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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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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. …

State Farm Bets on ‘Real Time’ Telematics as GEICO Scoffs

The nation’s largest insurer has stepped up its investment in telematics, announcing this week an upgrade to its usage-based insurance program that allows policyholders to check on their driving habits trip-by-trip instead of waiting for a periodic score card. State …

Officials: Better Driver Standards Might Have Helped Prevent Deaths in Iowa Bus Fire

Federal safety investigators say enforcing better school bus driver standards and installing a fire suppression system may have prevented the deaths in a 2017 school bus fire in western Iowa. National Transportation Safety Board Chairman Robert Sumwalt said that the …

Federal Officials Looking at Flood Issues in Review of Texas Derailment

Investigators will consider storm-related flooding to help determine what caused an April 24 freight train derailment in North Texas that sent 25 tanker cars off the tracks. The National Transportation Safety Board on Monday issued a preliminary report on the …

Police Say Defects May Have Caused Balcony Collapse that Injured Utah Couple, 5 Kids

A Utah couple and five of their nine children are recovering from injuries after the balcony on their home collapsed. Spring City police say the accident occurred about 9:30 p.m. Sunday. The Salt Lake Tribune reports Adam Burningham, his wife …

Nevada’s Attorney General Files Wide-Ranging Opioid Lawsuit

Nevada’s attorney general expanded the state’s lawsuit against the maker of the opioid OxyContin this week to include the company’s former president, his family, other drugmakers, distributors and drugstores, including Walgreens, CVS and Walmart. The lawsuit naming more than 40 …

California Warehouse Fire Defendant Says No One Was in Charge

The San Francisco Bay Area warehouse where a fire killed 36 people more than two years ago was an artist enclave where nobody was fully in charge, one of two men blamed for the fire testified this week. Max Harris …

PG&E Settles for $1B with Local Governments for California Fire Claims

PG&E Corp. will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. Payments to the …

Sandy Hook Shooting Victims’ Parents Win Defamation Suit Against Conspiracy Authors

The father of a victim of the Sandy Hook Elementary School massacre has won a defamation lawsuit against the authors of a book that claimed the shooting never happened — the latest victory for victims’ relatives who have been taking …

Maine Farmer Becomes Board Chair of The MEMIC Group

From broccoli to the board room, Lance Smith has cultivated a reputation for collaboration, hard work and common sense. A partner in Smith’s Farm, the largest producer of broccoli and one of the largest growers of cauliflower in the East, …

Explosion Levels New Jersey Home, Injuring Lone Occupant

An explosion leveled a home in New Jersey on Monday, injuring the lone occupant, who was pulled from the burning rubble by an off-duty police officer and first responders. Heavy flames and a large plume of smoke rose from the …

Enrollment Opens for Dairy Farm Insurance Program

Vermont dairy farmers can now sign up for an improved insurance program to help them when the gap between milk prices and feed prices reaches a certain level. The new insurance program was created as part of the 2018 farm …

Drug Makers’ Supply Chain Probed as Blood Pressure Pill Tests Positive for Carcinogens

An online pharmacy told U.S. regulators it found another cancer-causing chemical in widely prescribed blood-pressure pills, raising new questions about a complex global web of companies that produces medicine for millions of people. A solvent called dimethylformamide was discovered in …

Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England

The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual harassment. The BOE’s director of insurance supervision Anna Sweeney said she would work together with the Financial Conduct Authority to …

Bayer Asks Judge to Overrule $2 Billion Monsanto Roundup Verdict

Bayer AG has asked a California judge to overrule a $2 billion verdict by jurors who found the company’s glyphosate-based Roundup weed killer responsible for a couple’s cancer, arguing the jury decision was not supported by evidence. The German drugmaker …

Vietnam Culls More Than 2.5M Pigs to Contain Deadly African Swine Fever: Officials

Vietnam has culled more than 2.5 million pigs to contain the spread of an African swine fever outbreak that is in danger of infecting every province of the country, an agriculture ministry official said on Tuesday. The virus, which is …

Greenhouse Gas Emissions Must Be Halved by 2030 to Avoid 3C Warming: Scientists

Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to reach double that by the end of the century even if countries’ current plans are fully implemented, research by scientists …

Legacy Specialist Compre Completes 3 Run-Off Acquisitions

Compre, the London-based independent re/insurance legacy specialist, announced it has signed three transactions involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Co. Ltd. (Helvetia), and an undisclosed European insurance group. Compre has acquired each company’s share of the Gibbon Pools, …

Caribbean Insurers’ Net Income Rebounds After 2016-2017 Hurricane Seasons: AM Best

An analysis of AM Best-rated property/casualty insurers based in the Caribbean found that overall net income rebounded significantly following the 2016-2017 hurricanes to $32.2 million in 2018 compared with a $4.3 million loss in the previous year. After losses in …

Aspen Taps Brekenfeld from Lloyd’s as Director of Global Corporate Development

Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development. Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior roles, most recently leading the business oversight relationship between …

Alera Group Selects Englert as National P&C Leader

Alera Group, a national employee benefits, property/casualty, risk management and wealth management firm based in Deerfield, Illinois, has appointed Mark Englert as national property/casualty practice leader. Englert will be responsible for continuing Alera Group’s path toward building world-class property/casualty solutions. …

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