November 5, 2019
Program business premium rose 12.2% in 2018, reaching $40.5 billion from $36 billion in 2016, according to The 2019 State of Program Business Study published by the Target Markets Program Administrators Association (TMPAA). Program business again outpaced the total property/casualty …
November 5, 2019
Women engineers who claim Microsoft Corp. discriminates against them for pay and promotions faced tough questions from a federal appeals court weighing whether their ground-breaking lawsuit should become a class action. During arguments Monday in Portland, Oregon, the three-judge panel …
November 5, 2019
Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court on Monday evening issued an order appointing …
November 5, 2019
Louisiana-based Excalibur Insurance Co. is now officially named Lighthouse Excalibur Insurance Co., following its acquisition by Lighthouse Property Insurance Corp. The name change was unveiled on Nov. 1. In May, Lighthouse Property Insurance acquired Excalibur, a property insurer with approximately …
November 5, 2019
European Union finance ministers are set to adopt new rules this week that will require asset managers, insurers and pension funds to disclose environmental and social risks in their investments from 2021. The overhaul is expected to bring more clarity …
November 5, 2019
Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems, sending its shares down as much as 5.7%. JFS said it had taken all affected systems offline as …
November 5, 2019
A California dam could fail during an extreme storm and send water flooding into Mojave Desert communities that are home to about 300,000 people, authorities said. The U.S. Army Corps of Engineers announced that it has changed its risk characterization …
November 5, 2019
The rate of fatal airplane crashes in Alaska is higher than the national average, according to the National Transportation Safety Board. The NTSB has preliminary reports for 10 fatal plane wrecks in Alaska for the 2019 calendar year. The figure …
November 5, 2019
A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such lawsuits will likely do even less to …
November 5, 2019
United Valley Insurance Services Inc. has added two new members, JPL Insurance Services of San Diego, and Levoy & Associates Insurance Agency Inc. of Roseville. Both are in California. JPL Insurance Services serves clients in California, Arizona and Nevada. JPL …