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Allied World to Offer Drone Loss Control Services to Policyholders
Allied World North America has expanded its risk management offerings to policyholders to include access to discounted unmanned aerial systems (UAS) services through DataWing, a UAS service provider led by former U.S. Air Force fighter pilots that provides end-to-end options …

POSTED APRIL 21, 2017 4:56 PM
Wyoming Flood Preparations Follow Flood Predictions
Fremont County, Wyo. residents and disaster response officials are making preparations for spring flooding. Predictions are that the county could see its biggest runoff from the mountain snowpack in decades. National Weather Service hydrologists say the Wind and Little Wind …

POSTED APRIL 21, 2017 3:43 PM
Idaho Governor Issues Warnings over Potential Flood Disasters
Idaho Gov. C.L. “Butch” Otter says residents facing possible flooding in some areas of the state aren’t taking what he calls a potential disaster seriously. About a dozen state and federal officials at a news conference Wednesday in Boise described …

POSTED APRIL 21, 2017 3:41 PM
Managers Made Errors in Handling California Dam Crisis
Late in the afternoon of Feb. 12, Sheriff Kory Honea was at the emergency operations center for the tallest dam in America when he overheard someone say something that stopped him in his tracks: “This is not good.” Over six …

POSTED APRIL 21, 2017 3:26 PM
Pennsylvania Says It Busted Up Fraudulent License Plate Ring
Pennsylvania’s attorney general’s office on Wednesday charged a dozen people as part of an organized crime ring that it said had made millions of dollars renting out fraudulently obtained license plates, primarily in New York City. The people who rented …

POSTED APRIL 21, 2017 1:04 PM
Connecticut Insurance Department Launches Licensing Site
The Connecticut Insurance Department has launched a new licensing web site, designed to improve customer service for the nearly 200,000 agents, brokers, adjusters and other licensees who conduct business with the department. The new licensing site features online tools that …

POSTED APRIL 21, 2017 12:53 PM
Texas Roadhouse to Pay $12M to Settle Age Discrimination Suit Filed in Massachusetts
Texas Roadhouse, a national, Kentucky-based restaurant chain, will pay $12 million and furnish other relief to settle an age discrimin­ation lawsuit brought by the U.S. Equal Employment Oppor­tunity Commission (EEOC), the federal agency announced. The EEOC had filed suit seeking …

POSTED APRIL 21, 2017 12:39 PM
How Meteorologists View 2017 Atlantic Hurricane Season
Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect this season to be more active than normal with one, Global Weather …

POSTED APRIL 21, 2017 12:17 PM
Trump to Order Review of Dodd-Frank Reforms, Taxes for Insurers, Banks
President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White House official said on Thursday that Trump …

POSTED APRIL 21, 2017 11:29 AM
French Regulator Links Sanofi Epilepsy Drug to Birth Defects
Up to 4,100 children in France suffered major malformations in the womb after their mothers took a treatment against epilepsy and bipolar disorders known as valproate between 1967 and 2016, France’s drug regulator said. Valproate, which has been manufactured in …

POSTED APRIL 21, 2017 10:22 AM
Uber Faces Hike in London License Fees, in Latest Blow for Ride-Hailing Firm
Taxi app Uber could face an increase in operator license fees in London under proposed changes by the city’s transport authority, the latest in a series of moves by regulators to rein in a firm that has disrupted the traditional taxi industry. …

POSTED APRIL 21, 2017 9:53 AM
AXA Taps Telefonica’s Benjamins as CDO, Head of Data Innovation Lab
AXA has appointed Richard Benjamins as chief data officer (CDO) of the AXA Group and head of the Data Innovation Lab (DIL), effective May 2. Benjamins will report to Benoît Claveranne, chief transformation officer (CTO) and a member of the …

POSTED APRIL 21, 2017 9:33 AM
‘Flying Taxi’ Successfully Tested in Germany by Start-Up Lilium Jet
A Bavarian start-up is developing a five-seat “flying taxi” after successful test flights over Germany of a smaller version of the electric jet, the company said on Thursday. Munich-based Lilium, backed by investors who include Skype co-founder Niklas Zennstrom, said the …

POSTED APRIL 21, 2017 9:10 AM
MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform
Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and cyber liability risks. Nirvana will underwrite risks for small and large enterprises on a global basis with a particular emphasis …

POSTED APRIL 21, 2017 8:52 AM
Aon, JLT, Marsh, Willis Investigated by UK Regulator Probing Aviation Broking
Britain’s financial watchdog is investigating four large insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson (JLT), Marsh and Willis Towers Watson issued statements saying …

POSTED APRIL 21, 2017 8:27 AM
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is likely to …

POSTED APRIL 21, 2017 8:18 AM
Florida Lawmakers Move Toward Repealing PIP Mandate
Florida may change the kinds of auto insurance drivers must purchase. The Florida House on Wednesday voted 89-29 to repeal a requirement that motorists carry a type of auto insurance known as personal injury protection. Under Florida’s no-fault insurance law …

