Monthly Archives: <span>May 2016</span>

Family of MLB Star Gwynn Sues Tobacco Companies in California

The family of the late baseball star Tony Gwynn, a Hall of Famer who played with the San Diego Padres, has filed a lawsuit in California accusing makers of dipping tobacco of causing his death from cancer by getting him …

New York AG Claims Domino’s Pizza Liable for Wage Theft by Franchisees

The New York attorney general’s office on Tuesday sued Domino’s Pizza Inc, claiming it is liable for wage theft by franchisees because the company used a computer system that it knew under-calculated workers’ pay. The lawsuit is the first by …

Chubb Names Polyblank to Head UK, Ireland Small-Medium Business Unit

Chubb has appointed Ruth Polyblank, currently head of Marketing and Customer Strategy for the UK and Ireland, to the new role of head of SME (small and medium sized enterprises) for the UK and Ireland. Polyblank will have overall management …

London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC

There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC’s London re/insurance market review of reserve adequacy. PwC pointed to the fact that the strength …

Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow

All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno. Alberta lifted mandatory evacuation orders for the last of …

Flood Damage from UK’s Winter Storms to Cost Insurers $2 Billion: ABI

Flood damage in Britain from winter storms has resulted in claims for more than 15,000 homes and businesses and is likely to lead to pay-outs of 1.3 billion pounds ($1.9 billion), the Association of British Insurers estimates. Three winter storms …

Citizens Board Approves $2.46B Risk Transfer Program for 2016 Hurricane Season

Florida’s Citizens Property Insurance Corporation’s Board of Governors has approved a $2.46 billion risk transfer program as the state heads into the 2016 hurricane season, the insurer said in a statement. By unanimous vote, Citizens Board approved a package that …

Encompass Insurance Exits North Carolina Personal Lines Market

Encompass Indemnity Insurance, an Allstate Insurance company that sells business through independent agents, has exited the North Carolina personal lines market. As of this month, Encompass is no longer renewing business in the state. However, the departure of the company, …

Report Calls Out Insurers for Half-a-Trillion Dollars in ‘Dirty Energy’ Investments

Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of these companies to help move them …

Vanbridge Holdings Appoints 4 New Board Members in New York

Vanbridge Holdings LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York City, has appointed four new members to its Board of Directors. Joining the board are Craig Farr, David P. Delaney, Jr., Jose …