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Markel unit prevails in leased-warehouse fire dispute with owner
A Markel Corp. unit was not negligent in failing to provide adequate insurance for the owner of a leased warehouse that was subsequently heavily damaged in a fire.

POSTED JULY 21, 2017 1:35 PM
Aon offers driver injury protection for gig-economy workers
Aon P.L.C. is collaborating with One Beacon Insurance Group to develop and offer driver injury protection for Uber drivers, according to a statement issued by Aon Thursday.

POSTED JULY 21, 2017 1:33 PM
Wells Fargo ordered to reinstate employee in whistleblower case
Wells Fargo & Co. was ordered to reinstate a former branch manager who was fired after she reported potentially fraudulent conduct by private bankers she supervised.

POSTED JULY 21, 2017 1:21 PM
Proposal addresses causation, multiple conditions in workers comp claims
A bill presented to lawmakers in Texas on Wednesday aims to tackle the murky issue of causation in workers compensation.

POSTED JULY 21, 2017 12:11 PM
Rats! Chipotle woes continue
New characters were introduced this week in Chipotle Mexican Grill Inc.’s saga of food safety.

POSTED JULY 21, 2017 11:07 AM
The BI Top 10
Executive moves at Chubb, Lockton and Marsh, along with a ruling on a $43 million amputation case, topped this week's most popular stories.

POSTED JULY 21, 2017 9:43 AM
MasterCard says $18 billion British class action lawsuit blocked
(Reuters) — A £14 billion ($18 billion) class action lawsuit against Mastercard Inc. for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked from proceeding by a judge.

POSTED JULY 21, 2017 8:46 AM
Beazley to grow specialty lines as rating pressure continues

POSTED JULY 21, 2017 8:01 AM
Swiss Re insures coral reef
Swiss Re A.G. is preparing a policy to insure a stretch of the Mesoamerican Reef, the Mayan Riviera, off the Mexican coast.

POSTED JULY 21, 2017 4:00 AM
Yangtze River floods in China world's costliest natural disaster: Report
A report by U.K.-based reinsurance broker Aon Benfield Group Ltd.'s subsidiary Impact Forecasting L.L.C. found that floods across China's Yangtze River basin was the costliest natural disaster in the world in the first half.

POSTED JULY 21, 2017 4:00 AM

Yahoo News - Latest News & Headlines

Trump Finances Part of Russia Investigation

Trump Finances Part of Russia InvestigationGreg Farrell, investigative reporter for Bloomberg News, talks with Rachel Maddow about Special Counsel Robert Mueller including Donald Trump's personal business and finances as part of the Trump Russia investigation.

POSTED JULY 20, 2017 2:51 PM

After Trump rebuke, Sessions shows up for work, will stay ‘as long as that is appropriate’

After Trump rebuke, Sessions shows up for work, will stay ‘as long as that is appropriate’Attorney General Jeff Sessions and Deputy Attorney General Rod Rosenstein dodged questions about their future with the Department of Justice following criticisms from President Trump. In an interview with the New York Times published Wednesday evening, Trump said that he would not have appointed Sessions as attorney general if he knew Sessions would recuse himself from the Russia investigation. “We in the Department of Justice will continue every single day to work hard, to serve the national interest, and we wholeheartedly join in the priorities of President Trump,” said Sessions when asked if he had considered resignation.

POSTED JULY 20, 2017 11:28 AM

Scaramucci Hints at How He'll Deal With Trump's Tweets

Scaramucci Hints at How He'll Deal With Trump's TweetsAnthony Scaramucci, the new White House Communications Director, answers a question from NBC News' Hallie Jackson about getting the White House back on track.

POSTED JULY 21, 2017 7:29 AM

Teens filmed, mocked and laughed at a man slowly drowning

Teens filmed, mocked and laughed at a man slowly drowningFlorida police said a group of teenagers filmed the dying moments of a disabled man last week, with the teens cursing, laughing at and mocking the man as he drowned in a fenced-off pond.

POSTED JULY 21, 2017 10:30 AM

Cancer Survivor Says John McCain Can Fight Brain Tumor: 'It Doesn't Have to Be a Death Sentence'

Cancer Survivor Says John McCain Can Fight Brain Tumor: 'It Doesn't Have to Be a Death Sentence'Patients with glioblastoma tumors live an average of 15 months after receiving their diagnosis.

POSTED JULY 20, 2017 4:32 PM

US sailors likely at fault in cargo-ship collision: official

US sailors likely at fault in cargo-ship collision: officialThe crew of a Navy destroyer that collided with a Philippine-flagged cargo ship will "certainly" be held accountable for the crash that killed seven American sailors, a US defense official said Friday. "The way it looks now, it seems that the crew on the (USS) Fitzgerald is going to be at fault," the official told AFP on condition of anonymity. Senior spokeswoman Rear Admiral Dawn Cutler stressed the investigation was still in its "early stages" and said it was too soon to release any definitive information.

