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Natural Disasters Begin to Hit Profits of Global Reinsurers
A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global finance. …

POSTED SEPTEMBER 22, 2017 12:57 PM
Official Says Bus in Deadly New York Crash Going Twice the Speed Limit
Federal safety investigators say a charter bus that blew through a red light in New York City and caused a horrific crash that killed three people was traveling at nearly double the posted speed limit. National Transportation Safety Board investigator …

POSTED SEPTEMBER 22, 2017 12:47 PM
Lawyers Say Vermont Man Whose Kin Died is Withholding Information
Insurance company lawyers say a Vermont man suspected of killing his millionaire grandfather refuses to answer questions about the day his boat sank with his mother onboard. Nathan Carman’s boat sank last year. His mother is presumed dead. In a …

POSTED SEPTEMBER 22, 2017 12:38 PM
U.S. Safety Board Says Train Crash Engineers Had Undiagnosed Sleep Disorder
The engineers in two New York City area commuter train crashes suffered from sleep apnea that had not been diagnosed, the U.S. National Transportation Safety Board said on Thursday. The NTSB released factual findings on Thursday regarding its investigations into …

POSTED SEPTEMBER 22, 2017 12:29 PM
Russia National Reinsurance Co. to Expand into China, India, Middle East & Africa
Russian National Reinsurance Co. (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. State-owned RNRC was set up mainly to offer reinsurance to firms …

POSTED SEPTEMBER 22, 2017 11:45 AM
MGA Agora Receives ‘in Principle’ Approval to Set Up Lloyd’s Syndicate
Asta, the leading third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Agora Syndicate 3268. In 2015, Asta and leading marine insurance provider Skuld announced the launch of …

POSTED SEPTEMBER 22, 2017 9:51 AM
Drugs in Workplace a Danger to Workers and Drag on Productivity
At Philip Tulkoff’s food-processing plant in Baltimore, machines grind tough horseradish roots into puree. “If you put your arm in the wrong place,” the owner says, “and you’re not paying attention, it’s going to pull you in.” It’s not a …

POSTED SEPTEMBER 22, 2017 5:00 AM
Generali Chief Underwriting Officer Sees His Job as Part Science, Part Art
Bill Skapof, chief underwriting officer and head of global corporate and commercial in North America for Generali, considers underwriting as much art as it is science. Skapof has more than 30 years of global insurance experience developing product, distribution and …

POSTED SEPTEMBER 22, 2017 5:00 AM
Judge Dismisses Challenge to Kentucky Medical Marijuana Ban
Kentucky’s ban on medical marijuana has survived an initial test in court, with a judge ruling Wednesday that the state has a good reason to “curtail citizens’ possession of a narcotic, hallucinogenic drug.” Twenty-nine other states have legalized marijuana in …

POSTED SEPTEMBER 22, 2017 4:41 AM
Florida Suspends License of Nursing Home After 9th Patient Dies
Florida officials have suspended the license of a nursing home that had nine patients die after Hurricane Irma knocked out its air conditioning. The Agency for Health Care Administration said Wednesday that it suspended the license of the Rehabilitation Center …

POSTED SEPTEMBER 22, 2017 4:20 AM

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