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News – Insurance Journal

Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit
A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market Association’s (LMA)* wordings team, working closely with the …

POSTED SEPTEMBER 19, 2018 9:52 AM
Drivers of Marsh & McLennan-JLT Deal: Too Much Capital, Not Enough Growth – Opinion
Too much capital and not enough growth. Faced with this ailment, the insurance sector is reaching for a costly remedy — M&A. Marsh & McLennan Cos. Inc. Tuesday became the latest [insurance industry participant]* to splash the cash, agreeing to …

POSTED SEPTEMBER 19, 2018 9:35 AM
BHSI Expands Team in Dubai with Product Line, Service Appointments
Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has further expanded its leadership team in the Dubai International Financial Centre (DIFC), with the appointment of executives to fill key product line and service posts. “Building a strong foundation of …

POSTED SEPTEMBER 19, 2018 8:37 AM
After Spate of Typhoons & Hurricanes, World’s Oceans May Take a Breather
With the remnants of Hurricane Florence wringing out heavy rain through the Appalachians and New England this week, and Typhoon Mangkhut winding down in southern China, it looks like the world’s oceans may take a breather. There are few significant …

POSTED SEPTEMBER 19, 2018 8:11 AM
UK Cryptocurrency Market Similar to ‘Wild West’ and Should Be Regulated: Lawmakers
Britain’s cryptocurrency market resembles the Wild West and should be regulated, lawmakers said on Wednesday, urging the government to bring to heel a sector plagued by volatile price swings, vulnerability to hacking and weak consumer protection. The government’s current approach …

POSTED SEPTEMBER 19, 2018 7:39 AM
Missouri Sawmill Cited for Safety Violations; Faces Nearly $200K in Penalties
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed penalties of $199,183 to Missouri-based American Walnut Company LLC for two repeated and 14 serious safety violations. OSHA initiated an inspection of the St. Joseph sawmill after …

POSTED SEPTEMBER 19, 2018 6:47 AM
After Florence Floods, Uninsured Awaken to Painful Reality
Flood insurance was far from Stephanie Walker’s mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast. The next year, a creek at the end …

POSTED SEPTEMBER 19, 2018 5:25 AM
North Carolina Sets Up Insurance Camps, Victim Assistance Centers With FEMA, NFIP
Consumer assistance centers and insurance camps have been set up in areas of North Carolina affected by Hurricane Florence, according to a statement from North Carolina Insurance Commissioner Mike Causey. “We are going in to flood-ravaged areas to assist people …

POSTED SEPTEMBER 19, 2018 5:11 AM
Democrats Want Trump Labor Board Member’s Recusal on Union Email Rule
Democratic U.S. senators led by Elizabeth Warren of Massachusetts urged a Trump administration labor board appointee to recuse himself from a case that could end up being a big victory for corporations trying to make it harder for workers to …

POSTED SEPTEMBER 19, 2018 5:00 AM
Alliant Acquires Harbor Group Consulting of Miami
Alliant Insurance Services has acquired Harbor Group Consulting, a national insurance advisory for commercial real estate loans. Miami-based Harbor Group will join Alliant’s growing real estate practice, adding new resources and capabilities to Alliant’s risk and insurance platform. Founded in …

POSTED SEPTEMBER 19, 2018 5:00 AM

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