17 12, 2018

Florida Construction Worker Killed After Being Trapped Under Crane at Marina

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Authorities say a construction worker was killed and another worker injured when a crane toppled at a marina on Florida’s Gulf Coast. Other construction workers attempted to free the trapped employee Thursday when he became caught under the construction crane …

17 12, 2018

U.S. Drivers Sue Hyundai, Kia Over Car Engine Fires

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Hyundai Motor Co. and Kia Motors Corp. were sued by U.S. drivers over an alleged defect that could cause certain engines to catch fire, adding pressure on the South Korean automakers being probed by U.S. authorities. More than 350 consumer …

17 12, 2018

Pennsylvania Insurance Department Approves Mid-Year Workers’ Comp Filings

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The Pennsylvania Insurance Department has approved two mid-year workers’ compensation loss cost filings, effective January 1, 2019. The fillings are from the Pennsylvania Compensation Rating Bureau (PCRB), an independent bureau, which makes filings to the Insurance Department on behalf of …

17 12, 2018

IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited

By | December 17th, 2018|Uncategorized|Comments Off on IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited

The Insurance Industry Charitable Foundation (IICF) has announced that nearly $1.3 million was raised on Wednesday, December 12, at its 12th annual Northeast Benefit Dinner to fund the IICF Northeast Division’s Community Grants Program. This includes nearly $65,000 raised through …

17 12, 2018

California Regulators Say Utility Falsified Pipeline Safety Records

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Regulators have accused one of California’s largest utilities of falsifying safety documents for natural gas pipelines for years following its criminal conviction and multimillion-dollar fine for a pipeline explosion that killed eight people near San Francisco. The California Public Utilities …

17 12, 2018

Zurich to Shift $2B of UK Legacy Employers’ Liability Policies to Catalina

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Zurich Insurance plc has entered into an agreement with Catalina, a specialist acquirer of legacy insurance portfolios, to transfer its pre-2007 UK legacy employers’ liability policies to Catalina. As of December 31, 2017, the portfolio comprised gross liabilities of USD …

17 12, 2018

Allianz: Fires, Explosions Cause Largest Losses for Business

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Globally, the largest financial losses stem from fires/explosions, aviation incidents, faulty workmanship/maintenance incidents, and storms, which collectively account for more than 50 percent of all claims by total value, according to Allianz Global Corporate & Specialty’s (AGCS) latest Global Claims …

17 12, 2018

Swiss Re Appoints Hodges as CEO at ReAssure to Lead on Expected IPO

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As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announced it has appointed Mark Hodges, currently chief executive officer of Centrica Consumer division, as new CEO of ReAssure beginning in March 2019. The …

17 12, 2018

Specialist Encouraging Radon Tests for Homeowners After Alaska Quake

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A state energy specialist is encouraging those affected by last month’s earthquake in south-central Alaska to retest their homes for radon. Radon is an odorless gas that has been linked to cancer. It is formed when uranium underground decays. Art …

17 12, 2018

Swiss Re Appoints Hodges as CEO at ReAssure to Lead on Expected IPO

By | December 17th, 2018|Uncategorized|Comments Off on Swiss Re Appoints Hodges as CEO at ReAssure to Lead on Expected IPO

As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announced it has appointed Mark Hodges, currently chief executive officer of Centrica Consumer division, as new CEO of ReAssure beginning in March 2019. The …