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Arizona Becomes 48th State with Cellphone-Driving Law
Arizona ended a decade of resistance to restrictions on using a cellphone while driving when Gov. Doug Ducey signed a law this week outlawing holding a phone behind the wheel. It is now the 48th state to ban texting and …

POSTED APRIL 25, 2019 2:04 PM
Bayer Seeks Dismissal of $78M Roundup Glyphosate Verdict or New Trial
Bayer AG on Wednesday asked a California appellate court to throw out a $78 million judgment it was ordered to pay to a school groundskeeper who claimed the company’s weed killers gave him cancer. In a filing in California’s Court …

POSTED APRIL 25, 2019 1:14 PM
Direct-to-Consumer Auto Insurers Grabbing Market Share
Direct-to-consumer auto insurers appear to be gaining serious market traction, according to a report from J.D. Power. The firm reports that auto insurance revenue hit $245 billion in 2018, reflecting industrywide growth of 6.2 percent. But 54 percent of those …

POSTED APRIL 25, 2019 1:03 PM
Upstate New York Prepares as Lake Ontario Water Rises Again
Emergency officials in upstate New York are again preparing for possible flooding along Lake Ontario. Niagara County’s director of emergency services, Jonathan Schultz, says lake levels have risen about five inches in 10 days. Recent heavy rains, seasonal thaw and …

POSTED APRIL 25, 2019 12:57 PM
Indictment Alleges Ex-CEO Ignored Red Flags as Opioid Crisis Raged
The pharmaceutical industry executive hit Tuesday with criminal charges stemming from the opioid crisis doesn’t have his name on a museum wing, and his company isn’t within earshot of Apple or anyone else on the Fortune 500. Even his $1.5 …

POSTED APRIL 25, 2019 12:54 PM
NTSB Cites Poor Planning for Toy Run Crash That Killed Two in Maine
The National Transportation Safety Board faults law enforcement planning in a report on a double fatal crash during the United Bikers of Maine Toy Run in September 2017. The report, released Tuesday, said an unsafe maneuver by a motorcycle rider …

POSTED APRIL 25, 2019 12:43 PM
Board Faults Utility’s Equipment in Fatal 2016 Explosion in Maryland
A gas company’s faulty equipment is the most likely cause of an explosion at a suburban Maryland apartment complex that killed seven people in 2016, according to federal report issued Tuesday. The explosion and fire at the Flower Branch apartments …

POSTED APRIL 25, 2019 12:39 PM
W.R. Berkley Q1 Shows Rate Increases Working
W.R. Berkley Corp. enjoyed solid premium growth in the 2019 first quarter and its reinsurance arm booked encouraging results, with the carrier crediting “further rate improvement” for the positive trend. The insurer said its rate increases appear to be outpacing …

POSTED APRIL 25, 2019 12:11 PM
Cyclone Kenneth Grows Stronger as It Barrels Towards Mozambique
Tropical Cyclone Kenneth continued to grow stronger as it swirled toward the coast of Mozambique, where Anadarko Petroleum Corp. has halted all flights to and from its liquefied natural gas site. Mozambican authorities declared a “red alert” in Cabo Delgado …

POSTED APRIL 25, 2019 11:35 AM
China’s Swine Virus Epidemic Should Be a Global Concern: Opinion
It’s a familiar and ominous story. A deadly pathogen with no known cure begins spreading in China. Rather than acknowledge the problem, officials throughout the Chinese government shut down media coverage, while underreporting infection and mortality rates for fear of …

POSTED APRIL 25, 2019 11:13 AM

Live Insurance News

Fossil fuel underwriting disclosure petition rejected by commissioner on Earth Day

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California Insurance Commissioner Ricardo Lara has turned down the recent move by activists. Activists may have thought that they had Earth Day on their side when California Insurance Commissioner Ricardo Lara considered the fossil fuel underwriting disclosure petition. However, Lara rejected the petition urging him to implement the new regulations over insurance companies. Commissioner Lara underscored climate change as a top priority as a part of his election platform. The petition would have required insurance companies into fossil fuel underwriting disclosure. That is, they would need to disclose the fossil…

The post Fossil fuel underwriting disclosure petition rejected by commissioner on Earth Day appeared first on Live Insurance News.



POSTED APRIL 25, 2019 2:00 PM
Machine learning flips understanding of travel industry insurance upside down

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Companies are using new technologies to obtain an entirely new comprehension of this sector. The travel insurance industry, like other coverage sectors, is turning to many new forms of cutting edge technology. This tech is helping the industry to obtain a more refined understanding of itself. The more this technology tells insurance companies about their coverage, the more their understanding changes. Machine learning, such as through artificial intelligence (A.I.) is tossing conventional travel insurance industry wisdom out the window. In its place, comes entirely new concepts and understandings. Smarter tech…

The post Machine learning flips understanding of travel industry insurance upside down appeared first on Live Insurance News.



POSTED APRIL 24, 2019 2:00 PM
iGrad Receives Pension & Investments Eddy Award for Enrich™ Financial Wellness Platform

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San Diego, CA, April 24, 2019 –(PR.com)– iGrad recently was recognized with a Pension & Investments Eddy Award for its Enrich™ financial wellness platform. iGrad was honored along with Virginia Retirement System (VRS), an independent state agency that offers the Enrich platform to its 700,000 members. iGrad and VRS received the top score for public plans. Enrich is used by both public retirement plans and private retirement plan sponsors. VRS offers Enrich to its members to help them make informed and educated decisions on everyday financial matters while saving for…

The post iGrad Receives Pension & Investments Eddy Award for Enrich™ Financial Wellness Platform appeared first on Live Insurance News.



