Archive for May 2017

The MEMIC Group, a Portland, Maine-based workers’ compensation specialist, has named company veteran Michael P. Bourque as its president and CEO to replace John T. Leonard, who is retiring later this year. Bourque, who has worked for the company for … Read More Read more here:: Insurance Journal       

By L.S. Howard Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry,” insurers say. Cyber insurance can be expensive to buy and is not widely used … Read More Read more here:: Insurance Journal       

By Don Jergler Federal officials warned a commission overseeing Arizona’s workplace safety agency that its practice of lowering fines on companies for worker injuries and deaths violates the state’s laws and could jeopardize its ability to run its own safety program. The letter … Read More Read more here:: Insurance Journal       

By Don Jergler Relatives of 18 of the 36 people who died in the Oakland, Calif. “Ghost Ship” warehouse fire added Pacific Gas & Electric utility as a defendant in their wrongful death lawsuits. They claimed the company should have known the warehouse’s … Read More Read more here:: Insurance Journal       

Ageas is using artificial intelligence (AI) technology to help manage its UK motor claims in partnership with AI specialist, Tractable. In what it describes as a first for the UK market, Ageas said the technology is now being used to … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones A group of liberal and conservative online political commentators in Ohio has filed a constitutional challenge to the state’s recently enacted law against internet harassment. A federal lawsuit filed Tuesday in U.S. District Court in Cleveland alleges a prohibition against … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Storms whipped through a wide swath of the nation’s midsection, giving rise to tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms hit Wisconsin … Read More Read more here:: Insurance Journal       

JLT Re (North America) Inc. has appointed Greg Messenger as executive vice president in Chicago where he will focus on the development of JLT Re’s regional, mutual, and national global practices. He joins JLT Re with more than 35 years of … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states where the drug is legal, undeterred by signals from the Trump administration about maintaining tough marijuana restrictions nationally. The eight … Read More Read more here:: Insurance Journal