Monthly Archives: <span>September 2019</span>

Bahamas Facing Humanitarian Crisis in Wake of Hurricane Dorian

FREEPORT, Bahamas (AP) — Practically parking over the Bahamas for a day and a half, Hurricane Dorian pounded away at the islands Tuesday in a watery onslaught that devastated thousands of homes, trapped people in attics and crippled hospitals. At …

Hurricane Dorian, Again a Category 3, Bears Down on Carolinas; Northeast on Watch

Sep 5, 2019, 6:26 AM— Hurricane Dorian — once again a Category 3 storm — is bearing down upon the Carolinas after sweeping past Florida and Georgia and battering the Bahamas, where it killed at least 20 people. Dorian brought …

Colombia Plans $23 Billion Holding Company for State-Run Businesses

Colombia in November will launch a $23.2 billion holding company comprising 19 companies in which the government has stakes, including banks focused on agriculture and exports, to boost efficiency and improve portfolio management, it said on Wednesday. The effort follows …

Marsh’s Ellis Joins AIG to Head Retail Property

American International Group has appointed Duncan Ellis as head of Retail Property, North America General Insurance. The company said Ellis will lead General Insurance’s North American Retail Property business and focus on diversifying the company’s property portfolio and implementing consistent …

Employers Moving into Hawaii with Its Workers’ Comp

Employers Inc. is now offering workers’ compensation insurance policies in Hawaii. The expansion has Employers providing workers’ comp to small businesses nationally, excluding four monopolistic states. Employers Inc. is a holding company with subsidiaries that are specialty providers of workers’ …

California Commissioner Sorry for Accepting Insurance Industry Contributions

Insurance Commissioner Ricardo Lara has offered an apology for accepting campaign contributions from the insurance industry. Lara in a letter that was reportedly sent on Tuesday acknowledged that his campaign solicited contributions from the insurance industry, despite a campaign pledge …

ArgoGlobal Syndicate 1200 to Exit Asia and Global Hull Underwriting

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced plans to exit Syndicate 1200’s underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing policies remain valid and the company will manage claims …

Report: California Workers’ Comp Medical Payment Trends Fell in 2018

Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its California Workers’ Compensation Aggregate …

Bender Insurance in California Names Beno Commercial Lines Claims Specialist

Bender Insurance Solutions in Sacramento, Calif., has named Rick J. Beno claims specialist in the commercial lines department. Beno has more than 30 years of experience in the management of claims. Bender Insurance Solutions is an insurance brokerage serving clients …

Ordered to Pay $25M in Damages, Ohio’s Oberlin College Seeks New Trial

Oberlin College is seeking a new trial after being ordered to pay $25 million to the owners of a market who accused the Ohio school of ruining their business by encouraging protests and branding them racists after a shoplifting incident …