 23, 2017 4:24 PM
Trial Over Oklahoma Jail Inmate’s Death Ends in $10M Jury Verdict
An attorney for the estate of a man who was naked and paralyzed when he died in a cell in the Tulsa County (Oklahoma) Jail’s medical unit hailed a jury’s $10.25 million verdict in a federal civil rights trial. The …

POSTED MARCH 23, 2017 4:22 PM
Welder Sparked Massive Kansas Apartment Fire, Official Says
A fire that leveled a multimillion-dollar apartment building under construction and spread to about two dozen homes in suburban Kansas City, Mo., started when a welder accidentally ignited wooden building materials, fire officials said. More than 100 firefighters battled the …

POSTED MARCH 23, 2017 4:17 PM
Senator: North Dakota Insurance Fund Won’t Pay Claim in Gambling Case
A state senator from Fargo says the North Dakota Insurance Reserve Fund will not pay a claim from the founder of a former horse racing betting company whose conviction for illegal gambling was overturned. A judge has ruled that Susan …

POSTED MARCH 23, 2017 4:14 PM
Bill Requiring Insurance Discounts for Resilient Homes Passes Oklahoma House
A bill that would require a homeowner’s insurance company to factor into the insurance premium the more resilient construction if the homeowner retrofits or builds a new home to certain specified standards has passed the Oklahoma House of Representatives. The …

POSTED MARCH 23, 2017 4:11 PM
BLS Report Finds New Jersey Fatal Work Injuries Increased in 2015
The U.S. Bureau of Labor Statistics (BLS) reported that fatal work injuries totaled 97 in New Jersey for the year 2015, a 10 percent increase from the previous year, according to Chief Regional Economist Martin Kohli in the release. This …

POSTED MARCH 23, 2017 3:56 PM
Saving Coral Reefs Requires ‘War’ on Global Warming: Study
Reducing pollution and curbing overfishing won’t prevent the severe bleaching that is killing coral at catastrophic rates, according to a study of Australia’s Great Barrier Reef. In the end, researchers say, the only way to save the world’s coral from …

POSTED MARCH 23, 2017 3:23 PM
Update: EU Weighs Lowering Regulatory Requirements for Fintech Firms
The European Commission could introduce EU passporting and lower regulatory requirements for financial technology firms, moves that could undercut London’s leading position in “fintech” as Britain gets ready to leave the European Union. The EU executive’s vice president Valdis Dombrovskis …

POSTED MARCH 23, 2017 2:16 PM
New York Bridge Inspector Convicted for Falsifying Safety Review
A state contract bridge inspector accused of creating a false safety report for a county bridge has been convicted of a felony. New York Inspector General Catherine Leahy Scott announced Monday that Akram Ahmad of Bridgeport, Connecticut, was convicted by …

POSTED MARCH 23, 2017 1:35 PM
Academy of Insurance Director Surveys State of Learning
Patrick Wraight knew when he took over as director of Insurance Journal’s Academy of Insurance earlier this year that he would be making some changes but first he wanted to find out who is taking the Academy classes and why. …

POSTED MARCH 23, 2017 1:13 PM
AIG Seeks Best Drivers in Singapore with New Smartphone App
AIG Asia Pacific Insurance Pte. Ltd. (AIG Singapore) has launched a nationwide search to find Singapore’s best drivers with “AIG On the Go,” a telematics-based smartphone application. “AIG On the Go” scores drivers’ performance every time they get behind the …

POSTED MARCH 23, 2017 12:54 PM
Massachusetts-Headquartered Sullivan Insurance Group Hires Deluca
Sullivan Insurance Group, a Worcester, Mass.-headquartered full-service insurance and risk management firm, has hired Lauren L. Deluca to its commercial lines department. Deluca has worked in the insurance industry for 13 years, most recently at Insurance Marketing Agency. She is …

POSTED MARCH 23, 2017 12:46 PM
RiskProNet International Elects Forrester to Board of Directors
George J. Forrester, principal and senior vice president of the manufacturing division of AHT Insurance in Leesburg, Va., has been elected to the board of directors of RiskProNet International, a Menlo Park, Calif.-headquartered association of independent insurance brokers in North …

POSTED MARCH 23, 2017 12:43 PM
White House, Republicans Weigh Benefits Changes to Health Care Bill
The White House is talking with House conservatives about last-minute changes to the embattled GOP health-care bill aimed at wooing enough holdouts to secure House passage. Lawmakers and Trump administration officials are discussing revisions to “essential benefits” requirements in Obamacare, …

POSTED MARCH 23, 2017 12:38 PM
Now There Is Business Income Insurance for Vendors Booted Off Amazon
Like many people who make their living selling stuff on Amazon.com Inc., Rob Griffin is terrified of getting kicked off the site. Two years ago the Atlanta resident was suspended for selling a banned health supplement and wound up living off …

POSTED MARCH 23, 2017 12:22 PM

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