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Buchanan Promoted to VP at RHSB in Dallas

Keleigh Buchanan was recently promoted to vice president at Dallas-based independent insurance broker, RHSB. She has been with RHSB for five years and has 16 years of experience in the insurance industry. Buchanan is a licensed insurance professional working with …

ICT Pegs Hurricane Harvey Insured Losses at $19B

The Insurance Council of Texas (ICT) has placed the insured losses from Hurricane Harvey at $19 billion. That number includes an estimated $11 billion in flood losses insured by the National Flood Insurance Program. Insured windstorm and other storm-related property …

Workers’ Comp Loss Costs to Fall 16.3% in Oklahoma Next Year

Workers’ compensation loss costs for 2018 will decrease by 16.3 percent in Oklahoma according to a filing by the National Council on Compensation Insurance (NCCI), the Oklahoma Workers’ Compensation Commission (WCC) reported. Loss costs are an insurance industry term for …

California Worker’s Comp Insurer Written Premium Down 4% in First Half of 2017

The Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through June 30. The major findings of the report include: California written premium for the first half of 2017 was $9.1 …

Fines for Workplace Deaths in Nevada Reduced Often

Companies that contested Nevada workplace safety citations after an employee died on the job received reduced fines about half the time. An analysis of state and federal Occupational Safety and Health Administration fatality records by the Las Vegas Review-Journal showed …

Arizona Supreme Court Won’t Review Lower Court Ruling on Medical Marijuana

The Arizona Supreme Court is letting stand a lower court’s ruling that the state’s medical marijuana law is constitutional in requiring counties to approve reasonable zoning regulations. Maricopa County Attorney Bill Montgomery had appealed a Court of Appeals ruling last …

FTC, Congress, States Investigating Equifax Over Data Breach

The U.S. Federal Trade Commission and a powerful Congressional committee are investigating the data breach at Equifax Inc., deepening government scrutiny of the cyber attack that may have compromised the privacy of 143 million U.S. consumers. The probes by the …

Google Faces Lawsuit Alleging Employment Bias Against Women

Three female former employees of Alphabet Inc.’s Google filed a lawsuit on Thursday accusing the tech company of discriminating against women in pay and promotions. The proposed class action lawsuit, filed in California state court in San Francisco, comes as …

How New EU Rules Make It Tougher for Insurers, Hedge Funds to Manage Currency Risk

New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders said, especially for large financial counterparties such as hedge funds and insurance companies. The regulations will impose “variation margins” on …

AIA and Zurich Make Separate Bids for Australian Insurance Businesses: Reuters

Hong Kong-based insurance giant AIA Group Ltd. has shown interest in buying Commonwealth Bank of Australia’s insurance business, which is likely to be valued at about $4 billion, people with knowledge of the matter said. Separately, Zurich Insurance Group AG …

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