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UK SMEs Fail to Outsource Non-Core Business Activities: Broker Survey
A significant number of leaders of small and medium-sized enterprises (SMEs) in the United Kingdom perform a lot of tasks outside their job descriptions, instead of outsourcing these to insurance brokers, recruiters or IT specialists, according to research carried out …
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North Carolina Appeals Court Rules UNC Violated Tenure Rules in Professor Firing
A state appeals court has ruled that the University of North Carolina didn’t follow proper procedures when it suspended and ultimately fired a tenured physics professor convicted of smuggling drugs in Argentina. The Court of Appeals ruled this week that …
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Allianz to Boost Clean-Energy Investments; Eyes U.S. Wind Market
Allianz SE is boosting its investments in clean-energy in the coming years and is looking to enter the U.S. wind market. The insurer’s Allianz Deutschland unit will raise its annual investment into renewables, mainly wind, about 75 percent to 350 …
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Farmers Introduces Rideshare Insurance Coverage in Arkansas
Los Angeles-based Farmers Insurance has launched Rideshare Insurance Coverage for ride-hailing drivers in Arkansas. Farmers worked with representatives of the Arkansas Insurance Department, legislators and leaders of Transportation Network Companies (TNCs) to develop a product specifically designed to provide ride-hailing …
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ACE Creates Asia-Pacific Unit to Service Captives, Complex Multinationals
ACE Group has created a dedicated and centralized unit in Asia Pacific in response to increasing demand from corporate customers to deliver tailor-made risk transfer and risk managed solutions. Based in Singapore, this unit will provide customized products and services …
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Missouri Manufacturer Cited for Worker’s Death, Fined $71K
The federal government has cited a Springfield, Mo.-based manufacturer after a worker at the company plant died in January. The Occupational Safety and Health Administration cited Ridewell Corp. with a willful violation after the employee died after he was hit …
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U.S. Vows Commercial Drone Rules Within a Year
U.S. commercial drone operations could take flight on a large scale by this time next year, as federal regulators finalize rules allowing widespread unmanned aerial system use by companies, according to congressional testimony on Wednesday. A senior Federal Aviation Administration …
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Farmers Introduces Rideshare Coverage in Utah
Farmers Insurance on Monday launched what is believed to be the state’s first rideshare insurance coverage designed to provide seamless coverage for ridesharing drivers in Utah. The coverage comes less than two months after Utah Gov. Gary Herbert signed a …
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NSM Insurance Group Names Millard Western Region Director
NSM Insurance Group has named Victoria Millard director of the Western region. Millard began her programs career 25 years ago in the MGA space, later migrating to the carrier side and managing programs nationally. Millard has worked for Lexington Insurance …
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New Insurance Fraud Fighting Laws in Effect in Minnesota
Minnesota now has two new laws that allow civil actions against those who commit insurance fraud, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus bill containing the provisions …
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