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21
09, 2015
Florida Police Arrest 37 Teens After Vehicle Burglary Spree
Polices in Pensacola Florida recently arrested 37 teenagers for vehicle burglaries. Assistant police chief Tommi Lyter told the Pensacola News-Journal there were no overarching affiliations among the teens even though there were similarities in their methods. Lyter said groups of …
21
09, 2015
West Virginia Funeral Home Sued for Filing False Death Claims to Insurers
The operators of a Putnam County, West Virginia funeral home are being accused of filing false death claims to insurance companies on behalf of pre-need contract customers who were still alive. Attorney General Patrick Morrisey filed a complaint Friday alleging …
21
09, 2015
Aon Benfield Lists 7 Emerging Business Risk Opportunities for Re/Insurers
Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy, reputation and brand, micro insurance, corporate liability covers, terrorism …
18
09, 2015
Early Data on Workplace Fatalities in California Show Decline
The Department of Industrial Relations has posted preliminary workplace fatality statistics for California in 2014 that show a decline. The Census of Fatal Occupational Injuries data reflect a total of 334 fatal work injuries statewide in 2014, a decrease of …
18
09, 2015
Marsh’s Torrent Technologies Launches New Excess Flood Policy
Torrent Technologies, Inc., a Marsh company, in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has the availability of a new excess flood insurance option that combines coverage with real-time quoting and binding functionality. …
18
09, 2015
Alliant in California Names Harney Senior Vice President
Alliant Insurance Services has named Christopher David Harney a senior vice president in its real estate group. He will be based in Alliant’s Newport Beach, Calif. headquarters office. Harney will provide risk management and insurance solutions to a client roster …
18
09, 2015
El Niño’s Dark Side Could Bring More Trouble to California
A group of drought experts gathered in California this week, and it wasn’t long before the conversation turned to El Niño. They weren’t touting it as the savior that will end the state’s four-year drought. Instead, they were looking at …
18
09, 2015
Taiwan’s Cathay Financial Completes Acquisition of Conning
Cathay Financial Holding Co. Ltd., based in Taiwan, said it has completed the previously-announced acquisition of Conning Holdings Corp. through its subsidiary, Cathay Life Insurance Co, Ltd. Conning, based in Hartford, Conn., is an investment manager focused on the insurance …
18
09, 2015
Florida Issues Citizens’ 2016 Commercial Lines Rate Order
The Florida Office of Insurance Regulation has issued an Order establishing the 2016 commercial lines rates for Citizens Property Insurance Corporation (Citizens). The overall estimated statewide average rate changes are shown in the chart below. The effective date for both new …
18
09, 2015
Uber vs. Taxi Clash Heats Up at Massachusetts Statehouse
The tension between traditional taxis drivers and those who drive for services like Uber and Lyft was on display Tuesday as Massachusetts lawmakers grappled with proposals to regulate the popular but largely unfettered ride-hailing services. The Financial Services Committee is …