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UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations
British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit. In a win for Dublin’s campaign to attract financial services firms in …

POSTED MAY 26, 2017 2:32 PM
The Hartford Names Firstenberg P/C Insurance Chief Underwriting Officer
The Hartford has named David Firstenberg as chief underwriting officer for the company’s property/ casualty insurance businesses, replacing Mo Tooker, who was recently named head of The Hartford’s Middle Market segment. Firstenberg will oversee the common underwriting framework across The Hartford’s Small Commercial, Middle Market, Specialty Commercial and Personal Lines segments, …

POSTED MAY 26, 2017 2:27 PM
Cyber Insurance Market Growing Slower Than Expected: Allianz
The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros ($224 million), Axel Theis, Allianz …

POSTED MAY 26, 2017 2:07 PM
NOAA Updates Forecast for Atlantic Hurricane Season, Pacific’s El NIno
The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the six-month season that begins …

POSTED MAY 26, 2017 1:35 PM
Vermont Governor Vetoes Marijuana Bill, Wants Changes Made
Vermont Republican Gov. Phil Scott on Wednesday vetoed a bill that would have made Vermont the ninth state to legalize recreational marijuana but indicated that he was willing to work with the Legislature on a compromise. Scott said he was …

POSTED MAY 26, 2017 1:29 PM
Connecticut’s Smith Brothers Hires Peruccio from Cigna Healthcare
Smith Brothers, a Glastonbury, Conn.-based insurance broker, has added Chelsea Peruccio as an employee benefits advisor. Her responsibilities include new business development, account management and creating employee benefit strategies to help clients achieve positive results. She has experience working with clients in …

POSTED MAY 26, 2017 1:20 PM
Executive Changes Announced at Massachusetts’ Hospitality Insurance Group
After 32 years as a member of Hospitality Insurance Group’s Board of Directors, E. Thomas McCabe Jr. of Westborough, Mass., will be stepping down as chairman. Before joining Hospitality Insurance Group, McCabe was a past president of Massachusetts Restaurant Association …

POSTED MAY 26, 2017 1:06 PM
Hanover Insurance Names Zurich’s Salvatore as President of Specialty
The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty, effective June 12. In this role, Salvatore will lead the …

POSTED MAY 26, 2017 12:47 PM
States Move to Ban Asking Job Applicants About Past Salary
An awkward job interview question — how much did you make at your last job? — is getting banned in some parts of the country. Massachusetts, New York City and Philadelphia have passed laws that bar employers from asking applicants …

POSTED MAY 26, 2017 12:01 PM
A.M. Best Affirms Ratings of PartnerRe & Subsidiaries
A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Bermuda-based Partner Reinsurance Co. Ltd. and its affiliates (collectively referred to as PartnerRe). A.M. Best has also affirmed the …

POSTED MAY 26, 2017 11:47 AM
AGCS Promotes Hansen as Head of Aviation, Succeeding Haagen
Allianz Global Corporate & Specialty (AGCS) announced that Mike Hansen has been named global head of Aviation. He takes over this responsibility from Henning Haagen who was appointed Northeast Zone Executive for North America earlier this year and has been …

POSTED MAY 26, 2017 11:21 AM
QBE Taps Commonwealth Bank of Australia’s Ford as Group CFO
QBE Insurance Group Ltd. has appointed Michael Ford as group chief financial officer. Ford is currently the deputy CFO for the Commonwealth Bank of Australia (CBA). He joined the bank in 2005 and held a number of senior finance roles …

POSTED MAY 26, 2017 9:21 AM
AmWins and Networked Deal Plays to Each Firm’s Strengths, Execs Say
The acquisition by AmWINS Group Inc. late last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based distributor of specialty insurance products and the California-based aggregator. Namely, the deal plays to each firm’s …

POSTED MAY 26, 2017 9:00 AM
Here’s What the House Has in Mind for Revamping Flood Insurance Program
A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for five years beyond its September 30 expiration date. The proposal would introduce reforms to put the NFIP on stronger financial footing; provide aid …

