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Cyber insurance market is divided: Best report
The cyber insurance market is bifurcated, A.M. Best Co. said in a report issued Friday.

POSTED MAY 18, 2018 5:13 PM
Ginger ale maker sued over allegedly missing crucial ingredient

POSTED MAY 18, 2018 2:09 PM
Supplement maker must face suit over vitamin E health claims

POSTED MAY 18, 2018 1:54 PM
Germany calls on chip and hardware makers to tackle processor flaws

POSTED MAY 18, 2018 1:48 PM
Fiat Chrysler shares fall on latest diesel emissions allegations
(Reuters) — Fiat Chrysler Automobiles N.V. shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions.

POSTED MAY 18, 2018 1:46 PM
University of Denver settles law school pay discrimination suit
The University of Denver will pay $2.66 million to settle a pay discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission in which it was charged with paying female law professors less than their male counterparts, the agency said Thursday.

POSTED MAY 18, 2018 12:31 PM
Blockchain will have major role in aiding comp transactions, expert says
ORLANDO, Florida — Blockchain technology has a future in workers compensation transactions as the technology has the potential to improve communication and efficiency industrywide, a presenter told attendees of the National Council for Compensation Insurance Inc.’s Annual Issues Symposium on Friday.

POSTED MAY 18, 2018 11:33 AM
Icahn takes stake in AmTrust, fights privatization
Investor Carl Icahn has taken a nearly 10% stake in AmTrust Financial Services Inc. and announced he would oppose plans by the New York insurer’s owners to take the company private.

POSTED MAY 18, 2018 11:25 AM
EPA issues proposed rule rescinding changes to Risk Management Program
The U.S. Environmental Protection Agency has issued a proposed rule that would rescind planned changes to its Risk Management Program adopted in the wake of the West, Texas, fertilizer disaster that killed 15 people.

POSTED MAY 18, 2018 10:29 AM

News – Insurance Journal

House Rejects Farm Bill
The U.S. House of Representatives rejected a sweeping $867 billion farm bill on Friday after Republican leaders failed to appease conservative lawmakers who had asked them not to hold the vote until they were given the chance to consider a …

POSTED MAY 18, 2018 6:37 PM
Millstream Creates Caritas Insurance Package for International Charities
Millstream Underwriting, part of independent specialty managing general agent Nexus Group, has launched Caritas, a new product that combines several lines of business the company underwrites into a specifically designed insurance package to address the needs of international charities and …

POSTED MAY 18, 2018 4:59 PM
Head-On Collision Between Atlanta School Bus, Car Kills 13-Year-Old Girl
Authorities say a 13-year-old girl has died after her car and a school bus collided in a head-on crash northeast of Atlanta. Dawson County Schools Superintendent Damon Gibbs says that Summer Faith Anderson died after the Wednesday morning wreck. She …

POSTED MAY 18, 2018 4:38 PM
New Hampshire Approves Elias as Insurance Commissioner to Succeed Sevigny
The New Hampshire Executive Council has unanimously approved John Elias as New Hampshire’s new commissioner for the Department of Insurance, succeeding Roger Sevigny who is set to retire June 11 after 16 years in the role. “John is a good …

POSTED MAY 18, 2018 4:38 PM
XL Catlin Adds Gardenhire as Underwriter in Dallas
XL Catlin has added Jason Gardenhire as underwriter to its regional US War, Terrorism & Political Violence insurance team. He is based in Dallas. Gardenhire will lead XL Catlin’s Terrorism and Political Violence underwriting activities and manage broker relationships in …

POSTED MAY 18, 2018 4:06 PM
More Texans Exposed to Tornadoes Amid Urban Sprawl
Mark Fox cringes every time he relives the day his worst weather nightmare came true. April 3, 2012, was a hot and humid day in North Texas, and the unstable atmosphere spawned 17 tornadoes in five hours in the Dallas-Fort …

POSTED MAY 18, 2018 4:02 PM
J.C. Flowers Buys Lloyd’s Brokers SSL and Endeavour; Two Agree to Merge
Lloyd’s and independent specialist marine broker SSL Insurance Group has agreed to merge with fellow Lloyd’s broker and delegated authority specialist Endeavour Insurance Services. The deal will conclude with both companies being acquired by a fund advised by private investment …

POSTED MAY 18, 2018 3:42 PM
Arizona Governor Vetoes Auto Insurance Bill, Signs Others
Arizona Gov. Doug Ducey has vetoed a bill requiring drivers to carry higher limits on their car insurance. Ducey closed out the state’s legislative session by signing 55 new laws and vetoing seven others. Wednesday was the final day that …

POSTED MAY 18, 2018 3:02 PM
Alaska Marijuana Business License Applications Outpacing System
The number of applications for marijuana business licenses is outgrowing the Alcohol and Marijuana Control Office’s approval system. The Fairbanks Daily News-Miner reports a May 8 Marijuana Control Office spreadsheet says there are 467 applications being processed with another 46 …

POSTED MAY 18, 2018 2:32 PM
Utah Tesla Driver Had Hands off Wheel Before Crash, Data Shows
A Utah driver turned on the semi-autonomous functions of her Tesla vehicle and then didn’t touch the steering wheel again for 80 seconds before slamming into a firetruck stopped at a red light last week, a summary of data from …

POSTED MAY 18, 2018 2:25 PM

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