POSTED APRIL 24, 2019 7:00 AM
Insurance adjuster credits solid evacuation plan for saving the treasures in Notre Dame

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Experts estimate that 90 percent of the priceless artworks and relics from the cathedral were saved. A leading insurance adjuster Michel Honore has issued high praise to the Notre Dame cathedral evacuation plan and those who carried it out. He stated that it was because of this process and the cool-headedness of those who executed the contingency plan that about 90 percent of the cathedral’s relics, artwork and other treasures were saved. Despite the widespread damage from the heartbreaking fire in the 12th century cathedral, much was saved. Honore is…

The post Insurance adjuster credits solid evacuation plan for saving the treasures in Notre Dame appeared first on Live Insurance News.



POSTED APRIL 23, 2019 2:00 PM
Drew Rothman of R-T Specialty Explores Wood-frame Construction Trends & Challenges at CLM Conference

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Hamilton, NJ, April 22, 2019 –(PR.com)– Drew Rothman of R-T Specialty, LLC’s National Environmental and Construction Professional Liability Practice (ECP) recently explored the wood-frame construction boom and strategies for managing the related and wide-ranging risks at the 2019 Claims and Litigation Management (CLM) Alliance Annual Conference held March 13 – 15 in Orlando, Florida. “Due to its low cost and availability, wood-frame construction is extremely popular for building everything from apartment complexes to multiuse facilities,” says Rothman. “But it does not come without the threat of liability. Contractors need to…

The post Drew Rothman of R-T Specialty Explores Wood-frame Construction Trends & Challenges at CLM Conference appeared first on Live Insurance News.



POSTED APRIL 22, 2019 3:01 PM
British pet insurance payouts reach record £785 million level

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Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of claims filed by policyholders actually fell, said the Association of British Insurers (A.B.I.). The industry trade body pointed to a rising cost of complex veterinary care to explain the payment size. The A.B.I. underscored the increasing cost associated with sophisticated medical care to…

The post British pet insurance payouts reach record £785 million level appeared first on Live Insurance News.



POSTED APRIL 22, 2019 2:00 PM
MFE Insurance Brokerage Offers Restaurant Insurance

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Los Angeles, CA, April 22, 2019 –(PR.com)– MFE Insurance, a California entertainment insurance brokerage, recently announced that they will now be offering restaurant insurance policies. Restaurant insurance protects restaurant owners against risks and liabilities that may occur on their property. Without restaurant insurance, restaurant owners are at risk of lawsuits and liabilities that may financially cripple their business. Owning a restaurant comes with a litany of responsibilities and a wide range of risks and liabilities. All restaurant owners face the same common set of risks, including food safety and storage,…

The post MFE Insurance Brokerage Offers Restaurant Insurance appeared first on Live Insurance News.



POSTED APRIL 22, 2019 7:00 AM
Bill Cosby’s insurance company is “despicable”, says the fallen celebrity

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AIG has allegedly settled a second lawsuit without the imprisoned comedian’s knowledge. Bill Cosby’s insurance company has, for the second time in a month, allegedly settled a lawsuit without the celebrity’s knowledge. Cosby is raging against the insurer, A.I.G., for continuing this practice without his being aware or consenting. The comedian once known as “America’s Dad” released a statement against AIG’s actions on his behalf. “A.I.G.’s conduct is despicable and I can only imagine how terribly they’re treating their policyholders, who don’t have my means and my resources,” said Cosby…

The post Bill Cosby’s insurance company is “despicable”, says the fallen celebrity appeared first on Live Insurance News.



POSTED APRIL 19, 2019 2:00 PM
Notre Dame fire insurance is non-existent, but donations for repairs are high

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The French State owned cathedral was self-insured as there isn’t coverage available for priceless artwork and structures. The devastating and heartbreaking Notre Dame fire was watched from around the world. Thoughts and prayers poured in to Paris expressing sympathy for the loss of so much of the historical and religious structure. At the same time, many were asking who would have to foot the bill to have it rebuilt. The cathedral was 856 years old at the time of the Notre Dame fire. It was irreplaceable unto itself but also…

The post Notre Dame fire insurance is non-existent, but donations for repairs are high appeared first on Live Insurance News.



POSTED APRIL 18, 2019 2:00 PM
ASC President, Glenn Backus to Present a Session at RIMS 2019 Annual Conference & Exhibition

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Nashville, TN, April 18, 2019 –(PR.com)– Glenn Backus, President of Third Party Administrator Alternative Service Concepts (ASC) has been selected to present at RIMS 2019 Annual Conference & Exhibition, the premier risk management, and insurance conference. Mr. Backus will lead a discussion entitled, “Claims Management Claims Performance Indicators” that will explore how to measure the effectiveness of your claims program. This “Thought Leader Theater” educational session is scheduled for Tuesday, April 30th at 3:50. Mr. Backus has over twenty years experience in the insurance industry, primarily from a technology and…

The post ASC President, Glenn Backus to Present a Session at RIMS 2019 Annual Conference & Exhibition appeared first on Live Insurance News.



POSTED APRIL 18, 2019 7:00 AM

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 Sawyer 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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