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

California Workers’ Compensation Institute Elects 2018 Board

Rose Barrett of the Berkshire Hathaway Group was elected chair of the California Workers’ Compensation Institute board of directors for 2018. Barrett was first elected to the CWCI board as a representative of AIG in 2014 and has been a …

California Says Insurers Must Pass Tax Savings on to Policyholders

Insurance companies writing in California were sent a notice by the California Department of Insurance reminding them that under Proposition 103 their rates must not be excessive, inadequate, or unfairly discriminatory. The recent revision to the Federal Tax Schedule for …

UK, EU Agree to 21-Month Brexit Transition Period; Clock Starts Ticking in March 2019

The U.K. clinched a deal that will buy it time in Brexit talks in a move the European Union’s chief negotiator hailed as a decisive step. But it’s all still contingent on finding a solution to the most intractable issue …

Wildfires in Southeast Australia Destroy More Than 70 Homes, Kill Livestock

More than 70 homes were destroyed as bushfires swept through the seaside town of Tathra in southeastern Australia at the weekend. Soaring temperatures and wind gusts fanned the fires about 500 kilometers (310 miles) south of Sydney, causing the blaze …

Title Insurer Fidelity National to Buy Competitor Stewart for $1.2 Billion

Title insurer Fidelity National Financial Inc. has agreed to acquire Stewart Information Services Corp. for approximately $1.2 billion. The consideration will be $50 per share of common stick, paid 50 percent in cash and 50 percent in FNF common stock. …

Helicopter Trade Group Had Fought Open-Door Tours for Years

The leading trade group for helicopter operators has, for at least two years, urged a halt to open-door tours such as the one that ended in the death of five people in the East River off Manhattan on March 11. …

Massachusetts Court: Merck Can Be Sued Over Generic Drug Injury

Massachusetts’ top court on Friday opened the door for consumers to sue Merck & Co Inc and other makers of brand-name drugs over injuries blamed not on their own medications but on generic versions of their treatments made by other …

Brit Names Walker from Marsh as Head of UK Property

Brit Ltd. announced it has appointed Neil Walker as head of UK Property. In this role, Walker reports to Tom Hillier, divisional director, Specialist Liability. Walker brings over 20 years’ of experience in the broking industry with a focus on …

Retiring Commissioner Sevigny Talks State Regulation, Being a Good Leader

New Hampshire Insurance Commissioner Roger Sevigny is planning to retire this summer after 16 years with the New Hampshire Insurance Department. His current term ends on June 11. Prior to his 16 years working as a regulator in the state …

Climate Change Worsens Effects of Natural Disasters, Costing Farmers Billions of Dollars

Natural disasters from droughts to floods are costing farmers in poorer countries billions of dollars a year in lost crops and livestock, and it’s getting worse thanks to climate change. Agricultural losses from weather events in developing nations totaled $96 …