Archive for February 2016

After the bill was vetoed last year, a proposal to allow carrying a concealed gun without a permit in West Virginia passed its first major test this week. The Republican-led House of Delegates voted 68-31 on the concealed carry legislation. … Read More Read more here:: Insurance Journal       

U.S. aviation safety officials are raising new warnings about the dangers of carrying bulk shipments of lithium-based batteries on commercial flights. The Federal Aviation Administration, which regulates the aviation industry, on Tuesday sent a notice to airlines urging them to … Read More Read more here:: Insurance Journal       

Families of U.S. citizens murdered by drug gangs in Mexico sued HSBC Holdings Plc, claiming the bank can be held responsible for the deaths because it let cartels launder billions of dollars to operate their businesses. The lawsuit brings fresh scrutiny … Read More Read more here:: Insurance Journal       

The judge presiding over a lawsuit challenging the authenticity of Led Zeppelin’s signature song Stairway to Heaven rejected a bid to delay the case, setting the stage for a May trial — if it doesn’t get settled or dismissed before then. … Read More Read more here:: Insurance Journal       

Members of the National Association of Insurance Commissioners (NAIC) have elected Wisconsin Insurance Commissioner Ted Nickel to fill the president-elect position vacated when Sharon P. Clark resigned as Kentucky insurance commissioner on Jan. 11. Subsequently, Tennessee Insurance Commissioner Julie Mix … Read More Read more here:: Insurance Journal       

Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. That was down from the organic growth of 6.2 percent seen each year from 2012-14. … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Lemonade, the startup peer-to-peer insurance carrier that has raised $13 million in initial funding, announced a lineup of global reinsurance partners, including Berkshire Hathaway and leading Lloyd’s of London syndicates. Lemonade set records with its initial funding by Sequoia and … Read More Read more here:: Insurance Journal       

For MetLife Inc. Chief Executive Officer Steve Kandarian, the scariest risk is being classified as risky. MetLife lawyers go to court Wednesday seeking to overturn a too-big-to-fail designation in a lawsuit that could, if the insurer prevails, reduce the government’s … Read More Read more here:: Insurance Journal       

Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of the leaders of its marine team, with immediate effect. Mark Edmondson, formerly head of marine for legacy Chubb Syndicate 1882, has been appointed as head of marine … Read More Read more here:: Insurance Journal