Archive for May 2016

Ride-hailing company Uber is asking Pennsylvania’s utility regulators to reconsider the record-setting $11.4 million fine they issued against it. The Public Utility Commission fined San Francisco-based Uber in April for operating in Pennsylvania for six months in 2014 without the … Read More Read more here:: Insurance Journal       

Authorities in central Texas have found two more bodies along flooded streams, bringing the death toll from flooding in the state to six. It was unclear Sunday whether a body found in Travis County near Austin was one of the … Read More Read more here:: Insurance Journal       

Aspen Insurance, the insurance segment of Bermuda-based Aspen Insurance Holdings Ltd., has announced the appointments of Mike Toppi as global head of Surety Risk and Paul Sanders as global head of Credit & Political Risk. These appointments are part of … Read More Read more here:: Insurance Journal       

The U.S. Federal Reserve will hold an open meeting next Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The central bank’s announcement on Friday came a week after … Read More Read more here:: Insurance Journal       

California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective July. This is a 10.5 percent reduction compared with … Read More Read more here:: Insurance Journal       

RIC Insurance General Agency Inc. has named Garett Kaneko senior vice president of sales and marketing and Tom Clansen vice president of commercial lines. Both will be based in California. Garett will work out of RIC’s headquarters in Santa Rosa … Read More Read more here:: Insurance Journal       

EPIC Insurance Brokers and Consultants has named Nick Tan surety manager. Tan will be based in EPIC’s San Ramon, Calif. construction services practice and report to Brian Quinn, regional director of property/casualty. Tan will be responsible for providing surety consulting … Read More Read more here:: Insurance Journal       

XL Catlin’s Environmental insurance business has added new protection to its Contractor’s Professional and Pollution Legal Liability insurance to help contractors and environmental consultant clients absorb the costs of fixing an issue or mistake. The new coverage addresses contractor professional … Read More Read more here:: Insurance Journal       

The New York State Police and local law enforcement statewide will be stepping up patrols to combat drunk and impaired driving this Memorial Day weekend, New York Gov. Andrew Cuomo announced. Memorial Day is one of the busiest travel holidays … Read More Read more here:: Insurance Journal