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Final Insured Losses for Europe’s Storm Friederike/David Estimated at €1.7B: PERILS
The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This compares to the previous PERILS loss report of €1.675 …

POSTED JANUARY 17, 2019 11:07 AM
Failure to Mitigate Climate Change, Cyber Risks at Top of Global Risks: WEF
The failure to tackle climate change and extreme weather events are the most threatening global risks this year, according to the World Economic Forum. Inability to mitigate or adapt to climate change leapfrogged several places on the list as the …

POSTED JANUARY 17, 2019 10:02 AM
New Zodiac Insurance D&O Policy Targets Small Global Financial Institutions
Lloyd’s broker AFL Insurance Brokers Ltd’s independent USA managing general agent subsidiary Zodiac Insurance Services has launched directors and officers (D&O) capacity for the small global financial institutions (Small FI) market. Partnering with underwriters at Lloyd’s, Zodiac has created a …

POSTED JANUARY 17, 2019 7:24 AM
North Carolina Businesses Without Workers’ Comp Coverage Fined $3.2M
The North Carolina Industrial Commission’s Compliance and Fraud Investigative Division collected more than $3.2 million in penalties and issued 289 criminal charges at the end of the first two quarters of Fiscal Year 2018-19 as it continues to identify businesses …

POSTED JANUARY 17, 2019 7:08 AM
South Carolina Lawmakers Try to Legalize Medical Marijuana, Again
South Carolina lawmakers are once again introducing legislation to legalize marijuana for treatment of critically ill patients in the state, making another go at a debate that has gradually made progress in this deeply red state in recent years. Sen. …

POSTED JANUARY 17, 2019 6:46 AM
RLI Promotes Kirk, Schick Within Surety Group
Peoria, Illinois-based RLI Corp. has promoted Bob Kirk and Brian Schick within its Surety group. Kirk, assistant vice president, Commercial Surety, has been promoted to vice president, Commercial Surety. Kirk succeeds Martha Weissbaum, who recently retired from RLI after 18 …

POSTED JANUARY 17, 2019 6:30 AM
Kentucky Distillery Employee Dies After Falling from Facility Walkway
Authorities say a distillery employee in Kentucky died after falling from a suspended walkway at the facility. The Daviess County coroner’s office said Tuesday that an autopsy revealed 44-year-old Dennis Layman of Owensboro died of blunt force trauma after falling …

POSTED JANUARY 17, 2019 6:17 AM
Trump EPA Chief Tells Senators Climate Change ‘Not the Greatest Crisis’
U.S. President Donald Trump’s new pick to run the Environmental Protection Agency told lawmakers on Wednesday he does not believe climate change is a major crisis, and would continue to undo Obama-era emission limits if confirmed. Trump nominated EPA Acting …

POSTED JANUARY 17, 2019 6:00 AM
Research Suggests Marijuana Users More Likely to Be Fired or Laid Off
As U.S. rates of marijuana use continue to rise, workers who use marijuana may be at higher risk of losing their jobs. Job loss may be an overlooked social cost of marijuana use, according to the new research by Cassandra …

POSTED JANUARY 17, 2019 6:00 AM
Markel Faces Investor Lawsuit Over CATCo Loss Reserves
Markel Corp. is facing is class action shareholder lawsuit over reserve statements by its investment management unit that are being investigated by U.S. and Bermuda authorities New York law firm Bragar Eagel & Squire said it filed the class action …

POSTED JANUARY 17, 2019 6:00 AM

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