POSTED APRIL 21, 2017 5:34 AM
Coal Mining Company Proposes Turning Kentucky Mine Into Solar Farm
A former strip mine would be converted into a solar farm under a proposal announced Tuesday by an Appalachian coal company that says it wants to place hundreds of thousands of panels in the Kentucky mountains. The Berkeley Energy Group, …

POSTED APRIL 21, 2017 5:18 AM
Private Firms Lose Privacy When Liability Battles Reach Courtroom
“It’s like a Kardashian episode.” That outburst from an unidentified person spoke to the fact that private companies can make their affairs very public in bitter courtroom battles over management liability. The comment came during a panel discussion entitled “Is …

POSTED APRIL 21, 2017 5:00 AM
Florida Battle for Ridesharing Regulations Nears End of Long Road
After a four-year battle in the Florida Legislature, lawmakers on Wednesday passed statewide regulations for ridesharing companies like Uber and Lyft that would undo a patchwork of local rules across the state. “Florida’s patchwork of ridesharing regulations is finally history,” …

POSTED APRIL 21, 2017 5:00 AM
Research Group Pegs Cost of Memphis Roads to Drivers at $2K a Year
A new report issued by a nonprofit organization says Memphis roads cost drivers more than any other in Tennessee. WMC-TV reports that national transportation research group TRIP evaluated road congestion and bad road conditions leading to car repairs or crashes …

POSTED APRIL 21, 2017 4:33 AM
Main Street America Promotes Frazier to SVP; Appoints 3 New Company Officers
The Main Street America Group has made changes to its personnel, including promoting Tom Frazier, the company’s chief investment officer, to senior vice president. Frazier has been a Main Street America vice president and its chief investment officer since 2011. …

POSTED APRIL 21, 2017 4:21 AM
Houston’s Platform Partners Acquires Voluntary Benefits Firm, Beneplace
Platform Partners LLC (Platform), a private company headquartered in Houston, has completed the acquisition of Beneplace LLC (Beneplace), markets and distributes voluntary employee benefits and employee discount programs serving Fortune 1000 companies, large associations and government agencies. Founded in 1995, Austin-based Beneplace …

POSTED APRIL 20, 2017 11:48 PM
Appeals Court Affirms Texas Physician’s Workers’ Comp Fraud Conviction
The Third Court of Appeals in Austin, Texas, has affirmed a trial court’s 2014 conviction of Howard Douglas, III, M.D., of Frisco on felony fraud charges, according to Texas Mutual Insurance Co. Douglas was convicted and sentenced to five years’ …

POSTED APRIL 20, 2017 11:39 PM
Texas Stamping Office: ‘Industrial Insured’ Bill Passed by House
The Texas House of Representatives has approved House Bill 1559, which creates an exemption for entities classified as an “industrial insured,” the Surplus Lines Stamping Office of Texas reported. The measure has been referred to the Senate Administration Committee. If …

POSTED APRIL 20, 2017 10:45 PM
Report: 90% of Firefighters in Kansas Are Underfunded Volunteers
Volunteer firefighters, who make up 90 percent of the firefighters in Kansas, are seeking additional funding. Kansas spends about $300,000 at the state level on firefighting, less than almost any other state, the Wichita Eagle reported. This resulted in local …

POSTED APRIL 20, 2017 10:06 PM
Iowa’s Grinnell Mutual Launches National Reinsurance Unit
Grinnell Re, a division of Grinnell, Iowa-based Grinnell Mutual, has launched a new team, National Reinsurance. Rick Tjarks, assistant vice president, and Randy Dammeyer, senior account executive, have been chosen to lead the new National Reinsurance team. The newly formed …

POSTED APRIL 20, 2017 10:05 PM
Hamilton’s Duperreault Among Candidates Being Considered as AIG CEO
American International Group Inc. is weighing a plan to hire Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other candidates are still being considered as the board seeks a …

POSTED APRIL 20, 2017 9:52 PM
Wisconsin Company Resolves Federal Wellness, Retaliation Case for $100K
The U.S. Equal Employment Opportunity Commission (EEOC) reported it has resolved a lawsuit against Orion Energy Systems, a Manitowoc, Wis., lighting company. The EEOC had challenged the company’s wellness program under the Americans with Disabilities Act (ADA) and alleged that …

POSTED APRIL 20, 2017 8:58 PM
Ford Joins Texas Agents Group as Continuous Improvement Director
The Independent Insurance Agents of Texas (IIAT) announced that Angela Ford has joined IIAT as the director of continuous improvement. Ford has more than 25 years of experience in the insurance industry, managing all aspects of technology implementation, consulting independent …

POSTED APRIL 20, 2017 8:22 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Reading Insurance Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

   

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