POSTED MAY 26, 2017 5:00 AM
Report: Florida Resident Sparked Wildfire With Lawn Mower
A lawn mower is being blamed for sparking a wildfire that destroyed five structures in Florida. The Naples Daily News reports that the state’s Office of Agricultural Law Enforcement concluded its investigation into the fire that started April 20 in …

POSTED MAY 26, 2017 4:50 AM
Zenefits to Pay North Carolina $104K to Settle Licensing Violations
The North Carolina Department of Insurance has reached a settlement agreement with YourPeople, Inc., dba Zenefits FTW Insurance Services (Zenefits) resulting in a $104,500 penalty, according to a statement from Insurance Commissioner Mike Causey. Department of Insurance Agent Services Division …

POSTED MAY 26, 2017 4:43 AM
West Virginia Gov Orders State to Step-Up Cybersecurity Efforts
Gov. Jim Justice has directed the West Virginia Board of Risk and Insurance Management to take steps to protect personally identifiable information collected and kept by state agencies, including health information required by law to be kept private. In an …

POSTED MAY 26, 2017 4:28 AM
1 Dead After Florida Driver Crashes Into Gas Pump, Causing Fire
A fire at a gas station ignited by a car slamming into a pump has killed one person in Florida. Local news organizations report the fire erupted at a BP station in Dania Beach on Tuesday night after a driver …

POSTED MAY 26, 2017 4:00 AM
Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.
Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British Insurers, the Met Office, and Boston, Mass.-based catastrophe modeler AIR Worldwide. The report shows that temperature increases …

POSTED MAY 26, 2017 12:31 AM
Zurich North America Combines Commercial, Specialty Products; Horgan to Head New Unit
Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a continued streamlining of operations. The company said the move will provide easier access and greater consistency across North America and …

POSTED MAY 26, 2017 12:22 AM
Federal Disaster Assistance Granted for 2 Oklahoma Counties
Two Oklahoma counties may now receive disaster assistance from the U.S. Small Business Administration (SBA) as a result of the severe weather that occurred April 28 through May 2, the governor’s office reported. The designation provides SBA low-interest disaster loans …

POSTED MAY 25, 2017 4:48 PM
Texas ‘Industrial Insureds’ Surplus Lines Bill Signed into Law
On May 11, the Texas Senate passed a bill exempting certain policyholders from the requirement that agents to make a “diligent effort” to find insurance in the admitted commercial insurance market. Gov. Greg Abbott has signed the measure, which becomes effective …

POSTED MAY 25, 2017 4:30 PM
Emotional Intelligence: Do Your Leaders Walk the Talk?
There is a famous story about a visit by President Kennedy to the NASA space center. When Kennedy noticed a man carrying a broom in one of the buildings, he asked: “What’s your job here?” The janitor replied: “I’m helping …

POSTED MAY 25, 2017 4:28 PM
Collision Between School Bus, Truck Sends 3 Students to Hospital
Three students have been taken to the hospital for minor injuries after a school bus and a truck collided in eastern South Carolina. The wreck was reported around 8 a.m. Wednesday on U.S. 52 in Moncks Corner. Berkeley County school …

POSTED MAY 25, 2017 4:25 PM
Lt. Gen. Stanley E. Clarke III Named Chairman of Armed Forces Insurance
Armed Forces Insurance (AFI), based in Leavenworth, Kansas, has appointed Lt. Gen. Stanley E. “Sid” Clarke III, U.S. Air Force (Ret.), as its incoming chairman. Clarke begins his new role as Armed Forces Insurance celebrates its 130th year in service …

POSTED MAY 25, 2017 4:21 PM
Lloyd’s Insurers Launch Asia Political Risk Consortium
Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work collectively to provide large scale capacity of …

POSTED MAY 25, 2017 4:20 PM
Wildfire near Leavenworth, Washington, Forces Evacuations
Evacuation orders are still in effect in as crews battle a wildfire north of Leavenworth, Washington. Brendan Cowan, a spokesman for the Northwest Incident Management Team, says the blaze covered about 40 acres as of Wednesday morning. Cowan says there’s …

