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18
07, 2016
New Jersey Storms Spawn Tornado, No Injuries Reported
Weather forecasters have confirmed a tornado touched down in New Jersey. The National Weather Service says a tornado with 75 mph winds was confirmed near White Township on July 14. Tom Smith says he saw a twisting black cloud sweep …
14
07, 2016
Negative Interest Rates Described as ‘Dirt Sandwich’ for Insurers, Asset Managers
Central bankers globally need to realize the risks that extreme monetary policies will backfire, according to Voya Financial Inc.’s Karyn Cavanaugh. “Negative rates are turning out to be a dirt sandwich, especially for Japan,” Cavanaugh, who works as senior market …
18
07, 2016
Randall & Quilter Buys Bermuda-Based Segregated Accounts Captive Company
Randall & Quilter Investment Holdings Ltd. has acquired Agency Program Insurance Co. (SAC) Ltd., a Bermuda-based segregated accounts captive company with 28 cells. London-based Randall & Quilter (R&Q) is paying $1.4 million in cash from existing resources to acquire APIC, …
14
07, 2016
Brentwood Services Administrators in Tennessee Promotes Roberts to Claim Representative
Brentwood Services Administrators Inc. (BSA), headquartered in Brentwood, Tenn., promoted LaTronya Roberts on its Tennessee Claims Department team to the position of claim representative, according to Jeff Pettus, president and chief executive officer of BSA. Working under Shirley Mahorney, BSA …
18
07, 2016
Neon Names Dougall as Head of Casualty in Newly Created Role
Neon, the specialist Lloyd’s insurer, has appointed Andrew Dougall to the newly created role of executive underwriter, head of Casualty. Dougall joins Neon today, reporting to chief underwriting officer, Darren Lednor. Dougall will focus on enhancing Neon’s broker distribution and …
13
07, 2016
Disney CEO Iger Joins Los Angeles Bid for 2024 Olympic Games
The chairman and CEO of The Walt Disney Co. is joining Los Angeles’ bid to land the 2024 Olympics. Bob Iger will serve as a vice chair of the bid committee’s board of directors, joining former Olympic champion swimmer Janet …
18
07, 2016
Tokio Marine Kiln Launches Online Broker Platform
Tokio Marine Kiln (TMK) has launched “One TMK,” a digital exchange for brokers to quote and bind policies on-line in real time. The web-based platform has been developed to help brokers lower their transactional costs and significantly speed up the …
13
07, 2016
Southern Colorado Wildfire Expected to Grow
Firefighters were expecting a wildfire burning near Coaldale to grow Wednesday in dry, windy weather but crews are working toward getting the blaze contained near the town between Canon City and Salida. However, the Hayden Pass Fire, which has forced …
18
07, 2016
UK Auto Insurance Policyholders Embrace Telematics to Get Lower Premiums
Demonstrating a growing intolerance of mobile phone use at the wheel, a survey of 1314* motor insurance policyholders in the UK found that consumers want to be rewarded with lower premiums for not using their smartphones while driving. The avoidance …
13
07, 2016
Oklahoma Labor Department: OSHA Penalties Rising Aug. 1
The Oklahoma Department of Labor is warning businesses in that state that civil penalty amounts assessed by federal safety regulators for workplace safety violations are going up beginning Aug. 1. The Oklahoma DOL says Occupational Health and Safety Administration penalties …