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

SIAA Hires Klemm as a Contracts Compliance Manager in New Hampshire

SIAA (Strategic Insurance Agency Alliance) has hired Gretchen Klemm as a contracts compliance manager at its Hampton, N.H., location. In this role, Klemm will manage the day-to-day interactions with independent agency members relative to their ongoing commitments. Prior to joining …

Keating Adds Workers’ Comp Team in Pennsylvania and Massaschusetts

Keating Inc., a specialty property and casualty insurance distribution company in the U.S., has hired Tim Palmer as a national managing partner within its workers’ compensation practice. Palmer brings with him a team of brokers to manage and expand business …

Big Oil to Face Questions on Climate Change as Cities’ Abatement Lawsuit Proceeds

Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about their role in global warming. …

Anbang’s Plans for Waldorf Astoria Call for Fewer Luxury Condos

It’s official: Anbang Insurance Group Co. has filed a plan for the luxury condos it’s developing at Manhattan’s Waldorf Astoria, and it calls for fewer apartments than the company initially aimed for. The Chinese insurer’s project to convert many of …

Foreign Insurers Benefit as China Tightens Rules on Local Firms

When Zhang Xixi, a 25-year-old staffer at an online financial company in China’s southern province of Guangdong, decided last year to buy personal insurance for the first time, he was swamped with options. Local insurers rushed to offer him products …

NuTonomy Temporarily Halts Self-Driving Tests After Boston Asks

Self-driving startup NuTonomy halted its pilot tests on Boston’s public roads after city officials requested a pause following the death of a pedestrian struck by a self-driving Uber Technologies Inc. vehicle in Tempe, Arizona. “We are working with City of …

China Names Guo to Head New Insurance, Banking Regulatory Commission

China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported on Wednesday without citing a direct source. Guo had been the head of the China Banking Regulatory …

Firearms: What is Our Responsibility?

Last week, we spent a little time answering the questions about how our homeowners’ policies cover firearms. Now let’s handle a question that’s a little more touchy. What do we do about it as insurance professionals? Question #3: What is …

More School Districts Buying Active Shooter Insurance

Insurance broker Paul Marshall can count on his phone ringing in the aftermath of a school shooting. Since the Feb. 14 shooting at a Florida high school, where 17 people were killed and more than a dozen injured, seven South …

Judge Says President Trump Not Immune to Defamation Suit Over ‘Unofficial Conduct’

A New York state judge on Tuesday said U.S. President Donald Trump must face a defamation lawsuit by a woman who accused him of sexually harassing her after she appeared on his former reality TV show. The decision by Justice …