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Florida’s Citizens Revises 2019 Rate Filing; Will Request 2.3% Statewide Rate Increase
Citizens Property Insurance Corporation’s Board of Governors has approved a revised 2019 rate proposal that the company said reflects recent legislative changes that targets the ongoing abuse of assignment of benefit agreements and will reduce unnecessary litigation responsible for driving …

POSTED JUNE 20, 2019 6:27 AM
Holmes Murphy Adds Payne as Organizational Wellbeing Practice Leader
Ali Payne has joined insurance services firm Holmes Murphy in Waukee, Iowa, as practice leader for Organizational Wellbeing. Payne brings more than 19 years of experience developing holistic, innovative solutions to enhance both the employee experience and engagement. Payne spent …

POSTED JUNE 20, 2019 5:58 AM
Tower Hill Specialty Expands Into Arkansas
Tower Hill Specialty is now offering manufactured housing and dwelling fire insurance policies in Arkansas. Optional coverage features include equipment breakdown and service line endorsements. The equipment breakdown option provides coverage for items such as appliances and HVAC systems. Discounts …

POSTED JUNE 20, 2019 5:55 AM
Senator Calls for Facebook, YouTube, Twitter to Lose Lawsuit Immunity If Politically Biased
Technology platforms such as Facebook Inc. and Google’s YouTube could face a flood of lawsuits unless they can demonstrate their treatment of users’ content is politically neutral, under a measure that U.S. Senator Josh Hawley’s office said he would offer …

POSTED JUNE 20, 2019 5:00 AM
Hudson River Pilot ‘Sully’ Urges More 737 Training, Aircraft Certification Reform
Chesley “Sully” Sullenberger, who in 2009 landed a US Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded Boeing 737 MAX should get new simulator training before the …

POSTED JUNE 20, 2019 5:00 AM
South Carolina Governor Looks to Tackle State’s Flooding Woes
Gov. Henry McMaster started his Saturday in a South Carolina town devastated by flooding twice in three years to try to help make things better in the short and the long term. McMaster and other volunteers helped clean trash and …

POSTED JUNE 20, 2019 4:43 AM
AIG Consolidates Reinsurance into New AIG Re; Taps Marsh’s Schaper as CEO
American International Group announced the formation of AIG Re, which consolidates the company’s assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, into one global business. AIG completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings last …

POSTED JUNE 20, 2019 12:05 AM
New York Effort to Legalize Marijuana Fails; Decriminalization Possible
New York state lawmakers couldn’t approve marijuana legalization this session, and the legislature is now considering a back-up bill that would expand access to the drug for medical reasons and decriminalize its possession for recreational purposes. As the legislature planned …

POSTED JUNE 19, 2019 10:18 PM
Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business
Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market, which launched its most recent modernization effort in May, …

POSTED JUNE 19, 2019 7:58 PM
Aspen Insurance Launches Cyber Risk Management Platform ‘SSIMPLE’
Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., announced the launch of its cyber risk management platform, SSIMPLE, which was developed to assist clients in the prevention and detection of, and response to, privacy and network security incidents. …

POSTED JUNE 19, 2019 5:12 PM

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