The National Hurricane Center is advising Louisiana and Texas, along with coastal areas of northern Mexico, to monitor a storm system in the Gulf of Mexico that has a 60 percent chance of becoming a tropical depression. The NHS says …
San Antonio, Texas-based independent claims adjusting and third-party administration firms, IAS Claim Services, has appointed Walter Leddy as chief executive officer. Former CEO Larry Cochran will assume a new role as chairman of IAS. Leddy, a technology-enabled services veteran most …
The industry’s Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss (XOL) contract and asked the industry to help test it. The initial results are in. Months of testing …
Everest Insurance has expanded its Everest Specialty Underwriters (ESU) Financial Lines group with the addition of three cyber liability team members. This team, led by Vice President and Cyber Practice Leader Kevin Sherry, is focused on providing cyber liability coverage …
James Irvine has been named chief underwriting officer for Lancashire Insurance Co. Ltd. (LICL) in Bermuda. Lanchashire Holdings Ltd. (LHL) also announced the appointment of Ben Readdy as the group chief actuary beginning in January, 2019. Irvine and Readdy replace …
Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards …
Uber Technologies Inc. may be saving more than $500 million a year by misclassifying its California drivers as independent contractors, according to a lawsuit that claims the ride-hailing company is flouting a ruling by the state’s highest court. Uber avoids …
New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global Financial Centres Index published Wednesday by research …
A 45-year-old Rhode Island woman has been charged with forging business checks and stealing as much as $400,000 from a Cranston, R.I., auto dealership where she worked. Federal prosecutors say Michelle Saritelli of South Kingston is charged with bank fraud …
A Massachusetts woman whose 2-year-old child was injured when a tree branch fell on her SUV has filed a lawsuit alleging utility Eversource and the town of Southampton, Mass., knew of dangerous tree limbs yet didn’t cut them down. The …
