Archive for May 2016

Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency has entered into a new underwriting partnership for its Converging Risk program with Lloyd’s of London. ThinkRisk will transition its existing Converging Risk program – specialized errors and omissions insurance for media, advertising, … Read More Read more here:: Insurance Journal       

Office Concepts Inc., a Fort Wayne, Ind., office product and service store, will pay $45,000 and provide other relief to settle a pregnancy discrimination lawsuit by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. EEOC’s suit charged that … Read More Read more here:: Insurance Journal       

Federal safety officials say an Illinois company has been ordered to pay $190,547 in back wages and damages to a safety manager in a whistleblower case stemming from a Lansing, Ill., facility. The U.S. Department of Labor’s Occupational Safety and Health … Read More Read more here:: Insurance Journal       

By Michael Virtanen New York health insurers have proposed premium increases averaging 17.3 percent for next year in the market for individuals and 12 percent for small groups. The New York State Department of Financial Services often reduces proposed increases before approving them. … Read More Read more here:: Insurance Journal       

Numerous lapses in safety measures, judgment and planning by Plains All American Pipeline LP led to and worsened a major oil spill last year that fouled miles of shoreline and ocean near Santa Barbara, Calif., the U.S. Transportation Department said … Read More Read more here:: Insurance Journal       

Tennessee-based nonstandard auto insurance provider The General has signed its first real-life brand ambassador and he’s a big one: NBA Hall-of-Famer Shaquille O’Neal. In his brand ambassador role, the 7-foot, 1-inch O’Neal will represent the company in television commercials and … Read More Read more here:: Insurance Journal       

Swiss Re Corporate Solutions has appointed Ivan Gonzalez as CEO North America. Gonzalez succeeds Robert Petrilli, who the insurer said has decided to leave Swiss Re at the end of 2016. The company said Gonzalez is moving from his current … Read More Read more here:: Insurance Journal       

Airbnb Inc. was accused in a civil rights lawsuit of ignoring a Virginia man who said a host with the online room rental company had rejected his reservation request because he’s black. Gregory Selden, 25, sued in Washington Tuesday. He seeks to represent … Read More Read more here:: Insurance Journal       

Liberty Mutual Global Consumer Markets has formed a new venture capital initiative focused on technology and the insurance industry. Liberty Mutual Strategic Ventures (LMSV), a $150 million early stage venture fund, is aligned with the innovation strategy of Liberty Mutual … Read More Read more here:: Insurance Journal