POSTED MAY 25, 2017 4:11 PM
Suspicious Fires in Arkansas Targeting Police, Firefighter Properties
Authorities in a small Arkansas town say local police and firefighters are being targeted by suspicious fires and vandalism. The Arkansas Democrat-Gazette reports the incidents in Cotton Plant began in February, when a fire destroyed a firefighter’s rental home. The …

POSTED MAY 25, 2017 4:08 PM
Wisconsin County’s Initial Tornado Damage Estimate: $10M
The Barron County Sheriff’s Department has released initial damage estimates from a tornado that tore through the Chetek area of northwestern Wisconsin last week. The department said Sunday that the storm damaged 231 homes and four commercial properties across the …

POSTED MAY 25, 2017 4:06 PM
New Flood Plain Maps Bring Good, Bad News for South Dakota Towns
The Federal Emergency Management Agency’s proposed revisions to Yankton’s flood plain map could encompass nearly 200 additional properties. On the flip side, a revision in Rapid City means 224 properties have been removed from that city’s flood hazard area. Properties …

POSTED MAY 25, 2017 4:03 PM

Property Casualty 360

P&C Industry logs first Q1 underwriting loss in last 5 years
Increasing incurred losses continue to hinder underwriting results, according to A.M. Best research.

POSTED MAY 26, 2017 9:28 AM
3 ways to turbocharge the sale of your insurance business
The market for independent agencies is hot, and buyers will continue to seek profitable insurance agencies as we move through 2017.

POSTED MAY 26, 2017 7:30 AM
No two insurance claims are alike
Is it possible to standardize claim adjustment procedures?

POSTED MAY 26, 2017 7:00 AM
No insurance coverage for largest credit union failure in U.S. history
In a recent case, insurance coverage for employee fraud depended on what the board of directors knew and when. Read what the court ruled and why.

POSTED MAY 26, 2017 6:15 AM
WannaCry and the dawn of large-scale business interruption
The WannaCry attack is evidence of a meaningful evolution in ransomware, which has strategic implications on cyber attack patterns, insurance coverages and aggregation risk.

POSTED MAY 26, 2017 6:00 AM
5 strategies to reduce property vandalism
Simple steps can make a property less enticing to vandals.

POSTED MAY 26, 2017 12:01 AM
Atlantic hurricane season may bring more storms than normal, according to NOAA
There's a potential for a lot of Atlantic storm activity this year. We can't stop hurricanes but we can prepare for them.

POSTED MAY 25, 2017 1:36 PM
Rising seas may wipe out Jersey towns
Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey.

POSTED MAY 25, 2017 12:50 PM
Homeowners' insurance, liability issues and 'dangerous' dogs
The larger the dog, the more damage it can inflict. But are certain breeds inherently more dangerous than others?

POSTED MAY 25, 2017 12:45 PM
The Hartford names Firstenberg chief underwriting officer
Firstenberg will oversee underwriting across The Hartford's P&C segments.

POSTED MAY 25, 2017 12:03 PM
Insuring autonomous vehicles
Insurers are grappling with what kind of insurance will be required for self-driving cars.

POSTED MAY 25, 2017 7:00 AM
Ransomware’s good, bad and ugly impact on insurers
The recent rise in ransomware attacks appears to be a mixed blessing for the insurance industry, according to Aon Benfield's recent 'Cyber Update.'

POSTED MAY 25, 2017 7:00 AM
'Risk management director' named as one of the best jobs in America
When you consider if you have a 'good job,' what comes to mind?

POSTED MAY 25, 2017 6:00 AM
W.R. Berkley reaches $12M settlement with California Department of Insurance
Allegations of unlawfully transacting surplus line insurance result in one of the largest penalties for licensing violations ever assessed in CDI’s history.

POSTED MAY 25, 2017 5:30 AM
10 things your clients need to know about dust storms and ‘haboobs’
Sand storms don't just happen in the Sahara Desert. They can be a byproduct of severe thunderstorms anywhere. Here's what you and your clients need to know.

