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

Wisconsin, Leading in Manufacturing Jobs Added, Touts Private Sector Gains

Wisconsin added the most manufacturing jobs of any state in the first quarter of 2018 and ranks fourth nationally in the number of private sector jobs added in March, the state Department of Workforce Development (DWD) reported State-by-state rankings released …

Missouri Employers Mutual: More Businesses Injury-Free in 2017

Workers’ compensation insurer, Missouri Employers Mutual Insurance (MEM), says it experienced an all-time high in injury-free policyholders last year. MEM’s 2017 workplace safety data show the company increased its total policy count from 15,857 to 17,561 in 2017. And that …

Valero Refinery Fire in Texas Released Air Contaminants, Report Finds

A report found that a recent explosion and fire at a refinery along Texas’ Gulf Coast released four types of unauthorized contaminants into the air. The Daily News reports that Valero Energy estimates its Texas City refinery emitted more than …

Bills Addressing Last Year’s California Wildfires Have Insurers Concerned

Insurance industry representatives said on Thursday they are working with the authors of pair of controversial bills approved by a committee in the California state Senate that are designed to give relief to victims of the massive wildfires last fall. …

FEMA Proposes Allowing Owners to Rebuild Homes After Taxpayer Buyouts

The Federal Emergency Management Agency is proposing to allow owners of homes destroyed by storms and bought out by the government to rebuild on the same flood-prone land. Currently, FEMA offers to buy homes that have been repeatedly damaged by …

NTSB Says Pilot Reported Ice Buildup Before Crash of Small Plane in Pennsylvania

Investigators say the pilot of a small plane had reported ice buildup on his aircraft and asked to divert to a nearby airport shortly before the crash that killed him and his passenger last week in Pennsylvania. A preliminary report …

Seeman Holtz Acquires Houston Agency’s Marine, Motorcycle Business

Seeman Holtz Property & Casualty Inc., based in Boca Raton, Florida, has acquired the marine and motorcycle insurance business of Elton Porter Insurance Agency in Houston, Texas. Members of the Elton Porter sales and service team will join Seeman Holtz …

Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC

Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting firm’s survey found that 80 …

Louisiana Lawmakers Eye Stiffer Penalties for Pipeline Damage

A fight over a crude oil pipeline in southern Louisiana has spilled into the Legislature. A proposal to stiffen penalties for damaging or trespassing around pipelines is nearing final passage after winning approval from a Senate judicial committee. Rep. Major …

Zurich Insurance Reported to be Preparing to Cut Stake in Malaysian Unit

Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 billion of such deals in the …