Archive for June 2017

By Don Jergler Voices screamed out, “Fire!” Suddenly, the lights went out and it got harder to breathe. Many of the 36 people killed in the Ghost Ship warehouse fire in Oakland huddled together in the dark, and that’s where they died of … Read More Read more here:: Insurance Journal       

By L.S. Howard About 600 high-rise apartment blocks in England have been fitted with cladding similar to that used on the London tower in which 79 people died in a devastating fire last week, Prime Minister Theresa May’s office said. Tests are being … Read More Read more here:: Insurance Journal       

Sydney-based QBE announced that its Emerging Markets’ division has experienced “significantly higher than expected claims activity during the first five months of the year.” As a result, this division is expected to report a first half combined operating ratio of … Read More Read more here:: Insurance Journal       

By Don Jergler A contractor has been fined nearly $200,000 for violations discovered after two workers were injured in a mishap on Portland, Ore.’s Ross Island Bridge. Oregon OSHA announced the penalty Monday, following an investigation that found nine safety violations. One of … Read More Read more here:: Insurance Journal       

Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. In May, Next reported the round had reached $29 million and … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson From 10 to 18 percent of injured workers never reach “substantial return to work,” according to new research by the Workers Compensation Research Institute (WCRI) comparing outcomes for injured workers in six states. In its study, Comparing Outcomes for Injured Workers, … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield The warming Atlantic Ocean has raised the risk of another Hurricane Sandy. And still, trillions of dollars of real estate and infrastructure near the shores of New York City and northern New Jersey remain vulnerable to devastation. A storm-surge barrier … Read More Read more here:: Insurance Journal       

Global specialty broker and risk advisor JLT Specialty USA has made several leadership appointments in its Aerospace practice in North America. The appointments include elevating Phil Gingell, who most recently served as president of the JLT’s aerospace division in North … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson York Risk Services Group, which is owned by Onex Corp., said that Thomas Warsop has joined the company as chairman of the board. Warsop joins York after having served as CEO of The Warranty Group for almost five years. Prior … Read More Read more here:: Insurance Journal