Archive for June 2016

By Denise Johnson Fears over the spread of the Zika virus are likely to dampen the Summer Olympics set for Rio de Janeiro in August and other summer events. The virus could also make it more difficult for summer event organizers to find … Read More Read more here:: Insurance Journal       

By L.S. Howard While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Allstate Foundation Purple Purse has launched an awareness and fundraising campaign to call attention to the barriers that keep women trapped in abusive relationships. The #FreetoWalk campaign kicks off with the release of the online film “America’s Largest Prison Break,” … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The internet domain extension reserved for the global insurance industry— .insurance — will become available starting today, June 14, at 8 p.m. ET. The new extension means an independent agency at BagadonutsInsuranceAgency.com could potentially also be found at BagadonutsAgency.insurance, or … Read More Read more here:: Insurance Journal       

By L.S. Howard Europe’s top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives told Reuters. The sums are so big … Read More Read more here:: Insurance Journal       

Several people were injured and one person had to be rescued after a tornado destroyed several homes and damaged a dozen others over the weekend in Baker in eastern Montana. National Weather Service meteorologist Wright Dobbs confirmed the tornado, and … Read More Read more here:: Insurance Journal       

The medical marijuana industry is growing in New Mexico. Several licensed growers are expected to open new facilities as well as dispensaries in the coming months, which would mean a boost in jobs and the economy, the Albuquerque Journal reported. … Read More Read more here:: Insurance Journal       

The husband of a Portland, Ore. woman killed when a tree slammed into their house has filed a wrongful death lawsuit against the owners of the home next door. The lawsuit states that Dennis Elleson feared the Douglas fir would … Read More Read more here:: Insurance Journal       

A company that manufactures passenger-carrying drones will be testing its system in Nevada. The Las Vegas Review-Journal reported that EHang Inc., which is headquartered in Guangzhou, China, is partnering with the Nevada Institute for Autonomous Systems to test and develop … Read More Read more here:: Insurance Journal