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

Summerville to Head Swiss Re Casualty, Financial and Professional Services for North America

Swiss Re Corporate Solutions has appointed Jeff Summerville as head of Casualty, Financial & Professional Services North America, effective immediately. Summerville will oversee the North American Casualty business in addition to his current responsibilities as the leader of Financial and …

AssuredPartners Acquires New Jersey’s Synergy Professional Associates

AssuredPartners Inc. has acquired Synergy Professional Associates of Fairfield, N.J. Synergy is a managing general agent and wholesale insurance intermediary devoted to professional liability and program development. It was founded as a boutique gateway for specialized professional liability programs, and …

Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis

U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the sector. Leaders of a 30-fund group …

Cost-Cutting Japanese Factories Struggle to Maintain Safety

A series of safety scandals at Japanese companies have put the country’s lionized factory floor under scrutiny as manufacturers struggle with increased pressure on costs, stricter enforcement of standards and growing competition. With margins squeezed by a stagnant domestic market …

Test Program Will Alert Owners of Unrepaired Vehicle Recalls

The U.S. National Highway Traffic Safety Administration said Friday it is funding a pilot program that will notify drivers in the state of Maryland if there are open, uncompleted recalls at the time that they register their vehicles. The government …

Investors in Litigation Financing Target Commercial Auto

Investor-funded litigation is not new but it is expanding its reach in commercial auto cases, according to experts in the field. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., addressed the growing trend of investor funded litigation …

QBE Invests in, Links With, Machine Learning InsurTech Startup RiskGenius

QBE has signed a multi-year commercial use agreement with RiskGenius, a machine learning company that helps carriers, brokers and regulators analyze policy and endorsement language and aid in product development. The deal comes as the Australian insurer’s venture arm closed …

Large Warehouse Fire in West Virginia Finally Extinguished After 8 Days

West Virginia emergency officials say a large warehouse fire is fully extinguished more than a week after it broke out. The state Department of Military Affairs and Public Safety says it was informed by Lubeck Fire Chief Mark Stewart that …

Hay Wagon, Pickup Crash in South Carolina Injures 6

Six people are recovering from injuries treated at hospitals and more needed first aid after a pickup truck hit a vehicle carrying people on a nighttime hay ride in South Carolina. The Island Packet of Hilton Head reported the crash …

Tennessee Fire Captain Arrested for Setting Own Home on Fire

Tennessee investigators say a captain with Nashville’s fire department was arrested on arson and insurance fraud charges for setting his home on fire on purpose. According to a Tennessee Bureau of Investigation news release, Jeffrey Neely of the Metro-Nashville Fire …