POSTED JULY 21, 2017 2:17 PM

Philippine police arrest 43 foreigners for kidnap of Singapore woman

Philippine police arrest 43 foreigners for kidnap of Singapore womanBy Karen Lema MANILA (Reuters) - Philippine police said on Thursday they had arrested 43 foreigners for kidnapping a Singaporean woman at a casino resort in the capital, highlighting security concerns that have scared high-stakes gamblers away from Manila. Police said the gang, including people from China and Southeast Asia, was believed to be a loan-shark syndicate targeting foreign high-rollers, with 11 similar cases reported since 2015. The Philippines is one of the fastest-growing casino hubs in Asia, after Macau and Singapore, with the opening of several resorts over the past two years.

POSTED JULY 20, 2017 3:51 AM

OJ Simpson's Finances Under Scrutiny

OJ Simpson's Finances Under ScrutinyHe is worth approximately $250,000, down from over $10 million in the early 1990s.

POSTED JULY 20, 2017 1:13 PM

Venezuela diplomat says he resigned to protest Maduro acts

Venezuela diplomat says he resigned to protest Maduro actsUNITED NATIONS (AP) — Venezuelan diplomat Isaias Medina said he resigned because of the systematic persecution of civilians, "state terrorism" and violations of the constitution by President Nicolas Maduro's government — and he said Maduro should resign too.

POSTED JULY 21, 2017 9:03 AM

US 'closely tracking' as Chinese navy in the Baltics for war games with Russia

US 'closely tracking' as Chinese navy in the Baltics for war games with RussiaChinese warships will join Vladimir Putin’s navy in the Baltic Sea on Friday ahead of war games which are being watched closely by Western powers. The drills, which are a sign of both the growing reach of the Chinese military and closer strategic ties between Moscow and Beijing, kick off a busy summer of drills by Russia in eastern Europe which have raised alarm in Washington. China’s most advanced guided-missile destroyers are expected to arrive in the Russian enclave of Kaliningrad on Friday before taking to the seas with a Russian flotilla on Monday for exercises that will run until July 31. The Type 052D destroyer, Changsha, missile frigate Yuncheng and supply ship Luoma Lake are taking part in the drills. PLA navy ships to enter Baltic Sea for the first time to hold joint exercises with Russia https://t.co/dhiqc5On0Bpic.twitter.com/SthAGIEu9c— China News 中国新闻网 (@Echinanews) July 19, 2017 The Changsha was described as China’s “most advanced guided-missile destroyer” by Chinese media, while the Yuncheng is also believed to be among the most capable frigates in the People Liberation Army (PLA) Navy’s arsenal. "By sending its most advanced guided-missile destroyers, China is expressing its sincerity to Russia and also sends a strong signal to other countries who plan to provoke us," Li Jie, a Beijing-based navy expert, told the state-run Global Times. The Royal Navy escorted a flotilla of Chinese warships through English waters as it prepared to carry out drills with Vladimir Putin's forces. Credit: Rob Verkerk While China has dispatched some of its most high-end warships to the joint exercise, the continent from Russia’s Baltic fleet is much smaller. Just two combat ships – new corvettes of the Steregushchy class – will be joined by a support tug, naval Ka-27 helicopters and land-based Su-24 fighter-bombers as air support.  The reason for such a small showing at this year’s Joint Sea exercise is straightforward, says Maxim Shepovalenko, a former Russian navy captain and expert at the Moscow-based Center for the Analysis of Strategies and Technologies (CAST), said the small Russian showing was because there was "no need for a large-scale exercise" in the Baltic, "merely a symbolic one". "I can’t imagine the Russian navy ever holding a large-scale naval drill even by itself. And for the Chinese Navy, this is just a way to get a taste for ‘global reach,’” Mr Shepovalenko said. The exercise will run the course of a week, and will feature anti-submarine, anti-aircraft, and anti-ship drills. The two sides will also practice anti-piracy as well as search and rescue operations. The joint flotilla is under the command of Russian Vice Admiral Alexander Fedotenkov and Chinese Vice-Admiral Tian Zhong.  The drills are being conducted in Russian, according to the Baltic Fleet’s press service. China has been expanding its military reach by building up its naval forces and establishing its first overseas military base in the tiny east African nation of Djibouti this year. The manoeuvres in the Baltic Sea are being seen by Chinese experts as a show of force following joint drills by the United States and Beijing's two key Asian rivals - India and Japan – in the Indian Ocean earlier this month. Observers also say they are directed at Nato, and underscore China’s aspirations to be a major blue sea power and a rival to US naval might. A statement from the United States European command said: “We are closely tracking Russian exercises with other participants, like China. “While we support their rights to train in international commons, we expect all nations adhere to international norms and laws,” the statement added, according the the Stars and stripes military news website. US and Japanese (R) Navy ships are pictured docked at a harbour during the inauguration of joint naval exercises with India in Chennai on July 10, 2017.  Credit: AFP The drills mark the first occasion that Chinese warships have ever carried out manoeuvres in the strategically important Baltic Sea, and come after recent exercises in the Mediterranean. Wei Dongxu, a Beijing based military expert, said that Britain would feel a loss of prestige over the Chinese drills, given its history as a maritime power. “If you look back 30 years ago, there was no way that Britain could have imagined China could dispatch such advanced warships to carry out these activities,” he told The Telegraph. “I expect China will have overwhelming advantage over Britain on naval strength.” A named commentary in the Global Times on Friday that the drills are part of a wider plan of “enhancing (China’s) presence in oceans around the world”. “China should not back down from its current stance in the face of criticism from NATO countries,” said the commentary, from Cui Heng. a PhD candidate at the Center for Russian Studies, East China Normal University. “An appropriate entry into the NATO countries' "backyard" like the Atlantic, the Mediterranean and the Baltic Sea will reflect China's confidence and strength.” Members of the People's Liberation Army (PLA) Navy stand on the Liaoning aircraft carrier as it sails into Hong Kong, china, on Friday, July 7, 2017.  Credit: Bloomberg Meanwhile, concerns have been raised by the US military over Russian war games in Belarus - an ally of Moscow - in September. Some NATO allies believe the Russian exercise could number more than 100,000 troops and involve nuclear weapons training, the biggest such exercise since 2013. US Army Lieutenant General Ben Hodges, who heads US Army forces in Europe, told Reuters that allies are also concerned that the manouvres could be a “Trojan horse”, in which Russia would leave equipment behind. Additional reporting by Christine Wei

