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Aon Regional Managing Director: New Coverage for Captives Include Cryptocurrency, Cannabis

Mar 19, 2019 Nancy Gray, regional managing director, Aon, said emerging risks continue to be a growth area for captive formation. Gray...

Without Reforms, Florida AOB Lawsuits Could Spread to Commercial Lines

Mar 19, 2019 A problem that has recently plagued homeowners lines, assignment of benefits lawsuits in Florida, could now spread to commercial lines,...

Chiropractor Pleads Guilty in Multimillion-Dollar Fraud Scheme

Mar 19, 2019 A former Long Island chiropractor has pleaded guilty to accepting more than $2 million in payments after billing insurers for millions of dollars in...

AM Best Assigns Issue Credit Rating to Brighthouse Financial, Inc.’s New Preferred Stock

Mar 19, 2019 AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb-” to the $425 million 6.6% non-cumulative...

Claims Journal

Chemical Fire Timeline Abandoned as Plume Towers Over Houston

Mar 19, 2019 As a towering plume of black smoke billowed a mile above Houston for a third day, local officials said they don’t know how long the petrochemical blaze that...

Tesla Plant Sees 195% Surge in Time Away Due to Injuries

Mar 19, 2019 Tesla Inc.’s manic year of production took its toll on workers. Staff at the automaker’s lone assembly plant in Fremont, California, spent almost three times...

Lyft and Uber Fly to Hawaii to Build Their Own Captive Insurers

Mar 19, 2019 Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road...

Jet Funding May Add to Boeing’s $100 Million-a-Month Max Pain

Mar 19, 2019 Boeing Co.’s 737 Max fiasco could make the aircraft maker liable for planes bundled into debt, adding to total costs the company may incur in the aftermath...

Insurance Journal

Mississippi Deputy Accused of Cheating Insurer Out of Nearly $13K

Mar 19, 2019 A Mississippi sheriff’s deputy and another man face felony charges after authorities said they cheated an insurance company by falsely claiming an off-...

Insurance Industry Has Major Impact on Illinois’ Economy, Study Shows

Mar 19, 2019 A new study shows that Illinois insurance companies, agents and brokers continue to fuel the economy with quality jobs, revenue and investments, the study...

Wisconsin Salmonella Cases Prompt Recall of Butterball Ground Turkey

Mar 19, 2019 Butterball LLC issued a voluntarily recall of more than 78,000 pounds (35,400 kilograms) of raw ground turkey products nationwide as Wisconsin health...

Houston-Area Chemical Blaze Intensifies After Loss of Water Pressure

Mar 19, 2019 A fire at a petrochemical storage facility that’s covered Houston in a thick pall of smoke for the past two days intensified overnight after...