Monthly Archives: <span>September 2017</span>

Japan Court Rules Tepco, not Government, Must Pay $3.4M to Ex-Fukushima Residents

A Japanese court ruled Friday [Sept. 22] that a utility, not the government, should pay compensation to dozens of former residents of Fukushima for losses to their livelihood caused by reactor meltdowns at a nuclear plant after a massive earthquake …

China’s Former Insurance Regulator Faces Criminal Charges

China’s top anti-corruption agency says the country’s former insurance regulator has been expelled from the ruling Communist Party and turned over to prosecutors to face criminal charges. A weekend statement by the Central Commission for Discipline Inspection says Xiang Junbo …

Mexico Calculates Economic Cost of Quake; Insurance Covers Small Part of Losses

Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too clear. Sitting in the entrance …

Mounting Catastrophe Claims Could Weaken Re/Insurers’ Capital Reserves: Fitch

Ratings downgrades for global insurers and reinsurers are becoming more probable as they face more than $100 billion in 2017 catastrophe losses, a figure that threatens to weaken their capital reserves, Fitch Ratings Inc. said in a report on Tuesday. …

Dubai Stages First Public Test of Drone Taxi Service with Electric Volocopter

Talk about rising above the masses. Dubai staged the first public test of its drone taxi service on Monday, offering a peek at what it might—or will—be like to commute by flying car. The self-piloting, electric Volocopter is less noisy …

Missouri’s Route 66 Insurance Adds Mitchell as Producer

Route 66 Insurance in Cuba, Mo., has hired Abigail Mitchell as an insurance producer. In this position, Mitchell will work with existing accounts, generate leads, and develop new business. She will be responsible for maintaining customer satisfaction, as well as …

Brady, Chapman, Holland & Associates Adds Kimmel in Houston

Houston-based independent insurance agency Brady, Chapman, Holland & Associates Inc. has added Kevin Kimmel as commercial lines account executive. Kimmel has more than 12 years of experience working in commercial insurance including account management, marketing, and sales roles. Source: Brady, …

Trump Administration Argues U.S. Civil Rights Law Does Not Protect Gay Employees

The U.S. law that has protected workers from gender and racial bias for more than half a century should not be extended to cover gay and lesbian employees because that isn’t what Congress envisioned when it passed the bill, Trump …

Case of Hot Coals at Century-Old Inn Going to Michigan Supreme Court

The Michigan Supreme Court is looking at the case of the hot coals. A 10-year-old girl burned her foot on hot coals that couldn’t be seen under sand, a day after a Lake Michigan bonfire. The state appeals court said …

Robo Adviser Helps Drive Record Boost in AIG Investment Business

American International Group Inc., the 98-year-old insurer and retirement planner, is finding being tech-savvy pays off. Consumers are pumping cash into a unit that oversees $244 billion in client assets after it invested in digital platforms to make the process …