February 22, 2018
Lasyone Insurance Agency
Thu, 22 Feb 2018 10:18:15 +0000
French insurer AXA posted higher-than-expected 2017 net profits and stronger earnings in the United States, ahead of the planned flotation of its American life insurance and asset management businesses in the second quarter this year. AXA, which ranks ...
Thu, 22 Feb 2018 06:00:09 +0000
The U.S. Supreme Court on Wednesday refused to broaden protections for corporate insiders who call out misconduct, ruling they must take claims of wrongdoing to the Securities and Exchange Commission in order to be shielded against retaliation. The jus...
Thu, 22 Feb 2018 06:00:00 +0000
The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses that have not yet been targeted by hackers. The guidanc...
Thu, 22 Feb 2018 05:42:45 +0000
Down the palm tree-lined roads of northeast Florida’s Flagler County, a half-dozen dump trucks are shuttling back and forth along the Atlantic coast pouring thousands of tons of sand onto the local beach. Replacing sand swept away by waves and …
Thu, 22 Feb 2018 05:22:14 +0000
Owners of a Miami roofing company have been accused of concealing nearly $1.2 million in payroll on their workers’ compensation policy renewal application in an alleged attempt to illegally lower their premium costs, according to Chief Financial Office...
Thu, 22 Feb 2018 05:13:53 +0000
J. Craig Collins has joined Insurance Designers of America, LLC and will take over for Dick Schuettner, who will retire March 31. In his role, Collins will direct general business development including creating strategic business initiatives and expand...
Wed, 21 Feb 2018 23:14:28 +0000
CAL Insurance & Associates Inc. has named Aletha Coffey an account manager on its commercial lines team. Coffey was previously a commercial account executive with GS Insurance Solutions. She was a marketing representative for BizInsure before that. CAL...
Wed, 21 Feb 2018 22:13:25 +0000
California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to offer surety bonds for the canna...
Wed, 21 Feb 2018 17:48:15 +0000
Oklahoma state Sen. Bill Brown will serve as the chair of the Senate’s Pensions, Retirement and Insurance Committee for the 2018 legislative session. Other members of the committee are Vice Chair Marty Quinn, Sen. James Leewright, Sen. Lonnie Paxton, S...
Wed, 21 Feb 2018 17:30:13 +0000
A historic building has collapsed in Ohio, leading officials to close nearby businesses until it is stabilized or torn down. Medina Fire Chief Bob Painter says the back canopy of the three-story Medina building collapsed Sunday during the town’s Ice …
Wed, 21 Feb 2018 17:28:12 +0000
Arkansas Gov. Asa Hutchinson says he’ll call a special legislative session to address reimbursement rates for pharmacies and to amend the state’s open container law if there is consensus among lawmakers on the proposals. Legislative leaders have asked ...
Wed, 21 Feb 2018 17:24:07 +0000
Acadia Insurance, a Berkley Company, is now offering specialized coverage beyond what is typically covered in a standard business owner policy for pet-focused businesses including: Kennels and daycare Pet groomers Pet trainers Veterinarians and pet hos...
Wed, 21 Feb 2018 17:07:23 +0000
Wisconsin lawmakers have tweaked a federal price insurance program following criticism from dairy farmers. The Margin Protection Program for Dairy allows farmers to buy insurance that pays out when the cost to produce milk becomes too close to milk’s s...
Wed, 21 Feb 2018 17:04:47 +0000
3M Co. has settled a lawsuit with Minnesota’s Attorney General Lori Swanson for $850 million, putting an end to eight years of litigation over a former Scotchgard ingredient that got into the state’s drinking water. The funds will be used …
Wed, 21 Feb 2018 17:00:00 +0000
Houston, Texas-based managing general agent and insurance wholesaler, Myron F. Steves and Co., has added Greg Rubel as chief underwriting officer, commercial lines. Rubel will lead the Texas-based company’s commercial lines operations and be a member o...
Wed, 21 Feb 2018 15:59:44 +0000
San Francisco-based personal insurance shopping site Gabi has raised $9.5 million in Series A funding, led by Canvas Ventures. Also joining the round are Correlation Ventures, Northwestern Mutual Future Ventures, Securian Ventures and prior investors C...
Wed, 21 Feb 2018 15:34:26 +0000
Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state’s known growers have been licensed, according to a report released by a pot industry group. The 38-page report from the California Growers Assoc...
Wed, 21 Feb 2018 14:44:30 +0000
A Maryland Transit Administration report says the agency knew Baltimore Metro’s subway rails didn’t meet safety standards in 2016, more than a year before it declared an emergency shutdown. The Baltimore Sun cites a 2018 MTA report that says 17 …
Wed, 21 Feb 2018 14:38:09 +0000
A Connecticut panel has awarded funding to launch a new not-for-profit insurance company that will manage state dollars that will help homeowners with crumbling foundations. The State Bond Commission approved $350,000 Friday in start-up money for the C...
Wed, 21 Feb 2018 14:25:57 +0000
The Travelers Companies has named Bruce Gifford to the newly-created role of enterprise chief data and analytics officer to further strengthen the company’s data and analytics capabilities. Gifford previously served as senior vice president and chief a...
Wed, 21 Feb 2018 14:15:44 +0000
State laws banning hand-held cellphone calls while driving can be effective in reducing teens’ hand-held conversations while driving, but texting bans are not effective in reducing texting while driving, according to a new study. The study, led by the ...
Wed, 21 Feb 2018 14:13:00 +0000
Innovative Coverage Concepts LLC (ICC), a Parsippany, N.J.-based national wholesale broker and managing general agency (MGA), has appointed Brian L. Eighmy as director of claims. Eighmy has 20 years of experience in claims management, including in seni...
Wed, 21 Feb 2018 14:09:06 +0000
The Trump administration is proposing to expand the availability of short-term insurance plans, offering a cheaper health coverage option for consumers, while taking another step to undercut Obamacare. The Department of Health and Human Services propos...
Wed, 21 Feb 2018 14:08:58 +0000
V3 Insurance Partners LLC, a Newtown, Penn.-based specialty insurance program administrator, has named Brian Janitschke chief operating officer. In this role, he will be based in V3’s Newtown offices and will focus on advanced underwriting, analytics a...
Wed, 21 Feb 2018 14:02:02 +0000
Everest Insurance has expanded the financial lines division of Everest Specialty Underwriters (ESU ), naming five professionals to its new Private Company/Not-For-Profit unit. The Private/NFP team is targeting small, middle and large private/not-for-pr...
Wed, 21 Feb 2018 12:48:28 +0000
AXA announced it had entered into an agreement with Mr. Elkhan Garibli to sell all AXA’s insurance operations in Azerbaijan. Under the terms of the agreement, Garibli would acquire 100% of the non-life entity (AXA MBask Insurance Company OJSC). The …
Wed, 21 Feb 2018 09:13:37 +0000
Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global Corporate & Specialty (AGCS). For medi...
Wed, 21 Feb 2018 07:36:03 +0000
Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh’s central bank in 2016, City’s CEO said on Monday. …
Wed, 21 Feb 2018 06:06:56 +0000
Officials in Savannah, Ga., are taking extra precautions to protect employees’ email accounts and government computer servers as Savannah City Hall recovers from a malware virus attack. Local officials said in a news release Feb. 17 that city staff wor...
Wed, 21 Feb 2018 06:00:29 +0000
Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial drones into targeted weapons, a new report warns. The ...