Monthly Archives: <span>January 2018</span>

Women More Likely Than Men to Lose U.S. Jobs by Automation: WEF Report

Women are more likely than men to be knocked out of their U.S. jobs by automation in the next eight years, and they’ll find half as many opportunities to land new positions unless there’s a new effort to retrain them. …

SoftBank Plans $400M Investment in Ping An’s Health-Care Portal: Sources

SoftBank Group Corp. is nearing a deal to invest about $400 million in Ping An Insurance (Group) Co.’s health-care portal ahead of the Chinese company’s initial public offering, people with knowledge of the matter said. The Ping An unit, known …

Louisiana Citizens Opens Search for Catastrophe Service Vendors

New Catastrophe Services contracts are expected to secure over 600 Adjusters as part of the company’s ongoing Catastrophe preparedness and response to large claim volume events. Baton Rouge, LA, January 22, 2018– Louisiana Citizens Property Insurance Corp. (‘LCPIC’), today announced …

Louisiana Man Pleads Guilty in Deepwater Horizon Compensation Fund Fraud

An Empire, Louisiana, man has pleaded guilty to defrauding the BP Deepwater Horizon oil rig explosion settlement compensation fund, the U.S. Attorney’s Office for the Eastern District of Louisiana announced. U.S. Attorney Duane A. Evans said Tony Riley, age 49, …

Ratings Outlooks Revised to Positive for South Dakota Insurer

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Northwest G.F. Mutual Insurance Co. (NWGF) in Eureka, South Dakota. The ratings …

More than 3K Broken Pipe Insurance Claims Expected in Texas After Deep Freeze

Several days of subfreezing temperatures resulted in frozen water pipes which are now leaking in homes across Texas. The Insurance Council of Texas says that more than 3,000 insurance claims are expected from policyholders with broken water pipes. The majority …

Banker Survey Suggests Midwest, Plains Economy Still Lags in Rural Areas

Declining numbers in a new monthly survey of bankers suggests the economy remains weak in rural parts of 10 Plains and Western states. The overall economic index for the region dropped to 46.8 this month, compared with the December reading …

$2M in Liability Insurance Required for White Nationalist Speech at Michigan State

Michigan State University has agreed to allow white nationalist Richard Spencer to speak on campus during spring break. The deal says Spencer can appear on March 5, but he’ll be at the livestock pavilion auditorium, away from the heart of …

Tennessee Lawmakers Introduce Medical Marijuana Bill

Two Republican lawmakers have introduced legislation to make medical marijuana legal in Tennessee, but only in oil-based products. Sen. Steve Dickerson of Nashville and Rep. Jeremy Faison of Cosby announced the bill’s filing Thursday amid wide support for medical marijuana …

Hub International Caught Up in $42M Lawsuit by South Carolina School District

A South Carolina school district has sued an insurance brokerage and several insurance companies, saying the district was sold excessive policies and charged too much. The Berkeley County School District filed suit in U.S. District Court, seeking more than $42 …