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Germany, China Agree to Expand Market Access in Insurance, Banking, Finance
Germany and China on Friday signed agreements to strengthen coordination in banking, finance and capital markets, and pledged to further open market access and deepen cooperation to broaden economic ties. The agreements were reached after a two-day visit to Beijing …

POSTED JANUARY 18, 2019 9:12 AM
Missouri’s Lindley-Meyers to Chair NAIC’s Market Regulation Committee
Missouri Department of Insurance, Financial Institutions & Professional Registration (DIFP) Director Chlora Lindley-Myers has been appointed chair of the Market Regulation and Consumer Affairs (D) Committee for the National Association of Insurance Commissioners (NAIC). The mission of the committee is …

POSTED JANUARY 18, 2019 6:09 AM
ICT: Destructive Weather Took a Break in Texas Last Year
Between 2015 and 2017, Texas experienced a record number of tornadoes, hailstorms and a hurricane, but the state finally got a reprieve from all of the destructive weather in 2018, the Insurance Council of Texas (ICT) reported. Prior to last …

POSTED JANUARY 18, 2019 6:02 AM
German, U.S. Firms in Patent Feud Over Mandated Railroad Safety Technology
Two companies battling for a share of more than $14 billion in mandated safety upgrades on U.S. railroads are set to collide in federal court to resolve a dispute over technology that prevents train accidents. Germany’s Siemens AG accuses U.S. …

POSTED JANUARY 18, 2019 6:00 AM
Method Insurance Launches Workers’ Comp Program for High-Hazard Risks
Method Insurance Services has launched a specialty workers’ compensation program with Service American Indemnity Co. that focuses on an under-served market segment for challenging, high-hazard risks. The program will entertain middle market accounts with manual premiums between $10,000 – $250,000 …

POSTED JANUARY 18, 2019 5:43 AM
Florida Jury Awards Family $500M in Wrongful Death Suit Over Car Shooting
A Florida jury has awarded nearly $500 million to the family of a woman fatally shot during an argument in a car in 2011. The family of 20-year-old Kalil McCoy of Jacksonville filed a wrongful death lawsuit against the man …

POSTED JANUARY 18, 2019 5:34 AM
Unlicensed Adjuster Arrested for Stealing $14K from Homeowners After Irma
An unlicensed insurance adjuster has been arrested over unlicensed public adjusting activities and the filing of false and fraudulent liens on individuals’ homes following Hurricane Irma, according to a statement from the Florida Department of Financial Services. Chief Financial Officer …

POSTED JANUARY 18, 2019 5:28 AM
Enviro Risks, Climate Change Lead Concerns in World Economic Report
Environmental risks continue to dominate long-term concerns, a new report shows. World Economic Forum’s Global Risks Report 2019 released on Wednesday included as collaborators Marsh & McLennan Cos. and Zurich Insurance Group, as well as academic advisers at the Oxford …

POSTED JANUARY 17, 2019 10:23 PM
Normandy Insurance Expands Workers’ Comp Coverage to Texas
Florida-based workers’ compensation carrier Normandy Insurance Co. is now offering workers’ compensation insurance to small, mid-size, and large businesses in Texas. This marks the fourth major expansion by the multi-state insurer in the past two years. Normandy now offers workers’ …

POSTED JANUARY 17, 2019 5:43 PM
Michigan Senate GOP Priority: Cutting Car Insurance Rates
Michigan Senate Republicans have signaled their intent to make lowering high auto insurance premiums a top priority in the two-year session, proposing legislation that would make it optional for Michigan drivers to buy what is now mandatory unlimited medical coverage. …

POSTED JANUARY 17, 2019 5:20 PM

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