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

Rodeo Promoter Resolves Lawsuits Against 2 Texas Cowboys Over $1M Prize

Lawsuits alleging two calf ropers rigged a 2015 Texas rodeo to share a possible $1 million bonus prize have been dismissed following undisclosed settlements. The Fort Worth Star-Telegram reports settlement details weren’t released in a rodeo promoter’s lawsuits against Tuf …

University of Iowa Cites Copyright Law to Block Flood Video Use

University of Iowa is citing a copyright law to block the use of the university’s footage of a 2008 flood for an upcoming documentary. Doug Krejci, who is trying to gather materials for a documentary about eastern Iowa during the …

California Company’s Workers’ Comp Program Declared Illegal

California Insurance Commissioner Dave Jones moved to stop a central valley company from selling workers’ compensation and liability policies because they are not properly registered with the Department of Insurance. In a cease and desist order served on Monday the …

Could More State Commissioners Require Climate Disclosure?

Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership advocate Ceres, is one of the …

Asta Gets Initial Lloyd’s Approval to Launch & Manage Verto Syndicate 2689

Asta, the third party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate 2689. Initially, Verto Syndicate 2689 plans to underwrite proportional reinsurance of Lloyd’s …

What to Expect for This Winter’s Weather Across U.S.

Forecasters at the U.S. Climate Prediction Center issued their U.S. winter outlook today, saying that La Nina is expected to influence winter conditions this year. La Nina favors drier, warmer winters in the southern U.S and wetter, cooler conditions in …

Snoopy to Retire from MetLife After 30 Years of Service

MetLife Inc., the largest U.S. life insurer, will phase out the use of Snoopy and Peanuts characters in its marketing. The insurer announced a new tagline, “MetLife. Navigating life together,” in what the New York-based company called the most significant …

Travelers’ Q3 Results Hurt by Auto, Flood Claims

Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. The stock had the biggest intraday fall since June. Third-quarter net income dropped 23 percent …

XL Catlin Names Zimmerman Client Distribution Leader in California

Steven Zimmerman has joined XL Catlin’s broker and client management team as client distribution leader in Los Angeles, Calif. He reports to Mike Soper, XL Catlin’s U.S. West regional broker and client management leader. Zimmerman has more than 20 years …

University and San Diego PD Join Forces to Boost Teen DUI Prevention

Researchers at University of California San Diego School of Medicine will join forces with the San Diego Police Department to reduce alcohol-impaired driving among San Diego youth between the ages of 15 to 20. Helped by funding from the California …