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Florence Impact on Insurers Tempered by Mostly Uninsured Flood Losses
Insurance industry losses from Hurricane Florence, which hit the Carolinas mid-September as a Category 1 storm, will be manageable and not have a severe impact on insurers, according to experts. As the storm turned out to be less of a …

POSTED SEPTEMBER 25, 2018 5:00 AM
Chubb Appoints Barziza to Lead North American Property Claims
Chubb has appointed Tim Barziza as head of its North American Property Claims. In this role, Barziza will be responsible for leading the technical and administrative operations of the Property Claim Service, including the recovery and the special investigations units …

POSTED SEPTEMBER 25, 2018 5:00 AM
Employers Providing Paid Family Leave Qualify for Tax Credit
The Treasury Department announced that as part of the 2017 Tax Cuts and Jobs Act, eligible employers who provide paid family and medical leave to their employees during tax years 2018 and 2019 may qualify for a new business credit. …

POSTED SEPTEMBER 25, 2018 5:00 AM
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as it reached out to the …

POSTED SEPTEMBER 25, 2018 5:00 AM
Judge Signals Trump’s Tweet Over Stormy Daniels Is Free Speech, Not Libel
Stormy Daniels’s libel lawsuit over a tweet by Donald Trump looks to be doomed after a judge said the president was engaging in free speech. The adult film star, whose real name is Stephanie Clifford, claims she was threatened by …

POSTED SEPTEMBER 25, 2018 5:00 AM
NBA Chief Urges Teams to Adopt New Workplace Policies for Women
National Basketball Association (NBA) Commissioner Adam Silver wants all teams to hire more women, especially in leadership and supervisory positions, and is urging them to take some of the mandates that the Dallas Mavericks must now adhere to as an …

POSTED SEPTEMBER 25, 2018 5:00 AM
HIIG Acquires Creative Risk Underwriters of Georgia
Houston International Insurance Group (HIIG) has agreed to purchase the remaining shares it did not own of Creative Risk Underwriters (CRU), a managing general underwriting agency (MGU) based in Marietta, Ga., specializing in Medical Stop Loss (MSL). Following completion of …

POSTED SEPTEMBER 25, 2018 4:23 AM
Thousands in South Carolina Brace for Post-Florence Flooding
Thousands of people in and around the city of Georgetown, South Carolina, were urged to evacuate on Monday as two rivers gorged with rain from long-departed Hurricane Florence will flood the area this week. More than 10 days after the …

POSTED SEPTEMBER 25, 2018 4:03 AM
Pacific Health Care in California Begins Strategic Acquisition Search
Newport Beach, Calif.-based Pacific Health Care Organization Inc. today announced the launch of a strategic acquisition search for an insurance company to add to its suite of comprehensive workers’ comp solutions. The acquisition strategy in the state of California for …

POSTED SEPTEMBER 24, 2018 6:31 PM
AXIS Insurance, DUAL North America Partner on Environmental Risk Program
AXIS Insurance, the insurance business segment of AXIS Capital Holdings Limited, has partnered with DUAL North America, the underwriting arm of the Hyperion Insurance Group, to provide environmental risk product offerings for contractors, consultants and engineers in the United States. …

POSTED SEPTEMBER 24, 2018 4:59 PM

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