POSTED MAY 25, 2017 12:01 AM
Millennials: The riskiest generation of drivers? [infographic]
TransUnion’s study finds millennials pose greater insurance risk than previous generations at the same age, but they may be worth it as customers in the long run.

POSTED MAY 24, 2017 12:40 PM
Swiss Re issues $925M earthquake catastrophe bond for California
The transaction is one of the largest annual catastrophe bonds.

POSTED MAY 24, 2017 11:00 AM
Enterprise software development costs are too high
Some insurance companies are using software that’s not fit for purpose because it’s too expensive to replace.

POSTED MAY 24, 2017 7:30 AM
How to handle property sale, transfer claim disputes
Determining liability to damaged property during or immediately after its sale can be complicated.

POSTED MAY 24, 2017 6:45 AM

Business and financial news - CNNMoney.com

OPEC & Russia have failed to fix epic oil glut
OPEC and Russia want to mop up the massive oil glut keeping a lid on prices. So far, their strategy isn't working.

POSTED MAY 26, 2017 10:43 AM
GOP health bill: Many will pay more for care
The GOP Obamacare repeal bill may lower average premiums, but many Americans will pay more to see the doctor and get health care treatment.

POSTED MAY 26, 2017 6:03 AM
Trump says Germany is 'very bad' on trade
President Trump criticized Germany for running a big trade surplus at a meeting with EU officials.

POSTED MAY 26, 2017 10:12 AM
Still sluggish: US only grew 1.2% to start 2017
Read full story for latest details.

POSTED MAY 26, 2017 9:00 AM
Why you'll have to work past 70
The world's richest countries need to drastically hike their retirement ages in order to prevent pension systems from collapsing, according to WEF.

POSTED MAY 26, 2017 9:14 AM
Pound hit by election jitters and weak growth
Read full story for latest details.

POSTED MAY 26, 2017 9:13 AM
How America's immigrant workforce is changing
Read full story for latest details.

POSTED MAY 26, 2017 7:46 AM
Why do hackers always wear hoodies?
Where the hacker hoodie stereotype came from.

POSTED MAY 26, 2017 10:43 AM
2017 grads: Here's one mistake you can't afford to make
Read full story for latest details.

POSTED MAY 26, 2017 10:43 AM
How NATO is funded and who pays what
Read full story for latest details.

POSTED MAY 25, 2017 12:59 PM
Trump-fueled uncertainty could hike premiums
Blue Cross and Blue Shield of North Carolina is asking for a nearly 23% increase, but it would be less than 9% if President Trump and House Republicans agreed to fund the cost-sharing subsidies

POSTED MAY 26, 2017 8:38 AM
5 steps to perfect financial health
Read full story for latest details.

POSTED MAY 25, 2017 12:12 PM
GM accused of diesel emissions cheating
General Motors is the latest automaker to be accused of designing a diesel engine that can cheat on emissions testing.

POSTED MAY 25, 2017 2:49 PM
Making a killing from India's solar boom
Ketan Mehta co-founded Rays Power Infra six years ago. Now he's perfectly placed for India's solar boom

POSTED MAY 26, 2017 6:26 AM
These are the safest cars on the road
Crash data reveals that some vehicles have had zero deaths over four years but others, especially small cars, have many.

POSTED MAY 25, 2017 12:37 PM
Lawmakers want to ban U.S. tourists from North Korea
American lawmakers hope to limit further supply of funds to Pyongyang, but tour groups claim impact on travel industry will be minimal

POSTED MAY 26, 2017 5:39 AM
Trump wants at least 6 million people off welfare
Read full story for latest details.

POSTED MAY 25, 2017 11:31 AM
Trump budget
Read full story for latest details.

POSTED MAY 25, 2017 4:53 PM
Expensive hotels


POSTED MAY 25, 2017 3:32 PM
Phoenix


POSTED MAY 25, 2017 3:32 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does JSM Brokerage Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.





 
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