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States weigh comp reforms for first responders with PTSD
Legislation to help first responders receive workers comp for mental stress injuries has cropped up in several states.

POSTED APRIL 26, 2017 7:00 AM
Differing comp reform bills considered in Florida
Legislators are trying to address Florida Supreme Court decisions that have impacted the state's workers comp system.

POSTED APRIL 26, 2017 7:00 AM
Insurers offer protection against losses arising from negative viral content
Japanese general insurers such as Sompo Japan Nipponkoa Insurance Inc., Mitsui Sumitomo Insurance Co. Ltd., and Tokio Marine & Nichido Fire Insurance Co. Ltd. are offering coverage to businesses for potential losses caused by negative viral content on the Internet.

POSTED APRIL 26, 2017 4:00 AM
Insurers settle nearly 80% of quake claims
Nepal's insurance regulator said that local nonlife insurers have settled nearly 80% of claims worth almost 17 billion Nepalese rupees ($165 million) from the April 2015 earthquake.

POSTED APRIL 26, 2017 4:00 AM
Allianz Malaysia ends talks to buy Malaysian investment manager
Insurer Allianz Malaysia Bhd has discontinued talks to purchase investment manager HSBC Amanah Takaful (Malaysia) Bhd.

POSTED APRIL 26, 2017 4:00 AM
Romanian insurer's premiums rise 20%
Romania-based insurer Gothaer Asigurari Reasigurari S.A.'s gross written premiums grew 20% year on year to nearly 98 million Romanian lei ($23 million) in 2016.

POSTED APRIL 26, 2017 4:00 AM
Floods cause nearly $4 million damage in Jamaica
Desmond McKenzie, Jamaica's local government minister, said that heavy rains that lashed the island recently caused $492 million Jamaica ($3.8 million) worth of damage.

POSTED APRIL 26, 2017 4:00 AM
Everest Re's profits rise more than 75%
Bermuda-based reinsurer Everest Re Group Ltd.'s profits grew 77% year on year to nearly $292 million in the first quarter from nearly $172 million in the first quarter of 2016.

POSTED APRIL 26, 2017 4:00 AM
Hurricane Matthew insured losses total $4.5 billion: Aon Benfield
Data from U.K.-based reinsurance broker Aon Benfield Group Ltd. showed that hurricane Matthew caused an estimated loss of $4.5 billion to the insurance and reinsurance industry and an economic loss of almost $15 billion.

POSTED APRIL 26, 2017 4:00 AM
Suncorp warns against setting up government-backed cyclone insurer
Australia-based insurer Suncorp Group Ltd. has warned against setting up a government-backed cyclone insurer for North Queensland.

POSTED APRIL 26, 2017 4:00 AM

News – Insurance Journal

St. Joseph’s University Team Wins Spencer-RIMS Risk Management Challenge
At the Spencer Educational Foundation reception, RIMS board director and director of global risk management and insurance at PayPal Inc., Laura Langone, announced St. Joseph’s University’s student team as the winners of the Spencer-RIMS Risk Management Challenge. The team, comprised …

POSTED APRIL 26, 2017 1:38 PM
Massive Maryland Fire Leads to Estimated $39M Loss
Firefighters were still dousing hot spots Tuesday after a massive fire at a seven-story apartment building under construction near the University of Maryland. News outlets reported that firefighters were working to keep the fire that consumed the roof of the …

POSTED APRIL 26, 2017 1:20 PM
Sheriffs: Raise Massachusetts Pot Tax, Use Money for Addiction Treatment
Sheriffs urged Massachusetts lawmakers Monday to boost the tax consumers will pay on recreational marijuana and earmark the additional revenue for substance abuse prevention and treatment. The proposal was discussed at the final hearing of a special legislative committee that …

POSTED APRIL 26, 2017 1:04 PM
Many Large Investors Tackle Climate Risks with Greener Investments
Most of the world’s largest asset owners have gotten the message that climate change poses a risk to their portfolios and are pivoting toward greener investments. Funds worth $27 trillion that comprise 60 percent of the world’s biggest investors are …

POSTED APRIL 26, 2017 10:15 AM
Ed Names Howden’s Plummer as Chairman of Property & Casualty
Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of John Plummer as chairman of Property & Casualty. Plummer takes up his role with immediate effect. Plummer brings over 30 years of experience in the insurance industry to …

POSTED APRIL 26, 2017 9:09 AM
Canada’s Economical Strengthens Executive Team, Realigns Operations
Waterloo, Ontario-based Economical Insurance announced two additions to its executive team. Fabian Richenberger will join the company as executive vice president, Commercial Insurance, and Kelley Irwin will join as senior vice president and chief information officer, effective May 1, 2017. …

POSTED APRIL 26, 2017 9:00 AM
ILS Market Continues Growth Trend in Q1 2017: Willis Towers Watson
Non-life insurance-linked securities (ILS) capital grew again in Q1 2017, continuing the trend from 2016, according to the latest ILS Market Update from Willis Towers Watson Securities, the investment banking business of Willis Towers Watson. Following a strong Q4 2016, …

POSTED APRIL 26, 2017 8:30 AM
Global Protectionism Risks Economic Growth: Zurich, Atlantic Council
A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …

POSTED APRIL 26, 2017 8:00 AM
XL Catlin Launches A&H Cover, ‘Protect & Assist,’ for UK Firms
XL Catlin has launched “Protect and Assist,” its accident and health insurance solution designed to help UK businesses protect their people and meet their duty of care in the face of emerging risks and heightened security threats. Protect and Assist …

POSTED APRIL 26, 2017 7:38 AM
FM Global Chooses Luxembourg as Post-Brexit EU HQ
U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned $5.5 billion in gross premium last year, …

POSTED APRIL 26, 2017 7:30 AM
Supreme Court Weighs Limiting Where Corporations Can Be Sued
The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs’ lawyers who strive to bring cases in courts and locales they consider friendly. The nine justices in two …

POSTED APRIL 26, 2017 5:00 AM
Realities of Today’s Commercial Insurance Market: Willis Towers Watson
Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers’ market. That reality holds despite potential regulatory and monetary policies pending in Washington, D.C. under the fledging Trump presidential administration, Willis Towers Watson …

POSTED APRIL 26, 2017 5:00 AM
Generali Expands U.S. Operations with Chicago, San Francisco Offices
Generali is expanding its U.S. global corporate and commercial operations with the opening of offices in Chicago and San Francisco in a bid to grab more business from U.S. multinational companies. The Italian insurer’s growth comes through its Generali Global …

POSTED APRIL 26, 2017 5:00 AM
Official Says Georgia Wildfire Could Go On For 6 Months
A wildfire in Georgia that has scorched more than 70 square miles (180 square kilometers) of public lands near the Georgia-Florida state line could burn for the next six months unless heavy rains snuff out the flames sooner, fire officials …

POSTED APRIL 26, 2017 4:38 AM
Allianz Sponsorship of Florida Golf Event Ends Amid Holocaust Survivor Protests
Holocaust survivors on Monday celebrated the end of German insurance giant Allianz’s sponsorship of a Florida pro golf tournament, saying it may boost efforts to collect some $2.5 billion in World War II-era policies issued to Jews that they say …

POSTED APRIL 26, 2017 4:29 AM
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

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