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15
07, 2016
Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout
A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a …
15
07, 2016
Construction Firm Sentence for New York Worker’s Death: Pay for Public Announcements
A construction company convicted in the death of a worker in a New York trench collapse has been sentenced to fund a series of worker safety public service announcements. But an attorney for Harco Construction LLC told a judge Wednesday …
15
07, 2016
Starr Companies Appoints Grey as President, Latin America Division
Starr Companies announced that Dorian Grey has joined the company as president, Latin America Division. Grey will have overall responsibility for the growth and profitability of Starr’s activities in Mexico, Central and South America and the Caribbean. “We are delighted …
15
07, 2016
House GOP Wants Democratic AGs’ Records on Climate Change Suit Against Exxon
Escalating a political fight over global warming, a Republican House chairman issued subpoenas this week to two Democratic state attorneys general, seeking records about their investigation into whether Exxon Mobil misled investors about man-made climate change. Texas Rep. Lamar Smith, …
15
07, 2016
Allied World, Great Point Partner on Online Small Business Umbrella Program
Allied World North America has teamed with program administrator Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro. Designed for companies with less than $25 million in annual revenues, …
14
07, 2016
U.S. Risk, Kohlberg & Co. Forge Partnership Agreement
Dallas-based international specialty lines underwriting manager and wholesale broker, U.S. Risk Insurance Group Inc. (U.S. Risk), announced it has entered into a definitive agreement to partner with the private equity firm, Kohlberg & Co. LLC (Kohlberg). Subject to receipt of …
15
07, 2016
Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability
If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered unaffordable, under a new index being adopted …
15
07, 2016
Orlando Police Release Pulse Nightclub Back to Owner 1 Month After Shooting
Law enforcement has released the Pulse nightclub in Orlando to its owner just a month after it was the scene of the worst mass shooting in recent U.S. history. Officials with the Florida Department of Law Enforcement said Wednesday that …
15
07, 2016
Alabama Cemetery Issues Bans on ‘Pokemon Go’ Players
An Alabama cemetery is banning people from playing the popular Pokemon Go game on its property. The president of Mobile Memorial Gardens, Timothy Claiborne, says a cemetery is supposed to be a place for peaceful reflection. But Claiborne tells WKRG-TV …
15
07, 2016
Federal Scientists Issue Final Update of West Virginia Chemical Spill Study
Federal government scientists have released a final update of their study of the January 2014 chemical spill that temporarily fouled the drinking water supplies of 300,000 Charleston-area residents, reporting no significant new findings. The Charleston Gazette-Mail cited the report as …