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Business Insurance

Liberty Mutual sells life unit, realigns property/casualty
Liberty Mutual Insurance Co. will realign its property/casualty operations following the announcement it would sell its life and disability insurance unit to Lincoln Financial Group for about $3.3 billion, Liberty Mutual said in a statement Friday.

POSTED JANUARY 19, 2018 2:40 PM
Court reinstates charges for fired tutor under ADA
A federal appeals court has overturned a lower court ruling and reinstated discrimination and retaliation charges under the Americans with Disabilities Act filed by a writing tutor who was fired by her community college after taking a leave.

POSTED JANUARY 19, 2018 12:58 PM
JLT Re unveils analytics software


POSTED JANUARY 19, 2018 12:43 PM
Employer can’t claw back mistaken payment to attorney: Court


POSTED JANUARY 19, 2018 12:31 PM
Oblivious advertising misstep heats up diversity debate
Swedish fashion retailer H&M may have learned its lesson — albeit the hard way — following the tumult it created with its “coolest monkey in the jungle” sweatshirt advertisement.

POSTED JANUARY 19, 2018 12:19 PM
Cleaning company owner pleads guilty to workers comp fraud
The owner of a Hudson, Ohio-based cleaning business must serve 30 days under house arrest and pay $14,000 in restitution to the Ohio Bureau of Workers Compensation after pleading guilty to workers comp fraud.

POSTED JANUARY 19, 2018 12:05 PM
HSBC to pay $101.5M to settle probe into currency rigging
(Reuters) — HSBC Holdings P.L.C. on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led to the conviction of one of its former bankers.

POSTED JANUARY 19, 2018 10:27 AM
Calif. retailer sentenced to prison for tax, workers comp fraud
The owner and operator of a Southern California retail chain was sentenced to two years in prison for sales tax evasion, false income tax returns, failure to pay taxes and workers compensation fraud, California Attorney General Xavier Becerra announced Wednesday.

POSTED JANUARY 19, 2018 9:49 AM
Possible Buffett successor Jain reports $109 million Berkshire stake


POSTED JANUARY 19, 2018 9:19 AM
MetLife, regulator ask for dismissal of ‘too big to fail’ case


POSTED JANUARY 19, 2018 9:02 AM

News – Insurance Journal

Commercial Automobile Remains Sore Spot in P/C: A.M. Best
The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report. Commercial auto has been a sore spot in the property/casualty for several years. Commercial auto insurers have tried to …

POSTED JANUARY 19, 2018 5:49 PM
Sioux Falls, S.D., Scores Record Year for Commercial Construction
Commercial construction climbed to another record-breaking year in Sioux Falls. Building permits issued in 2017 for commercial projects reached $739 million. City leaders say it’s the fifth year in a row that construction has reached record-breaking levels. The city’s biggest …

POSTED JANUARY 19, 2018 5:36 PM
Drone Owners Warned Against Use near Oklahoma Air Force Base
Officials at a northern Oklahoma air force base are asking the public to keep recreational drones away from aircraft after a near collision on a training flight. Lt. Col. Eric Schmidt works at Vance Air Force Base. He told the …

POSTED JANUARY 19, 2018 5:35 PM
Nationwide Chief Information Officer Keller to Retire
Columbus, Ohio-based insurer, Nationwide, announced that Chief Information Officer Michael Keller will retire from his role later this year. Keller has been the CIO for Nationwide since 2001. The company anticipates it will name Keller’s successor sometime in the second …

POSTED JANUARY 19, 2018 5:30 PM
JLT Specialty USA Locating Headquarters in Chicago
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc (JLT), the global specialist risk advisor and broker, has chosen Chicago as its U.S headquarters. The company said it has seen impressive growth over the last three years …

POSTED JANUARY 19, 2018 4:38 PM
People Injured at Riot Sue UC Berkeley, City,
Four San Francisco Bay Area residents who say they were injured by protesters during a riot ahead of a speech by a right-wing provocateur at the University of California, Berkeley filed a lawsuit against the university and the city, their …

POSTED JANUARY 19, 2018 3:51 PM
The MEMIC Group Promotes Cavallaro to Production Underwriter Based in Georgia
To support growth within the Georgia market, workers’ compensation specialist The MEMIC Group has announced the promotion of Ben Cavallaro to the position of production underwriter. A native of Portland, Maine, and resident of Alpharetta, Ga., Cavallaro began his career …

POSTED JANUARY 19, 2018 2:47 PM
Maine Gas Station Fuel Mishap Leads to Damaged Vehicles
Some drivers in Maine say their vehicles were damaged when they purchased fuel that was in the wrong pumps at a gas station. The Kennebec Journal reports all of the drivers filled their tanks at a Mobil station in Waterville …

POSTED JANUARY 19, 2018 2:22 PM
Fire Damages Businesses at New Hampshire Strip Mall, Officials Investigate
Investigators are working to determine the cause of a fire that broke out at a New Hampshire strip mall. Fire officials say none of the stores were open at the time and there were no injuries. WMUR-TV reports firefighters responded …

POSTED JANUARY 19, 2018 2:18 PM
Lockton Hires Steed as Senior Account Executive in South Florida Office
Lockton, a privately held, independent insurance broker, has hired JoAnne Steed in its South Florida operation as a senior account executive. In this role, Steed will be based in Lockton’s Miramar, Fl., office. She will be responsible for client strategy …

POSTED JANUARY 19, 2018 2:01 PM

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