POSTED JULY 21, 2017 4:15 AM

News – Insurance Journal

Exclusive: California Broker Plans Parametric Quake Product That Pays Even If No Damage
A California broker is promising to bring a “first-of-its-kind financial resource” that pays homeowners after an earthquake for a low monthly premium whether there’s damage to the home or not. A Berkeley, Calif.-based firm called Jumpstart Insurance Solutions Inc. recently …

POSTED JULY 22, 2017 12:03 AM
Chubb Launches Multi-line Practice for Large Transportation Clients
Chubb has launched a multi-line industry practice within its Major Accounts division that will provide insurance products, service and risk management options for best-in-class large risk transportation clients in the United States and Canada. Chubb’s Transportation Industry practice provides a …

POSTED JULY 21, 2017 4:59 PM
Morris Reappointed to Louisiana Workers’ Comp Advisory Council
Michael D. Morris of Baton Rouge has been reappointed to the Louisiana Workers’ Compensation Advisory Council. Morris is an attorney and the chief executive officer of the Louisiana Home Builders’ Association. He will serve as a representative of self-insured industries …

POSTED JULY 21, 2017 4:50 PM
Hundreds Evacuate from Flooding in Western Wisconsin City
Several hundred people evacuated their homes early on July 20 in the small western Wisconsin community of Arcadia where heavy rain sent a creek over its banks. The waterlogged city is part of more widespread flooding in Wisconsin and Minnesota …

POSTED JULY 21, 2017 4:48 PM
Fatal Arkansas Train Accident Prompts Hazard Rating Increase
The Arkansas Highway and Transportation Department has increased the hazard rating for a train crossing after the recent deaths of a couple whose car was struck by a train. ATHD Railroad Crossing Coordinator Steve Weston tells the Jonesboro Sun that …

POSTED JULY 21, 2017 4:46 PM
Authority Wants 1952 Quake Anniversary to Remind Californians to Prepare
Friday marks the 65th anniversary of the 1952 magnitude 7.5 earthquake that struck Kern County, Calif., considered the largest quake to strike Southern California since the 1870s. While the epicenter was on the White Wolf fault in the southern San …

POSTED JULY 21, 2017 4:41 PM
Louisiana Regulators Recover $4M for Insurance Policyholders
Insurance policyholders collected an additional $4 million in the first half of the year as a result of assistance provided by the Louisiana Department of Insurance (LDI). These funds are a result of staff from the LDI Office of Consumer …

POSTED JULY 21, 2017 4:37 PM
Minnesota Fines 2 Insurers for Refusing to Pay Auto Accident Claims
Minnesota Commerce Commissioner Mike Rothman has fined two insurance companies for violating state consumer protection laws by refusing to pay auto accident claims for damage caused by drivers they insured. In recent consent orders with the Commerce Department, American Family …

POSTED JULY 21, 2017 4:33 PM
Minnesota: Farmers Insurance Exchange Overcharged Renters for Auto Coverage
Minnesota Commerce Commissioner Mike Rothman has ordered an insurance company to refund more than $300,000 to Minnesota drivers who were charged higher auto insurance rates solely because they were renters rather than homeowners. According to the Minnesota Commerce Department Insurance …

POSTED JULY 21, 2017 4:29 PM
Pennsylvania’s PLM Names Selfe Vice President of Information Technology
Pennsylvania and Indiana Lumbermens Mutual Insurance Companies (PLM), a property and casualty insurance carrier based in Philadelphia, Penn., has named Erin Selfe vice president of information technology. With more than 20 years of experience, Selfe will be responsible for all …

POSTED JULY 21, 2017 3:44 PM

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